Please participate in this AdvisorAnalyst Poll -
Are we in the midst of a bull market rally or bear market rally?
What do you believe is Canada's immediate economic risk?
When the Poll is complete it will remain published on the right hand side of sites pages.
Poll
Neither...
It is a bear market recovery and the start of a long term bull market.
Lyle Atkins CFP, RFP
Investment Counsel
Lyle,
That puts the argument to bed. I'd like to know if there is any precedent to that. That would be an interesting discussion.
Pierre Daillie
AdvisorAnalyst
I believe Canada's immediate economic risk is the slowdown in consumer spending growth in the industrialized nations due to demographics (aging Boomers). I feel this will lead to low or no inflation, possibly mild deflation, and the same with GDP growth.
Dear Andrew,
Your assessment is well thought out. Thanks for sharing that. It appears that a majority of advisors about 70% or so believe there is an immediate risk of deflationary concerns coming, and that is most likely precipitated by our strong dollar, and what you cited, as far as declining consumption from boomers - demographics are playing a more significant role in economic outlook, at least in the long term scenarios.
Thanks again,
Pierre Daillie