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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 696 Eddie Larry 21-Jan-19 16:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 100 drrayeye 21-Jan-19 20:19
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 101 Eddie Larry 21-Jan-19 20:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 88 drrayeye 22-Jan-19 03:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 87 Archaic 22-Jan-19 16:53
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 83 drrayeye 22-Jan-19 18:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 118 Eddie Larry 22-Jan-19 19:00
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 76 drrayeye 23-Jan-19 16:22
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 82 Eddie Larry 23-Jan-19 16:38
Canadian railways ration space as commodity congestion problems worsen 89 Eddie Larry 22-Jan-19 05:35
Fiscally, Canadians are idiots 108 Jock 22-Jan-19 09:02
Re: Fiscally, Canadians are idiots 97 Jock 22-Jan-19 09:06
Re: Fiscally, Canadians are idiots 91 Eddie Larry 22-Jan-19 16:19
within $200... 98 Racho 22-Jan-19 16:22
Re: within $200... 111 Eddie Larry 22-Jan-19 16:31
Higher taxes aren't good for anyone 78 Racho 24-Jan-19 17:14
Re: Higher taxes aren't good for anyone 74 WhoWeird 24-Jan-19 17:34
Re: Higher taxes aren't good for anyone 75 Racho 24-Jan-19 17:43
Re: Higher taxes aren't good for anyone 76 WhoWeird 24-Jan-19 17:54
Re: Higher taxes aren't good for anyone 71 Racho 24-Jan-19 19:20
Re: Higher taxes aren't good for anyone 70 WhoWeird 24-Jan-19 19:29
Re: Higher taxes aren't good for anyone 73 Racho 24-Jan-19 19:31
Re: Higher taxes aren't good for anyone 73 WhoWeird 24-Jan-19 19:33
Re: Higher taxes aren't good for anyone 73 Eddie Larry 24-Jan-19 20:39
Re: Higher taxes aren't good for anyone 79 Racho 25-Jan-19 06:15
Re: Higher taxes aren't good for anyone 73 Eddie Larry 25-Jan-19 15:33
Re: Fiscally, Canadians are idiots 85 Poster Boy 25-Jan-19 05:16
Re: Fiscally, Canadians are idiots 75 Jock 25-Jan-19 05:30
Re: Fiscally, Canadians are idiots 80 Poster Boy 25-Jan-19 05:40
Re: Fiscally, Canadians are idiots 77 Jock 25-Jan-19 07:24
Jock : idiot 82 Poster Boy 25-Jan-19 15:08
Re: Jock : idiot 76 Jock 25-Jan-19 18:05
Re: Jock : idiot 88 Poster Boy 25-Jan-19 19:14
Re: Jock : idiot 86 Jock 25-Jan-19 22:10
Re: Poster Boy : idiot 78 Jock 28-Jan-19 21:10
Re: Poster Boy : idiot 142 Poster Boy 29-Jan-19 02:05
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 99 Archaic 22-Jan-19 16:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 92 Eddie Larry 22-Jan-19 18:14
Trudeau on track to become highest spending PM outside of war or recession 83 Eddie Larry 23-Jan-19 18:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 108 Notinham 23-Jan-19 21:52
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 137 Eddie Larry 23-Jan-19 22:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 86 Jock 24-Jan-19 12:40
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 85 Eddie Larry 24-Jan-19 14:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 96 Notinham 24-Jan-19 15:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 86 Eddie Larry 24-Jan-19 15:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 97 Notinham 24-Jan-19 16:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 80 Eddie Larry 24-Jan-19 20:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 93 Notinham 25-Jan-19 01:11
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 89 Warwick 25-Jan-19 01:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 94 Notinham 25-Jan-19 03:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 73 Poster Boy 25-Jan-19 15:21
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 75 Poster Boy 25-Jan-19 16:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 78 Eddie Larry 25-Jan-19 17:54
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 84 Poster Boy 25-Jan-19 18:02
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 72 Jock 04-Feb-19 06:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 72 Eddie Larry 04-Feb-19 12:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 73 Jock 05-Feb-19 07:28
economic reality 67 Warwick 05-Feb-19 19:48
Re: economic reality 71 Eddie Larry 05-Feb-19 23:48
Re: economic reality 63 Jock 06-Feb-19 03:10
Re: economic reality 67 Eddie Larry 06-Feb-19 04:08
Re: economic reality 64 Jock 06-Feb-19 03:14
And here is where the rubber meets the slippery, slippery road 72 Jock 06-Feb-19 22:02
Re: And here is where the rubber meets the slippery, slippery road 115 Jock 08-Feb-19 07:52


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