What’s Next for Canada’s Economy? | Economy of Canada | Econ

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  • Опубликовано: 3 дек 2024

Комментарии • 701

  • @econYT
    @econYT  Месяц назад +15

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    • @mrRobotX_x
      @mrRobotX_x Месяц назад +1

      Great video thank you.😊...

  • @SpartanFilms1997
    @SpartanFilms1997 Месяц назад +391

    I can confirm i had more purchasing power in university working a part-time job than i do now, working full time and making roughly $10+ more per hour.

    • @yairhammett93
      @yairhammett93 28 дней назад +33

      Same here, 2 years ago I was thriving with a minimum wage, today I make like $8 more per hour and It's just impossible to save money

    • @amareshkaimal2972
      @amareshkaimal2972 26 дней назад +8

      yes exactly

    • @Kuulentag
      @Kuulentag 21 день назад

      @@yairhammett93yeeeep! $30/hr here and I have multiple roommates to save on rent $$, no car payments, and really good credit. The dream of owning a house is far out of reach for me. I keep saying one day I’ll win the lottery, but I’m not a gambler so my chances are… smaller than slim lol 😆

    • @Dak1549
      @Dak1549 5 дней назад +1

      I felt like I made more money making 60K in 2012 than making 200K in 2023. Welp, lost my job last week and no one is hiring so now I'm just fked I guess.

  • @beautanner8409
    @beautanner8409 Месяц назад +246

    On a per person basis, we are getting poorer. But concerningly, wealth is becoming more unequal, and not due to any sort of merit-based earning power. This is a recipe for real damage to our country.

    • @dev4statingx90
      @dev4statingx90 Месяц назад +12

      You mean nepotism isnt the path to prosperity for a nation? Get outta here with your "logic"

    • @abcdedfg8340
      @abcdedfg8340 Месяц назад +9

      Well germany and france are just as productive or in many cases even more productive than the us per hour.
      We dont need to follow the us model. France and germany dont either and they do fine despite being major us trade partners.
      We can treat workers fine with 5 or 6 weeks off to reduce burnout and give them something to look forward too. Thats a real quick fix to quickly raise productivity across the board.
      That and decent pay and we dont need some academics conference. Its simple. Give employees real incentives so they know they can enjoy their lives they only get to live once and be healthy in once.
      Of course other policies for building canadian companies will help but without workers getting rewarded and fast, things will not improve soon i fear.
      Just my opinion.

    • @khurrammohiuddin3230
      @khurrammohiuddin3230 29 дней назад +4

      This is sadly a global phenomenon that needs to be fixed. I think high Inheritance Taxes could also address part of the problem.

    • @RepublicOfWesternCanadaNOW
      @RepublicOfWesternCanadaNOW 28 дней назад +6

      All of the damage was intentionally inflicted as well

    • @VikingMale
      @VikingMale 27 дней назад

      That’s how socialism works. Marxist, Fascist, Communist, Nazism, Socialist, left, liberal…. All left, all looks good on paper, and never works in practice.

  • @a.d.3788
    @a.d.3788 Месяц назад +447

    A lot of the problem is not that immigrants are actually unskilled it’s that we don’t actually recognize foreign skill sets effectively. I work in corporate at a food processing plant and there are two of our plant workers, one of whom was a full-on SWAT guy back in his home country, the other was a fully qualified trauma/ER nurse and they’re working on a packing line and in janitorial respectively because their professional certificates, designations, and achievements in their home country don’t translate here. That’s a huge part of the problem also. Doctors who train in Canada can leave to go be doctors in other countries. Doctors who train in other countries can’t always come be doctors in Canada.

    • @dannydevito2989
      @dannydevito2989 Месяц назад +71

      You need to compare the quality of their experience and education to the standards we have in those sectors. You can teach me how to be a doctor in a cave too, it’s not the same as eight years in school

    • @da_revo5747
      @da_revo5747 Месяц назад +29

      None of the other anglophone countries have this problem

    • @0matters
      @0matters Месяц назад +61

      @@dannydevito2989 what standards? Are u willing to test them? Act like Canada has world renowned industries like US, Germany, Japan...You can't even compare to Korea and Taiwan in terms of high tech and healthcare

    • @compassroses
      @compassroses Месяц назад +24

      "Doctors who train in other countries can’t always come be [sic] doctors in Canada." Having known an India-trained candidate who failed the LMCC (licencing of the medical council) exam 4 times, I can understand why. She might have failed 5 times (the limit), but I had moved on.

    • @dbm88
      @dbm88 Месяц назад +35

      As an immigrant, i know that we have different standards, many lower, some higher. Corruption and cheating is more rampant so you get unqualified people (some even doctors) practicing when they shouldnt. This is why we NEED to keep standards in Canada and not just let anybody practice. If they did practice in their home countries, it would be easy to pass here - it’s just the added requirements and cost that are the problem that should be streamlined.

  • @tatianastarcic
    @tatianastarcic 26 дней назад +339

    Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

    • @JacobsErick-u8r
      @JacobsErick-u8r 26 дней назад +2

      Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment

    • @DerraKormino
      @DerraKormino 26 дней назад +2

      Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

    • @winifred-k9e
      @winifred-k9e 26 дней назад +2

      Mind if I ask you to recommend this particular coach you using their service?

    • @DerraKormino
      @DerraKormino 26 дней назад +2

      My Financial Consultant is Melissa Terri Swayne. I found her on a Kiyosaki interview where she was featured and reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can run a quick online search with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so

    • @LUCIASMITH-d1z
      @LUCIASMITH-d1z 26 дней назад +2

      Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

  • @Kuumba
    @Kuumba Месяц назад +269

    The crazy part is that he's litterally mathimaticly the least popular Prime Minister in Canadian history. No Canadian Prime Minister has managed to stay in power with such low vote percentage.

    • @axela4606
      @axela4606 Месяц назад

      Learn English

    • @FictionHubZA
      @FictionHubZA Месяц назад +15

      I'm really confused. It looks like all of you want him gone but still keep him around.

    • @TokyoBalletReprise
      @TokyoBalletReprise Месяц назад +30

      @@FictionHubZA Most people in Canada vote for who they consider the least worst, not because they like a politician.

    • @FictionHubZA
      @FictionHubZA Месяц назад +6

      @@TokyoBalletReprise I see now. But hey. At least it's not a two party system like America or the UK.

    • @RobertP.Trebor
      @RobertP.Trebor Месяц назад

      ​@@FictionHubZAwell he won his last election doing a sneaky trick when everyone was scared during the pandemic

  • @yukitakaoni007
    @yukitakaoni007 Месяц назад +173

    last year. The milk price is 3.5$
    I blink for one year and now it's 7.99$
    I think I literally living in the great depression 1929, but without overdramatic presentation.

    • @d16024
      @d16024 Месяц назад +3

      where do you live lol? I haven't seen such a jump in BC..?

    • @yukitakaoni007
      @yukitakaoni007 Месяц назад

      @@d16024 Toronto. A typical Super Drugmart store.

    • @agustinarcusa7696
      @agustinarcusa7696 Месяц назад +1

      @@d16024 It is like 5 in quebec

    • @storytimebuffet
      @storytimebuffet Месяц назад +12

      I mean I would consider the tent cities in most of the metropolitan areas of Ontario a pretty overdramatic presentation of how expensive it is to live now.

    • @monikaleszko5343
      @monikaleszko5343 Месяц назад +5

      They call it the silent depression

  • @JSK010
    @JSK010 Месяц назад +45

    Hmm.. anecdotally: i live in europe and have been visiting Canada yearly for about the last two decades (family). In the mid 2000s it was definately superior in wealth and quality of life compared to my own country. I even seriously considered emigrating. Since about 2015 or so the country reached parity with mine (purely based on my impressions) and has been on a downward trajectory since. Now i wont even consider emigration even if i got a job offer.
    Not sure if it is (just) Trudeau. I feel the country is a victim of its own success: by emphasing it being the kinder, gentler more civilized North American country, its people, politics and intellectual class are blinded to the obvious short comings (bureaucracy, creaking health care system, low level of innovation).

