GDP numbers should “put an end” to speculation Canada is in recession: economist
Video Overview & Insights
In a solid start to the second quarter, Canada’s economy grew 0.5% in April after a weaker than expected start to the year that raised some concerns Canada had entered a recession.
It's mentally exhausting having the news provide misinformation. Companies are laying large amounts of people off, there are less job openings and even with the slightly lower price of gas the price of groceries has increased significantly and will not be coming back down in price. Why not just tell the truth?!
Desjardins Economist, LJ Valencia believes, “It really should put an end to the speculation that Canada is in a recession.”
Doesn't matter. Canada has sucked for 11 years.
While today’s data may help to calm some nerves, uncertainty over the future of the Canada-U.S. trade deal, and its impact on growth, remains.
Canadians are drowning in debt in a resource rich country , what's wrong with this picture? I'm not sure which liar to believe is the general mood right now .
“This sort of persistent uncertainty and tariffs in general are a significant downside risk to economic activity,” Valencia said.
Perfect example of the media being paid to misinform citizens. After this recession we need to address the problem of media misinformation and government paying them to do so.
Jacqueline Hansen has more.
How much did you get paid to report this? 0.4% growth with 3.2% inflation isn't a win. It's us losing buying power for the 11th consecutive year under the Liberal Party.
For more info, please go to https://globalnews.ca/news/11944337/canadian-economy-grows-april-technical-recession/
That's .5 % is a fake number it's being propped up by all the money the government is giving to the corporations
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We are doing so good in Canada and I have so much money. I just paid premium dollars for some beef.
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Reported as Mis-information Stop the lies
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More User Perspectives
Canadas 10 year growth rate is 0.7%
@Rotaris1Judge me by the prices of groceries”
Mark Carney
People are getting too dunk on this koolaid
@JimCurrie-c8hThe fallacy here is they include GOVERNMENT WORKERS IN GDP. This is a fallacy because
1/ those worker add no real productivity nor service to the nation, and only add to the tax burden and red tape difficulty.
2/ the governments in Canada have grown the government worker positions by 40% since 2015, while the population and private sector workers only rose 16% in the same time! nuts
Growth of public debt, credit card debt and increased mortgage payments boosting the numbers. Mr Hankey economics.
@markskids2030Half a percent? Wow, now I can retire! Thanks King Carney! Canada leading the World! GFY.
@KNav-x9oNothing is really causing any problems formy friends business. He is in real estate and entertainment 😊
@MaiAnnChan-y9bHappy🎉 🍁 Canada's Day❤❤❤❤❤😊😊😊
@MaiAnnChan-y9bWe are a nation in decline. It’s a sad reality for those of us who have been around long enough to know we were a much better and stronger nation in years past. Trudeau was key to this decline. Carney has continued this trend. We can’t continue spending money we don’t have. I just retired and won’t be burdened with debt payment that will fall on next generations (plural!). Hope has been taken from our youth. We used to be a land of opportunity.
@Canadian1515Get over it, every nation got hit with US tarrifs, so what? is Canada that special that it should be the sole nation not be faced with tarriffs? who the hell do you think you are that you get so offended? Should all nations act childish like Canada and over-react like this?
@AR-el1kmNatural resources on earth are limited and therefore research what is on other planets and using machines to get and do what humans do on earth is smart. Why fight over a cow when the herd is stand right there.
@ErrorN0tmistakeThis country is being sabotaged 100%. I am so embarrassed.
@foxhound09Reported for misinformation
@kevin-x5f7jCanadas 10 year growth rate is 0.7%
@kevin-x5f7jI dont believe anything main stream media pitches.
@herbalismonthehomesteadMore delulu koolaid yum
@Fr0stysLit…of the CBC will trumpet Liberal Party lies, and Global seems to be paid Carney, Trudeau et. al…!
@dadwire1483Lol, News from the " Global " cabal .😅
@robocoeAre the Canadian media seriously telling Canadians to celebrate with a 0.5% growth after a recession, a 6.5% unemployment and CAD lost 40% of its value against USD? 😂 Meanwhile the US media is telling Americans to hate Trump for a merely 2% growth, a 4% unemployment and USD surge to it’s strongest value? Wow if at this point you still confuse about what side own the media, then you are lost!
