Canada’s Economy in Big Trouble? Jonathan Wellum on the Election Fallout, And A Looming Recession

Apr 29, 2025

Jonathan Wellum, CEO of RockLinc, shares eye-opening insights into the turbulent Canadian economy following the recent election. He explains how Donald Trump's comments surprisingly bolstered the Liberals' victory. Wellum warns of a looming crisis characterized by a collapsing GDP and a weakening dollar. He also highlights troubling trends in the U.S. housing market and international trade. His investment strategy for 2025? A whopping 28% cash and a focus on precious metals to navigate through uncertainty.

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INSIGHT

Election Surprise Explained

The Liberals' reelection in Canada surprised many due to their prior 10 years of economic policies.
The collapse of the NDP and Donald Trump's comments helped the Liberals gain votes and seats.

INSIGHT

Impact of Liberal Economic Policies

Canada's GDP and dollar value have weakened under Liberal policies limiting resource sector growth.
Stronger free market policies could restore the Canadian dollar to previous higher levels.

INSIGHT

Ontario's Economic Challenges

Ontario's high unemployment rate under Premier Doug Ford signals economic decline.
Ford's approach to government investment has failed to revive key industries effectively.

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Canada’s future is at a turning point. In this hard-hitting interview, RockLinc CEO Jonathan Wellum joins James Connor to expose the hidden forces behind the results of yesterday’s Canadian election and why economic storm clouds are gathering fast on both sides of the border.

Jonathan reveals:

- How Donald Trump’s comments helped the Liberals win

- Why Canada’s economy is sliding into crisis (GDP collapse, weak dollar, capital flight)

- The dangerous slowdown brewing in U.S. housing, shipping, and consumer spending

- The global trade reset is reshaping markets, and how to position your portfolio

- His 2025 strategy: 28% cash, 20% precious metals, and focus on resilient businesses

Chapters:

0:43 - How the Liberals Pulled Off Another Shocking Win

16:17 - Could the NDP Hand Power to the Liberals?

18:15 - U.S. Economy on Edge: What’s Coming in May

20:50 - Shipping, Airlines, and Slowdowns: Warning Signs Everywhere

25:09 - Inside Buffett’s Shareholder Meeting

27:40 - Billionaires Are Booming in the U.S.A.

30:34 - Trump vs. Powell: The Battle Over Interest Rates

32:41 - How Rocklinc Is Investing Through Uncertainty

36:33 - Jonathan Is Betting Big on Gold and Precious Metals Miners

38:34 - Is a Recession Inevitable? The Cracks Are Getting Bigger

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