While inflation in Canada gradually trends downward, interest rates remain high in the face of an unexpectedly hot economy. Meanwhile, layoffs in the tech sector and ongoing geopolitical concerns continue to fuel worry about a coming recession.
In their latest webinar, Osler Special Advisor and former Governor of the Bank of Canada Stephen Poloz and Osler National Co-Chair Shahir Guindi explored these and other recent economic developments, with an eye to what Canadians can expect for the rest of the year.
Topics discussed during their conversation include
- Canada’s surprising continued economic growth and the pressure on the Bank of Canada to continue raising interest rates
- consumer spending and household debt levels
- the effect of Canada’s aging population on wage growth
- how immigration contributes to economic growth and the floor of Canada’s housing markets
- how climate change — especially this summer’s wildfires — could affect the economy
Stephen’s unique experience and keen insights on complex economic and market forces make this essential viewing for business professionals and investors.
