The Loonie Hour Canadian Business Confidence Plunges to Decade Lows
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Mar 28, 2025 Small businesses in Canada are feeling unprecedented gloom, hurt by tariffs and rising unemployment. The conversation turns serious as hosts explore the impact of immigration on housing prices and the struggles of students facing high living costs. Amid amusing travel stories, they highlight the troubling decline in air travel bookings and discuss potential recession implications. The Canadian auto industry also faces challenges with tariffs as it navigates competition from China, all while public confidence continues to wane.
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Follow Different Perspectives
- Follow people on Twitter you disagree with.
- This helps expand your perspective and challenge your biases.
Immigration and Housing Prices
- Increased immigration significantly impacted Canadian housing prices.
- Scotiabank Economics estimates immigration added $100,000 to the national home price benchmark.
Vancouver Housing Anecdote
- Steve toured a Vancouver house illegally converted into eight bedrooms.
- It housed international students attending a fake college, highlighting immigration and housing issues.