Re: Newfoundland Will be the First Domino to Fall: Province is Teetering on Bankruptcy

[Anonymous]

I saw a video from Global that said thousands of small businesses across Canada are likely gone for good.

[Anonymous]

This is very, very, very bad news ...



For 2.5 years I have been saying the Dippers and Liberals need to stop the insane spending levels and reserve cash for the pending economic credit bubble crunch ... a 12% shrinking of the economy is massive ... the bubble is about to explode.



Trudeau and Notley are THE dumbest people on the planet.

https://scontent.fyxd1-1.fna.fbcdn.net/v/t1.0-9/95272285_965197280603905_6505901870253342720_n.jpg?_nc_cat=106&_nc_sid=8024bb&_nc_ohc=DiRO1f0duq8AX8n-vnK&_nc_ht=scontent.fyxd1-1.fna&oh=1cd8a6dfb8e4b4ea1c98761a33c47135&oe=5ED2E8D4">

[Anonymous]

The Canadian economy shrank by an estimated nine per cent in March as the novel coronavirus pandemic forced a partial lockdown of the country, Statistics Canada said on Wednesday.

[Anonymous]

The Canadian economy shrank by an estimated nine per cent in March as the novel coronavirus pandemic forced a partial lockdown of the country, Statistics Canada said on Wednesday.

Not to mention thousands of small businesses that will never return..



All of this pain thanks to a long lockdown.

[cc]

I choose to put the blame on China's invasion as the root cause of it all

[Anonymous]

I choose to put the blame on China's invasion as the root cause of it all

yes

[Anonymous]

New car sales in the UK were down 97% in April. In France, car registrations were down 89% in the same month.

[Anonymous]

'Horrifically swift': Canada lost almost two million jobs in April; jobless rate soars to 13%



Roughly three million jobs have been lost over the past two months, the steepest consecutive monthly declines in employment ever recorded



The Canadian economy lost two million jobs in April, an astonishing figure and, remarkably, one that might  understate the damage caused so far by the coronavirus crisis, economists said.



Statistics Canada on Friday reported the collapse in employment caused the jobless rate to spike to 13 per cent from 7.8 per cent in March, nearly matching the highest ever recorded in data that date to the mid-1970s. In all, about 15 per cent of the labour force is currently without work.



"Job losses have been horrifically swift since February," Arlene Kish, an economist at IHS Markit, a data and research firm, said in a note to her clients.

https://business.financialpost.com/news/economy/canada-lost-almost-two-million-in-april-jobless-rate-soars-to-13">https://business.financialpost.com/news ... oars-to-13">https://business.financialpost.com/news/economy/canada-lost-almost-two-million-in-april-jobless-rate-soars-to-13



Three million jobs lost to lockdowns in just two months. THREE MILLION.

[Gaon]

'Horrifically swift': Canada lost almost two million jobs in April; jobless rate soars to 13%



Roughly three million jobs have been lost over the past two months, the steepest consecutive monthly declines in employment ever recorded



The Canadian economy lost two million jobs in April, an astonishing figure and, remarkably, one that might  understate the damage caused so far by the coronavirus crisis, economists said.



Statistics Canada on Friday reported the collapse in employment caused the jobless rate to spike to 13 per cent from 7.8 per cent in March, nearly matching the highest ever recorded in data that date to the mid-1970s. In all, about 15 per cent of the labour force is currently without work.



"Job losses have been horrifically swift since February," Arlene Kish, an economist at IHS Markit, a data and research firm, said in a note to her clients.

https://business.financialpost.com/news/economy/canada-lost-almost-two-million-in-april-jobless-rate-soars-to-13">https://business.financialpost.com/news ... oars-to-13">https://business.financialpost.com/news/economy/canada-lost-almost-two-million-in-april-jobless-rate-soars-to-13



Three million jobs lost to lockdowns in just two months. THREE MILLION.

All those job losses are a self inflicted wound.

[Anonymous]

'Horrifically swift': Canada lost almost two million jobs in April; jobless rate soars to 13%



Roughly three million jobs have been lost over the past two months, the steepest consecutive monthly declines in employment ever recorded



The Canadian economy lost two million jobs in April, an astonishing figure and, remarkably, one that might  understate the damage caused so far by the coronavirus crisis, economists said.



Statistics Canada on Friday reported the collapse in employment caused the jobless rate to spike to 13 per cent from 7.8 per cent in March, nearly matching the highest ever recorded in data that date to the mid-1970s. In all, about 15 per cent of the labour force is currently without work.



"Job losses have been horrifically swift since February," Arlene Kish, an economist at IHS Markit, a data and research firm, said in a note to her clients.

https://business.financialpost.com/news/economy/canada-lost-almost-two-million-in-april-jobless-rate-soars-to-13">https://business.financialpost.com/news ... oars-to-13">https://business.financialpost.com/news/economy/canada-lost-almost-two-million-in-april-jobless-rate-soars-to-13



Three million jobs lost to lockdowns in just two months. THREE MILLION.

