Scotiabank stock and a stock that could be top target

Scotiabank stock and a stock that could be top target

Daily roundup of research and analysis from The Globe and Mail's market strategist Scott Barlow.

It's never too early to sell a bubble: It can be difficult to time major market reversals and leadership changes, but the unique feature of a bubble is that it's never too early to sell.

National Bank economist Matthieu Arseneau published a very weak survey of the Canadian Federation of Independent Businesses.

The latest inflation data did raise eyebrows, and the Bank of Canada may be tempted to raise interest rates again, but the economy has yet to feel the full effect of the rate hikes already implemented. Let's hope that the Bank of Canada will be patient by considering the significant weakening of the economy and the tightening of financial conditions brought about by higher global interest rates, he said.

Cameco Inc. is among the biggest domestic success stories, rising 81.0 percent in 2023. Scotiabank analyst Orest Wowkodaw has raised his target price for the stock from $54.00 to $70.00.