Welcome to the latest episode of Make Money Count! In this episode, Marcus & Justin discuss the complex intersection of tariffs, real estate, and interest rates, breaking down their impact on the U.S. and Canadian economies. Here’s a quick rundown of what we discussed:
Tariffs and Economic Uncertainty
The U.S. under President Trump has implemented tough tariff strategies, skipping normal diplomatic steps. Even the threat of tariffs can lead to economic instability that affects the stock market, interest rates, and real estate. Will these still-looming tariffs also result in changes to Canadian monetary policies and affect home prices in the coming months?
Canada’s Role in U.S. Trade
Canada’s significant contribution to the U.S. trade deficit highlights its heavy reliance on the U.S. market. This growing awareness could prompt a reassessment of trade practices, especially in industries like oil refining. Could this shift influence Canada’s long-term economic strategy?
Impact on Real Estate and Business Investment
Tariffs and trade tensions are fueling economic instability, leading to declining bond yields and reduced business investments. Could this impact interest rates and housing prices across North America?
Canada’s Strategy: Time for Action
Canada should adopt a more proactive economic strategy instead of just hoping for the best. What impact could this have, and how can Canada lessen its dependence on the U.S. to build a stronger, more resilient economy?
At Cannect, we’re here to help you navigate these changes with expert advice and tailored solutions. Whether you’re investing, securing financing, or planning for your next move, we’ve got you covered.
Get in touch with Cannect today, and let us help you make smart financial decisions!