I've watched several videos about Canada and people are complaining about how high the rents are. Even the actual Canadians that sees that there's something wrong and cope up with the situation are leaving.
I guess that each country has the same problem as them but it's just more vulgar since it's their citizens that are putting it up on the internet and it cannot be hidden.
Even in the nearby provinces, there have been some videos I've seen that they're also starting to get up. But I haven't got a clue, got some people that I know personally there that stays and not telling a single thing about the situation there. Well, they're just there for work so maybe that's it and they can still keep up with the inflation.
Topic: How do we profit from Canadian recession? (Read 240 times)
The mortgage market in Canada is nothing like the USA. We don’t have fixed 30 year rates. We got basically variable or fixed up to 5 years. Generally most go for 3-5 year fixed.
So pretty much the same as UK, although here, 2-year option was the most popular, but when the rate-hikes started, things got a bit weird and the 5-year fixed had actually lower rates than the 2-year.
Those that are in pain are those that chose 5 year variable because their payments might of doubled.
That's what happened in my native Poland where most mortgages are at variable rates. Things were really ugly.
And those that were smart are still in fear because when they renew they won’t get their 1.5% rate anymore but instead will get a 6% rate.
Not much anyone can do about that, other than re-pay as much as possible at lower rates, which is not necessarily good advice though if have savings/bonds options available that could pay above the 6%.
And the high rates are not all that scary if wages increase at the same (or higher) rates. The real problem is the insanely high house prices.
Housing is so expensive there that a small 25bps hike can have huge consequences for many home owners. And if they are not home owners they are landlords which just pass on these costs to the tenants.
What's the mortgage market like in Canada? Is it similar to the US where the vast majority of mortgages have a fixed rate throughout the entire period of the mortgage, or is it more like in the UK where the most popular ones are either 2 or 5 years fixed? Or maybe it's more like in some EU countries where most buyers would be on variable rates (which is insane, if you ask me)?
The mortgage market in Canada is nothing like the USA. We don’t have fixed 30 year rates. We got basically variable or fixed up to 5 years. Generally most go for 3-5 year fixed.
Those that are in pain are those that chose 5 year variable because their payments might of doubled. And those that were smart are still in fear because when they renew they won’t get their 1.5% rate anymore but instead will get a 6% rate.
It would of been one thing if these houses were affordable but I am talking about $750K mortgages which is the average home right now in Canada.
You can invest in TSX stocks for the long term because people who continue to invest for the long term will profit after coming out of the recession.
Yes, investing in stock is good for long-term investment like other reach people did. But, you must specific, what stock you want to invest in. If I have money and live in Canada, I would buy Air Canada stock. I read that article about how good aviation stock in the future. in my country, there are several people getting rich by investing in aviation stock. Maybe is not much, but the growth of the aviation business is gradually growing after covid-19. As we can see today how many people traveling by plane between countries, which I think buying Air Canada stock is quite potential for get profit on future.But I don't understand why we should seek to invest in Canada just because that country is in recession? When it comes to stocks, we have thousands of good tokens to invest in, especially tech stocks with a good history of growth. As for real estate, it's even more impossible because we don't live there, and don't know exactly what the situation is like there. Following media news is not enough information to invest.
In short, the end goal is still profit, while if we have good knowledge and only focus on a market like cryptocurrencies, we can make a profit, no need to waste time researching something we don't often learn about. Unless OP is living in Canada.
You must have good capital and the patience to continue and buy more shares with every decline. Of course, the shares will continue to fall and you will think that you are a loser, but in the end, after the recession ends, the shares will rise again and you will get big profits.
Thanks for your input, but, as stated in the OP, I was talking about a more conventional approach, i.e. shorting the assets that you expect to go down, rather than buying them, losing money and hoping they'll go back up at some point in the future.
And no, you don't need a massive capital for that. You could just play with whatever you have available.
Of course, whether you already own the assets or not, you do not need a large capital if you want to take the short sale option instead of risking waiting and losing the value of the shares.
However, if you like risk and have enough money you can follow both approaches, short selling assets that you expect will actually fall in value in the short term, and buying depressed stocks of companies that you expect will rise in value in the future in the long term.
You can invest in TSX stocks for the long term because people who continue to invest for the long term will profit after coming out of the recession.
