Canada's long-term economic outlook

Рет қаралды 17,542

16 күн бұрын

James Orlando, director and senior economist at TD Economics, joins BNN Bloomberg to share his economic outlook amid rate uncertainty.
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Пікірлер: 115

@sainathb3149 14 күн бұрын

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 14 күн бұрын

feel free to leave

@notastone4832 14 күн бұрын

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

@PaulK-el9zx 14 күн бұрын

Agree 100%

@abcdedfg8340 14 күн бұрын

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 13 күн бұрын

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

@finleysterling562 2 күн бұрын

I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...

@leedavis3639 2 күн бұрын

If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.

@SamehGalal-bj5ni 2 күн бұрын

Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.

@darrenphilip247 2 күн бұрын

That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of 550k, which is about 10 times more than I average on.

@finleysterling562 2 күн бұрын

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

@darrenphilip247 2 күн бұрын

Ethan Grayson is one of the finest portfolio managers in the field. He's widely recognized; you should look him up.

@michael2275 14 күн бұрын

Wouldn't invest a dime until Trudeau is gone

@ransom182 14 күн бұрын

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 14 күн бұрын

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

@ransom182 10 күн бұрын

@@michael2275 there are record levels of foreign investment coming into Canada. I'm not a Liberal but I do follow actual facts, not polical outrage farming.

@michael2275 10 күн бұрын

@@ransom182 No, US is sucking up much more of the investment flows. Just look at the CAD/USD. FDI is weak for many years. That’s why productivity is so weak and a big part of why real GDP per capita is shrinking for 7 quarters straight in Canada.

@ewaste8318 14 күн бұрын

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 14 күн бұрын

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 13 күн бұрын

@@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.

@muzammelhaquemukul7089 14 күн бұрын

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

@WildDisease72 14 күн бұрын

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

@rando9564 14 күн бұрын

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

@TooBadToBeAway1 9 күн бұрын

Indeed. The growth of an economy is not SOLELY due to interest rates. Raising the capital gains tax sends the wrong message to investors.

@Iliinois18 14 күн бұрын

This guy is delusional.....

@philshyu5248 14 күн бұрын

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 14 күн бұрын

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

@OzzeyfromVek 14 күн бұрын

he certainly is

@esparda07 14 күн бұрын

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

@scottblackburn2969 12 күн бұрын

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

@ar6888 14 күн бұрын

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

@evadeanu1 14 күн бұрын

Absolutely!

@philipsimmonds1103 14 күн бұрын

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

@evadeanu1 14 күн бұрын

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

@philipsimmonds1103 14 күн бұрын

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

@nicktw8688 14 күн бұрын

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

@MGTOWPsyche 14 күн бұрын

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 14 күн бұрын

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

@manjitkumar5461 12 күн бұрын

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

@manjitkumar5461 12 күн бұрын

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

@parkerbohnn 7 күн бұрын

They can also tax deduct their property taxes.

@fennugreek-gs5zb 6 күн бұрын

No they can’t. You can only deduct your mortgage IF the amount of interest is more than the standard deduction. So only people with huge mortgages land here. And you cannot deduct consumer debt. I have no idea where you get that nugget.

@trails3597 13 күн бұрын

Predicting 2.5% is bonkers.

@jerryfz 14 күн бұрын

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

@prinnyexplodes 14 күн бұрын

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

@marcb3097 14 күн бұрын

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

@veronicadicerni2479 12 күн бұрын

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

@andrewcrook2240 12 күн бұрын

Hopium

@beautanner8409 11 сағат бұрын

"That'll be a significant tailwind to Canadians: we'll have less of our disposable income going to mortgage payments" - at a time when house prices are so high that they are defined as being "impossibly affordable". Yep, there's a privileged segment of Canadian society who aren't sensitive to the current extremely high prices, and this is a massive windfall for them. For much of Canadian society, this is an utter catastrophe.

@oz3906 14 күн бұрын

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 12 күн бұрын

One household disaster and you are finished here

@PaulK-el9zx 14 күн бұрын

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

@Michael-pg7rv 13 күн бұрын

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.

@sylvainh2o 14 күн бұрын

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!

@guigram1124 14 күн бұрын

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

@beautanner8409 11 сағат бұрын

"There's more certainty in Canada" - yes, a huge segment of the population will certainly never own a home, and all the vulnerability that goes along with that.

@chozinthet6366 13 күн бұрын

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

@oussamaalaoui9121 6 күн бұрын

An economy based on housing is not a stable economy

@andrewcrook2240 12 күн бұрын

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

@dirtlump 14 күн бұрын

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 !

@jessefaw 8 күн бұрын

This forecast is assuming that interest rates will be lowered to 3.5% by the end of this year. They need to cut every single meeting for that to happen. I doubt it

@hbbstn 12 күн бұрын

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.

@WildDisease72 14 күн бұрын

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

@hbbstn 12 күн бұрын

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.

@dvk7277 11 күн бұрын

Money should be poured into family support. Let us grow our families and our ofspring will support Canada. Make living here the dream. Invest in Canada. If we do this, in less than 10 years we will see growth.

@dominiquechausson765 7 күн бұрын

the problem is people cant affort rent so they cant makes babies without houses :o

@dvk7277 7 күн бұрын

@dominiquechausson765 True. However, that is why the Gov should give family assistance. Incentive with a return. Invest in us and make sure we invest back into Canada.

@harrysr93 13 күн бұрын

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

@evadeanu1 14 күн бұрын

Wishful thinking

@ld1639 14 күн бұрын

coping hard

@vhateverlie 14 күн бұрын

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...

@nicktw8688 14 күн бұрын

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

@raesmart3305 14 күн бұрын

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

@PaulK-el9zx 14 күн бұрын

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

@OzzeyfromVek 14 күн бұрын

give me a break

@DanielH874 13 күн бұрын

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.

@brodieobrien-pickering2202 14 күн бұрын

This channel is a joke

@foxtrotbravo1744 14 күн бұрын

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.

@zomgoose 14 күн бұрын

SELLING HOPIUM

@jamesbilodeau8188 12 күн бұрын

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.

@ehsankhateezyar 14 күн бұрын

🌎

@wayne4768 2 күн бұрын

These are the lies. You cannot fix debt with more debt

@jackhsiehhautecouture 13 күн бұрын

Buy gold?

@hbbstn 12 күн бұрын

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

@pavel0900 6 күн бұрын

Canadians can thank Trudeau for getting us to where we are today - poorer than ever before and miserable

@mgdubya27 14 күн бұрын

Whatever...

@andrewcrook2240 12 күн бұрын

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.

@gabrielladots5990 3 күн бұрын

Oh look TD bank rushed this dude out to seem “like they are experts in economics” after TD has been all over the news about money laundering…lol….TD in on damage control 🤣🤡