Forget bubbles, Canada has a housing affordability crisis: Frances Donald

Episode 98 of Down to Business podcast

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Canada is in the throes of a painful third wave of coronavirus pandemic, but with the vaccination campaign picking up speed, economists are starting to look ahead.
This week on Down to Business, Frances Donald, global chief economist at Manuflife Investment Management, spoke about a recent report she authored on the economic outlook for Canada.

Donald said that the economy may emerge from the pandemic in decent shape, but that Canada still needs to address structural problems that are holding it back, such as the lack of affordable housing, or the lack of childcare.

She also said that it’s important for the Canadian government to examine how it thinks about debt: With historically low interest rates, it’s important to invest in infrastructure and other services that can propel the economy in the years ahead.

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