All those job losses are a self inflicted wound.

It was an overreaction based on hysteria that caused it..



I supported the idea of short term lock down at first, but now that I see the damage it caused, it's worse than the coronavirus.

[Anonymous]

'Horrifically swift': Canada lost almost two million jobs in April; jobless rate soars to 13%



Roughly three million jobs have been lost over the past two months, the steepest consecutive monthly declines in employment ever recorded



The Canadian economy lost two million jobs in April, an astonishing figure and, remarkably, one that might  understate the damage caused so far by the coronavirus crisis, economists said.



Statistics Canada on Friday reported the collapse in employment caused the jobless rate to spike to 13 per cent from 7.8 per cent in March, nearly matching the highest ever recorded in data that date to the mid-1970s. In all, about 15 per cent of the labour force is currently without work.



"Job losses have been horrifically swift since February," Arlene Kish, an economist at IHS Markit, a data and research firm, said in a note to her clients.

https://business.financialpost.com/news/economy/canada-lost-almost-two-million-in-april-jobless-rate-soars-to-13">https://business.financialpost.com/news ... oars-to-13">https://business.financialpost.com/news/economy/canada-lost-almost-two-million-in-april-jobless-rate-soars-to-13



Three million jobs lost to lockdowns in just two months. THREE MILLION.

All those job losses are a self inflicted wound.

It was an overreaction based on hysteria that caused it..



I supported the idea of short term lock down at first, but now that I see the damage it caused, it's worse than the coronavirus.

Nobody can deny that total economic halt is not a proportional response.

[Anonymous]

Aint no surprised here.



Annual inflation rate turned negative in April: StatCan



https://www.ctvnews.ca/canada/annual-inflation-rate-turned-negative-in-april-statcan-1.4946154">https://www.ctvnews.ca/canada/annual-in ... -1.4946154">https://www.ctvnews.ca/canada/annual-inflation-rate-turned-negative-in-april-statcan-1.4946154

OTTAWA -- Canada's inflation rate turned negative in April as the economy came to a standstill in the first full month of the pandemic as part of a spending shift that a top central banker says may signal further changes in consumption patterns post-COVID-19.



Statistics Canada said Wednesday the consumer price index for April fell 0.2 per cent compared with a year ago, the first year-over-year decline since September 2009.



The reading compared with a year-over-year increase of 0.9 per cent in March, when the pandemic first started to affect the broader economy.



The drop in inflation in April was fuelled by a 39.3 per cent plunge in gasoline prices the largest year-over-year decline on record. Excluding energy, Statistics Canada said CPI rose 1.6 per cent.



"Even if the economy as a whole bounces back quickly when the shutdown is eased, some sectors may be permanently affected," Lane says in his speech, citing "lasting effect on travel of all kinds" and the "long-term prospects for oil demand and prices."



Prices have moved higher in recent weeks, TD Bank senior economist James Marple wrote in a report, suggesting "the biggest of the price declines are likely in the rear-view mirror."



Household cleaning products increased on a monthly basis by 4.6 per cent, while toilet paper fuelled an increase in the "paper supplies" category by six per cent, the largest monthly increase for that index on record.



Travel and accommodation prices fell 9.8 per cent on a yearly basis in April, the largest decline since 2011 as public health restrictions limited travel to and within Canada, the agency said.



Statistics Canada said there were notable declines in locations near major tourist attractions, including Niagara Falls and the Rocky Mountains.



Food prices for rice, eggs and margarine posted "significant increases," the agency said, coinciding with higher demand for non-perishable products as consumers were encouraged to limit shopping trips.



Prices for pork and beef increased by nine and 8.5 per cent, respectively, compared with April 2019. The change was due to a boost in sales and supply issues, including a slowdown in cross-border shipping and production cuts or temporary closures of Canadian meat processing plants, Statistics Canada said.

[Frood]

It's always been a manipulated Ponzi scheme...



...and now they're gearing up to collapse it, default, cull the herds of unwanted, and bring down the hammer on liberties...



...

[Anonymous]

It's always been a manipulated Ponzi scheme...



...and now they're gearing up to collapse it, default, cull the herds of unwanted, and bring down the hammer on liberties...



...

I only have a high school diploma. But, I was able to have a challenging and lucrative career in an industry progtards say is evil. Prog money money won't rest until they have exterminated the middle class in developed countries. Average people with choices about their own lives stands in the way of their goal to control everybody.

[Anonymous]

It's always been a manipulated Ponzi scheme...



...and now they're gearing up to collapse it, default, cull the herds of unwanted, and bring down the hammer on liberties...



...

I only have a high school diploma. But, I was able to have a challenging and lucrative career in an industry progtards say is evil. Prog money money won't rest until they have exterminated the middle class in developed countries. Average people with choices about their own lives stands in the way of their goal to control everybody.

I studied mechanical engineering for one and a half years. But, I only have high school too. I was able to have a career that provided for a comfortable lifestyle and soon a decent retirement. Progs want me collecting $500 instead. They are scum.