Podcasts about tiff macklem

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Best podcasts about tiff macklem

Latest podcast episodes about tiff macklem

The Big Story
Interest rates weren't cut this week. Why? It's complicated.

The Big Story

Play Episode Listen Later Jun 6, 2025 26:47


Interest rates weren't cut this week. Why? Well, it's complicated. The Bank of Canada didn't give borrowers a break when it set policy on Wednesday, as Tiff Macklem cited the need to wait for more data points. The word "uncertainty" is being thrown around, although ironically, the economy was actually stronger in the first quarter than forecast. Host Mike Eppel speaks to experts about the lack of a cut and what that means for the market, home buyers and home owners. Guests: Claire Fan, Senior Economist, Royal Bank of Canada Phil Soper, President Royal LePage We love feedback at The Big Story, as well as suggestions for future episodes. You can find us: Through email at hello@thebigstorypodcast.ca  Or @thebigstoryfpn on Twitter

In This Economy?!
Interest rates weren't cut this week. Why? It's complicated.

In This Economy?!

Play Episode Listen Later Jun 6, 2025 26:47


Interest rates weren't cut this week. Why? Well, it's complicated. The Bank of Canada didn't give borrowers a break when it set policy on Wednesday, as Tiff Macklem cited the need to wait for more data points. The word "uncertainty" is being thrown around, although ironically, the economy was actually stronger in the first quarter than forecast. Host Mike Eppel speaks to experts about the lack of a cut and what that means for the market, home buyers and home owners.Guests: Claire Fan, Senior Economist, Royal Bank of Canada Phil Soper, President Royal LePage Do you have a topic that's confounding you in this economy? We'll be happy to dig into it for you and get you the answers you need. Email us at: rogerspodcastnetwork@rci.rogers.com. Thank you for listening!

The Elev8 Podcast
#380 - Bank of Canada Governor SOUNDS ALARM on DISASTROUS Gov't Policy. “There Will be NO Bounce Back.”

The Elev8 Podcast

Play Episode Listen Later Feb 25, 2025 14:21


Tiff Macklem of the Bank of Canada sounds the alarm on the economic reality that Canada could be facing and have little mechanisms to counter it. We also juxtapose this news with what we've been inundated with recently and discuss what is really top of mind for people.Send a one-time contribution to the show - https://www.paypal.com/donate/?hosted_button_id=XARF5X38AMZULListen to our Podcast on the go: https://podcasters.spotify.com/pod/show/elev8podcastTikTok: https://www.tiktok.com/@elev8podcast X: https://twitter.com/TheElev8Podcast0:00 - Intro1:14 - The CBC Slant on Ruby Dhalla8:45 - Tiff Macklem Sounds the Alarm

The Canadian Investor
BoC Cuts Rates Amid Tariff Uncertainty and Big Tech Reacts to DeepSeek

The Canadian Investor

Play Episode Listen Later Feb 3, 2025 62:22


In this episode, we discuss the recent cut of 25bps by the Bank of Canada, bringing the overnight rate to 3%. We break down the key takeaways from Tiff Macklem’s press conference, the uncertainty surrounding tariffs, and why QE could be back on the table if government spending ramps up. We also break down big tech earnings from Meta, Microsoft, and Apple, analyzing what’s driving their growth and how their AI investment strategies are evolving now that they’ve had nearly two weeks to assess DeepSeek’s newly released LLM. Finally, we discuss the latest results from CP and CN Rail, why Dan sold his CN shares for CP, and what the numbers reveal about the broader economy. Tickers of Stocks/ETFs discussed: CNR.TO, CP.TO, MSFT, AAPL, META Check out our portfolio by going to Jointci.com Our Website Canadian Investor Podcast Network Twitter: @cdn_investing Simon’s twitter: @Fiat_Iceberg Braden’s twitter: @BradoCapital Dan’s Twitter: @stocktrades_ca Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast! Apple Podcast - The Canadian Real Estate Investor Spotify - The Canadian Real Estate Investor Web player - The Canadian Real Estate Investor Asset Allocation ETFs | BMO Global Asset Management Sign up for Finchat.io for free to get easy access to global stock coverage and powerful AI investing tools. Register for EQ Bank, the seamless digital banking experience with better rates and no nonsense.See omnystudio.com/listener for privacy information.

X22 Report
Focus On Loudest Voice In DC, Big Pharma Panic, Trump Testing The Water, Big Move – Ep. 3559

X22 Report

Play Episode Listen Later Jan 30, 2025 90:08


Watch The X22 Report On Video No videos found Click On Picture To See Larger Picture The new transporation secretary is now reversing Biden policies in regards to EVs. Stephen Miller explains why getting rid of the illegals will not hurt the economy. Did China try to bring the market down? Trump is offering federal workers a buy out, drain the swamp. Fed pushing narrative that Trump will intervene, boomerang. The [DS] is panicking over everything that Trump is doing, he is cutting programs, firing people and draining the swamp. Lawsuits against what he is doing will fail. RFK jr confirmation hearing was full of corrupt Senators who are in the pocket of big pharma. Those who screamed the loudest have the most to lose. Follow the money. Big Pharma is now panicking. Trump is testing the waters to see how the [DS] reacts, Gitmo being prepared for illegals.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/ThomasCatenacci/status/1884427380665569688 https://twitter.com/ultrapepemqtter/status/1884470858040619283 TAKE A LISTEN BREAKING: Biden-Appointed Judge Blocks Trump Federal Spending Freeze  A judge temporarily blocked Trump's order to freeze federal funding on public loans and grants. Judge Loren AliKhan, a Biden appointee, granted a temporary stay on Trump's plan to freeze federal funding. On Monday, Trump's Office of Management and Budget (OMB) put a temporary pause of agency grant, loan and other financial assistance programs. This temporary pause will provide the Administration time to review agency programsand determine the best uses of the funding for those programs consistent with the law and thePresident's priorities. The temporary pause will become effective on January 28, 2025, at 5:00PM. Even before completing their comprehensive analysis, Federal agencies must immediatelyidentify any legally mandated actions or deadlines for assistance programs arising while thepause remains in effect. Federal agencies must report this information to OMB along with ananalysis of the requirement. OMB also directs Federal agencies to pause all activities associated with open NOFOs, such as conducting merit review panels,” the OMB added.   NBC News reported:   Source: thegatewaypundit.com https://twitter.com/BehizyTweets/status/1884376272932876295 https://twitter.com/KobeissiLetter/status/1884412236459806811 Bank of Canada cuts interest rate by 25 basis points to 3% Bank of Canada governor Tiff Macklem and senior deputy governor Carolyn Rogers give a statement and answer questions after the bank cut the key interest rate by 25 basis points to three per cent. The Bank of Canada lowered its interest rate by 25 basis points to three per cent on Wednesday, the sixth consecutive reduction since June. Source: cbc.ca    The Federal Reserve may try something new: Pausing Source: msnc.com Fed expected to hold rates steady at FOMC meeting even as Trump dials up pressure The US president is threatening to impose tariffs on Mexico, Canada, and China as early as this Saturday, a stance that some economists predict will put upward pressure on inflation at a time when the central bank is trying to ensure that issue is finally under control. What makes things more complicated is that Trump is making it clear he wants policymakers to cut rates further. He hinted last week at a coming clash with Powell on that subject, saying he wants rates to come down "a lot" and that he expects to talk directly with the Fed chair "at the right time." Source: yahoo.com

The Flow: Real Estate and Money Show
The Last Big Bank of Canada Rate Drop? -E65

The Flow: Real Estate and Money Show

Play Episode Listen Later Dec 17, 2024 19:13


On December 11, 2024, Tiff Macklem and the Bank of Canada (BOC) cut interest rates by half a percent, bringing the overnight rate to 3.25%. This change has significant implications for variable rate mortgages and lines of credit, while fixed rates remain influenced by bond yields. Banks are also adjusting discounts on variable rates due to increased demand. Furthermore, new mortgage rules introduced 30-year amortizations for insured loans and first-time buyers with less than 20% down. Economist Derek Holt from Scotiabank calls it a hawkishly large cut, sparking discussions about future rate trends and potential impacts from international factors like U.S. tariffs. The episode also covers how these changes may affect the Canadian real estate market, with projections indicating a possible early spring market favoring sellers and increased property transactions. Alex McFadyen is a seasoned independent mortgage broker with over 11 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co. Alex's Social Media: @themortgagepug ********** Ready to take the plunge into homeownership? Don't miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show! https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.

ON Point with Alex Pierson
Blacklock's Check-In: Tiff Macklem Dismissing Worries Over Falling Value of the Canadian Dollar

ON Point with Alex Pierson

Play Episode Listen Later Oct 31, 2024 9:55


Host Alex Pierson speaks with Tom Korski, the Managing Editor of Blacklock's Reporter about Canadians in Privy Council focus groups do not believe claims by the Environment Minister Steven Guilbeault that they pay less in carbon tax than they receive in cheques, Bank Of Canada Tiff Macklem last night dismissed worries over the falling value of the Canadian dollar, the Budget Office for the second time in three months has calculated figures showing cabinet inflated claims of military spending. All this and more! GUEST: Tom Korski - Managing Editor of Blacklock's Reporter X(formerly Twitter): @mindingottawa Learn more about your ad choices. Visit megaphone.fm/adchoices

Montreal Now with Aaron Rand & Natasha Hall
The jumbo interest rate cut is a welcome relief in the real estate industry!

Montreal Now with Aaron Rand & Natasha Hall

Play Episode Listen Later Oct 23, 2024 7:39


LJ Aguinaga, Certified Residential and Commercial Real Estate Broker and founder of LJ Realties, joined Dan Delmar to talk about the Bank of Canada's interest rate cut. You can listen to LJ on CJAD800 Sundays at noon on Under One Roof.

ON Point with Alex Pierson
Blacklock's Check-In: ''Will Always Be New Shocks,'' Tiff Macklem in terms of interest rate announcement

ON Point with Alex Pierson

Play Episode Listen Later Sep 5, 2024 8:40


Alex Pierson speaks with Tom Korski, the Managing Editor of Blacklock's Reporter about Bank of Canada Govenor Tiff Macklem yesterday said Canada's economic future is uncertain and warned there ''will always be new shocks'', the Privy Council Office plans a nationwide video conference this fall ''to reaffirm values and ethics'' for federal employees. All this and more! GUEST: Tom Korski - Managing Editor of Blacklock's Reporter X(formerly Twitter): @mindingottawa Learn more about your ad choices. Visit megaphone.fm/adchoices

Les chroniques de Pierre-Yves McSween
La Banque du Canada abaissera-t-elle, encore une fois, son taux directeur le 4 septembre prochain?

Les chroniques de Pierre-Yves McSween

Play Episode Listen Later Aug 30, 2024 7:06


Écoutez la chronique financière de Clémence Pavic, journaliste au Devoir, à l'émission Lagacé le matin. La plupart des économistes s'attendent effectivement à ce que le gouverneur Tiff Macklem annonce une réduction d'au moins 0,25 point, ce qui porterait le taux à 4,25%. Le guide Michelin arrivera au Québec au printemps prochain, avec des inspecteurs déjà sur place.Voir https://www.cogecomedia.com/vie-privee pour notre politique de vie privée

Niigaan and the Lone Ranger
Tiff Macklem signs money, he doesn't print it

Niigaan and the Lone Ranger

Play Episode Listen Later Jun 28, 2024 57:34


Bank of Canada Governor Tiff Macklem talks inflation, the difficulties of predicting a depression and what it's like to see his signature on Canadian bank notes.

Scott Thompson Show
Rev up your engines and watch for that checkered flag! Racing season is on with Treyten Lapcevich!

Scott Thompson Show

Play Episode Listen Later Jun 25, 2024 78:17


The Hamilton Today Podcast with Scott Thompson: Bank of Canada governor Tiff Macklem is sounding the alarm on Canada's productivity problem and urging policymakers to dig into why the country struggles with low business investment. Racin' in the rain: we look at this past weekend in motor sports! McMaster University's nuclear reactor has been given an unprecedented lease on its life, ensuring its ability to continue supplying the global market with life-saving medical isotopes. The Ford government's decision to shutter the Ontario Science Centre in Toronto's Don Mills area with no warning Friday is drawing outrage from critics and members of the local community. Millennials and Gen Z don't want the Trudeau government's plans for regulating the internet, according to a new poll from Leger, conducted on behalf of Postmedia. We take a look at the Oilers and their surprising season as we get ready for tonight's game. The federal government is taking stepstoward making Chinese electric vehicle imports more expensive in Canada by announcing a 30-day consultation period to examine Beijing's trade practices in the EV sector. We talk racing with Treyten Lapcevich. Guests: Colin Mang, assistant professor of Economics, at McMaster University Todd Lewis, host of Rec Culture TV, NASCAR announcer, ft. in Scouting The Refs & Racin' It Out podcasts David Novog, a professor in the Department of Engineering Physics and UNENE Research Chair Colin D'Mello, Queen's Park Bureau Chief, Global News Carmi Levy, Technology Analyst & Journalist Jim Lang, Morning Man for 105.9 The Region; Hockey writer, co-author of the books 'Bleeding Blue' with Wendel Clark, 'Shift Work' with Tie Domi and 'Everyday Hockey Heroes' with Bob Mackenzie Gordon Houlden, Director Emeritus of the China Institute and Professor of Political Science with the University of Alberta Treyten Lapcevich, Canadian professional stock car racing driver, 2023 NASCAR Pinty's Series champion Scott Radley, Host of The Scott Radley Show and Columnist with The Hamilton Spectator Host – Scott Thompson Content Producer – William Erskine Technical/Podcast Producer – Tom Craig Podcast Co-Producer – Ben Straughan News Anchor – Dave Woodard Want to keep up with what happened in Hamilton Today? Subscribe to the podcast! https://megaphone.link/CORU8835115919 Learn more about your ad choices. Visit megaphone.fm/adchoices

Scott and Kat After 9
Listener DM's and Marriage Advice from Scott

Scott and Kat After 9

Play Episode Listen Later Jun 13, 2024 47:34


The first half of today's After 9 episode is all listener DM's and a word of marriage advice from Scott. We also discuss Hulk Hogan's new beer, A grade 8 science project that blew us away, Tiff Macklem doesn't understand regular families, and more. Learn more about your ad choices. Visit megaphone.fm/adchoices

TLDR
The Big Rate Cut Question

TLDR

Play Episode Listen Later Jun 11, 2024 25:50


Last week, the Bank of Canada finally gave investors a bit of relief… in the form of a .25% interest rate cut. On this week's TLDR, what this minuscule cut means for investors, savers and anyone trying to make sense of the global economy. And, how a memestocker sent GameStop soaring — and, for a brief moment, looked like he was possibly on course to become a billionaire. Plus, how Abercrombie & Fitch rebranded — and became one of the best performing stocks on the market.This episode was hosted by Devin Friedman, business reporter Sarah Rieger, financial educator Kyla Scanlon and former hedgefunder Matthew Karasz. Follow us on other platforms, or subscribe to our weekly newsletter: linkin.bio/tldrThe TLDR Podcast is offered by Wealthsimple Media Inc. and is for informational purposes only. The content in the TLDR Podcast is not investment advice, a recommendation to buy or sell assets or securities, and does not represent the views of Wealthsimple Financial Corp or any of its other subsidiaries or affiliates. Wealthsimple Media Inc. does not endorse any third-party views referenced in this content. More information at wealthsimple.com/tldr.

Front Burner
Life's tough. Will the interest rate cut help?

Front Burner

Play Episode Listen Later Jun 7, 2024 27:13


An interest rate cut of a quarter of a percent might not sound like much. But as the first cut in four years following the COVID-19 pandemic and all the economic upheaval that followed, it's a big deal. And it could be the first of several in the months ahead.But what does that mean for you? How does that affect your ability to afford things like a mortgage, a car, groceries, or growing your business? And after a rocky couple of years, do people even have faith in the Bank of Canada's ability to keep things under control anymore?CBC senior business correspondent Peter Armstrong breaks it all down, including insights from an exclusive interview with BoC governor Tiff Macklem.Help us make Front Burner even better by filling out this audience survey.

