539 – Canadian Insolvency and Economic Trends in 2025

539 – Canadian Insolvency and Economic Trends in 2025

Author: Doug Hoyes January 2, 2025 Duration: 31:37

As 2024 comes to an end, Doug Hoyes and Ted Michalos revisit their past predictions to see what they nailed—and what surprised them.

They cover everything from inflation and insolvency to unemployment and real estate and, using the latest economic data and trends, share their evidence-based predictions for 2025.

Do you agree with Doug and Ted, or do you have a different perspective to share? Let us know in the comments!


Timestamps:

(2:00) – Doug and Ted's 2024 predictions on inflation

(6:00) – Insolvency trends and forecasts from 2024

(10:00) – Returning to pre-pandemic insolvency numbers and trending upward

(10:50) – Discussion on unemployment rates

(14:20) – A closer look at rising credit card debt

(15:15) – Real estate, homeownership, and pre-construction agreements

(19:00) – Is Canada in a recession? Examining GDP trends

(23:00) – Doug's take: Why Canada is already in a recession

(24:00) – Predictions for 2025 in key economic areas

(26:00) – Wildcard topic: Should Canada be concerned about tariffs?

(27:00) – Insolvency Predictions for 2025


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Disclaimer:
The information provided in the Debt Free in 30 Podcast is for entertainment and informational purposes only and is not intended as personal financial advice. Individual financial situations vary and may require personalized advice from a qualified financial advisor. Always consult with a financial professional. The views expressed in this episode do not necessarily reflect the opinions of Hoyes, Michalos & Associates, or any other affiliated organizations. We do not endorse or guarantee the effectiveness of any specific financial institutions or strategies discussed.


Doug Hoyes sits down each week with a different specialist to untangle the complicated feelings and hard numbers around owing money. The conversations in Debt Free in 30 move beyond simple scare tactics or dry theory, focusing instead on actionable strategies for managing debt, rebuilding savings, and making informed investing choices. You’ll hear from trustees, financial planners, and counselors who explain concepts in plain language, stripping away the industry jargon that often leaves people feeling overwhelmed. Whether it’s navigating a consumer proposal, understanding credit scores, or starting to invest with a tight budget, this podcast provides a clear-eyed look at the steps toward financial stability. Doug’s approach is grounded and pragmatic, reflecting his deep expertise in the field, making each episode feel like a direct consultation with a knowledgeable guide. Tuning in regularly offers a consistent source of demystified advice, turning what can be a stressful topic into a manageable process. It’s that blend of expert insight and relatable conversation that defines this particular personal finance podcast.
Author: Language: English Episodes: 100

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