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The problem with Canadian economy is………TRUDEAU!!!

If this video wasn't about Canada you could very well believe that this video was about Australia. We are pretty much the same. There are too many selfish idiots in this country who want to get rich quick through property investing. As a result of this everyone is mortgaged up to their eyeballs in debt. People think that owning investment properties means you're some sort of god. If we didn't have any resources our entire economy would be focussed on building homes. The thing is, the houses that builders build in this country are terrible. They don't insulate well, the materials used are crap, the workmanship is poor. People on average now take out mortgages 6-7x their income. To keep property booming we open the floodgates for immigrants. The societal landscape of our country is changing for the worse. Looking around Melbourne and Sydney, most people are either Chinese or Indian now. These people run away from their countries (which they think are crap compared to the West) and then they buy houses here resulting in people born in Australia losing out.\n\nThe entire thing is a god damn ponzi scheme.

NIMBYs & Cronyism.\n\nThat's the problem with Canada's economy. That's it.

Historically, Canada's economy has been driven by exporting raw materials. Consequently, the country lacks infrastructure to enable other markets and the populace lacks imagination and skills in other arenas that might drive innovation. We are not an intellectually sophisticated people.

Canada still uses 70s and 80s mentality when operating the country.\nImmigration is important, but is managed extremely poorly. Many new migrants struggle to find a home and to get the proper documents to establish themselves, like the rest of us.\nCanada allowed foreign buyers to buy properties and lands, which have driven the housing market to an insane level we see today. Canadians have to go into debt just to have a roof.\nThe current government spend too much time/money trying to look morally correct than actually doing his freaking job to balance the economy. I don't understand why Toronto and Montreal still vote for that drama teacher who is as horrendous as his father was in the 1980s. Now all we have as an alternative is a neanderthal from the conservative party.

In 2009 I questioned if I could ever own a home but I was still working hard at my career and had some hope if I met the right women to marry. Then along came Justin Trudeau. Within 2 years of his goverment that dream faded fast. Everything I saved and my individual salary still wasn't enough. Property taxes and carbon taxes make it absolutely impossible here in southern Ontario even far a small home not without trying. I always get out bid on the 316 homes I tried to purchase. I can't pay 30%-70% above market value on a single income. Turning in my pensions isn't even an option. I'm not gambling away my retirement with current crrupt Liberal goverment that continues to raise taxes. To give some an idea just how single parents are crushed on taxes. I pay 53% of my income on taxes and get almost nothing back when filing my taxes cause I work hard and excel in my career. I get punished for being a hard work and risking my life to do so. Living in Canada has gotten gradually worse and worse the last 8 years. The socialist way of life isn't good. Now the writing is on the wall that it's becoming a communist country. I'm now searching for employment opportunities south of the border to give my child the best chance to making her dreams a reality. Canada isn't giving me any other options. If everything works out in the US I will surrender my Canadian citizenship at the earliest availability. It breaks my heart but I just can't allow them to enslave me and my child as she becomes an adult. Slavery is the only way I can describe the last 8 years. Also to top it all off 6 if the last 8 year's basic goverment services have been extremely unstable making doing business with Canada very frustrating. Getting a passport during this time has been delay after delay. Finding a family doctor that is stable almost impossible. \n\nCanada's economy status looks good from a far but its really far from good. Our goverment is literally paying 10s of billions in tax dollars to draw auto makers here and to even keep them here. Just further proof the economic future is very unstable. Probably even more so then the housing market. \n\nOur PM isn't even hiding his goverments level of corruption anymore. He actually brags about it at home and on the world stage. \n\n\nI worry about my future more then planing for it. Hopelessness has definitely set in. Now I'm in damage control by no fault of my own to make sure no possible debt are passed on to my daughter in the next 25 years when I'm gone. Even that is looking to be unachievable in my particular situation. It's my worst nightmare to leave my kid with any owing debts.

Considering our economy is doing better than most of the G7 countries I am not going to dump on our government for a world economic issue. Our idiot in charge is not responsible for the world economic downturn despite far right opinion....

The only problem with Canada's economy is Trudeau and Freeland if you get rid of them Canada's economy would be fantastic.

So whats the problem with Canadas economy? You just spent the entire video describing how America's economy is stronger. No shit Sherlock, its stronger than everyones and always has been. Whats the point?

I can assure you, as a long time Canadian, our banks are not well regulated, nor the strongest economy, nor have a stable democratic government, nor polite people, nor a good business environment, and DEFINITELY not one of the most uncorrupted countries, I find it rather comical you even said that.

I can tell you the problem with the Canadian economy in 10 seconds flat. Justin Trudeau

The problem with our economy is quite simple, its our prime minister

Canada made an economy based off lying to immigrants about life here to sell them houses. \n\nIt appeals very well to some demographics cause they view the passport as a status symbol. It’s also why there are so many universities but I don’t understand why people feel ?? has a strength in education.

