Growth stocks ‘highly overvalued’ but energy looks attractive, says strategist

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Investors are rotating into energy stocks as oil prices hit 2023 highs.

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The Canadian Bankers Association's CEO Anthony Ostler said the government was "singling out the banks". The financial industry has been on the hook for taxes as the federal government looks to boost spending to help lower-income Canadians cope with inflation and step up clean technology investments to close the competitive gap with the United States.

 

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