Yes, investing in stock is good for long-term investment like other reach people did. But, you must specific, what stock you want to invest in. If I have money and live in Canada, I would buy Air Canada stock. I read that article about how good aviation stock in the future. in my country, there are several people getting rich by investing in aviation stock. Maybe is not much, but the growth of the aviation business is gradually growing after covid-19. As we can see today how many people traveling by plane between countries, which I think buying Air Canada stock is quite potential for get profit on future. You must have good capital and the patience to continue and buy more shares with every decline. Of course, the shares will continue to fall and you will think that you are a loser, but in the end, after the recession ends, the shares will rise again and you will get big profits.
Thanks for your input, but, as stated in the OP, I was talking about a more conventional approach, i.e. shorting the assets that you expect to go down, rather than buying them, losing money and hoping they'll go back up at some point in the future.
And no, you don't need a massive capital for that. You could just play with whatever you have available.
If you want to benefit from the recession, you must first have good capital, and it is better to have more than one source of income, secondly, you must take risks, and thirdly, you must be patient in the long term.
You can invest in TSX stocks for the long term because people who continue to invest for the long term will profit after coming out of the recession.
You must have good capital and the patience to continue and buy more shares with every decline. Of course, the shares will continue to fall and you will think that you are a loser, but in the end, after the recession ends, the shares will rise again and you will get big profits.
You can invest in TSX stocks for the long term because people who continue to invest for the long term will profit after coming out of the recession.
You must have good capital and the patience to continue and buy more shares with every decline. Of course, the shares will continue to fall and you will think that you are a loser, but in the end, after the recession ends, the shares will rise again and you will get big profits.
Housing is so expensive there that a small 25bps hike can have huge consequences for many home owners. And if they are not home owners they are landlords which just pass on these costs to the tenants.
What's the mortgage market like in Canada? Is it similar to the US where the vast majority of mortgages have a fixed rate throughout the entire period of the mortgage, or is it more like in the UK where the most popular ones are either 2 or 5 years fixed? Or maybe it's more like in some EU countries where most buyers would be on variable rates (which is insane, if you ask me)?
One of the biggest economies globally, it's true but best or most healthiest, I am unsure about it.
Canada is like other big nations, have very unhealthy economies but it is better than the United States and some other big nations.
~snip~
Canada is like other big nations, have very unhealthy economies but it is better than the United States and some other big nations.
~snip~
All large countries are more or less affected by the recession as a result of what happened during the pandemic, but also years before - the debts simply came due. Here in Europe, it is not at all popular to talk about Germany being in trouble, because everyone knows what that means for the EU, not to mention the members called PIGS (Portugal, Italy, Greece, Spain) that the ECB has been saving for years and with which a lot other members are not satisfied.
I can only talk about it from what I read, and considering that a lot of tourists from the EU were in my country like every year, most of them complain about the prices and that it is not the same as before - but is it something new that already didn't we know? What I hear these days is that some countries will soon be hit by a new wave of price increases, because the summer was terribly hot in Europe with a lot of destructive storms, and producers will use every excuse to raise prices.
Today we had basically 2 premiers of the 2 provinces which have the largest housing bubbles basically writing a letter to the bank of Canada, begging not to raise rates next week.
Rates weren’t going to get raised anyways. But the fact that they wrote this letter and posted it publicly shows you how bad it is in those provinces.
Housing is so expensive there that a small 25bps hike can have huge consequences for many home owners. And if they are not home owners they are landlords which just pass on these costs to the tenants.
Rates weren’t going to get raised anyways. But the fact that they wrote this letter and posted it publicly shows you how bad it is in those provinces.
Housing is so expensive there that a small 25bps hike can have huge consequences for many home owners. And if they are not home owners they are landlords which just pass on these costs to the tenants.
This means people will spend less money which is why properties will be hit hard
This could happen but is not a rule. It's possible that properties could keep going up despite the recession. Depends on the specifics of the market and whether it's dominated by regular buyers or investors.
and usually before recession happen there is a high inflation rate
Again, we could have a recession accompanied by high inflation, but usually economy slowing down would have the opposite (deflationary) effect. People spending less means lower inflation.
Canada has one of the most at risk housing bubbles currently. And a large portion of Canadians gdp is tied to real estate. Instead of investing in tech and other sectors they just concentrated on real estate.
And you can see what is happening. Millions of new immigrants but the gdp fails to go up, doesn’t make sense and the previous gdp numbers were revised.
You got people crying on TikTok because they paid $20 for grapes and people who can’t afford to buy their kids school supplies. It’s not looking good.
