The Loonie Hour Gold Surges on Looming Rate Cuts
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Sep 5, 2025 Canada's GDP unexpectedly contracted, raising alarms about the economy. Meanwhile, gold prices soared as rate cuts loom. Alberta's oil production sets records, impacting national energy policies. The job market in the U.S. faces a decline in openings despite low unemployment rates. The conversation also touches on the complexities of foreign worker policies and humorous personal anecdotes from the hosts. Join for insights on investment opportunities amidst these economic challenges!
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GDP Headline Hides Domestic Resilience
- Q2 Canada GDP fell at a 1.6% annualized pace but the headline was driven mainly by a collapse in exports.
- Household consumption and residential investment held up, so the downturn may be partly transitory.
Labor Weakness Points To Looming Rate Cuts
- Labour signals show slowing growth: private payrolls negative year-on-year and hiring breadth is weak.
- That softening increases odds the Bank of Canada will move toward rate cuts soon.
Population Slowdown Is A Real Demand Shock
- Population growth has collapsed in BC and Ontario and national immigration-driven growth has cooled sharply.
- Interprovincial flows (Alberta gains) hide regional shifts but overall demand pressures will ease.