    • @TNTID4
      @TNTID4 21 день назад +1

      Keep out Limey

    • @JSK010
      @JSK010 21 день назад +1

      @@TNTID4 nope, country is not Ireland

    • @Madosatoshist
      @Madosatoshist 16 дней назад +3

      From Quebec, lived abroad 2005-2007, back to Montreal 2007-2018. In ten years I witnessed a clear decline, before total downfall.
      By 2016 I knew I had to get out of there. It's hard to describe the feeling. It was an uncanny silence as if a murder was going to happen.
      It's not just Trudeau. Whole society was under a spell, venerating a death cult, and preparing for their next sacrifice. I instinctively smelled the danger.

    • @subspace666
      @subspace666 14 дней назад +3

      its not just trudeau , its the people that voted for him the second and third times. cant really fault people for the first time though.

    • @saltymonke3682
      @saltymonke3682 12 дней назад

      Turdo is elected in 2015. So yeah. He's Canada's Tony Blair

  • @tonysilke
    @tonysilke 27 дней назад +162

    Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

    • @mikeroper353
      @mikeroper353 27 дней назад +1

      People believe their currency has the worth it does because they have no other option. Even in a hyper inflationary environment, individuals must continue to use their hyper inflationary currency since they likely have minimal access to other currencies or gold/silver coins.

    • @PatrickLloyd-
      @PatrickLloyd- 27 дней назад

      Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

    • @PhilipDunk
      @PhilipDunk 27 дней назад

      I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!

    • @PatrickLloyd-
      @PatrickLloyd- 27 дней назад

      Sharon Ann Meny is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
      Sharon Ann Meny is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

    • @PhilipDunk
      @PhilipDunk 27 дней назад

      I just looked her up on Google. Quite an impressive resume, I'll connect with her shortly.

  • @onemanturret1641
    @onemanturret1641 Месяц назад +107

    Part of Canadas problem is we don’t really offer anything on the global market. Our GDP is based on housing. Just get as many people in the country and jack up the rent. Keep housing start ups low. It’s slavery with extra steps

    • @Lucas-wn5wm
      @Lucas-wn5wm Месяц назад +6

      Kinda like many countries NGL

    • @cullensmith7019
      @cullensmith7019 Месяц назад +3

      We have a very diversified economy

    • @nitinprasad3842
      @nitinprasad3842 Месяц назад

      ​@@cullensmith7019lol

    • @JSK010
      @JSK010 Месяц назад +8

      Plus +1000. Name me one Canadian global brand. (oke *not* Bombardier), just one. Or asking someone on the street of any developed country and ask them "do you know any Canadian company?". Ask the same about Germany: Volkswagen, Porsche. France: LVMH, Airbus. Spain: Zara. Italy: Fiat, Ferrari, FC Milan (soccer = multi-billion industry). UK: Virgin, Dyson, Oxford and Cambridge. Japan: Sony, Toyota, etc.

    • @abcdedfg8340
      @abcdedfg8340 Месяц назад

      Well germany and france are just as productive or in many cases even more productive than the us per hour.
      We dont need to follow the us model. France and germany dont either and they do fine despite being major us trade partners.
      We can treat workers fine with 5 or 6 weeks off to reduce burnout and give them something to look forward too. Thats a real quick fix to quickly raise productivity across the board.
      That and decent pay and we dont need some academics conference. Its simple. Give employees real incentives so they know they can enjoy their lives they only get to live once and be healthy in once.
      Of course other policies for building canadian companies will help but without workers getting rewarded and fast, things will not improve soon i fear.
      Just my opinion.

  • @OJizzy
    @OJizzy Месяц назад +65

    Canada could be one of the richest countries in the world... but the government would rather tax its citizens into poverty

    • @NK-fe3md
      @NK-fe3md 29 дней назад +4

      well the people voted for the taxes, Justin had majority support for the last 3 ellections.

    • @OJizzy
      @OJizzy 29 дней назад +16

      @NK-fe3md Yes, too many socialists in the country which is part of the problem

    • @NK-fe3md
      @NK-fe3md 29 дней назад

      @@OJizzy Its not really socialists, more like people who have no understanding of economics. The left is very unpopular here now, so people did realize.

    • @kano1383
      @kano1383 24 дня назад +6

      @@NK-fe3md imagine still believing in voting, thats cute, do you still believe in santa clause too?

    • @NK-fe3md
      @NK-fe3md 24 дня назад +4

      @@kano1383 wow get some help brother, I’m concerned.
      Voting works which is why conservatives keep wining provincially, why Trudeau doesn’t have a majority, why trump won.

  • @Everglade11
    @Everglade11 Месяц назад +89

    I’ve lived in Canada for 15 years, and yes they’re very poor. The average Canadian doesn’t even have $2500 saved up. Everything they have is in monthly payments, including their cellphones. Their healthcare - which is very slow and trash - is “free” because they literally cannot afford anything. If their car breaks down and they have a $1500 bill, they have to pay with credit card and spend 12 months paying it back. They work and get paid just enough to survive the month. Horrible country.

    • @CorporateShill66
      @CorporateShill66 22 дня назад +6

      Everyone's up to their eyeballs in debt. To buy a mediocre house you need to borrow a million bucks.

    • @CorporateShill66
      @CorporateShill66 20 дней назад

      @@Everglade11 Correct. When you only import people from poor 3rd world countries, your standard of living will be dropping until it's barely better than in those 3rd world countries. We already have slums in Brampton, similar to India. Clear air and water, sure, that's why it's still better than back in India.

    • @stefandee1970
      @stefandee1970 13 дней назад

      But even like that its paradise for indians

    • @stefandee1970
      @stefandee1970 13 дней назад

      ​@@CorporateShill66even yonge dundas is slam filled with crazy bums

    • @Tony-xy7lj
      @Tony-xy7lj 10 дней назад

      That's largely due to over spending. Buying houses twice the size people should, buying multiple oversized vehicles... people just got comfortable living far outside of their means.

  • @ossuseryoutube
    @ossuseryoutube 20 дней назад +6

    As a Canadian nearing retirement I can tell you that in much of Canada salaries/wages have not kept up with cost of living and the the massive influx of people to the country has driven up the price of houses, and more importantly for those mid to low income rent by huge amounts. The cost of fuel, heat, and food are also increasing much faster than pay increases and the present Government is increasing taxes on the middle income people to pay for their idiocy. Trudeau is so ridiculous that I cannot help but wonder if he isn't hurting the country purposefully.

  • @Canadainneedofrepairs
    @Canadainneedofrepairs Месяц назад +63

    Taxes are cause of low growth. No one has money and is afraid to start a business. I just closed a bus. 1 employee $1500 to 1750 a year in accounting fees alone. Canada is not welcoming to entrepreneurs

    • @KingBlaisy
      @KingBlaisy Месяц назад +6

      Agreed I recently made a bunch of money in Bitcoin however I can’t even report my taxes. I did well over 1000 transactions to buy all the Bitcoin I have. The capital gains tax is nearly 50%!! So after hiring an accountant to scim through all these transactions then give 50% of my gains I could possibly lose money on my investment! I took all the risk yet I get to keep none of the money.

    • @nicolasbouchard6331
      @nicolasbouchard6331 27 дней назад +1

      ​@@KingBlaisyCanada is one of the easiest country to evades taxes in. Our taxations system is made to stop nouveaux riche from taking over old money.

