{"id":50324,"date":"2024-09-13T12:00:28","date_gmt":"2024-09-13T12:00:28","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/09\/13\/interest-rate-cuts-justin-trudeau-key-to-canadian-ceo-outlook\/"},"modified":"2024-09-13T12:00:28","modified_gmt":"2024-09-13T12:00:28","slug":"interest-rate-cuts-justin-trudeau-key-to-canadian-ceo-outlook","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/09\/13\/interest-rate-cuts-justin-trudeau-key-to-canadian-ceo-outlook\/","title":{"rendered":"Interest rate cuts, Justin Trudeau key to Canadian CEO outlook"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">News<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">Those are the conditions many business leaders are attaching to an improved outlook for 2025<\/p>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Sep 13, 2024<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 11\u00a0minutes ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">4 minute read<\/span><\/p>\n<div class=\"article-meta__bottom\">\n<div class=\"bookmark-wrapper\">\n<div class=\"popover\" data-aqa=\"popover\" data-click-to-appear=\"True\" data-container=\"\" data-container-offset=\"\" data-no-style=\"\" data-popover-component=\"\" data-position=\"top\" data-sticky=\"\" data-tail-offset=\"200\" data-tail-position=\"right\"><button class=\"popover__trigger bookmark-button\"><span class=\"save-article-button save-article-button--default\" title=\"Save article\" data-article-id=\"11f59931-7e4a-47d2-a5a1-49bebc7816df\" data-evt-skip-click=\"true\"\/><\/button><\/p>\n<div aria-describedby=\"popover-desc-popover-bookmark\" class=\"popover__content\" hidden=\"\" role=\"dialog\">\n<div class=\"popover__content__wrapper\">\n<div class=\"popover__content__text\" id=\"popover-desc-popover-bookmark\">\n<div class=\"bookmark__popover__content\">\n<p>You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<p><button class=\"popover__content__close\" data-evt-skip-click=\"true\" title=\"Close\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewbox=\"0 0 12 12\" class=\"icon--close\" height=\"12\" version=\"1.1\" width=\"12\"><polygon points=\"12 0.95 11.05 0 6 5.05 0.95 0 0 0.95 5.05 6 0 11.05 0.95 12 6 6.95 11.05 12 12 11.05 6.95 6\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/macklem-trudeau-gs0912.png?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=webp&amp;sig=ZDnedqUWEaNaCB5eBfqSYA,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/macklem-trudeau-gs0912.png?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=webp&amp;sig=5fXZ8WCS34Fn0DpELDXLQQ 2x\" type=\"image\/webp\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/macklem-trudeau-gs0912.png?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=jpg&amp;sig=oyd6KSEEs9CYWQahps01PQ,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/macklem-trudeau-gs0912.png?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=jpg&amp;sig=ePjwkK4TmwCFZy2drUQe1Q 2x\" type=\"image\/jpeg\"><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/macklem-trudeau-gs0912.png?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=webp&amp;sig=RznkTTBZeofFueVkCobgig,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/macklem-trudeau-gs0912.png?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=webp&amp;sig=PgLM3BgjcDuMAkrl1rk4tw 2x\" type=\"image\/webp\"><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/macklem-trudeau-gs0912.png?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=jpg&amp;sig=cYlrGBbOb4D_yxB4bGGIzg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/macklem-trudeau-gs0912.png?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=jpg&amp;sig=dVSFUKOroVV42eI4T519cQ 2x\" type=\"image\/jpeg\"><source media=\"(max-width: 767px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/macklem-trudeau-gs0912.png?quality=90&amp;strip=all&amp;w=288&amp;h=216&amp;type=webp&amp;sig=W0B7FHensqJiB6N2s6MFKQ,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/macklem-trudeau-gs0912.png?quality=90&amp;strip=all&amp;w=576&amp;h=432&amp;type=webp&amp;sig=y1WLH_TXgz4hu4fmdGO0lw 2x\" type=\"image\/webp\"><\/source><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">Bank of Canada governor Tiff Macklem needs to keep cutting interest rates and Prime Minister Justin Trudeau needs to go, a survey of Canada&#8217;s CEOs found.