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The Problem with Canada’s Economy | Canadian Economy

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Hi! Awesome people of the internet br-Comments and suggestions are welcome br-Please share videos with people who you think might enjoy this content br-Don't forget to subscribe for more economics content! brYou are awesome :) Comment from : Econ

The problem is a few rich dicks profit from destroying the labour markets Comment from : Chon Connor

The Canadian dream is for Justin Trudeau to leave politics and the country Comment from : Alton Crane

The Gini Index is finaced by those who work given to those who laugh at those who work Child support from the government is 800 per month per child Comment from : steveu235

The canadian government is supporter of terrorists The Karma will hit it really hard Comment from : sunil ojha

The average income is not 80k a year Comment from : Frank Kriegbaum

RESIDENTS DON’T HAVE JOBS WE HAVE A HOUSING ISSUE HEALTHCARE SYSTEM IS BROKEN RESIDENTS ARE PLANNING TO LEAVE CANADA Comment from : Rabdita Kaur

Mummy is being sucked up by ether government or government policies brDoes not care about Canadians brTurning Canada into a third world country for the elites agenda WEF the forth economic revolution brYou have to destroy the current system and society Comment from : Garry Gorden

I used to think every investor went broke during recessions, meanwhile some make millions I also thought everybody went out of business during the Great Depression, but some went into business Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset That said, I've set asides $145k to invest for future, unfortunately l'm a complete noob Comment from : Janelle Jacob

"perceived as one of the least corrupt countries in the world" -lmao those people need to take off their blinders Comment from : Mark Drisch

hey Mr genius in Canada people don't die because the hospital's won't let you die kuz you don't have money 🤷‍♂️ Comment from : geddy450

Canada suffers from the worst cases of price gouging until it kills the customer/employee in the world Virtually every industry, every aspect of life has things like arbitrage prices of consumer goods that are over double the price in the US We have the highest prices for internet and phone service in the world Landlords gouge more than any other country on earth Food prices reach $100/kg for beef, even though half the habitable fraction of the country is covered in cowsbrbrThat gouging means every citizen here is either clinging desperately to their home as their only possible means to cost abatement, or is on the verge of homelessness Comment from : Daniel Lewis

Health care is the one that is trouble, not owning an overpriced building Comment from : Daddy Tube

It’s the two Trudeaus fault Comment from : daveouterspace

All the problems began in 2015, year in wich Trudeau started his government Comment from : Camilo Torres

“Democratic government”?brSure Jan Comment from : Filip Andric

Students DON’T go to canadabrbrInternational students are exploited with fake employment opportunities for their more than three times fees for college tuition just to pay canadas healthcare and unemployment benefits They just want students to pay fees and leave canadabrbrMost big companies in major countries offer training period at job because each company and industry is different But canada has almost no training period Eg, Millwrights - they expect Millwrights to know everything about the job from day 1 But each industry is different, like construction, manufacturing-production, maintenance and also differs from industry wise brBut employers only want licensed workers who know everything from day 1 Thats why positions never fill and worker shortagebrAlso there’s racism Good position jobs are only for Canada born people Where they clearly lack performance/output when compared to international talentbrbrMostly Labour/manual jobs are available for immigrants brbrEmployers and government need flexibilitybrbrTrudeau sinked Canada in just 8 years Comment from : Enceladus

The immigration is part of business brWithout the yearly new immigrants the economy especially the housing the banking brAnd cheap labour industry will suffer brAutomobile industry will suffer brEducational institutes who get their money from foreign students will suffer brbrThe government doesnt have to give subsidies for international students brSo they are not a burden brBut the local national students are a burden on the government brAnd when move out of country after their education brThe investment their government made does not pay off in terms of intellect brBanks benefit from new comers brBecause the new comers have new energy and urge for buying brThey work the next 20 years and pay interest brBuy cars brRent houses brBla bla brbrCanada needs to increase basic salaries brAnd make better opportunities for business investmentbrThere is too much paper work brIn that way u cannot promote local and foreign investment brbrbrOne of the main sources of income is goods transport brTrucking businessbrIt had good earnings brBut people have too sacrifice their social life brBeing for days away from family brbrThe trucking business has sufferedbrAfter the petroleum increase brOverall the goods transport has suffered brBecause of increasing prices brbrIf it were not for Chinese and foreign shipments brbrThe trucking business would Comment from : Rabah Sahi