    • @kurtisf3366
      @kurtisf3366 26 дней назад +5

      @@KingBlaisyThat’s not how capital gains work at all. You don’t give 50% of your gains away, you claim 50% of your gains on your income tax and get taxed at whatever your tax rate is. The other 50% of your gains is tax free. So worst case if you’re in the top tax bracket in the most expensive provinces you might be giving away 25% of your gains to tax, but most likely it’s less than that if you live in a province with better tax rates or don’t hit the top tax bracket.

    • @Tracey66
      @Tracey66 26 дней назад

      Trudeau's government has taken aim at small businesses in particular multiple times. I don't really get it - a mom and pop business making $10,000 in profits each year is a threat to big government and big business how again?

    • @Tracey66
      @Tracey66 26 дней назад

      @@KingBlaisy Just write it off against all your losses from shitcoins like I do. :D

  • @ON-YT
    @ON-YT Месяц назад +69

    If we just get rid of Zoning regulations like what David Eby did in B.C. then Canada will be the best. Housing cost leads to less money to invest in productive capital.

    • @SilentZyko
      @SilentZyko Месяц назад

      literally dude! I think federal cons + ndp provincials are the best combo ngl

    • @ON-YT
      @ON-YT Месяц назад +2

      @@SilentZyko I support provincial NDP. But I don't like the Federal cons for a whole host of reasons.

    • @SilentZyko
      @SilentZyko Месяц назад +1

      @@ON-YT fair enough, im bipartisan but I just think trudeau is a incompetent thats all.

    • @brodieobrien-pickering2202
      @brodieobrien-pickering2202 Месяц назад +3

      Maybe only good thing eby has done. Eby has overall done a terrible job running this province. I voted in horgan, not this totalitarian fool.

    • @Billy97ify
      @Billy97ify 29 дней назад +1

      The zoning changes will do very little. Nobody wants to build the extra suites due to the province's tenancy rules. And the property tax and income tax implications. Build a suite and then your house is taxable. It will cost you money to sell it.

  • @peaceplayinsumgames
    @peaceplayinsumgames 24 дня назад +26

    i taught English in Thailand when I was 21, lived there for 5 years, had a beautiful apartment AND a maid, made an excellent wage, 2 months off a year which I spent exploring the beautiful countrysides and beaches............................now i'm 40 back in canada: shit salary, shit apartment, retirement will be ass, etc.......should have never come back

    • @fairlydecentshow
      @fairlydecentshow 22 дня назад +2

      Sorry for bothering you, just out of honest curiosity: why not did you come back to Thailand? (I don’t mean bad, and I’m not going to pull any discussion towards nor disrespect you. As an immigrant, I’m really curious to know)

    • @fairlydecentshow
      @fairlydecentshow 22 дня назад

      I mean, you could move back there right now, no?

    • @peaceplayinsumgames
      @peaceplayinsumgames 22 дня назад +4

      I only taught English there for 1 year and at that time we didn't need a University degree. I have a College diploma, otherwise I would have stayed.
      Might consider retiring there.

    • @fairlydecentshow
      @fairlydecentshow 22 дня назад +3

      @ thank you

  • @T_1357_F
    @T_1357_F Месяц назад +44

    Canadians are too nice to kick Trudeau out. Better to be poor than be considered impolite.

    • @justadildeau
      @justadildeau Месяц назад +3

      Fml

    • @irenapesula7772
      @irenapesula7772 Месяц назад +5

      It's next to impossible to get an unwanted leader out with our parliamentary system.

    • @rollingstoned1114
      @rollingstoned1114 22 дня назад

      Not true most people are just brainedwashed but almost everyone I know hates Trudeaus guts here in Kelowna BC

    • @logandelaharpe6362
      @logandelaharpe6362 13 дней назад

      That’s not the truth the issue is the way like Trudeau as he puts them first as most prime ministers do
      Votes in the west mean far less then votes in the east

    • @stefandee1970
      @stefandee1970 13 дней назад

      Brainwashed nation

  • @AmorFati-n6q
    @AmorFati-n6q Месяц назад +171

    Canadians do not have an entrepreneurial spirit. Entrepreneurs create JOBS, but Canadians want the gov't to create jobs. We have no innovation here, all of our service jobs are created by American franchises, who move here for the cheap labor. Moreover, these franchises have now started bringing immigrants through TFW & LMIAs to work for peanuts. We're an insanely rich country but we do not have an ambitious population like in America.

    • @td000
      @td000 Месяц назад +20

      classic ...socialism killed the cat

    • @ac1455
      @ac1455 Месяц назад +21

      That’s in combination with the real estate crisis as who would want to invest in Canadian enterprise when real estate Makes more stable Return on investments. Who is going to have the capital to start a business if everyone’s paying half their salary on rent?

    • @mykeprior3436
      @mykeprior3436 Месяц назад +9

      @@ac1455 The problem is real estate 110%. It's a parasite. Something CANNOT be SAFE and give 10-20% YoY returns AND dividends.

    • @d16024
      @d16024 Месяц назад

      this. A very important issue that I have noticed too!

    • @Lucas-wn5wm
      @Lucas-wn5wm Месяц назад +11

      High taxes prevents entreprenurship similar to EU

  • @thothfund
    @thothfund Месяц назад +28

    Low productivity, housing shortages, rising cost of living... There are serious problems across the country.

    • @5831a
      @5831a Месяц назад +2

      drugs too

    • @abcdedfg8340
      @abcdedfg8340 Месяц назад +2

      Well germany and france are just as productive or in many cases even more productive than the us per hour.
      We dont need to follow the us model. France and germany dont either and they do fine despite being major us trade partners.
      We can treat workers fine with 5 or 6 weeks off to reduce burnout and give them something to look forward too. Thats a real quick fix to quickly raise productivity across the board.
      That and decent pay and we dont need some academics conference. Its simple. Give employees real incentives so they know they can enjoy their lives they only get to live once and be healthy in once.
      Of course other policies for building canadian companies will help but without workers getting rewarded and fast, things will not improve soon i fear.
      Just my opinion.

    • @5831a
      @5831a Месяц назад +1

      @@abcdedfg8340 Agreed & lower taxes, we don't want to hand over half our pay to the govt. & the more you work the more you pay to them so...

    • @abcdedfg8340
      @abcdedfg8340 Месяц назад

      ​@@5831aWe could just raise taxes on the ultrawealthy to compensate. And spend more intelligently. I think more investment in education so its free as in germany, more investment in transit so we can reduce car dependency which would save people lots on fuel and insurance, and better support for families so companies dont lose skilled workers they may not be able to pay maternity leave properly may be a good start. But thats just my opinion.

    • @abcdedfg8340
      @abcdedfg8340 Месяц назад

      ​@@5831a​​Canada has a lot of potential. But we waste it trying to chase the us model, which pits us against each other, holds back infrastructure development, and guts our middle class. I really think it's time for canada to embrace a fairer more humane system with a good transit network like many european countries. Im done my opinion.

  • @MaxwellAerialPhotography
    @MaxwellAerialPhotography Месяц назад +45

    I've been saying for years now, that in Canadian business in particular and society in general, mediocrity is a virtue, the worst thing a person in Canada can is rock the boat and make change for good or ill.

    • @Billy97ify
      @Billy97ify 29 дней назад

      Many Canadians hate success. The government manifests this.

    • @chrisphipps6642
      @chrisphipps6642 25 дней назад

      I don't know of a single example of that in the real world.

    • @harrisonthorburn7415
      @harrisonthorburn7415 20 дней назад

      We definitely suffer from a "Now don't get too big for your britches, who are you, an American!" attitude. Older white people especially have this Old Scotsman attitude. Pinch your pennies, don't rock the boat. I'm glad to see a lot of the young people I know think it's time to trash that BS.

