Bloor Street Capital | Jimmy Connor Growing and Protecting My Wealth

Trudeau's Canada Slumping into Recession and Canadian Dollar Keeps Falling

Dec 15, 2024

The podcast dives into Canada's struggling economy, highlighting the declining GDP per capita and its implications. With over a million mortgages up for renewal, many could face higher payments they can’t afford. There's a critique of Trudeau's government and the ineffective housing policies amid rising unaffordability. The discussion also touches on the impacts of immigration on infrastructure and long-term productivity growth, as well as the crucial trade ties between Canada and the U.S., especially in the face of potential economic downturns.

36:26

Creator website

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Canada's economy struggles with stagnant productivity and rising unemployment, particularly affected by a significant influx of new immigrants.

The crucial trade relationship with the U.S. accounts for 20% of Canada's GDP and is at risk due to potential tariffs.

Deep dives

Current State of the Canadian Economy

The Canadian economy is facing significant challenges, particularly when evaluated on a per capita basis. Despite stable aggregate growth rates of 1% to 2%, GDP per capita is only $53,000, which falls substantially short of the U.S. figure of $81,000. This disparity is exacerbated by the declining income and expenditure per capita over the past four quarters, alongside stagnant productivity growth since 2015. Consequently, the economy exhibits signs of slack, as the private sector struggles to absorb a growing labor force amidst increasing immigration rates.

Intro

2min

Canada's Economic Challenges and Immigration Impact

12min

Challenges of Immigration and Its Impact on Ontario's Infrastructure

2min

The Canada-U.S. Trade Nexus

6min

Economic Challenges and Housing Policies in Canada

11min

Challenging Economic Outlook for Canada in 2025

3min

The Canadian economy is faltering, Canadian housing is unaffordable, there is over 1 million mortgages up for renewal this year which will result in higher mortgage payments which many people can't afford, and the Canadian dollar continues to fall and Trudeau thinks everything is just fine.

Rosenberg Research Free 30 Day Sign Up https://hub.rosenbergresearch.com/fre... WAIVER & DISCLAIMER If you register for this webinar/interview you agree to the following: This webinar is provided for information purposes only. All opinions expressed by the individuals in this webinar/interview are solely the individuals’ opinions and neither reflect the opinions, nor are made on behalf of, Bloor Street Capital Inc. Presenters will not be providing legal or financial advice to any webinar participants or any person watching a recorded version of the webinar. The investing ideas and strategies discussed on this webinar/interview are not recommendations to buy or sell any security and are not intended to provide any investment advise of any kind, but are made available solely for educational and informational purposes. Investments or strategies mentioned in this webinar/interview may not be suitable for your particular investment objectives, financial situation, or needs. You should be aware of the real risk of loss in following any investment strategy discussed in this webinar/interview. All webinar participants or viewers of a recorded version of this webinar should obtain independent legal and financial advice. All webinar participants accept and grant permission to Bloor Street Capital Inc. and its representatives in connection with such recording. The information contained in this webinar/interview is current as of December, 2024, the date of this webinar/interview, unless otherwise indicated, and is provided for information purposes.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export