Show Notes
British Columbia is facing a record $13.8 billion budget deficit, mounting tax pressures, and a struggling housing market. With the October 24 election approaching, we sit down with B.C. Conservative Leader Lorne Doerkson to discuss the province's fiscal challenges, the NDP's tax policies, housing affordability, stalled development, the rampant crime and drug use, and the future of investment in British Columbia. We also examine the political shakeup in Quebec, rising global bond yields, mounting concerns over government debt, and the Canadian dollar's weakness against the U.S. dollar. Could higher long-term interest rates put even more pressure on Canada's economy and housing market?
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Timestamps: 00:00 Introduction 07:17 British Columbia's Political and Economic Outlook 13:29 Lorne Doerkson Joins The Show 22:48 B.C.'s Record Deficit and Tax Policies 24:49 Infrastructure Spending and Government Priorities 26:37 Unsold Condos and B.C.'s Housing Crisis 30:39 Construction Costs and Housing Affordability 35:07 Natural Resources and Investment in B.C. 40:46 Crime, Drugs, and Public Safety 47:10 B.C. Election Takeaways 48:30 Quebec's Political Shakeup 53:10 Population Growth and Immigration 54:58 The Loonie Hour Live Events 57:10 Global Bond Yields Continue to Rise 01:03:41 Government Debt and Rising Borrowing Costs 01:07:37 Canadian Dollar Under Pressure 01:14:02 Market Volatility and Investor Positioning 01:18:12 Closing Remarks
Disclaimer: The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets.
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