John McKenzie, CEO of TMX Group, shares insights on Canada’s housing market slump, highlighting a startling 23% drop in Toronto condo sales. He discusses the mixed signals of the economy, addressing the unique challenges of declining property values and rising interest rates. McKenzie also dives into the evolving role of stock exchanges, emphasizing the shift towards data services over traditional transaction revenues. The conversation concludes with a look at potential economic reforms and the need for infrastructure investments to spark growth.
