“I would not rule out the Canadian dollar falling briefly through the end of the year and then beginning to rally after the inauguration date next year,” says Schamotta, noting that the Canadian dollar historically does well when the U.S. economy is growing. Schamotta says Canada’s economy is underperforming the U.S. due to higher consumer debt which is stifling business investment. He predicts the loonie could drop another two to three per cent before the end of the year. https://www.bnnbloomberg.ca/business/2024/11/13/loonie-slips-to-4-year-low-of-71-cents-and-could-go-lower-karl-schamotta/

The number two at Canada’s central bank just made it clear she isn’t a policy cheerleader, like the Governor has been in recent months. Bank of Canada (BoC) Deputy Governor Carolyn Rogers addressed finance professionals at the Economic Club of Canada last week, explaining the usual mortgage market risks. It got more interesting when she trekked into the rarely discussed issue of cheap credit and extended amortizations and how they actually erode affordability, even though politicians claim otherwise. The Deputy Governor warned policymakers that “there’s no free lunch,” and tinkering with the mortgage market can have the opposite impact while amplifying longer term risks to households, and the greater economy. https://betterdwelling.com/bank-of-canada-warns-policymakers-against-tinkering-with-mortgages/

On the other side, the Russians are suggesting that it is actually the U.S. and the U.K. that are preparing to start attacking undersea Internet cables… Of course if the undersea cables that connect one global superpower to the Internet get hit, they will probably start cutting key undersea cables that connect their enemies to the Internet. Needless to say, such a scenario would have the potential to turn apocalyptic very rapidly. So who is telling the truth? I don’t know. https://activistpost.com/2024/11/if-they-cut-the-undersea-cables-that-connect-us-to-the-internet-will-it-crash-the-global-economy.html

This is the Patten also in Canada its all the same, The size of government in the economy increases both during and after a recession. Taxes constantly rise, but debt rises faster. Upside-down economics. The Biden-Harris administration has followed exactly the policies of the Greek, Spanish, and French socialists into an election year prior to their countries’ crises. The strategy involves inflating the GDP through excessive government spending, creating an uncontrollable deficit during a period of economic recovery, and masking employment through government jobs financed by increased debt. In the process, the printing of money results in the highest inflation in decades. https://activistpost.com/2024/11/how-do-you-create-a-recession.html

Here's another one you can add to the left's ever-growing list of 'do as I say, not as I do'. A senior COP29 official in Azerbaijan reportedly used his role as heading up the fight on climate change...to secure meetings with potential investors in the country’s oil and gas sectors. Energy production drives 60% of Azerbaijan's economy. Elnur Soltanov, Azerbaijan’s deputy energy minister and COP29 chief, was covertly recorded discussing investment opportunities in the state-owned SOCAR, according to PJ Media. https://www.zerohedge.com/markets/senior-cop-climate-change-official-caught-tape-seeking-do-business-oil-and-gas-companies

The Shadow Economy Of The Shadow Government: BlackRock https://old.bitchute.com/video/s4No9ShYEiI1/

Canada’s annual health care spending is expected to hit $372 billion this year, a new record high and a dramatic jump from the increases estimated for the previous two years. The Canadian Institute for Health Information released its National health expenditure trends report on Thursday, detailing that total health spending is expected to cost around $9,054 per Canadian in 2024. “It is anticipated that health expenditures will represent 12.4% of Canada’s gross domestic product (GDP) in 2024. https://tnc.news/2024/11/07/healthcare-spending-oecd-outpacing-economy/

N.W.T. profitted $14 million on carbon tax after payouts: report! Of all the provinces and territories, only the N.W.T.’s economy benefits from the carbon tax ($14 million). However, fuel and home heating bills are through the roof for rural locales. 🇨🇦 #NoMoreLiberalsAndNDP 🇨🇦 🇨🇦 #SayingTheQuietPartOutLoud 🇨🇦 🇨🇦 #resigntrudeau 🇨🇦 🇨🇦 #JustSayNoMore 🇨🇦 https://www.rebelnews.com/n_w_t_profitted_14_million_on_carbon_tax_after_payouts_report

It's still ALL in the CBDC, Can US banks really stop BRICS’ new payment system, or is this the dollar’s endgame? As BRICS nations push forward with their innovative payment system to bypass the dollar and the SWIFT network, the U.S. financial sector is responding with concerns and potential roadblocks. This video dives into the details of the BRICS payment system—led by major economies like China, Russia, and India—and what it means for the future of the dollar in global trade. Are we witnessing the first steps towards de-dollarization and a major shift in the world economy? https://odysee.com/@BitcoinTimez:2/can-the-us-banks-stop-brics-new-payment:8

A good monsoon season is expected to boost crop yields this year, pumping more money into the rural economy. This will likely drive stronger demand for both gold and silver. Rural silver consumption accounts for around two-thirds of total Indian demand. Record gold prices also boosted silver demand in India, particularly silver jewelry sales. https://activistpost.com/2024/10/indian-silver-demand-drives-record-prices.html