@NowAndToEternityGlobal, how did you become such a magnet for the ‘ignore facts! Canada is circling the drain’ trolls? Lol
@vanellemusicLies
@Zodiac178Keep trying to find excuses for this government. Billions of investment has left
@GTR1266You can tell the media got the tax payer funded paychecks
@mattbaxter688Worst country in the g7😂 as always
@mattboyko09Global, CTV, CBC, City TV all government propaganda. Has been for years.They also use bots on social media like Facebook to praise Carney.
@mikewood4242Carney's Canada:
- Highest in food inflation.
- Lowest real GDP growth among G7 nations, 2nd lowest among OECD nations the past decade.
- Only country in the G20 in a recession.
- Pays more than $1 Billion per week just to service the interest on national debt, more than what is spent to support healthcare.
- Unaffordable housing.
- Violent crime rates soaring.
- Reckless and disastrous immigration policy.
- A strained healthcare system.
- 25-year high interest rates.
- Stagnant wages that do not keep up with inflation.
- Little progress in tariff negotiations.
- No progress in developing the energy sector and scrapping anti development laws.
- Billions of taxpayer dollars wasted on other countries.
- Spent more than $300 Million on the PrescribeIT program only to cancel it after spending the money.
- Doubled the Trudeau deficit from $31 Billion to $65 Billion.
- Food banks are recording nearly 2.2 million visits per month.
- Mortgage costs have increased due to inflationary government spending.
- Highest household debt in the G7.
- Lowest investment per worker in the G7.
- Half a Trillion dollars of investment has fled from Canada to the United States.
- Twice as much capital has left than what has returned.
- Twice as many Canadians are starting businesses abroad than they do at home.
- Spaceport scandal cost $200 Million.
- $10 Billion a year given away as foreign aid.
- Failed net zero projects have cost $189 Billion.
- Increased federal workforce by 100,000 costing $17 Billion a year.
- CPP / EI IT systems failure has cost $6.6 Billion.
- Phoenix payroll failure cost $4.2 Billion.
- $2 Billion each year for temporary immigrant child care.
- Gun buyback cost $576 Million.
- Asylum seeker healthcare costs $1 Billion each year.
- Refugees receive $5,149 tax free while the average Canadian takes home $4,100-$4,800/mth after taxes on a good salary. Disabled Canadians including seniors and vetarans receive barely $1,000/mth despite paying into the system their entire lives.
- Created a bailout program for condo developers using 3 Billion of taxpayer money to buy empty condos at above market prices.
Is Global News on Liberal government’s payroll ?
@riasat001The Media figures out what the citizens have known for the last two years. See eventually all the lies are exposed. Wait till they have to tell you how unsafe and ineffective it was. They'll try to avoid it but it's coming.
@patrickcowan8701you could be in a recession if you can't back on your feet.
@flagship21These people are delusional
@alteryx5646My god this attempt at making all of us think things are going swimmingly is laughable and insulting.
@jamiesebastian5207Stop covering for the corrupt liberal government and carney. We are in a full blown recession.
@Shinebrite24No deal with the maga tYRmf pd o fascist gangster regime is better then a bad deal with the maga tYRmf pd o fascist gangster regime!!
@RudolphoAquiTrump will announce he’s ending USMCA tomorrow. Going to be a great day for America.
@22RTLENo CUSMA negotiations till release of unredacted Epstein files
@RudolphoAquiThis is comedy. We are in a depression.
@joshr7129The conservatives and their losers are strong on here! 🤣😅😂🤣🤣🤣
@Mike-q6b3zCanada is in a recession.
Denial and elbows won't change that.
maybe report the facts instead of telling people what to believe
@kintarianYou dimmies are missing the point. The investment in Canada's debt bonds are mostly owned by the CCP and US investors, no more is Canada's debt owned by Canadians... Now, we have the muslim call to prayer over a Canadian city. If we socialism any harder we will lose from all the socialism free stuff we are winning with. The problem with socialism and communism is they kill millions before they run out of money.
@davepaisley7675Look at this propaganda piece of crap MSM news.. nobody believes this, fudge a number here fudge a number over here and pop this .0005% and call it a booming economies. Nobody believe we are doing good.
@MarcGelinas-f4h11 1/2 years of these corrupt liberals have destroyed Canada! If only we had democracy and the oppositions ideas were taken seriously 🤔
@steveduffey5790