<\/span> <span class=\"credit\">Photo by Azin Ghaffari, Kent Nishimura<\/span> \/<span class=\"distributor\">Postmedia, Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<figure class=\"embedded-image\" data-aqa=\"embed-image\"><picture class=\"embedded-image__ratio\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/01\/fp-posthaste-LOGO-01132023.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=webp&amp;sig=6lLqOxMPWrqdT6faIWDm6w,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/01\/fp-posthaste-LOGO-01132023.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=webp&amp;sig=n-qKTtcvVFBRTZzMHFb2pA 2x\" media=\"(min-width: 1200px)\" srcset=\"data:,1w\" type=\"image\/webp\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/01\/fp-posthaste-LOGO-01132023.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=jpg&amp;sig=BKFnr_P1Bw7Q4XWG_Up3GQ,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/01\/fp-posthaste-LOGO-01132023.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=jpg&amp;sig=GTjg1JD8glfowCEvrg7zTg 2x\" media=\"(min-width: 1200px)\" srcset=\"data:,1w\" type=\"image\/jpeg\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/01\/fp-posthaste-LOGO-01132023.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=webp&amp;sig=9kNx8K5TtrrlWGwYyxucxQ,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/01\/fp-posthaste-LOGO-01132023.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=webp&amp;sig=tHeomvOxi6gManmKhWorsQ 2x\" media=\"(min-width: 768px)\" srcset=\"data:,1w\" type=\"image\/webp\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/01\/fp-posthaste-LOGO-01132023.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=jpg&amp;sig=nL0azXVy5fYIkpc6I50wAw,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/01\/fp-posthaste-LOGO-01132023.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=jpg&amp;sig=tktJVw7wfmOs0qSsEBIa5w 2x\" media=\"(min-width: 768px)\" srcset=\"data:,1w\" type=\"image\/jpeg\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/01\/fp-posthaste-LOGO-01132023.jpg?quality=90&amp;strip=all&amp;w=288&amp;type=webp&amp;sig=YxfTvFOWkhsACWs7r_8MkA,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/01\/fp-posthaste-LOGO-01132023.jpg?quality=90&amp;strip=all&amp;w=576&amp;type=webp&amp;sig=TcF-YBUk1AWMm-zyN3Pu_g 2x\" media=\"(max-width: 767px)\" srcset=\"data:,1w\" type=\"image\/webp\"><img decoding=\"async\" class=\"embedded-image__image lazyload\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/01\/fp-posthaste-LOGO-01132023.jpg?quality=90&amp;strip=all&amp;w=288&amp;sig=hKuq-wskY5lKlkFQgM-QTg\" data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/01\/fp-posthaste-LOGO-01132023.jpg?quality=90&amp;strip=all&amp;w=288&amp;sig=hKuq-wskY5lKlkFQgM-QTg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/01\/fp-posthaste-LOGO-01132023.jpg?quality=90&amp;strip=all&amp;w=576&amp;sig=tP-X7ZqT8GHw4xLHdd3KpA 2x\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/01\/fp-posthaste-LOGO-01132023.jpg?quality=5&amp;strip=all&amp;w=100&amp;sig=EcCPhKPRlZdph65uTZxLMA\" alt=\"\" height=\"320\" loading=\"lazy\" width=\"760\"\/><\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\n<p data-async=\"\">Lower interest rates and the defeat of Justin Trudeau\u2018s Liberals: those are the conditions many Canadian CEOs are attaching to an improved business outlook for 2025, according to a new survey.<\/p>\n<p data-async=\"\">The inaugural poll by research and leadership company Chief Executive Group LLC said 42 per cent of the 300 Canadian C-suite leaders surveyed expect business conditions to improve 12 months from now as inflation continues to slow and the Bank of Canada carries on implementing interest rate cuts that have already brought rates down to 4.25 per cent from an almost two-decade high of five per cent.