The Tom Storey Show, with Steve & Tom

***Start Your Realty Ninja Real Estate Website*** Free Trial and 20% Off your first year: https://www.realtyninja.com/tom - - - It's interest rate announcement time again and this week, Tiff Macklem and the Bank of Canada will choose to hold or lower the over night rate. In this week's episode of The Tom Storey Show, Steve Karrasch and Tom Storey speak with the hosts of The Canadian Real Estate Homefront Podcast Brooke Hicks and Cortez Ranieri to discuss all things Canadian Real Estate Connect with Brooke and Cortez: Instagram & Tik Tok @canadianrealestatehomefront @cortezranieri @brookekhicks  Youtube  @canadianrealestatehomefront  - - - *** Ontario Agents! Get Your Custom Branded TRESA Explainer Video TODAY! *** Order Here: https://tresavideo.ca/ *** Need Home or Property Insurance? *** Use SQUARE ONE: Tenants, Landlords and Home Owners Save $20 with Square One Insurance using this link: https://www.squareone.ca/thetomstoreyshow?offer_code=TTSS

Le retour de Mario Dumont
Airbus : «Réjouissons-nous!», dit Francis Gosselin

Le retour de Mario Dumont

Play Episode Listen Later May 2, 2024 8:31


Airbus a gain de cause dans le bras de fer qui l'oppose au syndicat. Tiff Macklem prépare le terrain pour une possible divergence entre les politiques canadiennes et américaines sur les taux. La FTC approuve la fusion entre ExxonMobil et Pioneer.  Discussion économique avec Francis Gosselin, économiste.Pour de l'information concernant l'utilisation de vos données personnelles - https://omnystudio.com/policies/listener/fr

The Vassy Kapelos Show
Carbon capture plan faces doubts after $2.4-billion project cancelled

The Vassy Kapelos Show

Play Episode Listen Later May 2, 2024 78:11


Michael Bernstein - Executive Director, Clean Prosperity joins guest host Robin Gill to break down where the backlash against the $2.4-billion project stems from. On todays show:  Mostafa Askari, Chief Economist, Institute of Fiscal Studies and Democracy joins guest host Robin Gill to discuss BoC governor Tiff Macklem saying he doesn't think federal budget will have much of an impact on inflation. Dan Riskin, CTV Science and Technology Specialist with his weekly segment 'Talk Science To Me'  The Daily Debrief Panel with Robert Benzie, Marieke Walsh, and Laura Stone.  Matt Grillo, Journalist at CTV Montreal joins guest host Robin Gill with the latest on the protests at McGill university. Benjamin Davis, Senior Vice President at MS Canada joins to discuss how reforms are needed for Canada's disability policy. 

TLDR
How Monster Won the Stock Market

TLDR

Play Episode Listen Later Apr 23, 2024 24:17


One of the best performing stocks of the past 25 years probably isn't one you'd expect. On this week's TLDR, a deep dive into Monster, the energy drink company delivering caffeinated returns. Plus, a look at Amazon's distribution network and the disgruntled drivers who power it. And, why the Fed's not cutting rates any time soon and what it might mean for investors.This episode was hosted by Devin Friedman, business reporter Sarah Rieger, financial educator Kyla Scanlon and VP of Product Swap Parikh. Follow us on other platforms, or subscribe to our weekly newsletter: linkin.bio/tldrThe TLDR Podcast is offered by Wealthsimple Media Inc. and is for informational purposes only. The content in the TLDR Podcast is not investment advice, a recommendation to buy or sell assets or securities, and does not represent the views of Wealthsimple Financial Corp or any of its other subsidiaries or affiliates. Wealthsimple Media Inc. does not endorse any third-party views referenced in this content. More information at wealthsimple.com/tldr.

FidelityConnects
April 2024 Bank of Canada reaction – Don Drummond, Economist

FidelityConnects

Play Episode Listen Later Apr 15, 2024 29:35


The Bank of Canada held the key interest rate at 5% in the April 10th announcement. Inflation is slowing and Tiff Macklem, Governor of the BOC tipped that a June rate cut may be “within the realm of possibilities”. Joining host Pamela Ritchie for a special interview today to is Don Drummond, former TD Bank Chief Economist, who will breaks down what this latest Bank of Canada decision means for inflation, industry trends and financial markets. Recorded on April 11, 2024.   At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information. For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics' Advisor Digital Experience Study.

TLDR
How to Fix Inflation

TLDR

Play Episode Listen Later Mar 26, 2024 23:21


This week on TLDR: What do central bankers actually do? We find out what it takes to make the economy not too hot, not too cold, but just right. Plus, we take a trip to AI Woodstock (aka the Nvidia product launch) and find out what Jensen Huang and Justin Timberlake may have in common. Also, why some realtors may be out of a job soon, and why crypto is the ransom of choice.This episode was hosted by Devin Friedman, business reporter Sarah Rieger, financial educator Kyla Scanlon and former hedge funder Matthew Karasz. Follow us on other platforms, or subscribe to our weekly newsletter: linkin.bio/tldrThe TLDR Podcast is offered by Wealthsimple Media Inc. and is for informational purposes only. The content in the TLDR Podcast is not investment advice, a recommendation to buy or sell assets or securities, and does not represent the views of Wealthsimple Financial Corp or any of its other subsidiaries or affiliates. Wealthsimple Media Inc. does not endorse any third-party views referenced in this content.  More information at wealthsimple.com/tldr.

The Loonie Hour
No Rate Cuts from The Bank of Canada this Year?

The Loonie Hour

Play Episode Listen Later Mar 1, 2024 63:53


Tiff Macklem is on deck next week. Bitcoin hits record highs in Canadian dollars. Financial conditions are easing, pushing US equities and inflation higher. Canadian banks report earnings, the mortgage renewal wall is still a very big problem. GDP per capita declines for the sixth straight quarter.  Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/find-an-etf/?ecid=dw-LHPODNovGAM1-ADBMO26See omnystudio.com/listener for privacy information.

InfoBref actualité et affaires
Nouvelle action en justice contre le projet Northvolt

InfoBref actualité et affaires

Play Episode Listen Later Jan 25, 2024 6:04


Découvrez l'offre gratuite d'hébergement web World Lite de PlanetHoster, Grand partenaire d'InfoBref: https://www.planethoster.com/fr/World-Lite/goph-b9a9a547fb49307 ---25 janvier 2024 Nouvelle action en justice contre le projet NorthvoltAprès la demande d'injonction du Centre québécois du droit de l'environnement, c'est au tour du Conseil mohawk de Kahnawake de saisir la justice: il poursuit les gouvernements provincial et fédéral devant la Cour supérieure du Québec.Élections Québec a annoncé la liste des villes qui, dans le cadre d'un projet pilote, auront la possibilité de voter en ligne lors des prochaines élections municipales en 2025Cette option sera offerte aux électeurs de certains districts ou arrondissements de 21 villes participantes. Élections Québec estime qu'environ 300 000 électeurs pourront ainsi essayer le vote par Internet. Vous pouvez voir la listes de 21 villes choisies à https://infobref.com/vote-internet-municipales-2024-01/Selon le Globe and Mail, 5 joueurs de l'équipe canadienne de hockey junior de 2018 doivent se présenter à la police de London, en Ontario. parce qu'ils feraient face à des accusations d'agression sexuelle liées à un viol collectif présumé survenu en 2018.Un avion militaire russe s'est écrasé en Russie près de la frontière ukrainiennePour la quatrième fois consécutive, la Banque du Canada laisse son taux directeur inchangé à 5%Le gouverneur de la Banque, Tiff Macklem, a expliqué que l'inflation est «encore trop forte» et qu'il faut laisser le taux à un niveau élevé le temps d'en voir l'effet.Il a cependant souligné que la demande globale de produits et services ne dépasse plus l'offre. Selon lui, la question n'est plus de savoir si le taux directeur actuel est suffisamment restrictif pour ralentir l'activité économique; mais plutôt combien de temps il faudra le maintenir au même niveau de 5%.La Caisse de dépôt et placement du Québec annonce une importante réorganisationAu cours des 18 à 24 prochains mois, elle intégrera les activités de ses filiales immobilières Ivanhoé Cambridge et Otéra Capital.Le Port de Sept-Îles devient le deuxième plus important port du CanadaChaque commerce s'est fait voler l'an dernier, en moyenne, pour 50 000 $ de marchandiseDes scientifiques ont réussi le premier transfert d'embryon de rhinocéros. --- Détails sur ces nouvelles et autres nouvelles: https://infobref.com S'abonner aux infolettres gratuites d'InfoBref: https://infobref.com/infolettres Voir comment s'abonner au balado InfoBref sur les principales plateformes de balado: https://infobref.com/audio Commentaires et suggestions à l'animateur Patrick Pierra, et information sur la commandite de ce balado: editeur@infobref.com Hébergé par Acast. Visitez acast.com/privacy pour plus d'informations.

The Vancouver Life Real Estate Podcast
2023 Housing Market Predictions Recap. Were We Right Or Wrong?

The Vancouver Life Real Estate Podcast

Play Episode Listen Later Dec 30, 2023 46:06


In our latest episode, we ventured back in time to the start of 2023 to review the predications we made about how Real Estate in 2023 would unfold. Beginning with Marco economic drivers, global trends and then backing down into the local economic real estate market. We made bold predictions and share insights on various economic fronts some with great accuracy and others... without!For example, Covid was a huge topic at the start of 2023 and Ryan's foresight was intriguing, especially his anticipation of a second supply chain shutdown linked to another virus surge - However, the unfolding reality proved he couldn't have been more wrong but as he alludes to in the episode, he was also very happy about being wrong on this one! On a different note, Dan's accurate prediction of a world without more lockdowns demonstrated a more accurate understanding of the evolving situation.The war in Ukraine emerged as a focal point and while Ryan envisioned a time where the world could have come to Canada for it's vast amounts of energy resources. Unfortunately, governmental restrictions, moral high grounds and not a enough infrastructure built emerged as the limiting factors, overshadowing the potential he foresaw for a potential resource boom.Navigating the realm of quantitative easing and tightening, Dan's foresight proved accurate as he predicted a Quantitative Tightening (QT) scenario for the remainder of the year, resulting in a drop in Canada's money supply. We discussed the potential of a recession which brought mixed results from both of us. Dan's technical stance against a recession held true, although per capita data revealed a rise in unemployment. Conversely, Ryan prediction of a minor recession aligned with the actual outcome, including his predictions on GDP, inflation and wage growth fell ended up for more accurate than he anticipated.Immigration took center stage, surpassing the expectations outlined by both Dan and myself. The repercussions on rental numbers unfolded as predicted although neither of us saw rents rising by 8% on average before the end of the year. Turning our attention to the job market predictions framed a 5.2% unemployment rate, Dan's foresight on wage growth and unemployment rates proved remarkably close to reality. Ryan's slightly higher unemployment forecast may yet find equilibrium in future data but not by the end of this year!We looked closely at Inflation which was running at 6.8% during the initial predictions recording and mortgage rates saw a deviation from both of our forecasts, indicating the unpredictable nature of financial institutions and proving that no one can anticipate Tiff Macklem's strategy or the kinds of information the BoC will deem important at any given time. Stock market movements are currently near all-time highs as, which when you consider the quantitative tightening that took place over the last year, we're not sure anyone could have guessed the S&P 500 to experience a surge of this magnitude. From there we got into Vancouver Real Estate price prediction, immigration levels, federal, provincial and municipal policy changes and lastly which markets out performed the GVRD in 2023!Definitely tune into this entertaining episode and have a laugh with us as we found out where we went wrong but also what we got right as we hold ourselves (at times) embarrassingly accountable to our 2023 predictions. _________________________________ Contact Us To Book Your Private Consultation:

Taking Stock with Amanda Lang
In Conversation with Tiff Macklem, Governor of the Bank of Canada

Taking Stock with Amanda Lang

Play Episode Listen Later Dec 20, 2023 23:34


Amanda Lang in conversation with Tiff Macklem, governor of the Bank of Canada.

Roy Green Show
Dec 16: Prof Eric Kam. Interest rate and inflation down in '24?

Roy Green Show

Play Episode Listen Later Dec 16, 2023 17:26


Bank of Canada governor Tiff Macklem yesterday said inflation may be getting close to the bank's target of 2% by the end of next year, and while not making a commitment did say as well the BOC is increasingly confident interest rates will not have to be moved higher in order to get prices back under control. The Canadian economy shuddered in 2023 with the Bank of Canada repeatedly raising interest rates and inflation climbing so significantly a many Canadians told pollsters they are "tapped out" and 40% lose sleep each night worrying about their personal financial reality, Canadian homeowners in large numbers have concerns they will not be able to afford their homes as mortgage rates climb. Canadians are living with $2.4 trillion debt according to Equifax as 2023 comes to a close. Are we headed into a 2024 recession? Are we experiencing a recession now (even if its not technical)? Is the BOC's Governor's prognosis real or pie in the proverbial sky? Guest: Professor Eric Kam. Macroecnomist. Toronto Metropolitan University. Learn more about your ad choices. Visit megaphone.fm/adchoices

Roy Green Show
Roy Green Show Podcast, Dec 16: SK premier Scott Moe. Battle with Trudeau gov continues. – Prof Eric Kam. Interest rate and inflation down in '24? – Israel Amb. Iddo Noed. Israel war with Hamas. – Adm. Mark Norman. under equipped CAF a danger to Ca

Roy Green Show

Play Episode Listen Later Dec 16, 2023 60:39


Today's podcast: A strained relationship between the province of Saskatchewan and the federal government continued to become increasingly challenged in 2023, resulting in the province passing the Saskatchewan First Act, designed to protect the province from constitutional overreach by the federal government. Saskatchewan premier Scott Moe told us repeatedly the Trudeau government was engaged in attacks on the province over Ottawa's energy policy which was endangering national unity. - Has the situation eased at all, or should we expect ever more acrimony in 2024? Guest: Scott Moe. Premier. Saskatchewan. Bank of Canada governor Tiff Macklem yesterday said inflation may be getting close to the bank's target of 2% by the end of next year, and while not making a commitment did say as well the BOC is increasingly confident interest rates will not have to be moved higher in order to get prices back under control. The Canadian economy shuddered in 2023 with the Bank of Canada repeatedly raising interest rates and inflation climbing so significantly a many Canadians told pollsters they are "tapped out" and 40% lose sleep each night worrying about their personal financial reality, Canadian homeowners in large numbers have concerns they will not be able to afford their homes as mortgage rates climb. Canadians are living with $2.4 trillion debt according to Equifax as 2023 comes to a close. Are we headed into a 2024 recession? Are we experiencing a recession now (even if its not technical)? Is the BOC's Governor's prognosis real or pie in the proverbial sky? Guest: Professor Eric Kam. Macroecnomist. Toronto Metropolitan University. As Israel, in response to the October 7 Hamas murder, rape and kidnapping assault inside its borders continues its war on Hamas and faces an increasingly hostile international response with calls supporting Genocide of Jews and annihiliation of Israel, Canada voted this week in support of a U.N. resolution calling for a humanitarian ceasefire. A motion which did not mention Hamas, a designated by Canada terrorist organization by name. Nevertheless, does Israel have concern it is, by the nature of its military assault on Gaza in pursuit of Hamas' leaders, becoming increasingly isolated internationally and compromising positive engagement with governments in the region developed over decades? Israel's Ambassador to Canada declared the Trudeau government's support of the U.N. motion to be "naive." Guest: Iddo Moed. Israel's Ambassador to Canada. Canadian armed forces (CAF) lack of world class war-fighting equipment in this increasingly unstable world significantly alarms one of Canada's most decorated and respected military leaders. (CAF members forced to purchase off the shelf personal gear).. In March of this year our guest delivered a major speech at the annual Conference of Defence Associations Institute in Ottawa to which he provided me exclusive access and during which he warned "we are not taking defence and secuirity seriously in this country and our way of life is jeopardy as a result." Guest: Vice Admiral Mark Norman (ret'd). Former Commander, Royal Canadian Navy and Vice Chief of the Defence Staff. --------------------------------------------- Host/Content Producer – Roy Green Technical/Podcast Producer – Tom McKay Podcast Co-Producer – Matt Taylor If you enjoyed the podcast, tell a friend! For more of the Roy Green Show, subscribe to the podcast! https://globalnews.ca/roygreen/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Canadian Club of Toronto
Tiff Macklem

Canadian Club of Toronto

Play Episode Listen Later Dec 15, 2023 48:32


Tiff Macklem, Governor of the Bank of Canada

The Loonie Hour
Without Nuclear Canada's Energy Transition is Doomed, w/ guest Dr. Chris Keefer

The Loonie Hour

Play Episode Listen Later Nov 24, 2023 76:42


We interview the president of Canadians for Nuclear energy Dr. Chris Keefer to discuss nuclear energy and why the current government has suddenly taken  a u-turn on nuclear energy policy. We then discuss the Federal budget update, housing funds and the AirBnb changes coming. CPI in Canada falls back to within the BoC's target, and comments from Tiff Macklem.  Check out Canadians for Nuclear Energy: https://www.canfornuclearenergy.org/ Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/etf-centre/?ecid=dw-LHPODNovGAM1-ADBMO26 The Loonie Hour is live in Toronto on November 30th! Join us for drinks, appetizers, a live podcast, and Q&A session! Tickets for the live event in Toronto: https://www.eventbrite.com/e/the-loonie-hour-live-in-toronto-tickets-742892650917?aff=oddtdtcreator Please answer the Loonie Hour Survey and let us know more about you guys! This will help us create better content that'll resonate with you!https://www.surveymonkey.com/r/TheLoonieHourSee omnystudio.com/listener for privacy information.

