Expect a slightly positive reaction to debt ceiling deal
Denis Taillefer, Senior Portfolio Manager at Caldwell Investment Management, tells BNN Bloomberg that the markets had already priced in a debt ceiling deal of sorts, but they would react more positively if it provided stability over the next two years or more. He expects Canadian GDP in Q2 may decline due to the federal workers’ strike. He also explains why he likes Costco (COST NASDAQ) at present.
