Canada's long-term economic outlook

James Orlando, director and senior economist at TD Economics, joins BNN Bloomberg to share his economic outlook amid rate uncertainty.
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[@sainathb3149]

Let's keep talking about rate cuts rather than addressing the source of the problem. An economy built around housing is a ponzie scheme, not a G7 country.

[@solongsucka]

feel free to leave

[@notastone4832]

built around housing, corruption and immigration... yeah id say its a ponzi scheme

[@PaulK-el9zx]

Agree 100%

[@abcdedfg8340]

Maybe we need to learn from places like Germany and France where I hear they are just as productive as the United States and have their own industries. But also have much better work life balance, better public health, and more affordable living costs.

[@notastone4832]

@@abcdedfg8340 lol you mean two countries with economies in free fall just like canada? you want to copy them?

[@WildDisease72]

This guy and Warren Buffet have more confidence in Canada than Canadians

[@michael2275]

Wouldn't invest a dime until Trudeau is gone

[@ransom182]

lol overdramatic much? You're not a very smart investor if you're trying to game the market. Focus on what you can control, and tune out the toxic political BS.

[@michael2275]

@@ransom182 Lots of better places to invest. Trudeau is a major impediment to capital coming to Canada.

[@rando9564]

Is he talking about the same Canada? delulu to the max

[@muzammelhaquemukul7089]

TD bank forecaster?!! Couldn’t even forecast their own fate after money laundering 😅

[@ewaste8318]

This guy is living in a pipe-dream. Canada's economy is doomed, and we're currently entering a lost decade worse than Japan's.

[@abcdedfg8340]

Unless we decide to change it. This is a democracy. We can end the chronic burnout crisis and restore productivity. We just need to learn from Germany and other productive european countries that also have better health outcomes with similar output per workers as the united states as i read. So what are we waiting for. We have a democracy, organizations that can address these issues, and civil society.

[@ewaste8318]

​@@abcdedfg8340 I'm sure things might get better when Trudeau is gone and we potentially get more sensible government policy, but it's so far gone I think it would be naive to expect a soft landing for the Canadian economy. Normalization of debt-levels for example will require a lot of economic pain to get there. A period of stagnation before Canada can recover seems inevitable, but we'll see what happens.

[@Iliinois18]

This guy is delusional.....

[@philshyu5248]

He drank the Trudeau/Singh Freeland koolaid. He's overlooking all of rising taxes and all of the new taxes being introduced and the added bureaucracy that is slowing everything down. Money and capital spending is going elsewhere to look for better returns.

[@richardli5530]

Based on his age, he probably thinks that 5.25% is ultra high interest. Poor kid never read history.

[@OzzeyfromVek]

he certainly is

[@esparda07]

Same guys applauding the rate cuts last month only to have inflation increase shortly after lol.

[@scottblackburn2969]

Inflation still at 4.2 4.6 percent per month. Higher than us.

[@MGTOWPsyche]

Americans can deduct mortgage interest and consumer interest on credit cards on their taxes, compared to Canadians who can't deduct consumer interest on their taxes!

[@nicktw8688]

Dude. Canada has a better credit rating than the USA. 😂

[@manjitkumar5461]

@@nicktw8688 That’s not what they said in the comment.

[@manjitkumar5461]

This!! And somehow you can do that if it’s a rental property but not your own residence.

[@jerryfz]

lol cutting is because of weak eco. This argument is the same as devaluing the Canadian dollars to boost economic development.

[@ar6888]

I'm not buying this assumption. US is going to continue to out perform Canada period. Nothing analysts say can change that fact.

[@evadeanu1]

Absolutely!

[@philipsimmonds1103]

​@evadeanu1 US isn't trading crude on usd anymore they can no longer leverage their debt like the used to.

[@evadeanu1]

@@philipsimmonds1103 that’s true, but at least they produce and progress. We unfortunately don’t.

[@philipsimmonds1103]

@@evadeanu1 once the incompetence is removed it will b a massive new landscape

[@nicktw8688]

Most Americans are suffering from inflation; Canada silver lining are our social programs and other nice things like universal pharmacare/dental/childcare ect…

[@oz3906]

Keep dreaming ! This channel is more of a comedy for economics, affordability is everything ! 25 % of the housing belongs to the investors, you will learn that not the government not the central bank are in charge! Inflation is !