And you can see what is happening. Millions of new immigrants but the gdp fails to go up, doesn’t make sense and the previous gdp numbers were revised.
You got people crying on TikTok because they paid $20 for grapes and people who can’t afford to buy their kids school supplies. It’s not looking good.
I don't really agree with some of this speculations, because the Canadian economy is still one of the best in the world, as even more U.S citizens prefer to migrate to Canada due to how favourable it is over there.
One of the biggest economies globally, it's true but best or most healthiest, I am unsure about it.Canada is like other big nations, have very unhealthy economies but it is better than the United States and some other big nations.
Gross Public Sector Debt as a Proportion of GDP in a global map or you can click on Table tab to see it in a table, sort it ascending or descending or click on this to get its table
Quote
Country or region percent 1995 2021
Greece 0.00% 207.77%
Italy 117.70% 146.00%
Cyprus 0.00% 139.35%
Portugal 0.00% 129.97%
United Kingdom 43.25% 112.48%
United States 54.68% 109.32%
Spain 51.36% 106.06%
France 0.00% 96.69%
Sri Lanka 2010 69.61% 94.28%
Belgium 116.60% 91.41%
Saint Lucia 2006 0.00% 2020 81.58%
Mauritius 1999 0.00% 79.42%
Austria 0.00% 76.24%
Hungary 83.53% 75.37%
Slovenia 0.00% 73.62%
Iceland 0.00% 73.14%
Croatia 22.18% 73.12%
Brazil 0.00% 71.82%
South Africa 0.00% 68.52%
Slovakia 0.00% 62.95%
Finland 0.00% 58.95%
Ireland 77.49% 55.88%
Malta 2000 60.64% 55.17%
Poland 0.00% 53.70%
Canada 56.90% 50.56%
Latvia 0.00% 49.12%
Romania 0.00% 47.57%
Germany 0.00% 46.29%
South Korea 0.00% 45.78%
Czechia 0.00% 43.56%
Lithuania 0.00% 42.77%
Turkey 1998 0.00% 42.43%
Australia 4.38% 39.75%
Indonesia 0.00% 38.33%
Mexico 0.00% 37.29%
Peru 2007 0.00% 33.11%
Denmark 0.00% 29.93%
Norway 0.00% 26.65%
Sweden 75.41% 24.57%
Luxembourg 0.00% 23.46%
Bulgaria 0.00% 21.97%
Estonia 0.00% 17.69%
Russia 2003 0.00% 2020 16.75%
Switzerland 19.39% 13.73%
Seychelles 2014 67.20% 0.00%
Greece 0.00% 207.77%
Italy 117.70% 146.00%
Cyprus 0.00% 139.35%
Portugal 0.00% 129.97%
United Kingdom 43.25% 112.48%
United States 54.68% 109.32%
Spain 51.36% 106.06%
France 0.00% 96.69%
Sri Lanka 2010 69.61% 94.28%
Belgium 116.60% 91.41%
Saint Lucia 2006 0.00% 2020 81.58%
Mauritius 1999 0.00% 79.42%
Austria 0.00% 76.24%
Hungary 83.53% 75.37%
Slovenia 0.00% 73.62%
Iceland 0.00% 73.14%
Croatia 22.18% 73.12%
Brazil 0.00% 71.82%
South Africa 0.00% 68.52%
Slovakia 0.00% 62.95%
Finland 0.00% 58.95%
Ireland 77.49% 55.88%
Malta 2000 60.64% 55.17%
Poland 0.00% 53.70%
Canada 56.90% 50.56%
Latvia 0.00% 49.12%
Romania 0.00% 47.57%
Germany 0.00% 46.29%
South Korea 0.00% 45.78%
Czechia 0.00% 43.56%
Lithuania 0.00% 42.77%
Turkey 1998 0.00% 42.43%
Australia 4.38% 39.75%
Indonesia 0.00% 38.33%
Mexico 0.00% 37.29%
Peru 2007 0.00% 33.11%
Denmark 0.00% 29.93%
Norway 0.00% 26.65%
Sweden 75.41% 24.57%
Luxembourg 0.00% 23.46%
Bulgaria 0.00% 21.97%
Estonia 0.00% 17.69%
Russia 2003 0.00% 2020 16.75%
Switzerland 19.39% 13.73%
Seychelles 2014 67.20% 0.00%
I don't think that properties will be hit. These mass migration to Canada from all over the world which has increase the prices of apartments and airbnb. So even if the locals cannot afford it due to the recession, the migrants would.
