Searching for a Bottom, Canada Stock Managers Eye 2016 Support
- Dividend stocks, luxury goods providers look cheap to some
- ‘Most of the downside is behind us,’ says Murray Wealth CEO
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A month into a rout that has lopped off about a third from Canadian stocks, money managers are gingerly stepping back into the market in the hope that a four-year low is the bottom.
Wild swings in the U.S. and Canada have triggered market-wide circuit breakers three times, with trading volume reaching a record high north of the border. Liquidity has vanished in many global markets, a bond rout is now underway and the Canadian dollar has plunged below 70 U.S. cents.