TopPicks from Christine Poole, chief executive officer and managing director at GlobeInvest Capital Management
FOCUS: North American large-cap stocksThe pullback this year has been the result of compression in the price-to-earnings multiple for the broad equity indices. For now, corporate profits are still expected to grow this year and next. Negative profit estimate revisions are likely given a strong U.S. dollar, rising interest rates, inflationary pressures, and supply-chain-related expenses.
Restrictive monetary policy will slow economic growth. Unfortunately, it has been the exception and not the rule that the Fed can engineer a soft landing while embarking on a path of higher interest rates. The task is even more challenging with inflation at 40-year highs and geopolitics contributing to a spike in energy and food costs.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Barry Schwartz's Top Picks: July 18, 2022 - BNN BloombergTopPicks from Barry Schwartz, chief investment officer and portfolio manager, Baskin Wealth Management
Read more »
Letters to The Sun, July 19, 2022: A story of care and compassion at VGHA story of care and compassion at VGH.
Read more »
Sue Dewar cartoon, July 19, 2022Get your daily fix of our daily editorial cartoons covering politics in Canada, US and around the world. View commentary expressed in drawings.
Read more »
5 things to know for Tuesday, July 19, 2022Britain braces for record-smashing heat, a fisheries report brings hope to Indigenous communities, and analysis of the precious few seconds before Shinzo Abe's assassination. Here's what you need to know today.
Read more »