It is rare for a chief market strategist for a major bank to discuss downside risks in Canada so plainly. This segment was recorded during yesterday’s market bounce. Most stocks, especially in Canada, remain well below their February highs, however, the rebound since March made back some losses and has afforded another opportunity to reduce capital risk and raise liquidity for the next phase of the recession and bear market. Cash remains king.
Stéfane Marion, chief economist and strategist at National Bank Financial joins BNN Bloomberg for his reaction to the BoC’s rate decision and his current outlook on the market. Here is a direct video link.
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