Q: Good afternoon,
US discretionary spending is indicted to rise with oil dropping, wmt is hitting new highs in anticipation. I consider a moderate risk investment in light of "new money" theoretically ready to deploy. What are your thoughts, where will Canadians spend if discretionary spending increases, will they payoff debt ( bad for banks), would they spend on credit with increased sentiment on repay ability (good for banks, magna, cineplex).. where would you invest in light of the economic change?
Thanks,
Eric
US discretionary spending is indicted to rise with oil dropping, wmt is hitting new highs in anticipation. I consider a moderate risk investment in light of "new money" theoretically ready to deploy. What are your thoughts, where will Canadians spend if discretionary spending increases, will they payoff debt ( bad for banks), would they spend on credit with increased sentiment on repay ability (good for banks, magna, cineplex).. where would you invest in light of the economic change?
Thanks,
Eric