Top Performing U.S. Hedge Fund Is Shorting Canadian Banks As They Anticipate Major Recession
The Alex Pierson Show · 640 Toronto / Curiouscast
January 19, 201910m 59s
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Show Notes
Joining Alex for On Point is Lyle Stein, Managing Director, Senior Portfolio Manager - VestCap Investment, to talk about the Canadian economy. A top U.S. hedge fund is shorting Canadian banks because of the slowing housing market. They believe that a major recession could be on the rise. Every economy works as a cycle, so is Canada just in a downturn or are there more underlying issues?
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