The Current What’s ahead for Canada's economy and your wallet in 2026.
Jan 5, 2026
Pedro Antunes, Chief Economist at the Conference Board of Canada, joins Shannon Lee Simmons, founder of the New School of Finance, to discuss the future of Canada’s economy. They dive into trade uncertainties affecting both investments and consumers, with a critical view on the impact of tariffs. The conversation touches on employment risks in various sectors, the necessity for reskilling amid AI advances, and the complex housing market pressures. Together, they offer practical finance tips for Canadians navigating these economic challenges.
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Episode notes
Consumers Held Up; Investment Did Not
- Consumer spending and employment held up fairly well in 2025 despite trade tensions and high living costs.
- Pedro Antunes warns business investment, especially non-residential capital per worker, is a major weak spot for long-term growth.
Tariff Uncertainty Freezes Investment
- Uncertainty over tariff outcomes and the upcoming Kuzma review is holding back business investment.
- Pedro Antunes says firms are 'sitting on their hands' until trade certainty returns.
Stock An Emergency Fund
- If uncertainty around tariffs could raise prices, build an emergency fund to cover unexpected cost increases.
- Delay non-urgent big purchases only if you can afford to wait and the item might lose its current tariff exemption.