BCA: A recession in Australia and Canada now more likely than not

BCA Research, the well renowned Canadian research house says "not only do Canada and Australia face the end of their own respective debt supercycles, but they must also reckon with the fallout from the end of the commodity supercycle. While cheaper currencies, favorable demographics, and strong banking systems will soften the blow, a recession in both economies is now more likely than not. Our Global Investment Strategy service advises that investors should underweight Canadian and Aussie equities and position for possible further policy easing from both the Bank of Canada and the Reserve Bank of Australia."