Stock could see another 10% downside amid rising rates: Portfolio manager
Jean-Francois Tardif, founder and portfolio manager at Timelo Investment Management, joins BNN Bloomberg to discuss his market outlook. Tardif says his team has decreased their portfolio exposure to stocks to 20 per cent amid rate hikes. Tardif is also bearish on Canadian banks, noting higher mortgage rates could create some complications for them. He likes names like Restaurant Brands and MTY Food.