Canadian economy facing deep-rooted problems as wages stagnate, household debt mounts

Discussion in 'Canada' started by shockedcanadian, Oct 4, 2018.

  1. shockedcanadian
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    shockedcanadian Platinum Member

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    Not looking good. Socialism, abuse of individual liberty, free markets and a covert police state lead to failure. This is BEFORE the housing collapse of Toronto and Vancouver, stay tuned for that...

    Canadian economy facing deep-rooted problems as wages stagnate, household debt mounts

    The tough economic work may only just be starting for Justin Trudeau after Canada struck a last-minute deal to be included in the new NAFTA.

    Wages are barely keeping up with the cost of living, business executives complain they can’t compete and households are carrying record levels of debt that will weigh down the expansion.

    Trade peace with the U.S. means attention now turns to more deep-seated problems clouding the economic outlook. Pressure is growing on the Canadian prime minister to act starting with a budget update in coming weeks, with potential implications on a range of policies from how quickly he reduces deficits to the scope of planned corporate tax cuts heading into an election year.

    The concern, however, is there may be few short-term fixes, leaving the economy mired in a cycle of low growth and stagnating incomes for years to come.
     
  2. anotherlife
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    anotherlife Gold Member

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    Not a surprise, considering that Canada has been following European taxation models for decades. Corporate tax cuts will not help either. Canada, if it was interested in economic growth, which it is not, then it would eliminate wealth tax, and it's bottom 3 tax brackets altogether.
     

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