What a great guest! You guys have to get him back asap as this segment was far too short considering the situation Canada is in at this time. He mentioned Jason Kenny who just started a great immigration system and it was thrown on the scrapheap after the Liberals took power. Jason Kenny who was the immigration minister leading up to the 2015 election commented on what would happen with our border when Trump got elected. It seems a mass uncontrolled invasion is headed our way as deportations are started. Jason Kenny would be a great guest if you can get him to comment on immigration matters.
I'm living in Mexico for work at the moment and I'm definitely still getting Canadian immigration ads on social media. I'm not really convinced anything's truly changed.
You guys are doing important work here...getting unbiased data and insights out to Canadians that is hard to get elsewhere in mainstream media. Keep up the great work!!
My favourite podcast which I listen to every week and some of the best guests you can get. This show and Michael Campbell's Money talks are not just entertaining but educational even for old guys like me and can help me make better financial decisions. Young people should spend more time and start at an earlier age educating themselves in finance and economics or at least take a greater interest by listening to smart people more often. Not movie stars, pop stars and other media influencers all over the internet who offer zero insight or substance at all.
Century initiative: 100 million Canadians by the turn of the century... 50 million in the GTA. From Etobicoke to Scarborough, nothing but condos and office towers with retail in the base. We know this is how it would turn out.
Kudos!! This is the most important episode EVER! MUST WATCH FOR EVERY CANADIAN AND EVERYONE IN CANADIAN GOVT!! BRING BACK THE SYSTEM WHERE THE NEEDED OCCUPATIONS ARE INVITED TO IMMIGRATE TO CANADA. WE NEED DOCTORS, PLUMBERS, CARPENTERS , ETC, THAT’S WHO CAN COME TO CANADA UNTIL WE HAVE THE INFRASTRUCTURE TO SUPPORT MORE PEOPLE. MY FATHER WAS A CARPENTER IN THE 1960S, THAT’S HOW HE CAME TO CANADA.
Immigration should be a lever that gets pulled in the direction that is needed, when it is needed. The mass immigration we have had under the Liberal government has depressed wages and created a wealth pump for the oligopoly suppressing the shrinking middle class.
I totally agree with him, BUT there is on problem: we don't HAVE ANY JOBS FOR HIGH SKILLED PEOPLE! We don't have a shortage of engineers... Or Lawyers.. Or Scientists... The shortages are in the medical field, and I'd rather see more local people trained in that then having me pay taxes in Canada to be treated by a doctor trained in Pakistan or Afganistan.
My doctor is from Africa and is excellent so it makes no difference to me at all. And it shouldn't. These skilled types of immigrants should be fast tracked into Canada. If you have looked around the desirability of Canada as a place to move to has been going downhill pretty fast as of late. Every country in the world wants these people. I am not planning on leaving myself but for these types of skilled people there are better options overall of places to live. How about the USA midwest? Low cost of housing, lower taxes, better weather, higher net incomes etc. Medical people get free healthcare in America too without dying waiting for months for treatment. Check out housing in some of these places and the salaries - why would someone choose unaffordable and overtaxed Canada?
Bro the problem is that we actually don’t have doctors from Pakistan or Afghanistan, which are, by the way, much better than Canadian ones; They all do uber and other low skilled jobs because they can’t get fast tracked and get their doc licenses.
My liberal friends wouldn't listen to this podcast just based on the subject and if they did they would just have a knee jerk reaction to the evidence and refuse to believe it.
38:40 Keith, brother, you need to look up how duties and tariffs work. You have it backwards. If someone from the US buys Canadian lumber and it has a duty, the Canadian company doesn't pay it. The US company pays it - it's a tax paid by the US company to the US government. I'm amazed you've never encountered a duty before from buying something internationally, but here's how it works. Let's say you buy a fancy latex mattress made from all natural rubber trees shipped out of Sri Lanka. You buy it online, pay the company, they ship it, and from their perspective the transaction is done. It arrives in Canada and gets hit by the Canadian government with an duty of $200, let's say. The courier covers it, deliver the mattress to you, and then a month later send you a bill for $200 plus their own fee. The net result is I'm down $240 more than expected, the Canadian government gets $200, and the international courier gets $40 for their fee. The Sri Lanka company didn't even know anything happened, other than I'm less likely to want to buy from them again. I only point it out because you seem to have the same confusion as Trump that foreign companies pay tariffs and duties. Instead, it's much more accurately thought of as an extra consumption tax (eg. GST, PST) that's only applied to imports and paid by the receiver.