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment7972945813390658108271782854131712\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" 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articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"identity-screen m-x-0 p-x-0 col-xs-12 col-md-6 flex-justify-center flex-align-center\" aria-live=\"assertive\">\n<section class=\"sail\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-sailthru-personalization-engine=\"\" data-sailthru-personalization-engine-component=\"\"\/>\n<div class=\"m-x-0 p-x-0 col-xs-12 col-sm-6 col-md-12 flex-align-justify-center\" data-auth-component=\"\" id=\"auth-screen-form\">\n<div class=\"identity-screen-form--active w-full flex-align-justify-center\">\n<div class=\"identity-screen-form identity-screen__content w-full\">\n<h2 class=\"blocker-title\">Sign In or Create an Account<\/h2>\n<p><span class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Leaders currently rate business conditions at 5.9 on a scale of one to 10, where one is poor and 10 is excellent, according to the company\u2019s Canadian CEO Confidence Index. Looking to next year, 42 per cent have upgraded their outlook for business conditions to 6.3, while 40 per cent said they expect business conditions to remain the same.<\/p>\n<p>However, central to many leaders\u2019 hopes for improved business conditions is an election to sweep out Trudeau and bring in a new government, one \u201cthat many said would hopefully go to a party that can better support businesses,\u201d a company\u2019s news release said.<\/p>\n<p>An federal election in Canada is scheduled to be held by October 2025, at the latest. However, the end of the supply and confidence agreement between the LIberals and the New Democratic Party means one could come sooner.<\/p>\n<p>Despite what many executives perceive as \u201cchallenging conditions\u201d for business, 72 per cent said they expect revenue to rise over the next 12 months, while 63 per cent said they are also forecasting high profits.<\/p>\n<p>\u201cWhen it comes to hiring and deploying cash, however, those numbers drop,\u201d the release said.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot20 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page fp-execsummary background--primary-light-gradient\" aria-labelledby=\"FinancialPostPosthaste8020662016869965076157837430751232\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_ExecSummary\" data-widget=\"newsletter\">\n<div class=\"newsletter-new-story-page-template\">\n<div class=\"newsletter-widget__header__new-story-page\">\n<div class=\"newsletter-widget__banner__new-story-page\"><img decoding=\"async\" alt=\"Posthaste\" loading=\"lazy\" src=\"https:\/\/dcs-static.gprod.postmedia.digital\/16.9.2\/websites\/images\/newsletters\/icon-fp-posthaste.svg\"\/><\/div>\n<div>\n<p>Posthaste<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.<\/p>\n<\/div>\n<\/div>\n<div class=\"newsletter-widget__body__new-story-page\">\n<div class=\"js-replace-main__new-story-page\">\n<p class=\"newsletter-widget__disclaimer__new-story-page text-size--tiny\">By signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_ExecSummary\">\n<p>Thanks for signing up!<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">A welcome email is on its way. If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text__new-story-page newsletter__feedback--last\">The next issue of Posthaste will soon be in your inbox.<\/p>\n<\/div>\n<p class=\"newsletter-widget__text__new-story-page js-submit-error\" style=\"margin-top: 8px\" hidden=\"\" id=\"submitErrorFP_ExecSummary\">We encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment5452502007599749208836471183638528\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Just under half the executives said they plan to hire more and spend more on capital.<\/p>\n<p>On a sector basis, leaders in forestry and agriculture and financial and professional services have a less optimistic outlook for 2025, with their forecast coming in five per cent below the cross-sector average.<\/p>\n<p data-async=\"\">CEOs in those sectors cited concerns ranging from a weak Canadian dollar to uncertainty around the United States presidential election to \u2014 again \u2014 Trudeau.<\/p>\n<p>\u201cWe are losing talent to the U.S.,\u201d the release quoted one CEO as saying. \u201cIt takes too long to get things approved in Canada.