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On this episode of The Construction Record Podcast™, digital media editor Warren Frey looks back at 2023 and forward to 2024 through an economic lens with ConstructConnect chief economist Alex Carrick and senior economist Michael Guckes. Chief amongst the big construction stories of 2023, Carrick said, is the increased number of megaprojects underway in both the United States and Canada, as well as an intense push to electrification of infrastructure on both sides of the border. However he cautioned that in order for this change to happen, the number of electric vehicles has to increase. There will be bumps along the way, Carrick said, but eventually this transition will occur. Guckes pointed to a weakening commercial and residential market in 2023, but said the movement of manufacturing back to the United States along with new construction opportunities including increased military spending as geopolitics around the world continues to fluctuate. Carrick said the biggest economic story in 2024 will be a decline in interest rates, resulting in more people looking to buy property and invest in businesses, and pointed to Canadian population growth as also impactful to the economy. He also said several new megaprojects such as the LNG facility in Kitimat and the completion of the Trans Mountain project will positively impact Canada's GDP. Guckes echoed that Canada, once these new projects are online, will be a viable alternative to Russian gas and other energy providers, and said in the United States water and sewage project while not glamourous have big implications for the construction industry. Both economists also agreed that an increasing use of data centers will mean further construction projects. You can listen to The Construction Record on the Daily Commercial News and Journal of Commerce websites as well as on Apple Podcasts, Spotify and Amazon Music's podcast section. Our previous podcast with highlights from a recent Buildings Show fireside chat style panel about artificial intelligence (AI) moderated by ConstructConnect director of news media Vince Versace, featuring LanadLogic CEO Arash Shahi and Doug Dockery, ConstructConnect's chief technology officer is here. Thanks for listening. DCN-JOC News Services
Welcome back to Make Money Count! In this episode, Marcus and Justin delve into the intricacies of Canada's economy, particularly in light of the recent inflation report. To start, they comprehensively break down the Consumer Price Index (CPI) and examine its impact on inflation through mortgage rates. As the conversation unfolds, the hosts address the challenges faced by small businesses, such as the effects of rising interest rates. They also discuss the substantial role of the housing market in Canada's GDP. Additionally, they explore the intricate connections between interest rates, business challenges, and consumer spending, offering a holistic view of the economic landscape. Zooming in on the Toronto real estate market, the hosts underscore how interest rates significantly influence housing affordability. With a forward-thinking perspective, Marcus and Justin predict potential changes in interest rates, drawing insights from both the bond and CDOR markets. Join us to gain a deep understanding of economic trends impacting your finances. Don't forget to engage by liking, subscribing, and sharing your thoughts. For more captivating content, follow us on Facebook and Instagram. Tune in for invaluable insights guiding you to make well-informed decisions in the ever-evolving economic landscape.
Justin Trudeau has been waging war on the oil and gas industry - which makes up 10 percent of Canada's GDP. Justin Trudeau claims these business policies are in the name of the environment - meanwhile we continue to import a significant amount of fossil fuels from dictatorships all around the world. Catherine Swift is the president of the Coalition of Concerned Manufacturers & Businesses of Canada - she has some thoughts on the damage done by the current Prime Minister. She joins Stephen LeDrew for Three Minutes Hosted on Acast. See acast.com/privacy for more information.
Friday, September 1: The Canadian economy slows down, the CRA fires 120 employees over CERB benefits, and the Labour Day travel weekend begins.
Canada's GDP surprises to the upside, largely on the back of a massive population boom that is masking a lack of productivity growth. This is putting undue pressure on the Bank of Canada, with markets now expecting the BoC to move once again. US jobs data provides a murky outlook. Commodities pointing to recession. And special guest Professor Michael Giest joins us to discuss the controversial Bill C-11 censorship bill. Protect your online data and secure your privacy with Incogni!Get an EXCLUSIVE 60% discount using our link https://incogni.com/looniehour See omnystudio.com/listener for privacy information.
