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December 8, 2022 | Rosenberg: 2023 outlook

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

David Rosenberg, founder and president of Rosenberg Research, joins BNN Bloomberg to discuss his outlook for the Canadian economy amid rising rates. Rosenberg says the Canadian economy will receive the payback from the BoC’s tightening cycle, and he expects a recession to occur next year. Furthermore,Rosenberg adds the BoC could be forced to cut rates in the second half of 2023. He also says there could be a diverge between the BoC and the Fed upcoming rate decisions as the Canadian household balance sheets more stretched than the U.S. household balance sheets. Here is a direct video link.

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December 8th, 2022

Posted In: Juggling Dynamite

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