Worst in 15 Years... (And It'll get even worse when tariffs hit)
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- Опубликовано: 7 фев 2025
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In this episode, I look at Canada’s alarming surge in insolvencies, which hit a 15-year high in 2024. I discuss the economic pressures driving this trend, including rising costs, mortgage renewals, and looming U.S. tariffs. Plus, what could 2025 hold for Canadian businesses and consumers?
Also in this episode:
📊 A hidden $200 billion problem within Canada’s economy: interprovincial trade barriers that stifle growth and cost billions annually.
🚚 How regulatory red tape makes it easier to trade internationally than between Canadian provinces.
🏛️ The political roadblocks preventing Canada from fixing these costly trade issues.
💼 Could removing internal trade barriers make Canada’s economy more resilient against global shocks?
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it's ridiculous that we can't get Quebec wine here in BC
Canadian provinces need to work together before we look outside of Canada. Just an example, I am a graduate of NAIT and I also have my Red Seal which is recognized in every province except Quebec. They have their own exam and certification. This is still true today
great free knowledge. Thanks Marc!!
This is sickening
Very informative ❤ Thank you 😊 It is imperative that we implement Canadian Provinces free trade to survive the future economic growth
I think the feds needs to start chipping away at the low hanging fruit of streamlining inter-provincial trade. We as Canadians can do our best to shop Canadian and weather the storm of tariffs but something definitely has to be done to promote trade between provinces. We need to treat this as a national emergency and get the provinces to be aligned in order to strengthen our economy and be self reliant 🇨🇦
I think it’s deeper than politics. It attacks on one another’s resources and until all provinces feel their resources are as important as the others, it will be stagnant. Do I think we should do it? Definitely.
This is one instance where emergency powers actually makes sense to me - use the powers to rewrite the interprovincial rules.
That’s a no brainer. We shouldn’t have complicated barriers in our own country. Further more the fed should have power to force this to be done. It’s in the best interest of Canada
If there's a will, there's a way. If they tell you it'll take forever, it just means they want to sit on our tax dollars and suck their thumbs instead of get to work.
What about the province level securities regulating bodies. I don't think any other country has sub national level securities regulation
The muppet boiler room condo flipping market is dead 😂
*Trump is already working wonders for Canada,he's getting our own government to cut their own redtape* lol..
It's definitely making the Liberals work hard for once.
You are clueless and all trump has caused is stress after living peacefully for centuries
@behuman5725 *yes trying to combat high crime, drugs,money laundering, and wasteful government spending is high stress for leftist snowflake like yourself* lol..
It's ridiculous how inept the governments at every level are here in Canada. They sure bring in enough tax revenue, so don't give me the money excuse. Bloated inefficiency.
Time to move to a new country
You can cut red tape and save those billions, do you think the end consumer would see any of that savings in reduced cost?
I am an engineer that benfited from the NAFTA agreement being a civil engineer and working in the USA. Now the companies I apply for don't really feel really interested in doing that while Trump is in office
Everyday trump is forcing Canada to be better.
How about the stupid carbon taxes!!!
You paid more for the tax than the gas you use.
Say it, "CARBON TAXES"!
Let's boo the US anthem for threatening to instill something we've already instilled on ourselves... Canada is a gong show
Liberals must go and let's give PC a chance to fix what was broken by the Trudump government.
I don't think I'm voting for Trump's friends.