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Ken McElroy Show
Canada is COLLAPSING – Here’s What That Means for the Rest of the World
Feb 14, 2025
A looming economic crisis in Canada is shaking key industries and real estate markets as soaring housing prices and fluctuating mortgage rates raise alarms. The discussion highlights the intricate trade relationship between Canada and the U.S. and how tariffs could lead to a recession. Canadian investors are increasingly looking to the U.S. for financial stability, driven by factors like currency strength and housing affordability. The complexities of navigating real estate investments across borders take center stage, revealing both risks and opportunities.
26:39
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Quick takeaways
- Canada's looming economic crisis, driven by soaring housing costs and fluctuating mortgage rates, poses significant challenges for both local residents and investors.
- The shift of Canadian investors to U.S. real estate highlights a strategic response to favorable investment conditions and the complexities of cross-border trade dynamics.
Deep dives
Understanding Trade Relations Between Canada and the U.S.
Trade between Canada and the U.S. is significant, with Canada being the largest supplier of crude oil to the U.S., accounting for 61% of imports. This interdependence extends to various sectors, such as lumber for construction, where Canadian mills play a crucial role in supplying material for American homes. The recent tariffs enacted have raised discussions about how they might reshape this trade relationship, potentially forcing Canada to diversify its business relationships and enhance inter-provincial trade. Overall, this dynamic highlights the complexity and importance of cross-border cooperation in various industries.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode