Well, the economy in Canada is just BOOMING! With the blowout jobs report the bank of Canada has no choice but to raise interest rates.
But what’s the REAL data showing?? Are we in a recession right now? If so, what’s the playbook?
#bankofcanada #InterestRates #Trudeau #Economy
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BREAKING: Recession News
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🔴BREAKING: Bank of Canada Signals NEW Recession Warning!
The Bank of Canada has issued a new warning indicating that the Canadian economy may be heading towards a recession. This announcement comes as a surprise to many, as the Canadian economy has been showing signs of recovery in recent months.
According to the latest statement from the central bank, there are several concerning factors that have led to this new recession warning. One of the major concerns is the ongoing global supply chain disruptions caused by the COVID-19 pandemic, which have led to increased inflation and a slowdown in economic growth.
Furthermore, the recent rise in interest rates by the Bank of Canada is also expected to have a negative impact on consumer spending and business investment, further exacerbating the economic slowdown.
In response to these warning signs, the Bank of Canada has indicated that it may need to implement additional monetary policy measures to support the economy and prevent a full-blown recession. This could include further interest rate cuts or other forms of monetary stimulus.
This news is likely to have a significant impact on financial markets and investor sentiment, as the prospect of a recession can lead to increased market volatility and a sell-off in equities.
It is important to note that while the Bank of Canada has signaled a new recession warning, it is still too early to predict the exact trajectory of the Canadian economy. The central bank will continue to monitor economic indicators and make necessary adjustments to its monetary policy in order to support economic growth and stability.
In the meantime, Canadians should remain vigilant and stay informed about the latest developments in the economy. It is also advisable for individuals and businesses to review their financial plans and make any necessary adjustments to prepare for a potential economic downturn.
Overall, the Bank of Canada’s new recession warning is a clear indication that the Canadian economy is facing challenges that need to be addressed. With the right policy measures and support from both the government and the central bank, it is possible to navigate through this uncertain period and emerge stronger on the other side.
Dude I'm surprise Trudeau hasn't shut down your channel yet. Too much hard facts bro.
Thanks for peeling the onions.
Thanks. Love your analysis!
we get very little hear in Canada thanks for the up date news that is
Either rent or buy…recession or not you have to live somewhere…and probably close to a job.
Kick them off the welfare for life program. Turd should be told that they don't vote. They are freeloaders
THE ONLY ONE who tells it RIGHT not ike all the other ones with the YouTube AGENTS with the blah blah blah and the fave topic is DOOM and GLOOM
I have beem noticing at all the stores I shop at how many seniors are now working.
Like your channel, very informative.
Do you really have to use the F word.
Just discovered your channel, wow, thanks for the straight information
So for a flipper, buy NOW, 3-4 month Reno, big RETURN?
Your objectivness is much appreciated, thanks!
Stay steady for progressive interest rates to climb. Fake propaganda on. Jobs and GDP.
Sure appreciate these videos! Hopefully Canadian people wake up and realize it’s time for Trudeau to go! I’m in alberta so we don’t do anything the feds say if we don’t like it. Best Premier here since ol Ralph.
And you think you’re safe in Florida ! Think again as there’s nowhere you can run to or hide.
Maybe they have secret agenda or hidden plan like great resetting
I've heard a few people say real estate will take off once they stop raising rates but I don't see how. Even if rates start to drop, they're not going to be back near 2% any time soon and housing remains wildly unaffordable at current prices. I just don't see the demand being there unless prices come down significantly which could possibly happen as people start to list their houses they can't afford anymore at current interest rates. Do you see supply increasing and prices dropping enough to create the demand?
Rate needs to keep rising. ❤
People need to stop taking advice from banks and government. Specifically the current Libtard government. PS Who ever put the libs in power for so long, FU. I hope you need to sell your house.
The province that contributes the most to the unemployment is Quebec.
Man you live in a bubble get more real by the time they lower rates people would have dipped in to their savings and they still won't have enough to put down on this so-called housing boom thatid is gonna happen by millenniums irreal man
my masonry business took a dive, no high end finnishing. so i went into a basic trade,, carpentry. took a pay cut… Vancouver BC. !! me and my family dont spend money now.. we know bad times a commin…
Bank of Canada says economy is not heading for a 'serious recession. Remember when they said don't worry about interest rates climbing, they will stay low for a long time. Trudeau must go!
It would also be great to see how many people are on social assistance as well.
Meanwhile back at the ranch rates will go up on Oct 25th. This clown doesn’t know anything!
100%
There is something in economy called stagflation. This inflation is sticky and not going anywhere therefore the BOC will not cut rates anytime soon.
its gonna be bad this time. look at the lvls of private/commercial debt. there is no way this one cannot be super bad unless they start lowering rates in which case inflation will skyrocket again…
Would not be surprised if the government tries to censor this smh
Great video!
We need to ban WEF, Trudeau, NDP, and their brownshirts. Great, let's bring it home. But, are we going to wait until Trudeau has Canadian citizens being loaded aboard boxcars in the dead of winter, because it's the law?
SHUT DOWN OUR WEF GOVERNMENT!
LOL great video bro thanks
no caps on mortgage amortizations is naturally inflationary. since home owner can continue to pass the cost down. rents will not go down until housing supply increases and we hit a certain percentage of defaults. I think that’s the key metric for housing inflation. A small percentage of the population will have to lose their invenstment properties first.
if everyone gets a 3rd job to keep up, the BOC will have to continue raising rates.
inflation will persist above 3% for another year.
Truth
There will be no floodgates of buyers. They cant get the financing. At 5% they need to be approved for 7%. We are at 6% for 5 year mortgage. They will be lucky to still be employed. This is history repeating itself.
The sleepers dont stop spending until the news tells them they are in a recession. That has finally occurred. Contractors have been feeling it since August. Even the real estate agents are admitting it now. You know were in deep when the people in denial admit it.
Rates are going up for sure this October 25th.
So no selling in now? Hold and Wait?
I understood you to say no more interest rate hikes for Canada, and as soon as they announce no more interest rate hikes housing prices will go through the roof. You also said recession for Canada mid 24 ; it sounds like a contradiction.
Do you think Israeli–Palestine war will effect Canadian economy?
How the rothchilds became rich: decieved everyone with fear then waited with a rake to buy up stocks for cheap after everyone sold out.
How they own industry? Woke-monger them until they comply, they go broke because no one supports them for being woke, then the elites buy up the companies that go bankrupt.
So the whole thing with banks: agenda is to collapse the system to initiate a digital only currency.
End result: global elites own everything and micromanage your life communist style.
I love the straight forward information this guy gives.
Don`t forget they are using all kinds of scare tactics in war fear is the best tactic that motivats people
Your thorough and objective approach is appreciated.