First What happened in recession? "During a recession, the economy shrinks because of pullbacks in economic activity, especially consumer spending and business investment. Companies lay off workers and slow hiring, unemployment rises and wage growth stalls" - https://www.usatoday.com/story/money/economy/2023/06/05/what-happens-in-a-recession/70237317007/
This means people will spend less money which is why properties will be hit hard and usually before recession happen there is a high inflation rate and the central bank will raise the interest rate and built property is use lot of money and when the interest is high the property price would high
Short term is domino effect
Not entirely sure who that tweet is from, and just a reminder for everyone that just because a Twitter/X account is verified it doesn't mean they are already professionals or relevant as the blue verification mark can be bought with a premium subscription now, I wouldn't worry much about this tweet unless a major website or news site that deals with world economic information states it.
I posted a link to the tweet below the snippet. I haven't been following that guy so can't say if he's credible, but I don't subscribe to the opinion that only "professionals" or mainstream media should be trusted, as in recent years they were proven to be easily corruptible.
As for how we will profit from it, we have to see first if this is true and how the market will actually go to make a definite decision.
The idea is to make a move before it's obvious what's really happening to everyone else. By then, it would be too late.
The only way to profit from a recession is to wait for the asset prices to drop and then start buying.
That's more of profiting from recovery, as you profit when prices bounce back up. And for that, you'd have to have a lot of cash available, meaning you'd need to exit your positions at the right time.
What is really going on with Canada? Is it really that bad as the internet says?
If so, what's the best way to profit from the (alleged?) recession? Shorting CAD, TSX, or both? Or maybe it's all already priced in?
If so, what's the best way to profit from the (alleged?) recession? Shorting CAD, TSX, or both? Or maybe it's all already priced in?
Better ask advice from the people around here who shortened the Euro when it was 'collapsing" against the dollar going below 1:1 thinking it will to half of that as Europe burns in flames! It was an enjoyable topic about doom and gloom that of course turned empty when the loom and doom didn't materialize.
That guy on Twitter is just posting clickbait and rage bait material, an easy way of gaining an audience, there are millions of people in this world who just love negative stories, they want economies to collapse, and they want to see lives ruined, feeding them with stories about crashes and so on guarantees you a bunch of die-hard followers.
Now looking at this from a realistic point of view, are you seriously going to look for advice here where there is one Canadian in a thousand users and the majority have not one clue about the state of the economy? Short the CAD for what, it was 0.8 in 1990 it peaked at 1:1 in 2011 and it's 0.74 now, you really want to dump that much into this or risk a ton on high leverage for, what returns?
I live here and it depends what province you live and whether you are a home owner or not. The biggest issue is most of the population of Canada lives in either Vancouver or Toronto (or surrounding area) and these two in the past couple of years had crazy rent prices. We had large immigration recently and it only made it worse.
And you're going to get more if that student loophole isn't fixed, not even counting the 1 million that somehow were forgotten in the statistics, if you're building 1/10 of the homes needed by that immigration wave expect the prices to go up till something fixes it, either business moving out of to more affordable places along with the workers or new cities taking the initiative and start building to keep up with the demand.
Currently, almost all world economies are in difficult conditions, this is unavoidable for Canada and other countries. this situation is not something that has never happened before, for example the covit 19 pandemic a few years ago, where the incident has devastated the world economy, here it is very important to maintain a long-term perspective when considering the impact of a recession on certain countries, such as Canada is one of the countries that has a lot of natural resources, Canada's economy is closely related to each other with the US where they have long been cooperating both in terms of savings and loans and export imports, as we all know today the US economy is the mecca of the world's global economy,
It is very easy for those who have abundant money to be able to multiply the assets they have, including buying real estate, gold, even BTC, but for those who have mediocre assets saving is one way to maintain depreciation the assets they have, because the impact of this recession is very large where every country that is being hit by a recession can result in a reduction in people's purchasing power for certain products, be it from industry, trade, services or transportation, this is due to the slow pace of economic turnover in and abroad, of course this is very worried about by all groups, even though it did not last long, the consequences that were caused were extraordinary,
If you want to take advantage of this phenomenon, I think buying assets that have high selling power in the future is the right decision, of course this is not as easy as turning your palm, because the profits to be earned must go through a process and a period of time the long one.
