U.S. Fed has been excessively communicative, messaging will be crucial going forward: BMO's Belski
Brian Belski, chief market strategist at BMO, joins BNN Bloomberg to talk about his market outlook amid the collapse of Silicon Valley Bank. Belski says Canadian banks are strong stewards of capital on a global scale and the worst thing an investor can do is treat all financials the same. He also says he thinks the likelihood of a 50 basis point rate hike at the next U.S. Fed meeting is relatively low.