Where will the Canadian dollar be in 2030? ...Middle East

The most-popular trade of 2023 was parking money in cash and cash equivalents: Money flooded into things like US dollar-denominated T-bills. As rates come down, much of that money will be looking for a new home. Where will it go?Let's assume this is the top of the rate cycle and you're sitting on a pile of USD cash. Your mandate is to invest for 2030, where do you go?A six-year Treasury still pays 3.65% so it's compelling but the Magnificent Seven are trading at high multiples, as is the US market in general. So you look abroad?Europe is cheap but it's tough to have confidence in its government. Some of the best investments in Europe in the past few years were hit by windfall taxes or at lea

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