    • @AdamsAppleseed
      @AdamsAppleseed 18 дней назад

      We're in an aging society not making enough young people to sustain itself. Go figure were mediocre at best

  • @nicolasbenson009
    @nicolasbenson009 Месяц назад +73

    It's sad how difficult things have become in the present generation. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.

    • @TinaJames222
      @TinaJames222 Месяц назад +4

      It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.

    • @tatianastarcic
      @tatianastarcic Месяц назад +3

      Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

    • @Vincent-j8u
      @Vincent-j8u Месяц назад +3

      How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?

    • @tatianastarcic
      @tatianastarcic Месяц назад +3

      Finding financial advisors like Sophia Maurine Lanting who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

    • @sharonwinson-m8g
      @sharonwinson-m8g Месяц назад +3

      thank you for this tip , I must say, Sophia appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, educational background, and qualifications, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

  • @john_doe_not_found
    @john_doe_not_found Месяц назад +32

    Canada could easily fix itself:
    1. AI requires massive amounts of electricity. Canada with many untapped hydro projects and one of the world's largest uranium deposits is set for energy.. if they'd just build it out.
    2. Mining. The green revolution requires many minerals that Canada has an abundance of. Just build the mines and the transport infrastructure to ship the resources to the world.
    3. Value added. Canada does not do enough secondary goods improvements from all of its primary resource extraction. Do more refining and smelting and value added, in Canada.
    If Canada had low cost electricity + low cost primary resources available at key shipping points; many industries would move to Canada just to take advantage of the low cost inputs and easy access to markets.

    • @ngoctruongpaulnguyen6503
      @ngoctruongpaulnguyen6503 Месяц назад

      This man gets it. Conservatives think that we can continue to be rich by selling raw material and resources and feeding old companies...

    • @JSK010
      @JSK010 Месяц назад +1

      Hmm.. to capitalize on AI, Canada would need to integrate more with the neighboring country that actually happens to lead in (generative) AI. Not going to happen.

    • @ngoctruongpaulnguyen6503
      @ngoctruongpaulnguyen6503 Месяц назад +3

      @JSK010 Canada is advanced in AI specifically in Montreal and Brampton tech hubs. AI is more than just Gen AI.

    • @JSK010
      @JSK010 Месяц назад

      @ yeah sure, but commercializing ai requires capital, something that Canada doesn’t have a lot of.

    • @ngoctruongpaulnguyen6503
      @ngoctruongpaulnguyen6503 Месяц назад

      @JSK010 that's true. Canada is great at R&D but terrible at commercialization. Our reserve of untapped renewable energy is a great source of potential synergy though. It could just be that an American company sets up shop in Canada in a joint venture or even in an acquisition of Canadian tech and operates from Canada. In any case, if we focus on both Green transition and AI, we'll have high paying jobs in tech and also trade jobs to build infrastructure and maintain them for AI to operate.

  • @KillerSniper55
    @KillerSniper55 24 дня назад +22

    Honestly, the environmental policy has hurt Canada majorly in every sector. Canada needs to invest heavily in the natural resources extraction across the country for export. We also need to scrap a lot of our limits to our dairy industry so we can create and export more dairy products.

  • @joylynslade
    @joylynslade 22 дня назад +68

    I sometimes use my ETFs to buy dividend and growth stocks for diversification instead of reinvesting in the same place. To each their own methods though. The good thing is that you're investing in the first place and that's what's important. Salute for the content!

    • @cullin-ellman
      @cullin-ellman 22 дня назад

      Hearing from an experienced investor who has survived the crisis and prospered is always comforting. It could be worrisome when your portfolio goes from green to red, but if you have invested in strong firms, you should just keep
      growing them and stick to your goal.

    • @michestrain
      @michestrain 22 дня назад

      I'm a contractor, and my job doesn't permit me the time to properly analyze my holdings/evaluate stocks myself, so I've had a fiduciary actively restructuring my portfolio for the past 7 years now to match the present market condition and that's how I've been able to stay afloat, knowing when to buy and sell..

    • @nathanallen7815
      @nathanallen7815 22 дня назад

      Could you kindly elaborate on the advisor's background and qualifications?

    • @LillianGarcia0103
      @LillianGarcia0103 22 дня назад

      Her name is Victoria Anne Leonard can't divulge much. Most likely, the internet should have her basic info, you can research if you like

    • @chasitytalavera142
      @chasitytalavera142 22 дня назад

      Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

  • @michaelwiebe1159
    @michaelwiebe1159 23 дня назад +5

    In 2011 i made 12 dollars an hour. In 2024 i make 35. With cost of living im in an identical financial situation in spite making more than twice the money.

  • @tatianastarcic
    @tatianastarcic 21 день назад +312

    In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.

    • @Vincent-j8u
      @Vincent-j8u 21 день назад +3

      The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.

    • @nicolasbenson009
      @nicolasbenson009 21 день назад +3

      Despite utilizing the correct strategies and possessing the right assets, there can still be variations in the investment returns among different investors. It is important to acknowledge that experience plays a crucial role in investment success. Personally, I realized the significance of this and sought the guidance of a market analyst, which enabled me to substantially grow my account to nearly a million. I strategically withdrew my profits just before the market correction, and now I am taking advantage of the buying opportunities once again.

    • @sharonwinson-m8g
      @sharonwinson-m8g 21 день назад +2

      Please can you leave the info of your investment advisor here? I’m in dire need for one

    • @nicolasbenson009
      @nicolasbenson009 21 день назад +2

      Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

    • @TinaJames222
      @TinaJames222 21 день назад +2

      thank you for this tip , I must say Sophia, appears to be quite knowledgeable. After coming across her online webpage, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

  • @ShuaiXie
    @ShuaiXie Месяц назад +11

    I am in Canada, and I feel the society and econn are so bad here in recent 5 years.

    • @justadildeau
      @justadildeau Месяц назад +7

      It's been sliding fast since 2015

    • @byakuya3603
      @byakuya3603 20 дней назад

      三哥這麼多的地方,明年還要從非洲法語區招來一大堆老黑來對沖三哥,只會更差

  • @ontariofirs7347
    @ontariofirs7347 Месяц назад +15

    I used to work minimum wage part time while in college back in 2015-2017. Man how my money would go further back then than now. Trudeau has no plans on abolishing our system of fiat currency

    • @chrisphipps6642
      @chrisphipps6642 25 дней назад +1

      Fiat currency makes personal mortgages and infrastructure investment possible. Going backwards to a gold and silver currency would make it impossible to issue household mortgages.

  • @taninogi
    @taninogi 16 дней назад +8

    Early 90's kid, first generation of my family (which did not immigrate and was has its roots in Canada for more than 200 years) to get an education. Was told when growing up that education is important and I was heavily pushed towards taking tons of student loan to go into at the time in demand sectors such as IT and communications. I went to study and even graduated with honours, I did everything society thought me I should do right and now I am literally so poor that I can't afford food or a roof over my head. There is no savings and no end in sight. Living in a very rural area with no means of transportation I have been unable to find employment for more than 8 months even when I have applied to thousands of job offerings both online and in person. I even went as low as to go for entry level jobs such as retail and fast food.
    I've come to the conclusion that it is no longer worth to support the country or the government. As much as I want to help my community and not be living off other taxpayers contributions, the government has abandoned us and is not helping in any meaningful way. It is no longer possible as a single person to live, even in rural areas where inflation is less. The once selfless and always caring, sharing individual that I was has been forced to grow selfish because otherwise I will simply cease to exist.

    • @frozenintime
      @frozenintime 9 дней назад

      Sounds like your work ethic is showing in your resume.

    • @noora9325
      @noora9325 8 дней назад

      What kind of degree have you done?

