TSX:AX.PR.E - Post by User
Comment by
EstevanOutsideron Aug 23, 2023 3:01pm
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Post# 35602423
RE:RE:The difference
RE:RE:The difference Europe PMI in free fall this morning crushing odds of more ECB hikes and weakening the Euro. Good for Artis to have US exposure amidst CAD weakness. They can sell US assets and buyback cheap Canadian shares / prefs at a wide discount. Canadian economy under siege. Took a look at a GoC report published this week and it said 38% of mortgage holders are borrowing to survive daily expenses. Rate hikes to become cuts sooner than expected. US car loan deliquencies at 18 yr highs. Lots of people folding. Rates are too high.