The economic divergence between Canada and the U.S. is growing wider: portfolio manager
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- čas přidán 21. 05. 2024
- We expect higher inflation in Canada versus the U.S. in 2024-2025, says Jean-Francois Tardif, Founder and portfolio Manager, Timelo Investment Management. The Canadian dollar go much lower within 10 years - down to 50 cents - if Canada doesn’t change direction, says Tardif.
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The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
The fin-Market;s have underperformed the Canadian and U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
The market has been generally volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
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She is Svetlana Sarkisian Chowdhury. Just search her up
This recomendation really came at the right time. Thanks for sharing I curiously looked up Svetlana Sarkisian Chowdhury , wrote her explaining my financial market goals and scheduled a call.
Canada has a child for a leader. And it shows how shallow our voter base is.
They all work for the government
child or clown lol
He's not the only one to blame. Doug ford is horrible and corrupt
The alternatives are MAGA wannabes
the leader is reflected by its voters
Looking forward to the Canadian Peso.
The lady is really trying to tone this down but the Jean is not sugarcoating it. Good man.
He was holding back, he doesn't want to be the one to responsible for causing a panic. The reality is the public sector is a bloated hog, there has to be major cut back by at least 80%. Reduction of income tax by 50% both federal and provincial, removal of GST and property taxes and politicians do not get a salary, its donation based. They do a good job they get paid by what the public thinks they're worth. The liberals and NDP have ruined this country, why are any of them getting paid?
Can you explain why it's called canadian peso?
He’s absolutely right. The high quality ones Canada wants have options and when those people don’t have options they will leave Canada
My wife and I are under 30 and have relatively high paying jobs and both have degrees. We are planning to leave the country in the next 3 years regardless of political change.
@@CalCalCal6996 Look at taxes requirements for when living aboard as Canadians, If you are Canadian you will still be required to file Canadian taxes even when living elsewhere as well as any tax declaration to the country you live in or move to.. Speak with CCA( Certified Chartered Accountant) and maybe a Immigration lawyer to help you transition to your destination of choice. Or Help to prepare you for life aboard. You never want to learn hard lessons in foreign countries. Good luck hope this helps.
@@CalCalCal6996 Start moving assetts slowly out of the country when you decide to move. There is a 25% exit tax and income tax on all assetts, savings...etc. you have when you renounce your citizenship. Good luck on your move.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Please can you leave the info of your investment advisor here? I’m in dire need for one
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
thank you for this tip , I must say Melissa, appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Why can't people on this show just call out the lunacy of the Federal Govt' and label a spade a spade
Cause they're paid not to
600 million dollars buys lots of messaging. FtheMSM!
Just wondering why people are taxed 48% in this country. Just crazy.
Because it’s racist and anti-woke!!
Canada needs a whole new Political System.
Canada needs 75% reduction in government and 50% in tax .
No reason to produce in Canada. Cost of living gives us no incentive.
eggzacly
Not only that... corporate initiatives and high taxes make corporations go elsewhere.
It's what has been happening in Europe for decades now. Plus they have even higher taxes.
@@himura357at least they have much higher quality of life...
@@CalCalCal6996 Could be. Better weather and less fixation on possessions. They tend to value family and free time more. Sounds good to me. Might be worth the extra tax. I'd have to test it out and see for myself.
Invest in USA with your tfsa. F Canada and Trudeau
haha love it!
Yup!!
Already due. Buy US index etfs in your trading accounts.
110%
we still have room for improvment we have a lots of ressources and not much debt but we have to make it happen
"People are not productive" is always because they are not being paid enough. Why will a young Canadian go and work hard if he knows that he will never own a house, raise a family? Might as well enjoy the moment and play video games.
That's called giving up. My parents didn't raise me to do that, they raised me to find a way to beat the odds and be better
@@thanks4that261 I believe so as well. I am just not sure if i will beat the odds before my fertility window disapears.
@@thanks4that261 its either give up or move somewhere else. Personally i'm pursuing an Irish citizenship because i qualifty due to ancestry. Canada abandoned its social contract to its citizens, i have no desire to help fix what trudeau broke.
