RE:RE:RE:Recession and BombardierI tend to agree with you Snow, that we are in a recession here in Canada. The lowering of interest rates will give us a little help economically, just so we can chug along and slowly get out of this. But we won't do it quickly. I anticipate in 2027, we'll start to see some positive trends. The funny part of this is, the Interest rates. The rates won't go below 4%. They can't. This will take time till 2026, and we'll see a lot of pain from now till then. Rates have to stay above 4%, or we risk the same old Inflation #'s. RE has to get corrected, and I think it will, starting 2025 to 2027. Trudope is getting canned in 2025. So that should help. It's not easy to fix his Immigration mess. The quantitative easing of the Covid times will cause a slow recovery too. Businesses are hurting, and it will weed out all the retail that was hanging on. They will realize that they can't stay afloat. Retail is essential to the Canadian economy, and I see it's weakness first hand when I go out socializing.
Snowey wrote: Chips and IRA. You mean fish and chips? IRA, you mean the Irish Republican Army? This response is a very American. I had to look up what you are saying. IRA is inflation reduction act? First, printing and spending more money will not reduce inflation. (I actually think the American economy is stronger than the Canadian).
Anyway, I was talking from a Canadian point of view. Canada is different. This is where I live. OK, so why do I think we are in recession here in Canada? I’ll tell you why. Retail sales are down, real estate is a mess, business confidence is down. (Canadian Tire down, lulu down, doo down). Unemployment is at 6.6%. Credit card holders - 60% are financially unhealthy and getting worse. Five hundred people showing up for one grocery store job. Personally, I am findings things are tight. Groceries up, gas up. Higher taxes and introducing new taxes. (Thanks a lot to the powers that be for this).
There will be some effects on Bombardier. But not as bad as some companies. Hold tight. We will be rewarded.
I found bring up this subject interesting. Thanks to those who responded. I feel a bit better now.
GLTA
Snowey