Financial services company Canada Asset Management Group Limited has recently posted a financial report on its economic outlook next year from its leading financial analysts.
HONG KONG / ACCESSWIRE / October 21, 2022 / Leading financial services company, Canada Asset Management Group Limited, has recently commented on the inflation hikes that is taking place across major developed economies. Key analysts and research experts from the company have outlined how they can see a positive outlook for the near future.
According to the latest figures, Canada’s inflation rate is 6.9% higher in September than in the last twelve months. These figures are higher than expected from initial data, which has raised expectations that the Bank of Canada will continue to raise interest rates.
The Bank of Canada raising its policy rate by three hundred basis points since February and with an additional hike of an extended 75 basis points expected next week to counter inflation pressures.
“As a result of the Bank of Canada taking the necessary precautions to lower the rate of inflation. As a result of these efforts, we have seen a vast number of stocks being heavily oversold and making them buying opportunities for long term holds. Around 76% of our retail clients are actively purchasing equities as of a result.” Commented Mr. Peter Jennings, Chief Trading Director at Canada Asset Management Group Limited.
The Canadian dollar rallied against its U.S. counterpart as commodity prices have gained this week. Canada’s primary oil exports have played a significant role with tighter supplies and news that China is considering abolishing the duration of quarantine for inbound visitors to the country.
“With a push for more international visitors to the country by lifting the restrictions, higher demand for Oil will be essential to sustain its economy. We have seen other asset classes such as commodities being an active choice for our clients portfolio this year and will see this trend continue into 2023.” Added Mr. Dominic Rizzo, Investment Strategies Director at Canada Asset Management Group Limited.
About Canada Asset Management Group Limited
Canada Asset Management Group Limited has been providing asset management services over the past nine years from its headquarters located in Hong Kong. As an international securities company, the company focuses on diversified cross-border asset management services, investment consulting services, and one-stop fund and personal wealth management services.
The company is to become one of the leading asset management firms that provide a variety of products and premier services. For more information on Canada Asset Management Group Limited service, please visit: https://www.canadaassetmanagement.com
Public Relations Contact
Mr. Andre Palmovka, Communications Director
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Telephone: +852 580 326 28
Website: www.canadaassetmanagement.com
Headquarters – Taikoo Place Berkshire House,
25 Westlands Road, Quarry Bay, Hong Kong.
SOURCE: Canada Asset Management Group Limited
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