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Mark Carney: The Economist Who Took on Trump and Won

  Mark Carney, a former central banker, has emerged as Canada’s prime minister following a dramatic election that reshaped the political landscape. His victory was fueled by a surge of nationalism in response to U.S. President Donald Trump’s aggressive rhetoric and trade policies. Trump’s threats to annex Canada as the “51st state” and impose steep tariffs on Canadian goods galvanized voters, turning Carney’s Liberal Party from underdogs to champions of Canadian sovereignty. Carney’s campaign centered on defending Canada’s independence and rebuilding its economy to reduce reliance on the United States. His experience as governor of the Bank of Canada and the Bank of England lent credibility to his promises of economic resilience. In his victory speech, Carney declared, “President Trump is trying to break us so that America can own us. That will never, ever happen”. The election results marked a stunning comeback for the Liberals, who were initially projected to lose to the oppositi...
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Is Now the Time to Invest in Your Dream Cottage? Experts Predict a 4.5% Drop in Cottage Prices Across Canada in 2023

The Canadian cottage market has been on a rollercoaster ride for the past two years, with prices soaring to unprecedented heights. However, the market is now starting to stabilize, and experts predict a 4.5% dip in cottage prices across the country in 2023. This forecasted drop in prices could be attributed to general consumer inflation and a severe lack of inventory, which has dampened sales activity.

Despite the market stabilizing, buying a cottage is still expensive, with prices remaining 32% higher than pre-pandemic levels. However, with the predicted price drop, now could be the perfect time for buyers to pounce and invest in their dream cottage.

If you’re considering buying a cottage, it’s essential to keep in mind that prices vary across the country. For instance, in Ontario, the aggregate price of a waterfront property increased by 8.9% in 2022, compared to 2021. In contrast, Quebec saw a 17.3% increase in the aggregate price of a waterfront property in 2022.

In conclusion, with the predicted price drop in 2023, now could be the perfect time for buyers to invest in their dream cottage. However, it’s essential to keep in mind that prices vary across the country, and it’s crucial to do your research before making any investment decisions.

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