By nhoussaine-clareLast updated
By Serah Louis
December 25, 2024
Excerpt of article:
Stephen Johnston, a private equity manager and director at Omnigence Corp., predicted the economy will be subject to stagflation for at least the next decade, so Canadians need to pick investments that aren’t subject to poor growth dynamics.
“You’ve got a structurally weak currency, you’ve got very expensive housing, you’ve got (one of the) most indebted developed (economies) in the world,” he said.
Canada has the highest ratio of household debt to disposable income in the G7, at 185 per cent compared with an average of 125 per cent across all G7 countries, according to Statistics Canada.
Original article here