It is very easy for those who have abundant money to be able to multiply the assets they have, including buying real estate, gold, even BTC, but for those who have mediocre assets saving is one way to maintain depreciation the assets they have, because the impact of this recession is very large where every country that is being hit by a recession can result in a reduction in people's purchasing power for certain products, be it from industry, trade, services or transportation, this is due to the slow pace of economic turnover in and abroad, of course this is very worried about by all groups, even though it did not last long, the consequences that were caused were extraordinary,
If you want to take advantage of this phenomenon, I think buying assets that have high selling power in the future is the right decision, of course this is not as easy as turning your palm, because the profits to be earned must go through a process and a period of time the long one.
What is really going on with Canada? Is it really that bad as the internet says?
If so, what's the best way to profit from the (alleged?) recestision? Shorting CAD, TSX, or both? Or maybe it's all already priced in?
https://twitter.com/Tablesalt13/status/1697625004764955134
If so, what's the best way to profit from the (alleged?) recestision? Shorting CAD, TSX, or both? Or maybe it's all already priced in?
https://twitter.com/Tablesalt13/status/1697625004764955134
I don't really agree with some of this speculations, because the Canadian economy is still one of the best in the world, as even more U.S citizens prefer to migrate to Canada due to how favourable it is over there. if the economy is that gloomy maybe we would have seen more outcry but wanting to Equate it to that of third world country, is something I will find it had to agree.
There is really no specific way to benefit in a recession, because it comes very hard on your pocket. Economists always find it hard to deal with recession, because it comes with inflations and other multiplier effect on the economy.
But you do well, to invest in Bitcoin, and also you could diversify your source of income, just so that you can beat the recession.
I think only way to profit in any recession is always to buy a chunk of things everywhere. Like real estate always gives you good profit if bought in tough times. Infact better would be to buy these real estate from bank auctioneer. In these cases you can buy at a even lesser price and I have heard most of the millionaires are made during recession times.
Shorting CAD, TSX, or both?
Considering how these days the strategy that almost all countries are using is to increase the interest rate to prevent high inflation, the chances of fiat currencies of said countries to dump hard is low because the side-effect of increased interest rates is an artificial rise of fiat value. The best example of it is United States and despite all the odds they have significantly decreased the dump of USD by increasing the interest rate.
The interest rate in Canada is currently at an ATH in the past 20+ years. So if you wanna short CAD wait for the interest rate hike to fail or to reverse then do it.
I can't comment on the stock market though.
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The guy, who tweeted this is pretty much overreacting and trying to spread panic. 
The Canadian economy might enter a recession, but I don't expect a financial disaster and a "great depression". Canada has lots of natural resources and there will always be a global demand for natural resources. The Canadian economy is deeply connected to the US economy and I'm sure that the USA will get out of the recession very quick.
The only way to profit from a recession is to wait for the asset prices to drop and then start buying. I'm not a big fan of shorting, because there's higher risk involved. It's way safer to just wait for the prices to drop and buy the dip.
I completely agree with you, shorting a currency no matter how bad it seems is very risky because you never can tell when it will reverse and start going up, the few times I've tried trading futures in cryptocurrency, I've made more profit going long than shorting, so from this , I learnt never to short a currency that is going down but rather , wait for it to go down then long it when I feel it's already in the deep and ready to shot up ..The Canadian economy might enter a recession, but I don't expect a financial disaster and a "great depression". Canada has lots of natural resources and there will always be a global demand for natural resources. The Canadian economy is deeply connected to the US economy and I'm sure that the USA will get out of the recession very quick.
The only way to profit from a recession is to wait for the asset prices to drop and then start buying. I'm not a big fan of shorting, because there's higher risk involved. It's way safer to just wait for the prices to drop and buy the dip.
This same scenario I believe applies to the forex market as well, and besides, speaking about Canada and recession, no matter how bad it seems, I think the country will come out of the recession pretty soon, so personally, if I wanted to make any profit off this, I would rather wait for the deep, then long CAD, rather than shorting it .
The guy, who tweeted this is pretty much overreacting and trying to spread panic.
The Canadian economy might enter a recession, but I don't expect a financial disaster and a "great depression". Canada has lots of natural resources and there will always be a global demand for natural resources. The Canadian economy is deeply connected to the US economy and I'm sure that the USA will get out of the recession very quick.
The only way to profit from a recession is to wait for the asset prices to drop and then start buying. I'm not a big fan of shorting, because there's higher risk involved. It's way safer to just wait for the prices to drop and buy the dip.
