The real shocker to most of us would be that it started 2024 with any momentum at all.
Previous_Soil_5144 on
I’m doing my part!
By being possibly the least productive Canadian in the land.
akd432 on
Serious question- Why haven’t we had a recession yet? It would think by now the economy would have crashed. It’s really weird.
HanSolo5643 on
But hold on, I am confused. I was told by the Liberals that we have never had it better.
Vin-diesels-left-nut on
I do a fair bit of travelling for work, and this just isn’t true. I visit a lot of customers all over Canada and it seems to me the operation is ticking along nicely. It’s a shit show in this country for a million reasons but I’m not sure it’s the economy. Airports are always packed. Hotels are hard to come by in the big cities. Prices are insane for anything travel related and still people are there. Always there.
Megatron30000 on
Damn it’s like they write their articles months/years after the fact.
Is it really “news” now? We’ve known our economy is shit for a while now …
What’s next? Let me guess they’re going to pump out an article on how we now have to deal with the consequences of mass unvetted immigration?
Background_Panda_187 on
We invested all our capital in unproductive RE assets, which are sensitive to rates hikes.
We only have ourselves to blame.
Megatron30000 on
“Damn you Kim Campbell – you created all this mess “
——> some liberal somewhere
Bright-Ad-5878 on
Wow colour me shocked
darrylgorn on
Financial Post Headline for the last 5 years.
-crackhousebob on
Well, it seems the plan was to prop up the economy by bringing in 500,000 international diploma mill students to do DoorDash and sling double-doubles at Timmies. Canada will be dropped from the G7 and then fall out of the G20 soon as we pivot to developing nation status.
kylosilver on
I think they need to do it now by the june it will get worse.
TheRobfather420 on
Bit of a misleading headline since it’s still up. Also, according to this sub we’ve been in the negative for years thanks to “tRuDeAu” but this article indicates the economy was actually doing quite well and we’re experiencing a dip that started in February.
Such_Entertainment_7 on
As long as they pretend to pay us, we’ll pretend to work
FireWireBestWire on
Half of Canadian workers make less than 68,400 per year. Average rent in Canada is $26,000 /year, which is 38% of that income. People have no money to spend on anything except basic necessities. Besides raw material and service exports, out economy is mostly service-based. There is pent up demand for Canadians to buy things from Canadians. Raise wages and Canadians will help each other thrive. Take the money for those wages from the top 5% wealthiest Canadians.
BannedInVancouver on
It’s been happening for about a decade now, but it’s better to notice late than never.
SackBrazzo on
One of these days Canadians will need to reckon with the fact are horribly unproductive economy and sluggish growth is a cultural problem, not a political one.
Canada has a VERY conservative business culture and no change in government will change that
betatango on
All due to horrible policies from our incompetent federal leadership,
heswet on
Okay everyone, i want you to be 0.1% more productive and innovative, aaaaandddd goooo!
chronocapybara on
Turns out an economy based on rising housing prices doesn’t do so hot when housing prices are stagnant.
voiceofgarth on
r/canada … A place to list all the things you hate about Canada, Canadians and the Canadian government in particular. Ask about our upcoming Freedumb Convoys and Fuck Trudeau merchandise!
Lost-Specialist-7650 on
I’m no economist, but I’m pretty sure that lower productivity corelate with lower wages. Lower wages mean people moving to the US, which means lower GDP, which leads to lower investment and then lower productivity.
JonIceEyes on
Shocking news: Real Estate isn’t a real industry
Me and the other several thousand construction workers are real happy to have the steady work, but it’s super bad for the country not to do anything else
Night_Hawk-2023 on
Thank you Trudeau. 8 years is long enough.. something needs to change.
Hunter-Western on
Our economy’s health is dependent on strong real estate and construction numbers, with current high interest rates, new housing starts have plummeted creating a ripple effect through the economy. Less starts also mean less available supply, further increasing prices.
Gee, what could go wrong when every young Canadian’s spending power is being eaten up by housing alone
MapleCitadel on
Another million Uber delivery drivers will surely fix this.
ATINYNEKO on
Hmm to fix the problem, how about more taxes on everything? /s
ShennongjiaPolarBear on
I’m pretty sure I heard them say we need another 15 million people. Am I getting that right?
Bizkitgto on
When the national economic strategy is mediocrity, what do you expect?
buckshotmagee on
When did we have it?
TurdBurgHerb on
Trudeau: Ill just increase immigration!!! We don’t like innovation. Just people!! FUCK YOU CANADA I GOT MINE!
waterfox5 on
Tell us how bad it is again.
Tell us how the conservatives can fix it
None_of_your_Beezwax on
It had momentum?
tnn242 on
That assumes there was momentum.
