Canadian Economy Faltering and Dollar Falling | Dylan Smith and Jimmy Connor

[@BloorStreetCapital]

I am feeling economic pain because of the policies Trudeau has implemented. How are you feeling?

[@arctichero1]

The policies have been part of Agenda 2030.

[@Proudcanuck88]

Are you thinking of leaving? Most of the folks I know have left or inprogress of leaving.

[@angryanne]

You feel pain because Brian Mulroney sold your country to foreign investors in 1987 and it’s been a problem ever since because Canada doesn’t own its own resources or assets anymore. Blame that 😊

[@BloorStreetCapital]

@@angryanne Brian Mulroney was one of the greatest PMs in decades. What assets/resources are you referring to exactly?

[@angryanne]

@ the first NAFTA Agreement You only think he was great because that’s what they told you. He sold the whole fucking country 😘 mines, oil fields, railroads pipelines etc.. all used to be public assets in Canada.

[@JamieDupont-tj5lx]

I am astounded how Canadians continue to vote for the Liberals. What they did to the truckers was not only wrong criminal but a constitutional violation. I hope they have woken up to the damage the PM has done to their country.

[@BloorStreetCapital]

Thanks for the comment Jamie and for taking the time to view our content.

[@LauraineHowattpansy2018]

to the truckers, you mean the immature entitled me, me, myselfs who had no idea whether they should play in the hot tub of the bouncy castles.

[@cliftonboyz1959]

Urban wealthy Canadians, refugee seekers, dumb Gen z and millenials…all are guilty of treason.

[@angryanne]

@@JamieDupont-tj5lx the truckers were told to end their protest and given lots of warning, there was line ups at the border for all their MAGA comrades coming up to help. It was costing billions shutting down the country that was already struggling with a pandemic. What were the truckers protesting? They didn’t want to get vaccinated or wear masks because their rights. FU fascist Truckers

[@trails3597]

All squatters get removed eventually but yes, it was clear mandates were done for.

[@paulvarey2416]

Very chilling interview. As a Canadian I knew it was bad but didn't appreciate the depth of the issue. Great interview.

[@BloorStreetCapital]

Thanks for the comment Paul and for the ongoing support!

[@angryanne]

@@paulvarey2416 kind of biased toward a guy who doesn’t want to say what he might do because he’s afraid of getting his ideas stolen

[@stevewalker4617]

What Trudeau and Sing have done to this country is despicable! Trudeau is just so out of touch with the Canadian public and the pain they are feeling at this time. Montreal was burning and he was at a Taylor Swift concert.

[@BloorStreetCapital]

Thanks for the comment Steve and for taking the time to view our content. You raise a good point in that it’s both the Liberals and the NDP which have brought us to where we are.

[@titchglover2601]

leaders do not matter the next leader to replace Trudeau will eventually be hated aswel and so on... History tells this story over and over. Promiss the moon and end up with a Demi Lune Jos Louis every time. only a matter of time for the new leader to conform to the system.

[@LauraineHowattpansy2018]

what an immature useless comment

[@Cali736]

Trudeau Feeland and the mob work for WEF. All by design. Wake up!

[@jonathanhardy8683]

What a mature, useful comment.

[@AryaJourabi]

Trudeau promised a balance budget in 2019, when he was running at 2015, after nearly 10 year of his promise not only he failed to balance the budget but he more than doubled national debt, doubled housing costs, doubled rent, doubled mortgage down payments, doubled interest rates, doubled inflation, and doubled misery.

[@BloorStreetCapital]

Great comments! As mentioned during the interview the $250 rebate will cost Canadian taxpayers $4.6 billion and will provide absolutely zero benefit to the economy.

[@RYANG-qd1mv]

However, Trudeau got elected every time despite many people say he is not competent. Canadians are very shortsighted, can be bought very easily. If Canada is not doing well under Trudeau administration, Canadians have themselves to blame.

[@racinghaarrleykeen]

@@AryaJourabi 🥶his bank accounts!

[@LauraineHowattpansy2018]

a balanced budget, what a 1950s policy

[@angryanne]

@@BloorStreetCapital how does that math work?

[@JS-jh4cy]

In Canada we don't even earn per capital what the poorest usa state earns.

[@BloorStreetCapital]

Yes and its going to get worse.

[@moonlight-kh6uz]

The chief problem of Canada is that, so far, nobody was fired for their misdeeds.

[@Fart-b2s]

This was an amazing interview!! This was probably the most informative interview that I’ve seen in a long time! Thank you, James and Dylan

[@BloorStreetCapital]

Wow not often we get compliments like that! Thank you!

[@JadeSambrook]

"Slumping into recession"? The truth is that we've been in a recession for quite some time now but they just wont say it out loud.

