The Canadian economy is off to a terrible start to 2020 as four years of inept government policy are starting to come home to roost.
Manufacturing sales have posted their fourth consecutive negative reading, retail sales were stagnant to end 2019 and signs are that GDP growth is stalling and may actually be negative when accounted for on a per-capita basis.
We worry that our booming housing market may not be enough to prevent this situation from worsening, with the potential for a recession that could drag interest rates and the loonie lower as well.
And concerns about the coronavirus and its global economic impact couldn’t come at a worse time.
The other broader issue is what it could ultimately do to Canada’s reputation as a place to do business
BMO chief economist Douglas Porter
The problem is that the PMO has for the most part appeared more concerned with