In this video, we discuss the recent Canadian unemployment numbers, and they are going up. What is the cause of the job market problems? Is it immigration? A lot of people say that. Is it young people returning to work after taking time off to spend Covid-19 benefits? We'll discuss.
Also on this episode, an RBC (TSX:RY) report shows that there are around $900 BILLION worth of mortgages coming due in the next three years, and if high interest rates persist it will cause a shock to both homeowners and banks. And, it looks like the BC legislation that targets short-term rentals like Airbnb (NASDAQ:ABNB) is having an effect.
This content was originally posted on the Beavis Wealth's YouTube Channel