{"id":408944,"date":"2010-03-09T11:36:00","date_gmt":"2010-03-09T16:36:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:405260"},"modified":"2010-03-09T11:36:00","modified_gmt":"2010-03-09T16:36:00","slug":"scotia-capital-stays-bullish-on-canada","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/408944","title":{"rendered":"Scotia Capital stays bullish on Canada"},"content":{"rendered":"<p>Northern Tiger.&nbsp; <\/p>\n<p>That&#39;s what Derek Holt, economist, Scotia Capital Markets, is calling Canada these days, thanks to a long list of strengths that continue to make investing here a solid opportunity.&nbsp; <\/p>\n<p>&quot;[The Canadian dollar&#39;s] 25% y\/y appreciation against the USD has generated stellar returns to those who can take the currency risk in their mandates, before even getting into the massive rally in risk-adjusted assets that occurred over this same time frame,&quot; he said in a note to clients. <\/p>\n<p>&quot;The case for over-weighting Canada is still compelling,&quot; he said in a note to clients.  <\/p>\n<p>Even after a 25% year-over-year appreciation in the Canadian dollar against the greenback and the massive rally in risk-adjusted assets over the same time frame, Mr. Holt said Canada continue to have much of what one would want in a global portfolio. <\/p>\n<p>He expects the Canadian dollar will strengthen further against the U.S. dollar and other world currencies. At the same time, it will remain the &quot;poster child&quot; for fiscal health over the next five year.&nbsp; <\/p>\n<p>Domestically, he expects corporate profits to rise in lockstep with the economic recovery and by 2012, he said Canada will &quot;have a virtually unbeatable global corporate tax regime.&quot; Meanwhile, he anticipates productivity to improve and rival the U.S. in the coming years. <\/p>\n<p>Other Canadian advantages cited by Mr. Holt include a best-in-class banking system, a relatively favourable regulatory environment, low political risk, and a highly educated workforce. <\/p>\n<p><a href=\"mailto:dpett@nationalpost.com%20\">David Pett<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=405260\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Northern Tiger.&nbsp; That&#39;s what Derek Holt, economist, Scotia Capital Markets, is calling Canada these days, thanks to a long list of strengths that continue to make investing here a solid opportunity.&nbsp; &quot;[The Canadian dollar&#39;s] 25% y\/y appreciation against the USD has generated stellar returns to those who can take the currency risk in their mandates, [&hellip;]<\/p>\n","protected":false},"author":4060,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-408944","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/408944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4060"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=408944"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/408944\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=408944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=408944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=408944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}