'The principal risk for the Canadian economy stems from just how vulnerable it is to higher interest rates,' said David Rosenberg
, one of the most widely followed economists on Bay Street, advised his clients and followers to take advantage of “future periods of weakness” to buy Canadian stocks and bonds, as the country represents a good bet for longer-term investors.
“While our expectation continues to be that equities are likely to see continued selling pressure , we believe long-term investors could use future periods of weakness to add to Canadian stocks given their attractive valuations — especially exporters/companies with high international exposure that stand to benefit from a weak currency,” Rosenberg wrote in his Breakfast with Dave newsletter on March 14.
“With debt payments making up an increasingly large chunk of income, this means less available for consumer spending ,” Rosenberg wrote.
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