Weekly Address June 13th Edition

In this Weekly Address we have included some of the latest industry news as well a new video from Scott McGillivray. Lots to cover. 


🎟️ Are you coming to the Scott McGillivray Launch Event in Toronto on June 17th? (Tickets) Meet Scott as well as a few other addy Issuers who will be in attendance. 


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Today’s reading time is 3½ minutes. 

📰 Industry News

Posthaste: This data is making a case for the Bank of Canada to cut interest rates in July

The unemployment rate rose to 6.2 per cent in May, and the employment rate fell to its lowest level since late 2021. The economy gained jobs, but they were all part-time. Full-time positions dropped the most in one month in almost two years. (Financial Post)

Poilievre comes out against capital gains tax change, Liberal plan passes with backing of other parties

Conservative Leader Pierre Poilievre and his party opposed the Liberals’ plan to increase Canada’s capital gains inclusion rate on Tuesday, in a vote that still passed with the backing of the NDP and Bloc Quebecois. (CTV)

Vancouver Island’s recreational property prices set to rise in 2024

Recreational property prices on Vancouver Island and across Western Canada will likely rise this year as many owners hang on to properties despite interest rates, short-term rental restrictions and a proposed capital gains tax increase, according to two key reports. (Times Colonist)

Liberal government launches $1.5B program to build more co-op housing

Housing Minister Sean Fraser announced the launch of a $1.5-billion co-operative housing development program that the federal government promised in its 2022 budget. Fraser was in Winnipeg on Thursday to announce the program, which Liberals touted as the largest federal investment in co-op housing in 30 years. (Vernon Morning Star)

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