Inflation Down, Fed Cuts, U.S. GDP, Loonie Falls, Freeland Out, Trump Wants Canada as a State
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In this episode, Canada’s inflation cooled to 1.9% in November, but sticky core inflation at 2.7% raises questions for the Bank of Canada. With transportation costs rising and food inflation easing, what will the central bank do next?
Also in this episode:
🌎 US Economy Outperforms Expectations: U.S. GDP growth hit 3.1% in Q3, the strongest in 2024, driven by consumer spending and investment gains. Can this momentum last into Q4?
📉 Fed Cuts Rates Again: The Fed lowered interest rates but signaled fewer cuts in 2025. Growth projections remain optimistic, but will markets stay patient amid slower rate changes?
📉 Loonie Hits 5-Year Low: The Canadian dollar dropped to its lowest since 2020, pressured by domestic uncertainty and a strong U.S. dollar. What’s next for Canada’s currency?
🤯 Freeland Resigns Amid Deficit Drama: Chrystia Freeland quit as finance minister, slamming Trudeau’s priorities as Canada’s deficit balloons to $61.9 billion. Is a confidence vote on the horizon?
🔥 Trump’s Canada Comments Stir Tensions: Donald Trump taunts Canada amid political and economic chaos, hinting at steep tariffs and taking jabs at Trudeau. Could this escalate further?
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