[@BloorStreetCapital]

A recession is measured by 2 consecutive quarters of negative growth and we haven't had that yet but our economy is definitely stagnate/declining so as Dylan said a recession is possible in the next couple of quarters. I would agree though that many people are experiencing a silent recession and its because of ongoing inflation and stagnant wages.

[@JadeSambrook]

@ Right. But is it possible that consecutive quarters of negative growth have simply been hidden (through infused government spending and other factors)?

[@racinghaarrleykeen]

Its a long time going downhill and still People voted for Trudeau ! This is the result of putting s Drama Teacher into the Canadian PM Chair !

[@BloorStreetCapital]

100% but what is so ironic about this is that I could never become a teacher because I don't have a teaching degree but he can become PM but has or had zero qualifications for that job. Imaging hiring a teacher to run Apple or Microsoft? No one would ever do that but that's what we, Canadians, did.

[@racinghaarrleykeen]

@@BloorStreetCapital yup, if we want to do any job or work in Canada we ALL need to have a certain degree of education, be trained, certified,verified, Qualified Permitted , Having a Ticket etc.... To do ANY JOB in Canada !!! Just not as PM ! Apparently everyone can be PM of Canada You just need to know how to Wezzle into the position 🤣

[@racinghaarrleykeen]

​@@BloorStreetCapital Anyone needs qualification in Canada For a Job ! A PM doesn't !

[@WesternPatriot-v8m]

Trudeau Jewish communist

[@MarionGrisdale]

The people will vote for Trudeau again !! 🙄 IN ONTARIO THE PROBLEM IS DOUG FORD !! 😊

[@manfredh.7460]

And I thought that we, the Germans, are the world champions in stupidity!

[@BloorStreetCapital]

You are but we are a close second.

[@Jenniferlall]

You have a competitor now.

[@MarionGrisdale]

@Jenniferlall Yesvand you are always on the wrong side of History 😆 🤣

[@davidcar4632]

imported millions of cheap labour and student labours.

[@WesternPatriot-v8m]

Stop immigration from mp offices. Borders too

[@yonasyonas1962]

It was a Ponzi scheme. Bring in unskilled people who bring in $12,000 each when they arrive and deal with the productivity problem down the road

[@normanskelton]

That and this has been a issue for many years becasue we sell so much raw non value added goods!Wood, minerals grain etc.I would argue even "those" we sell too cheap to the uS and China

[@michaelbrown5311]

I have lived in Toronto my entire life and the downward trajectory of this city in the last 5 years has been sad to see. The Libs have created an environment which favors the non tax paying destitute drug induced people living in tents asking for hand outs and of course the Libs and NDP oblige.

[@BloorStreetCapital]

Thanks for the comment Michael! I also live in Toronto and can’t believe how bad it’s gotten but that’s what happens when you bring in 1 million people.

[@johnjylanne7100]

The Liberal and NDP parties are basically the same modelled after the UK Fabian Society. Doesn't help Freeland is a Rhodes Scholar and Justin is Jesuit trained. Pierre Trudeau was a founding member of the Club of Rome also affiliated with Fabian Society.

[@MarionGrisdale]

Blame Doug Ford , he is the guy who is responsible for housing , health ,and education. Please educate yourselves guys !!!!

[@ianrh13]

@@MarionGrisdale Doug Ford certainly isn't directly responsible for the influx of immigrants, which is the main cause of the problems.

[@samspade1841]

They want us all more dependent on a bigger authoritarian government. The low info voters think it’s great and also all the connected elitists who are vacuuming up the corrupt contracts.

[@dillonsawyer9377]

Important number of people out of EI benefits and not looking for work.

[@dr.indeanadegraff6929]

Have you talked to anyone in the govt sector by phone? I have. They all are foreign. CFIA, CBSA, CRA, Canada Post. They are all foreign, all immigrants

[@r2wchuckle]

Interesting discussion. I think Trudeau has made major policy errors worrying about the wrong priorities. He should have focused on jobs, economy, debt and deficit reduction, defence and structural changes for the economy. We need an election to hit the reset button. The sooner Trudeau is gone the better.

[@BloorStreetCapital]

Well said, very well said.

[@AryaJourabi]

While socialist Singh wants to tax to misery the hard working entrepreneurs, workers who are millionaires, he is awaiting a 2.2 million dollar pension. So if you spend you time advocating to destroy the economy, through taxing and spending, it’s ok to live luxury a life, but if you become rich by hard work, or innovation you should be taxed to poverty to pay for taxpayer funded handouts.

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content. I didn’t realize Singh’s pension was that substantial! What will his annual payments be?

[@sonnyyeung6060]

@@BloorStreetCapital $66k at 65, PP is $237k for 20+ yrs…

[@AryaJourabi]

@@BloorStreetCapital Thanks for great content. According to Canadian Taxpayers Federation (CTF) Singh’s annual pension in 2034, when he turns 55, would be worth $45,000 per year, more than many retirees live on now. Because the MP pension is indexed, by the time Singh reaches the age of 60, his annual pension would be worth $54,000 per year. When he turns 65 it gonna be 66 thousand.

