You should be bearish on Canadian stocks this year, reports the National Post.
The strong performance that is dominating the Canadian market so far in 2014 won’t last long, says Brian Belski, chief investment strategist at BMO Capital Markets.
He says the fundamentals just aren’t there to support the recent 5.6% gain of the S&P/TSX Composite index. He thinks there will be a 5% decline.
But, he says there are two safe sectors to sock away investments: financials and industrials.
Read more here.