The Canadian economy might enter a recession, but I don't expect a financial disaster and a "great depression". Canada has lots of natural resources and there will always be a global demand for natural resources. The Canadian economy is deeply connected to the US economy and I'm sure that the USA will get out of the recession very quick.
The only way to profit from a recession is to wait for the asset prices to drop and then start buying. I'm not a big fan of shorting, because there's higher risk involved. It's way safer to just wait for the prices to drop and buy the dip.
What is really going on with Canada? Is it really that bad as the internet says?
The whole word is in recession but there are sparsely news about it, nation by nation. Governments and media even try to hide it with a creative term like technical recession. Lol, technical recession, what does it mean?Just look at labor market, unemployment rates, how purchasing power in communities drop a lot since pandemic Covid-19, it's enough to know what is happening with global economy, not restrict in any nation.
Short those asset is risky as you see what happen with $RUB in 2022. USD/RUB bounced back and kill many short positions.
Buying gold, silver if you don't like Bitcoin. If you have bitcoin, ignore gold and silver, buy more bitcoin.
Germany, technical recession
In Canada, I have a cousin who has been employed there for more than 20 or 20 years. She also previously informed me that living in Canada is difficult. They said that you must work there in shifts or on a part-time basis if you only have one job there. Because the salary is quite high and the costs are also very high. In Canada, the majority of people pay with credit cards, therefore it's similar when the house rent is a bit pricey, She uses credit cards to pay. She claimed that in order to avoid starvation and make it impossible for others to help you, you must be extremely strategic in that nation.
I don't see any reason to short Canadian currency that you can't use to short Bitcoin or whatever. If you think you're good at it and you want to take a risk, go ahead, but I'm more of a long-term investor, not worrying about the ups and downs of the market, without timing the market or speculating. In any case, if I knew the Canadian economy and its companies well, I would take advantage of buying cheap now for the long term.
Not entirely sure who that tweet is from, and just a reminder for everyone that just because a Twitter/X account is verified it doesn't mean they are already professionals or relevant as the blue verification mark can be bought with a premium subscription now, I wouldn't worry much about this tweet unless a major website or news site that deals with world economic information states it. Besides, in the last 94 years since 1929 recession has happened in Canada (exactly 13 recessions of various sizes). From what I heard from my family members living there, those who are living in Toronto and Vancouver (and some surrounding areas) are experiencing a significant rise in rent, but outside of those areas, it is pretty much fine aside from the rise of prices of food and utilities.
As for how we will profit from it, we have to see first if this is true and how the market will actually go to make a definite decision.
As for how we will profit from it, we have to see first if this is true and how the market will actually go to make a definite decision.
Some weeks ago it was the Netherlands in recession, now it is Canada. I recall watching an interview with a Canadian professor of economic last month where he predicted that Canada was already entering a recession. It comes as no surprise. All fingers are pointing towards the higher interest rates that's slowed down the economy.
Bank and properties will be hit hard but energy and commodities won't so you can easily know what sector that still generating profit when the recession happen but again if you have the capital and want to the High risk high reward you can buy all of the sector and see couple of percentage or even hundred percentage of profit when the economy back to normal.
I don't think that properties will be hit. These mass migration to Canada from all over the world which has increase the prices of apartments and airbnb. So even if the locals cannot afford it due to the recession, the migrants would.
I live here and it depends what province you live and whether you are a home owner or not. The biggest issue is most of the population of Canada lives in either Vancouver or Toronto (or surrounding area) and these two in the past couple of years had crazy rent prices. We had large immigration recently and it only made it worse.
I am talking about $3000 to rent a one bed room apartment. Most can’t afford this so they share a room. It’s not like this in every city however. Many other cities are affordable. But everything else is expensive like food, utilities, insurance, etc.
I am talking about $3000 to rent a one bed room apartment. Most can’t afford this so they share a room. It’s not like this in every city however. Many other cities are affordable. But everything else is expensive like food, utilities, insurance, etc.
Canada is no different from anywhere else in the developed world. Im not following much Emerging Markets these days since I don't hold any equity here, however, Canada is filled with cheap fiat duat massive QE period from the Covid pandemic when they printed a ton of money to save businesses from bankruptcy and from consumers themselves to be able to buy stuff as they were locked. This can has been kicked for a while but as interest rates are raised, you can bet that sooner or later recession will hit once all this debt gets updated to said interest rates. With good timing there is when you would short the market, or just wait in cash to buy in cheaper.