  • @huskavarnapunkband
    @huskavarnapunkband Месяц назад +9

    I am a poor tradesman. Im trying but theres a lack of work comming in the high end residential market

    • @justadildeau
      @justadildeau Месяц назад +2

      What part of the country are you in? I'm in Vancouver. Same industry. I could generate more wealth but I can't hire anyone who speaks English and is proficient in a skill.
      Plus the red tape to hire makes it impossible

    • @kano1383
      @kano1383 24 дня назад +1

      I too work on homes I can never afford. My gf is a hairdresser and makes more than me with her tips added to her wage. INSANE!

    • @chrish4439
      @chrish4439 15 дней назад

      There is no lack of work in the high end residential market wtf are you talking about lmao. More high end houses are being built then low end. The work is fucking endless.

  • @SpartanFilms1997
    @SpartanFilms1997 Месяц назад +22

    9:07 Canada does NOT need more immigrants due to an aging population. You know how to increase the population? Eliminate income tax for families with 4 or more kids. Now you've successfully promoted population growth of the natural people in the region. Not bringing in people from a culture that absolutely clashes with the native ones.

    • @steventalik4782
      @steventalik4782 Месяц назад +9

      That is the stupidest idea. This will put more financial strain on people who have 3 to 0 kids as they would pay more taxes. This will make a lot of people angry not motivate people. Our tax dollars will be used to support these poor 4 kids family. Any politician who promote this will not get my vote.

    • @zero7523
      @zero7523 Месяц назад +2

      @@steventalik4782 I'm already mad anyways because we're overrun by stinky Jeets. Now pick one!

    • @chopaface
      @chopaface Месяц назад

      @@steventalik4782perhaps a progressive reduction of the income tax rate for households with children just to ease the financial constraints. By having more money in our pockets, we can further stimulate the economy through consumerism, plus with kids, there’ll always be a need to buy new stuff while they grow older. With more kids, they will be more incentivized to start families. One problem is can see is the lack of resources and time allotted for parents to care for their children since both parents are much likely required to work to sustain their lifestyle, so childcare is a concern…
      By increasing our population domestically, we don’t have to invest as much in immigration programs and reallocate the cost back into the country for Canadians to support growing households. The way how things are happening now… having children is considered a luxury.
      I also believe that properties should be priced at the inflated cost of the property value as opposed to being subjected to speculation. Speculation pricing has fucked this country… we essentially outpriced ourselves.
      When a society believes that the value of homes should continuously increase value overtime, it is a sure way to create a disastrous unsustainable system for the very fundamental reason that homes yields NOTHING. It does not produce anything back into society. It is simply a roof over our heads. Now the cost of homes are way over our heads and mortgage defaults are at an all time high that presents serious financial risks for banks and investors.

    • @Angel_559_25
      @Angel_559_25 Месяц назад +2

      Nah, Implement a UBI or a NIT for poorer families

    • @chrish4439
      @chrish4439 15 дней назад +2

      @@steventalik4782 Why would this automatically put strain on anyone? Why would this make people angry? You're that pety that you would be mad cus someone gets something you don't? You realize baby bonuses are already a thing right?

  • @BrittnyGastineau-oy3yr
    @BrittnyGastineau-oy3yr 19 дней назад +7

    The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis

    • @RebeccaHollis-px8dv
      @RebeccaHollis-px8dv 19 дней назад +2

      How Wealthy Individuals Stay Ahead: They Trade Their Money and Grow Wealth Instead of Waiting for Government Intervention"

    • @KanyaratT-r1t
      @KanyaratT-r1t 19 дней назад +3

      Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!

    • @NickySchmaderer-q8e
      @NickySchmaderer-q8e 19 дней назад +2

      I’ve been trading Bitcoin and a few other cryptocurrencies for a while now, and things have really picked up. I’m finally starting to see consistent profits. It’s all about finding the right strategy and sticking to it."

    • @NadinHehnen
      @NadinHehnen 19 дней назад +2

      When I started trading on my own, I was honestly losing money left and right. It felt like every move I made was wrong. I knew I needed help because I couldn’t figure out why things weren’t working

    • @ChristianCruz-y5f
      @ChristianCruz-y5f 19 дней назад +1

      I came across Jason Graystone fx RUclips channel a few months ago. Ever since then, my trading has completely turned around. He really breaks things down in a way that makes sense, and now I’m making more consistent profits than I ever thought possible.

  • @Forlyn0
    @Forlyn0 Месяц назад +3

    In regards to petroleum, government regulations impede new investment. So despite changing prices, no canadian company is confident they can get government approval for new expansions to production. What changed since 2014? The governing party frankly. Canadians by and large have drive, but even our modest GDP growth is in spite of government actions.

  • @ke6836
    @ke6836 Месяц назад +4

    Less immigrants will reduce the reliance on real estate

  • @user-mi6pq2uu9s
    @user-mi6pq2uu9s Месяц назад +8

    3rd world standards are loading super fast! Currency is 60% of US, taxes are super high, income is low, and everything is unreachably expensive... it's game over for Canada

    • @subhashishbagchi3191
      @subhashishbagchi3191 Месяц назад

      Who brining 3rd world to Canada?? It is Canadian woke government

    • @abcdedfg8340
      @abcdedfg8340 29 дней назад +4

      Its also because we handed our food chain over to multinational corporations that use their size to extract pure profit at the expense of our nutrition, which is devastating for productivity.
      We need to begin supporting local farmers and producers of healthy foods so people have disposable income and better health.
      Also we need to start taxing unhealthy foods like junk foods, which ultimately cause people to be unhealthy and less productive and live shorter lives.
      How is it its more economic to survive on junk food than on healthy bread, cheese, and fruits and meats and fish?
      We need to take back control of our food chain to some degree so our population is as healthy as in europe.
      We need to stop emulating the united states. Their system destroys health and productivity.
      Just my opinion.

  • @DanH-u3f
    @DanH-u3f Месяц назад +16

    The average American citizen is getting poorer.

    • @abcdedfg8340
      @abcdedfg8340 29 дней назад +5

      Its because we handed our food chain over to multinational corporations that use their size to extract pure profit at the expense of our nutrition, which is devastating for productivity.
      We need to begin supporting local farmers and producers of healthy foods so people have disposable income and better health.
      Also we need to start taxing unhealthy foods like junk foods, which ultimately cause people to be unhealthy and less productive and live shorter lives.
      How is it its more economic to survive on junk food than on healthy bread, cheese, and fruits and meats and fish?
      We need to take back control of our food chain to some degree so our population is as healthy as in europe.
      We need to stop emulating the united states. Their system destroys health and productivity.
      Just my opinion.

    • @ciaranReal
      @ciaranReal 22 дня назад

      ​@@abcdedfg8340us has good productivity

  • @Killuasama07
    @Killuasama07 24 дня назад +8

    5 ads is insanity. Please stop

  • @Prof_Potato
    @Prof_Potato 11 дней назад +1

    Another huge problem is brain drain. We have great education and a highly educated population, but so many just go to the US because there isn’t much to do in Canada for as many highly trained people we produce. I’ve been saying for years Canada NEEDS to invest in research and innovation. We’ve actually seen funding of research plummet and many labs are actually seeking grants from the United States. If you’re in science and engineering, you either become a consultant, go to the US, or be content with shit opportunities and wages.

  • @masonharkness6437
    @masonharkness6437 21 день назад +1

    10 years ago I was making $14.50 at a entry job in construction but I was able to save money and live a fun life still.
    Now I make over $32 with the same exact bills some even cheaper but I’m paycheque to paycheque like how does that even happen? Trudeau… Trudeau is how that happens

  • @sheiladucarme134
    @sheiladucarme134 15 дней назад +2

    Real Estate Investment Trusts should be declared illegal.