Canadian households owe more in debt than the total of Canada's GDP. That's first among the G7 and near the top of all the world's developed countries. And as the cost of living increases, if we can't afford to service that debt, things could get bad, quickly.How did we get ourselves into this situation? Why do we see household debt as a moral failing instead of the product of the country's economic realities? What's to blame for skyrocketing debt, and what could curtail it? And why do we spend so much time thinking about if a government can balance its budget, and so little thinking about how they can help balance ours?GUEST: Jim Stanford, economist and director of the Centre for Future Work
Canada's GDP was flat in Q4, falling well below the Bank of Canada's forecast. The housing market continues to be starved of inventory as sellers attempt to hold out market conditions. Extend and pretend, amortizations are growing at Canadian banks. Inflation remains sticky across the US and Euro Zone as growth slows. See omnystudio.com/listener for privacy information.
In this episode, hear from Wilson Acton about the first exciting year of building Tall Grass Ventures, a fund he co-created in 2022 to fill the pre-series funding gap while helping founders address their specific challenges in building better businesses. Wilson shares how Tall Grass went from just starting in April 2022 to operating a $20M fund with significant demand, despite softening markets. Wilson also highlights how AgTech can play in future industries, from aviation to cattle production and the importance of having primary producers at the table to help drive the next revolution.Agriculture drives nearly 7% of Canada's GDP, yet the industry can be complex and opaque to outsiders. Hear from Wilson Acton and the Tall Grass Ventures team about how they are helping investors gain exposure to the industry without needing to purchase Saskatchewan farmland.Wilson discusses how Tall Grass Ventures is actively building solutions ripe for adoption and how innovation and technology have long been fundamental to agriculture. Whether you're interested in the nuances of AgTech, the intricacies of launching a fund, or the impact of agriculture on our daily lives, this episode is a must-listen. Wilson's approachable and knowledgeable tone will leave you feeling informed and inspired about the intersection of technology and agriculture.
Andrew Galea of Gunmeister Games joins us to talk about the original version of Judgement, a 54 mm scale skirmish wargame. Recenrly, Judgement underwent a significant set of changes and became Judgement: Eternal Champions, a 32 mm scale wargame played on a hex mat released in conjunction with Creature Caster. Andrew walks through what's changed, what was left behind in version 1, and correctly identifies that deep dish "pizza" is the American equivalent of Vegemite. Note 1: There's some weird audio interference on Andrew's audio, caused by either Outback noises or men at work (as in men working, not the band). We've removed as much of it as possible, but unfortunately, some still slips through. Chris also has some unusual clicking in his audio. We've tracked this down to his headphone cable hitting the mic or his processing of Taylor Ham during recording. A corrective and preventative action plan has been put in place to make sure this doesn't happen again. Note 2: Around the 58 minute mark, we called Andrew our first international guest. Chris correctly pointed out that we had Ash Baker on, one of the leading drivers of Canada's GDP. Owen was under the impression that America had already annexed the nation of Tim Hortons. He attributes this error to his public school education. Useful Links: Judgement (version 1) Kickstarter Page: Useful resource for images of some of the original version of Judgement. Judgement: Eternal Champions Kicktstarter Page: Useful information on the new version of Judgement. Dead Wargamers Society Discord Judgement Discord