Will BTC perform in this environment along gold? who knows, personally im just looking forward to add up on an SP500 position as well as hopefully get in on overbought individual stocks like TLSA and NVDA which should crash the most given current PER ratios.
Will BTC perform in this environment along gold? who knows, personally im just looking forward to add up on an SP500 position as well as hopefully get in on overbought individual stocks like TLSA and NVDA which should crash the most given current PER ratios.
No No Bro don't short anything at this point you might already be late but if you like the high-risk high reward then go ahead. if I had the capital right now I surely go stock on TSX since Canada has big gas and oil and mineral buy companies that are related to oil and mineral I think is a good idea.
Bank and properties will be hit hard but energy and commodities won't so you can easily know what sector that still generating profit when the recession happen but again if you have the capital and want to the High risk high reward you can buy all of the sector and see couple of percentage or even hundred percentage of profit when the economy back to normal.
Bank and properties will be hit hard but energy and commodities won't so you can easily know what sector that still generating profit when the recession happen but again if you have the capital and want to the High risk high reward you can buy all of the sector and see couple of percentage or even hundred percentage of profit when the economy back to normal.
To be honest, there is also a bit of difficulty in surviving in a time like that the country of Canada is facing, and the number one affected right now are the Canadian citizens. Apart from real estate, which is good to do, I think it is also good for Canadian citizens to know the programs that their government has so they can make money.
And aside from investing wisely, people in the country also need to increase their emergency savings. Then they should also reduce the debt so as not to add to the problem, instead, if there are still debt fees, they should be gradually reduced until they are paid for less stress. Therefore, in these situations, the citizens need to handle the budget strongly in that regard.
And aside from investing wisely, people in the country also need to increase their emergency savings. Then they should also reduce the debt so as not to add to the problem, instead, if there are still debt fees, they should be gradually reduced until they are paid for less stress. Therefore, in these situations, the citizens need to handle the budget strongly in that regard.
Or maybe it's all already priced in?
Just thinking out loud here, but if you're planning on trying to make money because of something somebody tweeted, and assuming it's 100% accurate, it's more likely than not already priced into whatever asset you'd have to buy or short already. I have no idea who that Twitter member is, but I do know that these days way too much emphasis is put on the loudmouths on that platform--even the mainstream news outlets tend to give too much credibility to whoever says the most outrageous or inflammatory statement.And by the way, Canada's in trouble? No surprise I hadn't heard anything, but it would be a surprise if it turned out they're in for a crisis that'd take them more than a year to get out of. Their government and way of life seems to be at least twice as stable as the US, and I'm not sure about their monetary policies but they can't be as bad as what the last 4 or so US presidents have put our country through.
For cryptocurrencies, the one and only advice is BUY MORE BITCOIN/ INVEST MORE ON BITCOIN that's another way to profit from recession.
I'm as bullish on bitcoin as anyone else, but I'm also a realist and it hasn't yet achieved safe-haven asset status. In a crisis I wouldn't bet on bitcoin being any less volatile than it traditionally has been. If I had cash, I'd be sitting on a pile of it off to the sides just waiting to see what exactly is going to happen and where the opportunities are when it does happen. When in doubt, ask yourself: "What would Warren Buffett do?". If so, what's the best way to profit from the (alleged?) recession?
If truly there is recession as the internet claimed, I can say there is no best way to profit from recession but there are ways of profiting from recession. The word (best) is what I disagree with. There are a lot of things to do that can profit you during recessions but I don't know your perspective weather cryptocurrencies or general, generally speaking investing in things like health care services, consumer Staples, Utilities etc this sectors resist recession the most. No matter the situation people most eat, be healthy and so on. So investing in this sectors will make a lot of profits. For cryptocurrencies, the one and only advice is BUY MORE BITCOIN/ INVEST MORE ON BITCOIN that's another way to profit from recession.
Buy Canadian real estate maybe maybe petroleum assets
What is really going on with Canada? Is it really that bad as the internet says?
If so, what's the best way to profit from the (alleged?) recession? Shorting CAD, TSX, or both? Or maybe it's all already priced in?
https://twitter.com/Tablesalt13/status/1697625004764955134
If so, what's the best way to profit from the (alleged?) recession? Shorting CAD, TSX, or both? Or maybe it's all already priced in?
https://twitter.com/Tablesalt13/status/1697625004764955134
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