The Blueprint: Canada’s Conservative Podcast

“For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” Bank of Canada Governor, Tiff Macklem, recently spoke to members of Finance Committee, only to finally admit what Conservatives have been saying for quite some time: Justin Trudeau's […]

Ian & Frank
INFLATION : la Banque du Canada confirme la faute de TRUDEAU !

Ian & Frank

Play Episode Listen Later Nov 2, 2023 41:19


La Victime du Jour : Via un article du The Guardian, des militants LGBTBBQW40 du Michigan se sentent trahis après avoir soutenu l'élection de plusieurs conseillers municipaux d'origine musulmane, qui ont récemment interdit l'utilisation du drapeau LGBT dans leur ville. Ian pense avoir trouvé la punition de Joey après l'avoir trop fait écouter François Legault dans la partie Patreon de l'épisode précédent. Ensuite, nous écoutons un segment de Gérald Fillion à Radio-Canada où son panel se retourne contre le maire Marchand. Tiff Macklem, le gouverneur de la Banque du Canada, a confirmé la "Justinflation" dont Pierre Poilievre parle depuis des mois. Il a annoncé que les dépenses gouvernementales ont largement contribué à l'inflation actuelle. Nous écoutons également un succès mémorable de Poilievre. Le député libéral Joël Lightbound fait un coup de théâtre contre Trudeau en se levant en chambre pour promouvoir le Bitcoin, une critique de longue date de son parti à l'encontre de Pierre Poilievre. Josée Legault, notre chroniqueuse préférée, nous offre une analyse psychologique du premier ministre François Legault dans sa dernière chronique pour le Journal de Québec/Journal de Montréal. Dans LA PARTIE PATREON, Frank commence par nous lire la dernière chronique de Joseph Facal, qui critique vivement la gauche "woke" canadienne. Ensuite, nous explorons un article du magasine Intelligencer qui explique comment le confinement pandémique était une gigantesque expérience psychologique. Enfin, le député de Québec Solidaire, Haroun Bouazzi, est ému aux larmes lors d'une conférence de presse parce que l'Assemblée nationale a refusé de demander un cessez-le-feu au nom du Québec. Ian dresse une liste des conflits armés actuels dont personne ne parle et qui ne suscitent aucune sympathie politique. Le livre de FRANK ici : ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.amazon.ca/-/fr/Frank-Fournier/dp/B0BW2H65G5/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1677072629&sr=8-1⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ La Boutique du Podcast : ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ian senechal.myspreadshop.ca/all?lang=fr⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ian & Frank : ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://open.spotify.com/show/6FX9rKclX7qdlegxVFhO3B?si=afe46619f7034884 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Le Trio Économique : ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://open.spotify.com/show/0NsJzBXa8bNv73swrIAKby?si=85446e698c744124⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Le Dédômiseur : ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://open.spotify.com/show/0fWNcURLK6TkBuYUXJC63T?si=6578eeedb24545c2 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ian Sénéchal ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon.com/isenechal⁠⁠⁠ --- Send in a voice message: https://podcasters.spotify.com/pod/show/ian-snchal/message

InfoBref actualité et affaires
Construire en bois, ce serait plus vert

InfoBref actualité et affaires

Play Episode Listen Later Nov 1, 2023 6:20


Découvrez tous les services d'hébergement, courriel et stockage de PlanetHoster, Grand partenaire d'InfoBref, à www.planethoster.com1er novembre 2023 Une frappe israélienne aurait fait plus de 50 morts dans un camp de réfugiésAu Québec, les villes attendent une réponse du gouvernement Legault sur le financement du transport collectifPlus de 15 000 élèves montréalais sont privés de transport scolaireLes commerces spécialisés dans les produits de vapotage ne peuvent plus vendre de saveur ni d'arôme autres que celui du tabac, ni de produits qui ont la forme d'un jouet, d'un personnage ou toute autre forme attrayante pour les jeunes.Québec limite les rabais de tarif d'électricité réservés à la grande industrieSelon des données préliminaires de Statistique Canada, l'économie canadienne s'est contractée, en rythme annualisé, de 0,1% au troisième trimestre.Cette légère contraction suit celle, aussi en rythme annualisé, de 0,2% enregistrée au deuxième trimestre.Si le résultat du troisième trimestre est confirmé, l'économie canadienne sera officiellement entrée en récession. Le gouverneur de la Banque du Canada, Tiff Macklem, a dit à un comité de la Chambre des communes que la banque centrale pourrait commencer à réduire son taux directeur avant que l'inflation soit revenue à 2%, ce qui est l'objectif de la banque, à condition cependant que l'inflation se dirige «clairement» vers ce taux cible.En septembre, le taux annuel d'inflation au Canada était encore de 3,8%.Canadian Tire redevient seul propriétaire de ses services financiers Le détaillant paie presque 900 millions $ à la Banque Scotia pour lui racheter la part de 20% que détenait la banque dans la division des services financiers de Canadian Tire.Selon un rapport de la banque RBC, choisir le bois d'œuvre comme matériau principal plutôt que l'acier et le béton permettrait à l'industrie de la construction de réduire d'un quart les émissions de GES produites par la construction de bâtiments. Cette réduction pourrait avoir un impact important, car la construction est le troisième plus important secteur émetteur de CO2 au pays. L'an dernier, il a été responsable de 13% de toutes les émissions du Canada.Apple a dévoilé de nouvelles versions de ses ordinateurs MacBook Pro et iMac. Elles sont équipées de la nouvelle génération de puces maison M3 d'Apple, plus puissante et plus économe en énergie que les générations précédentes. Selon Apple, ces puces sont les premières puces pour ordinateurs à fonctionner avec des circuits d'une taille de seulement 3 nanomètres, contre 5 nanomètres pour l'ancienne génération.--- Détails sur ces nouvelles et autres nouvelles: https://infobref.com S'abonner aux infolettres gratuites d'InfoBref: https://infobref.com/infolettres Écouter le balado d'InfoBref et voir comment s'y abonner sur les principales plateformes de balado: https://infobref.com/audio Commentaires et suggestions à l'animateur Patrick Pierra, et information sur la commandite de ce balado: editeur@infobref.com Hébergé par Acast. Visitez acast.com/privacy pour plus d'informations.

Angry Mortgage
When Do We See Rates Cut

Angry Mortgage

Play Episode Listen Later Oct 31, 2023 46:09


Jann and Ron discuss the Bank of Canada's recent No Rate Increase Nothingburger, what was Tiff Macklem really trying to say in his Press Conference, are we just being Manipulated? Are the Canadian and US economies becoming VERY divergent? Will there be more Condo Construction Failures? Sure looks like it. And WTAF is going on with White Collar Crime in Canada

The Vassy Kapelos Show
Free For All Friday

The Vassy Kapelos Show

Play Episode Listen Later Oct 27, 2023 39:12


Free For All Friday, hosted by Amanda Galbraith, features top talent across the iHeart Radio Talk Network. Hosts from all the country join the roundtable to discuss the five biggest stories of the week. This week's show features panelists Jason Lietaer, president of Enterprise Canada, and Tom Mulcair, CTV political analyst and former NDP leader. Topics:  Ottawa is exempting home heating oil from the carbon tax for three years. Is this just a political move or will it meaningfully help affordability? Canada is calling for 'humanitarian pauses' to be considered amid the Israel-Hamas war. Is this the right call? Or should the government go further?  Bank of Canada governor Tiff Macklem is warning premiers against undercutting confidence in Bank of Canada independence. Do you think asking for a rate hike pause would undermine the independence of the institution? Canada will have its first majority-female supreme court. Let's discuss the significance of this. Striking actors are restricted from wearing certain Halloween costumes. Is this unfair? 

Gestionnaires en action Podcast
S1E185: La Banque du Canada a fini de relever son taux directeur, selon Fiera Capital

Gestionnaires en action Podcast

Play Episode Listen Later Oct 27, 2023 4:18


GESTIONNAIRES EN ACTION. La Banque du Canada a choisi de garder son taux directeur à 5% le 25 octobre. La direction de la banque centrale continue de surveiller de près les variations de l'inflation au pays, insistant sur le fait que la possibilité d'une autre augmentation est bien réelle si le besoin s'en fait sentir. «Une autre hausse du taux directeur n'est pas impossible. Il va falloir surveiller l'inflation en excluant l'énergie et l'alimentation. Mais avec leur prévision que l'inflation devrait revenir à la cible (de 2%) en 2025, que l'économie devrait ralentir et être faible, et avec les taux réels positifs qu'on n'a pas vus depuis 2007-2008, on pense que la Banque du Canada a fini de monter les taux d'intérêt», explique Nicolas Vaugeois, gestionnaire de portefeuille à Fiera Capital. Dans le communiqué du 25 octobre accompagnant la décision de garder le taux directeur à 5%, le gouverneur de la Banque du Canada, Tiff Macklem, a soutenu que «l'économie a ralenti et que les données semblent indiquer que l'offre et la demande s'approchent du point d'équilibre», ajoutant qu'il s'attend à ce que  «l'offre devienne excédentaire cette année et à ce que la croissance soit faible pendant quelques trimestres». À son avis, les pressions sur les prix devraient donc encore s'atténuer. Si le taux directeur reste à 5%, cela ne veut toutefois pas dire qu'une baisse est attendue à court terme. «Des obligations gouvernementales à échéance de 10 ans à 4% et un taux directeur à 5%, ce n'est pas anormal», dit-il. Nicolas Vaugeois souligne aussi que les taux d'intérêt élevés procurent des occasions d'investissement du côté des obligations de sociétés et même pour les obligations gouvernementales à longue échéance.    Pour de l'information concernant l'utilisation de vos données personnelles - https://omnystudio.com/policies/listener/fr

The Current
Why Tiff Macklem won't rule out more rate hikes

The Current

Play Episode Listen Later Oct 26, 2023 19:07


Bank of Canada Governor Tiff Macklem says he knows Canadians feel financially squeezed by aggressive interest rate hikes, but insists doing nothing to curb inflation would have been worse. He tells Matt Galloway why he's confident those measures are working, even if he's not ruling out raising interest rates again in future.

The Vassy Kapelos Show
Hamas releases two more Israeli hostages

The Vassy Kapelos Show

Play Episode Listen Later Oct 24, 2023 78:14


Vassy Kapelos speaks with a man whose mom, a Canadian-Israeli peace activist, is still being held captive in Gaza.  On today's show:  A conversation with Yonatan Zeigen, the son of missing Canadian Vivian Silver.  We play Vassy's full conversation with Bill Blair, Canada's defence minister, on efforts to bring Canadians home and the hospital blast in Gaza.  David Dodge, former governor of the Bank of Canada, on Tiff Macklem warning premiers about the dangers of putting the bank's independence at risk.  The Daily Debrief panel with Sabrina Nanji, Elliot Hughes and Jason Lietaer.  Sébastien Lebel-Grenier, principal and vice-chancellor of Bishop's University, on Quebec's tuition-hike plan.  Tony Grace, CTV National News correspondent, on a deadly shooting in Sault Ste. Marie.

ON Point with Alex Pierson
''The spending party is over'', David Dodge sends out a warning

ON Point with Alex Pierson

Play Episode Listen Later Sep 27, 2023 8:57


''The country has no growth, no productivity, higher interest rates and way too much debt,'' David Dodge says. Tiff Macklem says interest rates will not go down until next fall. Many Canadians cannot live like this. Host Alex Pierson speaks with Ron Butler, Mortgage Broker with Butler Mortgage. How is this affecting all the markets? Learn more about your ad choices. Visit megaphone.fm/adchoices

Roy Green Show
Sep 23: Prof Eric Kam, From Reuters: Canada's Declining Productivity Streak Adds to Inflation Problem

Roy Green Show

Play Episode Listen Later Sep 23, 2023 11:29


Reuters: 'Canada's declining productivity streak adds to inflation problem.' Canada's productivity has in eleven of the last 12 quarters fallen to 2016 levels. Tiff Macklem, BOC Governor: "Weak productivity growth has been a serial problem for Canada." Why? Impact where and how deeply? AND: Assessing the Liberals Bill C-56. New Housing and Groceries Affordability Act, introduced into parliament on Thursday.  Guest: Professor Eric Kam. Macroeconomist, Toronto Metropolitan University. Learn more about your ad choices. Visit megaphone.fm/adchoices

ON Point with Alex Pierson
Blacklocks Check-In: A ''flaming wall'' goes our economy

ON Point with Alex Pierson

Play Episode Listen Later Sep 21, 2023 9:36


Host Alex Pierson speaks with Tom Korski, Managing Editor of Blacklocks Reporter, about Bank of Canada management including Tiff Macklem would face tighter public scrutiny under a private bill yesterday introduced the Senate, David Johnston in three months as cabinet ''rapporteur'' on Chinese Interference awarded millions in sole-sourced contracts to favoured consultants, records show. All this and more! Learn more about your ad choices. Visit megaphone.fm/adchoices

BC Today from CBC Radio British Columbia
Conservative Party convention begins today; Are kids sports becoming unaffordable?

BC Today from CBC Radio British Columbia

Play Episode Listen Later Sep 7, 2023 50:35


The Conservative Party of Canada is leading big in the polls and today, they meet in Quebec for a convention to discuss policies. What do you think of the party's lead? Next, we hear Bank of Canada governor Tiff Macklem take questions from reporters. Finally, we talk all about kids sports, and whether they're becoming unaffordable.

Lambo Lapdog
UNPACKING TIFF MACKLEM'S BOLD STANCE ON INTEREST RATE HIKES!

Lambo Lapdog

Play Episode Listen Later Aug 16, 2023 24:22


Dan and Scott discuss the Governor of the Bank of Canada, Tiff Macklem's recent statement about interest rates in Canada. Follow along the journey for the blueprint for financial freedom by subscribing to this channel so we know to continue posting content. Listen On All Major Podcast Platforms: https://anchor.fm/DanCrosbyCEO - Dan Crosby is a real estate investor, serial entrepreneur, and car enthusiast. Dan is the founder and CEO of Canadian Protein, one of Canada's largest e-commerce supplement brands with a market capitalization of more than $100 million, and Coachwood Capital, a real estate investment firm with more than $100 million in assets under management. Dan also owns Coachwood Golf & Country Club as well as the limo company Luxxis VIP. Dan discusses business advice, entrepreneurship, and the mindset that led him to a $200 million net worth and how he plans to get to $1 BILLION on this channel. Follow Dan for the Blueprint for Financial Freedom! Links to Dan's businesses: https://linktree.com/dancrosbyceo #interestrates #tiffmacklem #bankofcanada

