@D_ByersArtist Stfu boomer. You get your 40 shots. I've never had a flu shot and here I am alive and so is everyone around me. I guess if you believe it that makes it true.
Remember when Trump wanted Canada more aligned on trade policy/tariff walls against adversaries, defending our SHARED border… and Canadians lost their minds over it and started boycotting America? Calling them a threat to our sovereignty?
And then… when the EU President wanted canada more aligned on policy, parliament, governance, and courts, and tariff policy… Canadians cheered and talked about how much progress was being made?
I remember…
🚨🇨🇦 #BREAKING: CANADA’S ECONOMY JUST DELIVERED ANOTHER MASSIVE WARNING.
And the timing couldn’t be worse for the Bank of Canada.
Statistics Canada’s NEW GDP report:
📉 July GDP: 0.0%
📉 August GDP: 0.0%
🚨 September GDP: −0.1% (preliminary)
THREE MONTHS. VIRTUALLY NO GROWTH.
But here’s the number that should concern every Canadian.
August GDP was originally expected to grow 0.2%.
Actual growth? ZERO.
And the Bank of Canada just RAISED interest rates to 2.50%.
Now look at the economic contradictions.
🏭 Wholesale trade: −1.4%
🛢️ Oil and gas extraction: −1.2%
🚗 Motor vehicle manufacturing: −5.8%
📈 Retail trade: +1.2%
📉 Services sector: −0.1%
The Bank of Canada projected approximately 2% annualized GDP growth for Q3.
Today’s data suggest just 1.3%.
CANADA’S ECONOMY IS UNDERPERFORMING EVEN THE CENTRAL BANK’S OWN FORECAST.
Higher borrowing costs.
A fragile labour market.
Weak economic momentum.
And inflation risks that refuse to disappear.
This is the dilemma facing Canadian households and businesses.
The central bank is tightening monetary policy while economic activity is barely moving.
CANADA DOESN’T JUST HAVE AN INFLATION PROBLEM.
It has a serious economic growth problem.
And today’s GDP report makes that impossible to ignore.
🍁 @wealthmoose
#Canada #GDP #BankOfCanada #Economy
@KellyBainbridg6 It's dumb bitches like this that will make the west fall. This is legit a bit account. You can't look at the EU and make a fucking retarded statement like this.
Who can make this make sense?
Carney: Trump putting tariffs on Canadian industries like steel and aluminum is NOT ACCEPTABLE.
Also Carney: I welcome EU’s carbon tax on our steel, aluminum and iron industries.
Canadians, can you see it now? Carney didn’t become PM to get a deal with Trump, make Canada an energy superpower or even build affordable homes.
Carney became PM to further his net zero/green energy agenda (and grow his personal net worth via Brookfield’s extensive stake in green energy).