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Immigration to the Rescue: New Canadians are Preventing a Recession - RBC Report
Manage episode 430609468 series 3343796
š„ Subscribe to the Pulse Newsletter for Weekly Market News (FREE) ā¤ https://thepulse.beaviswealth.com/
In this episode, we explore why Canada feels like it's in a recession despite not being officially declared as one. With high interest rates, inflation, rising unemployment, and softening retail demand, the economic landscape is tough. However, a surge in immigration is keeping the economy afloat, providing a crucial buffer against recessionary forces.
Also in this episode:
šŖ The Bank of Canada is set to lower interest rates again, hoping to ease financial pressures as inflation cools down.
šŗšø The upcoming U.S. presidential election causes market volatility as Biden steps down and endorses Kamala Harris.
šļø Fairfax Financial Holdings acquires Sleep Country Canada in a $1.7 billion deal, set to close in late 2024.
Thank you to BMO ETFs for supporting this video. Learn more about how BMO ETFs can help you:
https://www.bmogam.com
-----------
Courses & Training - The Investing Academy ā¤ https://bit.ly/theinvestingacademy
Follow Us On Blossom ā¤ https://getblossom.page.link/brandon
Instagram ā¤ https://bit.ly/3Oechgh
TikTok ā¤ https://bit.ly/3PlNvfw
LinkedIn ā¤https://bit.ly/3RLndF7
Website ā¤ https://www.beaviswealth.com
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The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances.
Business Inquiries: support@theinvestingacademy.ca
-----------
Beavis Wealth Disclaimer:
The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.
-----------
BMO Disclaimer:
This content is sponsored by BMO Exchange Traded Funds.
This content is intended for information purposes only. This content has been prepared by Beavis Wealth and represents its assessment at the time of publication. Beavis Wealth is compensated under this arrangement by BMO Exchange Traded Funds. The content contained herein does not necessarily represent the views of BMO Global Asset Management. The views expressed herein by Beavis Wealth are subject to change without notice. The content contained herein is not, and should not be construed as, investment advice to any party. Any securities described herein must be evaluated relative to the individualās investment objectives and risk tolerance, and professional advice should be obtained with respect to the individualās particular circumstances.
The views expressed herein by Beavis Wealth regarding a particular company, security, industry, or market sector should not be considered as an indication of trading intent of any investment funds managed by BMO Global Asset Management. Any reference to a particular company is for illustrative purposes only and should not be considered as investment advice or a recommendation to buy or sell nor should it be considered as an indication of how the portfolio of any investment fund managed by BMO Global Asset Management is or will be invested. This social media network is an independent organization and is not affiliated with BMO Global Asset Management.
BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate.
455 episodes
Manage episode 430609468 series 3343796
š„ Subscribe to the Pulse Newsletter for Weekly Market News (FREE) ā¤ https://thepulse.beaviswealth.com/
In this episode, we explore why Canada feels like it's in a recession despite not being officially declared as one. With high interest rates, inflation, rising unemployment, and softening retail demand, the economic landscape is tough. However, a surge in immigration is keeping the economy afloat, providing a crucial buffer against recessionary forces.
Also in this episode:
šŖ The Bank of Canada is set to lower interest rates again, hoping to ease financial pressures as inflation cools down.
šŗšø The upcoming U.S. presidential election causes market volatility as Biden steps down and endorses Kamala Harris.
šļø Fairfax Financial Holdings acquires Sleep Country Canada in a $1.7 billion deal, set to close in late 2024.
Thank you to BMO ETFs for supporting this video. Learn more about how BMO ETFs can help you:
https://www.bmogam.com
-----------
Courses & Training - The Investing Academy ā¤ https://bit.ly/theinvestingacademy
Follow Us On Blossom ā¤ https://getblossom.page.link/brandon
Instagram ā¤ https://bit.ly/3Oechgh
TikTok ā¤ https://bit.ly/3PlNvfw
LinkedIn ā¤https://bit.ly/3RLndF7
Website ā¤ https://www.beaviswealth.com
-----------
š¦šØš¦ Sign Up Bonuses š°šø:
āŗ Qtrade Direct Investing Online Brokerage (Get $50 upon opening and funding a new account, up to $150 for 3 accounts). - https://api.fintelconnect.com/t/l/6583645fd703fa001b0af6e5
āŗ Questrade Online Brokerage (Get $50 in commission-free trades) - https://bit.ly/3OhrRrK
āŗ Wealthsimple Trade ($50 cash bonus when you deposit $150 or more) - https://bit.ly/3v1FBQt
āŗ Wealthsimple Invest Robo-Advisor (Receive a $50 sign up bonus) - https://bit.ly/3Pm2g1Z
āŗ NEO Financial (Cash Back Credit Card) - https://bit.ly/3yJqb4s
The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances.
Business Inquiries: support@theinvestingacademy.ca
-----------
Beavis Wealth Disclaimer:
The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.
-----------
BMO Disclaimer:
This content is sponsored by BMO Exchange Traded Funds.
This content is intended for information purposes only. This content has been prepared by Beavis Wealth and represents its assessment at the time of publication. Beavis Wealth is compensated under this arrangement by BMO Exchange Traded Funds. The content contained herein does not necessarily represent the views of BMO Global Asset Management. The views expressed herein by Beavis Wealth are subject to change without notice. The content contained herein is not, and should not be construed as, investment advice to any party. Any securities described herein must be evaluated relative to the individualās investment objectives and risk tolerance, and professional advice should be obtained with respect to the individualās particular circumstances.
The views expressed herein by Beavis Wealth regarding a particular company, security, industry, or market sector should not be considered as an indication of trading intent of any investment funds managed by BMO Global Asset Management. Any reference to a particular company is for illustrative purposes only and should not be considered as investment advice or a recommendation to buy or sell nor should it be considered as an indication of how the portfolio of any investment fund managed by BMO Global Asset Management is or will be invested. This social media network is an independent organization and is not affiliated with BMO Global Asset Management.
BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate.
455 episodes
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