It's the same in the US or most cities also but some states like CA, NY, TX etc can attract capital and smart folks who are carrying the torch for the rest but debt to dgp there too rising. Crime / drugs / homelessness are at higher rates than here. The National Guard does not guard subways here so far lol like in NY
@@jay1645 NYC is way better bro
Why the hell would anyone invest in canadumb
Vive le Québec libre! ⚜️
@@goldorackconceptionwebmark4319 lol loser
Canada is a country full of stupid people that keep voting for the same thing and expecting something different to happen. Einstein called that insanity.
I want a Canada dollar goes to 50 cents the Americans will drive over there and buy products
@@glennmorgan937 are you dumb? The cost to import anything will go through the roof. We don't make anything here
It's our government. Pierre tried his hardest to destroy our country, and now Justin is finishing his father's work
🎯
Canada is one of the worst global negotiators in business.
Canada has gone downhill big time in the last 8-10 years. A house is over $1 million, rent is $2500/month, taxes and interest rates are sky high, our healthcare system is beyond overwhelmed, every job listing I see on linked in has several hundred applicants for 1 position...what a disaster!
Our country is managed by a clown who thinks the budget will balance itself and a minister of finance who doesn't know how much the country is spending on interest payments every year. Add the fact that we have one of the highest tax rates in the world, and they constantly going up. What fool would invest their money into a country like that? Thank god that we have the option to invest in the US.
I guess you missed the part where the USA is 34.6 trillion dollars in debt. They're busy funneling 💰to private defence contractors.
.......Canadian Government = '' out of rehab - but, alas, STILL IN DENIAL '' THEY ARE UNDERGOING GENDER - CHANGES.....(as Colbert would say '' meanwhile ''' canadians are taxed to death . Human history, repeating A G A I N . we are born into THIS generation, folks.......deal with the perversities.
Government as a major employer is foolish. Government has no incentive to get maximum productivity from their workers. Many government jobs are basically just workfare: created to create jobs for the sake of keeping people employed.
But employing people in this way is wasteful. Paying someone a 100k/yr salary so they can sit around doing bare minimum work at a job that shouldn't even exist is a drag on productivity. Having tax payers pay that person's salary is unfair to tax payers.
Jobs in the public sector should be assessed and cut where cutting is appropriate. Using new office software and AI driven tools should allow higher productivity and then cut the wasteful jobs. If that means half the public sector gets laid off, then so be it. Plan for it and make it happen.
Gov't spending is also military spending. Just saying.
@@gmac8586 Military spending is 1.3% of GDP, already well below what NATO would ask of us. And already, the likes of Lockheed, GD, and various others are full of bloat and government contract largess. I'm sure the Canadian Military could do with a serious audit to cut the fat.
I'd like to see military spending at 2%, but I'd like to know my tax money was spent wisely and not on workfare and spending for the sake of spending.
@@gmac8586 He never said it wasn't. But its evident the CRA has doubled in size from covid and thats because they made a huge mess with cerb. Military spending was already cut out of $1billionCAD. The current government has the power to make hard choices but instead continues to spend beyond its means. Spending is still higher by 30% from 2019. Yet people like you imply its not the federal governments fault that inflation, interest rates are high. Just saying.
We all drone on about wasting taxpayer money and wonder why the government is doing this. The answer is too hard to bear. I love free choice and democracy but the one huge failure of democracy is that the average person doesn’t elect the right person to make the hardest choices. Hard choices means cutting government jobs. Hard choices mean raising taxes to get us out of a debt hole. Hard choices means spending within our means until we can get the fiscal house in order. The US has the same problem. We are greedy and don’t want to pay the real price of having a better country. Sorry kids 😊
Gov't has increased public sector jobs at unprecedented rates to hide the economic issues.
Don't worry, the budget will balance itself.
Canada is living above its means and doesn't have the wealth and growth to support the standards expects. The focus has to be on economic growth, productivity, and competitiveness. The government must do major spending cuts, for example reducing the size of government through firing the enormous amount of government employees that Trudeau has done. There are jobs for these people in the private sector. Canada must get its spending under control and make tough cuts and changes to invest in productivity and business growth. Taxes are way too high. Everything is wrong and Canada is heading in the wrong direction and faces a crisis. It's become an Argentina of the north.
nope-canada is one of the richest countries in the world.....our resources are being looted worse than colonial africa
F. Canada, I'm going to Germany. The work-life balance here is better, the salary is enough, the schools and medicine are affordable. Canada's doomed. Ich liebe Deutschland! ❤❤❤
Canada can learn a few things from Germany / Norway / Denmark etc lol
Trudeau.
