2024-05-29 12:18:05 ET
Summary
- Canada, while resilient, is showing less stubborn inflation with key disinflation in some parts of the consumer bucket.
- Trends in retail aren't too bad, and while there are some risks of growing supply, we think multifamily is mostly safe as well, benefiting iShares S&P/TSX Capped REIT Index ETF.
- Rates will be the key driver here, and we think there's a decent chance of cuts in Canada relative to a market like the U.S.
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For further details see:
XRE ETF: Cooling Food Prices May Do The Trick, Rents Rise