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The Loonie Hour
Bank of Canada Cuts, Rents Fall, and the NDP pulls the plug on Trudeau Bank of Canada Cuts, Rents Fall, and the NDP pulls the plug on Trudeau
Sep 6, 2024
Interest rates in Canada are dropping again, spurring discussions about potential housing price increases. The NDP's breakup with the liberals raises questions about upcoming elections. University cities see a decline in rent, influenced by changing enrollment trends. In the U.S., a weakened job market impacts the stock market, hinting at broader economic shifts. The show blends economic insights with playful banter about back-to-school excitement and NFL predictions, making complex financial topics more engaging and relatable.
54:31
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- The Bank of Canada has cut interest rates by 25 basis points to stimulate growth amidst concerns of an economic slowdown.
- Falling rental prices in university cities are largely attributed to a 35% reduction in foreign student enrollment affecting demand and occupancy.
Deep dives
Canadian Investors Favor ZSP ETF
Canadian investors are increasingly turning to the ZSP ETF as their preferred choice for exposure to the S&P 500 index. Since its inception in 2012, ZSP has gained the trust of institutional investors, financial advisors, and individual investors alike, offering a simple and cost-effective way to invest. This popularity stems from the convenience of obtaining an entire index of 500 stocks in a single trade, eliminating the complexity of managing a large and diversified portfolio. As a result, ZSP facilitates easier access to the performance of the S&P 500 without the need for extensive trading expertise.
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