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COMMENT
COMMENT
March 12, 2019
There are many concerns about the US and Canadian economies, but overseas as well with trade wars and Brexit. Because of the latter, he is tilting more to Canadian assets. ETFs can offer anything you can shake a stick at it because ETFs are so volatile yet charge low fees. The hawkish signals central banks were giving us at the end of last year quickly reversed this year. Don't trust these signals; central banks can reverse direction again.
There are many concerns about the US and Canadian economies, but overseas as well with trade wars and Brexit. Because of the latter, he is tilting more to Canadian assets. ETFs can offer anything you can shake a stick at it because ETFs are so volatile yet charge low fees. The hawkish signals central banks were giving us at the end of last year quickly reversed this year. Don't trust these signals; central banks can reverse direction again.
Daniel Straus
Head of ETF Research & Strategy, National Bank Financial
COMMENT
COMMENT
March 12, 2019
UK rejects another Brexit proposal today which creates further uncertainty. She suspects the decision will just got pushed back more. She invests in US dollars outside Canada, so the UK pound doesn't effect her investments directly. Rosenberg warns of recession fears: the Canadian economy is certainly weaker than America's but Canada's employment numbers last week were very strong. Also, the US shutdown in December-January distorted their economic numbers. The US service sector remains strong and has rebounded from December. Also central banks around the world, including Canada's, are holding interest rates for now. We're heading into an election year, so policies may be tweaked to help our economy. The OECD is still projecting world growth--albeit it is slowing, and the UK is a weak spot.
UK rejects another Brexit proposal today which creates further uncertainty. She suspects the decision will just got pushed back more. She invests in US dollars outside Canada, so the UK pound doesn't effect her investments directly. Rosenberg warns of recession fears: the Canadian economy is certainly weaker than America's but Canada's employment numbers last week were very strong. Also, the US shutdown in December-January distorted their economic numbers. The US service sector remains strong and has rebounded from December. Also central banks around the world, including Canada's, are holding interest rates for now. We're heading into an election year, so policies may be tweaked to help our economy. The OECD is still projecting world growth--albeit it is slowing, and the UK is a weak spot.
Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
COMMENT
COMMENT
March 12, 2019
Okay to buy Canadian telcos with stagnant interest rates? And the effect of Huawei on telcos? Canadian telcos are defensive income stocks, sensitive to interest rate moves. They tend to raise their yield every year by around 5%. These kinds of stock belong in a portfolio (she own utilities instead of telcos). The telcos have done well--they keep adding subscribers, perhaps because customers are buying more than one phone and immigrants are fuelling demand. BCE and Telus are exposed to Huawei equipment, but not at their cores. She doesn't prefer any of the telcos, which are in an oligopoly which won't change.
Okay to buy Canadian telcos with stagnant interest rates? And the effect of Huawei on telcos? Canadian telcos are defensive income stocks, sensitive to interest rate moves. They tend to raise their yield every year by around 5%. These kinds of stock belong in a portfolio (she own utilities instead of telcos). The telcos have done well--they keep adding subscribers, perhaps because customers are buying more than one phone and immigrants are fuelling demand. BCE and Telus are exposed to Huawei equipment, but not at their cores. She doesn't prefer any of the telcos, which are in an oligopoly which won't change.
Christine Poole
CEO & Managing Director, GlobeInvest Capital Management