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.

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.

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.

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

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,

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.