David Rosenberg of Gluskin Sheff + Associates is part of this year's Wealth Professional Canada's Hot List.
GLUSKIN SHEFF + ASSOCIATES
There’s no shortage of advisors, PMs, economists and CEOs in Canada who start their work day with David Rosenberg’s Breakfast with Dave newsletter. As chief economist with Gluskin Sheff + Associates, his daily economic update is required reading for those trying to make sense of both the markets and the wider economy.
Recently, Rosenberg sounded the alarm as the yield on the 10-year treasury note moved above 3%. “The rise in inflationary expectations is purely cost-push in nature and, as such, is beginning to crimp lofty profit margins,” he said. “Only the most obtuse cannot see we are in a mild form of stagflation, and this is very rarely beneficial for financial assets writ large.”