[@cincin123]

What is the difference between the US and Canada? Immigration - it is way too high in Canada.

[@SharonGarrison-t4h]

I concure

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content! No argument there but at least the people Canada is bringing in are coming through proper channels, for the most part. What's happening at the Mexican border is insanity. They have no idea who or how many have crossed in the last 4 years but numbers range from 10 to 15 million.

[@richardgadoury8452]

Is that $53K/CDN vs $81K/USD. The Canadian economy can recover, but not with the current group and levels of people running the different levels of government.

[@BloorStreetCapital]

Thanks for the comment/question Richard! All figures are in USD. There might be some variation depending on where you get the data but still a huge variation.

[@richardgadoury8452]

@@BloorStreetCapital Kevin O'Leary will save us. Thank you sir...

[@850mrnorton]

For all the people that voted JT, suck it up, you are reaping the rewards. Born in TO, and bailed long ago, but we will bounce again, patience.

[@BloorStreetCapital]

You nailed it because the people of ON and QC have put this government in office 3x. ON and QC determine the PM and I just hope they come to their senses.

[@TrevorMills-i8j]

What do you expect with Trudeau and Freeland at the wheel speeding toward the cliff.

[@BloorStreetCapital]

Twiddle Dee and Twiddle Dum.

[@moonlight-kh6uz]

Trudeau, Singh, Ford - select any Trudeau.

[@MarionGrisdale]

​@BloorStreetCapital Come on you know it is DOUG FORD 😮 !! Most of you men are all suffering from " angry man syndrome " 😤

[@PamenterDoug]

Excellent interview - very informative. Thank you!

[@BloorStreetCapital]

Thanks for the positive comment Doug! If you’re not a Subscriber please Subscribe to our channel!

[@MarkBreach]

Great program. Thank you for your work.

[@BloorStreetCapital]

Thanks for the comment Mark and if you're not a Subscriber please Subscribe!

[@dev4statingx90]

Voters wanted this. Reap what you sow

[@BloorStreetCapital]

Cant argue that point! The people of ON and QC are responsible. They have all the seats.

[@kc1973able]

Yup same with UK 🇬🇧 also. The apple 🍎 never falls far from the motherland commonwealth tree .

[@trails3597]

The economy slump the last few years is due to the immigration surge. The same happened to Italy in the 2010s with their immigration surge. The GDP/Capita plunged. It recovered quickly and kept rising.

[@MarionGrisdale]

@trails3597 Immigrants built this country!! Stop your right wing talk please !! Tell the farmers you do not want immigrants in Ontario!! Give your head a shake ! If it falls off ? Giving a kick , you are not using your brains at all !!

[@trails3597]

​@@MarionGrisdaleImmigration has been reduced to manageable levels. Farmers are still getting temporary foreign workers.

[@smilevrsac]

​@@MarionGrisdaleIf you think that these new immigrants are here to actually work, let alone on a farm, you must be delusional.

[@terrylaw18]

The only growth industry in Canada right now is government bureaucracy. Unfortunately you need a money tree to fund this and the money tree has been picked clean.

[@BloorStreetCapital]

Thanks for the comment Terry! I wish i had a couple of money trees.

[@MarionGrisdale]

LOWER THE WAGES FOR THE GREEDY CEO'S !!

[@jackmidst8304]

Do you mean the CEOs who create jobs?

[@MarionGrisdale]

@jackmidst8304 ceo's are notorious for " picking the brains of the workers " they are very well taught this trait ! Prove me wrong !!

[@moonlight-kh6uz]

If US is playing the role of Russia, then Canada is playing the role of Ukraine.

[@samspade1841]

Quit watching your propaganda media. Do you have CBC, CTV and Global everyday to stay informed. You’re staying gaslit bud!

[@Andy-d6q2g]

Dylan Smith says "Recent immigration has created a lot of grief for the people of Toronto." Here is one reason why this should not be a surprise. Toronto was a major support base for the expressed cosmopolitain global village policies of the Liberal government that was elected, in 2015, on the election promise that Canada would " become the worlds first post national state". Justin Trudeau's Quixotic notion and policy we now see overtaken by the reality of global events. American, Israeli, Ukrainian and Russian nationalism and nationalism in general still remains, to this day, the most powerful political force on the planet. Canada under a contrarian Liberal government and to its detriment has gone in one direction while the rest of the world has gone in another.

[@szylak]

If you work hard and are productive and successful in Canada, you are taxed to death. You give more than 50 percent of your earnings and success to the Government. You take all the risk and the Government gets the reward. I built a successful technology business and sold it to a global corporation. There was no point to keep growing the business.

