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  3. Is Canada headed towards a recession in 2025?

Is Canada headed towards a recession in 2025?

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  • ChuckTheMonkeyC This user is from outside of this forum
    ChuckTheMonkeyC This user is from outside of this forum
    ChuckTheMonkey
    wrote on last edited by
    #1

    The latest economic forecasts from TD Bank, BMO, National Bank and Deloitte all suggest that Canada could be heading towards a recession in 2025.

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    Is Canada headed towards a recession in 2025?

    The latest economic forecasts from TD Bank, BMO, National Bank and Deloitte all suggest that Canada could be heading towards a recession in 2025.

    favicon

    BNN Bloomberg (www.bnnbloomberg.ca)

    T D 2 Replies Last reply
    8
    • ChuckTheMonkeyC ChuckTheMonkey

      The latest economic forecasts from TD Bank, BMO, National Bank and Deloitte all suggest that Canada could be heading towards a recession in 2025.

      Link Preview Image
      Is Canada headed towards a recession in 2025?

      The latest economic forecasts from TD Bank, BMO, National Bank and Deloitte all suggest that Canada could be heading towards a recession in 2025.

      favicon

      BNN Bloomberg (www.bnnbloomberg.ca)

      T This user is from outside of this forum
      T This user is from outside of this forum
      toastmeister@lemmy.ca
      wrote on last edited by
      #2

      The only reason we haven’t been in a recession this whole year is mass immigration. We let in more people than the US, who has 10x the population we do.

      Its lobbying by corporations who want wage suppression, which is why we are second last place in the OECD in per capita GDP growth since Trudeau took over.

      We imported huge sums of people and are facing capital shallowing, which is also why our investment per worker is extremely low, and why corporation don’t invest in productivity growth; which is required for wage growth. Which is also why the BoC is “ringing the alarm bells” on stagnant productivity growth, as this inevitably affects our borrowing rates and foreign exchange.

      P 1 Reply Last reply
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      • T toastmeister@lemmy.ca

        The only reason we haven’t been in a recession this whole year is mass immigration. We let in more people than the US, who has 10x the population we do.

        Its lobbying by corporations who want wage suppression, which is why we are second last place in the OECD in per capita GDP growth since Trudeau took over.

        We imported huge sums of people and are facing capital shallowing, which is also why our investment per worker is extremely low, and why corporation don’t invest in productivity growth; which is required for wage growth. Which is also why the BoC is “ringing the alarm bells” on stagnant productivity growth, as this inevitably affects our borrowing rates and foreign exchange.

        P This user is from outside of this forum
        P This user is from outside of this forum
        programmingsocks@pawb.social
        wrote on last edited by programmingsocks@pawb.social
        #3

        Free markets are a race to the bottom for paying the lowest possible price to a worker. They would pay you (YOU) nothing if they could. The only thing that will have wages go up is regulations that demand it. Should Timmies be allowed to pull TFWs for $15/hr work any high schooler could do? Probably not, but I just don’t believe that’s the major force behind our decay.

        Also, remember that TFWs are subject to another force - they have to keep working in SHIT conditions or else have their visa revoked. That is, in my books, a human rights violation. Nobody should be forced to work in that fashion.

        We are all getting fucked by the big guy. Don’t let them pull the wool over your eyes.

        1 Reply Last reply
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        • ChuckTheMonkeyC ChuckTheMonkey

          The latest economic forecasts from TD Bank, BMO, National Bank and Deloitte all suggest that Canada could be heading towards a recession in 2025.

          Link Preview Image
          Is Canada headed towards a recession in 2025?

          The latest economic forecasts from TD Bank, BMO, National Bank and Deloitte all suggest that Canada could be heading towards a recession in 2025.

          favicon

          BNN Bloomberg (www.bnnbloomberg.ca)

          D This user is from outside of this forum
          D This user is from outside of this forum
          dmcmnfibfff@lemmy.ca
          wrote on last edited by
          #4

          Probably, and the USA too.

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