Scotiabank's Cameco stock and rates rise

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Scotiabank's Cameco stock and rates rise

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 shifts, but the unique aspect of a bubble is that it's never too early to sell.

Matthieu Arseneau, an economist at National Bank, described a very weak survey by the Canadian Federation of Independent Businesses.

The latest inflation data was enough to raise eyebrows, and the Bank of Canada may be tempted to raise rates again, until the economy hasn't experienced the full impact of the rate hikes already implemented. It is hoped that Bank of Canada will be patient by considering the significant weakening of the economy and the tightening of financial conditions caused by higher global interest rates.

In 2023, Cameco is among the biggest domestic success stories, rising 81.0 per cent. Scotiabank analyst Orest Wowkodaw raised his target price on the stock to $70.00 today from $54.00.