[@BloorStreetCapital]

Agreed! I truly believe we live in one of the greatest counties in the world but bec of incompetent leadership it is very hard to get ahead. We are continuously being taxed on after tax dollars.

[@svenhodaka9145]

Yes, why are financially successful people demonized? In most cases I see innovative hardworking people and businesses creating wealth. It appears to be a direct relationship. Where’s the problem?

[@DoomsDayInvestor]

Me thinks the great state of Canada needs a new governor.

[@LauraineHowattpansy2018]

who cares what trump says or thinks, he has the where with all of a 2 year old.

[@healingsun5654]

@@LauraineHowattpansy2018 yes, you would know all about being a 2yr old.

[@maxpayne7419]

Don’t be a traitor

[@WesternPatriot-v8m]

Trudeau Jewish communist falsely representing Catholics and Protestants French liberal Quebec nor for Canada

[@angryanne]

@@DoomsDayInvestor not a weasel conservative who won’t say what his plans are because his ideas would get stolen.

[@anatoly8018]

Very good content, thanks James and Dylan

[@BloorStreetCapital]

Thanks for the comment Norman! If you’re not a Subscriber please Subscribe!

[@merenguem1135]

Excellent analysis. Notice how he avoided getting sucked into the political non issues.

[@BloorStreetCapital]

Thanks for the comment!

[@peterthebull8578]

“The budget will balance itself” - Trudeau circa 2016 Je me souviens

[@bkanic]

Excellent video. I really enjoyed this and agree with the perspective…how can you not?

[@BloorStreetCapital]

Thanks for the positive comment!

[@moonlight-kh6uz]

Layoffs????? LAYOFFS ARE NECESSARY, TO REPLACE OLD WAYS BASED ON MONKEYS BUSINESS, WITH NEW WAYS CONDUCTED BY TRUE UNEMPLOYED EXPERTS

[@moonlight-kh6uz]

kzbin.info/www/bejne/hmTUiIOeo9CKnMU

[@wadedavies3924]

She bailed out at the right time. Why is it so difficult for Canadians to get rid of Trudeau?

[@BloorStreetCapital]

We need an election to do that!

[@wadedavies3924]

@BloorStreetCapital you've had multiple elections with no visible support for the clown prince and he keeps getting reelected.

[@emilechantiri5909]

Similarities to Australia but we are continuing high levels of immigration

[@the_ikiru]

I like to think of productivity as being a measure of technology. Are farmers picking apples by hand or does a machine come and pick them 100 times faster? Canada is falling behind on technology.

[@NormanBjornson]

CANADA IS FINISHED TRUDEAU is FINISHED

[@BloorStreetCapital]

Trudeau yes Canada no.

[@NormanBjornson]

@BloorStreetCapital CANADA Is in finance the Bank of Canada said they are bankrupt Monday Canada should know if we are recession or depression Parliament

[@WesternPatriot-v8m]

Trudeau Jewish communist

[@moonlight-kh6uz]

Trudeau, Singh, Ford - select any Trudeau.

[@NormanBjornson]

@@BloorStreetCapital Canadian people pay one billion dollars a week interest fifty two billion dollars a year on Canada's Dept

[@KillerScorpion18]

Get rid of Trudeau .

[@WesternPatriot-v8m]

Trudeau Jewish communist falsely representing Catholics and Protestants French liberals Quebec

[@moonlight-kh6uz]

Trudeau, Singh, Ford - select any Trudeau.

[@Proudcanuck88]

What if Alberta joins the US will that crash the CPP?

[@WesternPatriot-v8m]

Perfect. Pierre pollivere sounds like controlled false opposition to Jewish communist Trudeau. Why does he hide his ethnic background? Adopted? Pierre pollivere is Jewish

[@JacquelineLittler]

Mark Carney is already crashing it.

[@Proudcanuck88]

@JacquelineLittler true he first asked for 10 billion for his own investments, now forcing govt to get rid of the 30% investment cap on CPP so he can get access to the 2 Trillon to make more investments in his company. Following WEF playbook to the word.

[@Proudcanuck88]

How will 3 million people for next 3 years less immigration. Please look at both permanent and temporary residents. Can you discuss regarding CPP investment cap of 30% that is lifted. Also over regulation and taxes kill productivity and innovation. GDP is only from real estate and immigration. That kills productivity further. Vey difficult to capture private sector investment once its gone.

[@BloorStreetCapital]

Thanks for the comment/question and for taking the time to view our content! I dont know the answer to this so I will have to do some digging.

[@dillonsawyer9377]

Then why don't they put the Canadian dollar down to 25 cents

[@BloorStreetCapital]

Ha that's actually funny! Lets hope to god it doesnt go there.

