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As is a tradition in our club, today is the day for New Years Predictions in the realm of high finance and real estate. Sukhi introduced our stalwart speakers , Paul T Cody and Ryan Pollington. If they get it wrong, tarring and feathering is the usual punishment. Paul pulled up some real estate figures. Housing prices are down from Covid highs but not as much as I would have thought. There has been a slowing. It is now a buyers market. There is still lots of demand but changes in interest rates will have an effect. Ryan did the financial bit. Going into '23 it looked like a recession would happen. Markets were down, gas and food prices were up. But the recession never came. The stock market had a turbulent year but ended stronger. Interest rates came down. So for '24 the Canadian Economy is sputtering a bit ( as per usual), the labour market is tight, and the cost is still high. Population growth has modified the real estate correction. But the stock market is poised for a good year and we expect some economic growth in the second half of this year. Ryan considers AI stocks for long term investment goals. Young people with little or now income should use the Tax Free Saving Acc't . Patience and longtern perspective are more important than present market shenanigans. Vannessa thanked our speakers. 10 children will be subsequently immunized for polio. Life goes on. See you at the food bank next week. Beam me up Spock./ |