The one where Jyll chats with Sabrina from Google Canada about:The findings of Google Canada's 2021 Economic Impact Report - Google helped provide $37B of economic activity, which is 1.5% of Canada's GDP. The three major changes in consumer behaviour over the past few years.The three things to prioritize when developing a marketing plan for 2023. How Sabrina's career journey took her around the world and led her to working with Google 16 years ago. Sign up for the Marketing News Canada e-newsletter at www.marketingnewscanada.com.Thanks to our sponsor, Canada Post! Open yourself up to new ways of thinking about marketing. Dive into INCITE magazine today.Thanks to our sponsor Jelly Academy. Jelly Academy has been helping professionals, students and teams across Canada acquire the skills, knowledge and micro certifications they need to jump into a new digital marketing role, get that promotion, and amplify their current marketing roles. Learn more about Jelly Academy's 6 Week online bootcamp here: https://jellyacademy.ca/digital-marketing-6-week-programSubscribe to our Marketing News Canada Magazine coming this November 2022!Subscribe today and receive 50% off a one year subscription to our printed magazine. Our first edition will be released this Fall 2022, followed by our second edition in Spring 2023. To receive your 50% discount, enter the coupon code: MNC-MAG-50 during checkout.Subscribe Now!Follow Marketing News Canada:Twitter - twitter.com/MarketingNewsC2Facebook - facebook.com/MarketingNewsCanadaLinkedIn - linkedin.com/company/marketing-news-canadaYouTube - youtube.com/channel/UCM8sS33Jyj0xwbnBtRqJdNwWebsite - marketingnewscanada.com Follow Jyll Saskin Gales:Twitter - twitter.com/jyllsaskingalesLinkedIn - linkedin.com/in/jyllsaskingalesYouTube - youtube.com/c/thegoogleproInstagram - instagram.com/the_google_proTikTok - tiktok.com/@the_google_proWebsite - jyll.caFollow Sabrina Geremia:LinkedIn - https://ca.linkedin.com/in/sabrina-geremia-028644Twitter - https://twitter.com/sabrinageremiaThe DMZ - https://dmz.ryerson.ca/people/sabrina-geremia-3/Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Inflation was the name of the game in this weeks update and while inflation numbers remained unchanged from the month before, sitting around 6.9% - that did beat expectations as they were predicted to rise. As of last months report, Canada now has the second lowest inflation rate of any G7 nation! However, seeing that inflation pressures didn't ease last month, it paves the way for another rate hike come December 7th with most analysts predicting somewhere between a 0.25% rise to a 0.50% basis point rate hike. The good news is that comments out of the BoC are also indicating that we are nearing the end of the recent rate hike cycle. This weeks Podcast episode references the Bank of Montreal's chief economist, Doug Porter and his economic outlook for Q1 2023. We look at the current state of Canada's GDP along with BC's GDP and what direction that will take in the new year. We also have an average inflation rate prediction from BMO for 2023 which was a little surprising but none the less fairly good news. Looking across the nation, we check in with several major metros from West Coast to East Coast to see what the Housing Price Index is for the average home in those respective cities along with how far prices have deviated throughout Covid from their long term pricing trend. This was very useful in descending just how out of whack pricing got in some regions. _________________________________ Contact Us To Book Your Private Consultation:
Euro/dollar above parity ahead of Eurozone inflation data. Equities stay wounded as central banks show more teeth. Canada's GDP to add to the case of a 75bps hike by the BoC.Risk Warning: 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlook In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.
In this release of the Canadian Investor Podcast, we cover the following topics: Braden goes over why Intuit is a great business Simon goes over ways to manage the rise in costs in our daily lives and potentially have more money to invest We finish the episode by looking at how Canada's GDP has evolved in the last 6 decades compared to the rest of the world. Tickers of stocks discussed: INTU Check out our portfolio by going to Jointci.com Our Website Canadian Investor Podcast Twitter: @cdn_investing Simon's twitter: @Fiat_Iceberg Braden's twitter: @BradoCapital Sign up to Stratosphere for free
Multifamily Investing in the Texas Triangle [Interview with Ryan Nunes] In this interview, Beau talked with former Wall Street trader, Ryan Nunes. He's the President of Life Changing Capital, based in Houston, Texas. His investment strategy has him investing heavily in the "Texas Triangle" (Dallas, Houston, and San Antonio). About the Texas Triangle Five facts about the Texas Triangle and why we like it. 1 - More Americans are moving to Texas than any other state for the 13th year in a row. 1,095 people move to Texas every day. 2 - The Texas Triangle is expected to add 3.51 MM people (+19.3%) by 2030. 3 - 53 of 54 Fortune 500 Companies are in the Texas Triangle. 4 - 7 of the 10 Largest Universities in Texas are in these 4 cities. 5 - The GDP of Texas is roughly the size of Canada's GDP ($1.653 Trillion).
