Episode 14: Trump’s Trade Tariffs: The Hidden Threat to Canadian Mortgages

In this episode, Alex Pang and Alex Shanks dive into October’s market updates, big policy announcements, and viewer questions. From rising home sales to Trump’s latest plans, we explore how these changes impact Canadians and the broader economy.

• October Housing Market Update
• Interest Rate Outlook
• Immigration, GST Holidays, and Government Moves
• From December 14 to February 15, the federal government is removing GST on the following items:
  • Restaurant meals, snacks, and alcohol (under 7% ABV).
  • Toys, video game consoles, and Christmas trees.
  • Children’s clothing, shoes, car seats, and diapers.
• Chrystia Freeland calls this a move to fight the "vibecession":
  • A term describing the public’s negative perception of the economy, despite data suggesting otherwise.
• $250 cheques for those with incomes under $150K – will these measures earn the Liberals your vote?
• What about removing the carbon tax altogether to save even more?
• BC Developer in Receivership
  • Developer Thind enters receivership with $305M in debt, impacting multiple projects in the Lower Mainland.
  • Is this the beginning of a trend? More developers could be in trouble soon.
• Trump Wins US Election
  • Markets rally as Trump promises:
    • Corporate tax cuts.
    • Reduced government spending.
• Trump appoints Elon Musk and Vivek Ramaswamy to lead his Department of Government Efficiency (DOGE):
  • Discussing partnerships with Argentina’s Javier Millei to cut government waste.
  • Can Canada learn from this? Who would be in our DOGE – Kevin O'Leary? Jim Pattison?
• Tariffs incoming:
  • 10% on goods from China.
  • 25% on goods from Mexico and Canada until action is taken on drugs and illegal migration.
  • Potential impacts on the Canadian dollar and trade.

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