Now that the election is over and the culture is safe from the predations of those nasty conservatives, the mainstream financial media can now openly admit what most SDA readers have known for months: the Canadian economy is headed for the dumpster.
TD expects another 100,000 Canadian jobs could be lost through the third quarter, bringing the unemployment rate to a peak of 7.2 per cent, a full percentage point higher than the bank’s December forecast.
The bank has also downgraded its forecast for gross domestic product and is now calling for a contraction in the second and third quarters of this year.
Imagine that!!!!
Socialism FAILS again!!!!
Canada has been in a recession for a couple of years, I think. The government flooded the country with millions of people and went on a massive public employee hiring spree to artificially pump up gross GDP and job numbers. The 8 quarters of negative GDP per capita growth was the real recession indicator.
Not sure I’d put to much stock in any advice coming from an employee of Toronto Dominion Bank after their money laundering schemes were uncovered by the USA. For example, this is the TD banker’s advice to stimulate the Canadian economy:
“Caranci said the money would be better spent on initiatives that encourage spending, such as tax credits for climate-friendly home renovations or a GST holiday.”
Not sure I’d put to much stock in any advice coming from an employee of Toronto Dominion Bank after their money laundering schemes were uncovered by the USA.
Exactly.
I was debanked – well, de-investment-advisor-accounted – by TD Waterhouse when I expressed concerns over Canadian banks’ activities during the truckers’ protest. Mentioned to my financial advisor that I thought it was wrong that banks were suspending accounts for people who sent 20 bucks to a GoFundMe page. So TD Waterhouse responded by telling me they didn’t want my business anymore and I had to move my account elsewhere.
I don’t think TD is just corrupt in a run-of-mill way. I think they are in actual collusion with either the government or whoever is controlling the government. Even though the message TD released is warning about contraction in the Canadian economy, my suspicion of collusion makes me wonder if that message is controlled by someone other than the bank itself.
Just as a thought experiment, consider this scenario: why would China want to promote a message, through a major player in the Canadian economy itself, suggesting weakness in the Canadian economy?
There seems to be a direct line from being a Canadian member of Parliament to getting employed by a Canadian bank or other financial institution. Some independent, investigative journalists are uncovering alleged links between government, the banks and international organized crime syndicates. In particular, in the drug trade and mortgage fraud/money laundering. TD bank only got caught because another country did the job Canadian law enforcement and government agencies refuse to do.
I made (2) $100 donations to the truckers through Go Fund Me, then Give Send Go … both donations were disappeared. IMHO that’s shockingly illegal. Esp. now that I see the teen murderer in TX has received nearly $1M in donations … for MURDERING a teen!!! And no one is TAKING those donations away from … the MURDERER!!
Or what about donations and banking for the “Free, Free, Palestine” thugs who intimidate Jewish students and “occupy” College buildings? Are those donor funds being seized and funding sources de-banked? Why not? Nothing the truckers EVER DID rose to THAT degree of hatred.
TD Bank is … simply put … a criminal organization. I hope they go out of business … completely. Man-o-man … Canada is going down the drain.
Sadly, TD Bank may be the best of the bunch! I have banked with CIBC and with BMO, bad experiences with both. So far, so good with TD bank – hopefully, it will last another 8-10 years , based on family history, that is my expectation for life. I truly hope I do not have to eat cat food for dinner in my very old age.
My convoy donation was refunded from give send go. I did have one odd interaction with a fill-in bank teller at my local bank but I can only guess that it was because of my convoy donation. Could have just been nothing. We have moved from the big banks to our local credit union partly because of the freezing of bank accounts. The other reason is that banks in small communities are closing and a recession will likely accelerate that process. The credit union will stay open in our town.
I work with a local credit union … but have not yet moved ALL of my banking there. I think it’s time to do so.
Frank McKenna is vice chair of TD and so far up Carney’s ass or vice versa, they are essentially co PM’s.
So. They’re collaborating to create new ways to hide the drug money laundering from the banking regulators?
Don’t worry, as long as government borrowing and spending counts towards the GDP number, the Liberals will spend just enough money to make it look like we are not in a recession. Trillion dollar per hour minimum wage, here we come.
It’s ok. We have the King and Queen to distract us. We might be going down, but at least we are not becoming another U.S. state. We will go down with our elbows up!
Elbows up, and heads up our collective cloaca.
Predicting, colluding, contributing.
And TD leads the way with layoffs.
Heh…no one saw that coming. /sarc off
Don’t care. No debt and I tend to do better through a recession. Well stocked on beer, popcorn and 00 buck. Let the games begin!
A recession is an ideal time to start a home based business, a little bit of side…
Yep…sure is great working a trade. Stopped doing overtime decades ago…since those pricks in Ottawa take half of it anyway. Past two raises I negotiated into PTO to boot. My time is side job time…eff them all.
That will only be fixed with more low-skilled immigration.
Don’t think of 100,000 jobs being lost think of it as 100,000 candidates made available for government jobs and future Lieberal voters.
And I read today that the Liberal caucus has voted against adopting the Reform Act which, among other things, would allow it to dump its leader. Amazing considering how much the caucus hated Trudeau and wanted him out but had no mechanism to remove him, allowing him to continue to do what he bloody well pleased.
We had better hope that the minority government does not engineer an alliance and thereby prevent a non-confidence defeat.
The day of reckoning is coming. When the Greatest Economist Ever (TM) reluctantly drops the budget very, very late in the fall, my prediction is an 80-100 Billion deficit. Immediate downgrade by the major rating agencies. To be solved by printing more money, taxing home equity and tax on unrealized capital gains. That and the production of little brackets to help hold the elbows up (manufactured in China of course) The capital flight will be epic.
US too facing major issues in their bond market. But, announcements of investment coming in. Will it be realized? I would suggest far more likely than anyone wanting to invest in canaduh.
Awesome. The Carney/WEF Globalist plan is working just as designed. Imagine, no Canada, no Federal Income tax, and No Carbon tax, and No GST. Depending on your income bracket, we are talking a 30-50% raise in pay. Just a couple of good reasons for joining the 51st State.
The people that live in this place don’t care about any of this, they’re more than willing to starve while freezing in the dark in the faint hope that Trump will actually notice their plight and feel bad.
They can warm their hands by the fire as their EV’s and Solar Panels burn down.