Subprime Lending Skyrockets as Cyclical Stocks Face Challenges

Published 2024-09-12, 08:23 a/m
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In this episode, we dive into the Bank of Canada's recent 25bps rate cut and its implications for the Canadian economy. With inflationary pressures persisting in shelter costs, we discuss whether the central bank’s decision could reignite the housing market while balancing economic slowdown.

We also analyze Couche-Tard's (TSX:ATD) ambitious bid to acquire 7/11, their Q1 earnings, and the potential risks of such a massive acquisition. Finally, we cover BRP's (TSX:DOO) disappointing earnings and the rise of subprime lending, examining how companies like Affirm Holdings (NASDAQ:AFRM) and Propel Holdings (TSX:PRL) are faring in an economy where more consumers are struggling to make ends meet.

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