Former central bank chief Stephen Poloz says companies, individuals likely to bear more risk as government capacity wanes.
Poloz was in Saskatoon this week to give a talk at the University of Saskatchewan’s College of Law. He spoke to Postmedia about the economic challenges he sees ahead.We deliver the local news you need in these turbulent times on weekdays at 3 p.m.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
But ask yourself, what can you do to prepare yourself? Well, you want to invest in resilience. And some of the stressors that are coming our way, are things that Saskatchewan is well positioned to contribute to. So, you know, the three-legged stool of existence; food, water and energy. Saskatchewan has an endowment that starts it in a strong place on two of those; food being an obvious one, and not just food production, but also one of the main ingredients, fertilizer production.
So, all that combined with divisive or polarized politics, which is a clear trend in the world. And I think at its root, it comes from rising income inequality, the sense that some people are being left behind by technology, well, that’s just going to get worse.
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