shockedcanadian
Diamond Member
- Aug 6, 2012
- 37,648
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The only expansion we have in Canada are the TPS, OPP and RCMP. Put a fork in Canada, we were done before the pandemic. Now it's just a sharp and persistent decline for our future. Standard of living and our Middle Class will be finished. As I've stated numerous times, "we lose our best and brightest talent". It is with good reason.
At least we have more than enough of the creepy covert apparatus to keep everyone in check when people realize they've been duped for the last 30 years.
finance.yahoo.com
Canada’s rebound unexpectedly stalled through spring and early summer, raising questions about the resiliency of the nation’s economy.
Gross domestic product fell at an annualized 1.1% pace from April to June, Statistics Canada reported on Tuesday, down from a revised 5.5% gain in the first three months of the year. Economists in a Bloomberg survey were anticipating a 2.5% expansion.
Adding to the disappointment, economic growth fell a further 0.4% in July, according to a preliminary estimate.
It’s a worse-than-expected result that may prompt analysts to reconsider how quickly the nation’s economy will be able to fully recover from the pandemic, heightening worries about growth just as the country braces for a fourth wave of Covid-19 cases. Bank of Montreal economists immediately cut their forecasts for 2021 growth, while the Canadian dollar fell.
“It seems that the Canadian economy wasn’t on as strong a footing as we had believed,” said Royce Mendes, an economist at Canadian Imperial Bank of Commerce.
The GDP report is also poised to become an election issue, potentially opening Prime Minister Justin Trudeau’s economic record to criticism and fueling demands for more government spending. Canadians are headed to the polls Sept. 20.
At least we have more than enough of the creepy covert apparatus to keep everyone in check when people realize they've been duped for the last 30 years.
Canada’s Economy Unexpectedly Contracts 1.1%; Loonie Weakens
(Bloomberg) -- Canada’s rebound unexpectedly stalled through spring and early summer, raising questions about the resiliency of the nation’s economy.Gross domestic product fell at an annualized 1.1% pace from April to June, Statistics Canada reported on Tuesday, down from a revised 5.5% gain in...
Canada’s rebound unexpectedly stalled through spring and early summer, raising questions about the resiliency of the nation’s economy.
Gross domestic product fell at an annualized 1.1% pace from April to June, Statistics Canada reported on Tuesday, down from a revised 5.5% gain in the first three months of the year. Economists in a Bloomberg survey were anticipating a 2.5% expansion.
Adding to the disappointment, economic growth fell a further 0.4% in July, according to a preliminary estimate.
It’s a worse-than-expected result that may prompt analysts to reconsider how quickly the nation’s economy will be able to fully recover from the pandemic, heightening worries about growth just as the country braces for a fourth wave of Covid-19 cases. Bank of Montreal economists immediately cut their forecasts for 2021 growth, while the Canadian dollar fell.
“It seems that the Canadian economy wasn’t on as strong a footing as we had believed,” said Royce Mendes, an economist at Canadian Imperial Bank of Commerce.
The GDP report is also poised to become an election issue, potentially opening Prime Minister Justin Trudeau’s economic record to criticism and fueling demands for more government spending. Canadians are headed to the polls Sept. 20.