Thanks for the analysis Jarvis Comment from : Crowy

a friend from Canada once told me a truth: Canada is full of mediocres and US expats Comment from : DAVID LEE

Massive immigration also play a role in diminishing canadians' quality of life Comment from : Justin M

Under Trudeau, every canadian is getting poorerquick Comment from : Justin M

The economic situation in Canada isn't really well summarized by an 11 minute video generalizing the entire country like this There are massive regional income and productivity disparities between provinces, with worker productivity, median income, and GDP per capita being highest in the province in Alberta, and lowest the east coast maritime provinces Quebec being rather poor overall (compared to Ontario), and it's place in the federation is a whole other discussion worthy of an entire video series related to Canadian economic problems Canada is also not a typical federation; the provinces have a very large degree of autonomy and jurisdiction over affairs within their border than other subnational units in other federations So yeah, as a Canadian with an academic background in economics and political science, I have to say that this video is a gross oversimplification, just something to note for anyone that may not know much about Canada Comment from : Matt

canada least corrupt gouvernement in the world, wtf is that lol Comment from : Kenny Deschenes

The problem with Canada’s economy is housing Doug Ford scrapped rent controls for anything build after Nov 2018 His developer buddies can raise rents to whatever they want In Niagara… a modest 2 bedroom unit just got hit with a rent $9500 as an f/u to the tenants These crazy rents become the “fair market price”… and realtors use these crazy numbers to justify outrageous home prices… For the commissionbrbrIt’s a Conservative issue… not a Trudeau issue Housing is provincial brbrBtw… higher house costs means higher commercial costs Store fronts Manufacturing Warehousing Transport All have land costs All gets passed along to the consumer brbrBlame the right people Comment from : George Alexander

10:11 is Bangkok Thailand You can see the Esse Asoke Residential tower on the left Comment from : regan garizurieta

continue voting Liberal, your country isn't in the bottom of the toilet just yet brgood luck! Comment from : Roy Weatherby

There's no inflation problem say it properly Trudeau carbon taxes and over immigration with out homes for people has sparked higher prices You cannot put 44 percent on deasil and expect cheap groceries Comment from : Marv Kwia

4:36 Not the full picture Canadian capital is so much more risk adverse compared to the US VCs in Canada might as well be private equity - there’s almost no sense of “venture” at all What capital there is tends to be funnelled through a small number of gatekeepers who all have ties to government, resulting in a non-diverse pool of lookalike investee companies that are basically guided by the most conservative capitalists imaginable The most innovative startups started in Canada choose to flee to the US for a reason It’s like any uber-talented, globally minded, ambitious kid growing up in a small, parochial town - they need to get away as far as possible to realize their potential Comment from : mensrea

Canada has a massive problem and it is the politicians currently in power They have contributed to the economy crash with their self serving policies and the basically unlimited immigration!!! You don't see politicians struggling Ibet most of them are significantly increasing their personal worth while 90 or more of the population are going backwards fast br The point will come where people will revolt and throw out the baby with the bathwater and a massive social change will happen The current elites will all cease to exist of become invisible Comment from : Tim Lewis

This above mentioned Video Article is depended on my Canadian National Interest, by the Luke's 2:3 OWN CITY, for myToronto DUAL, Canadian Extra Ordinary National Descent Citizens, in the Continent of America; for I am a BORN an IDENTITY from my Biological Father, who is a Canadian Ordinary National Citizen, by DECEASED Registration ACT'S and CONSTITUTION'S International LAW, in CANADA; therefore, as soon as possible, when I am in Canada, I am shall write a Perfect Economical Advice, Commentary to THIS Video Article; Typed At 01: 46,AM; On 5 September 2023 Comment from : Dominic Wesley

Canada is run by a numbskull, that’s why Comment from : mitchtavio

Trudeau is here to save the day! Comment from : baka baka

Just because corruption is not well reported does not make a country the least corrupt, just better at hiding it, through gag orders on media outlets, when corruption is found within the liberal party Comment from : Black Stars

Greedy politicians, city coucils and corporate board rooms are the downfall of Canada brLike many of my generation, if you didn't get ahead years ago, you're stuck now I will likely emigrate away from Canada while it get's filled up with immigrants brI am a tradesman Comment from : Metalblaze124

