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Oh, Canada!

Released on Thursday, May 26, 2022ECONOMY
Global economic projections for 2022 continue to be revised lower for advanced and emerging economies, as well as Europe and the US, dragging Canada down with it. Canada's Real GDP is forecast to rise 3.7% this year, according to Action Economics, down from the 4.7% growth projected on 12/31/21. However, while the S&P 500 is down more than 18% year-to-date through May 19, the S&P/TSX Composite is off only 4.2%. In addition, despite paralleling the US economic undulations, the S&P/TSX 60's rolling five-year relative strength has finally begun to lift away from the minus-one standard deviation level that it has hugged since 2013. Should US investors sit up and take notice of our neighbors to the north? If so, where are the pockets of sector and stock opportunities? Sam Stovall, chief investment strategist of CFRA Research, and author of The Seven Rules of Wall Street, will discuss his Canadian sector rotation model and introduce investors to CFRA's stock reports on 58 Canadian-listed firms.

Sam Stovall
CFRA Research, Chief Investment Strategist

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