The following video is brought to you courtesy of the financial argument YouTube Channel. Click the video below to watch it now.
However, Canadians are seriously at risk in the event of a global recession.
In 2017, Canada’s finance minister exclaimed that the Canadian economy was “firing on all cylinders.” The IMF forecast Canada would lead all other G-7 nations in economic growth. Things certainly seemed rosy.
Now years have passed, and the data is proving that Canada’s economy is not as robust as expected. In fact, it’s in a very dangerous position.
They’re in a situation where they’re not able to ride out the financial storm.
A downturn in the economy could have a significant bearing on the government’s fiscal plans.
Even if you don’t pay close attention to the stock market, last news may have caught your attention.
The main stock indexes in Canada and the U.S. both plummeted in their worst day of the year, and economic analysts are worried that a global recession could be around the corner.
There isn’t just one reason to worry. Several financial indicators from around the world have been linked to the international drop and the possibility of an extended financial crisis.
China is prosecuting the conflict by punishing Canada as a US surrogate, while the US is punishing both Huawei and its customer Iran.
There are three main takeaways for Canada in this: the world is truly shifting, their current foreign policy is inadequate, and they’re going to have to get serious about defending their interests.
Economics has released data suggesting that the Canada housing bubble will eventually pop, leading to a big drop in home prices.
Now rates are rising, and many heavily indebted households are feeling crunched. In 2018, the Bank of Canada increased its benchmark rate three times to 1.75 per cent.
Another two or three hikes are expected in 2019. For the first time in a quarter century, households are having to renew their mortgages at rates that are higher than when they first signed.
Canadians are finally getting a taste of what a world with rising interest rates will look like, and one thing is painfully clear: we’re not ready for what happens next
How to Protect Yourself From the Next Financial Crisis?
Please follow financial argument …
Hopefully, by now you realize the importance of being prepared for the financial crisis. Be sure to check out my videos on economic collapse & stock market crash preparation, and don’t forget to like and share this video.
August Disaster! Stock Market Crash Of 2019: We’re On The Verge Of An Even Bigger Financial Crisis
Billions Lost !! The U.S. Economy Is In Financial Crisis Mode Now – More Confirmation For Recession
The Next FINANCIAL CRISIS Will Occur In 2019. Be Ready For 2020 Recession & Stock Market Crash
The U.S. Is On Another FINANCIAL CRISIS On 2019 Stock Market Will Crash This Summer. 2020 Recession
Fears of A FINANCIAL CRISIS & RECESSION Continue to Grow As Federal Reserve Indicators
JAMES RICKARDS : Economic Collapse Will Start As Late As December 31,2019 Stock Market Will Crash
PAUL CRAIG ROBERTS : US ECONOMY ABOUT THE COLLAPSE:
13 Scary Things that Happen When an Economy Collapses:
10 Things You Must Do Before The Dollar Collapses : https://www.youtube.com/watch?v=mEWmQW4Sp8E
** (DISCLAIMER: The financial and political opinions expressed in this video are not necessarily of “Financial Argument” or its staff. Opinions expressed in this video do not constitute personalized investment advice and should not be relied on for making investment decisions.) **
Donate to Financial Argument: https://www.patreon.com/financialargument
* * * * *
Financial Report Date: August 2019
* * * * *
Follow us on Twitter
Like us on Facebook: https://www.facebook.com/financialargument/
Financial Argument: https://financialargument.net
* * * * *
Are You Prepared For The Coming Economic Collapse And The Next Great Depression or Financial Crisis ?
It is to say that economic developments, financial crisis, stock market crash and stock market collapse speculations, changes in gold prices could lose all of your investments or it can make you money.
Financial Argument shares many experts ‘ assessments and predictions about financial developments with you every day with current videos.
All you have to do is follow the “Financial Argument” channel and subscribe it.
In order to support us, please do not forget to like our videos and comment it with on your own views.Finally, you can visit our website address;
and social media accounts for more financial news.
#financialcrisis #canada #housingbubble