Please do the right thing if you really love Canada.
RESIGN NOW.
Spoiler alert: "He doesn't."
Troll
Please do the right thing and get a job. If you really love Canada help bring down inflation.
Quit whining while saying nothing, you soon like a toddler.
The PM has a job.
I'm voting for him AGAIN in ALBERTA. EVERY ELECTION. EVERY TIME.
For the last five years I have repeatedly told my four young adult kids to educate themselves so that leaving is, at least, an option because the writing in Canada was on the wall. And the electorate won't change unless and until they experience a serious shock. We may be deep enough in that shock now, but I dont have faith that the electorate cannot be swayed by yet more impossible and unrealistic promises from the same politicians that created this mess.
You vote for someone who has no interest in monetary policy and believes that budgets balance themselves, you get what you deserve. When clowns vote for clowns you inevitably get a circus.
Sadly the truth.
Well said
Don't forget Guilbeault, who's killing all the industries in pursuit of his delusional agenda...
Nobody voted for this shit, he got 20 percent of the vote just like hitler in the 30s. Pulled some weird alliance with smaller parties to oust the populist candidate
Exactly, this, after what they have done, is when liberal complain.
Carbon tax is too low and not enough people living on the streets.
Carbon tax is needed to offset the money printing.
Investing in this economy is a hell at times for the average person that wants full control of their finances, Even investing in ETF stocks can be risky
Well, I gotta admit, I took a hit in the profit department with my stock moves. But hey, every red chart has a chance to turn green, right? Time to step up my trading game and flip that chart for the better.
The question to be asked at times is not if the government or the economy is responsible for the sudden dramatic shifts in the economy but if we are taking the necessary measures to avoid making losses no matter the situation even if the pay roll is not in your favor.
One of the reasons i follow up these stock videos is to improve the returns of my investments and i can’t really say I’ve been seeing noticeable change though …. I’ll keep following to improve my investment philosophy anyway and find better ways to create smarter investments.
What would you consider the necessary measures though? I was at a seminar two days ago where investors gave their opinions on how we can better investment for proper returns.
At times not just creating smart investments but buying assets can improve your profit margins in the long run.
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
Hello, I’m 47 and I am not worth much yet , please help me out. Bought my first house last month and I can't seem to make any other smart investment.
wanted to trade, but I got discouraged with the market price fluctuations
Can you recommend a guide for me?
Haven't you heard of Expert Chrissy Barymoer ?He gives excellent guide on the right stock with high dividend
The problem in Canada is the government regulations that is dumbing down business and investments with ridiculous rules and taxes
Not enough competition , bureaucracy , monopolies, cronyism besides some basics outlined like skills match for actual jobs that exist and will be created in the future based on innovation ?
@@jay1645 yeah i am talking on my channel about this if you wana comment about this
Things will get even worst in 5 years or so, this what happens when you don’t invest in business and invest in houses and the whole country is made buying houses.
This whole thing needs to be turned around, and fast - people in the US and other countries are just people, like us, Canada has huge potential in recourse's and people, why aren't we taking advantage of it
This guy is 💯 % correct
Wages and taxes are the biggest issue. Skilled workers are leaving.
yup SKILLED LABOR ISN'T CHEAP = cheap labor isn't skilled......o well....ho hum.....here i go again....puff puff. Gotta go to work at the garage....may find cheap parts, today to pay for xpensive g a s. ......hmmm. gas. ? WE have a '' gas hole '' for Prime Minister. ....hmm. prime. ' I NEED TO GET PRIMED UP - SO AS TO FIND A GUN.......one with 2 barrels, ( 1 for him and other for freeland )
We need an election now!
Yes yes yes
If election and democracy system works, why JT is on power since 2016, and Canada is getting worse and worse. Election is a civilians game provided from top class . You usually only have two options. Candidates are also provided from top class. When they went for power, the main thing for them is to fill their pocket, second thing is to do very litte thing to buy votes from small group of people for next election.
