Daniel Foch

speaker

1,195 appearances 3 recordings 1 series first heard May 2026 last heard 8 Jun

Daniel Foch’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 3 in all, peaking in May 2026 with 2.

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The Canadian Investor · Carney’s Big Pivot: Jobs, Energy, Housing & Major Projects · 9 May 2026 podcast

Yeah, yeah.

But yeah, if you want to give me an idea of what we're talking about here today.

Okay.

Well, do you want to kick me off with what you want to start us off with here?

I mean, it seems like a continuation of a lot of the trends that we've seen over the last year.

Public sector jobs up year over year, private sector jobs and self-employed down year over year.

I think we're just sort of like the government spending money to suppress certain numbers, right?

I mean, it may or may not be their intention, but that's the result of policy.

And, you know, we went from sort of post-election hearing that we're going to see 30,000 layoffs in the public sector to...

And I think you are on sort of like the OpEx side.

I think we talked about this last week, right?

It was like kind of just creative accounting, right?

Like you're still creating jobs on the CapEx side and it just looks different on the budget because we're spending a lot on these special projects like you've discussed.

So I think that this is where the question becomes like, are we genuinely trying to exercise kind of like, I don't want to use the word austerity, but are we trying to run a leaner budget and have an economy that is...

maybe more recessionary or like, or are we trying to run like, you know, kind of the tail end of like, you know, anticipating that the cycle is going to be bad and we're running make work projects and all of these things.

And the unemployment numbers sort of look like reflect that to me.

One of the things that I will often track with when it comes to unemployment is mortgage delinquencies, right?

CBA puts out these numbers on a monthly basis.

I'll see if I can screen share them here now.

But basically, you've got mortgage arrears in Canada track quite... Mortgage arrears in Canada track quite tightly to unemployment.

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