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    3 Kommentare

    1. It’s funny that we seem to get these quarterly relief updates and yet, the most important factors in the economy are doing terribly.

      Grocery prices are still way too high.

      The housing market, while prices are going down, are still completely unaffordable to new entrants.

      The jobs market is lukewarm and the majority of positions are either part time or on a contract basis.

      If we are not in any recessions but still suffering, who the hell is this economy for, exactly?

    2. Canuck-overseas on

      It’s probably similar to the US, where the top 20% are propping up the rest of the country. The UK is in a similar boat. Most people are still miserable and feel like they’re in a recession. They might be right.

    3. The_Cynical_Canuck on

      If Q4 nets 0 growth Canada walks out of 2025 with 0.7% annual GDP growth. History suggests that’s unlikely though

      2021 Q4: 1.7% (non annualized)
      2022 Q4: 0% (non annualized)
      2023 Q4: 0.7% (non annualized)
      2024 Q4: 0.7% (non annualized)

      Most likely we pull another 0.7% and end with 1.4% growth which still sucks but would probably still net Canada 2nd place in the G7. Compared to the sky is falling predictions in Q1 where there was talk of up to 3% GDP contractions from Trump’s tariffs, I’ll take, bad but not catastrophic rn. The US is gonna make the G7 look like chumps this year with 3-4% growth, but they’re also running a 6% of GDP deficit, so if their deficit matched Canada and nothing else changed their growth would be 0-1%. And god help them if the AI bubble pops.

      Overall despite the dramatic uncertainty and out right threats if not hostile acts, of the year, Canada has proven to be thus-far a far more resilient economy than most expected.

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