More - Benjamin Tal Quotes

Oil has been driving up the Canadian dollar. Energy exports have boosted economic growth, and it continues to be bullish for the Canadian currency.

Benjamin Tal

 

Look for manufacturing employment to continue to decline in the coming quarters -- a clear negative for overall employment quality.

Benjamin Tal

 

Relying solely on real estate-based savings may be dangerous because this type of saving can be illiquid and selling a home can be an inconvenient and expensive transaction,

Benjamin Tal

 

Relying solely on real estate-based savings may be dangerous because this type of saving can be illiquid and selling a home can be an inconvenient and expensive transaction.

Benjamin Tal

 

A low quality job is better than no job whatsoever. But if many of these jobs don't pay very well, and they're not very stable, it means that in the next economic slowdown, we may see all of them disappear very quickly.

Benjamin Tal

 

When it comes to energy prices, we don't have much flexibility, we still have to drive, we still have to take the kids to (hockey), we still have to heat the house,

Benjamin Tal

 Energy Prices Flexibility

So I will not be surprised to see consumption of other items going down, like people taking less vacations, spending less on furniture, or any other items that are non-essential.

Benjamin Tal

 Vacation

People see what happened in Louisiana, and all the people over there that the government was not able to take care of.

Benjamin Tal

 Louisiana

Canadians of all age groups are not saving enough actively by putting money aside for a rainy day. How much savings is enough is a matter for debate, but most Canadian households would likely benefit from building a little nest egg.

Benjamin Tal

 Canadians Money

The practical implication of this environment is that young Canadians must start saving very early in their lives, compared to previous generations in order to realize the same inflation-adjusted return on their savings. Our findings suggest this is not happening.

Benjamin Tal

 Canadians Generations Inflation