Ottawa Should Focus on Economic Resilience as Risks Grow

Recessions are part of every economic cycle. The greater danger is failing to recognize the warning signs until it is too late.

Pedestrians cross Elgin Street in view of Parliament Hill in Ottawa, in a file photo. The Canadian Press/Sean Kilpatrick

Commentary

The stock market is sending one message. The real economy is sending another. Investors looking at record highs in the S&P 500 may conclude that the North American economy remains strong. The evidence beneath the surface suggests a more complicated reality.