Lorne Steinberg's Top Picks: November 1, 2022
BNN Bloomberg
Top picks from Lorne Steinberg, president, Lorne Steinberg Wealth Management
FOCUS: Global value stocks and high-yield bonds
MARKET OUTLOOK:
The aggressive rate hikes by the U.S. Federal Reserve and the Bank of Canada, while painful for borrowers, are achieving the desired result as economic activity is slowing. At the same time, the strength of the U.S. dollar is having a negative impact on U.S. corporate earnings, adding to investor pain.
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