REPORT: Canadian Economy Mired In Deep Slowdown

Not only is the Trudeau government stuck in total corruption, it’s also a total failure on the economy.

As Justin Trudeau tries running and hiding from the PMO corruption scandal, he and the Lieberals are trying to double down on the economy.

Except, the economy isn’t doing well at all.

According to a BNN Bloomberg report, “Canada’s economy practically came to a halt in the final three months of 2018, in a much deeper-than-expected slowdown that brings the underlying strength of the expansion into doubt. The country’s economy grew by just 0.1 per cent in the fourth quarter, for an annualized pace of 0.4 per cent, Statistics Canada said Friday from Ottawa. That’s the worst quarterly performance in two and a half years, down from annualized 2 per cent in the third quarter and well below economist expectations for a 1 per cent annualized increase.”

And it’s bad news almost all across the board.

Business investment is down 10.9%.

Residential investment is down 14.7%.

Exports are down 0.2%.

Imports are down 1.1%.

For all of 2018, GDP growth was a mere 1.8%, lower than the government and Bank of Canada had predicted.

Domestic demand is down.

The Trudeau economy is a failure, and the Canadian People are paying the price.

Spencer Fernando

Photo – Twitter

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Paul Chabidonshawn harrisBrian MELLORDougGonzo the Magnificent Recent comment authors
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Joe
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Joe

I’m doing my part…
Just bought cheap pot from the US with no fees or taxes…
Hmmm…
My ebike runs on…
Oh well, at least Trudeau doesn’t pocket from my life style changes…
Unless he has shares in the US.

Gonzo the Magnificent
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Gonzo the Magnificent

Too heavily regulated and taxed.

Doug
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Doug

Just like when pet was in…

Brian MELLOR
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Brian MELLOR

Why would we not expect the Trudeau government to fail on the economy? Every thing they touch has failed.

shawn harris
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shawn harris

Trudeau believes that Canada can have a strong, growing and prosperous economy by undermining Canadians confidence in our economy by having them pay higher taxes, seeing jobs leave the country because of high business taxes, regulations and an anti business message, that scares away investors. Trudeau also believes that Canada’s economy can only grow by first destroying our economic foundation, the oil industry, while simultaneously rewarding corrupt businesses such as SNC Lavalin and Bombardier. Trudeau almost exclusively concentrates on jobs in Quebec while again pursuing a scorched earth approach to job creation in our oil industry and leaving the rest… Read more »

Paul Chabidon
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Paul Chabidon

I have never seen Canada suffer when the States are booming. The Trudope Government has been a disaster attacking most of the Resource Based industries like he Promised he would,it has been Horrible for us! Then he tackles the one last sector with a heart beat in our country the Housing Market. Under the guise of Protecting us from Criminals who are laundering money, by buying houses here holding them, paying down the Mortgage with illegal cash then selling them! He tighten mortgage requirements and raises Interest rates! That has basically pushed regular Canadians that were just hanging on out… Read more »