TSX:AX.PR.E - Post by User
Comment by
Torontojayon Jun 17, 2024 8:07pm
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Post# 36093200
RE:RE:RE:TJ AND SCROOGE ARE RIGHT
RE:RE:RE:TJ AND SCROOGE ARE RIGHT
garyreins wrote: Well your predictions aren't right yet... but the way these dysfunct reit securities are trading I think you may be
fair point.
I think my prediction on Canada's economy is starting to play out the way I thought it would.
Record bankruptcies in 2024 and unemployment already 130 bps higher than its lows. This is called a recession. Only immigration and government spending has propped up gdp numbers but soon that will come to an end with a cap on non permanent residents.
Rate cuts are a clear signal that the recession has arrived.