In this episode, Canada’s inflation cooled to 1.9% in November, but sticky core inflation at 2.7% raises questions for the Bank of Canada. With transportation costs rising and food inflation easing, what will the central bank do next? Also in this episode:
- US Economy Outperforms Expectations: U.S. GDP growth hit 3.1% in Q3, the strongest in 2024, driven by consumer spending and investment gains. Can this momentum last into Q4?
- Fed Cuts Rates Again: The Fed lowered interest rates but signaled fewer cuts in 2025. Growth projections remain optimistic, but will markets stay patient amid slower rate changes?
- Loonie Hits 5-Year Low: The Canadian dollar dropped to its lowest since 2020, pressured by domestic uncertainty and a strong U.S. dollar. What’s next for Canada’s currency?
- Freeland Resigns Amid Deficit Drama: Chrystia Freeland quit as finance minister, slamming Trudeau’s priorities as Canada’s deficit balloons to $61.9 billion. Is a confidence vote on the horizon?
- Trump’s Canada Comments Stir Tensions: Donald Trump taunts Canada amid political and economic chaos, hinting at steep tariffs and taking jabs at Trudeau. Could this escalate further?
This content was originally posted on the Beavis Wealth YouTube Channel