David spoke at YPO Leadership conference and gave the strong message that he is looking for sustainability. For investors, the market is being driven by government stimulus. This is the reason he is a bear on the US equity market. Canada is different as it is financial and commodities only, so much less of a diverse market. Resources have driven up the value of the Canadian dollar.
Look for multinationals who can benefit from the weaker Canadian dollar - those with Chinese and Indian businesses.
Posted by Jacoline Loewen, author of Money Magnet. See Financial Post video interview.