I have to preface this clip by saying that the Questrade ad that leads it is one of the most sexist, predatory, revolting things I have seen. Typical of suck-in-the-retail-trader-platforms, but still…a particularly heinous example of why the financial sales machine is so damaging. Encouraging people to try and win a downpayment for a home with online trading is everything that is wrong in a nutshell. In case a different ad plays when you watch the segment, here is a direct link to the Questrade propaganda I am referring to. Also, see Robinhood, Three Friends, and the Fortune that Got Away.
Doug Hoyes, licensed insolvency trustee at Hoyes, Michalos & Associates, joins BNN Bloomberg to discuss the repercussions for consumers should the Bank of Canada raise rates higher than expected. He also notes spending could be tempered for some time as the hardship remains ahead of businesses and consumers. Here is a direct video link.
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