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September 23, 2019 | Canadian Economy Running on Empty

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

Canada has a low-household-savings, stagnant income, high debt, aging boomers, slowing economy problem.  The Bank of Canada will no doubt cut its policy rate soon but in present conditions, more consumer debt-stimulus will not help.  Pushing lines of credit and housing prices a little higher is not going to aid what’s binding here.  Doubling down on new technology–food, energy and transportation systems–while retrofitting our buildings and infrastructure are the best bet to lower friction costs and rejuvenate the economy.

Benjamin Tal, deputy chief economist of CIBC Capital Markets, explains on BNN Bloomberg. Here is a direct video link.

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September 23rd, 2019

Posted In: Juggling Dynamite

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