The Beavis Wealth Podcast

2024 Federal Budget: Key Impacts for Investors


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In this episode, we delve into Canada's 2024 federal budget presented by Finance Minister Chrystia Freeland, focusing on the $53 billion new spending initiative, increased capital gains taxes, housing affordability measures, and a forecast on public debt.

Also in this episode:

📈 Annual inflation in Canada rises to 2.9% with significant increases in mortgage and rent costs, potentially signaling a near-term interest rate cut by the Bank of Canada.

📉 Jerome Powell's comments on the persistent U.S. inflation challenges and indicates a likely delay in expected rate cuts, impacting investor expectations.

🚗 Tesla seeks reapproval for a $56 billion compensation package for Elon Musk, moving its incorporation from Delaware to Texas following a contentious court ruling.

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Harvest Balanced Income & Growth ETF (HBIG:TSX)
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The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.

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This content is sponsored by BMO Exchange Traded Funds.

This content is intended for information purposes only. This content has been prepared by Beavis Wealth and represents its assessment at the time of publication. Beavis Wealth is compensated under this arrangement by BMO Exchange Traded Funds. The content contained herein does not necessarily represent the views of BMO Global Asset Management. The views expressed herein by Beavis Wealth are subject to change without notice. The content contained herein is not, and should not be construed as, investment advice to any party. Any securities described herein must be evaluated relative to the individual’s investment objectives and risk tolerance, and professional advice should be obtained with respect to the individual’s particular circumstances.

The views expressed herein by Beavis Wealth regarding a particular company, security, industry, or market sector should not be considered as an indication of trading intent of any investment funds managed by BMO Global Asset Management. Any reference to a particular company is for illustrative purposes only and should not be considered as investment advice or a recommendation to buy or sell nor should it be considered as an indication of how the portfolio of any investment fund managed by BMO Global Asset Management is or will be invested. This social media network is an independent organization and is not affiliated with BMO Global Asset Management.

BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate.

 

 

 

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The Beavis Wealth PodcastBy Brandon Beavis, Marc Beavis

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