“The Canadian economy appeared to stall in the second quarter as investment in housing continued to fall, led by a drop in new construction.”
Basically the Canadian economy is running on fumes and is a rickety “house of cards” (pun intended) propped up by speculative investment that turned housing into a get rich scheme.
The end game of this looks bleak
#Canada #CanadianEconomy #cndpoli
From: @cbcworld
https://botsin.space/@cbcworld/110990144446625844
#cndpoli #canadianeconomy #Canada
Global News BC: Canadian banks face pressure to support wildfire victims, climate change https://globalnews.ca/news/9922761/canadian-banks-face-pressure-to-support-wildfire-victims-climate-change/ #globalnews #britishcolumbia #news #Canadianbankswildfirerelief #Wildfirefinancialrelief #CanadianWildfires #ClimateActivists #financialsupport #CanadianEconomy #RenewableEnergy #wildfirevictims #climatefunding #CanadianBanks #ClimateChange #Energyeconomy #Wildfires #Economy
#globalnews #BritishColumbia #news #canadianbankswildfirerelief #wildfirefinancialrelief #canadianwildfires #ClimateActivists #financialsupport #canadianeconomy #renewableenergy #wildfirevictims #climatefunding #canadianbanks #climatechange #energyeconomy #wildfires #economy
“The rich world’s housing crunch is far from over” https://bankwatch.ca/2023/04/04/the-rich-worlds-housing-crunch-is-far-from-over/ #CanadianEconomy, #Economy, #Rules-based-international-system, #WorldEconomy
#worldeconomy #rules #economy #canadianeconomy