Post by
CommonCents123 on Jan 20, 2024 9:36am
REMEMBER THE HIGHER FOR LONGER MESSAGE?
Higher for longer rates will unfortunately put pressure on investors and will cause the economy to slow down.
With a slower economy people are spending less requiring production to slow. Slow production means less need for material resources like metals.
Sherritt has an uphill battle given that its debt strapped and operates in Cuba.
Don't be fooled by sunshine and rainbows. We're in a Caribbean hurricane at best.
https://ca.finance.yahoo.com/news/boc-wait-until-least-june-132930258.html