Canada Jobs Report EXPOSED: Fake Numbers & Economic Disaster Unfolding 🚨🇨🇦

[00:00:00] Speaker 1: Is Canada an economic miracle or is it an economic disaster? That's exactly what we're going to get into in this live stream. Get in the chat. Please like this video. Here we go. Canada adds 75,000 new jobs in July. Unemployment rate lowest in two years. Oh my God. Is this the soft landing? Is this the recovery? Was Mark Carney right? Were we all wrong on this channel here? Canadian economy grew 0.3% in May, paving the way for second quarter rebound. Oh my God. This is just unbelievable growth. Like it's absolutely fantastic. What is happening here or is something else going on? That's exactly what we're going to be getting into here. So the unemployment rate has gone down, as you can see, but can you even trust that number? Well, more on that in just a moment. And here's what Mark Carney said about the economy recently. [00:01:05] Speaker 2: You've seen now the start of the transformation in the economy just beginning to show up in the numbers. We're creating jobs at twice the rate of the United States. We have foreign direct investment twice the rate of our nearest G7 competitor, which is the United States. We are seeing growth pick up in this quarter. And most fundamentally, what we're seeing is business investment beginning to pick up. And that's because we've kept focused on what we can control. [00:01:37] Speaker 1: So there you go. Like he's saying, economy, the numbers are finally starting to catch up. Or is something else going on here? Is the money printing still going on? Still printing money? According to the money supply, yes. And about that direct investment, 40% of Canadian manufacturers weigh and move to the US must be made up. I mean, it's absolutely insane. But, you know, Bear Dwelling has just exposed both of those reports before, I mean, the May numbers, we had those when this came out. But the jobs numbers, they'd already done a great job with that. So let's get into those fake GDP numbers that they were just talking about there. So basically, these owner-occupied rents, now what is that? That is basically just what they're saying people are renting out their house for. I mean, it's like a made-up number, essentially. But that has contributed 23% to the total GDP expansion in that quarter that was just reported as the rebound. It's the rebound. It's the soft recovery. I mean, it's the soft landing. Should I say? Sorry, I haven't had my coffee this morning. So I might be a little bit all over the place here. But its contribution to GDP growth was smaller for oil and gas, 15.1%. So, you know, oil and gas was taking the headlines. But when you actually dig a little bit deeper, it was this owner-occupied rents. And here is the crazy thing. Look how much this contribution has just gone up. This is the share of total GDP from the owner-occupied category. And it's just gone up and up and up and up. And we're supposed to just think these numbers, we can follow them. Yes, the economy is rebounding. It doesn't matter because the people who Mark Carney is speaking to in this clip is mostly boomers. It's mostly older people. It's not all boomers, but it's mostly a lot of older people. And for them, things are great. And I was just talking to John Flynn about an hour ago. And, yeah, he's totally right. Things are great for that group of people. So they're going to eat this shit up. Whereas the average person, you know, they're seeing their standard of living plummet. I mean, it's just a complete K-shaped economic recovery. And now I want to show you this as well. Even a big bank. So we're not talking conspiracy theories on the Market Mania channel here. CIBC has even said that the job market numbers, hey, they look a little bit fake, guys. So I rest my case. I don't rest my case. We've just got to go into this a little bit further. But even CIBC is saying it here. So the highlight of this is that, I mean, this is crazy. It really is. Statcam reported a 6.8% unemployment rate in 2025. But it can be as high as 7.5% if CIBC's estimates flow directly into the labor force survey. That's the difference between a soft job market and one approaching recessionary levels. And here you have supposedly this rebound. But, you know, are they counting the population correctly? Well, more on that in just a moment. Because there might be 2 million people potentially in Canada working without visas right now. But we'll get on to more of that and the mechanics as we go on here. So the 210,000 person methodology gap the bank projects for both 2026 and 2027 would have had an even bigger impact. So, I mean, it just goes to show all a lie. Totally correct. I agree with you. Because, yeah, I mean, even the banks, the banksters, these are the guys Mark Carney is meant to be friends with, are even calling him out on it as well. And another thing, I went and did a little digging. I wish I could have found more reports in the news about this. Because I didn't really think 2023, 2022, 2021 or 2020 would be very accurate for this. And I was looking 2019, 2018. Couldn't really find much for that. But, you know, in 2024, the C&E Fair, the job fair, was drawing 37,000 people who applied, right? Okay. So, in 2025, that number jumped to 54,000. So, that was in 2025. In 2026, it's still at 50,000. Yet, you're meant to believe the economy or the job market, at least for youth unemployment and at least for other unemployment, is back to 2024, which wasn't even a great time anyway as well. So, we're also going to get on to the Canadian dollar. We're going to get into that report in more detail as we go on here. So, please stay tuned. If you're enjoying, please like. If you want to see this every single month, then please subscribe because I'm covering this every single month. And this is the youth unemployment right now. So, you can see, you know, youth unemployment back in 2023, 2024 was around 11.5 and it's at 12.6 today. But it's down off these highs of 14.6. I've put the yellow line where the youth unemployment is so you can see historically, is it high, is it low? It's kind of average to higher, I would say, there as