This is very surface-level analysis. If you want to dive into why Canada's economy is so uncompetitive you have to look at its constitutional framework. Inter-provincial trade is more difficult in Canada compared to Trade in the states or the EU because NAFTA, and the EU trade agreement are more efficient compared to inter-provincial trade frameworks the senate estimates these barriers cost the economy $150b in GDP per year. By comparison, Australia with a similar constitutional structure to Canada managed to harmonize many of its inter-state/ territory regulations leading to increased GDP growth and has long outperformed the Canadian economy. Furthermore, Canada's indigenous rights framework is far to restrictive in terms of allowing the governments to actually govern. This has cost us billions in FDI in projects tossed out by the courts and projects that will simply never be considered due to political and regulatory risks. \n\nThat said, if Canada wanted to improve this situation without meddling in the constitution one thing they can do is to allow housing to catch up to the population. We have the fewest number of dwelling per capita in the G7 in the highest population growth in the G7. This is a recipe for a housing shortage which ensures that a lot of capital will flow into the housing sector simply because it offers promising returns relative to the risk of operating a business. I believe Canada grew by over 1,000,000 residents in 2022 however we had 240,000 housing starts (4 residents per dwelling) and average house size here is 2.51 residents per dwelling. \n\nThat disconnect between housing starts (see regulatory framework above as to why we can't build enough houses) will just cause more capital to flow to the sectors making the business investment environment worse.

When you live next door to country who can print trillions upon trillions of dollars to pump up its globally socialized economy... then said country exports their inflation into your central bank... it will drain the country dry.

Canada has a way better economy than the USA by a long shot.

80% of the problems with canada economy are ultimately tied back to the mind boggeling and nation breaking amounts of immigration.

The last time my landlord came to collect rent, I invited him to come up to my apartment to show him I was taking good care of the place (and to hopefully discourage him from renovicting me at some point in the future). He said he didn't have time, as he had to go collect rent from 11 or 12 of his other properties around the city. He also mentioned that he had never seen the inside of my apartment before (despite the fact that he owns it). He has only been in the country for a few years, but apparently he already owned a lot of land here before immigrating. He's a very nice guy, but I can't help but feel that there's something seriously wrong with this picture. We can't base our entire national economy on selling our land and resources to rich foreigners while we produce nothing of actual value.

You could've made this video 4 seconds long...\nThe problem with Canada's economy: It's socialist. Done.

The price a dozen egg I used to by for 2.99 has become 4.29! That is the economy in micro level showing where the economy is shifting! Owning a home? Ha!

Imagine having an economy based so heavily on housing...it cannot possibly be sustainable. The fact that nobody wants to live outside of Toronto, MTL, Vancouver or other big cities doesn't help. The only reason people buy houses in places like Barrie or Hamilton is because they can no longer afford anything in Toronto or the immediate suburbs. \n\nThe future of Canada is 5 giant mega-metropolises, with undeveloped wilderness everywhere else.

The problem with Canada's economy is Trudeuau himself.

The problem with Canada's economy is that one guy who's evil and all-powerful but also incompetent and completely feckless, somehow.

Canada also has a leader that cares more about pronouns and issues like that rather than issues that impact the economy

The problems with Canada economy:\n1. It’s being run by Canadians

Canada using immigrants as fuel to keep up ⬆️ its economy. The country where the exploitation of the new immigrants has on the rise.

The difference is the quality of life in Canada is ranked by multiple organizations as significantly better than in the US. Better Education, Public Healthcare, and a strong economy mean less stress. Health Insurance in the US is hugely expensive. Incomes may be higher in the US, but so are things like the Health insurance, prescriptions etc. Canada has fewer bankruptcies if someone gets sick, and better social benefits for things like maternity leave... We don't have the huge population, but we also don't have many of the huge problems, like large racial conflicts, high crime rates, gun violence and economic discrepancies... And let's not even mention the vast political polarization in the US fed by disinformation and a free-for all social network where 'truth' long ago became not important, whereas winning is everything. Even if a former president needs to organize an attack on Congress... Overall Canada is a more desirable place to live.

The problem with Canada's economy is Justin Trudeau

The problem with our economy is we have a group of mentally challenged rejects in charge of it.

The problem with Canada’s economy is TurdO and not so Freeland or better yet liberal/NDP politicians

I'm Canadian and it's really weird, Canada seems to love suffocating innovative home grown companies. Smart Canadians who can, tend to leave the country. Our current federal government is failing the Canadian economy and we're not really sure what to do about it

I already knew that Canada had a lot of in common with Australia but this an another thing we have in common. We're not as entrepreneurial and innovative as the US but we have a resources economy and people tend to invest in property (because it's a safe investment).\n\nI would still much rather live in Australia or Canada than the US though. Universal health care, for example.

The problem with Canada is the high immigration rate overwhelming all infrastructure including housing and health care and keeping the construction ponzi scheme going - occupying far too much of the economy.