Sujet Capital
Revue semestrielle des marchés et mise à jour sur l'inflation

Sujet Capital

Play Episode Listen Later Aug 2, 2023 35:23


Dans cet épisode, James Parkyn et François Doyon La Rochelle commencent le balado aujourd'hui par la revue des statistiques de marché en date du 30 juin 2023 puis update leurs auditeurs sur l'inflation. -Statistiques de marché – Juin 2023: https://www.pwlcapital.com/wp-content/uploads/2023/07/2023-06_PDL-Capital_Market-StatsFRE-2.pdf    1) Introduction: François Doyon La Rochelle : Bienvenue à Sujet Capital, un Balado mensuel à propos de la gestion passive de portefeuille et de la planification financière et fiscale pour les investisseurs à long terme. Vos hôtes pour ce Balado sont James Parkyn et moi-même François Doyon La Rochelle, tous deux gestionnaires de portefeuilles avec PWL Capital.   Au programme aujourd'hui pour l'épisode #55 : - Pour notre premier sujet, nous ferons la revue et commenterons les statistiques de marché pour l'année en date du 30 juin. - Et ensuite, pour notre second sujet, nous ferons une mise à jour sur l'inflation. - Veuillez aussi noter, avant que nous passions à nos sujets, que nous prendrons une pause estivale. Nous serons de retour pour notre prochain épisode le 28 septembre. Bonne écoute !   2) Revue semestrielle des marchés : François Doyon La Rochelle : Je vais commencer notre Balado aujourd'hui par la revue des statistiques de marché en date du 30 juin 2023. Après une année 2022 très difficile, une année au cours de laquelle presque toutes les classes d'actifs ont enregistré des pertes importantes, je suis sûr que nos auditeurs vont être soulagés et heureux d'apprendre qu'au cours du premier semestre 2023, les actions et les obligations ont généré des rendements positifs. Ces rendements positifs sont généralisés puisque toutes les classes d'actifs qu'on suit, à l'exception d'une, sont en territoire positif. A titre de rappel, vous pouvez trouver notre page de statistiques de marché sur notre site Internet Sujet Capital dans la section ressources ou sur le site Internet de PWL Capital dans la section dédié à notre équipe. On va partager le lien pour les statistiques de marché avec le podcast. James Parkyn : Effectivement, François, après l'année 2022 où les actions et les obligations ont été fortement malmené en même temps, les investisseurs devraient être satisfaits des rendements enregistrés depuis le début de l'année. François Doyon La Rochelle : Tout à fait James, surtout que la plupart des experts des marchés étaient sceptiques quant aux perspectives des marchés en début d'année. Plusieurs d'entre eux prévoyaient une récession qui ne s'est pas encore matérialisée. James Parkyn : En effet François, elle ne s'est pas encore matérialisée. La croissance du PIB reste positive, la consommation des ménages reste obstinément forte et la création d'emploi se poursuit à un rythme soutenu, tant ici au Canada qu'aux États-Unis. Les experts s'attendent cependant que la croissance du PIB ralentisse, qu'elle se contracte même, au cours des prochains mois, en raison du cycle de resserrement des taux d'intérêt imposé par les banques centrales. À titre de rappel, afin de ralentir l'inflation qui a atteint l'an dernier un sommet de 8,1 % au Canada et de 9,1 % aux États-Unis. La Banque du Canada a augmenté son taux directeur qui se situait à 0,25 % en mars 2022 à 5 % en juillet 2023. Aux États-Unis, on a vu des hausses semblables. La Réserve fédérale a augmenté le taux des fonds fédéraux de 0,25 % à une fourchette de 5.25% à 5,50%. François Doyon La Rochelle : Le cycle de resserrement de taux a quand même eu l'effet espéré sur l'inflation puisqu'elle a baissé ici au Canada et aux États-Unis à 2,8% et 3% respectivement, ce qui se rapproche de la cible à long terme de 2 % fixée par les deux banques centrales. Ceci dit, le cycle de resserrement a aussi fait des dommages collatéraux, en particulier dans les banques régionales américaines, car les fortes hausses des taux d'intérêt ont placé certaines banques dans des positions délicates, ce qui a entraîné l'intervention de la Réserve fédérale. James Parkyn : Les banques régionales n'ont pas été la seule source d'inquiétude pour les marchés au cours du premier semestre, il y a eu une nouvelle crise politique liée au plafond de la dette aux États-Unis qui a fait la une des journaux pendant plusieurs semaines jusqu'à ce qu'un accord sur le relèvement de la limite de la dette soit conclu en juin. François Doyon La Rochelle : Malgré tout ce bruit, les marchés boursiers ont connu un bon premier semestre, en particulier aux États-Unis et dans les marchés développés internationaux. Ces marchés sont maintenant dans un bull market (marché haussier) parce qu'ils ont augmenté de plus de 20% par rapport aux bas atteints en octobre 2022. On va examiner les détails un peu plus tard, mais l'indice S&P500 aux États-Unis a augmenté, en dollars américains, de 27,5 % depuis le bas et l'indice des actions développées internationales, le MSCI EAFE (acronyme pour les actions d'Europe, Asie et Extrême-Orient) a augmenté d'environ 32,8 % depuis le bas. Ici, au Canada, on n'est pas encore dans un marché haussier puisque l'indice S&P/TSX Composé n'a augmenté que de 12,8 % depuis le creux d'octobre 2022. James Parkyn : Ça peut surprendre certains investisseurs qui sont encore sous l'emprise émotionnelle du biais de récence de l'année dernière, mais l'histoire des marchés financiers nous enseigne que des fortes hausses de marchés arrivent très souvent à la suite de marché baissiers ou en anglais ‘Bear Market'. François Doyon La Rochelle : Absolument James et il y a un bon graphique de Dimensional dans leur revue semestrielle qui montre, sur la base des données de l'indice Fama/French du marché total américains qui couvre la période de juillet 1926 à décembre 2022, qu'historiquement, après une baisse du marché de 20%, le rendement moyen après un an est de 22,2%, que le rendement moyen cumulé après 3 ans est de 41,1% et que le rendement moyen cumulé après 5 ans est de 71,8%. James Parkyn : Oui, ces données sont très intéressantes et elles nous rappellent qu'il faut rester discipliné dans les marchés baissiers, qu'il faut rester investie et qu'on doit suivre son plan à long terme. La majorité des investisseurs ne peuvent pas se permettre de rater les hausses de marché qui suivent les ‘Bear Market'. François Doyon La Rochelle : Malgré la belle remontée depuis le creux de l'année dernière, je pense qu'il est important de mentionner que les principaux indices ne sont pas de retour à leurs niveau maximal historique. James Parkyn : Effectivement, en date du 30 juin, le S&P500, le MSCI EAFE et le S&P/TSX Composite sont encore entre 5% et 7 % en bas de leurs sommets. François Doyon La Rochelle : Ceci dit, on va maintenant regarder en détail les statistiques du marché au 30 juin en commençant par les titres à revenu fixe canadiens. Comme vous le savez, 2022 a été une année historiquement difficile pour les obligations, la pire année depuis plusieurs décennies. A titre de rappel, en 2022, les obligations canadiennes à court terme ont baissé de 4,04 % et l'ensemble du marché obligataire Canadien, qui détient des échéances plus longues, a enregistré une baisse considérable de 11,7 %. Depuis le début de l'année, au 30 juin, malgré une augmentation des taux d'intérêt de 1 % par la Banque du Canada, les obligations canadiennes à court terme ont augmenté de 1,01 % et le marché obligataire total canadien a augmenté de 2,51%. James Parkyn : Ça fait du bien d'enfin de voir des chiffres positifs dans le marché obligataire François, mais les performances que tu cites sont des chiffres de rendement total, donc ça inclut les revenus d'intérêts. Si on regarde seulement le prix des obligations, les obligations à court terme ont effectivement légèrement baissé tandis que ceux des obligations à plus long terme ont légèrement augmenté. François Doyon La Rochelle : Tu as raison James, le prix des obligations sont en baisse, surtout du côté des obligations à court terme, ceci à cause de l'impact des dernières hausses de taux d'intérêt de la Banque du Canada. À titre indicatif, le rendement des obligations du gouvernement du Canada à échéance dans deux ans était de 3,82 % au début de l'année et il est maintenant à 4,21 %, le prix de ces obligations a donc baissé. Il faut se souvenir que les rendements et les prix des obligations évoluent dans des directions opposées. Du coté des obligations à échéances plus longues, le rendement des obligations du gouvernement du Canada venant à échéance dans 10 ans était de 3,30 % au début de l'année et il se situait à 3,26 % au 30 juin, donc le prix a quelques peu augmenté. James Parkyn : Pour ceux qui recherchent la sécurité des certificats de placements garantie (CPG), on peut avoir des rendements intéressants en ce moment, allant de 5,5 % pour un CPG d'un an à 5,2 % pour un CPG de cinq ans. François Doyon La Rochelle : On va regarder maintenant du côté des actions, les marchés boursiers du monde entier ont progressé partout depuis le début de l'année. Les actions canadiennes ont augmenté de 5,70 %, principalement grâce aux titres de croissance, puisque l'indice de croissance des grandes et moyennes capitalisations a eu un rendement de 8,1 %, contre 4,0 % pour les titres de valeur des grandes et moyennes capitalisations. Les actions  petite capitalisation ont également eu un rendement positif avec une performance de 3,0 % depuis le début de l'année. Aux États-Unis, le marché boursier total américain a eu une performance de 16,2 % en dollars américains, mais puisque le dollar canadien s'est apprécié par rapport au dollar américain, la performance en dollars canadiens était moindre à 13,5 %. Depuis le début de l'année, les actions de croissance de grande et moyenne capitalisation ont largement surpassé les actions de valeur, avec une performance en dollars canadiens de 26 % contre seulement 2,7 % pour les actions de valeur. Les actions de petites capitalisations ont enregistré une performance de 5,6 % en dollars canadiens, les titres de petite capitalisation croissance ont à nouveau mieux faites que les titres de valeurs avec une performance de 10,9 % contre un maigre 0,1 % pour les titres de petite capitalisation valeur. James Parkyn : Pour les titres de croissance, c'est un revirement complet par rapport à ce qui s'est passé l'année dernière, Il faut se rappeler qu'en 2022 les actions de croissance de grande et moyenne capitalisation ont fortement chuté alors que les titres de valeur de grande et moyenne capitalisation n'avaient pratiquement pas baissé. Cette année, une poignée d'actions à grande capitalisation (en anglais on dit Mega-Cap) dominent les rendements du marché boursier américain. Selon Morningstar, au 31 mai 2023, 97 % de la performance de l'indice Morningstar U.S. Large and Mid-Cap, qui suit de près l'indice S&P500, provenait des 10 plus grands titres de l'indice. Ça signifie que seulement 3 % du rendement de l'indice provient des quelque 700 autres titres de l'indice Morningstar. François Doyon La Rochelle : Oui, les performances du marché américain depuis le début de l'année sont très concentrées sur quelques actions et quelques secteurs. Si on regarde les cinq principaux titres du S&P500, à savoir Apple, Microsoft, Amazon, NVIDIA et Alphabet (Google), leur performance depuis le début de l'année, au 30 juin, varie de 36 % pour Alphabet à 189 % pour NVIDIA. En termes de secteurs, 4 secteurs sur 7 affichent des performances négatives au premier semestre. Les secteurs les plus performants sont ceux de la technologie, des services de communication et de la consommation discrétionnaire. Selon un rapport de RBC Global Asset Management, depuis le 1er janvier 2020, seulement sept titres de l'indice S&P500 ont produit plus de la moitié de son rendement cumulé. Ces titres sont Meta, Apple, Alphabet, Microsoft, Amazon, NVIDIA et Tesla. James Parkyn : C'est très frappant, mais ça veut aussi dire que pour les gestionnaires actifs qui font de la sélection de titre pour bâtir votre portefeuille (ou stock picking en anglais) et que s'ils ne détiennent aucun de ces titres, ils ont probablement sous performer de beaucoup le S&P500. N'oubliez pas qu'il y a des milliers d'actions sur le marché américain et encore plus si on inclut le marché mondial. La recherche académique démontre que la plupart des actions, sont moins performantes que les bons du Trésor américain sur de très longues périodes. François Doyon La Rochelle : C'est exact et c'est l'une des raisons pour lesquelles les stock pickers ont du mal à battre les indices. C'est pourquoi nous utilisons des fonds ou FNBs qui sont largement diversifiés pour bâtir nos portefeuilles. On veut s'assurer d'avoir les tous les titres les plus performants dans les comptes de nos clients. Enfin, pour ce qui est des actions internationales de pays développées, les actions à grande et moyenne capitalisation ont également bien faites depuis le début de l'année. Elles ont eu une performance de 12,1 % en monnaie locale. En dollars canadiens, les actions des pays développés ont augmenté un peu moins, soit de 9,1 %. C'est parce que le dollar canadien s'est apprécié par rapport au panier de devises inclus dans l'indice MSCI EAFE. Là encore, les actions de croissance à grande et moyenne capitalisation ont surpassé les actions de valeur. Elles ont eu une performance de 11,5 % en dollars canadiens, contre 6,7 % pour les actions de valeur à grande et moyenne capitalisation. Comme aux États-Unis et au Canada, les actions de petite capitalisation ont été à la traîne des actions à grande et moyenne capitalisation, avec une performance de 3,1 %, performance également en dollars canadiens. En conclusion, les marchés émergents ont bien fait avec une performance de 2,6 % depuis le début de l'année. Contrairement aux marchés développés, les actions de valeur et les actions de petites capitalisations se sont mieux comportées que les actions de croissance et les grandes capitalisations. Donc, je pense que ça fait le tour.   3) Mise à jour sur l'inflation : Francois Doyon La Rochelle : Comme deuxième sujet aujourd'hui on fait une mise à jour sur l'inflation, on en a beaucoup parlé dans notre podcast depuis le printemps 2022. Donc, James, peux-tu commencer par nous donner un résumé de la situation actuelle des taux d'inflation? James Parkyn : François, l'inflation s'est ralentie le mois dernier pour atteindre son rythme le plus faible en deux ans. Aux États-Unis, l'indice des prix à la consommation a augmenté de 3 % en juin par rapport à l'année précédente, ce qui est nettement inférieur au récent pic de 9,1 % atteint en juin 2022. L'indice de l'inflation de base, qui exclut les prix volatils de l'alimentation et de l'énergie, a également enregistré en juin sa plus faible hausse mensuelle depuis plus de deux ans. Bien que le taux d'inflation dans le rapport de juin sur l'IPC reste supérieur au niveau souhaité par la Fed, les données suggèrent des progrès évidents dans la réduction des pressions sur les prix vers des niveaux plus acceptables. François Doyon La Rochelle : Au Canada, les nouvelles sont encore meilleures. Le dernier rapport nous donne une inflation qui s'est établi à 2,8 % en juin donc c'est très encourageant mais, James qu'en est-il en l'Europe et au Royaume-Uni ? James Parkyn : L'inflation a baissé à 5,5 % dans les 20 pays utilisant l'euro et à 7,9 % au Royaume-Uni, mais ça reste bien supérieur à l'objectif de 2 % des banques. François Doyon La Rochelle : James, est-ce qu'il y a un consensus parmi les économistes ? Est-ce que les banques centrales peuvent crier victoire sur l'inflation ? James Parkyn : Nick Timaros dans le WSJ rapporte que : "Certains décideurs politiques et économistes de la Fed craignent que le ralentissement de l'inflation soit temporaire. Ils considèrent que le ralentissement de l'inflation était attendu depuis longtemps après la disparition des chocs liés à la pandémie qui ont fait grimper les loyers et les prix des transports et des voitures. Ils craignent que les pressions sous-jacentes sur les prix ne persistent, ce qui obligerait la Fed à relever ses taux et à les maintenir plus longtemps. Leur plus grande crainte est de savoir si la croissance des salaires et des prix peut ralentir suffisamment sans qu'il y ait une récession. François Doyon La Rochelle : Oui, Karen Dynan, une économiste à l'université de Harvard, est citée dans cet article. Elle déclare : "Bien que les choses semblent aller dans la bonne direction en ce qui concerne l'inflation, nous ne sommes qu'au début d'un long processus". James, qu'est-ce que les économistes de l'autre côté du débat disent ? James Parkyn : Nick Timaros poursuit et déclare que : "D'autres économistes affirment que ce raisonnement ne tient pas compte des signes de ralentissement économique actuel qui atténueront progressivement les pressions sur les prix. Ils affirment également que l'inflation ralentira suffisamment pour que les taux d'intérêt "réels" ou corrigés de l'inflation augmentent dans les mois à venir. Ça permettrait de renforcer l'impact des augmentation des taux d'intérêt, même si la hausse des taux du 27 juillet est la dernière du cycle de resserrement actuel”. François Doyon La Rochelle : Donc le débat est beaucoup plus autour de l'inflation des salaires. Le premier camp d'économistes est nerveux car il n'y a pas de marge de manœuvre et trop de demande dans l'économie pour être raisonnablement confiant que l'inflation va revenir à l'objectif de 2 % de la Fed dans les années à venir. James Parkyn : Exactement François. Plusieurs de ces économistes craignent que la croissance des salaires soit trop forte. En l'absence de récession, ils estiment qu'un marché du travail surchauffe poussera l'inflation de base à la hausse en 2024. Étant donné qu'un marché du travail en surchauffe est susceptible de se manifester d'abord au niveau des salaires, beaucoup d'économistes considèrent les augmentations de salaire comme un bon indicateur de la pression inflationniste sous-jacente. La notion derrière cette pensée, est qu'une croissance annuelle des salaires de 3,5 % serait compatible avec une inflation entre 2 % et 2,5 %, à condition que la productivité augmente d'environ 1 % à 1,5 % par an. François Doyon La Rochelle : Selon l'indice du coût de l'emploi du ministère américain du travail, les salaires ont augmenté de 5 % dans la période de janvier à mars par rapport à l'année précédente. La Fed surveille de près cet indice car c'est la mesure la plus complète de la croissance des salaires. James Parkyn : Le second camp d'économistes François estime qu'il existe de nombreuses preuves que le marché du travail se refroidit, ce qui réduit les pressions inflationnistes. Ils soulignent que le temps nécessaire aux chômeurs pour trouver un nouvel emploi s'est allongé. L'augmentation du nombre d'heures travaillées par les employés du secteur privé a ralentie en même temps que le nombre d'emplois non comblés. Benjamin Tal, économiste en chef adjoint chez CIBC World Markets, a dit dans le Global Mail qu': "Il s'attend à ce que l'économie saigne des postes vacants plutôt que des emplois. À savoir, les entreprises n'embaucheront pas mais ne licencieront pas. » François Doyon La Rochelle : La nouvelle encourageante dans tout ça c'est que la baisse de l'inflation va permettre aux banques centrales d'être plus patientes et de prendre leur temps avant de procéder à de nouvelles hausses de taux. James Parkyn : Absolument François. Aux États-Unis, le mois dernier la Fed a maintenu son taux directeur de référence pour les fonds fédéraux dans une fourchette comprise entre 5 % et 5,25 %. C'est la première fois qu'elle fait une pause après dix augmentations consécutives depuis mars 2022. À titre de rappel, les hausses de taux d'intérêt ralentissent l'économie par le biais des marchés financiers en réduisant le prix des actifs et en augmentant le coût de l'emprunt. François Doyon La Rochelle : Le 27 juillet, la Fed a augmenté le taux des fonds fédéraux de 25 points de base pour atteindre une fourchette cible entre 5,25 % et 5,50 %. Cette augmentation était attendu par les marchés. Ça correspond au sommet précédent atteint en 2006-07. Il faudrait remonter à 2001 pour trouver une période où les taux étaient plus élevés qu'aujourd'hui. La vitesse et l'ampleur de la hausse (plus de 500 points de base en 16 mois) est inégalée depuis le resserrement de la Fed en 1980. Ceci dit, l'inflation, selon l'indice des prix à la consommation, se rapproche de l'objectif de 2 % de la Fed, mais James qu'est-ce que les banques centrales disent des derniers chiffres d'inflation ? James Parkyn : Elles ont toutes le même message en insistant sur le fait que les conséquences économiques vont continuer à s'aggraver si l'inflation échappe à tout contrôle. Le gouverneur de la Banque d'Angleterre, Andrew Bailey, a été cité dans le Financial Times : "Notre tâche consiste à ramener l'inflation à son niveau cible et nous ferons ce qui est nécessaire. Je comprends les préoccupations qui en découlent, mais je crains de devoir toujours dire - que le résultat est pire si nous ne ramenons pas l'inflation à son niveau cible". Donc François, malgré le risque d'entrainer une récession, les banques centrales insistent sur le fait qu'ils prévoient de maintenir les taux à leur niveau élevé pendant un certain temps – en effet, probablement plus longtemps que ne le prévoient les marchés boursiers et obligataires. En résumé, Ils me semblent Francois qu'elles sont très synchronisées. François Doyon La Rochelle : Je suis d'accord James. En fait, la Banque des règlements internationaux (ou la BRI), l'organisation mondiale des banques centrales basée en Suisse, semble également d'accord. Dans un récent rapport, la BRI a souligné que depuis le début de l'année 2021, près de 95 % des banques centrales du monde ont relevé leurs taux. Cette synchronisation parmi les banques centrales est plus élevée lors du choc pétrolier inflationniste des années 1970. La BRI a qualifié cette situation de "resserrement de la politique monétaire le plus synchronisé et le plus intense depuis des décennies". James Parkyn : Je pense que l'on reconnaît de plus en plus que des erreurs de politiques monétaires ont été commises pendant la pandémie. Selon moi, ça m'indique que les taux d'intérêt doivent être normalisés à des niveaux beaucoup plus élevés que les taux très bas en vigueur pendant la pandémie. François Doyon La Rochelle : James qu'est-ce que les économistes disent de l'impact de la politique fiscale, autrement dit, au niveau des dépenses publiques sur l'inflation ? James Parkyn : Le journaliste David Parkinson a récemment posé la question suivante dans le Globe & Mail : "Dans quelle mesure le problème persistant de l'inflation au Canada peut-il être imputé aux dépenses du gouvernement ?" Dans son article, qui fait suite à la dernière hausse des taux d'intérêt de la Banque du Canada, il souligne que le gouverneur, Tiff Macklem, a noté dans les dernières projections économiques de la Banque, que la croissance des dépenses publiques est d'environ 2 %, ce qui correspond au taux estimé de croissance de la production potentielle de l'économie. Selon lui, cela signifie que la contribution du gouvernement à l'équilibre entre l'offre et la demande de l'économie est neutre. Il avance que ça n'aide pas à résoudre le problème de l'excès de demande qui continue d'alimenter les pressions inflationnistes. Mais d'un autre côté, il n'aggrave pas non plus le problème. Mais il affirme également que si l'on compare les dépenses publiques aux niveaux antérieurs à la pandémie, la politique fiscale en matière des dépenses est stimulatrice. François Doyon La Rochelle : Intuitivement, les gouvernements pourraient également contribuer à la lutte contre l'inflation. Ils pourraient réduire les dépenses qui sont essentiellement financées par des déficits afin de diminuer la demande. Je pense que ça aiderait les banques centrales parce qu'elles auraient moins besoin d'augmenter les taux d'intérêt. James Parkyn : À ce sujet, François, Gita Gopinath, directrice exécutive adjointe du Fonds monétaire international, dans un discours prononcé lors de la conférence annuelle de la Banque centrale européenne (BCE) à Sintra, au Portugal, le mois dernier, a affirmé que "certains effets secondaires de la lutte contre l'inflation par la politique monétaire pourraient être réduits en donnant à la politique fiscale des dépenses un rôle plus important. » Mme Gopinath a ajouté : "Compte tenu des conditions économiques dans lesquelles nous nous trouvons, à la fois en raison d'une inflation élevée et de niveaux d'endettement record, ces deux éléments plaident en faveur d'un resserrement de la politique fiscale. Si l'on examine les déficits budgétaires prévus pour de nombreux pays du G7, on s'aperçoit qu'ils sont trop élevés pour trop longtemps. " François Doyon La Rochelle : Elle a également lancé un avertissement et je la cite : "Les banques centrales doivent accepter la "vérité inconfortable" qu'elles devront peut-être tolérer une période plus longue d'inflation supérieure à leur objectif de 2 % pour éviter une crise financière ». James, la baisse de l'inflation est-elle une bonne nouvelle pour les investisseurs ? James Parkyn : Oui, je pense que le fait que les taux plus élevés pour plus longtemps seraient une bonne nouvelle pour les investisseurs. Je pense également que la vraie nouvelle est que nous commençons maintenant à obtenir des taux d'intérêt réels positifs. Enfin, de nombreux économistes prévoient une baisse des taux de la Banque centrale de 2024 et pour certain, ça sera en 2025. Preston Caldwell, économiste en chef chez Morningstar, a déclaré dans un rapport récent que "l'inflation montre maintenant des signes généralisés de décélération" et que "la Fed est toujours susceptible d'augmenter ses taux lors de sa réunion de juillet, mais le rapport d'aujourd'hui sur l'inflation selon l'IPC soutient notre opinion selon laquelle la Fed passera à une réduction agressive en 2024 après la chute de l'inflation". Francois, on le sait la Fed a effectivement augmenter ses taux à la réunion de juillet. François Doyon La Rochelle : Pour les investisseurs qui ont évité les titres à revenu fixe par crainte des hausses de taux, c'est peut-être maintenant le temps de réexaminer vos portefeuilles de titres à revenu fixe. Les investisseurs reçoivent maintenant un rendement réel positif, c'est-à-dire après l'inflation, avec leurs investissements obligataires. Ce qui n'a pas été le cas depuis belles lurettes. James Parkyn : L'exemple parfait est que nous obtenons maintenant de bien meilleurs taux sur les CPG. Récemment, les taux des CPG étaient autour de 5.5% pour 1 an, et autour de 5,2 % pour 5 ans. Ces taux sont nettement plus élevés que notre estimation du rendement attendu des obligations de 4,26 %. Nos auditeurs peuvent consulter le plus récent rapport de PWL que l'on vient de publier sur les hypothèses de planification financière. Malgré la hausse générale des prix des obligations, les rendements aujourd'hui plus élevés qu'ils ne l'ont été pendant la majeure partie de la dernière décennie. François Doyon La Rochelle : À l'heure actuelle, les titres à revenu fixe vous procurent un bon revenu. Sur une base "réelle", les taux semblent très attrayants si on les compare aux prévisions d'inflation pour les années à venir. Par exemple, l'estimation de PWL pour l'inflation est à 2,2 % par an. Un investisseur qui achète un CPG à échéance dans 5 ans, comme tu l'as mentionné James, obtiendrait 5,2 %, soit un rendement réel de 3 %. James Parkyn : En conclusion, François, la clé pour les investisseurs est que même si les banques centrales augmentent encore un peu leurs taux, la fin du cycle haussier actuel se profile à l'horizon, à moins d'une résurgence de l'inflation. Comme nous l'avons dit à maintes reprises, nous ne faisons pas de Market Timing, autant du côté des actions que des obligations. Spécifiquement pour les obligations, n'essayez pas de prévoir le sommet des taux d'intérêt. Je veux également François partager avec nos auditeurs une citation intéressante de Dimensional qui provient de son rapport semestriel et je cite : " Ce que les investisseurs savent, c'est que les marchés continueront à traiter rapidement les informations au fur et à mesure qu'elles seront disponibles. Un plan à long terme, axé sur les objectifs individuels et fondé sur la confiance dans les prix du marché, peut placer les investisseurs dans les meilleures conditions pour vivre une bonne expérience, quoi qu'il arrive. » François Doyon La Rochelle : En d'autres termes, James, il ne faut pas essayer de deviner la fin du cycle de hausse des taux. Je rappelle à nos auditeurs que notre discipline consiste à investir avec "l'état d'esprit de l'investisseur, axé sur le long terme". On ne veut pas se laisser influencer par le bruit à court terme des médias financiers et par la volatilité des marchés. C'est un défi de taille qui s'applique à tous les investisseurs, même aux professionnels. On l'a souvent répété dans notre podcast : "C'est simple à dire mais pas facile à faire : Il faut toujours être conscients qu'on peut tomber dans le piège d'essayer de "prévoir l'avenir".   4) Conclusion : François Doyon La Rochelle : Merci James Parkyn d'avoir partagé ton expertise et ton savoir. James Parkyn : il m'a fait plaisir Francois. François Doyon La Rochelle : Hé bien c'est tout pour ce 55ième épisode de Sujet Capital ! Nous espérons que vous avez aimé. N'hésitez pas à nous envoyer vos questions et suggestions. Vous pouvez nous joindre par courriel à: sujetcapital@pwlcapital.com  De plus, si vous aimez notre podcast, partagez-le avec votre famille et vos amis et si vous n'y êtes pas abonné, faites-le SVP. Encore une fois, merci d'être à l'écoute et joignez-vous à nous pour notre prochain épisode à paraitre le 28 septembre exceptionnellement car nous prenons une pause pour l'été. Profitez de votre été et à bientôt!

