Episode 40: How Foreign Students Are Quietly Replacing Canadian Workers

Send us Fan MailIn this week’s episode, Alex & Alex break down the latest Bank of Canada decision and what it means for your wallet. From rising fixed rates to rising credit delinquencies, we explore how Canadians are managing debt—and what’s coming next.Here’s what you’ll learn:Why the Bank of Canada held the rate at 4.75% and what could trigger a cut in JulyThe fixed-rate hike: what’s driving lenders to increase mortgage rates again17% of first-time homebuyers missed a mortgage payment—what that says about affordability1.4 million Canadians missed a credit payment in Q1—highest since 2009The BoC admits foreign students are displacing Canadian workers in low-skilled jobsIs the Canadian recession already here? Economists think soDesjardins warns more debt is coming—more than what we saw during the pandemicCMHC reveals why homeowners are really adding secondary suites (hint: it’s not for grandma)The downsizer dilemma: How a reverse mortgage can let seniors buy now and sell laterFollow Our Host Alex Pang Alex Shanks