This week we take an in-depth look at some of the predictions that came from 7 major Canadian financial institutions. We did the math and compared the predictions versus what is actually happening in the economy to see how close and how far off some of them are.
Key Points from this Episode:
(01:02): What is the study of economics really?
(02:52): Prediction of GDP vs. actuals
(03:52): Prediction of inflation vs. actuals
(04:44): The government is planning to bring the consumer price index down no matter the cost
(04:59): Predictions about the unemployment rate and what’s actually happening in the market
(06:30): What’s happening with the Bank of Canada rate?
(07:26): Interest rate hikes, how many should we expect?
(09:26): Will there be interest rate cuts?
(09:58): What are 10-year government bonds looking like?
(11:16): The Canadian dollar vs. the US dollar