Despite growing recession fears, Canada has the brightest economic outlook for 2022

While there is a lot of talk about recession these days, Vanguard says that Canada has a resilient economy and will actually fare much better than most other countries in a global slowdown.

“We still believe that Canada will be a resilient economy because it is a net energy exporter,” Bilal Hasanjee, Vanguard Canada’s senior investment strategist told Wealth Professional while sharing Vanguard’s Midyear Economic and Market Outlook. “It’s in a better situation than most countries going into this because of the higher oil and gas prices.