TIME TO LEAN INTO THE CANADA SHORT
Why the 'tourist is doubling down on his Canada bear call (and what you can buy which might benefit)
Back in September, I wrote a piece suggesting it was time to get bearish on Canada.
I’m not a self-loathing Canadian who can only see the things we do wrong, but at the same time, I’m not blind to the macro forces driving global economies.
My bear case came down to:
Canada’s post-COVID fiscal stimulus (15.9% of GDP) was much less than America’s (25.4% of G…