Yeah that's a pretty big hit to any confidence in Keith's opinion. You can discuss potential pros and cons of tariffs, but who the cost of tariffs falls on is pretty much economic fact and if he doesn't get that right that's pretty amateur.
I think he knows how international tariffs work. What he means is that canada get hit by those duties, in the way of exports volume. Since products from canda will be more expensive for US users they will order less, thus reducing candian exports
@@maddoxxiebingo. Short term pain as consumers pay higher prices, but you get the long term benefit of bringing back the good paying manufacturing jobs. It was the reverse before, consumers saw cheaper prices on goods as the manufacturing base was hollowed out. Classic, trading short term gains for long term pain. If you look at where those manufacturing jobs were shipped to, the ones doing those jobs had an increase in standard of living, and better quality lives.
Biden's first move was killing the Keystone pipeline. Trump has vowed to undo every policy move Biden made. I hope Keystone is a priority for him although the market would dictate whether Keystone is feasible or needed anymore. I believe most of the oil would be headed to US refineries and exported and this creates American jobs plus brings in tax revenue for the US government let alone profits for the oil companies.
Regarding Keith's comment about US tarrifs would make prices cheaper for Americans... Have to disagree with that logic. If US imposes 10% tarrifs across the board on imports (which they won't as Trump is simply trying to get a better deal being the negotiator he is) Canadian exporters would likely have to raise prices 10% to America to cover increased costs. Think of Canadian exporters with 3-5% margins. They wouldn't operate at a loss. My point is that increased costs are always passed onto the consumer in the end. In this case the US consumer.
The point of tariffs is to gain leverage in negotiations. You're correct that exporters couldn't operate at a loss, for long. Those jobs will go to the USA if terms aren't met.
It's about the long term vision of bringing back good paying manufacturing jobs to America. You won't see the full effects overnight, it is a lengthy process. In the short term Americans are going to pay higher prices, and in the long term they will benefit by having a much stronger manufacturing base. It is considered a national security threat when the US is so heavily reliant on other countries for their goods. Particularly countries like China where there are a lot of tensions
It's about making imported products more expensive for American consumers so that American companies can compete. Just like the softwood lumber agreement, they made Canadian product so expensive that Americans bought the shitty domestic pine.
I think it's important to remember Trump's plan to impose tariffs on all imports, which will also likely lead to retaliatory tariffs on exports from the US. This is not stimulative at all for the US, and it's even worse for Canada. I think it's very hard to predict where the US economy is heading, but it would be wrong to feel confident about a big bull run in the US economy. Also, with the US deficit going up under Trump, that will put pressure on the USD.
@stevegaspar5191 Dominic Barton, former Global Managing Director of McKinsey , is the founder of The Century Initiative and the architect of Canada's immigration policies. He was the emergency pick to be the Canadian ambassador to China. His wife, Geraldine Buckingham, is Global Head of strategy at Blackrock. His former employer is one of the largest outside consulting companies working with the current government of Canada. Immigration policies are driven from that direction. What Keith calls the blob.
Hahahaha omg 32:20 "why the hell would I be opposed to that? They make my life better." Certainly the most selfish statement ever, also rather naive and ignorant with regards to immigration/policy issues. There is a huge moral issue with regards to whether we should be poaching every doctor scientist and professor from each and every poor country that we can. Because then their citizens don't have doctors scientists and professors. Y'all should let me be a guest on an episode? I'll tell the 100% truth and will explain anything you want to know
Canadian sudents, particularity in STEM fields, also suffer from poorly managed high skilled immigration. Barely enough jobs for Canadian graduates. Employers take advantage of the lower wage expectations and desperation of new Canadians.
I called this result 😂…..I also called a majority conservative in 2025 but I did this as the 2021 election was happening when I said no point of me voting this year as it’s already planned for JT to win….
!!!I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $2m+ before retirement
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Kristine Lynn Weber is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Kristine Lynn Weber, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work.. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Kristine Lynn Weber is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking?
To argue against the idea that no mainstream media in Canada is pro Trump. I'd like to present the example of the National Post who are pro-Trump especially their opinion columnists.
I actually like your guest on this episode. But I'm just so frustrated that apparently NOBODY understands the high level economic impacts of public policy. At 32:16, listen up if you want to learn kids, he wants Canadians to look at skilled educated immigrants, as "my professors, my doctors, my scientists" Just another naive and self centric view. Those were somebody else's professors, doctors, and scientists. Poor people from a different country. And we convinced those smart people to abandon their own to come here for money. So you're happy about the brain drain from poor countries to rich countries. You have no idea how many poor people in poor countries have suffered because we convinced their doctors and scientists and professors to immigrate to Canada. And you don't care. Because you only care about yourself. And obviously y'all don't read much eh?
