RE:Long awaited Canadian recession may be here next year
flamingogold wrote: The bears have been dead wrong for 2 years. But, they may finally get to celebrate in 2025. If Trump follows through on his America First tariffs on all imported goods there is an increasing chance Canada takes it on the chin. Rising prices could mean a jump in inflation and a rate reversal by the BoC. China is in the crosshairs for sure, then Mexico and most likely Canada.
LOL, what planet are you on?
We've been in a "per capita" recession for 2 years now. Back in the day when I studied economics we were taught that a recession to be defined as 2 consecutive quarters of negative GDP. This was a basic definition of a recession. Now with immigration at astronomical levels, they need to update this definition and focus on gdp per capita.