There's that. If you read in investment circles there is a widespread consensus that we will be in a recession by the end of 2022, or 2023 at the latest. Efforts by central banks to cool an overheated economy and curb runaway inflation will have an effect on productivity by making it harder to borrow.
What is the amount of interest paid yearly on our national dept ? Should we keep borrowing more ? Why can’t a country as rich as Canada live within its means ? Is 50% tax not sufficient ?
No it was Whistler last week , next up will be surfing in Tofino .
Rising interest rates tend to do that . Remember if you have 10% unemployment you have 90% employment .
"Cut government spending" is an easy default position, but things get awfully quiet when it comes time to suggest where the cuts should be made. At the other end of the equation, nobody in government wants to talk about raising revenues. The corporate tax rate is less than half of what it was forty years ago, and while that rate has steadily dropped both profits and the income gap have risen accordingly. This isn't higher math, those with the greatest ability to pay keep getting off lighter and lighter.
That 1.1% rise could be linked to the royalty share of the sky rocketing Oil pricesEveryone likes good economic news! YAY!!!!
Canadian economy continues to expand, GDP rose 1.1 per cent
Statistics Canada says real gross domestic product rose 1.1 per cent in February, the largest monthly increase in about a year.
The rebound in accommodation and food services is among the reasons for the boost, as COVID-19 restrictions were eased following the surge in the Omicron variant.
“Food services and drinking places jumped 17.6% in February, more than offsetting the declines in December 2021 and January 2022, as activity increased across the country and at all types of establishments,” Statistics Canada said in a release Friday.
Canadian economy continues to expand, GDP rose 1.1 per cent
The Canadian economy showed a rebound in several sectors including entertainment, accommodation and food sector due to the easing of COVID restrictions.vancouver.citynews.ca
True. Could be a lot of things. GDP is not an accurate barometer of how average Canadians are doing.
Oh it's coming not only will things be getting more expensive, they'll be hard to find.
How much of the Canadian Pension Plans funds are invested in those corporations? Do we want to devalue our investments and return on same ?
Repeat after me , Profit is good . Profit allows for growth and innovation . Without profit we would still be driving Model T Fords . Why are you so against the highest standard of living reached in the history of mankind ?
Everyone likes good economic news! YAY!!!!
Canadian economy continues to expand, GDP rose 1.1 per cent
Statistics Canada says real gross domestic product rose 1.1 per cent in February, the largest monthly increase in about a year.
The rebound in accommodation and food services is among the reasons for the boost, as COVID-19 restrictions were eased following the surge in the Omicron variant.
“Food services and drinking places jumped 17.6% in February, more than offsetting the declines in December 2021 and January 2022, as activity increased across the country and at all types of establishments,” Statistics Canada said in a release Friday.
Canadian economy continues to expand, GDP rose 1.1 per cent
The Canadian economy showed a rebound in several sectors including entertainment, accommodation and food sector due to the easing of COVID restrictions.
Start with low hanging fruit. The pay and perks of everyone getting a government cheque. Eliminate overlapping jurisdictions. Audit programs and see how close they are to following their mandate. We can hit incompetence after that.
