Tag Archives: GDP

As go home values, so goes the economy. But why?

Many agree with Bank of Canada governor Stephen Poloz when he says big-city house prices are too high. Even so, there are two different schools of thought—with wildly different outcomes—on how to handle the issue
By Ian McGugan
August 1st, 2016

Across the street from my family’s modest Toronto house, workers are building a condo tower. From Monday through Friday, the rumble of dump trucks and clank of bulldozers punctuates our breakfast. Mind you, we’re not unusual: the creaky clatter of … Continue reading

Posted in Economy, Handbook | Tagged , , , , , , , ,

Global economy down, but far from out

Regional gridlock and wobbles in China prompt legitimate fears. But when the two biggest inputs for business—money and energy—are as cheap as they are today, growth should prevail
By Ian McGugan
October 10th, 2015

Let’s acknowledge the obvious. With Canada at least technically in a recession, China slowing and Europe trapped in political gridlock, business leaders in this country have good reason to be worried about the outlook for the world economy over the … Continue reading

Posted in Economy, Top Stories | Tagged , , , , , ,

Is this all there is?

Some economists are calling low GDP growth the “new normal.” Before dismissing them, optimists should look carefully at what the numbers say about where we’ve been and where we’re going
By Ian McGugan
June 19th, 2013

We used to know what an economic recovery looked like. First would come a recession—usually short and sharp. Then a vigorous rebound would inevitably follow. GDP growth could be counted on to rocket past 5% a year as businesses and … Continue reading

Posted in Economy, Handbook | Tagged , , , ,

Hire your elders

As Canada’s population ages, we’re counting on more retired seniors buying more stuff to keep our economy moving. A better strategy: enable those seniors to work longer instead
By Ian McGugan
June 18th, 2012

When Tom Coughlin coached the New York Giants to a victory in the Super Bowl this past February, he also scored a victory for a much bigger team: the greying army of North American baby boomers that have hit or … Continue reading

Posted in Economy, Top Stories | Tagged , , , , , ,

We’ll always have China…right?

Despite the recent obsession with Europe’s financial crises and continued sluggishness in the U.S., there’s at least one more big worry out there—China. If its slowdown turns serious, the damage here will be extensive
By Ian McGugan
December 20th, 2011

China’s fastest growing exports are anxiety and skepticism. After years of seeing its collective wealth race ahead at a breakneck clip, the world’s most populous economy is hitting some speed bumps—and raising concerns about how severe its slowdown will be. … Continue reading

Posted in Economy, Top Stories | Tagged , , , , , ,