Canada needs $70-$80 oil

Portfolio Management Managing Director Norman Levine discusses Canada’s connection to oil. Gluskin Sheff & Associates Chief Economist and Strategist David Rosenberg also speaks. Here is a direct video link.

Interesting, David was wrapping himself in the Canadian flag as he toured to attract US investors to his Canadian based firm since 2009, talking up oil and commodities and a strong loonie…all after they had peaked.  Now he is calling for inflation in the hopes that will bring the bullish Canada story back into vogue. Better luck next commodities cycle…

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