Reitmans Ord Shs V.RET.A

Canada…Solid Q1 GDP..3.1% …April up Too

[nozzpack]

Mmmmmm....talking heads wrong again

https://www.reuters.com/markets/canadas-economy-up-31-q1-april-gdp-likely-up-02-2023-05-31/

[nozzpack]

After two quarters of minimal growth, household spending rose for both goods (+1.5%) and services (+1.3%) in the first quarter of 2023. Expenditures on durable goods (+3.3%) were driven by motor vehicles including new trucks, vans, and sport utility vehicles (+7.8%). Spending on semi-durables (+4.3%) was led by garments (+4.5%), while spending on non-durable goods (-0.2%) declined

[Torontojay]

Nozz, you're very good at analyzing coincident indicators. You're not very good at interpreting leading indicators.  For instance, low unemployment is a leading indicator that we are at the top of the market cycle. Companies are hoarding labour because of its scarcity and cheapness which brings the unemployment rate lower not higher. Then, monetary policy begins its journey and

[nozzpack]

I am a multi factorial investor who seeks ancillary information not usually available or recognized by ordinary investors or to  analysts. I stand by my analytical cognizance that Canada will not enter into a recession in 2023......which means great profits for the contrarian investor here..