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CA
Global uncertainty brings elevated risk of recession
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Investment Executive
Caution should be the watch word for Canadian investors in the current moment, says Corrado Tiralongo, chief investment officer with Canada Life Investment Management.
We believe that most likely the path is going to be a steady one [with] gradual reduction in rates.
“Rate cuts will help, but they won’t fully offset the weak exports and investment,” he said.
“We don’t see things being dire, but growth is slowing, and growth will remain low across the globe,” he said.
“This is not the time for investors to double down on risk.”* *This article is part of the Soundbites program, sponsored by Canada Life.