REPORT: Canadian Economy Mired In Deep Slowdown

Not only is the Trudeau government stuck in total corruption, it’s also a total failure on the economy.

As Justin Trudeau tries running and hiding from the PMO corruption scandal, he and the Lieberals are trying to double down on the economy.

Except, the economy isn’t doing well at all.

According to a BNN Bloomberg report, “Canada’s economy practically came to a halt in the final three months of 2018, in a much deeper-than-expected slowdown that brings the underlying strength of the expansion into doubt. The country’s economy grew by just 0.1 per cent in the fourth quarter, for an annualized pace of 0.4 per cent, Statistics Canada said Friday from Ottawa. That’s the worst quarterly performance in two and a half years, down from annualized 2 per cent in the third quarter and well below economist expectations for a 1 per cent annualized increase.”

And it’s bad news almost all across the board.

Business investment is down 10.9%.

Residential investment is down 14.7%.

Exports are down 0.2%.

Imports are down 1.1%.

For all of 2018, GDP growth was a mere 1.8%, lower than the government and Bank of Canada had predicted.

Domestic demand is down.

The Trudeau economy is a failure, and the Canadian People are paying the price.

Spencer Fernando

Photo – Twitter


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