Are you feeling the impacts of financial strain as a Canadian? Leave a comment below! 📈 🇺🇸 🇨🇦 Get up to $1,550 in FREE Cash with Moomoo (Stock Broker): j.moomoo.com/00Cwm8 📈 🇨🇦 Open a High-Interest Savings Account with NEO & get 4.00% Interest at all times!: bit.ly/neo-hisa -Griffin
@seolfor47974 ай бұрын
Canada is so broken - my 2 kids will never be able to buy a house - they are furious about that
@cuybueno4 ай бұрын
And that is what the WEF globalists want. They are against private property and want everyone to rent only.
@GriffinMilks4 ай бұрын
Unfortunate reality for sure!!
@cuybueno4 ай бұрын
That's what these WEF globalists want. Everyone will rent in the future, no one should buy.
@cuybueno4 ай бұрын
That's what the globalists want: everyone must rent, and nobody should buy.
@cuybueno4 ай бұрын
Everyone must rent.
@cakeismtrader42274 ай бұрын
When a small house is $500,000 that’s $4,000 mortgage a month and most people only make $35,000 a year after tax… it’s time to move to another country maybe El Salvador
@GriffinMilks4 ай бұрын
Good luck with the move! Thanks for watching
@jsurette75213 ай бұрын
It's shocking. Only a decade ago, Canada had one of the richest middle classes in the world. Median income was near US levels and the economy was still growing. Since then, real GDP per capita has gone nowhere and is now falling meanwhile the US has grown >30% in that same time! We're now a relatively "poor" rich country, and on our way to leaving the club entirely. Worst of all, this is a self-inflicted wound.
@anthonydansereau10764 ай бұрын
People need to vote conservative… also mortgage interest rates should be tax deductible like in the usa
@GriffinMilks4 ай бұрын
Mortgage interest deduction would be amazing… and we dont even have 1031 exchanges either!
@terraineriley4 ай бұрын
Great video thanks brother
@GriffinMilks4 ай бұрын
Glad you enjoyed it. Thanks for watching’
@Dinoknows0073 ай бұрын
Our economy is too highly dependent on housing relatively to other countries. Also the free trade agreement with US is hurting Canada.This country is just a branch location for business...why locate in Canada when you can serve the Canadian market from the US where cost is lower? Also, we produce graduates that will be poached by US companies. Similarly, our R&D success are bought over by US companies. Compare ourselves to Australia. We pay more in taxes because we get back more in public services, eg healthcare, child benefits etc.
@UltraVega924Ай бұрын
No, what you’re talking about is not the result of any free trade agreement. If anything, US companies should have more access. Canada is not as productive and competitive because there is less of an entrepreneurial spirit, less vision, less willingness to take risk, a lack of sufficient investment in R&D, and much less willingness to invest in the means of productivity. Not to mention the scores of immigrants flooding into the country without the infrastructure capacity to absorb them, or the reality that this is not leading to sufficiently increased economic productivity or growth. What we’re seeing is that the economic pie is not getting bigger as more and more people come to sit at the table. The slices are simply getting smaller and smaller. The result is a poorer country. Why wouldn’t workers go to the US? Along with lower productivity compared to the US, per capita GDP is far behind and the gulf is only widening. By 2029, the IMF projects Canada’s per capita GDP to be (USD) $68,441. The US? $100,580.
@Dinoknows007Ай бұрын
@@UltraVega924 Canada is not productive because our business are not spending enough on capital equipments. Our people work hard but the owners are not willing to buy the equipment to make us more productive. As a business owner with the goals of expanding into the US, why would you invest in Canada when you can setup in the US at a lower cost later and continue to sell to Canada from your US base? It is important to define 'immigrants' as the new spin by anti-immigration critics is to lump TEMPORARY visitors (ie foreign workers and students) with permanent residents to create the new narrative that immigration is hurting Canada. Foreign students spend billions of dollars boosting consumption. Temporary foreign workers are allowed in because small and medium business demand them. Canada is NOT poor or broken. We are right there in the middle of the pack, even in the coming decade. And we definitely can do better if we stop focusing on real estate and resources as our main economic drivers of growth. We are under investing on STEM sectors and we also don't do enough to protect from being snatched up by US PE/Hedge funds when these companies demonstrate success. We are just happy to become branch operations of US business. The US has been experiencing strong growth in the last three years, thanks to the massive fiscal spending (ie Inflation Reduction Act - $740 billions, CHIPS Act - $280 billion). The impact of those spending will end eventually. If Canada is spending billions to educate our youth, we should not make it easy, through free trade, for the Americans to poach these highly skilled to work in the US. Canada should be training workers for the US. Finally, the cost structure of the US is always going to be lower than Canada because the latter does not provide that level of social spending as we do. That is what make Canada different from the US. If the pursuit of wealth is all that matters, choose the US. If you want more in life, Canada provides immense opportunity. Canada seeks to bring everyone up, instead of just letting the fortunate few soak up the wealth and let the masses struggle to eke up a living. .
@ericd54534 ай бұрын
Great video. Appreciate the more nuanced breakdown. Griffin for Prime Minister!
@GriffinMilks4 ай бұрын
Glad you enjoyed it Eric!