Canada's GDP grew at an annual rate of 5.4% last quarter. UK regulators are demading Facebook parent company Meta to sell Giphy. Vancouver-based software startup Spare raised $18 million to build out their micro-mobility software. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
More than 40 million Americans are in debt for getting an education. The federal government holds $1.6 trillion in student loan debts, a sum roughly on par with Canada's GDP. President Biden has canceled billions of dollars of debt, but plenty more remains. Plus, a freeze on payments, put in place by President Trump at the start of the pandemic, expires in late January. Unless Biden extends it, as he has done before, loan repayments will be coming due again. How did the student debt crisis in the U.S. get so bad in the first place, and what can we do about it? Persis Yu, staff attorney at the National Consumer Law Center and Director of the Center's Student Loan Borrower Assistance Project, joins the podcast to explain the problem — and possible solutions. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Wednesday 1st September 2021 Markets have lost their optimism overnight. China's PMIs came in softer than expected and Canada's GDP, expected to grow, actually fell. Add falling consumer confidence in the US and there;s plenty of numbers for those looking at the glass half full. Inflation reared its ugly head again too, with Europe's CPI read much more than anticipated, which could present a headache for the ECB, who had signalled that their emergency bond buying would continue through to next year. Ina amongst all of this, the Aussie and Kiwi dollars rose. NAB's Ray Attrill says it's telling as to how much pessimism and bad news was already priced into both these currencies.
Tuesday 1st June 2021 Markets have been understandably quiet with the US and UK on holiday. China delivered its PMIs, with the manufacturing read a little below expectations, and non-manufacturing a little higher than expected. NABs Tapas Strickland says the new orders component of manufacturing suggests demand might be starting to level off. The rising Yuan is clearly a concern for the PBoC who announced measures to tackle it, whilst Chinese authorities are now permitted families to have three children. Whilst Monday was quiet, there's a plethora of data today, including pre-GDP partials for Australia, the Eurozone's CPI, Canada's GDP, US ISM, and China's Caixin PMIs. Plus, of course, the RBA. No big announcements are expected but what will be the tone they adopt?
Family ownership is the dominant business model in the world, and contributes a significant majority to Canada's GDP. Why doesn't family enterprise governance get more attention?
Guest: Michael Campbell, Host of MoneyTalks on the Corus Radio Network.
Today on The Leaders' Brief - Google's $10 billion investment plan in India likely to boost digital infrastructure and aid the growth of smaller firms by giving them access to better technology. African Development Bank-funded Technologies for African Agricultural Transformation program sets the target to add 120 million metric tons of additional food, valued between $1.5 billion to $2.8 billion. Offset Market Exchange (OMX), a Toronto-based firm, estimates that the full impact of the F-35 program could add $16.9 billion to Canada's GDP as Lockheed Martin readies pitch. About egomonk: Website | Facebook | Twitter | LinkedInegomonk is a global intelligence platform delivering asymmetric outcomes by bringing organizations closer to the communities they want to serve and the leaders they wish to influence. If you wish to collaborate with us then email us at contact@egomonk.com.
Canada's GDP per capita is estimated to be held back by roughly 4% due to interprovincial trade barriers. Canada has agreements with dozens of countries but within our own borders, trade is stifled. We discuss why this is and how we can remedy the issue.
The end of NAFTA would shave 0.55% off Canada's GDP, push 25,000-50,000 Canadians from the workforce, and reduce exports by 2.8%. Are you worried. Rob is joined by Dan Ciurack, the former head of computer modeling for Canada's foreign-affairs ministry.