If canada has enough land to build house why it doesn’t handover to people to build by own, they need make it free Comment from : Manjeet singh

0:33: 80 of the Canadian population lives within 100 miles of the US border, with 50 living just south of this line br0:47: Real estate, mining, and manufacturing are the largest industries in Canada, concentrated in areas where economic activities are available br1:10: House prices in Canada have doubled since the financial crisis, fueled by government stimulus and low interest rates, leading to concerns about affordability and a majority of non-homeowners giving up on owning a home br5:51: Canadian businesses spend less on capital and R&D compared to their US counterparts br6:06: The US produces double the number of patents per person than Canada br6:18: Canada's income per person is significantly lower than America's, although income inequality is lower in Canada brRecap by Tammy AI Comment from : Lily

this sounds like ai generated voice Comment from : ika

Isn't a good deal of this not exactly a fair comparison because of the Canadian government ensures the welfare of its citizens with a quite hardy social safety net? Americans are essentially 'on their own' with their so called large $80,000 a year average Comment from : Kyle Reese

JUSTIN TRUDEAU AND THE LIBERAL GOVERNMENT IS THE PROBLEM WITH CANADA"S ECONOMY JUSTIN TRUDEAU IS A CRIMINAL ALONG WITH HIS GOVERNMENT Comment from : MemphisRocks1

Boring class on Cannada Economics Comment from : panduranga rao

Cannucks are nothing but the shit on the american shoe 😉brStay safe from fires cannucks😜 Comment from : Alain Marceux

the most productive industry US has in printing reserve currency of the world 💲💲💰💰💵💵🤑🤑 Comment from : A Z

What was that about “democratic and polite” government? Polite, maybe But highly corrupted and inefficient Truedo should be in prison! Comment from : Dick Butt

The problem is trudeau Comment from : D D

Stable, democratic govt Lol Comment from : AHEngineering

The problembrIs the liberal ndp party taxing us upon taxing us We can not survive this We need help we need an election Comment from : Mydude

The news about Canada's economy collapse is not new the media are currently being inundated with the news of economic meltdown It takes a lot to look past the sea of ​​headlines and focus on what's important: No matter how low stock prices fall, they keep rising I completely ignore all news and continue to invest I recently set aside $40,000 to invest in the market as we anticipate a collapse Do you have any suggestions? Comment from : Rochelle Trembly

Whats wrong with the worlds economy? Comment from : kimberley mansfield

US average income is 31000, where did they get 80000? Comment from : Unicornosaurus

The home has since ancient times been a base, and work to secure a foundation has been as extension of the household The current system reverses this relationship, such that the house as the object to be attained through work We can renew capitalism by reappraising housing as a separate form of currency, setting housing outside of the market as it should be Comment from : Olson Twain

What the hell wrong with Canada? Wake up Comment from : Allen Hill

The problem economy in canada is RELIGIONSwe try to get rid of but by immigration we let it inGODS DO NOT EXISTAnd now it's time to also get rid of CAPITALISMAnd make A BIRTH CONTROLThis EARTH is OVER PopulatedEven in 15 of june,this already give what 3 billions humans needBut we are 8 billions on this earthCapitalism and religions want you to make more childrenyou see now that they don't work for you but for themThey will also die with us by doing that,but they wont go to a better place than us because heaven is PURE imagination as HELLReligions where created to controle (slaves) those who had no hope ! Comment from : Jean-Yves Chartier

I agreed with everything up until the end when it said our banks are prudent and well regulated and we have a stable democratic government and are regarded as the least corrupt 😂😂 I'm sorry, when was this written?? Damn Comment from : Tess OBrien

You didn't even bother converting from CAD to USD and vice versa You don't earn 33 more pre tax, you earn nearly DOUBLE by being in AmericabrbrIt's so much worse than you're explaining Comment from : The Philosophers Stoned

Canada has focused too long on being a raw resource economy with the world brbrTax policies in Canada are also high cost to businesses and people The per capita number of civil servants to population is grossly high And that only 2/3 of the population actually work for income … and you have a lot of dead weight that the workers are paying to upkeep Most people are paying 40 cents of every dollar on taxes This type of taxation makes the country unattractive to high income earners who could pay a lot less taxes in the USA and get a better lifestyle in the USA because everything is cheaper down there Comment from : Davidjune1970