Manofoneway221 on
Lower interest rates real estate cannot be allowed to stagnate more than it has now
ApprehensiveSlip5893 on
I have been saying for years that mass immigration is being used to give the illusion that the economy is doing better than it actually is but it won’t last. The worst part is that the poor economic situation will get worse over the coming years and liberals will blame the conservatives when they get power.
I_Boomer on
I think all economies are suffering, with the exception of oil rich nations. I see the end of Capitalism coming as resources dwindle. Soon there will be nothing left to exploit or capitalize on.
38 Comments
The real shocker to most of us would be that it started 2024 with any momentum at all.
I’m doing my part!
By being possibly the least productive Canadian in the land.
Serious question- Why haven’t we had a recession yet? It would think by now the economy would have crashed. It’s really weird.
But hold on, I am confused. I was told by the Liberals that we have never had it better.
I do a fair bit of travelling for work, and this just isn’t true. I visit a lot of customers all over Canada and it seems to me the operation is ticking along nicely. It’s a shit show in this country for a million reasons but I’m not sure it’s the economy. Airports are always packed. Hotels are hard to come by in the big cities. Prices are insane for anything travel related and still people are there. Always there.
Damn it’s like they write their articles months/years after the fact.
Is it really “news” now? We’ve known our economy is shit for a while now …
What’s next? Let me guess they’re going to pump out an article on how we now have to deal with the consequences of mass unvetted immigration?
We invested all our capital in unproductive RE assets, which are sensitive to rates hikes.
We only have ourselves to blame.
“Damn you Kim Campbell – you created all this mess “
——> some liberal somewhere
Wow colour me shocked
Financial Post Headline for the last 5 years.
Well, it seems the plan was to prop up the economy by bringing in 500,000 international diploma mill students to do DoorDash and sling double-doubles at Timmies. Canada will be dropped from the G7 and then fall out of the G20 soon as we pivot to developing nation status.
I think they need to do it now by the june it will get worse.
Bit of a misleading headline since it’s still up. Also, according to this sub we’ve been in the negative for years thanks to “tRuDeAu” but this article indicates the economy was actually doing quite well and we’re experiencing a dip that started in February.
As long as they pretend to pay us, we’ll pretend to work
Half of Canadian workers make less than 68,400 per year. Average rent in Canada is $26,000 /year, which is 38% of that income. People have no money to spend on anything except basic necessities. Besides raw material and service exports, out economy is mostly service-based. There is pent up demand for Canadians to buy things from Canadians. Raise wages and Canadians will help each other thrive. Take the money for those wages from the top 5% wealthiest Canadians.
It’s been happening for about a decade now, but it’s better to notice late than never.
One of these days Canadians will need to reckon with the fact are horribly unproductive economy and sluggish growth is a cultural problem, not a political one.
Canada has a VERY conservative business culture and no change in government will change that
All due to horrible policies from our incompetent federal leadership,
Okay everyone, i want you to be 0.1% more productive and innovative, aaaaandddd goooo!
Turns out an economy based on rising housing prices doesn’t do so hot when housing prices are stagnant.
r/canada … A place to list all the things you hate about Canada, Canadians and the Canadian government in particular. Ask about our upcoming Freedumb Convoys and Fuck Trudeau merchandise!
I’m no economist, but I’m pretty sure that lower productivity corelate with lower wages. Lower wages mean people moving to the US, which means lower GDP, which leads to lower investment and then lower productivity.
Shocking news: Real Estate isn’t a real industry
Me and the other several thousand construction workers are real happy to have the steady work, but it’s super bad for the country not to do anything else
Thank you Trudeau. 8 years is long enough.. something needs to change.
Our economy’s health is dependent on strong real estate and construction numbers, with current high interest rates, new housing starts have plummeted creating a ripple effect through the economy. Less starts also mean less available supply, further increasing prices.
https://x.com/stevesaretsky/status/1782857026244342212?s=46
https://www.statista.com/statistics/594293/gross-domestic-product-of-canada-by-industry-monthly/
Gee, what could go wrong when every young Canadian’s spending power is being eaten up by housing alone
Another million Uber delivery drivers will surely fix this.
Hmm to fix the problem, how about more taxes on everything? /s
I’m pretty sure I heard them say we need another 15 million people. Am I getting that right?
When the national economic strategy is mediocrity, what do you expect?
When did we have it?
Trudeau: Ill just increase immigration!!! We don’t like innovation. Just people!! FUCK YOU CANADA I GOT MINE!
Tell us how bad it is again.
Tell us how the conservatives can fix it
It had momentum?
That assumes there was momentum.
Lower interest rates real estate cannot be allowed to stagnate more than it has now
I have been saying for years that mass immigration is being used to give the illusion that the economy is doing better than it actually is but it won’t last. The worst part is that the poor economic situation will get worse over the coming years and liberals will blame the conservatives when they get power.
I think all economies are suffering, with the exception of oil rich nations. I see the end of Capitalism coming as resources dwindle. Soon there will be nothing left to exploit or capitalize on.