well. So, it's pretty interesting. You know, I think it's kind of crazy, really, how both the GDP... I mean, I don't think it's crazy, actually, at all. I mean, I've suspected it the whole time. We've said how the manipulation with the public jobs has been going on. And there's been good news, actually, there, which we'll get onto if you can even believe the report. And then you've got Toronto business closures as well. And you only have to look at these charts as well. So, these are the active businesses operating across Toronto. And you can see it's clearly trending down. This is the biggest city in Canada, the so-called economic powerhouse, the place where you're going to pay millions of dollars to live, essentially, because it's such an amazing place. But look at this. Toronto sees most April business openings in at least seven years. So, the openings were 10,868. But you have to subtract those off the amount that closed, which was 152. So, when the free money was pouring into the economy, which was really back in 2022, there was a much bigger split there. The amount of businesses that were opening there was nearly 1,000. And right now, it's 150. And that was all fake, as we know. But it was a fake booming economy. Like, we knew it was destined to fail. But still, if that was real growth, and you were seeing that consistently year over year, then 800, 900 businesses opening would be a booming economy. 152? I mean, that's basically, basically flat. And then you've got this as well, because I talked about the boomers, the people with a lot of wealth. Those people, they're happy. They're giving Mark Carney the thumbs up. But, like, 70% of people, not so happy. The people who are middle-income earners, lower-income earners. I mean, the lower-income earners are relying more and more on credit cards to buy groceries, lines of credit, payday loans. This is just another one from Equifax. So, you know, it is a survey. But still, I mean, that is literal depression stuff for those people. They're having to put groceries on a credit card. And they're not paying that off. The balance is just going up and up and up. And we see that with household debt. Over $3.2 trillion. So, when people ask where the growth is coming from, well, if there's any, it's arguable. I mean, it's debatable. It's coming from debt. That's where it's coming from. And then you've got this as well. Even Bloomberg piling on here saying Canada is the economic miracle. [00:10:45] Speaker 3: The short answer to your question is that money is pouring into Canada like we have not seen from everywhere. Stocks and bonds are the obvious beneficiaries. One example. [00:10:58] Speaker 1: And think about who benefits from that the most. It's the people who vote for Mark Carney. That's not an accident. And that's one of the main measures that they actually measure money coming in. Not actually investing into private businesses. Not businesses actually starting up. No, just investing in stocks. And I mean, stock prices and global stock prices, stock markets in different places, especially like the United States. The S&P was hitting just an all-time high the other day. So, you're going to see more of that flows coming out of the U.S., going to other places as well. But it doesn't mean that your economy is booming there. So, it's kind of hilarious. And then I had to throw in this clip as well because I just thought it was so hilarious from yesterday. Although, at least that's when I saw it posted. But you've got to take a listen to this. [00:12:02] Speaker 4: I love tariffs, right? Because we've been screwed by tariffs used against us for years by China, by Japan, by South Korea, by Germany, by everybody, by Canada. Canada's nasty. They are. They're nasty. People think Canada, they're nasty. People, I love the people, but they're nasty. Nasty leadership. And Mexico, they all did it to us. [00:12:27] Speaker 1: You're looking right there at the number one stock trader in the U.S. right now. I mean, it is kind of funny what he says there. But, I mean, yeah, it just goes to show he says Canada's leadership is nasty. So, I mean, is he getting a dig at Mark Carney there? Certainly seems like it. And then you've got Ben here just posting about the insane amount of crime as well. So, you saw all this influx of people on student visas. And obviously, Sam Cooper has been speaking about this for a long time. And you've got gangs that have also come in, seized the moment from India. So, you've now got Indian gangs. And you've got this Wolfpack Alliance as well that is operating, which is basically just all of the gangs and cartels collaborating together as Canada is like the transnational hub now for crime. I mean, it's absolutely wild. But, yeah, let's get into that labor market report so you can just see what's gone on and what their sayings happen. Whether you choose to believe it, you can be the judge. But you can see here wholesale and retail trade, real estate, technical services, construction, manufacturing. I mean, I call BS on construction and manufacturing there. They're the ones that were the top gainers there. And if you can believe it, I mean, I hope this is true. Public administration, so government jobs, lead in the decline. The funny thing is there, in the last payroll report, which often contradicts this report because this is just a telephone survey. It's not accurate at all. I mean, often that report shows the complete opposite. And it did with Met. I mean, it did with June, sorry. So, will it do the same with July? We'll have to stay tuned for that one. And you can see this is what happened when you break it down there. I mean, if this were true, it would be absolutely fantastic, actually, because the main thing that stands out to me there is this self-employed growth, which is always good because that means small entrepreneurs breaking into the market, starting up businesses, that's really, really good. And you've also got that coming off the public sector employee declines. But yeah, the private sector would be absorbing it if it was the case that it were true. Now, if you take a look, what they're talking about is the population there, the