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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 781 Eddie Larry 21-Jan-19 16:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 164 drrayeye 21-Jan-19 20:19
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 138 Eddie Larry 21-Jan-19 20:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 134 drrayeye 22-Jan-19 03:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 132 Archaic 22-Jan-19 16:53
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 129 drrayeye 22-Jan-19 18:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 180 Eddie Larry 22-Jan-19 19:00
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 130 drrayeye 23-Jan-19 16:22
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 127 Eddie Larry 23-Jan-19 16:38
Canadian railways ration space as commodity congestion problems worsen 138 Eddie Larry 22-Jan-19 05:35
Fiscally, Canadians are idiots 162 Jock 22-Jan-19 09:02
Re: Fiscally, Canadians are idiots 142 Jock 22-Jan-19 09:06
Re: Fiscally, Canadians are idiots 135 Eddie Larry 22-Jan-19 16:19
within $200... 146 Racho 22-Jan-19 16:22
Re: within $200... 170 Eddie Larry 22-Jan-19 16:31
Higher taxes aren't good for anyone 120 Racho 24-Jan-19 17:14
Re: Higher taxes aren't good for anyone 115 WhoWeird 24-Jan-19 17:34
Re: Higher taxes aren't good for anyone 122 Racho 24-Jan-19 17:43
Re: Higher taxes aren't good for anyone 137 WhoWeird 24-Jan-19 17:54
Re: Higher taxes aren't good for anyone 116 Racho 24-Jan-19 19:20
Re: Higher taxes aren't good for anyone 114 WhoWeird 24-Jan-19 19:29
Re: Higher taxes aren't good for anyone 130 Racho 24-Jan-19 19:31
Re: Higher taxes aren't good for anyone 117 WhoWeird 24-Jan-19 19:33
Re: Higher taxes aren't good for anyone 121 Eddie Larry 24-Jan-19 20:39
Re: Higher taxes aren't good for anyone 127 Racho 25-Jan-19 06:15
Re: Higher taxes aren't good for anyone 120 Eddie Larry 25-Jan-19 15:33
Re: Fiscally, Canadians are idiots 129 PB Bytes 25-Jan-19 05:16
Re: Fiscally, Canadians are idiots 116 Jock 25-Jan-19 05:30
Re: Fiscally, Canadians are idiots 127 PB Bytes 25-Jan-19 05:40
Re: Fiscally, Canadians are idiots 136 Jock 25-Jan-19 07:24
Jock : idiot 133 PB Bytes 25-Jan-19 15:08
Re: Jock : idiot 141 Jock 25-Jan-19 18:05
Re: Jock : idiot 155 PB Bytes 25-Jan-19 19:14
Re: Jock : idiot 130 Jock 25-Jan-19 22:10
Re: Poster Boy : idiot 114 Jock 28-Jan-19 21:10
Re: Poster Boy : idiot 197 PB Bytes 29-Jan-19 02:05
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 141 Archaic 22-Jan-19 16:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 148 Eddie Larry 22-Jan-19 18:14
Trudeau on track to become highest spending PM outside of war or recession 127 Eddie Larry 23-Jan-19 18:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 162 Notinham 23-Jan-19 21:52
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 192 Eddie Larry 23-Jan-19 22:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 132 Jock 24-Jan-19 12:40
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 132 Eddie Larry 24-Jan-19 14:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 148 Notinham 24-Jan-19 15:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 133 Eddie Larry 24-Jan-19 15:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 162 Notinham 24-Jan-19 16:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 120 Eddie Larry 24-Jan-19 20:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 147 Notinham 25-Jan-19 01:11
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 134 Warwick 25-Jan-19 01:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 150 Notinham 25-Jan-19 03:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 129 PB Bytes 25-Jan-19 15:21
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 126 PB Bytes 25-Jan-19 16:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 119 Eddie Larry 25-Jan-19 17:54
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 128 PB Bytes 25-Jan-19 18:02
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 114 Jock 04-Feb-19 06:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 115 Eddie Larry 04-Feb-19 12:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 136 Jock 05-Feb-19 07:28
economic reality 111 Warwick 05-Feb-19 19:48
Re: economic reality 106 Eddie Larry 05-Feb-19 23:48
Re: economic reality 102 Jock 06-Feb-19 03:10
Re: economic reality 105 Eddie Larry 06-Feb-19 04:08
Re: economic reality 102 Jock 06-Feb-19 03:14
And here is where the rubber meets the slippery, slippery road 117 Jock 06-Feb-19 22:02
Re: And here is where the rubber meets the slippery, slippery road 174 Jock 08-Feb-19 07:52


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