Canada is COLLAPSING – Here’s What That Means for the Rest of the World
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 14 February 2025
⏱️ 27 minutes
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Summary
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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Transcript
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| 0:00.0 | percentage of those people are going into the U.S. |
| 0:01.9 | That, I mean, at the border as a percentage, what's been detained, I don't think, it's |
| 0:06.6 | less than I think a percentage of what's happening on the southern border. |
| 0:09.7 | So I think for context, I don't know, it'll be interesting to see what, uh, what ends up |
| 0:14.5 | happening after this 30 days. Um, you know, Trump may very well be using this as a, as a way to just re-establish a new framework for a conversation. |
| 0:23.7 | But look, I mean, the thing that a lot of Americans need to know is we export more than maple syrup and hockey players, right? |
| 0:30.5 | Like coming down to the U.S., like there's a lot of other things that we supply the U.S. |
| 0:35.6 | And, you know, I was hoping that, you know, we can maybe talk about some of that stuff |
| 0:39.2 | because I think a lot of people don't really know how much stuff comes down here from Canada. |
| 0:44.0 | And I think that's important. |
| 0:45.6 | Well, I didn't. |
| 0:46.3 | I'll tell you that. |
| 0:47.2 | I started looking into this. |
| 0:48.6 | You guys are our biggest importer. |
| 0:51.0 | I mean, we get crude oil from you. Like, but number one in the world, that's |
| 0:54.8 | 61% of all our crude oil comes from you. Yeah, there's, there's, uh, so much oil and gas |
| 1:01.0 | that comes down here. Plus most of the refineries in the Midwest and on the eastern seaboard, |
| 1:04.8 | they're only set up to deal with the Alberta crude, right? So the stuff that comes down from Canada, all those jobs, all the |
| 1:10.8 | refineries, all the upgraders, there's millions of jobs that are dependent on having that type of |
| 1:16.4 | oil coming in. Yeah. And it's, it's a big deal. But for real estate, you know, I already knew |
| 1:22.4 | that we got a lot of our lumber from their Canadian mills, house, you know, for homes and multifamily. |
| 1:29.1 | And, of course, so it's going to be interesting, these tariffs, see how far they go. |
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