The Beavis Wealth Podcast

📥 Subscribe to the Pulse Newsletter for Weekly Market News (FREE) ➤ https://www.theinvestingacademy.ca/pulse In this video, we dive into the CBC workforce layoffs and the growing debate on whether defunding is the solution. Also, learn about the Bank of Canada's pivotal decision on the key lending announced today. We cover the huge fine facing RBC has been assessed by FINTRAC, gain insights into the alarming rise of consumer debt in Canada, reaching unprecedented levels. Plus, get an in-depth analysis of the surprising US jobs report, which fell short of expectations ----------- Courses & Training - The Investing Academy ➤ https://bit.ly/theinvestingacademy Follow Us On Blossom ➤ https://getblossom.page.link/brandon Instagram ➤ https://bit.ly/3Oechgh TikTok ➤ https://bit.ly/3PlNvfw LinkedIn ➤https://bit.ly/3RLndF7 Website ➤ https://www.theinvestingacademy.ca/ ----------- 🏦🇨🇦 Sign Up Bonuses 💰💸: ► Questrade Online Brokerage (Get $50 in commission-free trades) - https://bit.ly/3OhrRrK ► Wealthsimple Trade ($50 cash bonus when you deposit $150 or more) - https://bit.ly/3v1FBQt ► Wealthsimple Invest Robo-Advisor (Receive a $50 sign up bonus) - https://bit.ly/3Pm2g1Z ► NEO Financial (Cash Back Credit Card) - https://bit.ly/3yJqb4s The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances. Business Inquiries: [email protected] ----------- Disclaimer: 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.

📥 Subscribe to the Pulse Newsletter for Weekly Market News (FREE) ➤ https://www.theinvestingacademy.ca/pulseNOTE:  This is the podcast version of a video that is very graphics oriented.  You can watch the full video by clicking the link below.

In this video, we delve into the recent Canadian bank earnings reports, highlighting the key surprises, missed expectations, and the huge rise in expenses. We'll cover Royal Bank (RY), TD Bank (TD), Bank of Montreal (BMO), Scotiabank (BNS), CIBC (CM) and National Bank (NA). Stay informed about the latest developments shaping the financial landscape in Canada.Also in this episode, we review that latest Canadian Employment numbers, and unemployment is on the rise. Can jobs keep up with immigration?And, The Bank of Canada is set to make its next interest rate announcement this Wednesday. The money says the rate will be left unchanged, and we see what Bank Governor Tiff Macklem has to say.

Full YouTube Video:  https://youtu.be/qTl3gcGvM1I-------------

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The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances.

Business Inquiries: [email protected]

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Disclaimer: 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.

📥 Subscribe to the Pulse Newsletter for Weekly Market News (FREE) ➤ https://www.theinvestingacademy.ca/pulse

The Bank of Nova Scotia was the first big Canadian Bank to report earnings, and as was expected, profits were down. Royal Bank, Bank of Montreal, CIBC, TD Bank and National Bank all report later this week.

Also on this episode, the investment world lost an icon with the passing of Charlie Munger. Also, Canadian Finance Minister Chrystia Freeland has proposed introducing a Digital Services Tax, so we'll look at that story. The problems for First Quantum Minerals continue, with the Supreme Court in Panama shutting down its prized mine. Finally this episode, Air Transat flight attendants voted almost 100% to authorize Strike Action.

Watch the full video here: https://youtu.be/Sqd3mF9XN_U?si=jZySOhxSKasC9W4y-----------

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The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances.

Business Inquiries: [email protected]

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Disclaimer: 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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Today we chatted again with Adriano for an update on the passive income investing space! Purchase the Ultimate DIY Investing Package here: https://passiveincomeinvesting.ca/pro... Learn more about the Product here: https://youtu.be/YG1W4AgEOVE 

Watch the full video here: https://youtu.be/ZZm11x3kksI?si=EGSaMmTb_A8XCUGM-----------

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The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances.

Business Inquiries: [email protected]

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Disclaimer: 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.

📥 Subscribe to the Pulse Newsletter for Weekly Market News (FREE) ➤ https://www.theinvestingacademy.ca/pulse

Binance, the largest crypto exchange in the world, has agreed to a USD $3.4 billion fine and penalty, and the Founder and former CEO Changpeng Zhao has plead guilty to criminal charges. He has been ordered to stay in the US after his guilty plea. How will this change the crypto industry? Will this just add to the pile, following FTX's Sam Bankman-Fried's seven convictions?

Also on this episode, the Liberal Federal Government has started to consider ways to have the largest pension plans in the country, including the Canada Pension Plan, invest more of their funds in Canada. There is pushback from pension fund managers, who say their mandate is to generate higher returns, even if it means going around the world to do it.

