The destructive economic policies of the Trudeau Liberals have pushed investment out of the country and severely damaged confidence.
In 2008, the world was experiencing the worst financial crisis since the great depression. The combination of incompetent politicians and corrupt bankers brought the financial system to the brink of collapse, which was then worsened by policies that saved the big banks while doing nothing to help workers.
That financial crisis led to severe economic problems that spread around the world, and it’s no surprise that 2008 was an awful year for stock markets around the earth, including the TSX here in Canada.
And while the world is not in a financial or economic crisis now, there’s a growing sense of crisis here in Canada, as destructive policies from the federal government take a toll.
As a result, 2018 was the worst year for Canadian stocks since the financial crisis of 2008.
The TSX fell a whopping 12% in 2018.
As noted by BNN Bloomberg, “Energy stocks were the worst performers, posting a decline of 21 per cent, followed by consumer discretionary, down 18 per cent. Even pot stocks, which were a bastion of optimism for Canadian investors as the country legalized recreational marijuana, ended the year in negative territory.”
While the Trudeau government will try to blame external factors, they can’t evade responsibility.
Canada has everything in place that should make us a booming economy, considering our abundant resources and hard-working population. The only thing that can stand in the way of our true potential are government policies like carbon taxes, excessive regulations, opposition to the energy industry, and an overall attitude that scares away investment.
And that’s exactly what’s happening. Instead of booming, our economy is weakening, and the warning signs of further economic decline and even a recession are starting to add up as the impact of Trudeau’s economic policies deepens.
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