[@dhruvpatel8793]

Our country is blessed with Natural resources that no other country has in the world. Qatar(Natural Gase) + Saudi Arabia (oil)+ Brazil(water)+ other minerals you name it= Our Great Nation Canada 🇨🇦 Our government is out of touch with reality 😢😢😢😢 We are seating on Gold while begging to USA for not imposing tariffs 😢😢😢😢😢😢😢

[@bkanic]

This is good is a podcast. Subscribed! Tarrifs would demolish the USA too, we support so many critical industries, Medical, Technology, Oil, Gas, etc etc etc. There will be no tariffs, only compromises

[@BloorStreetCapital]

Thanks for the comment and thanks for subscribing! Yes its all part of the negotiation process.

[@gaillamont9134]

This govt is a disaster, why would you want to bring investment into Canada . I know small manufacturers chomping at the bit to get out of Canada and go south of the border with their business . This govt has made so many mistakes ! Disaster ! Look at what they did to Capitol Gains Tax !

[@BloorStreetCapital]

Yeh that was another great! Oh lets hit them with another tax, we are not taxing them enough.

[@alessandrogarciawoodwindre1250]

Thanks for the analysis!

[@BloorStreetCapital]

Thanks for the comment Alessandra! Don't forget to Subscribe!

[@kjenkins8241]

Productivity let's take a look at the average Canadian in the 80s they worked on Farms in Sawmills then they proceeded to get a trade such as Electrical Plumbing going to school we all went to work at 20 below zero take the school bus Canadians were tough little buggers how is foreigner going to compete against the Canadian who live d here for 30 40 50 years they can't they need to be trained lot of people went to University the cost was so much lower why didn't the government save the money they made on forestry in the 80s and Bank it now you have the immigration coming in and they cannot compete against Canadians who were born here they didn't have to go to school at 40 below they didn't have to stack hay they didn't have to work in the Sawmill for hours piling Lumber they didn't have to go cladding or work on high steel they didn't take boxing or kickboxing to be a real Canadian you got to be tough the 80s worked hard you got paid we didn't have cell phones and you work two jobs whan you could buy a house for $35,000 now the Baby Boomers are all retiring and no one has been trained to do the work , Canada was much better in the 80s because we had the forest industry Lumber Sawmills and the interior was making money for the South kids stay in shape by kickboxing and went to trade school no wonder productivity is down who's going to pay 1,000,350,000 for a house when you're making $20 an hour it's not going to happen like I told my son don't go to work stay home build your cabin live off grid with solar panels and you'll have more money than someone working their whole life because you won't have to pay rent or Hydro

[@BloorStreetCapital]

Thanks for the detailed comment and for taking the time to view our content! You raise so many great points and I can feel the frustration in your words. This is exactly how millions of other Canadians feel right now. Stay well!

[@LibertyVoice-bx6en]

Our government has expanded its employment and has created more and more regulations to stifle growth. Oilgarchies thrive in high barrier markets and suppress pay to pay the extra costs of government

[@BloorStreetCapital]

Thanks for the comment! Government overreach and excessive regulation will kill any economy.

[@justintrull3572]

Inflation has not settled and has not gone down. Go to the grocery store. Exchange rate will also cause inflation to go up.

[@dillonsawyer9377]

Let's get it down to Venezuela

[@darylerica]

Inflation with pricing has slowed, however, it has shifted to product shrinking and getting worse. The massive immigration by policy is on everyone's mind and the consequences are huge with the impact. The fast food industry with service and quality has been destroyed, everyone knows it. Our kids in their 20's face the impossible dream now of ever owning a home, rents impossible to maintain for the average single income, and the friction within the cultures is growing daily because of it. Crime rates are climbing with some northern towns becoming lawless with catch and release. The ol "we are loosing our culture Quebec cry" is now laughable compared to the rest of Canada.

[@BloorStreetCapital]

Thanks for the detailed comment Daryl! I love to see detailed comments on how viewers are feeling.

[@kevroy1410]

It is worse than what most think. Monday Freeland releases her Fall statement and it is rumoured that they missed the mark by a minimum of 50%. Now if we construct basic supply and demand charts and once upon a time supply and demand was balanced now since Trudeau's unlimited immigration campaign we must shift the demand line and that translates into inflation. I took a few courses from Moody's and that course claimed that the maximum level of employment in Canada is a function with the Trade with the United States as they can only consume so many tons of Copper, Nickle, Lumber, ETC. That translates into heavy unemployment in Canada. And that leader has the audacity when the unemployment rate is 6.8% that he has to increase immigration because there is a shortage of workers? And to add insult to injury that same person increases taxes to the limit and that robs of supplier surplus. And the subsidies he is providing to these people is paid directly by the citizens of the country so that puts a floor on citizens welfare. The standard of living can only decline. And the modern hiring practices has the propensity to create conflict among the citizens.

