Breaking News: Canada’s economy to see negative growth in Q2 and Q3 – CFIB
Have we ever been in a weird situation like this in the history of Canadian economy before?
All of these things are happening right now:
– Steadily rising core inflation even though covid was 4.5 years ago
– “Reduced” immigration levels, government can’t inflate the economy through new people
– Rising unemployment rate amongst core age workers (20-55) and record youth unemployment
– A trade deal not looking likely with out biggest trading partner until at least the end of the year
– BoC not making any moves and staying stubborn.
– RE prices steadily coming down.
