Investors looking to put their money to work in a heightened interest rate environment could find opportunities in the Canadian equity market, bonds, and cash, one Bay Street veteran advised.
In an interview with BNN Bloomberg’s Jon Erlichman on Thursday, David Rosenberg, founder and president of Rosenberg Research, said the S&P/TSX Composite Index is rewarding investors with the highest yield globally. “The all in equity yield in the TSX is 16 per cent. It’s one of the highest in the world,” he said. “For people that have been involved in the U.S. market, start bringing some money home in the Canadian market — it’s dirt cheap.
Well — think about five per cent last year when the market was down almost 20 per cent,” he said. “Have some dry powder and get paid for it — to me that’s just common sense.” One other corner of the investment world Rosenberg has turned to during this time is long-term bonds, especially as we head into a possible recession, he said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
88th Regiment colours leaving church for first time in a centuryThe colours will be transferred for preservation and display at the Canadian Scottish Regimental Museum at the Bay Street Armoury.
Read more »
Stop bashing housing investors. Canada desperately needs themIf not the investors, who will pay to maintain and own housing for millions of Canadians? Read more from Murtaza Haider and Stephen Moranis
Read more »
Thunder Bay man leaves for solo transatlantic sailing tripRead the full story and comment on Tbnewswatch.com
Read more »
MP pushes province to deliver guns and gangs funding to Thunder BayRead the full story and comment on Tbnewswatch.com
Read more »
Drug trafficking from Thunder Bay to K.I. First Nation leads to arrestA 28 year old man is in custody charged with drug and weapons-related offences
Read more »
'Disheartening': Vandals target Pride crosswalk in Brentwood BayAnother Pride crosswalk has been vandalized in Greater Victoria, this time in Brentwood Bay where municipal crews are busy removing slurs.
Read more »