Tom was on Business News Network (BNN) on Friday talking about finding a balance between domestic and foreign investments (his Saturday Globe column focuses on the same topic). Canadian investors have an emphasis on Canadian securities, which has served them well over the last few years. But with the loonie nearing par, Canadian corporations are getting less competitive and the prices of foreign investments are becoming more attractive.
Throughout the interview Tom resists the temptation to make short-term currency or market calls, but near the end he falls off the wagon and makes some comments on the economy. It smacked of market timing. What was he thinking? Looks like we’ll have to make some time for media training this week.