Boom Bust Season 2 Episode 88 Canadas Currency War

As Canada's economy struggles in the midst of a global pandemic, Boom Bust turns its attention to the country's currency and the potential for a currency war. In this episode, the hosts examine the ongoing fluctuations of the Canadian dollar, which has seen significant weakening against the US dollar in recent months.

To understand the situation, the show examines the underlying factors that are contributing to the instability of the Canadian economy. As a resource-rich country, Canada's economic fortunes are often tied to the global market for commodities. Slowing demand for oil, metals, and other exports has weighed heavily on the country's growth prospects. Additionally, the rising tide of protectionism and trade wars around the world has hit Canada's export-oriented industries hard.

Against this backdrop, the Canadian dollar has struggled to maintain its value. In the episode, the hosts explore the various forces that are affecting the currency, including interest rates, inflation expectations, and political uncertainty. They also delve into the complex relationship between the Canadian and US dollars, both of which are used extensively in cross-border trade between the two countries.

As the title suggests, the episode also examines the possibility of a currency war between Canada and its trading partners. A currency war, in which countries try to devalue their currencies to gain a competitive advantage in international trade, is seen as a dangerous game. While it can boost exports in the short term, it can also lead to inflation, capital flight, and instability in financial markets.

The hosts investigate the likelihood of a currency war, both in the context of Canada and globally. They speak with experts in the field, including economists, traders, and policymakers, to get a sense of the risks and opportunities involved. They also analyze the potential fallout from such a conflict, both for Canada and for the global economy.

Throughout the episode, Boom Bust provides insightful analysis and thoughtful commentary on the complex issues involved in Canada's currency woes. With a focus on the economic and financial aspects of the story, the show provides a unique perspective on one of the most pressing issues facing Canada and the world today. Whether you're a seasoned investor or just interested in the latest economic news, this episode is sure to inform and enlighten.