We should buy stakes in energy exporting companies. All those foreign companies that are exporting our natural resources are mostly American. All that capital gets exchanged for USD and fails to benefit the CAD.
I love the stark disconnect between these fund managers and their lack of understanding of technology.
not even a clue.
F, TRUDY
Canada's combined provincial and federal deficit is much higher than the American's state and federal deficit as a percentage of GDP so the fiscal situation is worse in Canada.
What happened in 2015 when the canadian gdp per capita started to fall in relation to the US gdp per capita??
Ask any Canadian or immigrants, they are under burden of huge taxes on every sector. If given an opportunity, they will move to USA. Government definitely needs to change mentality of heavy taxes and social spending(free money).
Irresponsible to compare tax rates while ignoring that includes healthcare in Canada but not in the US.
Never heard of medicade and medicare eh?
Do you mean the healthcare that is failing spectacularly that a Canadian province now has to send cancer patients to the US because they can no longer treat them in Canada? Or do you mean the healthcare that is so bad you have to wait years to have a family doctor or have to wait years to be seen by a specialist?
Medicare and Medicaid have nothing to do with the conversation at hand. Medicaid is for poor people: as soon as you are paid only a little above min wage full-time or better you no longer qualify for Medicaid. Medicare is only 65+. A business without massive amounts of min wage employees will have 98% of their workforce NOT be covered by Medicare or Medicaid… meaning if you open a business in Canada you must pay taxes, and if you open in US you must pay taxes + healthcare.
Large businesses always have more negotiating power for health insurance. Even with that, publicly traded companies most often pay MORE for healthcare than they do in income taxes. Taxes are (somewhat) low in the US but you almost certainly (with 50+ employees) then have to pay for the insurance most industrialized countries include with the taxes.
@@Joe-ij6ofeven so it never fails to astound me that with all the advantages of the Canadian system you seem to be advocating about, it is a failing system and is most definitely not better than that of the US. As the population ages, the Canadian system will just get more expensive. If they cannot afford to maintain it now, how can they afford it then?
We are currently ranked dead last in healthcare services for G7 nations.
This lady always try to influence the guest speakers. She is not a professional host.
Very informative 7 minutes and easy to understand for all levels.
6:10 Fortune favors the bold.
Suggesting that growing the "GDP pie" would spread accross to all people around the country is a basic misunderstanding of the canadian economy.
If you want to truly target the wealthiest Canadians your capital gains increase shouldn't start at $250,000 it should start at $2,000,000 or more
Canada's on a path to shit. 100% of my investments are in the US.
Could you invest in the US as Canadian ?
@@Leatcode yes, we can all freely invest in American stocks, S&P 500.
@@TDK2K That's sounds great , could you suggest some platforms ? also do I need a US bank account ?
How to transfer money to USA from Canada? What's the tax for capital gain from us market?
Batteries over semiconductor development is not the way to diversify an economy...
The American economy is fueled by the State of California and New York City, which both offer free College education. The GDP of California is double that of Canada. I don't have any numbers for NYC, but I'm sure it's greater than our GDP.
PS- The top Canadian Tax Bracket is 33%, not 54%. The top American bracket is 37%, 4% higher than ours. Additionally, property taxes are 1/5 the State of Florida and 1/3 the State of California. But they have very affordable Colleges. You get what you pay for.
Higher education is much more expensive in USA. 😂 Check public university tuition for state resident in California.
You forget about province tax and goods tax. Canada income tax is much higher than USA is no doubt. And middle class is shrinking. More people live with welfare. Canada house is much more expensive than USA. Wage is half.
New conservative leader will have a hard time fixing Trudeau’s mess.
We need to be growing the pie for sure, but let's be honest, our current government policies is to grow the capita through unprecedented immigration levels.and reduce the pie by creating the conditions to keep inflation up.
How do we balance budgets,,, stop spending outside Canada, stop massive immigration (we can 't support everyone), stop blaming rich people, stop buying votes. Small government, simplified tax system... The Carbon rebate scam is simply a wealth transfer. We will continue to lose investment and businesses in Canada.
