Path forward for Canada's economy: panel
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- čas přidán 7. 09. 2024
- David Wolf, portfolio manager at Fidelity Investments and former Bank of Canada advisor, Christine Tan, portfolio manager of SLGI Asset Management, and Earl Davis, head of fixed income and money markets at BMO Global Asset Management, joins BNN Bloomberg and discusses the path forward for Canada's economy.
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I recognize the hardships that come with economic struggles like unemployment, job loss, inflation, housing market instability, political uncertainties, and the global impact of conflicts and wars. Making ends meet during such times can be incredibly challenging. To navigate this difficult period, considering alternative job prospects, enhancing skills through online courses, and expanding your network can heighten the chances of securing employment. Moreover, prudent budgeting, exploring available financial aid programs, and seeking assistance from community organizations can offer some relief. How are you currently tackling these challenges? Have you implemented any specific strategies to cope?
In my opinion, now is not the moment to rely on hearsay. Every individual, regardless of their level of experience as an investor OR in a financial market, requires guidance at some stage.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
Good segment to listen to while taking a dump.
I use to do that but that's how you get hemorrhoids
Path for Canadian economy is straight to the dump 🤣🤣🤣🤣
All we need to do is devalue our currency, increase exports and immigration, and a higher carbon tax.
Thank you prime minister fancy hairdo.
@@LeeLee-BB Boomers are the ones who are retired...they should tax those deadbeats through the roof.
Great to see a DEI panel, two poc and a gay.
you sad, sad little man. Who hurt you?
@@stephen9609 the real question that should be asked is who hurt you ?? And at what age ?
@@DolfSmitler I'm hurt because I'm ok with a black man and asian woman on a panel? Okay buddy... keep telling yourself its others who have the problem and not you
@@stephen9609celebrate diversity you fringe minority with unacceptable views.
@@stephen9609thank you for your social justice 🙏, we'll be sending you a medal 🎖️
Sectors in Canada worth investing in now is export driven commodities traded in usd. Mining, oil and especially lng pipelines. Telecom is the most doomed sector in Canada imho
I’m down $137k this year, scared my bank or brokerage will fail. Savings are dwindling due to high prices and debt.
Government stimulus helped Americans save, but I don't expect this trend to continue.
Pandemic savings are gone for middle and low-income families. My trading skills need improvement.
Desiree Ruth Hoffman, my market strategist, says the S&P 500's drop clears a path for a rally. She’s a great resource.
Who is Desiree Ruth Hoffman? We need help organizing our finances for next year.
Plan properly or consult a seasoned professional with a good track record like Desiree.
excellent move buying gov bonds when they are bankrupt do you have a business card
They aren’t even a real country anyway 🇨🇦
Forward to the same. . . stay with the Banks.
🍿 😂❤
Give 2 pipelines
What do workers need to be productive? Good tools help. But people want real time off to look forward too. Germany and France are far more productive than even many in the united states and get 5 weeks minimum or so off. Unlocking that missing 30 percent of productivity is not hard. Just give employees proper time off for a vacation after their hard work! Employees dont care about tax cuts or regulations, they just want some enjoyment in their lives. Employees are only young and healthy once, let them enjoy it and receive the productivity in return. They dont want to be 65 in the hospital having done only work their whole life. Just my opinion.
Productivity has nothing really to do with workers per se . It’s the business or corporations who invest in the employees. The USA is 72 percent more productive. They invest in their employees. Canada can’t be productive when it’s basically oligarchs and monopolies-sighted by the BOC . Also when like 45-50 percent of the GDP is propped up by housing instead of loaning to businesses it causes a problem, also the other half of the gdp can be described by an economic term “population trap “ all a person can do is move their money to another country, vote responsibly and even that really doesn’t matter at this point unless you are an investor.
😊
Gics are terrible mutual funds are better
😂 stock markets at all time high with nobody can buy a dozen eggs. I'm all GIC at 5 percent.