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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 563 Eddie Larry 21-Jan-19 16:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 67 drrayeye 21-Jan-19 20:19
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 65 Eddie Larry 21-Jan-19 20:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 57 drrayeye 22-Jan-19 03:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 54 Archaic 22-Jan-19 16:53
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 48 drrayeye 22-Jan-19 18:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 65 Eddie Larry 22-Jan-19 19:00
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 43 drrayeye 23-Jan-19 16:22
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 46 Eddie Larry 23-Jan-19 16:38
Canadian railways ration space as commodity congestion problems worsen 57 Eddie Larry 22-Jan-19 05:35
Fiscally, Canadians are idiots 73 Jock 22-Jan-19 09:02
Re: Fiscally, Canadians are idiots 66 Jock 22-Jan-19 09:06
Re: Fiscally, Canadians are idiots 62 Eddie Larry 22-Jan-19 16:19
within $200... 65 Racho 22-Jan-19 16:22
Re: within $200... 69 Eddie Larry 22-Jan-19 16:31
Higher taxes aren't good for anyone 46 Racho 24-Jan-19 17:14
Re: Higher taxes aren't good for anyone 42 WhoWeird 24-Jan-19 17:34
Re: Higher taxes aren't good for anyone 44 Racho 24-Jan-19 17:43
Re: Higher taxes aren't good for anyone 45 WhoWeird 24-Jan-19 17:54
Re: Higher taxes aren't good for anyone 39 Racho 24-Jan-19 19:20
Re: Higher taxes aren't good for anyone 40 WhoWeird 24-Jan-19 19:29
Re: Higher taxes aren't good for anyone 41 Racho 24-Jan-19 19:31
Re: Higher taxes aren't good for anyone 41 WhoWeird 24-Jan-19 19:33
Re: Higher taxes aren't good for anyone 41 Eddie Larry 24-Jan-19 20:39
Re: Higher taxes aren't good for anyone 38 Racho 25-Jan-19 06:15
Re: Higher taxes aren't good for anyone 39 Eddie Larry 25-Jan-19 15:33
Re: Fiscally, Canadians are idiots 46 Poster Boy 25-Jan-19 05:16
Re: Fiscally, Canadians are idiots 43 Jock 25-Jan-19 05:30
Re: Fiscally, Canadians are idiots 44 Poster Boy 25-Jan-19 05:40
Re: Fiscally, Canadians are idiots 40 Jock 25-Jan-19 07:24
Jock : idiot 45 Poster Boy 25-Jan-19 15:08
Re: Jock : idiot 43 Jock 25-Jan-19 18:05
Re: Jock : idiot 56 Poster Boy 25-Jan-19 19:14
Re: Jock : idiot 43 Jock 25-Jan-19 22:10
Re: Poster Boy : idiot 46 Jock 28-Jan-19 21:10
Re: Poster Boy : idiot 50 Poster Boy 29-Jan-19 02:05
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 66 Archaic 22-Jan-19 16:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 59 Eddie Larry 22-Jan-19 18:14
Trudeau on track to become highest spending PM outside of war or recession 53 Eddie Larry 23-Jan-19 18:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 62 Notinham 23-Jan-19 21:52
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 71 Eddie Larry 23-Jan-19 22:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 52 Jock 24-Jan-19 12:40
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 52 Eddie Larry 24-Jan-19 14:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 50 Notinham 24-Jan-19 15:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 53 Eddie Larry 24-Jan-19 15:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 51 Notinham 24-Jan-19 16:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 49 Eddie Larry 24-Jan-19 20:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 48 Notinham 25-Jan-19 01:11
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 52 Warwick 25-Jan-19 01:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 47 Notinham 25-Jan-19 03:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 43 Poster Boy 25-Jan-19 15:21
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 43 Poster Boy 25-Jan-19 16:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 45 Eddie Larry 25-Jan-19 17:54
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 53 Poster Boy 25-Jan-19 18:02
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 38 Jock 04-Feb-19 06:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 40 Eddie Larry 04-Feb-19 12:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 41 Jock 05-Feb-19 07:28
economic reality 32 Warwick 05-Feb-19 19:48
Re: economic reality 37 Eddie Larry 05-Feb-19 23:48
Re: economic reality 31 Jock 06-Feb-19 03:10
Re: economic reality 34 Eddie Larry 06-Feb-19 04:08
Re: economic reality 30 Jock 06-Feb-19 03:14
And here is where the rubber meets the slippery, slippery road 34 Jock 06-Feb-19 22:02
Re: And here is where the rubber meets the slippery, slippery road 36 Jock 08-Feb-19 07:52


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