Canada is a buying opportunity despite series of headwinds: David Rosenberg

Here’s a closer look at why a reputed bear has turned bullish on Canada:stems from just how vulnerable it is to higher interest rates,” they said.

After taking a break during the pandemic, Canadians continued to add to their debt and now carry a debt-to-disposable-income ratio of 168.1 per cent, near an all-time high. By comparison, U.S. consumers are considerably less in the hole with a debt-to-disposable-income ratio of 96.4 per cent, well off a peak of 129.4 per cent during the Great Recession.Article content

“With debt payments making up an increasingly large chunk of income, this means less available for consumer spending ,” they said. On the trade front, exports accounted for 34 per cent of Canada’s GDP exposing the economy to the rising risks of a global slowdown.All this might sound alarming, but there are several upsides percolating for investors looking to take advantage of lower Canadian stock prices.

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Canada is a buying opportunity despite series of headwinds: David RosenbergDavid Rosenberg says people should buy Canadian stocks and bonds, as the country represents a good bet for longer\u002Dterm investors. Read on. Honestly, do the opposite of what this guy says and you'll be making strong investments.
Source: nationalpost - 🏆 10. / 80 Read more »

Canada is a buying opportunity despite series of headwinds: David RosenbergDavid Rosenberg says people should buy Canadian stocks and bonds, as the country represents a good bet for longer\u002Dterm investors. Read on.
Source: financialpost - 🏆 7. / 85 Read more »