When the governor of the Bank of Canada, Mark Carney, predicts “sluggish growth” and revises forecasts to near recession levels, that really means we will see recessions for most of the country with the exception of oil rich provinces, although the drop in price of oil has slowed them down too. It also means deficits federally and provincially. Lower property values and more job losses.
I agree that the sky isn’t falling but the dark clouds approaching don’t look very friendly if you can’t afford an umbrella. Thats why the next election will be about three issues: economy, economy, and economy.
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