The practice of passive portfolio management is supported by portfolio management is supported by while the practice of active Capital market is efficient; capital market is efficient Capital market is efficient; capital market is not efficient Capital market is not efficient; capital market is not efficient; Capital market is not efficient; capital market is efficient; Question 15 (1.667 points) Which one of the following factors is irrelevant in explaining portfolio returns in Canada using a multifactor asset pricing framework? Oil price is expected to reach $60 per barrel next year. The interest rates implied by 10-year bonds issued by Canadian Government Prime rate of Bank of Canada is set at 1% The exchange rate Canadian Tire Inc. is expecting sales growth in next year