A Happy New Year, or Maybe Not

The Week Ahead

January 3, 2017

We’re supposed to be in a joyous season, a time to wish everyone what the stock market appears to be anticipating: a happy new year. So forgive us if we focus five downside risks for Canada in the year ahead. Usually, what’s good for America is good for Canada, given the strong correlation between GDP growth rates in the two economies. But on several fronts, what’s cheering investor sentiment stateside would actually work against Canadian growth and corporate profits, or at least require an offset in a much weaker Canadian dollar.

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