Avery Shenfeld, Managing Director and Chief Economist at CIBC Capital Markets, talks with Monetary Submit’s Larysa Harapyn about what’s subsequent for the financial system and the loonie after the latest announcement of Canadian GDP.
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Are you kidding? US is closer to rate hike?!
Stagflation and hypertaxation,that's what.
The story is not covid: Trudeau is the disease.
His father who atleast had an education did the same irresponsible thing.Both broke into the Treasury.
7:12 my man, there is no mystery. Employment numbers are good but GDP isn't. This is because the people who are employed are mostly part-time or they get paid just enough to feed themselves (hand to mouth). They don't have money left to buy yachts (sorry in this case, rent or own a proper house)….
The BoC will now lower interest rates and sell off the Canadian dollar, to make Canada "more competitive". (and to keep Canada's massive debt payments manageable) After all, you can't promise new spending, if you have to pay back what you owe! No G8 country is "getting closer" to raising interest rates. They are all fully paid up members of the "dead beat borrowers" club. And yes, everyone has been "propped up" with phony money from Government, so it's all good. Life will continue …until the music stops.
Remember, as the Liberal Party of Canada we gave anyone who applied, whether legit and illegal, thousand of dollars in SERB payments "no questions asked", and we gave failing poorly managed businesses even more! So, we're expecting your vote …if you want any more. Remember… we can't give, if we don't get!
Quick folks… borrow against the house, to buy stuff and create even more "shortages"! Push the economy even "higher". Oh… Car manufacturers are shutting down production lines due to IC shortages.. quick, buy cars as "investments"! Quick everyone… look over there!!!
Surge, surge, surge… that's all they see. Pent up demand in everything. And it appears that Canadians magically "paid off" all their debt during the pandemic! What fantastic "savers". Amazing financial maneuver, made by those living in one of the most indebted nations.
Most of these clips from FP are either misinforming propaganda, or unapologetic nonsense! But it says something about the typical. wide-eyed Canadian child listening to this. Canada has very little alternative media content that serves to inform people on relevant macro economic matters, real estate or geo political issues. FP is a poster child of stupidity.
fantastic 👌goals how cute is this
USA is the leader of the world
India is the leader of Asia
Jai Hind 🇮🇳
I'm Canadian and nobody. However, I'll use pure logic to answer all problems of Canadian economy and whay there is problem. Imagine you build house and you finally get rid of rent. That was your dream naturally that's a dream of all human beings. Now imagine instead of house we build our country that a also your house in many ways. Now imagine you privatised your house and you've privatised every room to different owner. Now you want to go to washroom and you've to pay to use it so as any part of your house that's own by same oder owner. Imagine that each part in your house is infrastructure. How econonical would be for you to privatised your house. Not very economical at all when you use anything in it you've to pay for it. Besides you cannot improve or change anything. It's the same if you privatised country's infrastructure and resources. You've no control over your country Sam's as you in house that you rent. Whay would anybody privatised public infrastructure and national country reasourses and who on the rearth has given rights to those so called elected officials to do that?? I as a Canadian have NEVER heard any journalist ask that question. If anybody would he would get fired instantly. That's a reason that nobody ask right question in our Canadian supposedly free media. Now we go back to Canadian privatised economy. So what Canadian elected officials can do to Canadian when infrastructure and resources are in private hands. Canadian government had nothing to govern or manage. Canadian government might be elected by the people but he is not going to work for Canadian who elected them he is going work for those WHO owns all Canadian resources and infastructur. That's the way when you sold/privatised your ass now you can not shit anymore unless you pay if you do. Now you know why Canadian economy has problem. If you rent house it means you don't have house any more that apalys to country too if you privatised it too. Video host can talk but real reasons whay Canadian economy doesn't exist because is privately own and controlled. I'm really happy Canadian because I pay rent price as owner tell me too. Final point Canada exist only on the map. When somebody own your ass then tell me what you have???
Truth…this country is bankrupt….the collectors (China and the New World Order) are simply waiting for the opportune time to foreclose… You will own nothing and be happy. This is what complacency has gotton you…modern day slavery.
American first ,if American down,Canada first.
Raise interest rates! If our economy can't function without free money being created out of thin air then our economy can't function! Stop ruining the future of our young by creating money to boost the asset prices of the old. Our economy is corrupt and only serves those who are already wealthy. Why would anyone bother working??
The biggest problem is the banks which are controlled by elites. Normal people could never understand their game.
The disease is entitled socialist policies. Government intervention or even threats of government intervention scares investors. It's not like they put their money in their pocket and wait either, they opt to invest elsewhere and we lose the opportunity. That's what happened with Notley and the NDP in Alberta, an estimated $60B in prospective investments scared away to be used elsewhere.
Nobody paid off squat. That's a bold faced lie. Some, who ran home to Ma and Pa paid down debt using their government checks. Today, Canadians are back at it. Packing on debt like nobody's business. And why not? Interest rates are next to nothing and their overpriced homes "guarantee" the loans. What could go wrong? NEWS FLASH: The BoC makes like they have unlimited means to manipulate the economy. It's just not so. This juggling act is getting old, sooner or later a ball will drop, or another one will be added. Bet on it.
wonder what our actual GDP would look like without all the money laundering in our real-estate
We need a change in this country. Trudeau has got to go. I remember being an influenced millennial still in my early 20s when I saw an opportunity, he wanted all Canadians to see. Today after 6 years of observation and active political interest I feel that he really needs to go. Think about his mistakes and his scandal plagued Liberals. One after the other, The Aga Khan Chapter, Costumes in India (laughable), Costumes (black face), SNC Lavalin Scandal, Groping Allegations, oh and the most forgotten WE scandal. I don't even like to call it a WE scandal. It seems that we all forgot about this scandal because he was fortunate for COVID to take the limelight away from him. All these things surfaced in less than 5 years. I am surprised he survived this long. Long ago I felt we were a great nation that provided a good life for people of all backgrounds. His government changed it. Changed it for the worst. Wake up Canada and please vote!
Path to glory he says. We’re borrowing our way into bankruptcy. The average Canadian mortgage is $335,000. 22% of Canadians have a mortgage over $440,000. Add in the ever increasing credit card debt, auto debt and the fact that 65% of Canadians are living on the edge financially, add in inflation, the future looks bleak. I personally think the borrowing will break us.