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Australian dollar punches above 73 line

The Australian dollar has posted strong gains for a second straight day. In the European session, AUD/USD is trading at 0.7338, up 0.65% on the day. We continue to see strong volatility from the Australian dollar. The currency started the week with a tumble of 1.44% but has recouped those gains and then some. AUD/USD […]

3 Primary Challenges while Designing Learning and Coaching Platforms

In today’s day and age where attention spans are dwindling, digital learning would be successful only if the user experience it offers is engaging and immersive. UX is a significant part of digital learning design, Read more

The post 3 Primary Challenges while Designing Learning and Coaching Platforms appeared first on ixBlog.

Agard Union Trading Reports on ‘Will Canadian Equities Reign in 2022’

Montreal, Canada, Mar 17, 2022 - (ACN Newswire) - Recently, Agard Union Trading has released a report on 'Will Canadian Equities Reign in 2022'. According to finance experts at Agard Union Trading, the Canadian stock market's robust performance last year is expected to continue, with rising interest rates positioning the TSX to outperform U.S. equities markets throughout 2022.

Prior to 2021, the S&P 500 outperformed the S&P/TSX Composite index in nine of the previous ten years. Last year, the S&P/TSX trailed the S&P 500 on a total return basis, but it beat the Dow Jones Industrial Average, the NASDAQ, and the Russell 2000.

"This time last year, our market intelligence team forecast that Canadian equities would finally outperform their U.S. peers, and now they are even more confident than ever," said Michael Woods, Agard Union Trading's longstanding Director of Sales & Trading. "The TSX is close to one standard deviation below its long-term average, while the S&P 500 still looks expensive at 20 times forward price-to-earnings," he added.

Over the last decade, U.S. tech giants have propelled growth and dominated the S&P 500, but that is now changing. The law of large numbers and the likelihood of increasing interest rates has made it difficult to sustain the previous impressive run.

The TSX, on the other hand, with its three key pillars of financials, energy and materials, is more cyclically balanced and more likely to profit from rising interest rates and post-pandemic economic recovery.

According to data gathered by Agard Union Trading, the Canadian energy sector has already made a strong comeback from its lows in 2020. Energy producers currently have record cash flows and are returning money to investors yet are still trading close to trough valuation. In addition, a strong rebound in employment has been aided by Canada's vaccination rate and lower death rate, and immigration is also expected to increase growth over the coming year.

"We believe the TSX is exceptionally well-positioned to reign over U.S. equities this year. However, we still expect a challenging environment for equities moving forward. As a result, we are recommending our clients shift out of growth sectors of the market that have thrived during pandemic lockdowns, technology being the foremost among them, into cyclical, value-oriented sectors such as resources and financials where there is more room to run", added Michael Woods.

About Agard Union Trading

Agard Union Trading is a financial services company, our objective is to help you get the most out of every investment while allowing you to plan for the future, comfortable in the knowledge that your assets are growing and protected. For more information, visit our website at: https://www.autventures.com/

Press Contact
Mr. Francis Taylor, Head of Securities Analytics
+1 438 795 9150, francis.taylor@autventures.com
21F Place Du Canada, 1010 Rue De La Gauchetiere,
Montreal, Quebec, H3B 2N2, Canada

SOURCE: Agard Union Trading



Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

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Banking Giant HSBC Partners With The Sandbox in Move to The Metaverse

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Bioceres Crop Solutions and Marrone Bio Announce Merger Agreement

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The post Bioceres Crop Solutions and Marrone Bio Announce Merger Agreement appeared first on Fintech News.

A Sneak Peek at the Ambitious New Action RPG, Tower of Fantasy

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Aperture Education CEO Jessica Adamson Named Board Treasurer of SEL Providers Association

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ConsenSys to buy more Ether, revamp MetaMask with $450M raise

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Ingest data from Snowflake to Amazon S3 using AWS Glue Marketplace Connectors

In today’s complex business landscape, organizations are challenged to consume from variety of sources and keep up with data that pours in all through the day. There is a demand to design applications that enables data to be portable across cloud platforms and give them the ability to derive insights from one or more data […]

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