The problem with Canada,s Economy is Justin Trudeau and the liberals have mismanagement it.

The problem with our economy is Trudeau

The problem with Canada economy is the crime minister and his sheep

Foreign interests from the U.S. has deteriorated the economy here, and everyone is so busy trying to live that no one has the time to point it out. And so much of our country is propped up by the states ON PURPOSE so that the states can basically claim us. It's tiring.

I think Canada economy is not as flawed as this video propose. Instead I would say that Canada as develop a strange equilibrium by surfing on the American economy. It does not need to take risk : to be entrepreneurial, to pay for research. AKA, Canada is out sourcing the risk out of its economy and I wouldn't be surprise if Canada is always performing relatively better when recessions happen.

measuring with aggregate data is convenient, but rarely tells the whole picture. its nonsense to compare overall productivity with the US because the US far outclasses virtually every nation on earth. Economies of scale, location, market development, and industries involved also heavily skew in favour of the US through no fault of the Canadians.

The problem is there is no diversification. We're still primarily a raw minerals resource based economy at the whims of markets and trends. (namely the world is switching off oil), China produces it's own Rape Seeds (Canola) and also outmanuvered us. We need to diversify and modernize. We just blown a decade and billions of dollars on oil and gas pipelines that nobody wants. \n\nWe've also failed to intergrate Indigenous government's economies and they went and did their own deals. Like Blackfoot nations dealing with Japan for food and livestock feed, and other growing Indigenous nations.

Canada economy if built for the 1970 or 80’s

Apartments are getting built up left & right, as far as I see in both Toronto & Montreal and their suburbs. In 2020 the price of a single bedroom in Longui.... Long-island just over the navigation channel from Montreal sold for $ 110,000, with a maintenance fee of just $ 250 monthly, which includes hydro (electric power) and electric heating, insurance on shared parts, a generous underground parking large for 2 small cars or a large car & motorcycle, indoor heated pool, gym, sauna.... and that large bedroom some have split in two because why not!\nSure, the same thing sells nowadays for double, but as new developments go up, the price HAS TO come down. I locked in the rent so I'm somewhat insulated, but high rents are a huge drag on the economy. Those Have To be pulled back too, or immigrants will go for friendlier shores. If cheap housing isn't available, there's No Cheap Labor to be had, and North America was Built on Cheap labor (as far as the people already here were concerned; in relation with the usual wage in immigrants' homeland, it was a really good deal).

Don't let them come! I know that there are some great Venezuelans out there but there are also some criminals who just try to take advantage of the situation. If immigration happens, it has to be in order and planned. Other SouthAmerican countries took the massive immigration as a way to help Venezuela and ended messing up their economies and lives of their inhabitants. Nothing against Venzuelan, but against massive and irresponsible immigration. They should fight their own government with that same strength.

Good let them through. We need workers to help our economy. Since everybody thinks they can get rich of social media here

STAY home save life's and worry about the economy later, remember this say in 2020,2021,2022??? So many fools (People/brain washed) believe it and now we all paying the price for it...

That was an excellent summary of the Canadian economy and its strengths and Weaknesses. Thank you, great job!

Canada like Russia and Australia suffer from the Dutch disease. Mining and agricultural assets should be taxed and the money used to diversify the economy housing should cease to be an asset class and become a choice between renting or buying.

Housing speculation is one of the greatest misallocations of capital ever in Canada. People are being rewarded as their home prices increase while literally contributing nothing to the economy. What product was made? What innovation or increase in quality of life was there? Landlords and employers are exploiting immigrants for rent and cheap labor. The government is happy to go along with record immigration as long as tax revenue is increasing.

“Canada remains one of the strongest economies in the world”…. Right after proving that it absolutely isn’t.

As a Canadian myself living in this country for over 30 years... the problem here is that Canada have a diversed industry but because the country itself is so small (population wise) that none of these industries reached economies of scale. While Canada has regions rich with natural resources, all they do is extracted it, sell it to U.S. and then buy the producted that was produced by these raw materials back at a higher cost. The political structure of Canada doesn't help either: Each region essencially specialized in a few industries (Alberta Oil, Ontario Finance, the Alantic provice's fisheries and oil refineries) and there's equalization payment... meaning if one province is doing well... they don't get to reinvest it back into its infrastructure but rather have to spread some of the excess revenue to other failing provinces... this doesn't incentized productivity but rather leads to a race to the bottom where provinces would want to spend their way to get some of that equalization payment money. Also the provinces themselves doesn't have a unifying economic agenda... Alberta's oil could be best served to be refined out east and then shipped but British Columbia doesn't want pipelines and oil shipping facilities on their coastline... and Quebec isn't interested in having a pipeline either so there's nowhere by the oil but to go down to the states. Finally the province of Quebec( which is french speaking and have their own culture and language) isn't interested in the overall prosperity of Canada at all but rather to extract as much special privilages, rights, and money from the Federal government... and even to declare independance from the Rest of Canada.