David Rosenberg, founder and president of Rosenberg Research, joins BNN Bloomberg for his reaction to Canada’s latest rate hike decision. Rosenberg adds investors should be focusing on what the BoC will say 6 months from now as the jobs market will be completely different. Here is a direct video link.

Recessions are a regularly recurring part of the business cycle and typically open up once-in-a-decade investment opportunities for those who can capitalize on the clearance sale prices they bring. It’s important to reiterate, however, that the largest equity drawdowns occur during recessions (blue bars below), not in the year before; #not there yet.