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Workers are shown on the Centrum multivitamin packaging line at the Pfizer plant in Montreal, Thursday, July 12, 2012.
Workers are shown on the Centrum multivitamin packaging line at the Pfizer plant in Montreal, Thursday, July 12, 2012.
(Graham Hughes/The Canadian Press)

Sidestep economic risk with these market sectors

The Canadian equity market is dominated by banking and resource stocks, making household debt levels and global economic growth the biggest investment risks for domestic investors.

There may not be a Canadian credit or housing crisis. But consumer debt is at record levels with little room for expansion, which threatens bank profits due to limited credit growth and consumption, and the bloated housing and mortgage markets.