MACROSCOPE No.39: Silver lining in the gradual erosion of TSX’s “Big Three” sectors
Back in 1930, Canadian economist Harold Innis used the Biblical phrase “hewers of wood and drawers of water” to describe the Canadian economy’s traditional economic dependence on resource production. That skewed impression of the Canadian economy lingers to this day, despite the services sector employing more than 80% of working Canadians, while less than 20% are employed in goods production. Click here to read the rest of Macroscope 39.
This information has been prepared by Luft Financial. Opinions expressed in this article are those of Luft Financial only and do not necessarily reflect those of iA Private Wealth. Furthermore, this does not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors.
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