Author Archives: Danielle Park

As Canada’s manufacturing and oil sector shrunk over the last decade, real estate and residential construction became the economy’s largest sector accounting for 15% of GDP in 2019.  Low rates, lax lending and debt-enabling government policies helped Canadians to go … Continue reading →

Undersaved, over-levered households and businesses were overdue for a secular shift to more self-preserving financial management well before the pandemic hit.  Now, new research points out that COVID-19 may well solidify that behavioural shift for years hereafter and fuel deflationary … Continue reading →

Forced deleveraging and the oil crash are compounding the COVID-19 costs and hangover for Canada.  Manulife chief economist Frances Donald explains it well in this clip. Canada’s economy is far more vulnerable to COVID-19 shock than the U.S.: Manulife’s Donald.  … Continue reading →