The economic divergence between Canada and the U.S. is growing wider: portfolio manager

We expect higher inflation in Canada versus the U.S. in 2024-2025, says Jean-Francois Tardif, Founder and portfolio Manager, Timelo Investment Management. The Canadian dollar go much lower within 10 years – down to 50 cents – if Canada doesn’t change direction, says Tardif.

Connect with BNN Bloomberg:
--
BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.

[esparda]

Looking forward to the Canadian Peso.
The lady is really trying to tone this down but the Jean is not sugarcoating it. Good man.

[peej]

He’s absolutely right. The high quality ones Canada wants have options and when those people don’t have options they will leave Canada

[andrewmccoll]

Why can't people on this show just call out the lunacy of the Federal Govt' and label a spade a spade

[guestuser]

Canada has a child for a leader. And it shows how shallow our voter base is.

[HodgeChris]

The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.

[kuruptzZz]

Canada has gone downhill big time in the last 8-10 years. A house is over $1 million, rent is $2500/month, taxes and interest rates are sky high, our healthcare system is beyond overwhelmed, every job listing I see on linked in has several hundred applicants for 1 position...what a disaster!

[farinshore]

No reason to produce in Canada. Cost of living gives us no incentive.

[devstatingx]

Why the hell would anyone invest in canadumb

[winstonskafte]

Canada needs 75% reduction in government and 50% in tax .

[dipro]

"People are not productive" is always because they are not being paid enough. Why will a young Canadian go and work hard if he knows that he will never own a house, raise a family? Might as well enjoy the moment and play video games.

[ColCurtis]

It's our government. Pierre tried his hardest to destroy our country, and now Justin is finishing his father's work

[john_doe_not_found]

Government as a major employer is foolish. Government has no incentive to get maximum productivity from their workers. Many government jobs are basically just workfare: created to create jobs for the sake of keeping people employed.
But employing people in this way is wasteful. Paying someone a 100k/yr salary so they can sit around doing bare minimum work at a job that shouldn't even exist is a drag on productivity. Having tax payers pay that person's salary is unfair to tax payers.
Jobs in the public sector should be assessed and cut where cutting is appropriate. Using new office software and AI driven tools should allow higher productivity and then cut the wasteful jobs. If that means half the public sector gets laid off, then so be it. Plan for it and make it happen.

[jptrainor]

For the last five years I have repeatedly told my four young adult kids to educate themselves so that leaving is, at least, an option because the writing in Canada was on the wall. And the electorate won't change unless and until they experience a serious shock. We may be deep enough in that shock now, but I dont have faith that the electorate cannot be swayed by yet more impossible and unrealistic promises from the same politicians that created this mess.

[gklex]

Don't worry, the budget will balance itself.

[nfoleg]

Carbon tax is too low and not enough people living on the streets.

[ShaneWood-go]

Trudeau.
Please do the right thing if you really love Canada.
RESIGN NOW.

[Martin-qmlg]

Canada is living above its means and doesn't have the wealth and growth to support the standards expects. The focus has to be on economic growth, productivity, and competitiveness. The government must do major spending cuts, for example reducing the size of government through firing the enormous amount of government employees that Trudeau has done. There are jobs for these people in the private sector. Canada must get its spending under control and make tough cuts and changes to invest in productivity and business growth. Taxes are way too high. Everything is wrong and Canada is heading in the wrong direction and faces a crisis. It's become an Argentina of the north.

[antoxa.]

Our country is managed by a clown who thinks the budget will balance itself and a minister of finance who doesn't know how much the country is spending on interest payments every year. Add the fact that we have one of the highest tax rates in the world, and they constantly going up. What fool would invest their money into a country like that? Thank god that we have the option to invest in the US.

[chrisogden]

Invest in USA with your tfsa. F Canada and Trudeau

[DanielFreeMan]

The problem in Canada is the government regulations that is dumbing down business and investments with ridiculous rules and taxes