While this is true, no apologies needed from anyone.
Let's just all move forward and be respectful of other views, because the truth is that no one knows for sure what will happen in the markets.
Sure, Liberals say, Canada is the only G7 country in recession.
Sure, two back-to-back quarters of shrinking GDP is the textbook definition of a recession.
But, they say, it is just a “technical recession”. A fluke. Everything else is great.
So let’s look beyond the back-to-back quarterly decline: Canada’s unemployment is now the 2nd highest in the G7—a third higher than in the U.S.—as Canada lost 112,300 jobs in just three months, leaving 45,800 more Canadians jobless since Carney became Prime Minister.
The economy contracted in three of Carney's four quarters in office, something unmatched in the G7, as business investment fell another 0.7% for a fifth straight quarterly decline, and more than $20 billion in net investment fled Canada.
Meanwhile, insolvencies hit their highest levels since 2009, up nearly 19%, with 1.5 million Canadians missing debt payments in just three months and mortgage delinquencies rising 32%.
Canadian households carry by far the highest debt in the G7, while food bank use continues to surge. 1 in 10 GTA residents are now relying on them and visits are hitting a record 4.1 million last year—up 340% since 2019. Nationwide, food bank demand is up 100% in 7 years.
Almost all these measures are worse than when Carney took office and worse than any other G7 country—so blaming world events or tariffs won’t cut it.
Stop the excuses. Own it: This is a full-blown Carney Recession.
OpenClaw’s latest sweep: cold agent turns 2.9x faster, warm turns 2.5x faster, tarball 59% smaller, deps down 42% from the monthly high.
Small core, explicit deps, optional power in plugins. The claws are getting sharper 🦞
https://t.co/aRvnZjEjUU
@MsMelChen The solution is to rally around open source.
That's the only way to compete with a superpower technology network effect if you are not a superpower yourself. And it's the only way to bring the rest of the world along on the same team as you.
Open source.