Real Talk
#cdnpoli Roundup: Another Rate Hike, Poilievre's Winning Play, & PMJT Security Threats

Real Talk

Play Episode Listen Later Jul 25, 2023 85:50


How are the Hollywood strikes impacting Canadians? When can we expect a break on interest rates? Is Pierre Poilievre right or wrong about the Bank of Canada? Are angry protesters getting too close to Justin Trudeau? We dig into the country's top stories in this episode of Real Talk.  5:20 | Stephanie Hughes is covering the Hollywood strikes and the Bank of Canada rate increase for Bloomberg. She tells us about the "Barbenheimer Effect," and what the strike means for Canadian film workers (and theatres). Plus, if inflation's back under 3%, why did the BoC just raise rates again? READ STEPHANIE'S WORK: https://www.bloomberg.com/authors/AWY-CR7s4tY/stephanie-hughes 26:40 | Is Pierre Poilievre onto something, threatening to fire Bank of Canada governor Tiff Macklem, or could it blow up in the Conservative leader's face? Former CPC and UCP staffer Karamveer Lalh explains why he believes a commitment to "optimistic conservatism" could help the Conservatives form government next election.  READ KARAMVEER'S PIECE IN THE HUB: https://thehub.ca/2023-07-11/karamveer-lalh-poilievre-is-right-about-canadas-problems-he-should-embrace-optimistic-conservatism-for-solutions/ 41:25 | Chris Hayden says an angry mob in Belleville got "way too close" to Prime Minister Justin Trudeau. The longtime police officer, now working in VIP protection, takes us through the video and explains why the PM's security detail did what they did. (Stick around for his stories about driving Wayne Gretzky and Ice Cube around town!) CHECK OUT HAYWORK DRIVING: https://hayworkdriving.net/ 1:09:20 | Where do you spend your hard-earned dollars on news and entertainment? Ryan and Johnny review our latest unofficial, unscientific Twitter poll.  POLL RESULTS: https://twitter.com/ryanjespersen/status/1683514547657920512?s=20 1:21:20 | Oops! We missed Positive Reflections on Monday's show (what can we say...we were distracted)! You won't want to miss this remarkable young man's message delivered via doorbell cam. Positive Reflections is presented by Kuby Renewable Energy. GET A FREE SOLAR QUOTE: https://kubyenergy.ca/ EMAIL THE SHOW: talk@ryanjespersen.com  BUY K-DAYS 50/50 TIX IN SUPPORT OF YWCA EDMONTON: https://www.k-days.com/50-50 BECOME A REAL TALK PATRON: https://www.patreon.com/ryanjespersen WEBSITE: https://ryanjespersen.com/ TWITTER: https://twitter.com/RealTalkRJ INSTAGRAM: https://www.instagram.com/RealTalkRJ/ TIKTOK: https://www.tiktok.com/@realtalkrj THANK YOU FOR SUPPORTING OUR SPONSORS! https://ryanjespersen.com/sponsors The views and opinions expressed in this show are those of the host and guests and do not necessarily reflect the position of Relay Communications Group Inc. or any affiliates.

The Decibel
Why is it so important to get inflation down to two per cent?

The Decibel

Play Episode Listen Later Jul 19, 2023 20:19


We're all familiar with the cycle now: Inflation is too high, so central banks keep raising interest rates. The hope is to get inflation back down to 2 per cent. But why 2? If we accept that things are going to keep getting more expensive, what difference does it make if it's 2 or 3 per cent? Or 2.8?Report on Business reporter Mark Rendell explains why we're aiming for 2-per-cent inflation, whether that target will change and what he learned from a recent interview with Tiff Macklem, Governor of the Bank of Canada.Questions? Comments? Ideas? E-mail us at thedecibel@globeandmail.com

The Peak Daily
Bank for sale

The Peak Daily

Play Episode Listen Later Jul 13, 2023 8:44


Tiff Macklem and the Bank of Canada (BoC) did what everyone expected and raised Canada's overnight interest rate by 0.25% up to 5%—the highest since 2001. On this season of The Canadian Bank Bachelorette, 177-year-old Laurentian is looking for that perfect deep-pocketed suitor to give it the final rose. Canada has reportedly launched one of the first-ever probes into Nike's alleged use of forced labour abroad. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

ON Point with Alex Pierson
Pierre Poilivere VS. Tiff Macklem; Raising Rates

ON Point with Alex Pierson

Play Episode Listen Later Jul 12, 2023 8:35


Raise them he did! Tiff Macklem didn't hold back. Host Alex Pierson speaks with Ron Butler, Mortage Broker of Butler Mortgage, about what will happen to individuals who did not get a fixed rate when buying their home. This may be the last straw for many people. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill Kelly Show
This Week in Canadian Politics: Federal Vote Poll, Does BoC really need to push inflation rates higher? & The Washington Report w/ Reggie Cecchini!

Bill Kelly Show

Play Episode Listen Later Jul 4, 2023 48:31


The Bill Kelly Show Podcast: Topics Include: ·        Conservatives edge ahead of Liberals in voter support ·        Trudeau boxed in from calling early election ·        Harassment complaints in House of commons ·        And more… GUEST: Dr. Lori Turbull, Director of the School of Public Administration with Dalhousie University - Canada's inflation rate is one of the lowest among G7 countries, after a considerable drop in May — just in time, some fear, for another rate hike by the Bank of Canada in July. Which begs the question: if inflation is falling, does bank governor Tiff Macklem really need to push rates higher? GUEST: Armine Yalnizyan, Economist and Atkinson Fellow on the Future of Workers - Topics Include: ·        Prosecutors prepared to hit Trump ·        Biden to visit Europe ·        July 4th ·        And more…. GUEST Reggie Cecchini, Washington Correspondent for Global News 

InfoBref actualité et affaires
Les très bas taux d'intérêt ne reviendront pas de sitôt

InfoBref actualité et affaires

Play Episode Listen Later May 23, 2023 3:39


23 mai 2023 | L'essentiel des nouvelles économiques, technologiques et financières [texte non corrigé pour fins de publication]L'époque des très bas taux d'intérêt ne reviendra pas de sitôtLes Canadiens ne devraient pas s'attendre à ce que les taux d'intérêt retombent aux niveaux très bas de la dernière décennie, a dit ces derniers jours le gouverneur de la Banque du Canada, Tiff Macklem.L'économie est en «transition», et cette transition va prendre du temps, a-t-il ajouté. Le gouvernement fédéral avait déjà annoncé qu'il avait conclu une entente avec Visa et Mastercard pour diminuer les frais de transaction des petites entreprises.On sait maintenant que, pour profiter des taux réduits, les entreprises et les OBNL doivent, par année, vendre moins de 300 000 $ par Visa dans le cas de Visa, et moins de 175 000 $ par Mastercard dans le cas de Mastercard. Leur frais d'interchange seront désormais limités à un taux d'interchange moyen de 0,95% pour les achats en magasins.Meta est condamnée par le régulateur irlandais de la protection des données à payer une amende record de 1,75 milliard $ Selon le régulateur, la société mère de Facebook et Instagram a enfreint les règles européennes dans ce domaine. Meta a 5 mois pour suspendre tout transfert de données personnelles vers les États-Unis, et 6 mois pour se conformer aux règles européennes sur la protection des données. Le Montana est devenu le premier État américain à interdire la distribution de l'application TikTok par les magasins d'applications mobiles. Cette interdiction répond aux craintes de nombreux Américains qui croient que le gouvernement chinois peut espionner les utilisateurs de TikTok ou orienter son contenu.TikTok a déjà rétorqué en déposant une poursuite en justice contre l'État du Montana. TikTok soutient que son bannissement est une enfreinte à la liberté d'expression garantie par le premier amendement à la constitution américaine.InfoBref vous fait découvrir Sonaro: elle a conçu un logiciel qui facilite la détection des facteurs de risque d'AVC chez les personnes prédisposées à ce type d'accident.Son logiciel peut construire, à partir de données biomédicales et à l'aide de l'intelligence artificielle, des images 3D des artères d'un patient qui sont possiblement obstruées par un dépôt graisseux. C'est ce type de dépôt qui, s'il se détache de la paroi de l'artère, peut causer un accident vasculaire cérébral.Pour en savoir plus sur Sonaro, allez lire son portrait à InfoBref.com---Détails sur ces nouvelles et d'autres nouvelles: https://infobref.com S'abonner aux infolettres gratuites d'InfoBref: https://infobref.com/infolettres Écouter les balados d'InfoBref: https://infobref.com/audio [Découvrez Actualités InfoBref, un balado quotidien des principales nouvelles générales, parfaitement complémentaire d'InfoBref Affaires] Voir notre épisode hebdo «à retenir cette semaine»: https://www.youtube.com/@infobref Commentaires et suggestions à l'animateur Patrick Pierra, ou pour commanditer nos balados: editeur@infobref.com Hébergé par Acast. Visitez acast.com/privacy pour plus d'informations.

