Investment management firm C.F.G. Heward cautiously optimistic about the
Canadian economy in 2010
Moderate growth this year should place
Globally, C.F.G. Heward believes that the economy is showing signs of emerging from the deepest recession since World War II. However, the financial crisis of 2008-2009 has created long-term effects, perhaps most significantly: Reduced US consumer spending.
In
"Canadians have good reason to be optimistic about our economy heading into 2010 and it looks like we will do quite well compared to other leading industrialized nations," said Willem Hanskamp, Senior Vice President, C.F.G. Heward. "However, we also need to remain cautious. For starters, we would like to see international demand for our exports rise. And domestically, while low interest rates stimulate consumer spending, they also add risk to high household debt levels. Additionally, we expect increased merger and acquisition activity as companies will tend to buy growth rather than grow organically."
"In terms of advising our clients, we have identified five core investment themes for 2010: Favouring dividend growth companies; opportunities in the energy sector; opportunities in infrastructure and technology; global consumer stocks that benefit from ongoing growth in emerging markets; and, investment opportunities in basic materials, particularly gold. These themes complement C.F.G. Heward's long-standing investment style of favouring growth at a reasonable price with a value bias,"
To schedule an interview with Willem Hanskamp, please contact
About C.F.G. Heward
Since 1981, C.F.G. Heward Investment Management Ltd. has successfully offered global investment management and advisory services to its clientele. A privately-owned firm, C.F.G. Heward has approximately
For further information: Media: Mark Lowe, PRagmatic Communications, For C.F.G. Heward, (514) 499-9632, Mobile: (514) 576-2519, [email protected]
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