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In this episode, Canada's economy shows indications of improvement, according to a TD Economics report. Despite a soft economy, the Bank of Canada can proceed very carefully with rate of interest decisions. GDP grew by 1.7% in the first quarter of this year, with consumer spending contributing substantially, though it is anticipated to cool off due to greater borrowing costs, tighter migration policies, and a softening labor market.
Also in this episode:
OSFI keeps capital buffer for Canada's huge banks constant at 3.5%, showing careful optimism about the financial system's stability.
Nvidia exceeds Microsoft to become the world's most important business, driven by a boom in AI technology and trading activity.
British Columbia reports a substantial gender pay gap, with females earning 83 cents for each dollar earned by males, highlighting ongoing concerns in pay equity.
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i m not beting on this
Hey Mike. I’m with you. The study itself is relatively thought out, but who knows. I wouldn’t place a huge amount of money on it either.
Tesla will overtake them all.
I mean with a government that doesn’t care about the economy its only up from here
I mean?
Didn’t graduate from grade school??
@cro38363 what a pointless comment 🤣
@@cro38363you must be brain dead. That’s the only reason I can think of that you’d make such a dumb comment.
It can’t possibly get worse!
Government: Hold my beer
How about a rebound in TD’s stock price
LOL. Indeed.
Lol if they really knew what was going up why are they so down do we really need to hear what they have to say
They can’t. Too busy figuring out how to hide the real drug money.
Seriously!
if they would stop getting into trouble with drug cartels etc it might help.
It sounds too optimistic.
*the question we should be asking is what is past track record of TD Economics projections & predictions and how accurate are they*
🤣🤣🤣🤣🤣🤣 unemployment is at its highest since 2017 and debt has more then triple per capita…We are heading for a full recession.
More like deflation than a rebound.
6:40 The gender pay gap being wide in BC is because many men work in resource sector jobs. These pay well. Women can seek employment there as well, they just chose other careers.
It would be better if the “gender pay gap” tracked men and women’s pay in the same field. IE: Does a male McDonald’s worker earn more than a female McDonald’s worker. It should be comparing apples to apples, which it currently doesn’t do. Does a male oil rig worker earn more than a female nurse? Yes, he does. Does a male oil rig worker earn more than a female oil rig worker? No, they earn the same if they both have the same seniority and work the same hours at the same job class.
Shhhhhh, not allowed to be rational
I understand your point but He also literally said women in forestry, hunting, and fishing earn $0.55 for every dollar their male counterparts earns in the same industry. What’s with the “anti-woke” reflex to explain away the gap instead of digging a little deeper into the study’s methodology.
@@zazea35Yeah but you’re still jumping to ONE variable in what has to be analyzed as a multi variable analysis. There are probably upwards of 30 variables to be analyzed. Just off the top of my head I’d be willing to bet my left arm that hours worked is a far greater determinant of overall pay than say something like sex. I’m not sure how you could even qualify such a variable. OP is absolutely right. You’re just reacting reflexively because you’re politically motivated.
@@zazea35 men tend to work longer hours… And are more likely to stay working in forestry and hunting for longer so there are more male seniors earning a higher wage….
@@zazea35 They are comparing sectors but not jobs. If you are a receptionist for a logging company, you will earn less than a logger who actually cuts down trees.
Also they do not compare hours worked. If a male McDonald’s employee works full time, and a female McDonald’s employee works part time, the male will earn more even though they are in the same industry doing the same job.
The method of acquiring data for the Gender Pay Gap is wrong to start with, the whole thing compares apples to oranges and presents it to the public as if it was comparing apples to apples, which it doesn’t.
So gutted I won’t see you guys in Calgary this summer. I’m out of town then. Have fun out here.
Pay gap is mostly due to the production capacity or their skill set. Not because there are deliberate pay gap due to the gender. Look at the list of higher gap, it follows the physical power to specific skill set. My 2 cents anyways.
Also you have to pay more for risk. Men are typically risk takers, you won’t see many women work in refineries for example so all those good paid jobs there are occupied by men. It is not any kind of discrimination, it is based on prevailing choices of each gender.
Some damage has been done and because interest rates will come down slowly the next few years will be meh.
5:00 I don’t think one company holding up the stock market is something to be ‘positive’ about…
Thank you for making this content, Marc! It’s very interesting to listen to, and there’s not a lot of people who cover the Canadian economy.
Hey Daniel. I appreciate that. Cheers.
They were boosting the failing GDP by importing millions of spenders. Canadians and new Canadians have been running which has slowed spending
How about pay break for worker ?
We have an economically illiterate PM and Finance minister. Until they are gone, it’s best to stick to the US markets
PBO estimates Liberal economic policy will hamstring Canadian economy to the tune of $30 billion. Recovery to what? Mediocrity? Sweet.
Does the gender pay gap account for only same type jobs? OR, is it more lies comparing jobs women want to work (daycare, social work, teacher) vs high paying jobs women don’t want to work (construction, sewage, farming, etc)?
Also, does it take into account experience, education, and job hopping (the fastest way to get a huge boost in pay)?
One of the questions is why a construction worker with no education earns more than a child care worker who went to school for training. I would think we value our children enough to pay fair wages. And nurses also get education and training and yet are paid less than many traditional male jobs. Some would argue it’s because the ‘male’ jobs are more dangerous, strenuous and longer hours. I would argue nursing has all those qualities. There is also a huge demand for nurses. Just something to think about
it better rebound because my retail stores are in the toilet.. its getting worse last 3 months.
They are getting equal pay but these reports are so misleading. They dont break down the hours worked/time off etc