\u201d<\/p>\n<p>A CEO in finance said, \u201c(The) Liberal government is really harming business. I\u2019m optimistic we\u2019ll have an election before this time next year to help bring things back on track.\u201d<\/p>\n<p>Another CEO was quoted as saying, \u201cOverall, worldwide uncertainty is creeping into the rhetoric.\u201d<\/p>\n<p>Tech CEOs, on the other hand, are more optimistic about business conditions.<\/p>\n<p><span data-contrast=\"auto\">\u201cFor the past three years, we have observed companies hesitating to make significant decisions due to the recession,\u201d one tech CEO said. \u201cHowever, we now sense that organizations are eager to digitize and optimize their processes and are ready to move forward.\u201d<\/span><span data-ccp-props=\"{\"><br \/><\/span><\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment3270806458118690096853231530409984\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>On a regional basis, the survey found CEOs in the Prairies are the most optimistic, rating business conditions for next year at 6.52 on the confidence index, up from a current ranking of 6.28, and just ahead of the West and British Columbia at 6.43 \u2014 up from 5.84. Ontario and Quebec CEOs were at 6.01 on the index, up from 5.66, while those in the Atlantic provinces dropped their rating for next year to 4.43 from five this year.<\/p>\n<hr\/>\n<p data-async=\"\"><em><strong>\u00a0Sign up here to get Posthaste delivered straight to your inbox.<\/strong><\/em><\/p>\n<hr\/>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1758646\" alt=\"\" height=\"114\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2019\/02\/subhead_leading.png\" width=\"838\"\/><\/strong><\/p>\n<figure class=\"embedded-image\" data-aqa=\"embed-image\"><picture class=\"embedded-image__ratio\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/canadians-net-worth--1.png?quality=90&amp;strip=all&amp;w=564&amp;type=webp&amp;sig=oy3yuIC1_3eNm8-chg2vfA,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/canadians-net-worth--1.png?quality=90&amp;strip=all&amp;w=1128&amp;type=webp&amp;sig=IV2B374i_U0Eek8f3N2RBw 2x\" media=\"(min-width: 1200px)\" srcset=\"data:,1w\" type=\"image\/webp\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/canadians-net-worth--1.png?quality=90&amp;strip=all&amp;w=564&amp;type=jpg&amp;sig=6-l0hnDblsbppJPw3fr12Q,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/canadians-net-worth--1.png?quality=90&amp;strip=all&amp;w=1128&amp;type=jpg&amp;sig=rKEJj0TdxgeUNNRO80YaLQ 2x\" media=\"(min-width: 1200px)\" srcset=\"data:,1w\" type=\"image\/jpeg\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/canadians-net-worth--1.png?quality=90&amp;strip=all&amp;w=472&amp;type=webp&amp;sig=3vBIMpPr4ytVmifaM1zWWQ,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/canadians-net-worth--1.png?quality=90&amp;strip=all&amp;w=944&amp;type=webp&amp;sig=Toihb6ARcIgL_J9U0Nt2nw 2x\" media=\"(min-width: 768px)\" srcset=\"data:,1w\" type=\"image\/webp\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/canadians-net-worth--1.png?quality=90&amp;strip=all&amp;w=472&amp;type=jpg&amp;sig=uYy0WrqyySB-WRoxahpqvA,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/canadians-net-worth--1.png?quality=90&amp;strip=all&amp;w=944&amp;type=jpg&amp;sig=k3hxHntWHy4Bnjdvmr3GUA 2x\" media=\"(min-width: 768px)\" srcset=\"data:,1w\" type=\"image\/jpeg\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/canadians-net-worth--1.png?quality=90&amp;strip=all&amp;w=288&amp;type=webp&amp;sig=INFDV4hmzeASXuV8qiDnjA,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/canadians-net-worth--1.png?quality=90&amp;strip=all&amp;w=576&amp;type=webp&amp;sig=M92qoT7CwpulZQ9QJwUUcg 2x\" media=\"(max-width: 767px)\" srcset=\"data:,1w\" type=\"image\/webp\"><img decoding=\"async\" alt=\"Canadian net worth chart\" class=\"embedded-image__image lazyload\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/canadians-net-worth--1.png?quality=90&amp;strip=all&amp;w=288&amp;sig=eEvcjXiUg8R7xdT1DBXJ1A\" data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/canadians-net-worth--1.png?quality=90&amp;strip=all&amp;w=288&amp;sig=eEvcjXiUg8R7xdT1DBXJ1A,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/canadians-net-worth--1.png?quality=90&amp;strip=all&amp;w=576&amp;sig=WiCBqKwj6Ne4Nw9ke5i1JA 2x\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/canadians-net-worth--1.png?quality=5&amp;strip=all&amp;w=100&amp;sig=eMaCdyctvcWhIQ7F5Jus-w\" height=\"835\" loading=\"lazy\" width=\"1000\"\/><\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\n<p>Household net worth eclipsed the $17 trillion mark for the first time, with financial assets setting a record high of $10.1 billion in the second quarter, according to Statistics Canada.