Hockey Skates to Wine: How Trump’s New 50% Tariffs Hit Everyday Canadian Exports | Episode 99

Send us Fan MailSchedule a call: http://www.calendly.com/alexpangmortgage In today's episode, we break down the latest economic developments sweeping across Canada—from major trade disruptions to real estate shifts and government spending controversies.### 📊 Key Topics Covered:* **50% U.S. Tariffs Take Effect August 19:** Donald Trump announces a 50% tariff on a broad range of Canadian goods, citing retaliatory claims over Canadian policies on alcohol, dairy quotas, and motor vehicles. We discuss which industries are hardest hit (consumer goods, machinery, building materials) and which key sectors are exempted (energy, potash, critical minerals).* **Interprovincial Trade Barriers:** In response to U.S. trade pressure, Canadian provinces are finally removing internal red tape to allow direct-to-consumer sales for brewers and distillers. Is this a step forward or a sign of low expectations?* **Real Estate & Housing Trends:** Toronto new home prices plunged over 10% in just 30 days. Meanwhile, Canada is seeing record-high rental apartment construction alongside record-low single-family home developments.* **Alberta's Job Growth Engine:** Alberta is currently driving national employment, accounting for the vast majority of Canada's net job growth since late 2024 (4.2% growth vs. 0.5% across the rest of Canada).* **Energy Sector Wins:** FortisBC clears a major regulatory hurdle for its $2B+ Tilbury LNG expansion in Metro Vancouver, paving the way for potential First Nation equity ownership with the Musqueam Indian Band.* **Cost of Living Crisis:** A new survey from Agriculture Canada shows 1 in 5 Canadians have skipped meals in the past six months, while nearly half are buying less meat, dairy, and produce due to skyrocketing prices.* **Government Spending Under Scrutiny:** We examine a controversial $130M Global Affairs program that handed out free motorbikes in Ghana—which stalled after funding failed to cover fuel and maintenance—alongside Mark Carney’s newly announced $1B federal investment in national sports infrastructure.---### 🌐 Episode Resources & Related Posts:* Regional Tariff Exposure Breakdown: https://x.com/i/status/2079656063096467827* Toronto Real Estate Crash Data: https://x.com/i/status/2082070692057563326* Single-Family vs. Rental Apartment Starts: https://x.com/i/status/2082170755408949257* Alberta Job Creation Numbers: https://x.com/i/status/2081505913203204534* Agriculture Canada Food Affordability Survey: https://x.com/i/status/2082037061574385876---**Enjoying the show?** Please leave a 5-star review on Apple Podcasts or Spotify, and share this episode with a friend!Podcast Social Links:Website: https://canadianmortgageshow.com/Instagram: https://www.instagram.com/canadianmortgageshow/Facebook: https://www.facebook.com/canadianmortgageshow/Follow Our Hosts:Alex Pang Tiktok: https://www.tiktok.com/@alexpangmortgage/Instagram: https://www.instagram.com/alexpangmortgage/Alex Shanks Tiktok: https://www.tiktok.com/@mortgagemanagement/Instagram: https://www.instagram.com/alexshanksmortgagemanagement/