The Case for Going Long Canadian Stocks in Any Brexit Outcome
- S&P/TSX may fall as much as 12% or jump 8% depending on vote
- Cheap bullish options on Canada stocks a buying opportunity
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Whether Britons vote to leave the European Union or agree to stay, Manulife Asset Management fund manager Steve Belisle plans to be a buyer in the Canadian stock market.
The bigger question at the moment is what he will be buying -- energy stocks in an exit or the big banks if the U.K. votes to stay.