Are the Tariffs finally happening or not? Host Alex McFadyen, delves into President Trump's March 3rd announcement regarding the implementation of tariffs on Canadian imports, including a 25% tax on goods and a 10% tax on energy products. The discussion covers the immediate market reactions, such as the drop in bond yields and the subsequent impact on mortgage rates. Alex outlines potential consequences for the Canadian economy, including a possible trade war, inflation risks, and job losses, particularly in manufacturing provinces like Ontario and Quebec. The episode also explores what these developments mean for Canadian homeowners and buyers, including the likelihood of fixed and variable mortgage rate changes. Alex emphasizes the importance of staying informed and being flexible in the current market landscape.

Alex McFadyen is a seasoned independent mortgage broker with over 14 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co.

Alex’s Social Media: @themortgagepug

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