shockedcanadian
Diamond Member
- Aug 6, 2012
- 32,168
- 29,534
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I warned Canada over a decade ago, now I watch the wheels go round and round as our top talent continue to ply their skills in foreign lands and assist those businesses to crush ours.
This country was always going to have to pay the Piper, the Wuhan Virus just sped up the process. They can blame the excessive interference in our economy by the Creepy Ones and their families. The Great Racket of the last 150 years. It finally stole more than was available.
Canada's economy may never return to what it once was - Macleans.ca
When the Chainsaw bar in Waterloo, Ont., opened its doors in mid-2009, it was just weeks after the official end of the last recession and the start of the long-slog recovery that followed. Even so, the bar soon became one of the university town’s most popular watering holes, renowned for its cheap drinks and raucous karaoke nights. So when the bar temporarily closed its doors on March 16, part of the expanding effort to stop the spread of COVID-19, many locals expected the place to be back up and running once the viral threat had subsided.
Instead, in late April, owner Ryan Good announced the shutdown would be permanent. With debts piling up, he says, even the federal government’s various rescue packages couldn’t overcome two questions nagging him: “What is the world going to look like when we come out of this, and could Chainsaw be a part of that new world?”
The bar’s ordeal, and the loss of 50 full- and part-time jobs there, is a microcosm of a punishing story unfolding across Canada as the country endures an economic collapse many economists warn will make the Great Recession seem tame by comparison. To combat economic fallout from the lockdown, governments and policy-makers have announced a barrage of historic measures—like emergency loans, wage subsidies and commercial rent assistance—aimed at putting businesses on life support so they can survive until social distancing restrictions are lifted. The hope, as Prime Minister Justin Trudeau has repeatedly put it in his daily press briefings, is that these steps will allow the economy to come “roaring back.”
This country was always going to have to pay the Piper, the Wuhan Virus just sped up the process. They can blame the excessive interference in our economy by the Creepy Ones and their families. The Great Racket of the last 150 years. It finally stole more than was available.
Canada's economy may never return to what it once was - Macleans.ca
When the Chainsaw bar in Waterloo, Ont., opened its doors in mid-2009, it was just weeks after the official end of the last recession and the start of the long-slog recovery that followed. Even so, the bar soon became one of the university town’s most popular watering holes, renowned for its cheap drinks and raucous karaoke nights. So when the bar temporarily closed its doors on March 16, part of the expanding effort to stop the spread of COVID-19, many locals expected the place to be back up and running once the viral threat had subsided.
Instead, in late April, owner Ryan Good announced the shutdown would be permanent. With debts piling up, he says, even the federal government’s various rescue packages couldn’t overcome two questions nagging him: “What is the world going to look like when we come out of this, and could Chainsaw be a part of that new world?”
The bar’s ordeal, and the loss of 50 full- and part-time jobs there, is a microcosm of a punishing story unfolding across Canada as the country endures an economic collapse many economists warn will make the Great Recession seem tame by comparison. To combat economic fallout from the lockdown, governments and policy-makers have announced a barrage of historic measures—like emergency loans, wage subsidies and commercial rent assistance—aimed at putting businesses on life support so they can survive until social distancing restrictions are lifted. The hope, as Prime Minister Justin Trudeau has repeatedly put it in his daily press briefings, is that these steps will allow the economy to come “roaring back.”