[@scottblackburn2969]

One household disaster and you are finished here

[@Michael-pg7rv]

It sickens me that American's are able to lock in a mortgage rate for 30 years while in Canada the best we can do is 5 years. I really think that this should be changed. It is so hard to plan your future not knowing what your mortgage rate is going to be be 5 years or less at any given point. I would love to see this increase even by a year or two. It would make a big difference to so many young Canadians trying to chart out their lives.

[@marcb3097]

The fact they cut once doesn't mean they are in a "cutting cycle". Inflation just went up again.

[@PaulK-el9zx]

Lower interest rates and high immigration are only going to make it worse for housing.

[@prinnyexplodes]

Lower interest rates does not mean economic growth always ... It is a lot more complicated.

[@trails3597]

Predicting 2.5% is bonkers.

[@veronicadicerni2479]

Love this guys positivity 😅 I’ll have what he’s having!

[@andrewcrook2240]

Hopium

[@guigram1124]

This outlook probably takes into account that we will have a change in leadership next year

[@chozinthet6366]

I am not sure if me and the people in comments are being pessimistic or the economic forecasters are delutional.

[@sylvainh2o]

Sure such a good Tailwind when our dollar fell to 73 cents and more rate cut = Cad dollar value falling even more. Canada sucks at giving incentive for companies to establish themselves in Canada and Quebec anti English laws are costing everyone so many jobs. I wish Quebec would be free and not a slave to French language and that's coming from someone that is a French Quebecor!

[@andrewcrook2240]

I do agree about mortgage rates and amortization and tax benifots of usa vs Canada.

[@dirtlump]

2.25% is NOT HAPPENING ! It's called maintaining a positive BoC rate in real terms above the 'zero bound' 2% Inflation target.... and the BoC is pretty much stuck given the now 'debasement' based nature of further DEBT expansion(already ~$3+ Trillion Mortgage/Consumer) unsupported in 'future' GDP/GDI servicing capacity which has been stagnant already 10+ years devoid of productivity growth.(canadian GDP barely ~$2 Trillion) This guy is sniff'in GLUE !

[@ld1639]

coping hard

[@hbbstn]

What he says is logical. If mortgage holders free up some of their disposable income, spending will increase. A lot of people in the comments are negative for other reasons.

[@harrysr93]

What about higher taxes ?? that put us way behind in G7.

[@vhateverlie]

So we're going to turn the Canadian dollar into the Canadian Peso, keep housing prices high at the expense of the currency all Canadians are forced to use...

[@WildDisease72]

Canadians dont have as much confidence in their country as this guy and Warren Buffet

[@nicktw8688]

It seems 75 cents is a good level for the canuck buck.

[@evadeanu1]

Wishful thinking

[@DanielH874]

In my opinion this man does have the experience, education or foresight to see what is going on. Saying Canada is in a "cutting cycle" is ridiculous...... Either he has come onto the show to lie to us or he is clueless..... Either way this does not give me much confidence in TD.

[@hbbstn]

The housing market will not crash folks. Any government will do everything to keep it together. Forget about a dream correction where everything will be back to what it was. This is the new reality.

[@jamesbilodeau8188]

WHOOOEEE!! The graff shows Canada's growth between now and same time 2025, a whopping .4% . Four tenths of ONE percentage point. Not even half. We are all going to be RICH!!!!! Not.

[@brodieobrien-pickering2202]

This channel is a joke

[@foxtrotbravo1744]

They have all kinds of guests on, yesterday Kevin O'Leary had the opposite take on the economy. It's up to you to use your noodle and sift through the various opinions.

[@raesmart3305]

I was stupid for to many years and unloaded all my Canadian and bought USA.

[@PaulK-el9zx]

Good move I did the same this country is too washed up in housing. It's going to take years to fix it.

[@jackhsiehhautecouture]

Buy gold?

[@hbbstn]

2025 is next year. This is not a long term outlook.

[@OzzeyfromVek]

give me a break

[@zomgoose]

SELLING HOPIUM

[@ehsankhateezyar]

🌎

[@andrewcrook2240]

This kid's head is in thr clouds. He is "feeling" the economy from spreadsheets. He has no idea what he is talking about. This guy is the classic "we never saw it coming" 2008. Listen with caution.

[@mgdubya27]

Whatever...