Dividend 15 Split Corp T.DFN

Canada in a recession

[mouserman]

The Financial Post reports in its Wednesday, Nov. 1, edition that Canada has possibly entered a recession if advanced estimates prove correct in showing the economy contracted in the third quarter since gross domestic product was negative in the second quarter, indicating the central bank could be finished with rate hikes. The Post's Bianca Bharti writes that preliminary data showed gross domestic product remained essentially unchanged in September, Statistics Canada said on Tuesday. The mining, quarrying and oil and gas extraction industries, as well as utilities decreased during the month, but were partially offset by increases in construction and the public sector. If September's GDP does not change when the official data lands on Nov. 30, the third quarter will have contracted by an annualized 0.1 per cent and put Canada in a technical recession since the economy contracted 0.2 per cent in the second quarter, said Capital Economics economist Stephen Brown. He said, "It seems more likely that the modest recession we are forecasting has now begun." The reading for the third quarter supports the BOC's belief that demand is cooling as its interest rate increases work their way through the economy.

[AnEducator]

Given the relentless strength in the employment data, I think most would deem this type of recession as being extremely favourable. Of course, things could always get worse when mortgages start getting renewed. What's really fascinating is that current long term interest rates really aren't historically anomalous. It's just that everyone's perceptions have been distorted since the

[mouserman]

Strength in the employment data is not what it seems. When the biggest majority of new jobs were created by  govt hiring. That cost  is on the taxpayers and businesses., and is not supported by selling a product.  It is not the normal increase in productive jobs at all, and imo it is a negative for the country.  In B.C. for instance there was no employment increases at all

[mouserman]

Another article  pointing to a recession. The Financial Post reports in its Thursday, Nov. 2, edition that housing affordability in Canada was dealt a major blow in the third quarter as surging prices wiped out most of the gains made earlier in the year, says the National Bank of Canada's latest housing affordability monitor. The Post's Shantae Campbell writes that National Bank

[itsthehitman]

What is pushing the markets up so hard today?

[James12]

Markets are forward looking. With feds halting rates we are looking good the next few months, hopefully another bull run!