Tiff Macklem reflects on debt, lessons learned and why inflation 'messes up' competition — via financialpost
I read my correspondence regularly and it’s a pretty good thermometer of how Canadians are feeling. You can really see what’s foremost on Canadians’ minds.
There’s no question that household indebtedness is high. It’s not evenly distributed. Many households through the pandemic ended up saving money because they weren’t spending it on vacations or going out to restaurants. They saved that money. But, also, many Canadians were stuck at home. They wanted more space. We were all working at home. The kids were probably going to school at home. Recreation was all at home. People were looking for more space.
So, you can get a sense of how higher interest rates, how quickly or how slowly it will feed through and then what the cost of that is going to be. That’ll help you in getting an assessment of what the impact is going to be on their spending behaviour.Article content So, It’s not evenly distributed, but certainly for some Canadians it is providing somewhat of a buffer. Then you have to weigh that against how households in general are fairly highly indebted in Canada.Photo by Brent Lewin/BloombergLast question on debt.
We have been very surprised by the persistence, and the pervasive nature of supply shocks. These global supply networks, supply chains, they’re real marvels of logistics and system design, transportation, and as long as they work, we just take them for granted. But we’ve discovered they’re very tightly coupled, they’re complicated, and when one thing goes wrong the whole thing gets gummed up.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Did Volodymyr Zelenskyy’s Speech Before the U.S. Congress Win Over Kevin McCarthy and Republicans?In his first trip outside of Ukraine since Russia invaded, Zelenskyy made an impassioned plea in front of American lawmakers for more aid and weapons. Right-wing figures and media pundits made it clear they weren't interested in what the wartime president had to say.
Read more »
Kevin Smith Gives Promising Updates On His Next 5 MoviesFresh off of Clerks3's success, Kevin Smith has offered a very promising update on his next five movies, all of which will see him reunite with Lionsgate.
Read more »
Kevin de Leon moves forward on Skid Row’s $47.5M infrastructure funded by stateKevin de Leon announces huge $47.5M infrastructure for ignored Skid Row community – trees, sidewalks, bicycle paths.
Read more »
Kevin Smith Offers Updates on Next Five Movies, Including Moose Jaws and Mallrats 2Filmmaker KevinSmith reveals what his next five films will be, which includes a Mallrats sequel and MooseJaws.
Read more »
Steve Kerr Hopes Kevin Durant Will Play In 2024 OlympicsSteve Kerr Hopes Kevin Durant Will Play In 2024 Olympics - RealGM Wiretap
Read more »