September 27, 2023

Cautious call on Canadian banks as mortgage risks rise: strategist

Phillip Colmar, managing partner and global strategist at MRB Partners, joins BNN Bloomberg to discuss how higher bond yields affect risk assets. Colmar says the Canadian economy is highly suseptible to higher rates and he warns about contradictory tendencies in house prices similar to what we saw in the U.S. in the late 2000s. He adds that housing concerns could lead international investors to target/short Canadian banks.

BNN Bloomberg Video