TRUDEAU ECONOMY: GDP Falls Again

It’s the second time in the last three months that the economy shrank.

Canada’s economy shrank in November, with GDP down 0.1%.

It’s the second time in three months that the economy has shrunk, yet another sign that the economy is weakening under Trudeau’s failed policies.

Retail spending fell 0.3%, while the energy industry was down 0.6%. Additionally, manufacturing fell by 0.5%.

That’s the third time in the last four months that manufacturing fell.

Future projections for economic growth keep getting revised lower, and with wages growing more slowly than inflation is rising, most Canadians – except for the elites – are getting poorer in real terms.

Trudeau’s excessive bureaucratic regulations and carbon tax hikes are having a devastating impact on Canadian families and Canadian businesses, destroying the confidence that is necessary for economic success and prosperity.

Spencer Fernando

Photo – YouTube

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JabagregDelBrian DouganGonzo the Magnificent Recent comment authors
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Gonzo the Magnificent
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Gonzo the Magnificent

Glad to see the retail spending number down. That is a very poor metric for a strong economy; consumption and indebtedness kind of go hand-in-hand. What ever happened to a nation that saves – increasing the capital base to draw from and a nation that produces instead of consumes, increasing our standard of living?
Funny thing is though, I will bet my last dollar that we are in worse shape on both accounts over the last 3 years.
Harper was smart in implementing the TFSA.

Brian Dougan
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A shrinking economy? Trudo: “Game on.”

Del
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Del

barbie promised that the green economy would grow by billions and tens of thousands of jobs would be created. No common sense business owner or investor is going to put money into a failing country. They will wait till it has collapsed like Venezuela, an intelligent Leader elected and then buy at pennies on the dollar. With any luck, when Trudeau will get flushed, corporations and investors will return. We might never get the $100 billion he has chased out, but hopefully we can get some of it back. PS: Why in God’s name are we paying Quebec to stay… Read more »

greg
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greg

Carbon tax hikes ? and they havent even begun yet !

Jaba
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Jaba

What were Canadians thinking to elect this mediocre human being?