Canadian Economy in Chaos: Trade War, Falling Loonie and Consumer Debt

This week, Vince breaks down the devastating impact of Donald Trump's trade tariffs on Canada's economy, from plummeting consumer confidence and a 7% drop in the loonie to rising costs of living and falling mortgage rates. With businesses slamming the brakes on investment and housing sales freezing, the country is heading into a recession due to the unpredictability of these tariffs. As the cost of groceries, cars, and imported goods rises, and with interest rates dropping in response to economic panic, Canada faces a financial crisis that’s only getting worse.

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