‘The recession has been delayed and, when it does come, it could be worse than people think,’ says Thane Stenner at Canaccord Genuity Wealth Management
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“The recession has been delayed, and when it does come, it could be worse than people think,” says Mr. Stenner, senior portfolio manager and senior wealth advisor with Stenner Wealth Partners+ at Canaccord Genuity Wealth Management. His team, which has offices in Vancouver and Toronto, manages money for ultra-high-net-worth investors in Canada and the U.S., with minimum account sizes of about $10-million or families with net worth of at least $25-million.
Mr. Stenner also points to worrisome economic data, such as an increase in insolvencies and the combination of surging condo listings and a drop in sales in major “There’s a wall of debt that has to be refinanced, and we’re not ready for it, in my opinion,” he says.
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