[@BloorStreetCapital]

Thanks for the detailed analysis Kevin! I love reading this kind of detail. The unemployment rate is on a steady climb higher and Monday's budget will be a total sh*tshow but what we need is a massive reset.

[@SharonGarrison-t4h]

Divide and conquor.

[@menolopes6479]

Should I convert my cad to usd before the dollar falls further? What’s your opinion?

[@BloorStreetCapital]

Thanks for the comment/question but I cant give investment advice! I will say I would to see it fall much further. A weak dollar can have both beneficial effects and negative effects. Beneficial for companies who have expenses in CAD but revenues in USD like mining companies but it can be negative for consumers because it will cost much more to import so it is inflationary. The BOC is walking a fine line.

[@cliftonboyz1959]

Who is bringing $ with them…exactly how many come to Canada with buckets of $?

[@BloorStreetCapital]

Good question!

[@WesternPatriot-v8m]

These immigrants bring no value demand and create more work on people that never wanted them here. Nurses get it the worse. Daycares too.

[@darrylwatchman2957]

Immigration here is about ideology and not demand but what the native population is told is manufactured reality,or as Eric Weinstein calls it,make believe.

[@michelletinalouie]

Since other BRICS countries are de-dollarizing and also ramping up their gold reserves, why is Canada not also doing the same? Apparently Canada has no gold reserves at all? If we don't have the money to buy gold, could we mine what we have here and export some and also put some in our reserves?

[@jasonstupak4535]

We have a weak economy because weak men bring hard times. Just ask Trudeau.

[@BloorStreetCapital]

Thanks for the comment Jason! I love that quote! If you’re not a Subscriber please Subscribe!

[@jasonstupak4535]

@BloorStreetCapital Done, thanks.

[@dillonsawyer9377]

Doubt that Quebec only has to take 50,000.

[@kimpersson6577]

All these genius economists still don't know or refuse to say that the very first step to economic well being is to take control of our sovereign central bank (The Bank of Canada) and quit borrowing money (issue bonds, etc.) and just spend the money, interest free, into the Canadian (or American, British, Australian, etc.) economy. We used to do it but since 1974 under PET (Justin's dad) we haven't. Gee, I wonder why? Have a look at the 25 minute video "The Crime of the Canadian Banking System" by Bill Abrams and watch some Michael Hudson videos if you're interested in truth.

[@BloorStreetCapital]

Thanks for the comment Kim! I will check it out.

[@TheAmorchef]

An issue that never seems to be talked about is thatore then the 50% of the Canadian economy is forgein owned. So forgein motivation is profits not innovation. Most of comments do not recognize this, so easy to blame to government. Mr. Pollieve has no plans to reverse this...

[@BloorStreetCapital]

What exactly do you mean foreign owned?

[@TheAmorchef]

@@BloorStreetCapital US Companies 53% of oil production, Car companies are US owner through the market.

[@normanskelton]

Pollieve and company are spectactularly unqualified to be the government!

[@PaulaTerryLancaster]

Dire 'straights' (sic)! Canadian literacy in trouble!

[@BloorStreetCapital]

Ha my bad! I will not lie, I struggled all through school.

[@mondocanuck7873]

The last 6 minutes talking about fixed rate mortgages missed the mark. The bank of Canada's rate decreases only affect the variable rate mortgages. Fixed rate mortgage rates are based on the bond market and the Canadian 5 year bond has been going UP due to the falling Canadian dollar and the poor national economy. The average Canadian 5 year mortgage is actually HIGHER now than at the start of the year despite the BOC's interest rate cuts.

[@BloorStreetCapital]

Thanks for the comment! I will investigate that further and bring it up in a future discussion.

[@Andy-d6q2g]

Sorry - It was Jimmy Connor who made the statement about recent immigration.

[@dillonsawyer9377]

Got 5cents off on my medium McDonald's coffee today. He isn't getting my for nickel!!

[@BloorStreetCapital]

I know what a joke!

[@BloorStreetCapital]

and dont worry they will find a way to get it back

[@JS-jh4cy]

Independent usa territory best option for Canada next 200 years. An state option doesn't work

[@JS-jh4cy]

Then drill baby drill

[@titchglover2601]

thanks for hitting on the cad usd as an investor looking to invest in the US this just does not make sense. what are some alternatives? are we heading to bonds? can you hit on the yield curve and the cad usd? thank you

[@BloorStreetCapital]

Thanks for the comment/question! I can’t give investment advice but I always keep a portion of my portfolio on USD. As mentioned the CAD is down 8% this year alone so that means my US assets are up 8% just on the currency but of course this can reverse pretty quick. As a Canadian I think it’s important to have exposure to the US markets bec we just don’t have the growth here.

