The Canadian economy “unexpectedly” shrank by 0.1 percent in August, pointing to slower growth in the third quarter than in the first half of the year and supporting a Bank of Canada message that interest rate hikes are not imminent– the Canadian dollar is deservedly skidding against its U.S. counterpart.
Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.
We patiently await some reality repricing in the stock market. I find the top-down perspective of long-term charts helpful:
Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.
