Updates from our Chief Economist
Todd Mattina
Senior Vice President, Chief Economist, Team Co-Lead
Mackenzie Multi-Asset Strategies Team
Todd Mattina, Senior Vice President, Chief Economist and Co-Lead of Mackenzie Multi-Asset Strategies Team, shares monthly insights on the economy, markets and more.
Todd's latest from social:
April 20, 2020
China’s Q1 GDP growth rate of -6.8% is the weakest since 1992, reflecting shuttered productive capacity during the lock-down. However, China has re-opened and activity is returning rapidly.
Todd's latest from social:
April 16, 2020
Government budget deficits this year are expected to surpass the 2008-09 recession. After the crisis, governments will need to rebuild fiscal space and ensure public finances are sustainable on a long-term footing.
Todd's latest from social:
April 9, 2020
Canadian job losses in March were 40% of total employment gains since the Great Recession. While many jobs are expected to return once the shutdown is over, the scale and speed of job losses highlight the urgency of supporting lost incomes.
Todd's latest from social:
April 7, 2020
For those who look to Italy’s experience with social distancing policy as a means to contain the spread of COVID-19, the recent peak in the daily number of new cases is noteworthy.
Todd's latest from social:
March 19, 2020
As governments face the largest budget deficits since the Great Recession, strong fundamentals are important to underpin a “whatever it takes” fiscal policy response. Amongst the G-7 countries, Canada and Germany have the most fiscal space to accommodate larger budget deficits as needed.
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