TSX:AX.PR.E - Post by User
Comment by
Torontojayon Sep 06, 2024 10:11am
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Post# 36211566
RE:Canada...list in all the noise
RE:Canada...list in all the noise
DZtrader wrote: Now HERE you could make an argument for a 50 bipper!
Canada’s unemployment rate rises to 6.6% in August
https://www.bnnbloomberg.ca/business/economics/2024/09/06/canadas-unemployment-rate-rises-to-66-in-august/
Canada should re-define the definition of a recession. The media is simply gas lighting everyone with a technical, albeit slightly positive gdp numbers masked through immigration. They should look more closely at things such as gdp "per capita" which tells you that we are in a "me-recession" which is what matters to individual households.
Anytime your standard of living declines it should labelled as a recession.