5 | Friday Septem ber 22, 2 0 1 7 | OAKVILLE BEAVER | www.insidehalton.com Economic waters remain murky: Dodge tells Oakville Chamber gala by David Lea Oakville Beaver Staff Oakville business leaders received tips on navigat ing today' s murky economic waters from Former Governor to the Bank of Canada David Dodge, Wednesday evening (Sept. 20). Dodge spoke before a crowd of more than 300 at the Oakville Chamber of Commerce' s 63rd annual Chair' s Gala. From the outset, Dodge made it clear we are liv ing in a time of uncertainty and as such he couldn't give an economic forecast, but rather some reason able guidance for the near economic future. "We do have a real policy conundrum for our central banks here and throughout the advanced economies. Unemployment is low and falling in dicating strong demand... but prices and wages, certainly in North America, are not accelerating," said Dodge. "Without that marked rise in wages and inflation, central banks have kept interest rates at emergency low levels." Low interest rates are intended to spur growth in the economy by encouraging borrowing and there by giving people more money to spend and invest. Having some idea when rates are going to rise is important for future planning, but in this case, Dodge says it is difficult to predict because the fac tors keeping wages and inflation from rising - and thereby keeping interest rates from rising -- are un- T h in k in g o f R e t ir in g ... S o m L e t 's e d a y ? T a lk . David Dodge | David Lea/Metroland clear. Possible causes, he said, could be commodity price movements or the strengthening exchange rate. "On the other hand, it could well be the shock we went through after 2008 has had an impact in changing the whole structure of markets and that structure is really quite different than it was prior to 2008 or certainly prior to the turn of the century," said Dodge. V is it o u r w e b s ite to s ig n u p fo r a fre e c o n s u lta tio n . Peter Watson MBA, CFP, R.F.P., CIM, FCSI Jennifer Watson B.A. 220 Randall Street, Downtown Oakville 905-842-2100 peterwatsoninvestments.com see Labour on p.12 SUBARU C o n fid e n c e in M o tio n 2017s W O N 'T 2.5 TOURING WITH TECH FROM *2 9 ,0 1 5+h s t 2 0 1 7 LEGACY GREAT RATES FROM LEASE PAYMENT OF 0.5%' MODELS EQUIPPED WITH EYESIGHT® A ND STEERING RESPONSIVE HEADLIGHTS TM BI-WEEKLY FOR 48 MONTHS *174 Budd The fa m ily business that built. 2474 SOUTH SERVICE ROAD W., OAKVILLE, ON L6L 5M 9 · 905.845.2800 VISIT www.BuddsSubaru.com "P ric e s a d ve rtise d on 2017 S ubaru L egacy 2.5 Touring w ith Te chn o log y packa ge . V e h ic le in clu d e s S ym m e trica l A W D , EyeSight®: P re -c o llis io n b ra k in g , p re -c o llis io n bra ke a ssist, p re -c o llis io n th ro ttle m anagem ent, a da ptive c ru is e c o n tro l, lane dep arture w a rn in g , lane sw a y w a rn in g , lane keep a ssist and lead v e h ic le sta rt a lert, S ubaru Rear/Side V e h icle D e tectio n S ystem (SRVD): B lin d sp ot d e te ctio n , lane change a ssist, re a r cro ss tra ffic a le rt, 7 -in ch In fo ta in m e n tS y s te m :A M /F M /C D /M P 3 /W M A a u d io s y s te m w ith h ig h -re s o lu tio n c a p a c itiv e to u c h -s c re e n d is p la y ,S T A R L IN K TM s m a rtp h o n e in te g ra tio n , Bluetooth®. "Price includes delivery and destination, fees, levies, charges and all applicable taxes (Excluding HST). Licence and registration extra. See dealer for complete details. All incentives have been included (Alternate Cash Credit Applied to quote of $2500). Based on New 2017Subaru Legacy Touring w ith Technology Package 2.5 CVT HA2TPE. ""Lease based on 48 month lease w ith 20,000km per year, $0.10/ km for excess mileage. $2899.99 Due at delivery. Stakable credit of $750 applied to quote. Price includes delivery and destination, fees, levies, charges and all applicable taxes (Excluding HST). Licence and registration extra. See dealer for complete d e ta ils . Offer available OAC. Cost of borrowing is $2337.42. APR 3.12% Based on New 2017 Subaru Legacy Touring w ith Technology Package 2.5 CVT HA2TPE. Prices valid on Date of publication and are subject to change without notice/' f Ratings are awarded by the Insurance Institute for Highway Safety (IlHS). Please visit w w w iihs.org for testing methods. o EyeSight is a driver-assist system which may not operate optim ally under all driving conditions. The driver is always responsible for safe and attentive driving.