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"Canada's business cycle bounce appears to have run its course," says BAML's Neil Dutta,...

"Canada's business cycle bounce appears to have run its course," says BAML's Neil Dutta, expecting recent strong macro data to become less so. He takes note of the country's curious terms of trade hit - its eastern half importing expensive Brent crude, while the west exports cheaper WTI. Bottom line: Reduce exposure to Canadian risk assets and increase holdings of fixed income.
Comments (1)
  • They are looking at converting the underused Transcanada natural gas pipeline to an oil pipeline which could move Alberta's oil to eastern Canada and pretty much eliminate the need to import oil.

     

    Long various Canadian equities.
    15 May 2012, 02:45 PM Reply Like
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