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chemgear · 03-01-2024, 10:43 AM

So we technically "dodged" another recession. But that's just due to the sheer mass of people that we're increasing the population by, Real GDP per capita continues to drop.

I guess that's why the federal government is bringing in so many people regardless of the problems (including inflation) that it's causing. The propped up number should also keep interest rates higher for longer than would otherwise expected if we would be seeing headline numbers of 2-3% shrinking economy. We're worse than Brexit UK.

https://www.cbc.ca/news/business/can...2023-1.7129323

EDIT:

Solid Canadian recession for a while now.

https://thoughtleadership.rbc.com/wp...DP_Dec2023.pdf

03-01-2024, 10:43 AM	#11263
chemgear Franchise Player Join Date: Feb 2010 Exp:	So we technically "dodged" another recession. But that's just due to the sheer mass of people that we're increasing the population by, Real GDP per capita continues to drop. I guess that's why the federal government is bringing in so many people regardless of the problems (including inflation) that it's causing. The propped up number should also keep interest rates higher for longer than would otherwise expected if we would be seeing headline numbers of 2-3% shrinking economy. We're worse than Brexit UK. https://www.cbc.ca/news/business/can...2023-1.7129323 YouTube Video EDIT: Solid Canadian recession for a while now. https://thoughtleadership.rbc.com/wp...DP_Dec2023.pdf Last edited by chemgear; 03-01-2024 at 11:52 AM.