One solution to market volatility and overhyped tech stocks: Canada

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 30 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 179%
  • Publisher: 92%

Canadian News Nouvelles

Canada News,Breaking News Video,Canadian Breaking News

The Bank of Canada’s recent interest-rate cuts should help the Big Six banks, which have been underperforming the S&P/TSX Composite Index this year amid concerns about credit health

The volatility that has rocked global stock markets this week may be offering a pleasant takeaway for rattled investors: Canada looks like an attractive market for anyone in need of shelter from the turbulence.Composite Index fell just 1.1 per cent. That’s on a day that began with some trepidation over how widely the global sell-off would spread, after Monday’s alarming equity market downturns in Japan and the United States arrived with new fears of a global economic downturn.

In particular, some observers expect that the market can gain traction as interest spreads beyond the Magnificent Seven U.S. stocks, which have gone gangbusters for well over a year as optimism about the potential for artificial intelligence gained momentum. “While the Magnificent Seven will continue to generate strong earnings, it does appear as if growth is slowing. In fact, based on estimates, the growth rate for the Magnificent Seven will not be much different from the rest of the market in 2023,” Ian de Verteuil, an analyst at CIBC Capital Markets, said in a note.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 5. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Business, consumer sentiment subdued in Q2: Bank of Canada surveysOTTAWA — The Bank of Canada says business and consumer sentiment remained subdued during the second quarter of the year even as the country saw its first...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Business, consumer sentiment subdued in Q2: Bank of Canada surveysOTTAWA — The Bank of Canada says business and consumer sentiment remained subdued during the second quarter of the year even as the country saw its first interest rate cut.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Business, consumer sentiment subdued in Q2: Bank of Canada surveysThe Bank of Canada says business and consumer sentiment remained subdued during the second quarter of the year even as the country saw its first interest rate cut.
La source: CTVNews - 🏆 1. / 99 Lire la suite »