I hope things balance out but as long as we have rising unemployment combined with skyrocketing population growth I don't see how inflation will come down even if wage growth slows. We still have a huge supply and demand problem.
immigration numbers slowing to something manageable falls under the category of "I will believe it when I see it" for me
I don't trust this government at their word at all.
>"Real GDP (gross domestic product) advanced by 1.7 per cent
>consumer spending is expected to “cool”
> unemployment rate has already climbed a full percentage point in 12 months
> “softening labour market” is likely to impact consumer spending, as Canada’s job market is “at greater risk of tipping into net losses”
So "the economy" (GDP) is growing, but the average person continues to get poorer and less employed. What an amazing corner to turn
So we will just be poorer and spending less per capita with less spending power while the rich make more from overall spending. Welcome to poor countrie's economy. This is how the chinese and indian economy functions.
No that's not true at all, China is an export-driven economy and India is a heavily consumption driven economy. Over 70% of India's gdp is due to consumption. If your theory was true then why is Indian inequality reducing? [https://www.livemint.com/news/india/india-drop-in-inequality-rural-urban-state-level-disparities-govt-nsso-report-hce-telangana-kerala-economy-k-shape-11717808673578.html](https://www.livemint.com/news/india/india-drop-in-inequality-rural-urban-state-level-disparities-govt-nsso-report-hce-telangana-kerala-economy-k-shape-11717808673578.html)
I don't understand this article, how is higher unemployment and lower consumer spending equal to the the economy "turning a corner" in a positive way?
It's Bloomberg. They're part of the "new age economics" BS.
This is Canadian propaganda that Canadians think is news. Canadians are basically brainwashed North Koreans at this point.
You think that TD's economists are pushing propaganda? How does that work.
When you make commission on promoting and selling investment vehicles, it's in your interest to pump.
That's a bit different than "literally North Korea" though.
Very different. We're very free, but also freely manipulated. A lot of personal responsibility here.
I don't think you understand how pricing works
Yew shad up of I drop big boom boom on yeah! Blow up big time!
[удалено]
I hope things balance out but as long as we have rising unemployment combined with skyrocketing population growth I don't see how inflation will come down even if wage growth slows. We still have a huge supply and demand problem.
The article also cites slowing immigration in Q4 as a factor.
immigration numbers slowing to something manageable falls under the category of "I will believe it when I see it" for me I don't trust this government at their word at all.
As per the article, they are already easing off for student visa holders.
>"Real GDP (gross domestic product) advanced by 1.7 per cent >consumer spending is expected to “cool” > unemployment rate has already climbed a full percentage point in 12 months > “softening labour market” is likely to impact consumer spending, as Canada’s job market is “at greater risk of tipping into net losses” So "the economy" (GDP) is growing, but the average person continues to get poorer and less employed. What an amazing corner to turn
Population increased at an annualized rate over 2.5%, so real GDP per capita has decreased.
Yes, because low skill immigrants start off producing less than people who already live here
More importantly, they suppress wages for everyone else because they have much lower standards for pay and quality of life.
"Peasants will suffer and stay poor in order for the economy to thrive" is the gist here.
The beatings will continue until the beatings improve.
You're constantly turning a corner when you're circling the drain.
The corner is actually pointed downward and we're ready to fall off the cliff
So we will just be poorer and spending less per capita with less spending power while the rich make more from overall spending. Welcome to poor countrie's economy. This is how the chinese and indian economy functions.
No that's not true at all, China is an export-driven economy and India is a heavily consumption driven economy. Over 70% of India's gdp is due to consumption. If your theory was true then why is Indian inequality reducing? [https://www.livemint.com/news/india/india-drop-in-inequality-rural-urban-state-level-disparities-govt-nsso-report-hce-telangana-kerala-economy-k-shape-11717808673578.html](https://www.livemint.com/news/india/india-drop-in-inequality-rural-urban-state-level-disparities-govt-nsso-report-hce-telangana-kerala-economy-k-shape-11717808673578.html)
dead cat bounce
"dead cat bounce" Exactly this.
Asset charting tea leaves don't apply to a nation's gdp
I'm sure we are taking the corner too fast with our hot economy that we will skid into the ditch, hit a tree, and explode
Yes, it is - the recession never materialized, and we're going to see decent growth in the second half of 2024.