[@titchglover2601]

@@BloorStreetCapitalty

[@00708046]

Canada has been too focused in charity and pay backs to social groups. Immigration should only be done at a rate that keeps it affordable and Trudeau has been paying back to groups who were victimized by previous governments . Again too much too fast . I agree that victims need to be repaid but maybe make installments rather than full cash pay outs . Debts on our economy carry heavy interest costs . We can no longer keep up. We need to put away our credit cards and spend only what we have on items only which we need . We cannot save the world especially if we hurt our own economy .

[@BloorStreetCapital]

Great points and thanks for sharing!

[@jonathanhardy8683]

Canada imports almost everything, so you don't have to travel outside Canada to be hurt by the weakened Loonie. There's a better way to stimulate local demand - lower rents. Imagine all the extra wealth available for people to both start and patronize small businesses (often more efficient and productive than large corporations with lots of dead wood).

[@BloorStreetCapital]

Thanks for the comment Jonathan! Yes we do import a lot but with a collapsing loonie that means we have to pay more for everything and this leads to higher inflation and the cycle repeats itself.

[@AlexanderKirilkin]

Pls provide time shift recording marking - it would be easier to watch and navigate

[@Eric-v8t]

Hey Jimmy, you forgot to talk about corruption, white supremacy, modern slavery, systemic racism, and systemic roadblocks in immigrant's career progress. As a highly educated immigrant who has lived here for about 20 years, these are the reasons Canada is a bad place to live, and it won't get better sometime soon.

[@BloorStreetCapital]

Thanks for the Eric comment! If I spoke about government corruption we would be here for hours. I am more hopeful. I think we just need proper leadership. It will take 5+ to repair the damage but Im hopeful.

[@timetravelers-26]

Citizens are suffering too, not just immigrants. If white supremacy were a thing, the gov would not be subsidizing non-white immigrants wages with tax money like they do. Canada sucks for everyone, dont blame racism.

[@rickdavies4801]

Good more hard times the government will fix it no worries???

[@ronaldwoods8979]

Thanks James, it was good to see you focus on Canada, however, you did not discuss the explosion in debt levels under Trudeau government. It has grown 60% from $1 trillion in 2019 to $1.6 trillion. During the last budget the deficit grew to $50 billion and we have another budget coming out next week and it is expected to exceed $60 billion. We need a government who understands fiscal policy and not one focused on feminism.

[@BloorStreetCapital]

Thanks for the detailed analysis Ron! I should have touched on this and next time I will.

[@tamagotchidoctor5207]

9 years of Harper, 4 years of Trump, then COVID, with 2 minority governments in a row.

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content! When you frame it like that one realizes all the crap we have gone through in the last 10 years. Lets hope the next 10 are better.

[@reedforrest4732]

Just in ! True dough is no longer viable.

[@BloorStreetCapital]

Thanks for the comment Reed! I might have to use that one!

[@cliftonboyz1959]

Yes James…labor and technology productivity

[@BloorStreetCapital]

Thanks for the comment Clifton and for taking the time to view our content! I was shocked to hear that labor productivity has been stagnate for 10 years while it has been increasing at the same time in the US.

[@shanesteele778]

So what we are talking about is low interest rates and more spending isn’t that what got us were we are now low rates high debt more inflation

[@BloorStreetCapital]

Thanks for the comment Shane! The BOC is aggressively cutting rates because they know over 1 million mortgages come due in 2025 and another 1.5 mill in 2026 and if rates stay high n mortgage payments will increase 50%. 2025 could be a very interesting year.

[@lengoulet9416]

You think!?

[@trondholtanrekvin9475]

Dire Straits - not Dire Straights.

[@amindra963]

"Productivity Slump" is the ageing population! Some four to five Canadian provinces are dying.

[@BloorStreetCapital]

Thanks for the comment Amindra! You make a good point about the aging population and I wish I brought that up in the interview.

[@WesWoychyshyn]

Absolutely 👍🏻

[@Hazara26]

Don't compare Canada with US please because the two countries economically way apart. Compare Canada with Iran, and Eastern Block countries. The GDP of Iran after so much sanctions is equal to Canada.

[@CobaltNorthernStudios]

Northern Ontario andxrural areas needs skilled labour immigration forceconomic growth and is being hurt while Teudeau throws the baby out with the bath water

[@MarionGrisdale]

This mobey is going to help the small businesses . Like i said people will spend if tgey have tge money CUTS CAUSE NO GROWTH OR VERY SLIW GROWTH !! LOOK WHAT HARPER DID !! DO YOU THINK WE ARE STUPID ?? LOW INCOME AND POOR PEOPLE DO NOT VOTE !! LIKE I SAID PAY PEOPLE A LIVING WAGE !! 29:48 WAGE !!;

[@DoomsDayInvestor]

do you work or do you just take government hand outs

[@MarionGrisdale]

@DoomsDayInvestor I worked until I was 72 years old !! I also help seniors in my area !! I am the daughter of a Welsh immigrant Governments are servants of the people !! You sound like a real Trumper!! 😳 since you do not use your real name and have such a nasty nom du plume I think you are just another chap with " angry man syndrome "? I see you are one who does not like physical work ! Carry on !! You are no better than anyone else!! Thank you for the communications . Have you found any sucker's to take advantage of to- day ??

