The Big "Oops." Is This The Next Great Depression?

In the latest episode of On The Line, we take a look (through our fingers, which are covering our eyes) at what's happening with the markets, and whole economies, around the world. Guess we'll be delaying retirement a few extra years, eh? This episode of On The Line is brought to you by Westinghouse. Canada’s energy future is being shaped by the choices we make today. Westinghouse is 100% Canadian-owned and brings the world’s most advanced, operational Gen III+ reactor — the AP1000® — proven, safe, efficient, and ready now. It can be brought online within a decade, delivering clean, reliable power when we need it most. Canada needs energy. Westinghouse is ready. Learn more at westinghousenuclear.com/canada.To unpack all that is happening, Jen Gerson speaks with Professor Barry Eichengreen. The professor is an American economist and economic historian who is the George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley. And he is worried that this is the big one, an economic crisis to rival the Great Depression. He highlights the volatility in the markets, the weakening of the U.S. dollar, and the potential for long-term damage to international economic relations. The discussion also touches on the role of cryptocurrencies and the challenges faced by Canada in navigating these turbulent economic waters.This episode is also brought to by the Métis Nation of Ontario. It's Sault Ste. Marie, 2025. In a quiet room filled with maps, parish records, and the voices of history, a story long denied is finally told. For too long, Métis communities in Ontario had been questioned, overlooked, and denied. But after reviewing more than 50,000 pages of evidence, visiting the seven historic Métis communities in Ontario, and hearing from 160 Métis Nation elders, youth, scholars, and leaders — the truth is clear. The Métis National Council’s Expert Panel report is the most comprehensive, transparent, and objective study ever conducted on Métis Nation communities in Ontario. The report rejected politically motivated misinformation. And it confirmed that the seven historic Métis communities in northern Ontario are — and have always been — part of the larger Métis Nation and meet the National Definition of Métis. For the Métis Nation of Ontario and their citizens, this report was a vindication. For more, go to OntarioMetisFacts.com.After that, Jen is joined by Mike Colledge from Ipsos, to provide an update on what issues are driving the electorate. Mike looks inside Ipsos's vast stores of data and shares with Jen what one of the next major issues in Canada could be: social cohesion.As always, like and subscribe at our main page, ReadTheLine.ca. You can also follow us on your favourite podcast app so you never miss an episode. Share it far and wide. Spread the word of The Line.