David Rosenberg, founder and president of Rosenberg Research, joins BNN Bloomberg to discuss his outlook for the Canadian economy amid rising rates. Rosenberg says the Canadian economy will receive the payback from the BoC’s tightening cycle, and he expects a recession to occur next year. Furthermore,Rosenberg adds the BoC could be forced to cut rates in the second half of 2023. He also says there could be a diverge between the BoC and the Fed upcoming rate decisions as the Canadian household balance sheets more stretched than the U.S. household balance sheets. Here is a direct video link.
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