[@Hazara26]

We have to pay for pollution pollution😂😂😂

[@BloorStreetCapital]

Oh boy dont get me started on that one. I still do not understand how they think we can fight climate change with another tax.

[@russburton4018]

Like and subscribed I can't afford to move

[@BloorStreetCapital]

Thanks for the comment Russ and thanks for Subscribing!

[@idahoman325]

Many aspects correct however 2 thoughts, 1. He blissfully pretends the flood of WEF new citizens of the world come with cash which is incorrect, they are a net cost to the tax servants. 2nd I'd love to see just one of these woketarded western countries absolutely flood their markets with economists, media personalities & folks willing to be political running candidates. As for delving into Canada's insistence on imploding their peoples economy from within is rather funny 😅 between taxing onto of taxes with another scoop of taxes just for good measure. Along with being insane in regards to a dedication of absolutely never ever tapping your natural resources. = broke & long term forever broke. Good luck. Ps yall last quarter made up job growth being 90% government created jobs = yall are screwed. I'm sure secretly this dude knows it 😅😅😅😅

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content! Someone else also made the comment about these people having money. I will have to investigate this further because everything I read and hear says otherwise. Like I mentioned, the province of Ontario is spending over $1 billion a year to put immigrants up in hotels. That is not sustainable. I also should have asked him about the explosion in gov jobs because these are not real jobs, they are fake jobs.

[@kevinj2334]

22:25 thanks for steering it back away from Trump, nice to touch on it but im getting tired of hearing about. You are a great interviewer.

[@BloorStreetCapital]

Thanks for the comment Kevin! Trump makes for good entertainment but we have serious economic problems in Canada that no one is really addressing. Our economy is in a downward spiral.

[@Mooseracks]

WHAT HAPPENED IN 2015...

[@eventhorizon7978]

This federal government has been monumentally inept at managing the economy. The Conservatives only offer useless slogans. We are seriously toast.

[@BloorStreetCapital]

I can’t argue that point but one thing is for certain we need change now. I think Trump, love him or hate him, can change the direction of our economy.

[@WesternPatriot-v8m]

Trudeau Jewish communist

[@VinNewYork-zv9rn]

Do not forget about me I told you 6 months ago that we going to 1375 but now I m tell you we will see 1200 on sp500

[@MandyLuck]

Mortgage teats

[@togoni]

Waist of time. Nothing tangible

[@BloorStreetCapital]

Sorry you feel that way obviously you are not Canadian so it doesn't impact you. What else would you like to hear?

[@carocarochan]

The Canadian economy is not productive.

[@FaithPetrov]

✝️🌹 We Canadians stand behind the God Blessed Mr. President Trump. God Bless you Mr. Trump. Canadians love you✝️🌹🌹.

[@maxpayne7419]

You are pathetic

[@cynthiacools-lartigue5297]

Wish we were done with the vaxx and masks to stay safe nonsense. If I wasn’t interested in this topic I would have scrolled to a different video after that initial advertisement.

[@christophercharles3169]

But according to the Liberals, everything is rosy where our economy is concerned. According to them the future will be amazing because of what they've done.

[@BloorStreetCapital]

Thanks for the comment Chris and for taking the time to view our content! Yes its amazing how out of touch our current leadership is.

[@GeorgeKostecki]

We are in hard times,but if the far rightwing cons party get in we will be back in the 29-30 more tents people soup line because the far rightwing cons will cut everything y have y should talk about the far rightwing cons cons mot the liberals .let go liberal

[@sonnyyeung6060]

Canada has the #9 largest GDP, how come Con’s are measuring GDP per capita recently?

[@BloorStreetCapital]

GDP Per Capita is the best way to compare apples to apples.

[@BloorStreetCapital]

And though Canada is in the top 10 it is so small it’s insignificant. California has the same population of Canada and it’s GDP is 50% larger.

[@sonnyyeung6060]

@@BloorStreetCapital California has Tech Billionaires. I noticed the per Capita has been falling the last 6, 7 “quarters” that we received higher than average Labour to work Joe jobs since 2022 that the Narrative if diff.

[@AB-vv7rr]

utter nonsense

[@sacredmetaphics]

Dont know if realize the world is in a state of change and all countries are in some type of turmoil. The problem is the opposition party has a moron for a leader.

[@racinghaarrleykeen]

You Mean they all exercise The WEF agenda !

[@BloorStreetCapital]

You are correct, the world is moving to the right not only in the US but also in Argentina and Italy and soon in Canada.

[@sacredmetaphics]

@@BloorStreetCapital it not going to be good