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[www.cbc.ca]

Good ol' CBC. It's almost like a news source compared to US entertainment organs disguised as information sites. Looks like the economy is toileting harder than 2009, at peak crisis.

Why? Money quote:

Quote
Economists at the bank expect real consumption growth — which is calculated once the impact of inflation is stripped out — to hit 1.3 per cent in 2019, which would be the lowest since 2009 when it fell to 0.2 per cent amid the global financial crisis.

A combination of a softening housing market resulting in Canadians feeling less wealthy, pressure from higher interest rates and a low household savings rate will result in consumers spending less, according to National Bank.

'Part of the loss of momentum can be attributed to a softening housing market, which is not only restraining resales and home prices, but also hurting consumption spending via fading housing wealth effects' Krishen Rangasamy, senior economist at National Bank, says in the report.


And for the poor Puds holding Vancouver Real Estate as a magic It-Never-Goes-Down investment, Vancouver home sales fall nearly 40% in January as prices pull back

Keep in mind that this figure is from the Real Estate Board of Greater Vancouver, so it's the most colored, most optimistic, lying spin they can put on it, as they don't release actual data, just their analysis on it, and leave things out like enormous price-drops in current listings to make things seem more rosey for the RE Johns lining up for a sweet, sweet hit of that can't-live-anywhere-else crackshack.

West Coast Mooseknuckles are in for a shit-tornado, boys.

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Subject Views Written By Posted
Nearly half of Canadians come within $200 of bankruptcy: survey 713 Eddie Larry 21-Jan-19 16:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 123 drrayeye 21-Jan-19 20:19
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 109 Eddie Larry 21-Jan-19 20:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 99 drrayeye 22-Jan-19 03:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 97 Archaic 22-Jan-19 16:53
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 96 drrayeye 22-Jan-19 18:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 137 Eddie Larry 22-Jan-19 19:00
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 100 drrayeye 23-Jan-19 16:22
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 94 Eddie Larry 23-Jan-19 16:38
Canadian railways ration space as commodity congestion problems worsen 102 Eddie Larry 22-Jan-19 05:35
Fiscally, Canadians are idiots 129 Jock 22-Jan-19 09:02
Re: Fiscally, Canadians are idiots 108 Jock 22-Jan-19 09:06
Re: Fiscally, Canadians are idiots 110 Eddie Larry 22-Jan-19 16:19
within $200... 110 Racho 22-Jan-19 16:22
Re: within $200... 133 Eddie Larry 22-Jan-19 16:31
Higher taxes aren't good for anyone 87 Racho 24-Jan-19 17:14
Re: Higher taxes aren't good for anyone 83 WhoWeird 24-Jan-19 17:34
Re: Higher taxes aren't good for anyone 83 Racho 24-Jan-19 17:43
Re: Higher taxes aren't good for anyone 98 WhoWeird 24-Jan-19 17:54
Re: Higher taxes aren't good for anyone 81 Racho 24-Jan-19 19:20
Re: Higher taxes aren't good for anyone 81 WhoWeird 24-Jan-19 19:29
Re: Higher taxes aren't good for anyone 97 Racho 24-Jan-19 19:31
Re: Higher taxes aren't good for anyone 84 WhoWeird 24-Jan-19 19:33
Re: Higher taxes aren't good for anyone 86 Eddie Larry 24-Jan-19 20:39
Re: Higher taxes aren't good for anyone 90 Racho 25-Jan-19 06:15
Re: Higher taxes aren't good for anyone 83 Eddie Larry 25-Jan-19 15:33
Re: Fiscally, Canadians are idiots 103 Poster Boy 25-Jan-19 05:16
Re: Fiscally, Canadians are idiots 85 Jock 25-Jan-19 05:30
Re: Fiscally, Canadians are idiots 92 Poster Boy 25-Jan-19 05:40
Re: Fiscally, Canadians are idiots 95 Jock 25-Jan-19 07:24
Jock : idiot 92 Poster Boy 25-Jan-19 15:08
Re: Jock : idiot 98 Jock 25-Jan-19 18:05
Re: Jock : idiot 112 Poster Boy 25-Jan-19 19:14
Re: Jock : idiot 97 Jock 25-Jan-19 22:10
Re: Poster Boy : idiot 88 Jock 28-Jan-19 21:10
Re: Poster Boy : idiot 156 Poster Boy 29-Jan-19 02:05
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 107 Archaic 22-Jan-19 16:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 113 Eddie Larry 22-Jan-19 18:14
Trudeau on track to become highest spending PM outside of war or recession 94 Eddie Larry 23-Jan-19 18:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 130 Notinham 23-Jan-19 21:52
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 153 Eddie Larry 23-Jan-19 22:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 96 Jock 24-Jan-19 12:40
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 95 Eddie Larry 24-Jan-19 14:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 108 Notinham 24-Jan-19 15:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 103 Eddie Larry 24-Jan-19 15:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 119 Notinham 24-Jan-19 16:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 91 Eddie Larry 24-Jan-19 20:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 105 Notinham 25-Jan-19 01:11
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 100 Warwick 25-Jan-19 01:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 103 Notinham 25-Jan-19 03:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 94 Poster Boy 25-Jan-19 15:21
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 88 Poster Boy 25-Jan-19 16:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 87 Eddie Larry 25-Jan-19 17:54
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 94 Poster Boy 25-Jan-19 18:02
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 82 Jock 04-Feb-19 06:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 92 Eddie Larry 04-Feb-19 12:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 98 Jock 05-Feb-19 07:28
economic reality 76 Warwick 05-Feb-19 19:48
Re: economic reality 80 Eddie Larry 05-Feb-19 23:48
Re: economic reality 75 Jock 06-Feb-19 03:10
Re: economic reality 79 Eddie Larry 06-Feb-19 04:08
Re: economic reality 74 Jock 06-Feb-19 03:14
And here is where the rubber meets the slippery, slippery road 83 Jock 06-Feb-19 22:02
Re: And here is where the rubber meets the slippery, slippery road 133 Jock 08-Feb-19 07:52


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