In an interview with BNN Bloomberg’s Jon Erlichman on Thursday, David Rosenberg, founder and president of Rosenberg Research, said the S&P/TSX Composite Index is rewarding investors with the highest yield globally. “The all in equity yield in the TSX is 16 per cent. It’s one of the highest in the world,” he said. “For people that have been involved in the U.S. market, start bringing some money home in the Canadian market — it’s dirt cheap.
Well — think about five per cent last year when the market was down almost 20 per cent,” he said. “Have some dry powder and get paid for it — to me that’s just common sense.” One other corner of the investment world Rosenberg has turned to during this time is long-term bonds, especially as we head into a possible recession, he said.