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    1. As a caveat, a lot of this has to do with the weakenss of the American investment market.

      While much has been made of American stock markets passing benchmarks, the truth is that outflows from America have increased significantly, and American indexes appear to be underperforming vs. large foreign markets.

      I think a lot of this has to do with the self inflicted enormous uncertainty to business conditions in America, and tariffs making America an unattractive place to have intermediate parts of a supply chain.

      This makes sense too given the end of the massive, mind boggling Biden boom in manufacturing construction, with Trump overseeing the biggest decline since 2007. That money that used to be focused on the biggest expansion of American industry in an age needs to go somewherw. Seems like some is coming here.

      Still, even if some of this is American self-owning, investors are expressing reasonable confidence in Canada’s position going forward, an encouraging sign for the moves we have been making so far.

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