<\/p>\n<p data-async=\"\">The agency\u2019s latest national balance sheet, released Thursday, showed household net worth inched up 0.25 per cent from the first quarter, slower than the previous quarter\u2019s gain of 3.59 per cent.<\/p>\n<p data-async=\"\">Carrie Freestone, economist at the Royal Bank of Canada, noted big gains in financial assets in the life insurance and pension category (up 1.22 per cent) and currencies and deposits (up 1.26 per cent) as drivers. \u2014 <em>Serah Louis, Financial Post<\/em><\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_5\">\n<section aria-describedby=\"advertisment9090680134812854337654739940933632\" class=\"ad\">\n<p>Advertisement 5<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-5\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"5\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-5\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">Read the full story here.<\/p>\n<section class=\"article-content__content-group article-content__content-group--story\"\/>\n<hr\/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1758643\" alt=\"\" height=\"114\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2019\/02\/subhead_breaking.png\" width=\"838\"\/><\/p>\n<ul>\n<li><strong>Today\u2019s data: <\/strong>Statistics Canada will release wholesale sales numbers and the capacity utilization rate<strong\/><\/li>\n<\/ul>\n<hr\/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3080180\" alt=\"\" height=\"114\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/subhead_marketsam.jpeg\" width=\"838\"\/><\/p>\n<figure class=\"embedded-image\" data-aqa=\"embed-image\"><picture class=\"embedded-image__ratio\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/chart-0913-ph.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=webp&amp;sig=iSKaOeRQrAd86FtonJS4aQ,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/chart-0913-ph.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=webp&amp;sig=5EcoKc6Grh7P8NQQB3-IaQ 2x\" media=\"(min-width: 1200px)\" srcset=\"data:,1w\" type=\"image\/webp\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/chart-0913-ph.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=jpg&amp;sig=bwFop4rF3pgk-PvciuQ-1g,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/chart-0913-ph.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=jpg&amp;sig=g9rO0xcLiF3oXtr6LEtF3g 2x\" media=\"(min-width: 1200px)\" srcset=\"data:,1w\" type=\"image\/jpeg\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/chart-0913-ph.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=webp&amp;sig=v_wwxmtfR1hDrhDd_LuBRg,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/chart-0913-ph.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=webp&amp;sig=xq16o071GH0nFdrAUWxqKg 2x\" media=\"(min-width: 768px)\" srcset=\"data:,1w\" type=\"image\/webp\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/chart-0913-ph.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=jpg&amp;sig=6GfIQhSnQP2NAyyFKUXF-A,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/chart-0913-ph.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=jpg&amp;sig=Psb13O5kHucgpRzRnhY8Jw 2x\" media=\"(min-width: 768px)\" srcset=\"data:,1w\" type=\"image\/jpeg\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/chart-0913-ph.jpg?quality=90&amp;strip=all&amp;w=288&amp;type=webp&amp;sig=QOugkO5gL52oiiw_Rt6RVg,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/chart-0913-ph.jpg?quality=90&amp;strip=all&amp;w=576&amp;type=webp&amp;sig=eHOTLDjwXmTZWihoOYAOBg 2x\" media=\"(max-width: 767px)\" srcset=\"data:,1w\" type=\"image\/webp\"><img decoding=\"async\" class=\"embedded-image__image