The Loonie Hour cover image

The Loonie Hour

Chaos in Ottawa! Budget Deficit Explodes to $62B

Dec 20, 2024
Political turmoil brews as Canada’s finance minister resigns, throwing the government into chaos. Meanwhile, budget deficits soar to $62 billion, raising eyebrows about fiscal management. The value of the Loonie drops to 69 cents against the US dollar as inflation predictions stretch to 2027. Global coal usage skyrockets due to Chinese demand, reflecting economic disparities. Amidst financial woes, festive banter lightens the mood, blending holiday cheer with urgent economic discussions.
01:12:14

Podcast summary created with Snipd AI

Quick takeaways

  • The resignation of Finance Minister Freeland highlights the precarious balance of the Trudeau government amid a skyrocketing budget deficit.
  • The podcast emphasizes the reliability of private credit funds, like Neighborhood Holdings, as appealing investment options during turbulent market conditions.

Deep dives

Neighborhood Holdings Overview

Neighborhood Holdings offers a unique investment opportunity for those seeking consistent income with reasonable returns. With nearly a decade of performance, it targets a net yield of 8-10%, promising monthly income while mitigating the volatility commonly associated with public markets. The firm differentiates itself by providing temporary financing to quality borrowers, primarily through first mortgages with an average loan-to-value ratio below 60%. This strategic approach allows them to cater to borrowers who might not fulfill traditional bank requirements, thus positioning themselves strongly in the private credit market.

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