Global Economy Threatens Canada's Growth Prospects, Economist Alexander Says

The transcript discusses the global economic slowdown, highlighting factors like the US-China trade war and Brexit. It examines the impact on the Canadian economy, particularly in manufacturing and trade. The role of central banks, including the Bank of Canada, in managing monetary policy to counteract economic weakness is explored. The discussion also covers the implications of currency fluctuations on trade and manufacturing. Finally, it addresses political risks, such as the US-China trade dispute and Brexit, and their potential effects on the global economic outlook.

What are some of the factors contributing to the global economic slowdown?

• Increased global demand

• US-China trade war and Brexit

• Rising commodity prices

• Technological advancements

How is the Canadian economy primarily integrated with other markets?

• Through east-west trade within Canada

• Through trade with Asian countries

• Through north-south trade with the US

• Through trade with European countries

What sectors is the Bank of Canada closely monitoring for signs of global weakness?

• Retail and tourism

• Commodities and manufacturing

• Real estate and finance

• Technology and healthcare

What could increase the likelihood of the Bank of Canada cutting interest rates?

• A rise in global manufacturing output

• A strong Canadian dollar

• A decrease in global economic risks

• An increase in Canadian exports

What is the fair value of the Canadian dollar in terms of unit labor costs compared to the US?

• $0.75

• $0.82

• $1.00

• $0.90

How might a trade agreement between the US and China affect the stock market?

• It would likely strengthen the market

• It would have no effect

• It would likely cause a decline

• It would cause market instability

What political event could provide significant upside to the global economy if resolved positively?

• A second Brexit referendum

• A decrease in global trade

• A rise in interest rates

• A new trade war