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Here is some news about the economic forecast of Canada:
While the election was going on, Carney secretly dropped all retaliatory tariffs on the US (which I think is good, but shows how he doesnt follow through with his word)
He took out atleast $33 billion CAD when he was elected, can’t find any source on it (google said some results hidden)
He announced there will no be no budget: very bad sign
He said he would use some natural resources (yay!!) but he cancelled all new pipe construction
Canada is now forecasted for negative GDP growth. (Our economy is going to lose over $70 Billion dollars)
All I’m trying to say is, if you’ve invested in real estate or any assets in Canada, (dont know why when the CRA would take over 50% of the cut) get it out ASAP.
Canadas heading in for a recession. We just sold some real estate that 1 year ago would have sold for $1.4 million, just only sold for $1.1 million.
PS: the normal conversion rate for USD to CAD used to be 1.33 Since carney was elected the lowest its been is 1.37, with a peak of 1.44
Lets go Canada!! ELBOWS UP PANTS DOWN!!!
While the election was going on, Carney secretly dropped all retaliatory tariffs on the US (which I think is good, but shows how he doesnt follow through with his word)
He took out atleast $33 billion CAD when he was elected, can’t find any source on it (google said some results hidden)
He announced there will no be no budget: very bad sign
He said he would use some natural resources (yay!!) but he cancelled all new pipe construction
Canada is now forecasted for negative GDP growth. (Our economy is going to lose over $70 Billion dollars)
All I’m trying to say is, if you’ve invested in real estate or any assets in Canada, (dont know why when the CRA would take over 50% of the cut) get it out ASAP.
Canadas heading in for a recession. We just sold some real estate that 1 year ago would have sold for $1.4 million, just only sold for $1.1 million.
PS: the normal conversion rate for USD to CAD used to be 1.33 Since carney was elected the lowest its been is 1.37, with a peak of 1.44
Lets go Canada!! ELBOWS UP PANTS DOWN!!!
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