Debt, banks, and the price of gasoline – we answer your questions about the economics of COVID-19
Pension expert Keith Ambachtsheer told The Cost of Living executive producer Tracy Johnson that while markets are volatile right now, that will eventually end. "It isn't going to be next month, but hopefully it is next year … if that actually happens, the prices will come back. That 20 per cent that's lost, it'll come back," said Ambachtsheer. According to Ambachtsheer, money flooding into the economy from the Bank of Canada and the U.S. Federal Reserve will need somewhere to go. That could mean it goes into the stock market, which could buoy pension investments. "A good stock, with a dividend yield … that looks pretty good to me longer term," said Ambachtsheer, who is predicting the current volatility will be about a one year phenomenon.