Superior Plus Corp T.SPB

Recent Downturn

[Schussing56]

The reason for the recent drop seems obvious to me. The Bank of Canada has been raising interest rates, making it more expensive for companies to borrow money. Economists are saying that, if current interest rates go much higher (I think the threshhold benchmark is 4.4%) Canada's economy will be forced into a recession. Of course, as others have mentioned, there are other factors at work as well, such as a looming World War, etc.

[Bigbear7405]

I think it is a forgone conclusion that we are already in a recession.  A recession is 3 quarters of negative growth.  Q1 was -1.6%, Q2 was -.6% (which more than likely will be revised lower like Q1) and Q3 which is almost over will be negative as well.   Look at Fed ex who said goods shipments have dropped of the face of the earth https://tradingeconomics.com/united-states

[bttmfischer]

Bigbear I have to agree with you. The dimwits of Statscan who keep telling us that the CPI is under 6%, either cannot add 2+2 and get 4 as the result, or just lie to help the inept government appear ito be in control of the current situation they got us into.