Stay away from Canadian banks on housing and household debt bubbles: strategist
As investors anticipate rate cuts in 2024. Phillip Colmar, managing partner and global strategist at MRB Partners, warns about levels of debt in Canada. He adds time will work against the Canadian economy if mortgage rates do not fall sharply. A crisis is already building and will escalate next year. He likes U.S. banks, health care, defence and aerospace. Subscribe to BNN Bloomberg to watch more videos: https://www.youtube.com/BNNBloomberg Connect with BNN Bloomberg: For the latest news visit: https://www.bnnbloomberg.ca For a full video offering visit BNN Bloomberg: https://www.bnnbloomberg.ca/video BNN Bloomberg on Facebook: https://www.facebook.com/BNNBloomberg BNN Bloomberg on Twitter: https://twitter.com/bnnbloomberg BNN Bloomberg on Instagram: https://www.instagram.com/bnnbloomberg BNN Bloomberg on LinkedIn: https://www.linkedin.com/company/bnn-bloomberg -- BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.
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Channel: BNN Bloomberg
As investors anticipate rate cuts in 2024. Phillip Colmar, managing partner and global strategist at MRB Partners, warns about levels of debt in Canada. He adds time will work against the Canadian economy if mortgage rates do not fall sharply. A crisis is already building and will escalate next year. He likes U.S. banks, health care, defence and aerospace.
Subscribe to BNN Bloomberg to watch more videos: https://www.youtube.com/BNNBloomberg
Connect with BNN Bloomberg:
For the latest news visit: https://www.bnnbloomberg.ca
For a full video offering visit BNN Bloomberg: https://www.bnnbloomberg.ca/video
BNN Bloomberg on Facebook: https://www.facebook.com/BNNBloomberg
BNN Bloomberg on Twitter: https://twitter.com/bnnbloomberg
BNN Bloomberg on Instagram: https://www.instagram.com/bnnbloomberg
BNN Bloomberg on LinkedIn: https://www.linkedin.com/company/bnn-bloomberg
--
BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.
Video length: 8:04
Category: News & Politics
134 comments
Channel: BNN Bloomberg
As investors anticipate rate cuts in 2024. Phillip Colmar, managing partner and global strategist at MRB Partners, warns about levels of debt in Canada. He adds time will work against the Canadian economy if mortgage rates do not fall sharply. A crisis is already building and will escalate next year. He likes U.S. banks, health care, defence and aerospace.
Subscribe to BNN Bloomberg to watch more videos: https://www.youtube.com/BNNBloomberg
Connect with BNN Bloomberg:
For the latest news visit: https://www.bnnbloomberg.ca
For a full video offering visit BNN Bloomberg: https://www.bnnbloomberg.ca/video
BNN Bloomberg on Facebook: https://www.facebook.com/BNNBloomberg
BNN Bloomberg on Twitter: https://twitter.com/bnnbloomberg
BNN Bloomberg on Instagram: https://www.instagram.com/bnnbloomberg
BNN Bloomberg on LinkedIn: https://www.linkedin.com/company/bnn-bloomberg
--
BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.
Video length: 8:04
Category: News & Politics
134 comments
