Quote:
Originally Posted by Slava
No we're not. We're not seeing serious economic pains. We might be close to a recession. Inflation is not that high, interest rates are low and unemployment is not exceptionally high either. If you (or others) think that this is serious economic pain, if we see some real pain from the 25% tariff you're going to have a very rude awakening.
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Things are definitely slower, more concerning and hectic. My previous post was poorly written in the sense that since November when Trump actually won the election and we knew that tariffs were an almost certainty, Canada, Canada's leaders and even the political opposition have done nothing within their control to increase competitiveness. We have had a long time to make serious changes but it's this small, micky mouse stuff that has come out thus far.
Considering the economic catastrophe that has materialized with this new administration now or in the near future, I don't see a sense in urgency for reform.
I understand the enormity of the situation, this is about as serious of an economic collapse as it gets. My concern with Canada and Canadian's is the level of stupidity isn't allowing them to move at breakneck speed for reform.
Canada, Canadian business, Canadian equity managers and our governments are just not ready for it.