Le retour de Mario Dumont
Les jeux vidéo, «c'est très économique en fait», dit Francis Gosselin

Le retour de Mario Dumont

Play Episode Listen Later May 17, 2023 10:40


Inflation canadienne: le principal coupable est… Tiff Macklem! Jeux vidéos: trois jours après son lancement, le dernier Zelda bat des records.  Filière batterie: Justin Trudeau, en visite en Corée, signe une entente - quelle part pour le Québec ? Chronique économique avec Francis Gosselin.Pour de l'information concernant l'utilisation de vos données personnelles - https://omnystudio.com/policies/listener/fr

As It Happens from CBC Radio
May 4: Know when to hold ‘em

As It Happens from CBC Radio

Play Episode Listen Later May 4, 2023 73:33


Tiff Macklem, Bangladesh climate cyclist, Proud Boys verdict, Counter-Strike Ukraine messages, Hot Docs: Lebanese Burger Mafia and more

The Peak Daily
Day trading tax

The Peak Daily

Play Episode Listen Later Apr 13, 2023 9:09


Tiff Macklem is nothing if not a man of his word. Despite mounting pressures, the Bank of Canada (BoC) kept its promise and continued to hold steady on interest rates. Canadian tax courts are cracking down on TFSA day trading, taking aim at investors that are doing so well that their trades could be classified as a business activity… well, kind of.  Big Canola is betting that canola oil will be used to deep fry potatoes and power vehicles. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Gestionnaires en action Podcast
S1E160: Bourse: l'inflation passe avant les faiblesses des banques régionales

Gestionnaires en action Podcast

Play Episode Listen Later Mar 24, 2023 5:44


GESTIONNAIRES EN ACTION. La Réserve fédérale américaine (Fed) a poursuivi son resserrement monétaire le 22 mars en annonçant une hausse de son taux directeur d'un quart de point de pourcentage pour le porter entre 4,75% et 5%. Cette hausse, largement attendue par les marchés financiers, montre que les dirigeants de la Fed restent concentrés sur leur objectif de réduire l'inflation, même si cela devait accentuer le resserrement du crédit par les établissements bancaires. «C'est important de signaler aux marchés qu'il y a encore du travail à faire pour combattre l'inflation, ce qui justifie la hausse», explique Julie Hurtubise, conseillère en placements à Gestion de patrimoine TD. Cette dernière n'est donc pas surprise que le président de la Fed, Jerome Powel, ait affirmé que d'autres hausses de taux d'intérêt étaient à venir pour faire fléchir l'inflation. Julie Hurtubise a également réagi au discours du gouverneur de la Banque du Canada, Tiff Macklem, qui s'inquiète de voir l'inflation persister au Canada, ce qui pourrait envoyer le message que la banque centrale canadienne prépare elle aussi une autre hausse de son taux directeur. Elle estime qu'une autre hausse devrait inquiéter les investisseurs. «Cela voudrait dire que l'inflation m'est toujours pas stabilisée, ce qui affecte les consommateurs et les entreprises. Une autre hausse de taux directeur signifierait que les données de la Banque du Canada ne correspondent plus à ses attentes et que sa stratégie devrait être révisée», dit-elle. D'après Julie Hurtubise, l'industrie des produits de luxe démontre entre autres une résilience assez impressionnante en ce moment malgré les soubresauts boursiers. «Les personnes qui peuvent se payer une Ferrari (RACE, 266,12$US) ou un sac Hermès (RMS.PA, 1801 euros) sont peu affectées par les hausses de taux ou les faillites des banques régionales», dit-elle, ajoutant que les titres de fabricants de semiconducteurs et de maisons aux États-Unis font aussi bien ces derniers temps.  Pour de l'information concernant l'utilisation de vos données personnelles - https://omnystudio.com/policies/listener/fr

The Living Market Podcast
The Bank of Canada's Catch-22

The Living Market Podcast

Play Episode Listen Later Mar 10, 2023 6:04


The Bank of Canada's governor, Tiff Macklem, has a tough decision to make, says IG Wealth Management's Chief Investment Strategist, Philip Petursson. Keep rates stable and he'll risk higher inflation; hike rates in line with the U.S. and he could slow down the economy even more.

Bill Kelly Show
Preparing for the Workforce of Tomorrow, Bank Of Canada might need to raise interest rates again & What's happening at Roxham Road?

Bill Kelly Show

Play Episode Listen Later Feb 23, 2023 42:34


The Bill Kelly Show Podcast: According to OCC's 2023 Ontario Economic Report, labour shortages continue to dominate as a source of concern directly impacting most employers. Yet, the light at the end of the tunnel is unfortunately far away. Baby boomers are retiring, causing additional strain on an already tight labour market. The number of babies born in Canada fell to a nearly 15-year low in 2020. And, while the federal government is making efforts to increase the number of immigrants to Canada, we are far behind, and not using all the tools at our disposal. Ontario continues to face massive labour shortages across a variety of industries. This will intensify organizations' needs to look at ways to upskill and re-skill their current talent. The workforce of tomorrow will require nimble training options and fewer barriers to labour mobility across Canada and internationally. GUEST: Rocco Rossi, President and CEO of the Ontario Chamber of Commerce - It may sound like a circular argument, but the only way to stop inflation is to stop companies from raising prices. And the only way to stop that is to get inflation under control. And that could mean an end to the interest rate hike pause. After Tuesday's latest release of inflation data, warnings from Bank of Canada governor Tiff Macklem in his testimony to parliament last week offer a stark reminder of how difficult, but how essential, it is to convince the sellers of goods and services to stop raising prices. While overall inflation has eased to 5.9 per cent, that's still high. Groceries are up another 11.4 per cent.  GUEST: Moshe Lander, Senior Economics Lecturer with Concordia University - What's happening with Roxham Road? GUEST: Tasha Kheiriddin, Principal at Navigator and Author of The Right Path

The Vancouver Life Real Estate Podcast
Bank Of Canada Rate Hikes May Have Come To An End

The Vancouver Life Real Estate Podcast

Play Episode Listen Later Jan 28, 2023 26:02


This week was all about macro economics as we looked at how the BoC raised rates again by 0.25% and we also assess the forward guidance provided by Tiff Macklem. Can we expect to see the BoC hold rates at the next announcement? Have they done enough to curb inflation? We also evaluate their credibility considering the last year, and will they achieve their inflation target given the respective timeframes? We have also recognized that Mortgage Rates at some of the major institutions across North America have already begun cutting their rates, especially insured rates, as the volume of sales continues its decline in the housing sector. With that being said, there are local rumours of stale listings all of sudden going into multiple offers and it appears to be true as Buyers who decided to stay out of the market throughout 2022 are frustrated with the lack of inventory and very little panic selling - at least to date - and have decided to pursue what's currently available.Lastly we take a dive into housing starts, Canadian housing inventory levels, the cost of rent in major metros along with a local Vancouver market recap. Spoiler alert, the volume of sales is extraordinarily low, inventory levels are at critically low levels and yet prices continue to persist having only fallen off by $40,000 on average since June 22'. _________________________________ Contact Us To Book Your Private Consultation:

Perspectives
Hitting ‘pause' on interest rate hikes as inflation slows

Perspectives

Play Episode Listen Later Jan 26, 2023 12:24


The Bank of Canada this week raised their policy interest rate a quarter of a percentage point to 4.5%. It's the smallest increase since the central bank began raising the benchmark rate last March. Tiff Macklem, the Governor of the Bank of Canada, says it marks the start of a “conditional pause” on interest rate hikes. Scotiabank's Chief Economist, Jean-François Perrault returns to the podcast to explain what this means, what it signals for the months ahead and when we might see interest rates start to come down.  Key moments this episode:  00:58 — Why the Bank of Canada raised rates again after hinting at a pause in December  2:10 — Why the central bank's pause on increases is the right move  3:32 — Inflation impacts on consumers  6:06 — Will the central bank hit its inflation target this year?  7:39 — Where will inflation be more persistent? Food?  8:49 — The economy is “stalled.” Does that mean recession?  10:50 — What everybody is wondering about: when will interest rates start to come down? 

Fight Back with Libby Znaimer
Vision Zero and Consumer Trends of 2022

Fight Back with Libby Znaimer

Play Episode Listen Later Dec 29, 2022 52:11


Jane Brown is joined by David Crombie, Former Mayor of Toronto, City Councillor James Pasternak for Ward 6 York Centre and Ana Bailão, a former Toronto City councillor and deputy mayor of the City up until 2022. Today: How well is Toronto's Vision Zero working? Meanwhile our panel guests weigh in on their respective new years resolutions and the objectives of city council moving into 2023. ---- ELLEN ROSEMAN RECAPS BIGGEST CONSUMER TRENDS OF 2022 Jane Brown is joined by Ellen Roseman, consumer advocate and journalist. The year reaches its end and with that our guest today has prepared a list of what she thinks were the biggest consumer trends of the year including air travel and passenger rights, the rise of inflation, the Rogers network outage, the decline in demand for housing and the increase in demand for rental housing. ---- THE 2022 NAUGHTY AND NICE LIST BY CANADIAN TAXPAYERS FEDERATION Jane Brown is joined byFranco Terrazzano, Federal Director of the Canadian Taxpayers Federation. To end the show, we do a recap of this year's naughty and nice list as compiled by the Canadian Taxpayers Federation. The list contains those who spent a lot of taxpayers' money and those who were more...responsible. Topping the list this time around is federal finance minister and deputy PM Chrystia Freeland, Governor General Mary Simon, Bank of Canada governor Tiff Macklem and others. Meanwhile, the nice list includes Alberta Premier Danielle Smith and Parliamentary Budget Officer Yves Giroux. Franco explains the rational on how these individuals made the cut. Listen live, weekdays from noon to 1, on Zoomer Radio!

New Money with Nathan Kennedy
Why Canada's Inflation Is Still OUT OF CONTROL For 2023…

New Money with Nathan Kennedy

Play Episode Listen Later Dec 26, 2022 6:59


If you want to get wealthy, check out Questrade to open your TFSA to start investing!   Use the link below as it helps the channel! https://www.questrade.com/?refid=62e0...   I am a fan of Wealthsimple Trade as well and if you do want to use them to open your TFSA, you can get $25 when you sign up using the link below! http://wealthsimple.sjv.io/ZoPQz ⁣⁣   You can also check out their robo-advisor Wealthsimple Invest which is one of the best in the game: http://wealthsimple.sjv.io/kyL7   Check out the link below for your own personal inflation rate calculator: https://www150.statcan.gc.ca/n1/pub/7...   Reach out to me at info@newmoneynate.com   The inflation in Canada is truly out of control heading into the new year and it looks like it's going to take some time for it to get under control. Inflation has been the number one economic concern of Canadians... For Canadians to feel better about the economy, we really need to figure out the inflation problem here. All we can do here in the Canadian economy stricken with inflation like the rest of the world is to hunker down, adjust spending and make sure we are in a good financial position to weather the inflationary and potential recessionary storms. I really hope you guys enjoyed this video on Canadian inflation and would love if you hit subscribe for more canadian economy and inflation coverage as we work through it! Sources: https://www.cbc.ca/news/business/infl... https://www150.statcan.gc.ca/n1/en/ca... https://www.statcan.gc.ca/en/subjects... https://www150.statcan.gc.ca/n1/daily...   The content and information contained on this website/social media page and any resources/material available for download through this website/page is not intended as, and shall not be understood or construed as, financial, investment, tax, legal or professional advice whatsoever. I am not a financial advisor, attorney, accountant, nor am I claiming to be, and the content and information contained on this website/page is not a substitute for financial, investment, tax or legal advice from a professional who is aware of all the facts and circumstances of your specific individual situation. Nothing on this website/page constitutes a comprehensive or complete statement of the matters that may be discussed or the law(s) relating thereto. Nathan Kennedy / New Money Nate Inc is not liable for any direct, indirect, incidental, consequential, special or punitive damages, under any theory of liability, including without limitation, damages for loss of profits, use, data, or loss of other intangibles. Nathan Kennedy / New Money Nate Inc will not be liable for damages of any kind resulting from your use of the website/page and content or material contained therein. Check out this video for more info on inflation canada, inflation canada, news canada today inflation, inflation rate canada, inflation canada news, bank of canada inflation mandate, canada inflation rates, canada inflation rate 2022, grocery inflation canada, bank of canada hikes rates and boosts inflation forecasts, interest rates inflation in canada, inflation rate hike canada, canada housing inflation 2022, inflation crisis prepare for 2022 canada, canada future inflation, deflation inflation interview canada journalist, inflation canada québec, canada inflation coming, bank of canada, Tiff Macklem, interest rate hike, interest rates, bank of canada interest rate, bank of canada interest rate raise and much more on the Canadian economy!

Maria Rekrut and All Things Real Estate
Maria Rekrut Radio Show - Dec 13, 2022

Maria Rekrut and All Things Real Estate

Play Episode Listen Later Dec 13, 2022 48:51


Maria Rekrut Radio Show - Dec 13, 2022 - This show discusses, All Things Real Estate, Finances, Crypto!! - Join me live today, Tuesday, Dec 13, 2022 from 12-1pm EST, on the Maria Rekrut Radio Show on https://rockmauritiusradio.com/ and let your voices be heard!! Call me on FB messenger and let me know what you think, you'll be live on my show!! See you in a bit!! Tiff Macklem's tough medicine:' Younger Canadians are becoming hardcore savers, poll finds https://www.msn.com/.../tiff-macklem-s.../ar-AA15e3KO... =mailsignout&pc=U591&cvid= Aggregate home prices will end 2023 down slightly for the year, Royal LePage projects https://financialpost.com/.../aggregate-home-prices-will... Mortgage defaults starting to hit the market: broker https://financialpost.com/.../mortgage-defaults-housing... Wall Street Silver @WallStreetSilv Klaus Schwab explains his plan to takeover corporations around the world and enforce his vision upon everyone. sound ... #WEF #KlausSchwab HT @backtolife_2023 https://twitter.com/i/status/1602348319283580939 --- Send in a voice message: https://anchor.fm/maria-rekrut/message

Bill Kelly Show
Crisis in Children's Hospitals continues, The Future of the Canadian Economy after latest BoC hike & Loblaws campaign leaves some peeved!

