Canada in Technical Recession

Pet_Ant

Considering all of Trump’s shenanigans it’s impressive it’s just that. With Hormuz, tariffs, and America first, this is the equivalent of a fender dent after spinning out on black ice.

clickety_clack

I’m surprised it’s taken this long to get here. Talking to a few friends up there, the country has been feeling economically depressed for the last couple of years.

bawolff

I wonder to what extent the clamp down on immigration is related to this. Feels like a factor that gets lost with everyone blaming trump (which dont get me wrong, he deserves)

usrnm

I have zero knowledge of economics, so maybe someone can help me with the question that's been bothering me lately. Why is being in recession or not decided based on figures not adjusted for inflation? I mean, a large part of Europe is technically not in recession, but growing at a rate that's much lower than inflation is no real growth at all, is it? How does it work?

izend

There is very little opportunity right now in Canada so I am not surprised the GDP growth has come in negative. It will probably be positive next quarter due to the oil price spike.

slopinthebag

Canada has been in a recession for years if you consider per-capita GDP. But the government has been importing millions of people to artificially boost GDP, and as soon as they started decreasing immigration targets GDP dropped. But Canadians have been feeling the squeeze for years. Especially the youth, who have a ~15% unemployment rate and are the unhappiest demographic of all developed nations :( Also kind of weird how little coverage this is getting in national media. It's not on the front page of CBC.com, it's tucked away in a sidebar on a subpage.