Interest rates. Yesterday the bond rates traded at 1.6%. Rising interest rates means good economic growth. A little rise in bonds is also a good thing. How high should it go? Historically, as long as it does not go above 270 basis points from the low, it's okay. US rates could go back to 3.26% before you get into the pain points, almost a doubling from today. Near term interest rates has caused an intermediate correction in equities of 7%-10% which has happened. Once it's behind us, in the next 2 months, we see a good ride up for small caps and cyclicals. It could be a year for Canada to shine this year.
They are working with a very large Italian bank that is about the same size as BMO. Working on a program, MarketWall, that will allow trading on mobile. They are adding AI for fundamentals and appropriateness for dividend coverage and risk level. They announced they have all the IPs needed. The company wants to sell this product to other banks through white-label. There is huge volume growth opportunities. In 3 months, hopefully we will get a decision from the Italians. A great opportunity going forward.