What If Canada Actually Joins the U.S.??
TLDR
Deep Dive
What are the key economic comparisons between Canada and the U.S. if Canada were to become the 51st state?
If Canada became the 51st U.S. state, it would be the largest and most populous state but rank fourth in economic output, trailing California, Texas, and New York. In terms of output per person, Canada would rank last among U.S. states. However, when adjusted for currency differences and local purchasing power, Canada's output and median household income are higher than most U.S. states. Median Canadian households also have more wealth than their U.S. counterparts, partly due to high housing values, though this contributes to housing affordability issues.
How does Canada's quality of life compare to the U.S. if it were to join as a state?
Canada outperforms the U.S. in several quality-of-life metrics. It has a higher life expectancy, lower murder rates, and significantly lower gun ownership rates. Healthcare is more affordable, and Canadians generally enjoy a higher standard of living. Additionally, Canada ranks higher in median household wealth and income when adjusted for local currency and purchasing power.
What are the housing affordability challenges in Canada compared to the U.S.?
Canada faces significant housing affordability challenges, with housing being more unaffordable than in any U.S. state, including high-cost areas like California and Hawaii. This is partly due to high housing prices, which have driven up median wealth for homeowners but created barriers for new buyers.
What are the humorous suggestions for which U.S. states Canada could annex?
The hosts humorously suggested that Canada could annex Alaska for its natural beauty and logical geographic fit, and Florida for its warm climate and unique culture. These suggestions were made in jest, highlighting the playful tone of the discussion.
What was the outcome of the FOMO News Quiz in the episode?
Sarah Rieger won the FOMO News Quiz, maintaining her title from previous years. The quiz included questions about pop culture, business news, and Canadian trivia, such as the new Taylor Swift law course at Queen's University and the Canadian Mint's guitar-shaped toonie.
What is the TLDR podcast's stance on investment advice?
The TLDR podcast, produced by Wealthsimple Media Inc., explicitly states that its content is for informational purposes only and does not constitute investment advice, recommendations to buy or sell assets, or represent the views of Wealthsimple Financial Corp or its affiliates.
Shownotes Transcript