Q: Context: Sold CNQ after a long run up. Funds now to deploy into a locked in RSP about to be unlocked into an income stream. Currently have all blue chip dividend payers and am looking to offset risk by initiating a bond position. Looking for:
-CDN domiciled etf with NA and/or Global focus
-3% minimum yield
-High grade but willing to accept corporates for yield
-Prefer shorter term to maturity, to match future rate increases
-If not CDN domiciled, willing to look at US and willing to look at more than one to match criteria

Thank you!

Q: From what I am reading the federal government is going to go significantly increase spending in the next budget [latest number I am seeing is $100 billion]. This will take Canada's debt well over $1T, probably a further downgrade in Canada's debt rating from the current AA. As a retired person would I be correct in thinking a larger part of one's portfolio should be shifted to basic materials including precious metals, to foreign and US bonds and to a healthy cash balance in foreign currencies such as the USD, GBP and EUR?
As you are aware inflation is a killer for people living mainly on pension income so I'm trying to look forward and take action in small steps over time.
Thanks.

Q: My fixed income exposure is 100% through my RRSP, of which 90% are individual bonds, 5% XBB and 5% XLB. I have a bond worth 5% of my RRSP due next week. Should I diversify further my bond exposure with ETFs like XEB or VGB, especially if I believe rates will start climbing within the next 12 months? Thanks, Martin