As interest rates remain elevated in the Bank of Canada's fight against inflation, businesses and families are feeling the pinch. Though growth is flat and unemployment is low, per-capita consumption spending is falling and many are anxious about the possibility of a recession.
Osler Special Advisor and former Governor of the Bank of Canada Stephen Poloz and National Co-Chair Maureen Killoran explored these and other economic stories in their first quarterly webinar of 2024.
Topics discussed during their conversation include
- the Canadian investment climate
- the wide range of potential outcomes the Bank of Canada is watching for
- how strong oil prices and government spending are holding up the economy
- rising business insolvencies
- the expected impacts of the Trans Mountain Pipeline, electrification and other long-term investments
- the anticipated effect of artificial intelligence on the labour market, as the country faces a worker shortage
Stephen's unique experience and keen insights on complex economic and market forces make this essential viewing for business professionals and investors.
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