539 – Canadian Insolvency and Economic Trends in 2025

Jan 2, 2025

Ask episode

Chapters

Transcript

Episode notes

As 2024 comes to an end, Doug Hoyes and Ted Michalos revisit their past predictions to see what they nailed—and what surprised them.

They cover everything from inflation and insolvency to unemployment and real estate and, using the latest economic data and trends, share their evidence-based predictions for 2025. Do you agree with Doug and Ted, or do you have a different perspective to share? Let us know in the comments!

Timestamps:

(2:00) – Doug and Ted's 2024 predictions on inflation

(6:00) – Insolvency trends and forecasts from 2024

(10:00) – Returning to pre-pandemic insolvency numbers and trending upward

(10:50) – Discussion on unemployment rates

(14:20) – A closer look at rising credit card debt

(15:15) – Real estate, homeownership, and pre-construction agreements

(19:00) – Is Canada in a recession? Examining GDP trends

(23:00) – Doug's take: Why Canada is already in a recession

(24:00) – Predictions for 2025 in key economic areas

(26:00) – Wildcard topic: Should Canada be concerned about tariffs?

(27:00) – Insolvency Predictions for 2025

Disclaimer: The information provided in the Debt Free in 30 Podcast is for entertainment and informational purposes only and is not intended as personal financial advice. Individual financial situations vary and may require personalized advice from a qualified financial advisor. Always consult with a financial professional. The views expressed in this episode do not necessarily reflect the opinions of Hoyes, Michalos & Associates, or any other affiliated organizations. We do not endorse or guarantee the effectiveness of any specific financial institutions or strategies discussed.