  • @cnordegren
    @cnordegren Месяц назад +31

    Alberta should separate and join the USA. Alberta as part of Canada will be robbed of its welath by Ottawa.

    • @uninteresting1212
      @uninteresting1212 Месяц назад +2

      Not even... I think we both know the issue is Quebec. It always has been

    • @Angel_559_25
      @Angel_559_25 Месяц назад +1

      Does Alberta have oil?

    • @kurtisf3366
      @kurtisf3366 26 дней назад +2

      @@Angel_559_25Is that a serious question? Alberta sits on the 3rd largest oil reserves in the world…

    • @stefandee1970
      @stefandee1970 13 дней назад

      Its done

  • @robhersey1796
    @robhersey1796 11 дней назад +1

    Venezuela 2.0 is what's next for Canada's economy.

  • @4Fixerdave
    @4Fixerdave Месяц назад +3

    If you're going to compare growth with the US, you MUST also compare deficit spending. Not saying Canada is being financially prudent, but whoa.. maybe glance south over your shoulder. Why don't you compare charts of "GDP growth minus deficit growth" for each country. America wouldn't be the outlier it appears on your charts. They bought most of that growth.

    • @furiahispanica3823
      @furiahispanica3823 12 дней назад

      True and it's about to blow if Trump does not capitalize and revolutionize the way we do business.

  • @robertguay3773
    @robertguay3773 23 дня назад +2

    I have more money then ever. Unfortunately it buys nothing and is almost completely worthless.

  • @Katrina-mx2sf
    @Katrina-mx2sf 29 дней назад +2

    Okay I hope all Canadians back east see this

  • @Shikomu
    @Shikomu Месяц назад +1

    1:24 Jean Chretien wasn't PM from '84 to '93. Brian Mulroney was

  • @doomdimensiondweller5627
    @doomdimensiondweller5627 Месяц назад +12

    But Canada has immigration and I thought more immigration meant economy more gooder

    • @steventalik4782
      @steventalik4782 Месяц назад +5

      Highly Skilled immigrants is very good. Recently Canada has brought in a lot temporary residents these are not skilled workers such as temporary foreign worker and international students.

    • @justadildeau
      @justadildeau Месяц назад +7

      Who knew that 600000 Uber and Amazon drivers is by a high skill.
      Gupreet gurmeet!

    • @Angel_559_25
      @Angel_559_25 Месяц назад +4

      Only If you have skilled immigrants who can fit well in Canadian society

    • @kano1383
      @kano1383 24 дня назад

      heck yeah! last thing we want is an economic contraction and prices lowering...as long as the replacement is done legally, bring em on!

  • @andromodous1916
    @andromodous1916 Месяц назад +10

    This could word for word be said about Australia as well lmao

  • @lilwiggs4812
    @lilwiggs4812 26 дней назад +1

    saying Canada needs more immigrants is just ridiculous, the Gov abolished a law which made it mandatory to not hire temporary foreign aid workers if our unemployment rate is too low, this law made it so that Canadians are prioritized when again the unemployment rate is 6% or lower, without this law canadians have been struggling to find jobs in every sector since there is no longer a mandate to hire Canadians. we need more jobs for the people who actually live in Canada not temporary migrants

  • @TheFlyingRonin
    @TheFlyingRonin 17 дней назад +3

    With Canada's plan to cut off immigrants... this would put I imagine many (including myself) in danger as I can't leave due to health reasons. I came here to flee the war in ukraine and to escape from the economic crisis back home in Lebanon... Only to experience genuine hatred from the system towards me even though I was a law abiding citizen with a clean track record.
    Renewing my passports became impossible. Applying to a visa became more challenging and more likely to fail, which essentially forced my hand to contact a lawyer to assist me through the refugee program... This is a mess I never signed up for, but now I have to accept and live through because going back is not an option.

    • @chrish4439
      @chrish4439 15 дней назад +2

      Ok but please explain why that is OUR problem as Canadians? I feel for you but we did not create your problem so it's not fair to assume we are responsible for fixing it or saving you.

    • @TheFlyingRonin
      @TheFlyingRonin 15 дней назад

      ​@@chrish4439 I suppose not. Though we did come here on false pretences (with false promises from your government) and trying to live our lives just like any canadian. Again, no hate towards canadians who understandably are mad at the situation, I just feel ill at ease when I am caught in the crossfire when all I am trying to do is just live my life.
      I understand that the average canadian isn't responsible or to blame for this as the decision was mostly out of their hands, I just frankly wanted to share my frustrations as I legit have no idea where to go should my submission request for humanitarian aid is rejected.
      Hope that clears it up, cause again I am not throwing blame on anyone other than those in charge who allowed things to get this bad.

    • @Violetforflowers144
      @Violetforflowers144 13 дней назад

      @@chrish4439 ew don't reply like that, they're still a human too, as someone who has had several generations dating back in Canada I welcome anyone to Canada who feels like their own country isn't suitable to live in.

    • @jessec4677
      @jessec4677 12 дней назад +2

      @@TheFlyingRonin Sorry bro. A lot of us are hurting, and some of us might lash out in a moment of emotion. I'm sure most of us couldn't imagine giving up our whole lives to move across the world to basically be scammed. I'm pretty sure, if our country were managed properly, without greed and corruption, there would be enough for all of us to thrive. Best of luck to all Canadians, both new and old. That means you, you're welcome in my country.

    • @TheFlyingRonin
      @TheFlyingRonin 12 дней назад

      @@Violetforflowers144 Thank you. Though I wish I could have come here under better circumstance (for the people already living here) as the strain I imagine on the common folks is probably even worse than I got it. I at least have my family with me and all of us are working.

  • @xCessivePresure
    @xCessivePresure Месяц назад +5

    11:25 you say 2003 but it's written 2013

  • @pattyofurniture
    @pattyofurniture 22 дня назад +1

    11:25 the audio says 2003 while the video says 2013. Which is it?

  • @linserwayne1587
    @linserwayne1587 28 дней назад +1

    The list of up-sides included at the end is totally bogus. Check each one individually and its not stellar. For example, Canada has been losing agricultural land consistently, its become too expensive to farm, and this sector is in decline. I absolutely disagree that if you stop comparing Canada to the US that it suddenly becomes amazing.

  • @northymcnorthy5407
    @northymcnorthy5407 11 дней назад

    "Low productivity"
    Yes, have you seen the people in charge of companies small, medium and large? They only spend money on themselves. Getting them to provide the bare minimum is a struggle. The Absolute greed in this country is sickening.

  • @slothsarecool
    @slothsarecool Месяц назад +4

    Is any country actually doing well these days?

    • @stefandee1970
      @stefandee1970 13 дней назад

      Poland, russia, china....

    • @jaydendhaliwal8238
      @jaydendhaliwal8238 11 часов назад

      @@stefandee1970 I can almost guarantee that the average citizen in canada is doing better than the average citizen of russia or china.

  • @TheBarrwen
    @TheBarrwen 10 дней назад

    Canada is loaded with resources, open up the economy, it’s that simple

  • @Alan-sj2zy
    @Alan-sj2zy 11 дней назад

    You, are all missing the point. House prices have been allowed to grow in the Western Nations, this is because the peoples pensions in retirement have not kept up with inflation. So people will take out the money from their homes, to enable them to retire. It lets all these countries off the hook, with pension plans including all the additional Tax revenue it brings.

    • @boratrat5995
      @boratrat5995 8 дней назад

      Interesting. Never thought of that.

  • @lowwwery
    @lowwwery 12 дней назад

    Great video, but you have to reconsider your background music man. It might just be me, but it sounds like a 3-second audio loop constantly replaying itself. Really distracts from your great content.