You can reduce this to a youtube short just by saying Trudeua and his party f-d up really hard and Canadians are paying the price Comment from : starscreen85

As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated Comment from : Grace Ocean

Call the election now why wait ? Comment from : Craig Graham

The problem with Canada's economy Liberals Comment from : waterloojew

Canada is also the 38th most populous country in the world while the US is 3rdbrMakes sense for some of the differences between the two Comment from : DimeTheDude

this is a good summary of the economic issues Canada faces right now Comment from : LiveInnerCity - Calgary Real Estate

what's wrong with the narrator's voice? AI? Comment from : 8-bitB

3:52 Hey! I can see my house! I live in Sarnia There's the casino to the right and my dad's boat is parked in the marina just oast there Hello to port Huron from you're canadian neighbors!!?😂👍 Comment from : ClappOnUpp

Indigenous people holding it hostage and not allowing us to properly develop our natural resources? Comment from : Touring Wizard

Canada doesn’t have a corrupt government? Trudeau is the definition of corruption Comment from : Anonymous

And Trudeau Liberals made things worse than ever these past 8 years Comment from : Anonymous

For all Non-Canadian's watching this video Please listen to my warning!!! Do not let socialist's run your country They'll destroy it and run it into the ground Our country is destroyed by bringing in left wing "progressive" politicians Comment from : Ian Moone

95 of the US economy is in North America Mexico and Canada are America's largest trading partnersbrbr🇺🇸🇨🇦🇲🇽brbrBy 2100 the population of these three countries will be larger than China 😮brbrbrWho ya going to call? Comment from : Michael Henault

The Problem with Canada’s Economy ?brbrThat's simpleit's Liberal "Policy" and government stupidity Comment from : CanonFodder

Canada is also the most educated in the world , most educated women as well Comment from : Your Nanna

Canadian PhD in AI here, China pays me 1m rmb($200k), Canada pays me $110k with huge tax Which should I choose?😂😂 Comment from : Asurastrike

The problem with the Canadian economy is Trudeau & the Liberal/NDP coalition! Comment from : Theresa Hyshka

It's understandable that you have concerns about the current economic and global challenges, as well as the political power struggle in the UN Comment from : Walter Anthony

Forget owning a home I've given up on the idea of having a bag full of groceries! Comment from : Xxx Xxx

The problem is we have a prime minister who thinks budgets balance themselves Obviously Justin Trudeau can't do mathematics, he also can't keep his marriage together either, and he can't keep his hands out of criminals pockets Comment from : Xxx Xxx

our country is a fucking joke Comment from : gamerx112

That’s easy Quit voting liberals in office it’s been proven all over the world progressive ideas destroy economies Canada has a version of penis envy with the US they want to prove how smart and cultured The country is shit and people are leaving Comment from : curtis sande

I studied engineering in college After graduating, I could not find a job in my field Most products in Canada are imported, thus companies do not bother developing their own tech or spend money on R&D I ended up giving up, and switching careersbrbrWe just don’t have much of an entrepreneurial drive here in Canada Comment from : Alex S

Trudeau decade interesting Comment from : Pudjambe

How can Canada have such a messed up Prim minster Trudeau sad how he running Canada down and the people Comment from : Ben Johnson

Whats wrong Liberals Comment from : ArturioR

A perfect storm is brewing in Canada Inflation, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place It's all coming together and it could lead to a real disaster towards the end of this year (or sooner) With inflation currently at about 6, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains Comment from : Emmanuel Cage

Just get rid of Trudeau and these stats will auto-increase Comment from : Michael van den Berg

canadians are make great profit from real estate, finance and forein student, too comfortable to invest on technology and innnovation Comment from : qi zhang

Untroubled by excessive competition, yes, we all know, take a look at our mortgage structure It’s a money maker While strangling the person making the payments Comment from : Bern L

inflations, goverment printing money, scandals, premier with huge ethics problemswhat you are talking aboutCanada in Harper time???brBecause NOW, Canadians are desperate, milions on food banksbrTrudo is destroying our beautiful Canada Comment from : Borjana Nadlacki

now do australia Comment from : t000lish

People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on? Comment from : Edna

Easy trudeau is the problem no doubt Comment from : marcel Allarie

Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of It's not surprising negative market sentiment is so high now We really need help to survive in this Economy Comment from : Benoit Massicotte

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