Move all your portfolio to the US, unless you're happy with old dying economy that is called Canada (i.e. energy and oligopolistic financials/telcos)
I did. I hold 1k canadian dollars
It's still a gamble .. 5 stocks create momentum in the markets and debt to gdp rising like the guy said there so better diversify imo lol
Dislike this interviewer, she is far more interested in a political agenda than the interview
There is no advantage of starting a new business or investing in Canada!
The Canadian dream is to leave Canada 🇨🇦 Bad weather, bad health care, high taxes, and overpriced housing are very good reasons to leave!
It's because new rental units are over $1800 and starter home mortgages are $1800+
All our money is going towards shelter and food.
Liberal politicians and liberal voters need to watch more BNN. Our lives would be so much better if they understood even basic economics and finance
This guy knows…I’ll see that CAD at .50 before years end
If we don't change the trend? Pray tell. Prayers
Yep am moving to Texas.
"Growing the pie", "higher wages mean inflation", yeah, sure.
I’ve been to Canada. Just an anecdote.. they aren’t very smart.
💯
Canadians needs to stop thinking like socialists
Good questions. Corporate and personal income tax is lower than the US.
Direct correlation between GDP per capita going down and when Trudeau took over
This is clearly not the guy from whom you want to ask complex questions 😀
Half brain but at least sees some problem lol
The Canadian Liberal government is more concerned with ideology politics rather than GDP or a balanced budget. If it doesn't give them the "feels" they aren't interested. Ya RIP Canada right now.
Somebody's making an awful lot of Bonnie right now and it isn't the American people
Just came back from Mexico it's booming.
And lets not forget the elephant in the room....the Century Initiative and Trudeau's excessive imigration policy. Results in shortages of housing, medical services and daycare, among others. Acommodation of massive influx of new people requires large investvent to increase infrastructure capacity (greater population density, more road, electrical network, public transit), leads to adverse impact on environment (pressure on energy needs, water resources, land use, more difficult to achieve carbon reduction targets for Canada). Added up, this bears a high economic cost that impacts all Canadians. Would be a significant cause of dropping GDP per capita.
It’s a wash. As an entrepreneur I take on so much risk, yet after hiring 14 employees , after taxes, I’m still no better off financially than when I was an employee. I still pay over 50% on the income I draw, it’s painful, what true incentives do I have to keep my business in Canada and cutting payroll? I’m better off offshoring more and changing my tax residency to a low tax jurisdiction and moving my residency to low tax jurisdiction. It’s a loss, I loved what Canada was , but this now is a waste.
Yes - imagine government taking 54% away and wasting on our kings vacation.
With our dear leader, Trudeau, I'm very surprised the economy in Canada is turning to shit.
Oh don't worry we are the best country in the world, we have the lowest debt in the g7 and lowest gdp ratio, we can't have a plan for the economy if we don't have a plan to fight climate change lmao
Don't worry keep eating the crap that Raptors/Drake and Turdeau feed you, don't look at the fundamentals. Tired of this crappy era.
WW3 just kicked off, oil prices are likely going to go up a lot, and Canada will likely be forced to pick up the slack for supplying oil to NATO allies. Once Turdeau is gone, the CAD is going to rocket up in a big way. I converted all my CAD to gold when Turdeau was elected, I'm enjoying nearly 75% gains so far. I'm remaining short the CAD until PM trust fund baby is gone. Once he is gone, Canada is going to be an economic powerhouse, if only we could get some good leadership.
Canada has a voting liberal issue, how a nation never learns from its past mistakes really blows my mind. There hasn't in the history of this nation EVER been an inexpensive liberal leader. But true to symptoms of stockholms Canadians go back for more, it's a psychopathic cycle of liberal debt, followed by conservative solutions only to go back to liberal debt once more bravo 👏🏾
Federal government sees this and thinks we need to raise income taxes
He's absolutely right. I'm not sure the left and liberals have enough perspective of the dissuasive nature of high taxations and low services
Thank God I’m dual.
Is this GDP thing linked to quality of life, purchasing power? I don't know if I trust these metrics, suits, equity guys or economists anymore...I don't think their theories serve my interests. Why should I care about their metric? Why should anyone I vote for care?
If I was 20 years younger, I'd leave. At least my money can leave though. Many under 40s that can leave Canada for the US are doing just that.