Bill Kelly Show

Play Episode Listen Later Dec 9, 2022 38:54


The Bill Kelly Show Podcast w/ Shiona Thompson: Topics Include: ·        Family waits 2 days at hospital ER before being admitted to children's hospital ·        McMaster children's Hospital gets ICU beds to cope with crisis ·        Red Cross sends personnel to Ottawa to help children's hospital GUEST: Bruce Squires, President of the McMaster Children's Hospital - Bank of Canada governor Tiff Macklem says he takes ‘no pleasure' in job losses that will result from hiking rates, but cooling the country's overheated economy comes first. Atkinson Fellow on the Future of Workers, Armine Yalnizyan interviewed the Bank of Canada governor Tiff Macklem on Nov. 24, 2022. She joined us to discuss the details. GUEST: Armine Yalnizyan, Economist and Atkinson Fellow on the Future of Workers - The corporation used the recent Giving Tuesday as an opportunity to ask customers to donate their Optimum loyalty points as part of a partnership with some local food bank charities, suggesting customers who collect PC Optimum points donate them directly to partnered charities. The idea didn't land with everyone and left some social media users fuming. GUEST: Marc Gordon, Customer Experience Expert

Scott and Kat After 9
So Many People Are Fantasizing About Delivery Drivers

Scott and Kat After 9

Play Episode Listen Later Nov 15, 2022 35:12


Today on the After 9 podcast: A lot of people are fantasizing about delivery drivers and couriers. There is a lettuce shortage. Tiff Macklem knows interest rates are hurting lower income Canadians and he doesn't care. Today the population hits 8 billion people. Why is there a shortage of children's pain meds? Remembering the late Rob Ford, former mayor of Toronto. Learn more about your ad choices. Visit megaphone.fm/adchoices

Policy and Rights
Tiff Macklem of the Bank of Canada on Evolving Markets

Policy and Rights

Play Episode Listen Later Nov 11, 2022 55:33


At an event organized by the Public Policy Forum (PPF) in Toronto, Bank of Canada governor Tiff Macklem delivers a speech and participates in a discussion on the evolution of Canadian labour markets. Following his address, Macklem takes questions from reporters. Also taking part in the event are Edward Greenspon (president and CEO of the PPF) and Mohamed Lachemi (president of Toronto Metropolitan University).

Bill Kelly Show
Triple Threat slamming our hospitals in Ontario, Bank of Canada governor speech, This week in Provincial Politics & Canadians stockpile food as prices rise!

Bill Kelly Show

Play Episode Listen Later Nov 11, 2022 48:55


The Bill Kelly Show Podcast: Warnings continue to come in across Ontario, as the triple threat of influenza, COVID-19 and RSV continue to slam our hospitals. Is it time to bring back to mask mandate?  GUEST: Dr. Isaac Bogoch, Staff Physician, General Internal Medicine and Infectious Diseases Associate Professor, Dept. of Medicine, University of Toronto - Canada's low unemployment rate is not sustainable and is contributing to decades-high inflation, Bank of Canada governor Tiff Macklem said during a speech in downtown Toronto Thursday. Speaking before students and researchers at Toronto Metropolitan University, the governor said the Canadian labour market needs to be rebalanced to stabilize inflation. GUEST: Moshe Lander, Senior Economics Lecturer, Concordia University - Topics Include: Ontario government introduce grade 6 Holacaust education Ontario education strike Ontario Greenbelt proposal to cut land for hmes And more…. GUEST: John Best, Publisher of The Bay Observer - Canadians are buying less expensive food, stockpiling food and even eating less to cope with food prices as inflation soars, according to a new survey. The survey, conducted by Nanos Research on behalf of CTV News, asked more than 1,000 Canadians if their household had used a cost-saving option in the past month in response to the price of food. GUEST: Janet Music, Research Program Coordinator at the Agri-Food Analytics Lab 

Real Talk
October 31, 2022 - Rate Hikes & Recession Risk: Stephanie Hughes; Elon Musk & Twitter: Charles Adler

Real Talk

Play Episode Listen Later Oct 31, 2022 59:40


0:40 | Happy Halloween! We get into some of the top Halloween costumes for 2022, including what Johnny saw behind the wheel during his morning commute. Send your Halloween photos to talk@ryanjespersen.com or tag @RealTalkRJ on Twitter or Instagram - we'll feature the best on Tuesday's show!  6:25 | The Bank of Canada's sixth rate hike of the year is just days old, and everybody's already talking about the next one. How much higher could interest rates rise, and what's dictating the decisions? Financial Post journalist Stephanie Hughes provides some clarity, including insight into BoC governor Tiff Macklem. CHECK OUT STEPHANIE'S REPORTING:  24:00 | We love when Real Talkers take the time to let us know what they think of the show. Meagan's message about living in the moment with our pets takes centre stage today. Email us anytime: talk@ryanjespersen.com 25:10 | Will Charles Adler pay $20/month to keep his "verified" blue check mark on Twitter, now that Elon Musk owns the site? We get to the heart of the matter - truth and democracy under threat - with the Titan of Talk. 55:36 | It's a Halloween edition of Positive Reflections, thanks to early photo and video submissions from Real Talkers like Andy, Bunsen, & Beaker! We'll keep the Show & Tell going into Tuesday, so don't be shy in sharing! Positive Reflections is presented Mondays on Real Talk by our friends at Kuby Renewable Energy. GET YOUR FREE SOLAR QUOTE TODAY: https://kubyenergy.ca/ REAL TALK ON APPLE PODCASTS: https://podcasts.apple.com/ca/podcast... REAL TALK ON SPOTIFY: https://open.spotify.com/show/03RyuWq... WEBSITE: https://ryanjespersen.com/ TWITTER: https://twitter.com/RealTalkRJ INSTAGRAM: https://www.instagram.com/RealTalkRJ/ TIKTOK: https://www.tiktok.com/@realtalkrj PATREON: https://www.patreon.com/ryanjespersen SUPPORT OUR SPONSORS: https://ryanjespersen.com/sponsors The views and opinions expressed in this show are those of the host and guests and do not necessarily reflect the position of Relay Communications Group Inc. or any affiliates.

Policy Speaking
Ep. 71: Monetary Policy Report with Tiff Macklem

Policy Speaking

Play Episode Listen Later Oct 28, 2022 38:21


In this special edition of Policy Speaking, Edward Greenspon, PPF president and CEO, is joined by Tiff Macklem, Governor of the Bank of Canada, to discuss the latest Monetary Policy Report. Against a backdrop of the sixth interest rate hike this year, Dr. Macklem discusses economic green shoots, maximum sustainable employment, the weight of expectations, historic inflationary lessons — and why he wishes he'd paid more attention in high school science classes.

Wonk
Ep. 71: Monetary Policy Report with Tiff Macklem

Wonk

Play Episode Listen Later Oct 28, 2022 38:26


In this special edition of Policy Speaking, Edward Greenspon, PPF president and CEO, is joined by Tiff Macklem, Governor of the Bank of Canada, to discuss the latest Monetary Policy Report. Against a backdrop of the sixth interest rate hike this year, Dr. Macklem discusses economic green shoots, maximum sustainable employment, the weight of expectations, historic inflationary lessons — and why he wishes he'd paid more attention in high school science classes.

Scott and Kat After 9
She Ordered a Halloween Decoration and Got This Instead

Scott and Kat After 9

Play Episode Listen Later Oct 27, 2022 36:57


In today's After 9 podcast: Kanye got booted from Sketchers. A Halloween decoration that a woman ordered turned out to be a blow-up sex doll. A man tried to return a lost wedding ring that he found. The boxed water folks are now adding wine. The University of Guelph is about to start growing and studying magic mushrooms. Tiff Macklem and the Bank of Canada raised interest rates again yesterday. People are suffering. Food Bank use in Canada is at an all time high. Learn more about your ad choices. Visit megaphone.fm/adchoices

Question d’intérêt
Entrevue avec le gouverneur de la Banque du Canada

Question d’intérêt

Play Episode Listen Later Oct 27, 2022 18:52


Le taux directeur de la Banque du Canada augmente encore et passe à 3,75 %; il s'agit de la sixième hausse depuis le début de l'année. Emprunter vous coûtera donc plus cher. L'objectif est de mettre fin à la flambée des prix. Néanmoins, peut-on contrôler l'inflation sans provoquer une récession? Gérald Fillion pose la question au gouverneur de la Banque du Canada, Tiff Macklem, dans une entrevue réalisée le mercredi 26 octobre à l'émission Zone économie.

Cost of Living
'Our biggest test in 30 years,' says Tiff Macklem on inflation fight

Cost of Living

Play Episode Listen Later Oct 7, 2022 27:05


The Governor of the Bank of Canada has raised interest rates at a rapid clip, trying to cool inflation. And it looks like it might be working — a little. But at what cost? Tiff Macklem joins Paul Haavarsrud to explain. Plus, we explore the growth of crowdsourced parcel shipping and not-so-extreme couponing.

The Loonie Hour
Bank of Canada Says Another Jump Rate Hike Coming in October

The Loonie Hour

Play Episode Listen Later Oct 7, 2022 62:41


Tiff Macklem says more rate hikes are coming and the job is not done yet. When was the last time a central bank engineered a soft landing? We are nearing a financial mishap. What do Canada's smartest housing people think about the future of the Real Estate market?

InfoBref actualité et affaires
Vendredi 7 octobre: le Québec manque de travailleurs en construction / Google lance le Pixel 7

InfoBref actualité et affaires

Play Episode Listen Later Oct 7, 2022 4:06


L'essentiel des nouvelles économiques, financières et technologiques aujourd'hui[texte complet ou presque, ni révisé ni corrigé à des fins de publication] Il faudrait doubler le nombre de travailleurs de la construction au Québec pour que le logement y devienne aussi abordable qu'il le devrait.C'est la conclusion à laquelle est arrivée la Société canadienne d'hypothèques et de logement. L'an dernier, un ménage québécois avec un revenu moyen consacrait 40% de son revenu disponible - après impôt - à son logement.La SCHL estime que, pour que le logement soit considéré comme abordable, la part de revenu qu'un ménage y consacre devrait descendre à 32%.Pour y parvenir d'ici 2030, la SCHL calcule qu'il faudrait construire 620 000 nouveaux logements au Québec.Mais elle constate que ce ne sera pas possible avec les travailleurs de la construction actuels: ils ne sont pas assez nombreux, il en faudrait deux fois plus.Le prix des propriétés résidentielles au Québec devrait avoir baissé, d'ici fin 2023, de 17% par rapport à leur dernier sommet, selon une analyse de Desjardins. Bien qu'importante, la baisse le serait donc moins que la précédente prévision de Desjardins, qui évoquait une possible diminution des prix de 25%. La Banque du Canada devra encore augmenter ses taux, a prévenu le gouverneur de l'institution Tiff Macklem. Selon lui, bien que l'économie commence à montrer des signes de ralentissement, l'inflation n'a pas beaucoup diminué, et les Canadiens s'attendent encore à ce qu'elle demeure élevée, d'où la nécessité d continuer à hausser les taux d'intérêt.L'entreprise américaine DoorDash étend son service de livraison à domicile à plus de 1000 magasins LoblawDoordash permet désormais de commander au Canada plus de 50 000 produits d'épicerie vendus par les bannières de Loblaw, dont au Québec les magasins des chaines Provigo et Maxi. Dans une entrevue au Globe and Mail, le président de Loblaw dit que le secteur des commandes en ligne va continuer de croitre «rapidement». Ottawa va enquêter sur les profits des épiceries canadiennes. La Chambre des communes charge un comité de se pencher sur le lien entre l'inflation, l'augmentation des prix en épicerie, et les profits des grandes chaînes d'épicerie au Canada.La Ville de Québec lance un nouveau concours entrepreneurial appelé Défi-Québec. Il s'adresse à des entreprises en démarrage qui innovent dans des projets liés à la relance commerciale et touristique ou au développement durable. Une centaine d'entreprises pourront chacune recevoir jusqu'à 50 000 $.Google a présenté hier ses nouveaux téléphones haut de gamme Pixel 7 et Pixel 7 Pro. Ils sont équipés de la deuxième génération du processeur Tensor, le G2, développé par Google, que l'entreprise présente comme une nette avancée en matière d'intelligence artificielle. Ces nouveaux modèles seront disponibles au Canada jeudi prochain, 13 octobre.---Pour plus de détails sur ces nouvelles et pour d'autres nouvelles: https://infobref.comPour vous abonner aux infolettres gratuites d'InfoBref: https://infobref.com/infolettresPour voir en vidéo notre épisode hebdomadaire «à retenir cette semaine»: https://bit.ly/infobref-youtubePour des commentaires et suggestions, ou pour commanditer InfoBref Affaires: editeur@infobref.com Hébergé par Acast. Visitez acast.com/privacy pour plus d'informations.

JMART CAST
JMART CAST #59 - BJJ Tournament Results, Personal Movement Practice, Tiff Macklem, Bank of England, Dr Aseem Malhotra, The Fiat Standard Excerpt

JMART CAST

Play Episode Listen Later Oct 3, 2022 42:23


JMART CAST is J-Mart's Monday Morning Podcast about his life and Bitcoin. Like Bill Burr but bettah :PToday's episode is about:Getting my hair braided before the BJJ tournamentGoing to a comedy and music show night before BJJ tournamentGetting 2nd place at BJJ tournamentMy thoughts about a personal movement practiceBank of Canada with another ridiculous twitter postBank of England saving pension funds by monetizing government debtA new study from the Journal of Insulin Resistance by Dr Aseem Malhotra on Covid vaccinesAn excerpt from The Fiat Standard on time preferenceConnect with J-Mart on Social MediaInstagram - https://www.instagram.com/jmartfit/​Twitter - https://twitter.com/jmartfitFacebook page - https://fb.me/jmartmoves​Medium page - https://jmartwrites.medium.com/Newsletter - newsletter@jmartfit.comYou can also check out my State of Health Podcast (health education geared) on the platform of your choice:Apple - https://podcasts.apple.com/ca/podcast/state-of-health/id1540500767Spotify - https://open.spotify.com/show/280adseGOPdxg6cZZrTqbR?si=gBPeEknXR0y7gW1DuZpSxQAmazon Music - https://music.amazon.ca/podcasts/01bb34c0-00a2-45e2-8627-95c32aba7c0e/state-of-healthStitcher - https://www.stitcher.com/show/state-of-healthGoogle Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5yZWRjaXJjbGUuY29tL2QzZGIwODYxLWJmODItNDc0Mi1iZGYzLWMyZDAxODQ4ODY2Ng==Referral LinksShakepay - Sign up with my link and we'll each get $10 to buy Bitcoin:https://shakepay.me/r/HNT0N6QLedn - Earn interest on your Bitcoin (could be risky to have someone else hold your Bitcoin for you though, be cautious)https://platform.ledn.io/join/c15adfd34db69ea38fcdbf571467c643Wild Meadows Farm — Amazing quality meat from a Southern Ontario farmhttps://wildmeadowsfarm.ca/register?referral_code=V2OMFtc5XYJdSupport this podcast at — https://redcircle.com/state-of-health/donationsMusic: www.bensound.com This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit jmartfit.substack.com

Western Context - News from Alberta, BC, and Canada
Western Context 282 – Strike One

Western Context - News from Alberta, BC, and Canada

Play Episode Listen Later Aug 21, 2022 47:51


Alberta is Calling for people to move to the province, electoral redistricting could see Toronto lose a seat, and the BCGEU strike forces rationing at BC liquor stores. Also, the Bank of Canada governor Tiff Macklem blames worker wages for inflation. Hosts: Shane and Patrick Duration: 47:51 For detailed show notes visit westerncontext.ca.

The Herle Burly
Kevin Carmichael

The Herle Burly

Play Episode Listen Later Aug 19, 2022 78:30


The Herle Burly was created by Air Quotes Media with support from our presenting sponsor TELUS, as well as CN Rail and Google Canada.Greetings Herle Burly-ites. This week, we have a returning guest of The Herle Burly– a distinction that makes him an official “Friend of the Pod”. It's mandatory. Whether he likes it or not, godamm*t. Kevin Carmichael is here. Kevin is Editor In Chief at the Financial Post and you don't get to that position unless you're one of Canada's leading, and award winning business journalists. He's also a member of the International Governance Innovation's roster of researchers and commentators. Here's where I'd like to take the conversation today: What else? Inflation. Where it's going. What the government might do to provide relief.Bank of Canada plans and Tiff Macklem's statement yesterday about wage growth.Then, the labour shortage. Why we have one, how we might resolve it, and the implications for the economy.And why is Minister Freeland and Finance so quiet through a tumultuous period like this?Thank you for joining us on #TheHerleBurly podcast. Please take a moment to give us a rating and review on iTunes, Spotify, Stitcher, Google Podcasts or your favourite podcast app.

Rebel News +
EZRA LEVANT | Tiff Macklem, Trudeau's man at the Bank of Canada, raises interest rates by 1%, and tells Canadians to lower their expectations

Rebel News +

Play Episode Listen Later Jul 16, 2022 39:22


Are you surprised that the man Justin Trudeau and Chrystia Freeland trust to make decisions about inflation and interests rates is “Tiff Macklem”? Who's he? Exactly. No-one elected him. He's like Theresa Tam — you didn't vote him in and you can't vote him out. GUEST: Climate Depot's Marc Morano on Sen. Joe Manchin blocking Biden's push for climate taxes.

Connexion With Howard Green
Governor of the Bank of Canada Tiff Macklem

Connexion With Howard Green

Play Episode Listen Later Apr 28, 2022 32:47


Connexion host Howard Green speaks with Tiff Macklem, Governor of the Bank of Canada, who recalls 1970s inflation as he and the Bank of Canada fight the inflation of today. 

