{"id":1641,"date":"2024-09-20T16:36:04","date_gmt":"2024-09-20T16:36:04","guid":{"rendered":"https:\/\/advisor.wellington-altus.ca\/evolved-wealth-advisors\/?p=1641"},"modified":"2024-09-20T16:36:04","modified_gmt":"2024-09-20T16:36:04","slug":"why-canadas-economy-is-on-the-ropes","status":"publish","type":"post","link":"https:\/\/advisor.wellington-altus.ca\/evolved-wealth-advisors\/2024\/09\/20\/why-canadas-economy-is-on-the-ropes\/","title":{"rendered":"Why Canada\u2019s Economy is on the Ropes"},"content":{"rendered":"<p>The Canadian economy is facing significant challenges as the private sector struggles under the weight of high government spending during the COVID-19 pandemic and rising interest rates.<br \/>\nWhile the public sector has grown substantially, creating an illusion of stability, private sector growth has stagnated, and consumer debt levels remain dangerously high.<\/p>\n<p>To avoid a looming economic crisis, Canada must rein in fiscal spending, address the disparity between public and private sector growth, and find a sustainable path forward amidst rising unemployment and economic vulnerabilities.<\/p>\n<p><a href=\"https:\/\/www.theglobeandmail.com\/investing\/globe-advisor\/advisor-news\/article-why-canadas-economy-is-on-the-ropes\/#:~:text=The%20federal%20debt%2Dto%2DGDP,of%20economic%20life%20and%20death.\">Click here to read more<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian economy is facing significant challenges as the private sector struggles under the weight of high government spending during the COVID-19 pandemic and rising interest rates.<br \/>\nWhile the public sector has grown substantially, creating an illusion of stability, private sector growth has stagnated, and consumer debt levels remain dangerously high.<\/p>\n","protected":false},"author":193,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-1641","post","type-post","status-publish","format-standard","hentry","category-in-the-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why Canada\u2019s Economy is on the Ropes - Evolved Wealth Advisors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/advisor.wellington-altus.ca\/evolved-wealth-advisors\/2024\/09\/20\/why-canadas-economy-is-on-the-ropes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Canada\u2019s Economy is on the Ropes - Evolved Wealth Advisors\" \/>\n<meta property=\"og:description\" content=\"The Canadian economy is facing significant challenges as the private sector struggles under the weight of high government spending during the COVID-19 pandemic and rising interest rates. While the public sector has grown substantially, creating an illusion of stability, private sector growth has stagnated, and consumer debt levels remain dangerously high.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/advisor.wellington-altus.ca\/evolved-wealth-advisors\/2024\/09\/20\/why-canadas-economy-is-on-the-ropes\/\" \/>\n<meta property=\"og:site_name\" content=\"Evolved Wealth Advisors\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-20T16:36:04+00:00\" \/>\n<meta name=\"author\" content=\"Akeem Foster\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Akeem Foster\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/evolved-wealth-advisors\\\/2024\\\/09\\\/20\\\/why-canadas-economy-is-on-the-ropes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/evolved-wealth-advisors\\\/2024\\\/09\\\/20\\\/why-canadas-economy-is-on-the-ropes\\\/\"},\"author\":{\"name\":\"Akeem Foster\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/evolved-wealth-advisors\\\/#\\\/schema\\\/person\\\/9dbe4b50cefc6edb144c66059957fbf1\"},\"headline\":\"Why Canada\u2019s Economy is on the Ropes\",\"datePublished\":\"2024-09-20T16:36:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/evolved-wealth-advisors\\\/2024\\\/09\\\/20\\\/why-canadas-economy-is-on-the-ropes\\\/\"},\"wordCount\":97,\"publisher\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/evolved-wealth-advisors\\\/#organization\"},\"articleSection\":[\"In the News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/evolved-wealth-advisors\\\/2024\\\/09\\\/20\\\/why-canadas-economy-is-on-the-ropes\\\/\",\"url\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/evolved-wealth-advisors\\\/2024\\\/09\\\/20\\\/why-canadas-economy-is-on-the-ropes\\\/\",\"name\":\"Why Canada\u2019s Economy is on the Ropes - 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