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
Weak men, like Jagmeet and Justin, create hard times.
Unfortunately weak societies elect weak men like this.
Jagmeet is loyal to Khalistan
What a great guest! You guys have to get him back asap as this segment was far too short considering the situation Canada is in at this time. He mentioned Jason Kenny who just started a great immigration system and it was thrown on the scrapheap after the Liberals took power. Jason Kenny who was the immigration minister leading up to the 2015 election commented on what would happen with our border when Trump got elected. It seems a mass uncontrolled invasion is headed our way as deportations are started. Jason Kenny would be a great guest if you can get him to comment on immigration matters.
I'm living in Mexico for work at the moment and I'm definitely still getting Canadian immigration ads on social media. I'm not really convinced anything's truly changed.
That's not our government. That's immigration agencies based in Mexico trying to make money off uninformed Mexican who don't know the changes
the adds are run by private companies, thats gonna take a while to change. Also the lowered number is still higher than 2019 target so there is that.
I was just there for 2.5 years and I got them too
You guys are doing important work here...getting unbiased data and insights out to Canadians that is hard to get elsewhere in mainstream media. Keep up the great work!!
Thanks, Ian.
Love listening to you guys every week. One of the few perks of being Canadian these days is the looney hour :)
My favourite podcast which I listen to every week and some of the best guests you can get. This show and Michael Campbell's Money talks are not just entertaining but educational even for old guys like me and can help me make better financial decisions. Young people should spend more time and start at an earlier age educating themselves in finance and economics or at least take a greater interest by listening to smart people more often. Not movie stars, pop stars and other media influencers all over the internet who offer zero insight or substance at all.
Meanwhile, China issued permits for 2 coal plants per week to be built last year. But Canada has to perform Hara-kiri for the sake of ideology.
The health of the planet isn't an ideology.
@@Gingercat662 agreed, but that doesn't mean that Canada has to pay the price for China!
Century initiative: 100 million Canadians by the turn of the century... 50 million in the GTA.
From Etobicoke to Scarborough, nothing but condos and office towers with retail in the base.
We know this is how it would turn out.
Great guest! He made a smart move and not forecasting immigration
I thought the same thing and he qualified his comments well as there are very important variables at play here both in Canada, USA and worldwide.
@@stevegaspar5191except saying the reasoning isn’t nefarious. I don’t buy that for a second.
1:04:45 Top 5 best Rich rant ever. Well said.
Kudos!! This is the most important episode EVER! MUST WATCH FOR EVERY CANADIAN AND EVERYONE IN CANADIAN GOVT!! BRING BACK THE SYSTEM WHERE THE NEEDED OCCUPATIONS ARE INVITED TO IMMIGRATE TO CANADA. WE NEED DOCTORS, PLUMBERS, CARPENTERS , ETC, THAT’S WHO CAN COME TO CANADA UNTIL WE HAVE THE INFRASTRUCTURE TO SUPPORT MORE PEOPLE. MY FATHER WAS A CARPENTER IN THE 1960S, THAT’S HOW HE CAME TO CANADA.
Immigration should be a lever that gets pulled in the direction that is needed, when it is needed. The mass immigration we have had under the Liberal government has depressed wages and created a wealth pump for the oligopoly suppressing the shrinking middle class.
Preach brother rich that’s gonna be a sick reel!
I totally agree with him, BUT there is on problem: we don't HAVE ANY JOBS FOR HIGH SKILLED PEOPLE! We don't have a shortage of engineers... Or Lawyers.. Or Scientists... The shortages are in the medical field, and I'd rather see more local people trained in that then having me pay taxes in Canada to be treated by a doctor trained in Pakistan or Afganistan.
My doctor is from Africa and is excellent so it makes no difference to me at all. And it shouldn't. These skilled types of immigrants should be fast tracked into Canada. If you have looked around the desirability of Canada as a place to move to has been going downhill pretty fast as of late. Every country in the world wants these people. I am not planning on leaving myself but for these types of skilled people there are better options overall of places to live. How about the USA midwest? Low cost of housing, lower taxes, better weather, higher net incomes etc. Medical people get free healthcare in America too without dying waiting for months for treatment. Check out housing in some of these places and the salaries - why would someone choose unaffordable and overtaxed Canada?
