Bill Gross, chief investment officer of U.S.-based Pacific Investment Management Co. - which manages about $350-billion (U.S.) in bonds - said in an interview with ROB-TV on Monday that he expects U.S. interest rates will rise soon from their current historically low levels. The biggest player in the global bond business also said that he believes Canadian bonds are a good buy, in part because the Canadian dollar is likely to outperform the U.S greenback.
© The Globe and Mail
Only GlobeinvestorGOLD combines the strength of powerful investing tools with the insight of The Globe and Mail.
Discover a wealth of investment information and and exclusive features.
