Subhead:Global finance elitist Mark Carney, central-bank whisperer, was supposed to steady the ship, but what has he rescued so far?#
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The Canadian economy isn’t ‘cooling’ or ‘transitioning,’ it’s on life support.
That’s straight from a report by economists at Rosenberg Research who looked into the numbers no one in Ottawa wants to talk about. Per-capita GDP is falling, economic growth is crawling at a mere 1%, while manufacturing is down 5%, housing is sliding, construction is flat, and retail is also stagnating.
The economy is officially on recession watch for 2026, the report says.
And while Bay Street pats itself on the back for cutting interest rates, young Canadians can’t even get their foot in the door.
Youth unemployment is now double the national average, as first reported by Blacklock’s.
Students are being locked out of the labour market before they can even get started. Canada’s interim budget officer detailed what it means when that first job opportunity is missed – turns out, your entire lifetime earnings take a hit.
Even senators are calling it what it is: a growing youth unemployment crisis.
And yet — somehow — the people at the very top aren’t just doing fine, they’re thriving.
