Last week, the Bank of Canada increased interest rates by 100 basis points. The U.S., June CPI came in at a record 9.1% YoY. These numbers continue to imply that central banks need to be aggressive with their future rate hikes, which could arguably put the economy in a recession. We continue to focus on defensive sector stocks, namely healthcare. This week’s stock pick is CVS health It trades on NYSE: CVS, the current price is US$96.18. 📣Become a FREE SUBSCRIBER today at researchfrc.com ✅ We post stock picks every Monday 📈.