As of yesterday (December 16, 2024) the Canadian Finance Minister has resigned her position. I won’t get into the drama of it all but it seems the now resigned Finance Minister blames Justin Trudeau for the bad state of the Canadian economy and vice versa.

After all this drama unfolded people seem to not want to talk about that the Canadian fiscal deficit for the year ended in March came in at C$61.9 billion. Yeah… that is a large number that no one wanted to hear.

And if that isn’t enough drama for you, don’t forget to factor in the potential trade war. Donald Trump is threatening to put tariffs on some products when he takes office in 2025. The effect that could have on the Canadian economy is not a positive one. In terms of mortgages and real estate; this may effect the housing market by tightening the budgets of all most all households. This would lower a households borrowing and spending capabilities in an already tight economy. 2025 will be a very interesting year to see what occurs.