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In this video, we're covering a ton of financial news.
We're talking about the BoC interest cut, the current Canadian unemployment news, the United States Job openings falling, the US Joblessness rate, and the most recent Manufacturing PMI report.
Also in this episode:
Fixed home loan rates in Canada dip listed below 4%, using an opportunity for borrowers to protect better offers, though specialists advise caution on early break charges.
Canada Goose is gotten rid of from the S&P/ TSX Composite Index due to a decline in its share float, signifying a substantial shift in its trading focus towards the U.S. markets.
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Stagflation??
Thanks for the video Marc. Thats really good information to have, to see how solid some companies are, if they are not too affected by this job report.
Great knowledge, thanks
Also just a heads up: the 2 year – 10 year yield curve recently UNINVERTED!
You know what the means…. 😬😬😬
Giant crash? I’m new in the game.
I know right! Am thinking of doing up a video updating that if I can find the time.
What wage growth? Everybody I know didn’t get a raise since covid, and if they did, it was a tiny one, except if you work for the federal or minimum wage of course.
I got a pretty good one, but I’m in a union…
@@roberttaylor3594Mr money bags over here. Being part of an union which will vouch for you is always good.
well, that kinda sucks. I heard people saying a few month ago how hard it is to find a job…time to buy DOL, since we will all be shopping there soon. 😉
instead of paying a bunch of bureaucrats to spend months collecting statistics the government should just walk into a local factory and ask the employees how many hours they are short a month. It would be more accurate.
What does “chase a solution, chase a strategy” even mean? Chasing a rate is very clear – the advice to do something else should be equally clear.
thanks for the rundown
We’re still paying more for less…
I am unemployed for 22 months, and next month leaving Canada. I work in the AI area of IT. Three of my colleagues are unemployed and unable to find a job for months. Not just IT, but many employers are dumping Canadian workers and replacing with young, ambitious and exploitable new immigrants. I stopped trusting StatsCan numbers, as they are controlled by the same Liberal minister, and the head of StatsCan is an Indian where most of the new immigrants are coming from. StatsCan missed many key numbers, and they must be manipulating the data to downplay the issues in Canada. Many Canadians are suffering and angry at the Liberals and NDP. We are waiting for the election.
There’s no excuse for being unemployed for nearly the last two years. As an employer, every business I know has been working short staffed and struggling through it. Time to look at yourself rather than blame the government or immigrants. Immigrants are filling jobs current residents are unwilling to do. It’s better to be working in another field while you’re looking for more desirable employment…..thats a big red flag when an employer is hiring. Employers would rather hire someone who has been working at a less desirable job than someone who has been sitting around…it says a lot about who you will be as an employee.
@@user-ff4zc4hs5dwhy would an AI specialist work at Starbucks or Superstore when AI is the future? In my opinion working in another field is losing the opportunity to practice and continuously update yourself with the newest technology and practices, waste of time.
I’d rather go where I’m appreciated and treated best.
Good luck!
Let’s keep doing those 25 bp cuts…
Real rate of inflation is 7%
where did you get this number?
The Canadian economy is really sick. It’s so lopsided to the real estate sector I’m not sure how this sector isn’t primed for a 25-30% drop. In Toronto, so many people have spent 24 years pouring money into the real estate sector pumping up prices it’s created a very dangerous bubble. In Toronto, it seems like everybody poured every dime they make into buying 2nd and 3rd properties and this sucks capital out of other more productive sectors. Homes represent dead money imo. To make thing worse, different levels of gov’t have also leveraged their tax base to escalating prices. Land transfer taxes, huge development fees, GST. Even the agents refused to lower their 5% agent fees over the past 25 years. Developers have also become wildly bloated now saying they need 1700-2000 per sq ft to be profitable….. That leaves us with 13-14 times price to income. This is insanity.
So our general economy has really suffered for a long time because we aren’t focusing on developing more productive sectors.
Quite frankly, all I see is stagflation for the next 10 years for Canada. And we need a big deleveraging from real estate.
We also need the gov’t to completely reverse their immigration numbers until we can get our real estate prices back in line with income levels. With per capita GDP suffering for almost 6 quarters the last thing we need is more immigrants in an attempt to fake GDP growth.
Big shill video
I always find it so funny hearing these reports from the Feds “wage growth is too high”. You don’t hear them talking about CEOs getting a salary cut. Same with unemployment, “job growth is high / unemployment is low”, isn’t low unemployment good? Doesn’t that mean there is more money in the economy to spend… it’s just overall very frustrating