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The Canadian Investor
What Subprime Lending Growth is Telling Us About the Economy
Dec 5, 2024
The discussion kicks off with the Bank of Canada's interest rate decisions and the mixed economic signals impacting GDP and inflation. Scotiabank's recent earnings reveal both challenges and stabilization in the banking sector. The rise of subprime lending in Canada sparks intriguing discussions about consumer behavior and the growing reliance on Home Equity Lines of Credit. Plus, the unexpected low delinquency rates draw attention to the economic pressures consumers face. The episode also touches on Intel's leadership shake-up and its ongoing struggles in the semiconductor industry.
56:50
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Quick takeaways
- The Bank of Canada is debating interest rate cuts due to economic challenges, with GDP contractions and inflation rates driving their decision-making process.
- Canadians are increasingly saving instead of spending, as household savings have surged to a three-year high amid economic uncertainties and rising cost of living.
Deep dives
Economic Challenges and Bank of Canada Decisions
The current economic landscape in Canada is grappling with significant challenges, including potential interest rate cuts by the Bank of Canada. There's a consensus that a cut is likely, but the debate centers on whether it will be 25 or 50 basis points. Critical indicators such as GDP growth, which has contracted for six consecutive quarters, suggest a weakening economy. Other factors impacting the decision include rising inflation rates and the U.S. Federal Reserve's stance on rate cuts, which complicates Canada’s position in maintaining a stable currency without exacerbating inflation.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode