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Population growth ‘masked’ Canada’s ‘recession-like economic backdrop’: RBC
(www.bnnbloomberg.ca)
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I love this. "recession like".
For when you want to criticize the economy big have nothing to back it up with.
It's recession-like in the sense the GDP per capita is going down which means everyone is getting poorer... however the definition of a recession only considers GDP as a whole so technically the country is growing despite everyone getting poorer.
Didn't read the article eh? How 'bout this:
Seems like a lot to "back it up with," as it were.
The last line kind of implies that immigrants had an active part in keeping things afloat.
I mean, they are? They are additional consumers in an economy increasingly being driven by consumer spending, where spending per person is falling. So, adding more people keeps things afloat even though each person is spending less.
The main issue is that high immigration is a bandaid (doesn't address the issues causing spending to fall in the first place, and new spenders just get sucked into the same crappy economic climate once they get here as everyone else) and it comes with a host of other issues (e.g. increasing scarcity of high-quality, appropriate and affordable housing leading to further reduction in consumer spending).
Uhhh... Yeah. Sure. I wasn't disagreeing, just highlighting it among the rest of the discussion.