Full episode: Market Call for Tuesday, November 19, 2019
Barry Schwartz, chief investment and portfolio manager at Baskin Wealth Management
Focus: North American large caps
As we march into 2020, it appears that investors are discounting all the negative headlines they worried about only a few months ago, and for good reason. If we can get a trade agreement between U.S. and China, animal spirits can take over and begin to drive business confidence higher. Central banks continue to be very accommodative and that is the best scenario for equity investors. No question, stocks are at all-time highs. But they should be when earnings are at record levels, unemployment is at near-record-low levels and interest rates are at science fiction lows. We see a major rebound in earnings growth in 2020, which should continue to drive North American stock prices higher. We see no reason to rebalance equities back to bonds in the current environment. We think investors should continue overweight high-quality, profitable companies and focus their attention on ones that win out in a low-interest rate world.
Huawei CFO release would improve China-Canada trade ties: Cong
China’s top diplomat in Canada says the release of Huawei Technologies Co., Ltd.’s chief financial officer would help warm cooling economic and diplomatic ties between the two countries.
Ontario making bars and restaurants close earlier, shuts down strip clubs
Ontario is making bars and restaurants shut down earlier and is closing all strip clubs in a bid to curb rising COVID-19 rates in the province.
WestJet tells workers their pay will be cut by half due to wage subsidy changes
WestJet Airlines Ltd. is warning workers receiving the federal wage subsidy they will see their pay cut by up to 53 per cent starting Sunday.
Rogers sweetens offer for Cogeco with $3B Quebec investment pledge
Rogers Communications Inc. said Friday it will invest up to $3 billion in Quebec if the telecom giant is successful in acquiring rival Cogeco's Canadian assets.
BNN Bloomberg Advisor
How governments can ensure economic survival amid a COVID-19 surge
Some experts say all layers of government will need to take a different approach than they did in the spring to assist individuals and businesses if a full-blow second wave engulfs the country.
Time to get your financial house in order as CERB winds down: Pattie Lovett-Reid
CTV's Chief Financial Commentator Pattie Lovett-Reid looks at how to get your financial house in order as the CERB runs out.
RESP could be a child’s lifeline to a decent education as costs climb
Personal finance columnist Dale Jackson looks at the basics of RESPs as the new school year gets underway.
House prices will fall even if worst-case scenario averted: CMHC
Canada Mortgage and Housing Corporation President and CEO Evan Siddall is warning the domestic housing market isn’t out of the woods just yet.