Bro the problem is that we actually don’t have doctors from Pakistan or Afghanistan, which are, by the way, much better than Canadian ones; They all do uber and other low skilled jobs because they can’t get fast tracked and get their doc licenses.
best observation & point of all the comments here
My liberal friends wouldn't listen to this podcast just based on the subject and if they did they would just have a knee jerk reaction to the evidence and refuse to believe it.
38:40 Keith, brother, you need to look up how duties and tariffs work. You have it backwards. If someone from the US buys Canadian lumber and it has a duty, the Canadian company doesn't pay it. The US company pays it - it's a tax paid by the US company to the US government.
I'm amazed you've never encountered a duty before from buying something internationally, but here's how it works. Let's say you buy a fancy latex mattress made from all natural rubber trees shipped out of Sri Lanka. You buy it online, pay the company, they ship it, and from their perspective the transaction is done. It arrives in Canada and gets hit by the Canadian government with an duty of $200, let's say. The courier covers it, deliver the mattress to you, and then a month later send you a bill for $200 plus their own fee. The net result is I'm down $240 more than expected, the Canadian government gets $200, and the international courier gets $40 for their fee. The Sri Lanka company didn't even know anything happened, other than I'm less likely to want to buy from them again.
I only point it out because you seem to have the same confusion as Trump that foreign companies pay tariffs and duties. Instead, it's much more accurately thought of as an extra consumption tax (eg. GST, PST) that's only applied to imports and paid by the receiver.
Agree with all your conclusions afterward, by the way, and I always like hearing the three amigos talk macroeconomics.
Yeah that's a pretty big hit to any confidence in Keith's opinion. You can discuss potential pros and cons of tariffs, but who the cost of tariffs falls on is pretty much economic fact and if he doesn't get that right that's pretty amateur.
I think he knows how international tariffs work. What he means is that canada get hit by those duties, in the way of exports volume.
Since products from canda will be more expensive for US users they will order less, thus reducing candian exports
@@maddoxxiebingo. Short term pain as consumers pay higher prices, but you get the long term benefit of bringing back the good paying manufacturing jobs. It was the reverse before, consumers saw cheaper prices on goods as the manufacturing base was hollowed out. Classic, trading short term gains for long term pain. If you look at where those manufacturing jobs were shipped to, the ones doing those jobs had an increase in standard of living, and better quality lives.
@@SpiritOfTheLaw indirectly hits the manufacturer
Good rant Rich
make oil great again in canada!!!! LFG
Biden's first move was killing the Keystone pipeline. Trump has vowed to undo every policy move Biden made. I hope Keystone is a priority for him although the market would dictate whether Keystone is feasible or needed anymore. I believe most of the oil would be headed to US refineries and exported and this creates American jobs plus brings in tax revenue for the US government let alone profits for the oil companies.
We need to vote the Liberal Government out for that to happen. So needed.
Trudeau and Jagmeet can't go fast enough
Wow I love this interview, great guest!!!!
Regarding Keith's comment about US tarrifs would make prices cheaper for Americans... Have to disagree with that logic. If US imposes 10% tarrifs across the board on imports (which they won't as Trump is simply trying to get a better deal being the negotiator he is) Canadian exporters would likely have to raise prices 10% to America to cover increased costs. Think of Canadian exporters with 3-5% margins. They wouldn't operate at a loss. My point is that increased costs are always passed onto the consumer in the end. In this case the US consumer.
The point of tariffs is to gain leverage in negotiations. You're correct that exporters couldn't operate at a loss, for long. Those jobs will go to the USA if terms aren't met.
It's about the long term vision of bringing back good paying manufacturing jobs to America. You won't see the full effects overnight, it is a lengthy process. In the short term Americans are going to pay higher prices, and in the long term they will benefit by having a much stronger manufacturing base. It is considered a national security threat when the US is so heavily reliant on other countries for their goods. Particularly countries like China where there are a lot of tensions
It's about making imported products more expensive for American consumers so that American companies can compete. Just like the softwood lumber agreement, they made Canadian product so expensive that Americans bought the shitty domestic pine.
Great guest, I'm going to check out his work. Thanks guys !
Really helpful in understand the bigger picture.
#1 Guest right here .
Great Job!!! Thank You... :-)
Great show, and excellent guest! No real estate update this week?
Duties and tariffs are on incoming, not outgoing cargo
I think it's important to remember Trump's plan to impose tariffs on all imports, which will also likely lead to retaliatory tariffs on exports from the US. This is not stimulative at all for the US, and it's even worse for Canada. I think it's very hard to predict where the US economy is heading, but it would be wrong to feel confident about a big bull run in the US economy. Also, with the US deficit going up under Trump, that will put pressure on the USD.