way they're counting those population numbers not being accurate, that there could be millions of people in Canada on expired visas still working, which would mean the labor force would be a lot bigger, which would mean the unemployment would be higher because it's a big chunk of people we're talking about. When you're talking about millions of people here, this is where all the data just becomes like it's so hard to measure because it's so inaccurate to begin with. And then you have the massive swings in the population happen as well. And it just blows it all out. I mean, I mean, I am going to continue covering this every month, but it's getting to the point where I'm like, is it even worth covering? But anyway, you take a look at this. So from June to July, you can see that they're saying the population gained a tiny bit. This is the working population there. But, you know, if you look over the past year, it's like the same thing is pretty much flat. And they're saying here like this came from Wealthmoose. IRCC confirmed they cannot locate 2 million expired visa holders. So, you know, that's immigration, refugee, Canadian citizenship, whatever it is. And then you've got the CBSA who say they don't have the resources to find them. I mean, talk about out of control immigration. And for a lot of people, they don't realize either that actually when people's work permit expire, expires, their sin doesn't. So that can mean they can continue working, they can continue paying taxes, and they might not even know, like it might not catch up to them for a long time, especially if they're switching employment, because by the time it does catch up with them, they've already left that job, moved to another one. So the sin, I mean, just having a nine there shows it's temporary, but it doesn't actually expire. So it's not the case that after so long, the employer is going to get a notification, hey, you can't work anymore. You're now illegal. No, nothing like that happens. That's the system that Canada has, but 2 million. And I mean, how many of those will be turning to crime? I mean, it's completely insane. Take a look across the provinces here. Alberta was flat. You know, BC was down slightly on unemployment. Ontario down. Quebec was up slightly. Atlantic Canada up and down. As you can see, it was kind of a mixed bag. Not really much going on there. But can you really trust these reports? I mean, at the end of the day, that's something you got to think about. And the Canadian dollar is surging. But as I put on X, I don't think this has anything to do with the labor force survey. I mean, that just provides an extra tailwind to it. But I mean, the funny thing is the mainstream media and the financial media, like those talking heads on fucking Bloomberg will be on there later going, oh, the Canadian dollar is strong, everybody, because of that labor report. Okay, so riddle me this. Go back to the GDP report. Look what happened to the Canadian dollar. It went down for three days after that. So if markets were just fundamentals, we'd all be rich. You would be rich. I would be rich. It would just be easy. It doesn't work like that. This was a product of record bearishness and short positions as I went over on the live stream two weeks on Monday back when we had this COT data, which is basically commitment of traders, which comes out on the Friday. If there's one thing I know, it's fucking markets. And the mainstream media is going to be telling you this is a product of a booming economy. It's not that does provide some tailwinds for sure. Totally in agreement with that. But this is more of a product of a short squeeze of hedge funds. The hilarious thing is, though, you've got bonds. These would be going up way, way more than they are. They are up today, but they're not even up as much as they were last Friday. So, you know, if this was really booming, you would see much more movement. And really, they're just kind of following Western bonds and U.S. treasuries. And last time I checked on treasuries, they're actually, you know, flat to coming off a little bit down today. So you've got the Canadian bond market that's rallying. So interest rates are going up. So, you know, that's the thing that people have to get their head around now with this is basically if the numbers keep coming out and they are good. And even if they are good, let's just say hypothetically, the Canadian economy is recovering. The numbers are good. Interest rates are going to go up a shitload more. You're going to see interest rates surging. So all those people renewing mortgages with massive losses, that's just even more pain in the real estate market. And might I remind you as well, this was where the Bank of Canada said the declines were going to stop to the GDP like that was going to detract. Well, more could be coming in the future. So it's pretty interesting because rates go down on like sentiment of a bad economy and inflation possibly coming down as well. Rates go up. Economy's better. Inflation could be going up as well because you've seen like rates have been going up since oil prices have been going up. And I haven't actually checked on oil today. Let's take a look real quick. What's going on with it? Haven't checked it in a few days. Yeah, so it has come off a lot, which is good. I'm happy to see this coming down because it needs to come down. I mean, even if it's because like global economy is going to collapse, I mean, for the world economy, I mean, well, for the global economy, if the global economy is collapsing, that is bad. But even if it's just because the economies aren't doing so well, so less demand for oil, it's still a better thing because everybody just gets squeezed with higher oil prices. And it just means higher prices, higher inflation or layoffs. So anyways, that's just what it is. Did I do any good without coffee? Let me know in the comments below. If you've enjoyed this video, please consider checking out this video here about a cashless society. Very, very important. If you want to help support the channel, links in the description as always. And you have yourself a phenomenal weekend. Thank you so much.