Relating overseas markets to provincial economy

Lisa
Lisa Goudy
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Paul Ferley, assistant chief economist with the Royal Bank of Canada Economies, speaks about the forecasted economic future at a luncheon at the Temple Gardens Mineral Spa on Friday.

Local professionals had the chance to hear about the importance of overseas economies as they relate to the Saskatchewan economy.

“When you talk about overseas development, it isn’t just dismissed as being literally an ocean away (or) it’s not going to have an impact on us. We are really operating within a global context,” said Paul Ferley, assistant chief economist at Royal Bank of Canada (RBC) Economics.

“Developments in Europe can have an impact on things like interest rates, equity markets, commodity prices and those impacts don’t just stay isolated in Europe. They’ll often have knock-on effects to developments here in North America and in Saskatchewan.”

Ferley was the featured speaker at a Saskatchewan Young Professionals and Entrepreneurs (SYPE) luncheon on Friday at the Temple Gardens Mineral Spa. Responsible for analyzing and forecasting macroeconomic and financial market developments in Canada, the United States and overseas economy, Ferley’s topic of discussion was “Navigating through challenging times.”

 “(It was) as an opportunity for us to give an outlook in terms of what we’re expecting for the North American economy including the outlook for Saskatchewan,” said Ferley. “But it’s a chance to get feedback in terms of what we’re seeing and what we’re expecting and sort of talking with clients in the province in terms of what they’re seeing.”

For more information, see an upcoming edition of the Times-Herald.

Organizations: Royal Bank of Canada, Saskatchewan Young Professionals, Temple Gardens Mineral Spa North American Times-Herald

Geographic location: Saskatchewan, Europe, North America Canada United States

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