“It’s the Economy $tupid”
27:00 and let's not forget the government owns the universities that benefited from the foreign student tuition payments
Great episode guys. 💪
Yeah. Nothing seems to change, I still get text from health BC to go for Covid boosters 😮. Junked it but wth.
what are the chances they will change gears and make it easy for Canada to export oil/gas? Will Pierre do this? How will it affect the CAD/USD?
At least he pronounces "rhetoric" properly, unlike Steve... Steve, the way you pronounce it, you need to add the "al" to the end of it.
Would it be possible to put links to Richard's show on youtube in the description?
The young people have got to get off their asses and get out and vote.
Their future depends on it.
Great rant Rich!
Steve was pooh-poohing the Century Initiative...until today. I feel vindicated.
I don't think he was as far as I know. Maybe just shaking his head a bit but he has never really got into it as far as I know.
@stevegaspar5191 Dominic Barton, former Global Managing Director of McKinsey , is the founder of The Century Initiative and the architect of Canada's immigration policies. He was the emergency pick to be the Canadian ambassador to China. His wife, Geraldine Buckingham, is Global Head of strategy at Blackrock. His former employer is one of the largest outside consulting companies working with the current government of Canada. Immigration policies are driven from that direction. What Keith calls the blob.
Hahahaha omg 32:20 "why the hell would I be opposed to that? They make my life better."
Certainly the most selfish statement ever, also rather naive and ignorant with regards to immigration/policy issues.
There is a huge moral issue with regards to whether we should be poaching every doctor scientist and professor from each and every poor country that we can.
Because then their citizens don't have doctors scientists and professors.
Y'all should let me be a guest on an episode? I'll tell the 100% truth and will explain anything you want to know
Great guest. Thx
Oh I 10000% think there was malfeasance. Nothing will convince me otherwise.
Imo, Sean fraser is a younger version of jt. Praying canadians don't fall for "it" again in the future.
Canadian sudents, particularity in STEM fields, also suffer from poorly managed high skilled immigration. Barely enough jobs for Canadian graduates. Employers take advantage of the lower wage expectations and desperation of new Canadians.
This is very True. I was on a team with over 60 data scientists where well over half were recent immigrants. The wages were shit.
I called this result 😂…..I also called a majority conservative in 2025 but I did this as the 2021 election was happening when I said no point of me voting this year as it’s already planned for JT to win….
Damn you guys are quick!
great show!
!!!I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $2m+ before retirement
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Kristine Lynn Weber is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Kristine Lynn Weber, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work.. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Kristine Lynn Weber is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking?
What’s Rich new channel? I can't find it.
ruclips.net/video/mFTLhV6eGjo/видео.html
Icecap asset management
Thank you!
never buying canadian stock, as shrimple as that
Now we need conservative government in Canada. Jagmit needs to pull the plug on JT
That pathetic clown will never do it.
There has to be a conspiracy to change the subject everytime Bitcoin is brought up
Get out of the Canadian peso!
To argue against the idea that no mainstream media in Canada is pro Trump. I'd like to present the example of the National Post who are pro-Trump especially their opinion columnists.
Rich sounds like Canada needs Trump to come in there and deregulate .
If ai is going to take a lot of jobs away, we won’t need immigration will we? Or are we doomed?
Technological advances creates jobs.
@ that would be nice , but the prediction from the experts seem to be less optimistic
😂😢 Not first…. Mark it down as a loss for SK!
Loonie will be .5 USD in a log run. will see!
First
10th
FIRST!
I actually like your guest on this episode. But I'm just so frustrated that apparently NOBODY understands the high level economic impacts of public policy.
At 32:16, listen up if you want to learn kids, he wants Canadians to look at skilled educated immigrants, as "my professors, my doctors, my scientists"
Just another naive and self centric view.
Those were somebody else's professors, doctors, and scientists. Poor people from a different country. And we convinced those smart people to abandon their own to come here for money.
So you're happy about the brain drain from poor countries to rich countries.
You have no idea how many poor people in poor countries have suffered because we convinced their doctors and scientists and professors to immigrate to Canada.
And you don't care. Because you only care about yourself. And obviously y'all don't read much eh?
What a empty show.,😢
Century Surrey 100 😂
Bringing the lower mainland to you!
21:21 They were already cash flow negative.
44:17 I believe Mexico is now the top USA trading partner.
You are right. My mistake. Mexico is now number one
Total oil output is just under five per cent of GDP. That hardly makes it a petrostate. - Fraser Institutre