lazyload\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/chart-0913-ph.jpg?quality=90&amp;strip=all&amp;w=288&amp;sig=lHM-GtJmllmmJLuhZxoM8Q\" data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/chart-0913-ph.jpg?quality=90&amp;strip=all&amp;w=288&amp;sig=lHM-GtJmllmmJLuhZxoM8Q,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/chart-0913-ph.jpg?quality=90&amp;strip=all&amp;w=576&amp;sig=uyzO-pqr9m_gjcASEbd1kA 2x\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/chart-0913-ph.jpg?quality=5&amp;strip=all&amp;w=100&amp;sig=cb8LmRy8PRMvgyBnux_Wyw\" alt=\"markets\" height=\"413\" loading=\"lazy\" width=\"1000\"\/><\/source><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"image-caption\"><span class=\"caption\"> Financial Post<\/span><\/figcaption><\/figure>\n<hr\/>\n<figure class=\"embedded-image\"\/>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3080181\" alt=\"\" height=\"114\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/subhead_reads.jpeg\" width=\"838\"\/><\/strong><\/p>\n<section aria-labelledby=\"moreTopicLabel9774417831351825868724765418586112\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" biggest=\"\" risk=\"\" to=\"\" oil=\"\" prices=\"\" might=\"\" not=\"\" be=\"\" what=\"\" everybody=\"\" thinks=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"oil \" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/09\/oil-prices-0912-ph.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=rW66_A9qX9iscAg6-D35fA\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/09\/oil-prices-0912-ph.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=jiK-uu5qa0p3E6yV-4dovA\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/09\/oil-prices-0912-ph.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=rW66_A9qX9iscAg6-D35fA, https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/09\/oil-prices-0912-ph.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=Fr3pSRnsCCyjUtJAlwHT6w 2x,&#10; 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But as tax expert Jamie Golombek details, some people still haven\u2019t figured it all out and discover that ignorance is no defence when it comes to fighting Canada Revenue Agency fines in court.<\/p>\n<hr\/>\n<h3>Build your wealth<\/h3>\n<p data-async=\"\">Are you a Canadian millennial (or younger) with a long-term wealth building goal? Do you need help getting there? Drop us a line with your contact info and your goal and you could be featured anonymously in a new column on what it takes to build wealth.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_6\">\n<section aria-describedby=\"advertisment6878648334542986170665409489928192\" class=\"ad\">\n<p>Advertisement 6<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-6\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"6\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-6\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<hr\/>\n<h3>McLister on mortgages<\/h3>\n<p data-async=\"\">Want to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Read them here\u00a0<\/p>\n<hr\/>\n<p data-async=\"\"><em>Today\u2019s Posthaste was written by Gigi Suhanic, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\n<p data-async=\"\">Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n<hr\/>\n<p data-async=\"\"><em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>Interest rate cuts, Justin Trudeau key to Canadian CEO outlook<\/a><br \/>\n<br \/>2024-09-13 12:00:28<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Those are the conditions many business leaders are attaching to an improved outlook for 2025 Published Sep 13, 2024 \u00a0\u2022\u00a0 Last updated 11\u00a0minutes ago \u00a0\u2022\u00a0 4&#8230;<\/p>\n","protected":false},"author":2,"featured_media":50325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-50324","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/50324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=50324"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/50324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/50325"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=50324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=50324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=50324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}