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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 668 Eddie Larry 21-Jan-19 16:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 94 drrayeye 21-Jan-19 20:19
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 93 Eddie Larry 21-Jan-19 20:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 82 drrayeye 22-Jan-19 03:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 81 Archaic 22-Jan-19 16:53
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 76 drrayeye 22-Jan-19 18:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 107 Eddie Larry 22-Jan-19 19:00
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 70 drrayeye 23-Jan-19 16:22
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 76 Eddie Larry 23-Jan-19 16:38
Canadian railways ration space as commodity congestion problems worsen 84 Eddie Larry 22-Jan-19 05:35
Fiscally, Canadians are idiots 104 Jock 22-Jan-19 09:02
Re: Fiscally, Canadians are idiots 92 Jock 22-Jan-19 09:06
Re: Fiscally, Canadians are idiots 87 Eddie Larry 22-Jan-19 16:19
within $200... 93 Racho 22-Jan-19 16:22
Re: within $200... 100 Eddie Larry 22-Jan-19 16:31
Higher taxes aren't good for anyone 73 Racho 24-Jan-19 17:14
Re: Higher taxes aren't good for anyone 70 WhoWeird 24-Jan-19 17:34
Re: Higher taxes aren't good for anyone 70 Racho 24-Jan-19 17:43
Re: Higher taxes aren't good for anyone 72 WhoWeird 24-Jan-19 17:54
Re: Higher taxes aren't good for anyone 66 Racho 24-Jan-19 19:20
Re: Higher taxes aren't good for anyone 66 WhoWeird 24-Jan-19 19:29
Re: Higher taxes aren't good for anyone 69 Racho 24-Jan-19 19:31
Re: Higher taxes aren't good for anyone 69 WhoWeird 24-Jan-19 19:33
Re: Higher taxes aren't good for anyone 68 Eddie Larry 24-Jan-19 20:39
Re: Higher taxes aren't good for anyone 74 Racho 25-Jan-19 06:15
Re: Higher taxes aren't good for anyone 68 Eddie Larry 25-Jan-19 15:33
Re: Fiscally, Canadians are idiots 81 Poster Boy 25-Jan-19 05:16
Re: Fiscally, Canadians are idiots 71 Jock 25-Jan-19 05:30
Re: Fiscally, Canadians are idiots 76 Poster Boy 25-Jan-19 05:40
Re: Fiscally, Canadians are idiots 73 Jock 25-Jan-19 07:24
Jock : idiot 77 Poster Boy 25-Jan-19 15:08
Re: Jock : idiot 72 Jock 25-Jan-19 18:05
Re: Jock : idiot 84 Poster Boy 25-Jan-19 19:14
Re: Jock : idiot 82 Jock 25-Jan-19 22:10
Re: Poster Boy : idiot 74 Jock 28-Jan-19 21:10
Re: Poster Boy : idiot 128 Poster Boy 29-Jan-19 02:05
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 93 Archaic 22-Jan-19 16:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 88 Eddie Larry 22-Jan-19 18:14
Trudeau on track to become highest spending PM outside of war or recession 79 Eddie Larry 23-Jan-19 18:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 100 Notinham 23-Jan-19 21:52
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 126 Eddie Larry 23-Jan-19 22:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 78 Jock 24-Jan-19 12:40
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 79 Eddie Larry 24-Jan-19 14:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 87 Notinham 24-Jan-19 15:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 80 Eddie Larry 24-Jan-19 15:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 89 Notinham 24-Jan-19 16:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 76 Eddie Larry 24-Jan-19 20:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 85 Notinham 25-Jan-19 01:11
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 84 Warwick 25-Jan-19 01:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 85 Notinham 25-Jan-19 03:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 69 Poster Boy 25-Jan-19 15:21
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 71 Poster Boy 25-Jan-19 16:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 74 Eddie Larry 25-Jan-19 17:54
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 80 Poster Boy 25-Jan-19 18:02
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 67 Jock 04-Feb-19 06:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 68 Eddie Larry 04-Feb-19 12:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 69 Jock 05-Feb-19 07:28
economic reality 61 Warwick 05-Feb-19 19:48
Re: economic reality 66 Eddie Larry 05-Feb-19 23:48
Re: economic reality 60 Jock 06-Feb-19 03:10
Re: economic reality 63 Eddie Larry 06-Feb-19 04:08
Re: economic reality 58 Jock 06-Feb-19 03:14
And here is where the rubber meets the slippery, slippery road 68 Jock 06-Feb-19 22:02
Re: And here is where the rubber meets the slippery, slippery road 100 Jock 08-Feb-19 07:52


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