Tuesday, April 08, 2025

Enjoy the Decline

What to expect from a Carney government in May:

Canadians should expect to become poorer over the next five years, says a Privy Council report. The forecast was drawn from interviews with “experts across the Government of Canada” who said economic outlooks for families were so stark they predicted a national mental health crisis: ‘It is crucial to anticipate potential future scenarios.’

 

But ... but ... Trump!

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Canadian businesses and consumers alike are holding what cash they have in anticipation of a recession, the Bank of Canada said yesterday. Findings were drawn from quarterly surveys: “Is a recession imminent?”

 

No, the recession is here.

 

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