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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 865 Eddie Larry 21-Jan-19 16:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 224 drrayeye 21-Jan-19 20:19
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 195 Eddie Larry 21-Jan-19 20:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 188 drrayeye 22-Jan-19 03:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 183 Archaic 22-Jan-19 16:53
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 180 drrayeye 22-Jan-19 18:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 243 Eddie Larry 22-Jan-19 19:00
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 180 drrayeye 23-Jan-19 16:22
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 180 Eddie Larry 23-Jan-19 16:38
Canadian railways ration space as commodity congestion problems worsen 195 Eddie Larry 22-Jan-19 05:35
Fiscally, Canadians are idiots 216 Jock 22-Jan-19 09:02
Re: Fiscally, Canadians are idiots 196 Jock 22-Jan-19 09:06
Re: Fiscally, Canadians are idiots 189 Eddie Larry 22-Jan-19 16:19
within $200... 203 Racho 22-Jan-19 16:22
Re: within $200... 220 Eddie Larry 22-Jan-19 16:31
Higher taxes aren't good for anyone 179 Racho 24-Jan-19 17:14
Re: Higher taxes aren't good for anyone 165 WhoWeird 24-Jan-19 17:34
Re: Higher taxes aren't good for anyone 175 Racho 24-Jan-19 17:43
Re: Higher taxes aren't good for anyone 192 WhoWeird 24-Jan-19 17:54
Re: Higher taxes aren't good for anyone 175 Racho 24-Jan-19 19:20
Re: Higher taxes aren't good for anyone 162 WhoWeird 24-Jan-19 19:29
Re: Higher taxes aren't good for anyone 184 Racho 24-Jan-19 19:31
Re: Higher taxes aren't good for anyone 168 WhoWeird 24-Jan-19 19:33
Re: Higher taxes aren't good for anyone 180 Eddie Larry 24-Jan-19 20:39
Re: Higher taxes aren't good for anyone 179 Racho 25-Jan-19 06:15
Re: Higher taxes aren't good for anyone 169 Eddie Larry 25-Jan-19 15:33
Re: Fiscally, Canadians are idiots 183 PB Bytes 25-Jan-19 05:16
Re: Fiscally, Canadians are idiots 168 Jock 25-Jan-19 05:30
Re: Fiscally, Canadians are idiots 185 PB Bytes 25-Jan-19 05:40
Re: Fiscally, Canadians are idiots 187 Jock 25-Jan-19 07:24
Jock : idiot 190 PB Bytes 25-Jan-19 15:08
Re: Jock : idiot 194 Jock 25-Jan-19 18:05
Re: Jock : idiot 222 PB Bytes 25-Jan-19 19:14
Re: Jock : idiot 194 Jock 25-Jan-19 22:10
Re: Poster Boy : idiot 172 Jock 28-Jan-19 21:10
Re: Poster Boy : idiot 257 PB Bytes 29-Jan-19 02:05
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 193 Archaic 22-Jan-19 16:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 202 Eddie Larry 22-Jan-19 18:14
Trudeau on track to become highest spending PM outside of war or recession 187 Eddie Larry 23-Jan-19 18:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 234 Notinham 23-Jan-19 21:52
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 252 Eddie Larry 23-Jan-19 22:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 188 Jock 24-Jan-19 12:40
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 192 Eddie Larry 24-Jan-19 14:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 217 Notinham 24-Jan-19 15:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 187 Eddie Larry 24-Jan-19 15:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 246 Notinham 24-Jan-19 16:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 176 Eddie Larry 24-Jan-19 20:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 220 Notinham 25-Jan-19 01:11
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 187 Warwick 25-Jan-19 01:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 223 Notinham 25-Jan-19 03:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 188 PB Bytes 25-Jan-19 15:21
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 182 PB Bytes 25-Jan-19 16:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 171 Eddie Larry 25-Jan-19 17:54
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 194 PB Bytes 25-Jan-19 18:02
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 169 Jock 04-Feb-19 06:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 176 Eddie Larry 04-Feb-19 12:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 192 Jock 05-Feb-19 07:28
economic reality 159 Warwick 05-Feb-19 19:48
Re: economic reality 157 Eddie Larry 05-Feb-19 23:48
Re: economic reality 164 Jock 06-Feb-19 03:10
Re: economic reality 166 Eddie Larry 06-Feb-19 04:08
Re: economic reality 164 Jock 06-Feb-19 03:14
And here is where the rubber meets the slippery, slippery road 186 Jock 06-Feb-19 22:02
Re: And here is where the rubber meets the slippery, slippery road 266 Jock 08-Feb-19 07:52


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