( Ben NelmsBloomberg News )“We’re playing defence now to play offence later,” Devlin said. He also thinks inflation-linked bonds in Canada are attractively priced, and is avoiding consumer-oriented securities like credit cards and non-insured mortgages. More business investment is necessary to keep the economy healthy, but Devlin expressed doubt that the transition will go smoothly. “Central bankers, including the Bank of Canada, are downplaying inflation risk,” he said. The new trilateral trade pact among Canada, the U.S. and Mexico has removed some risk from Canada’s economy but it’s not ratified yet, Devlin cautioned.

Source: thestar October 03, 2018 18:19 UTC