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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 751 Eddie Larry 21-Jan-19 16:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 148 drrayeye 21-Jan-19 20:19
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 123 Eddie Larry 21-Jan-19 20:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 120 drrayeye 22-Jan-19 03:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 118 Archaic 22-Jan-19 16:53
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 114 drrayeye 22-Jan-19 18:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 167 Eddie Larry 22-Jan-19 19:00
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 117 drrayeye 23-Jan-19 16:22
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 114 Eddie Larry 23-Jan-19 16:38
Canadian railways ration space as commodity congestion problems worsen 124 Eddie Larry 22-Jan-19 05:35
Fiscally, Canadians are idiots 148 Jock 22-Jan-19 09:02
Re: Fiscally, Canadians are idiots 129 Jock 22-Jan-19 09:06
Re: Fiscally, Canadians are idiots 122 Eddie Larry 22-Jan-19 16:19
within $200... 132 Racho 22-Jan-19 16:22
Re: within $200... 158 Eddie Larry 22-Jan-19 16:31
Higher taxes aren't good for anyone 105 Racho 24-Jan-19 17:14
Re: Higher taxes aren't good for anyone 102 WhoWeird 24-Jan-19 17:34
Re: Higher taxes aren't good for anyone 110 Racho 24-Jan-19 17:43
Re: Higher taxes aren't good for anyone 124 WhoWeird 24-Jan-19 17:54
Re: Higher taxes aren't good for anyone 102 Racho 24-Jan-19 19:20
Re: Higher taxes aren't good for anyone 100 WhoWeird 24-Jan-19 19:29
Re: Higher taxes aren't good for anyone 116 Racho 24-Jan-19 19:31
Re: Higher taxes aren't good for anyone 106 WhoWeird 24-Jan-19 19:33
Re: Higher taxes aren't good for anyone 108 Eddie Larry 24-Jan-19 20:39
Re: Higher taxes aren't good for anyone 112 Racho 25-Jan-19 06:15
Re: Higher taxes aren't good for anyone 105 Eddie Larry 25-Jan-19 15:33
Re: Fiscally, Canadians are idiots 117 Poster Boy 25-Jan-19 05:16
Re: Fiscally, Canadians are idiots 105 Jock 25-Jan-19 05:30
Re: Fiscally, Canadians are idiots 114 Poster Boy 25-Jan-19 05:40
Re: Fiscally, Canadians are idiots 123 Jock 25-Jan-19 07:24
Jock : idiot 116 Poster Boy 25-Jan-19 15:08
Re: Jock : idiot 125 Jock 25-Jan-19 18:05
Re: Jock : idiot 137 Poster Boy 25-Jan-19 19:14
Re: Jock : idiot 117 Jock 25-Jan-19 22:10
Re: Poster Boy : idiot 101 Jock 28-Jan-19 21:10
Re: Poster Boy : idiot 181 Poster Boy 29-Jan-19 02:05
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 128 Archaic 22-Jan-19 16:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 134 Eddie Larry 22-Jan-19 18:14
Trudeau on track to become highest spending PM outside of war or recession 114 Eddie Larry 23-Jan-19 18:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 143 Notinham 23-Jan-19 21:52
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 178 Eddie Larry 23-Jan-19 22:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 120 Jock 24-Jan-19 12:40
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 115 Eddie Larry 24-Jan-19 14:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 128 Notinham 24-Jan-19 15:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 121 Eddie Larry 24-Jan-19 15:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 141 Notinham 24-Jan-19 16:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 108 Eddie Larry 24-Jan-19 20:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 127 Notinham 25-Jan-19 01:11
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 120 Warwick 25-Jan-19 01:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 127 Notinham 25-Jan-19 03:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 115 Poster Boy 25-Jan-19 15:21
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 111 Poster Boy 25-Jan-19 16:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 107 Eddie Larry 25-Jan-19 17:54
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 115 Poster Boy 25-Jan-19 18:02
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 101 Jock 04-Feb-19 06:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 103 Eddie Larry 04-Feb-19 12:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 121 Jock 05-Feb-19 07:28
economic reality 97 Warwick 05-Feb-19 19:48
Re: economic reality 94 Eddie Larry 05-Feb-19 23:48
Re: economic reality 87 Jock 06-Feb-19 03:10
Re: economic reality 93 Eddie Larry 06-Feb-19 04:08
Re: economic reality 89 Jock 06-Feb-19 03:14
And here is where the rubber meets the slippery, slippery road 103 Jock 06-Feb-19 22:02
Re: And here is where the rubber meets the slippery, slippery road 157 Jock 08-Feb-19 07:52


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