@jessehamlin34204 ай бұрын
productivity per worker declining is not good, at least immigration is high - we could have a situation like japan where productivity is lowering and immigration is non existent and that would be even worse - another thing to consider is immigrants do take a few yrs before they start contributing to the economy so hopefully we will see that moving forward - all signs point to a change in government soon which will likely focus more on productivity per worker as well - hope is not lost imo
@GriffinMilks4 ай бұрын
Thanks for taking the time to share your thoughts Jesse!
@jsurette75213 ай бұрын
Immigration is not intrinsically good (or bad, for that matter). But when a small country imports millions of people to depress wages slaving at minimum wage jobs (fast food, Uber) while chasing fake "diplomas"... well, that doesn't really seem good for anyone. Canadian quality of life is eroding and a lot of the newcomers are themselves victims, having been lied to and exploited.
@Dermisc4 ай бұрын
Our lack of ability to efficiently extract, refine and export natural resources is the primary reason for our deteriorating economy. Instead of hugging trees, we need to be building pipelines, refineries and transportation infrastructure. The answer to our environmental problems lies with process improvement, not process elimination. If the world needs more oil and minerals, it needs more oil and minerals. Block businesses from extracting those resources in Canada, and they'll just head elsewhere to satisfy that same inelastic demand.
@GriffinMilks4 ай бұрын
Thanks for watching and commenting!
@jsurette75213 ай бұрын
We'd rather import materials from third world sources with questionable safety, environmental, human rights etc. records than utilize our own resources in a safe and controlled fashion.
@Anthony-lk5dm4 ай бұрын
And some people will still vote liberal 😂
@alexsdb97122 ай бұрын
It's time for it to be "pay as you go style". If someone didn't vote Liberal/leftist, then they do not become affected by their ways. For example, supporting open borders and refugees, fine. But the Liberal voters must be the ones to open their homes and help set up shelter for those people, whoever they may be.
@Samuels-nz9em4 ай бұрын
This has happened before, we'll be back.
@GriffinMilks4 ай бұрын
I hope so!!
@hexxlaxx29924 ай бұрын
Next election will determine our future
@Samuels-nz9em4 ай бұрын
@@hexxlaxx2992 We need a fiscally responsible government come next elections
@edgrills66504 ай бұрын
easy access to social programs disourages productivity
@GriffinMilks4 ай бұрын
I agree!
@funkspinna4 ай бұрын
Capitalism creates. Socialism takes.
@brianlowe3529Ай бұрын
When you are next door to USA what do you expect .
@michaelnovytskyi58254 ай бұрын
Trudeau. That’s why!
@GriffinMilks4 ай бұрын
Thanks for watching
@anthony45714 ай бұрын
Griffin, I think you just attracted all those Canadians doomers with this one 😂
@GriffinMilks4 ай бұрын
It's possible haha
@393boss2 ай бұрын
I AM GOING BROKE PAYING MY BILLS AND I WORK IN THE TRADES
@KPICWorldwide2 ай бұрын
Canada will have less productivety growth than both Italy and France, which have far superior climate and lifestyle factors. Retention of the immigrants Canada has relied so heavily upon will be difficult as the quality of life in other developing countries improves comparatively.
@abaldwin60594 ай бұрын
This is expected in a socialist country.
@GriffinMilks4 ай бұрын
Becoming more so for sure
@gwarlow4 ай бұрын
Wages have stagnated, housing prices have soared, and poverty has increased in the United States as well. Do you consider it to be a “socialist” country?
@coolbuddydude14 ай бұрын
Canada is like Russia but without the ressource extraction and technology
@GriffinMilks4 ай бұрын
I mean, I still think we’re better off than Ruussia 😅
@cuybueno4 ай бұрын
What can you expect if the Canadian leader is a failed substitute drama teacher?
@funkspinna4 ай бұрын
And a Minister of Finance whose background was in journalism.
@cuybueno4 ай бұрын
@@funkspinna Yeah, he is surrounded by incompetents like Freakland, Guilbault, Rodriguez, and so on, so he can pretend he is a leader.
@cuybueno4 ай бұрын
@@funkspinna yeah, Freakland a failed journalist.
@Canadian_Eh_I4 ай бұрын
It would be hilarious if it werent so shockingly sad
@dominiquetheeasyminimalist4 ай бұрын
The US is creating more part time low paying jobs with no healthcare, education costs are skyrocketing, and they have the same housing issues. Their economy is growing, but the “average” American is getting poorer. In Canada people in general want the government to take care of everything, without paying the taxes. No free lunch.
@EliF-ge5bu4 ай бұрын
Yeah, we do have housing issues but not at the same rate as Canada. Compared to Americans, Canadians are paying the equivalent of. New York City houses while they live in Pittsburgh.
@Tobzzzz_3 ай бұрын
We have carbon tax, fuel tax, income tax, provincial tax, harmonized tax, goods and services tax, property tax, tax, tax, tax😭😭😭😭
@UltraVega924Ай бұрын
This video is about Canada though 😂. See, this whataboutism is the problem with Canada and it has infuriated me since childhood. It reminds me of Matthew 7:3 which says, “Why do you look at the speck of sawdust in your brother’s eye and pay no attention to the plank in your own eye?”