And, Bank of Canada Governor Tiff Macklem has suggested that the interest rate cycle may be at its peak, and the next move may be down. This will affect interest rates, mortgages, personal loans, and more. We review what he had to say.

Watch the full video here: https://youtu.be/fx0q-oDwgwI?si=Xwo95tD9pyyMxSN2-----------

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The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances.

Business Inquiries: [email protected]

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Disclaimer: 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.

📥 Subscribe to the Pulse Newsletter for Weekly Market News (FREE) ➤ https://www.theinvestingacademy.ca/pulse

Finance Minister Chrystia Freeland delivered the Fall Economic Update Tuesday. In this video, I'll cover the most important elements of the speech that affect all Canadians.

Also on this episode, we'll look at Canada's most recent Inflation report, showing that CPI was down for the month. And we'll discuss Nvidia's quarterly earnings report, which disappointed investors.

Watch the full video here: https://youtu.be/pft1jhYIz0Y?si=0B0xyj-bRpKAUt7j-----------

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The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances.

Business Inquiries: [email protected]

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Disclaimer: 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.

📥 Subscribe to the Pulse Newsletter for Weekly Market News (FREE) ➤ https://www.theinvestingacademy.ca/pulse

It was a crazy weekend for OpenAI and ChatGPT, as co-founder Sam Altman was fired by the board of directors, and almost immediately hired by Satya Nadal at Microsoft. One of the pioneers of Artificial Intelligence (AI) is now part of one of the largest companies in the world.

Also on the program today, the latest US Leading Indicator has been published by the Conference Board, and it's pointing to a mild recession. Also, we have a scandal brewing in Canada and Annette Verschuren has resigned from her role with Sustainable Development Technology Canada. Elon Musk and Twitter (X) are under fire again, with a long list of companies pulling advertising, including Disney, Apple, Sony, Comcast, IBM, and more. Finally on the show today, GenZ workers will soon be taking over from the baby boomers when it comes to the workforce.

Watch the full video here: https://youtu.be/pzFBXKy5OQI?si=FSTmlZ4xvmhfuVuz-----------

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The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances.

Business Inquiries: [email protected]

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Disclaimer: 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.

📥 Subscribe to the Pulse Newsletter for Weekly Market News (FREE) ➤ https://www.theinvestingacademy.ca/pulse

Curious about why a Canadian REIT has decided to suspend distribution? This video provides a measured explanation of the major factors involved, aiming to help investors understand the situation without unnecessary hype.

Also on this episode, we cover the sale of the steel making coal unit of Teck to Glencore, we look at more job cuts at Manulife, following the layoffs from the big banks. Also, Ontario is introducing legislation that will make it mandatory to include salary in job postings, and we'll update earnings reports from Target, Home Depot and Loblaw.

Watch the full video here: https://youtu.be/FieqHy1a2ho?si=9hvSCEIntR4RRioB-----------

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The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances.

Business Inquiries: [email protected]

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Disclaimer: 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.

📥 Subscribe to the Pulse Newsletter for Weekly Market News (FREE) ➤ https://www.theinvestingacademy.ca/pulse

In today's video, we delve into the pressing issue of Canada's growing income gap. As the economic landscapes shifts, so does the divide between the haves and the have-nots. Do the rich pay enough taxes? Do you see this gap ever narrowing? Join us as we analyze the latest data.

Also on this episode, we'll look at the latest U.S. Inflation numbers and see how quickly the scammers have moved to overcome the new legislation that the province of BC has put into place to fight short-term rental companies like VRBO and Airbnb. Stellantis has announced it's offering buying packages to its non-unionized staff, and we'll look at earnings from Suncor & Algonquin Power.Watch the full video here: https://youtu.be/3oQgtzHjcbw?si=KZ9dfx2cfFPgLXDx-----------

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The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances.

Business Inquiries: [email protected]

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Disclaimer: 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.

📥 Subscribe to the Pulse Newsletter for Weekly Market News (FREE) ➤ https://www.theinvestingacademy.ca/pulse

In this episode we'll look at the upcoming CPP changes that take effect in 2024 is designed to improve the retirement security of Canadians, especially younger workers. Is it fair to older generations who have paid into the system for decades?

Also on the program, the Canada Revenue Agency is increasing the interest rate it charges for overdue taxes and late installment payments. Statistics Canada has released the new Trade Balance numbers, and Canada has an unexpected surplus in October. Also, the RBC takeover of HSBC branches might be in jeopardy, as Pierre Poilievre and the House of Commons Finance Committee want to stop the deal. Also, Unifor and Stellantis have ratified the auto agreement, and we have earnings from IA Financial, Intact Financial, Rivian and Uber.

Watch the full video here: https://youtu.be/L_35xnhL3FU?si=e5yJCYL45IY0AuDz-----------

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The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances.

Business Inquiries: [email protected]

-----------

Disclaimer: 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.