We need to have our people getting metals, gold, copper, lumber, nickel, oil,..out to markets. Not flipping burgers, doughnuts, or growing the size of public sector… This will raise our productivity. Taxes paid by CEOs? Come on..this has nothing do…
I think his point is that we are taxed way mre in Canada than other close competitive countries. There's no incentives to come and invest within Canada. BOC has stated on March 26th 2024 that Canada has a dire need for more investments to help productivity.
"When you compare Canada’s recent productivity record with that of other countries, what really sticks out is how much we lag on investment in machinery, equipment and, importantly, intellectual property. The global economy continues to change rapidly, and in many sectors, it’s not machinery and equipment that are key-it’s investment in intellectual property. Increasingly, companies need to own or have the rights to patents that will allow them to compete by adopting productivity-boosting processes."
"Economists and policy-makers across the country have worked hard to understand the root causes of why Canadian businesses seem reluctant to invest."
In Canada's case, a way to incentivize this would be to lower taxes in order to attract more talent and investments.
CORRECT ! REAL WEALTH, COMES ALL OUT OF THE GROUND ! Taxing anything else, is just ' recycling the $$$ allready out there ''. And, due to the 100 people or so , very RICH $$$$$ - RULING the rest of the planet, HOARDING AND GATHERING IN , ALOT MORE FROM US .....o well..
Who is going to bust their ass 90 hours a week to build a business when you end up in the exact same place as someone working 30 hours a week at Lowes....There is no future in this country with the way things currently are. Any Investment in Canada is just throwing money away
She asks, how do we balance the budget if taxes are low? Well maybe don’t expand government spending and federal payroll by 40%. That might do it. Twitter was loosing 5 million a day when Elon took over and then he put a plug in the wage drain overnight. The same thing just happened in Argentina and it seems to be working. I have worked in federal government buildings and it’s sick how little people do.
4:56 Bloomberg: "How do we balance our books if we're cutting taxes." Tardif: "I don't know." What a tool.
One of the main reasons why Canada's productivity isn't increasing is because Canada continues to rely on the oil and gas industry. The loonie is a petro dollar. It goes up and down with the price of oil and the long term trend for oil demand isn't looking promising as investment in renewables exceeds fossil fuels annually. Nation after nation is investing in renewables and energy storage to fight the climate crisis and achieve energy security. China, the largest auto market in the world, reached 48% EV sales in Mar 2024 and continues to grow. China is now diverting oil imports to its petrochemical facilities to manufacture value added products meanwhile Canada is content in exporting just the raw material.
Canadian advantage is not taking risk? ....
Just a few million more Pinders, Tinders and Preets delivering Door Dash food.....
This should be all it takes to get us to that utopia.
Our Currency will not drop to .50 $...... we have too much natural resources to back the Dollar. Fed needs to tackle the deficit.
Such a low level analysis! All he could say was taxes!
Uneducated populations elect incompetent socialists who ruin everything.
Canadians have Mary-Jana:)
Our current governments have really outdid themselves with regards to piling on the debt over the past few years. Looks like the party is over and someone has to pay the bill. Government has no clue how to get this under control so they are setting their sites on the taxpayer. I guess we should prepare for pain. We keep electing these folks who make all the nice expensive promises.
Canada has a huge housing bubble with no plans to prick it. This is malinvestment when so much capital is put into non productive real estate. We need to have this capital reallocated into profitable companies. Canadian banks are also at risk with so much invested into mortgages.
Actually if the Canadian dollar is so low investing in Canada will be easier not harder.
But if it keeps falling then your investment is worth less as times goes on.
Please don't vote but if you must conservative
"I was born here, I love my country." He lying😂😂
Stop sending money to other countries! Stop printing money!
The host doesn't seem to grasp that the high taxes and being risk averse may be part of the problem not positive things.
The main problem is Canada’s woke Pelosian PM.
Tax the heck out of financial services profits or regulate them.
With the dollar tanking it'll bring in tons of foreign money to buy real estate .. which will keep housing unaffordable.
Bitcoin thoughts?
The host should let the guy speak and stop trying to justify the feds bad choices
the year is 2024 and his solution was really to lower taxes on the rich ? does he have internet access ?
We've been on this track for how many generations? 2 at least. Brics economy's been growing while the g7 been shrinking. Since they past us in 2020 we are still falling while they are still growing.
It was predicted years ago.