HIGH interest HIGH inflation....= DISASTER
But that is little consolation to
global index managers. For them
we recommend exposure to Canada
via an overweight in the TSX equal-
weighted index, rather than the TSX
composite itself, until the value
trade makes a resurrection, which
may have to await the second half
of the eventual central bank easing
cycle (a 2024 story, in all
likelihood).
Conclusion interest is HIGH inflation is HIGH in Canada so the stock market is DOWN until NEXT YEAR....2024 should be the BREAK OUT year for Trillion energy....companies aren't successful overnight...it takes time...