Proof Point: Canada’s economy might not be in recession but it feels like one
Proof Point: Surging population growth has prevented outright declines in Canadian gross domestic product, but per person output is falling, and the unemployment rate is rising like it usually only would be during a recession. Interest rate cuts from the Bank of Canada will eventually alleviate some of the pressure on households. As purchasing power is restored, we expect per capita growth will turn positive by the second half of next year.
Higher interest rates alongside decades-high inflation in 2022-23 ate away at household purchasing power. Weaker demand spurred a rise in the unemployment rate of a size that historically only happens in recessions. But decades-high population growth has masked this recession-like economic backdrop. Canada has added 2.1 million additional consumers since mid-2022. Real per person output has declined in six of the past seven consecutive quarters and unemployment has risen at the same time. https://thoughtleadership.rbc.com/canadas-economy-might-not-be-in-recession-but-it-feels-like-one/
I was trying to be a Nice Guy > Letting you know Canada is a Shit Hole . Just like the American Ashtray Called California
Market Data 
Markets 
AI
