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Canada’s economy just posted a surprising 3.3% annualized GDP growth in Q2—reversing recession fears and pushing Q1 back into positive territory. But is this genuine economic expansion, or is the government simply propping up the numbers with massive debt spending? In Episode 104 of The Canadian Mortgage Show, Alex Pang and Alex Shanks unpack the truth behind Canada’s latest GDP numbers and explore why this “growth” could actually force fixed mortgage rates higher. They dive deep into the fine line between real private investment and state-funded GDP inflation, questioning what happens when the debt runs out.
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