TSX:NWH.DB.G - Post by User
Comment by
TheBridgeon Nov 06, 2023 1:59pm
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Post# 35719828
RE:Trend
RE:TrendJust to supplement by first post I think it would be worthwhile to hear some comments included this morning in the G&M by Mark Rendell and Jason Kirby, titled: Why The U.S. Economy is Booming While Canada's Economy Stalls.
Again just quoting the section that could affect NWH.UN trend as we head into 2024.
Many economists believe the Bank of Canada and the Federal Reserve are done raising interest rates, although the strength of the U.S. economy does increase the odds of another hike by the Fed. Speculation on Bay Street and Wall Street is shifting to when the central banks might begin cutting rates.
The relative weakness of the Canadian economy sggests that the Bank of Canada will move first, said Mr. Shenfield: "We're already two quarters into a stall in growth that has yet to even begin in the U.S. So in all likelihood, we'll get some interest-rate relief before the Americans see it."
Mr. Shenfield's team at CIBC is projecting the first rate cut from the Bank of Canada around the middle of next year, followed a few months later by the Fed. Interest-rate swap markets, which capture market expectations about monetary policy, are pricing in cuts by both central banks starting next summer.
Now, what to do about adding........when and at what price? Tax loss selling still to drive the price down?