This is a pivotal statistic, always, but given that it’s election time, and economic factors are all-important, it’s all the more important. And these factors are not looking good for the Trudeau Liberals right now. Therefore, the news media buried the story in every way they could. I found it on page 22 (twenty-two!) at the Vancouver Sun, even though they seem to acknowledge its importance:
Economic growth stats over past few months of 2019:
March 0.05
April 0.03
May 0.03
June 0.03
July 0.00
This is not a good trajectory. This is not a good time to be planning — promising — to vastly expand Canada’s already excessive program spending and already large annual deficits. July’s growth was ZERO. When growth goes below zero the economy is contracting rather than growing — like it did in February of this year (–.3). If it contracts for two quarters, it’s called a recession. Do you hear the news media talking about a recession for Canada? No. Not now. Possibly in exactly three weeks.
PTBC was founded by Mr. Johannesen in 2000.
Contact Mr. Johannesen about this article using this form. Please refer to article's title.
FOLLOW @JoelJohannesen ON X!
- Say something. - Friday October 25, 2024 at 6:03 pm
- Keep going, or veer right - Monday August 26, 2024 at 4:30 pm
- Hey Joel, what is “progressive?” - Friday August 2, 2024 at 11:32 am
