31.9 trillion reasons to go into debt

The soaring rise of the U.S. debt ceiling since 1940 and its impact on the economy is the subject of much debate. Many analysts talk about the risk of default, the 2011 crisis, stock markets that could suffer and even the creation of a trillion-dollar coin! Sébastien Mc Mahon and Ashleay Dollard take a look at the issue.

About

Sébastien Mc Mahon joined iA Financial Group’s economy team in January 2013. Throughout his career, Mr. Mc Mahon has held various positions in several prominent financial institutions, notably at Quebec’s Ministry of Finance and the Autorité des marchés financiers, Quebec’s financial market regulator.

Sébastien Mc Mahon also serves as Vice-President, Asset Allocation, and Portfolio Manager for our subsidiary, iA Investment Management Inc. (iAIM), with assets nearing $15 billion. Mr. Mc Mahon is also a member of the firm’s asset allocation committee.

Sébastien Mc Mahon

Chief Strategist and Senior Economist

This podcast should not be copied or reproduced. Opinions expressed in this podcast are based on actual market conditions and may change without prior warning. The aim is in no way to make investment recommendations. The forecasts given in this podcast do not guarantee returns and imply risks, uncertainty and assumptions. Although we are comfortable with these assumptions, there is no guarantee that they will be confirmed.

Share prices

2024-02-23 11:51 EST
  • ^TSX $21,413.15 $95.07
  • $CADUSD $0.74 $0.00

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