  • @xCessivePresure
    @xCessivePresure Месяц назад +6

    Interesting vid. Tip: Music is not engaging tho, kinda makes me sleepy.

  • @C1azed
    @C1azed 19 дней назад

    I think the most imposrtant point is how much investment is tied up in housing, if we coukd reduced that by even just 10% it would drive alot of growth in other sectors of the economy

  • @adrianvisentin534
    @adrianvisentin534 9 дней назад

    Around the corner is food shortages and food price inflation, because we don't have the ability to feed ourselves but are extremely reliant on imports - a gigantic risk!

  • @Natella3312
    @Natella3312 24 дня назад

    Here is a suggestion. No background noice of any kind keeps listeners comfortable and attentive to information you stream. Thank you!

  • @snjez2762
    @snjez2762 Месяц назад +5

    This sounds like propaganda! Where is all this AI? Latvia is ahead of Canada in tech, and as for the education system--according to a lot of professors students are coming in with these high grades but can't do the work. Are you sure you're in Canada?

    • @NK-fe3md
      @NK-fe3md 29 дней назад +1

      Latvia LOL

    • @abcdedfg8340
      @abcdedfg8340 22 дня назад

      Latvia treats employees like human beings. 5 or 6 weeks off and actual labor rights as well as family support from what i read. Maybe we should do the same if we want a thriving canadian economy.
      It seems employees in canada do not appreciate being treated like employees in the us or being burned out like us employees.
      Seems like they want to do a good job, but in return they want to enjoy life and have decent wages.
      Seems fair. Maybe stop chasing the us model. We know that it enriches mainly the ultrawealthy and leaves most other people poorer and less healthy
      Just my opinion.

    • @NK-fe3md
      @NK-fe3md 22 дня назад

      @@abcdedfg8340 Latvia isn’t ahead in any meaningful why, OP is an idiot.
      WLB is great in Germany or Netherlands who we should emulate.

  • @MadisonAtteberry
    @MadisonAtteberry 19 дней назад +1

    "The country was slightly richer then Montana, but now poorer then Alabama"
    And....that is amazing on its own, that a whole nations with over 40 million people is only 'slightly' richer then a state of a larger nation and far smaller population, and now poorer then, again, a state of a far larger nation that has a far smaller population (as of a 2023 census around 5.108 million).

    • @dasbubba841
      @dasbubba841 11 дней назад +1

      It's on a per-capita basis. Per-capita, the citizens of Alabama are richer than the citizens of Canada. Hard to believe if you've seen the trailer parks, but if you're NOT poor in Alabama you can enjoy a vastly cheaper cost-of-living than in Canada, and take home more of your income.
      While it may be better to be poor in Canada than in the US, if you're not poor you can do far, far more in the US, which is why more people leave Canada for the US than vise versa.

    • @MadisonAtteberry
      @MadisonAtteberry 11 дней назад +1

      @@dasbubba841 When I was a child, I lived in Elba, Alabama....10/10 do not want to go back.

  • @paulbryson5838
    @paulbryson5838 12 дней назад

    If you give the basic service worker an increase in wage you just lowered productivity measured in dollars per hour of work

  • @MiSCHiEF_BassMusic
    @MiSCHiEF_BassMusic 11 дней назад

    If people stop buying homes in Canada that would solve the problem, home owners would be force to sell lower.

  • @lange495
    @lange495 Месяц назад +1

    1:25 you have the first person labelled as “Chrétien” when it is actually Mulroney.

  • @Chiaffe
    @Chiaffe 20 дней назад

    I guess I'm the only one who looks at charts. Did you label Mulroney as Chretien by mistake ?

  • @janishakehoe
    @janishakehoe 22 дня назад +76

    I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into
    alternative sectors?

    • @viktoriagamez6765
      @viktoriagamez6765 22 дня назад

      the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

    • @Alicesmith5243
      @Alicesmith5243 22 дня назад

      You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first,and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so l've been sticking to investing via an analyst.

    • @khamisi-veach
      @khamisi-veach 22 дня назад

      Please can you leave the info of your Investment advsor here? I'm in dire need for one.

    • @Dociapaul
      @Dociapaul 22 дня назад

      Victoria Anne Leonard is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

    • @nellwyn-sima
      @nellwyn-sima 22 дня назад

      I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.

  • @fozlul302
    @fozlul302 Месяц назад +1

    Filing for personal bankruptcy in Ontario is a safe, effective, and legal way to eliminate debts you cannot afford to pay.

    • @chrish4439
      @chrish4439 15 дней назад

      Also a great way to destroy your credit and make sure you will never get any loan ever! Hurray!

  • @jeffhutjens
    @jeffhutjens 25 дней назад +1

    I wonder how much of Cda's lower GDP is from inexpensive military, and inflated health costs we don't pay.

    • @ciaranReal
      @ciaranReal 22 дня назад

      Don't pay ?

    • @jeffhutjens
      @jeffhutjens 21 день назад +1

      @@ciaranReal We have publicly funded health care. The Government pays. We have higher taxes but still much better deal.

    • @shanep.9442
      @shanep.9442 20 дней назад +1

      ​@jeffhutjens YOUR taxes is what pays for health care.
      The government collects taxes, then distributes them.

    • @jeffhutjens
      @jeffhutjens 20 дней назад +1

      @@shanep.9442 Yes of course. But we have much better health care for much less money.

    • @shanep.9442
      @shanep.9442 20 дней назад

      @@jeffhutjens Have you experienced health care in any other country besides Canada?

  • @rogerbrown3520
    @rogerbrown3520 2 дня назад

    I live in Alberta. 69 years old. No prime minister from Diefenbaker to Trudeau, has done zero to enhance Canadians lives. The " so called" Canadian Dream? Lol. Built on debt.

  • @calebread6966
    @calebread6966 22 дня назад +1

    No mention on the massive glut of government workers?

  • @ericf924
    @ericf924 Месяц назад +1

    Very informative. The one piece that I don’t agree with at all and I know for sure is a misnomer is that the Canadian banks are more regulated than the US banks. Canadians don’t take things like money laundering seriously at all. The snow washing and Vancouver’s model stuff is out of control. I’m a top 1% MLO in the United States and have originated just shy of one billion USD in US mortgages and we take money laundering very seriously. Canadians lack very basic regulations and are asleep at the switches or their government officials are corrupt. Living in Vancouver Canada I would hear about laundering money from highschool kids pretty often like it isn’t a big deal. I’ve lived all over the US, New York, California, Midwest and this isn’t something that comes up ever especially with kids. In fact if get a vpn and say you’re not in Canada you’ll find lots of data online that suggest that Canada could be the money laundering capital of the world.

    • @chrish4439
      @chrish4439 15 дней назад

      feel cool making stuff up on the internet? Life a little better now?

  • @jamesgray6238
    @jamesgray6238 29 дней назад +1

    We're considerations made that the US statistics could be highly massaged by the current government

  • @maaximuslee
    @maaximuslee 14 дней назад

    One bedroom condo rent is 2,500 CAD and this is not even downtown Toronto. Like literally what the

  • @JoeThornFreedom
    @JoeThornFreedom 22 дня назад

    The price of oil is not the Canadian oil industries issue. We could be producing a ton of oil at these prices. The problem comes with regulations. There is so much red tape when producing oil in Canada that it’s next to impossible to turn a profit without 100+ USD a barrel oil.

    • @chrish4439
      @chrish4439 15 дней назад

      We just don't have the processing plants, which is ridiculous. We also have some of the worst aka "dirty" oil. It takes a lot more to process then say the "clean" oil of the middle east. The problem is way more complicated then you think lol

    • @JoeThornFreedom
      @JoeThornFreedom 14 дней назад

      No, it’s not. You’ve proven my point just with the language you’re using. A.k.a. dirty oil. Exactly what the government wants you to think. When you use their language, you believe their rhetoric. Remove the insane regulations on Canadian oil and gas and all the sudden we’d be producing more than anybody else. It’s not that hard to produce are oil. It is on the other hand very costly due to government oversight, and regulation.

