Alfred Lam, CFA, Senior Vice-President, and Head of Multi-Assets CI Global Asset Management
Happy New Year! We wish you a healthy and joyful 2023.
Recession seems to be the dominating topic for 2023. The depth of recession and what may trigger it could be different from country to country. In Canada, rising rates have led to cooling restate demand as mortgage payments increase. However, we are benefiting from aggressive immigration policy and higher commodity demand. The employment picture is generally solid, which would support a mild and shallow recession (if we do get one).
Read the rest of Alfred’s comments by downloading: 2023 January Portfolio Construction
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