Why Interest Rates Won’t Likely Rise Much
This week I will be addressing the Manning Centre Conference in Ottawa on the topic of debt, demographics and the long-term implications for Canada. Having followed global financial markets for the past three decades, I’ve seen several bulls and bears. The one thing that has never changed in 30 years of ups and downs in equity markets is the disinflation trend and that on average interest rates have been declining. The essence of these secular long-term trends are demographics – what we collectively all do together to drive aggregate demand. – Read the full article online at The Globe and Mail here.