Canada’s benchmark stock index pared its gains throughout the trading day but still managed to end in positive territory on Monday as mining stocks rose.
One market strategist, however, warned the recent optimism among investors that have lifted stocks might be short lived.
“Earnings per share over the next couple of years could come down by 40 per cent, which could translate into a further market decline in the 20 to 30 per cent range,” she said.Sandi Bragar, partner and market strategist at Aspiriant, joins BNN Bloomberg to discuss her market outlook as global tightening is underway. Bragar remains cautious on stocks as she says higher taxes, slower growth will bring more pressure into company.
He pointed out that there were a number of other factors aside from inflation that impacted the company’s all-in sustaining cost.
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