The Loonie Hour
Canada's Housing Market in the Crosshairs of Tiff Macklem

The Loonie Hour

Play Episode Listen Later Apr 15, 2022 55:01


Canada's Housing Market in the Crosshairs of Tiff MacklemThe Bank of Canada raised rates by 50bps, the largest move in over 20 years. How far will they go? In this episode we discuss the likelihood of a financial mishap and the concerning outlook for the nations housing market. Listen to The Loonie Hour on your favourite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469 The Loonie Hour on Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9tZWRpYS5yc3MuY29tL3N0ZXZlL2ZlZWQueG1s#TheLoonieHour #Macroeconomics #PersonalFinanceCanada

Legally Blunt
The $10,000 Professional Baby-Namer, Why She Should've Been Hired By Tiff Macklem, And Nobody's Ever Been Sad Listening To A Shaggy Song

Legally Blunt

Play Episode Listen Later Apr 14, 2022 22:53


- There is someone who charges $10,000 to help name your baby! - Throwback Thursday Music Trivia goes back to all the BIGGEST songs of Eastertime - The new feature coming to Twitter, and the new episode of The Ultimatum that has EVERYBODY talking

Depictions Media
Bank of Canada governor Tiff Macklem discusses economic progress report – March 3, 2022

Depictions Media

Play Episode Listen Later Mar 3, 2022 50:27


Bank of Canada governor Tiff Macklem delivers a virtual economic progress report before the CFA Society Toronto. He is joined by the group's CEO, Sue Lemon. Macklem discusses the central bank's decision to raise its key interest rate from 0.25 to 0.5%. This is the bank's first interest rate increase since 2018. Following his remarks, the governor holds a news conference from Ottawa and takes questions on economic sanctions against Russia, the bank's steps to address inflation, and on Canada's supply chain.

The Decibel
The Bank of Canada's plan to cool inflation

The Decibel

Play Episode Listen Later Jan 27, 2022 14:42


In a surprising twist, at least in Bank of Canada news, the central bank decided on Wednesday to keep its key interest rate at a record low of 0.25 per cent. It was widely expected that the bank would announce a rate hike in order to cool Canada's soaring inflation.The Governor of the Bank of Canada, Tiff Macklem, did say interest rate hikes are coming in the near future – and that means borrowing costs are also going up.Mark Rendell covers the Bank of Canada, finance and economics for The Globe. He explains what the Bank of Canada's recent decision means. Plus, he'll get into just how our central bank works and its role in making our economy run smoothly.

Empire Club of Canada
End of Year Speech: Tiff Macklem, Governor of the Bank of Canada | Dec 15, 2021

Empire Club of Canada

Play Episode Listen Later Dec 15, 2021 48:20


The Empire Club of Canada Presents: End of Year Speech: Tiff Macklem, Governor of the Bank of Canada Speaker: Tiff Macklem, Governor of the Bank of Canada *The content presented is free of charge but please note that the Empire Club of Canada retains copyright. Neither the speeches themselves nor any part of their content may be used for any purpose other than personal interest or research without the explicit permission of the Empire Club of Canada.* *Views and Opinions Expressed Disclaimer: The views and opinions expressed by the speakers or panelists are those of the speakers or panelists and do not necessarily reflect or represent the official views and opinions, policy or position held by The Empire Club of Canada.*

CTV Question Period Podcast
CTV QP Podcast # 372: Bank of Canada vows to keep inflation under control

CTV Question Period Podcast

Play Episode Listen Later Nov 7, 2021 46:28


Host Evan Solomon discusses the week's top political stories with Bank of Canada governor Tiff Macklem; Environment and Climate Change Minister Steven Guilbeault; MP Marilyn Gladu; Calgary Mayor Jyoti Gondek; The Globe and Mail's Marieke Walsh; CTV News' Joyce Napier.

CFR On the Record
C. Peter McColough Series on International Economics With Tiff Macklem

CFR On the Record

Play Episode Listen Later Oct 7, 2021


Tiff Macklem of the Bank of Canada discusses the major trends and challenges facing the global financial architecture, what's at stake for Canada, and how to evolve it for the 21st century. The C. Peter McColough Series on International Economics brings the world's foremost economic policymakers and scholars to address members on current topics in international economics and U.S. monetary policy. This meeting series is presented by the Maurice R. Greenberg Center for Geoeconomic Studies.

Bright Morning

Hello, and welcome to the eighteenth issue of the Bright Morning newsletter. We hope that you all had a wonderful Easter weekend and, if you live in Ontario, enjoyed the first and last chance that you'll have to sit on a patio for at least the next four weeks (more on this shortly). In the meantime, we are always experimenting with new ways to both expand our audience and increase reader engagement. So, we would, once again, like to reach out to you for feedback. When you finish reading the article, please ask yourself the following questions: how did it make you feel to read our work? Did it brighten your morning (pun somewhat intended)? Or did it depress you? Did it feel like we were bombarding you with our opinions? Or did we leave enough room for thoughtful questions? Please reply to this email (contact@thebrightmorning.com) and let us know. There are no right or wrong answers, either. We just want to know how our audience feels about our work so that we know if we are meeting our goals.Finally, as always, please continue to share our work, and also sit back and enjoy the show as we dissect the events from the past week. | COVIDOntario: The Definition of InsanityThe Nitty Gritty:Ontario Premier, Doug Ford, ordered a new “shutdown” for the province to “slow the spread” of COVID-19At the time of this issues release, the Premier is threatening even stricter restrictions in the province; similar to the stay-at-home order from March 2020 (back when we knew nothing about the virus)There is a scene halfway through the 2012 video game Far Cry 3 where the main villain, Vaas - a sadistic warlord - describes to the protagonist, Jason Brody, the definition of insanity. “Insanity is doing the exact same f*ing thing, over and over again, expecting sh*t to change. That is crazy.” Setting aside the fact that this wisdom is coming to us from a video game, there is, admittedly, something timeless about this idea. That is, how can we expect others to take us seriously if we keep doing the exact same thing, over and over again, but expecting different results each time? Well, look no further than the Ontario Government, who now has implemented so many lockdown sequels that it will soon be on track to rival The Fast and Furious franchise. Except, for the people of Ontario, it does not look like “one last ride.”Last week, Premier Doug Ford ordered yet another province-wide “shutdown” (see, it's not a “lockdown” - it's different!) to act as a “circuit-breaker” and combat rising cases of COVID-19 in Ontario. This announcement came less than two weeks after Ford announced that restaurants in the “grey-level” of Ontario's tiered reopening system could host outdoor dining on their patios, while those in the “red-level” could increase their indoor capacity to 50%. It looks like we are eating our words from two weeks ago, when we said that Ford was “showing progress.” Mea culpa. So, you might ask, what is involved with this new “shutdown?” The full list can be found here, but the short version is that small businesses, once again, are getting the shaft. Restaurants cannot host indoor or outdoor dining, and gyms and personal care services must close down, because these three sectors are totally responsible for “superspreader” events (obvious sarcasm is obvious). At the same time, Ford and our favourite public health experts have decided that it is perfectly safe to continue walking around big box stores and liquor stores.There is nothing we can say that we have not already said before. However, at the risk of sounding “insane” ourselves, we will, once again, reiterate a very important question that Ford and Friends never answer (and legacy media outlets never ask) during the now-infamous daily briefings. Can anyone in charge, whether it is Ford himself or the public health bureaucrats whom he leans so hard on, demonstrate to the public how, exactly, the spread of COVID “variants of concern” is exacerbated by gyms, personal care services, or restaurants? Anyone at all? The businesses impacted by this new lockdown are also waiting for an answer to this question. Paola Girotti, chair of the Beauty United Council of Ontario, had this to say about Ford and the lockdown: “I think that there are other measures that this government can be doing to prevent the spread, including contact tracing. But I'm also really angry because he's specifically targeting our sector, gyms, and restaurants. And particularly in Toronto and Peel, we haven't even been open [since November]. We're not contributing to any of this spread, or these variants.” We do not agree with everything Girotti says, but we believe she is accurate here. Meanwhile, chef Michael Hunter, co-owner of Antler Kitchen & Bar in Toronto, sent Ford a $431.00 invoice for spoiled beer. The letter read: “two weeks ago, you assured Toronto restaurateurs that we were safe to open outdoor spaces to our diners. Having been locked down for over 100 days in Toronto, and competing with restaurants open for indoor dining just outside the city, we followed all the proper protocols and jumped at the chance to open. It was a path for our business to survive.” The Premier's Office did not respond.At the same time, the provincial government is also doing its best to infer that this third wave will wipe out the younger population, even though there is no data whatsoever to confirm this hypothesis. In fact, the main driver of this narrative is Dr. Michael Warner, who once said that we were in the midst of “World War Three” (definitely not hyperbole). Warner is now stating that this new “shutdown” will not work, and is even going so far as to suggest that we need tougher restrictions, such as the stay-at-home order that the province saw in January. Is this a responsible message to be advancing? Is it not misleading to suggest that young and healthy individuals are facing something akin to an existential risk during this third wave? According to the CDC, 78% of patients hospitalized with COVID-19 were either overweight or obese. Despite what Cosmopolitan magazine wants to suggest, obesity is not healthy. Therefore, instead of encouraging people to live sedentary lives at home - which is something that actually increases risk of hospitalization, should we be exposed to the virus - governments and public health officials should be encouraging people to get outside, exercise, and get healthier. The focus on the number of cases is also a smokescreen. Decisions should not be based around how many people get COVID-19, but rather who gets COVID-19. The government has had over one year to figure out how to protect vulnerable populations, yet they continue to recycle the same, ineffective lockdown strategies, where small businesses suffer, mental health deteriorates, and the virus continues to spread. Is this the definition of insanity? | POLITICSCanada: A Case Study in MismanagementWe have spent a lot of time in this newsletter critiquing the policies and practices of the Ontario government throughout the pandemic, but we cannot leave all of the blame at Doug Ford's doorstep. For what it's worth, Ford can only work with the resources that he is given, and if he wants to continue outsourcing his responsibilities as a leader to unelected public health bureaucrats, then he can suffer the consequences at the ballot box next year. But there is one person who we have left unexamined in a lot of our coverage: Prime Minister Justin Trudeau. Last week, Pierre Poilievre, an MP with the Conservative Party of Canada, gave a speech to Parliament in which he condemned Trudeau and the Liberal's handling of the pandemic, and the subsequent vaccine rollout plan. Please watch the video. (If you are interested, this is not the first time Poilievre has mopped the floor with Trudeau - here is another, unrelated example).The overarching theme of Poilievre's speech is that while the rest of the world is reopening, Canada is one of the only countries that is talking about (and enforcing) more lockdowns. For example, Taiwan has had the lowest COVID mortality rate, with only 7 deaths total, even though it is right next door to China - the country in which COVID originated. Furthermore, aside from a few short weeks of lockdown in March of last year, life in Taiwan has, for the most part, been normal. Then, south of the border, Washington - a state whose ideological inclinations are in alignment with the Trudeau government - has permitted the Seattle Mariners to host 9,000 fans in their stadium at an upcoming baseball game. Meanwhile, the Toronto Blue Jays will be hosting their baseball games in Florida - a state that has not even come close to leading the charge with COVID mortality rates, even though it has the oldest population. In other words, Florida is a state that has been governed properly, and now they are reaping the rewards of that good governance. Then, there is Canada - a country that has been managed so poorly that it now ranks amongst the highest in the misery index, with soaring increases in calls to suicide hotlines, overdoses, actual suicides, and unemployment. The list of embarrassments goes on and on. Again, we implore you to watch Poilivre's full speech.While all of this is occuring, Canadians are continuing to be threatened by the Trudeau government with forced quarantine, at their own cost, in government-designated hotels if they dare to travel outside of the country (even if they are vaccinated and present negative PCR tests). To date, the Trudeau government has presented zero evidence to support their justification for these hotels, and there have now been multiple reports of sexual assaults occurring within these facilities, as reported by MP Michelle Rempel Garner. At the same time, it has been reported that the Government of Canada is paying “influencers” to praise the federal response to the pandemic on social media in an attempt to protect its reputation. So, what can we conclude from all of this? To summarize, while the rest of the world is reopening, Canada is enforcing more lockdowns. Vaccine distribution has been mismanaged because Trudeau chose to invest in Chinese companies that ended up producing nothing. Travellers are being fined large sums of money for refusing to stay in government-mandated quarantine hotels, even though they have been vaccinated. On top of all of this, Canada now ranks higher in the misery index, even though it was once described by the UN as one of the best places to live. What do Canadians have to show for this? What have our sacrifices over the past year meant? Speaking honestly, not much. Unless, of course, we are satisfied by Trudeau's tweets, where he assures us that “in the meantime, with new restrictions coming into place in various parts of the country, know that we're going to be here for you.” Okay.| ECONOMYThe Canadian Housing Market: The Elephant in the RoomThe Nitty Gritty:The cost of purchasing a home in Ontario (and all over North America) continues to soar, creating bubble-era concerns over the state of the economySo far, this article has focused heavily on the response to COVID at the federal and provincial levels, but I would now like to direct your attention to what everyone knows is a problem, but leaders often ignore: the housing market. Anyone who lives in Ontario knows that the housing market has become somewhat of a runaway train. About three months ago, I was prepared to put in an offer on a small condo in the East End of Hamilton. The condo was small (about 500 square feet), but it was well-maintained and it was obvious that the homeowner cared for the place. It was priced somewhat high (about $259,000), but it was not unaffordable. It looked like a perfect starter home, where a young person, like myself, could enter the housing market and start building equity. However, within the first 24 hours of the condo being listed, it was clear that a bidding war was forming. When all was said and done, the condo sold for over $100,000 over the asking price. That's right. A 500 square foot apartment-style condo, in a working class neighbourhood, in a city that has struggled to develop a modern economy, sold for almost $400,000. You might think that I am just another bitter millennial complaining about the cost of living, but I know that I am not the first (or the last) person who this has happened to. In fact, I would be surprised if readers found someone who does not have a story like this. In the Canadian housing market, it is now expected that prospective homebuyers will have to cough up an additional $100,000 (and in some cases, $200,000) over the asking price. How on earth is this happening? And why?When the pandemic first hit us last year, I naively assumed that the situation would create an opportunity to enter the housing market, but the opposite happened. Housing prices skyrocketed. To a certain extent, this made sense - with the transition to working-from-home, those who were living in urban centres wanted to trade in their highrise condos for more space in the suburbs. However, we are more than a year into this trend, and there are no signs of it slowing down. The housing market has become so unaffordable that the Bank of Canada has decided to weigh in on the issue. Calling the situation “worrying,” the Bank of Canada said that citizens are “taking on too much debt to buy into the nation's hot housing market.” The Governor of the Bank of Canada, Tiff Macklem, also said “there is evidence that loan levels relative to home values are growing - an indication that borrowers could be overextending.” He warned that “people have begun to make purchases based on the belief that prices will continue rising.” In other words, a bubble is forming. Meanwhile, the federal government continues to fumble around the issue - as they have been doing for the past several years. Trudeau's solution is to place a tax on foreign non-resident homeowners, but considering that he has danced around this issue since he took office in 2015, I will not hold my breath. I do, however, hope that if and when the bubble bursts, it does not leave us in a situation that is similar to the housing market collapse of 2008 (depicted beautifully in the 2015 film The Big Short). This, combined with the government spending that continues to occur during the pandemic, could leave Canada in rough waters. I hope that I am wrong, but as Pierre Poilievre said about the issue, “when even the people causing the housing bubble are worried about it, you know we are in trouble.”This leaves us some final questions: where is the incentive for investment in Canada? With interminable lockdowns, unaffordable housing, and taxes that are going nowhere but up, how could we turn this around? What could we do to steer the country in a more positive vision? Will it be up to the working and middle classes to clean up this mess? Is that the point? | EXTRASFurther Listening

#thisisbrokering
Ep. 159.1 Bank of Canada Comments

#thisisbrokering

Play Episode Listen Later Feb 24, 2021 12:08


Tiff Macklem made some important comments recently, CBC made a critical error in their reporting, and no... Prime will not be increased to slow the market and the market will not be cooling anytime soon.

The Recovery Project
The Big Picture for Canada

The Recovery Project

Play Episode Listen Later Apr 8, 2020 42:01


Listen to our first livestream discussion as we take a look at the Big Picture for Canada. As we start to think about the long tail of this pandemic, what macroeconomic forces are at play in Canada, and how will they shape the transition to recovery? Featuring insight from: Tiff Macklem, Dean, Roman School of Management Kevin Page, President, Institute for Fiscal Studies and Democracy The Hon. Anne McLellan, Senior Advisor, Bennett Jones LLP Heather Scoffield, Ottawa Bureau Chief, Toronto Star

Canadian Club of Toronto
Ontario CEO Panel, Steve Carlisle, Mary Ellen Anderson and Bruce Flatt, moderated by Tiff Macklem and Kilian Berz

Canadian Club of Toronto

Play Episode Listen Later Sep 21, 2017 46:27


The Future is not destiny: CEO perspectives on realizing Ontario's potential