  • @patrickwahle6280
    @patrickwahle6280 13 дней назад

    Education is the most important investment for the future, definitely not Cannabis. You deserve what you voted for.

  • @rk0l59hs-6g
    @rk0l59hs-6g Месяц назад +22

    How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards?

    • @Ethangray-cr5nd
      @Ethangray-cr5nd Месяц назад +2

      As a beginner investor, it's essential for you to have a mentor to keep you accountable. Melanie Ann Karnavas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessment, ensuring my trades decisions align with market dynamics for optimal returns.

    • @ann-ie4hc
      @ann-ie4hc Месяц назад +1

      This is correct, Melanie strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started.

    • @Vlad-ei3bs
      @Vlad-ei3bs Месяц назад +1

      The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional

    • @SimYu-j4j
      @SimYu-j4j Месяц назад +1

      It doesn't matter if you are a current hodler or a newbie. You can capitalize on the fluctuation of Bitcoin by trading with good strategy/signals

    • @OwenMaureen
      @OwenMaureen Месяц назад +1

      Yes, I agree with you. Her platform is wonderful and her strategies are exceptional.

  • @gambit0913
    @gambit0913 Месяц назад +7

    GDP per capita always drops when you immigrate more people in and frankly this was inevitable as Canadian governments in the past play musical chairs with how much they actually needed to keep birth rates going since we subscribe to market based economy. Plus this was the liberal solution to keep up the supercharged Inflation reduction act by the US. In the long run this will benefit Canada as most economist agree but short term pains are inevitable when we decided to do austerity in the late 90s-2000s which is what now seen as poor decision and a reason why our infrastructure is so behind especially healthcare. Also COVID meant mass retirements and the drop in workers to retirees ratio dropped well beyond what was would be acceptable which is also a driver for prolonged inflation as a significant portion of the population is not really working or productive. One of the major issue here is like what the videos says about investment in workers which is productivity and we are competing against 50 states and the US feds for who will offer better tax subsidies and return on investment. Add inter provincial trade barriers which is another problem. Housing has its roots in decisions made by Mulroney and shift away from fixed benefit pensions where people saw in Canada as housing being the only stable long term retirement investment

  • @TobiHeisenberg855
    @TobiHeisenberg855 10 дней назад

    History will remember this as the silent depression

  • @axela4606
    @axela4606 Месяц назад +38

    Welcome to the new Indian state

    • @PokemonFansPTR
      @PokemonFansPTR Месяц назад +7

      Okay khalistani enjoy 🤓

    • @julioc.7760
      @julioc.7760 Месяц назад +3

      Toronto literally stinks like Calcutta now, thanks to the wonderfully rich, educated and honest people that came from the clean and prosperous nation of India.

    • @subhashishbagchi3191
      @subhashishbagchi3191 Месяц назад +2

      ​@@julioc.7760Calcuttas economy is better than Ottawa now. Khalsitani ruined Canada

    • @julioc.7760
      @julioc.7760 Месяц назад

      @@subhashishbagchi3191 then please tell all your friends and go back to india.

    • @julioc.7760
      @julioc.7760 Месяц назад

      @@subhashishbagchi3191 then please tell your friends and you can all fly together away from canada

  • @kevinle5460
    @kevinle5460 26 дней назад

    Squandered potential. Thanks Justin

  • @mrRobotX_x
    @mrRobotX_x Месяц назад +1

    Great video thank you.😊...

  • @grahamkearnon6682
    @grahamkearnon6682 8 дней назад

    Average working Canadian living beyond their resources. Have a holiday condo in the Westend of Vancour, I walk my dog for some hours a day, I talk and, while people talk of fancy named jobs, almost all rent.

  • @vladtheimpalerofd1rtypajee316
    @vladtheimpalerofd1rtypajee316 Месяц назад +2

    Make a video on the economy of Jordan

  • @internetfamouz
    @internetfamouz 14 дней назад

    Canada where you make $100,000 a year and have to choose between having a full tank of gas or a full fridge

  • @AlexandraTerry-hm3uv
    @AlexandraTerry-hm3uv 10 дней назад

    We need a Canadian facebook, social media platform.

  • @ericmoreau4568
    @ericmoreau4568 18 дней назад +2

    Living here in Canada has become a nightmare. It's a privileged country for the rich; if you don't drive or can afford to, good luck getting around and living any kind of sane life. Yet, even if you did drive, you'd have to share the road with a bunch of impatient maniacs.

  • @duprog
    @duprog 24 дня назад

    The first two things Canada needs to do to improve are: Stop electing morons and stop morons from wasting money on stupid policies !
    If we could manage to get those done, half the battle is won and everything else that should be corrected will follow and we're all going to be better for it.

  • @MegaSnowman35
    @MegaSnowman35 28 дней назад +2

    Massive Immigration has created our inflation housing and lack of schools and medical infrastructure and so on.
    Todays immigrants are not mixing into Canada culture or Canada laws.
    What Canadians need is strong families and more and more children.
    Not a whole different country.
    Canada is under attack, and we cultured Canadians are just starting to realize the house is on 🔥.
    I say pray for Canada's unity. There is going to be a massive big challenge ahead because of this crazy one nation immigration policy.

    • @MGP481
      @MGP481 19 дней назад +1

      Yes yes this is all due to immigration and not due to poor leadership

  • @MuxusGrandee
    @MuxusGrandee 16 дней назад

    I had to do a fact check for your Canada Vs Alabama GDP statement.
    Canada GDP: 2.14T
    Alabama GDP: 245B
    Hard to believe some imformation now

    • @travislangendoen975
      @travislangendoen975 12 дней назад

      I don't know why, but this video triggers my AI response, lack of personal details on the Channel and located in India?

  • @haoyangwang
    @haoyangwang Месяц назад +1

    0:51 That's where my friend lives

  • @lindadeeds5326
    @lindadeeds5326 12 дней назад +1

    This video seems very AI. It is narrated in monotone, and the graphs don’t have even basic information like sources.

    • @travislangendoen975
      @travislangendoen975 12 дней назад

      I notice a lack of personal details in the bio, and the channel location of India. Not sure about much else, first time watching this channel

  • @SilverScarletSpider
    @SilverScarletSpider 20 дней назад +2

    Canada 🇨🇦 needs trade and immigrants from good countries like Japan 🇯🇵 South Korea 🇰🇷 Germany 🇩🇪 Poland 🇵🇱 Mexico 🇲🇽 and Sweden 🇸🇪

  • @th3falleng0d69
    @th3falleng0d69 19 дней назад

    It's time for a new party in canada, it's time for a northern railway and road network to access the resources of the north. We must build northern cities and ports and expand into our great nation, we must responsibly and consciously harvest our resources and repair the land after.
    The conservatives and liberals have failed us time and again, the NDP is a joke, we need something new and we need a change.

  • @frankojudoka
    @frankojudoka Месяц назад

    Even under Chrétien, we grew 3.4%. In the G20s, few countries managed to outgrow us year after year. We still managed to stay as G7. 😂

  • @talchoul_canada2027
    @talchoul_canada2027 19 дней назад

    A few of the haves vs the maj of the have nots. 🎉🎉🎉🎉

  • @CanadianBullFrog
    @CanadianBullFrog 25 дней назад

    Can we have some change in Canada with a new leader?

  • @Katrina-mx2sf
    @Katrina-mx2sf 29 дней назад +1

    We should have term limits.