Jay Hatfield, founder, CEO and portfolio manager at Infrastructure Capital Advisors, joins BNN Bloomberg to discuss his outlook for stock markets during the sec
“This underperformance is NOT fundamentally justified,” Brian Belski, BMO Capital Markets’ chief investment strategist, told clients this week. “Canada is positioned for a significant catch-up trade, with Canadian small cap particularly well positioned.” “It’s exactly the wrong time to be negative on Canada,” Belski said in an interview, adding that stocks in the country have been outperforming despite concerns about the economy. Even stocks in the retail sector, like Aritzia Inc. and Dollarama Inc., “are killing it at a time when the Bank of Canada is worried about the economy slowing down.”Belski’s year-end target for the S&P/TSX of 24,500 implies a roughly eight per cent gain for the rest of the year.