|
Welcome to the Canadian Financial Forums forums. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact contact us. |
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
Recession or worse?
Hi guys, because of the recent developments and the financial trouble US is facing what do you think is going to happen in Canada? Do you think we are in recession, do you think it is going to get worse? Please share your thoughts.
|
#2
|
|||
|
|||
Canada has been in recession for over a year now, as far as I'm concerned. I'm only hoping that this will be only a severe recession, and it won't evolve in a depression.
__________________
No debt |
#3
|
|||
|
|||
We are in recession, which I expect to become nastier in a few months, but I don't think we'll be in depression.
__________________
Bear with me please |
#4
|
|||
|
|||
The wors that can happen is a mild recession, and we are not even there yet.
|
#5
|
|||
|
|||
I think we've been in recession for quite a while now, although everybody is afraid to admit it. Look at the stock market, almost all sectors have lower earnings and the future looks bleak. The next thing to hit Canada hard is rapidly falling housing prices, which will translate in lower consumer spending (bad news for a consumer driven economy) and will create huge proiblems for most Canadian banks.
__________________
No debt |
#6
|
|||
|
|||
Even if we are in recession, I don't think it will last long.
|
#7
|
|||
|
|||
Quote:
|
#8
|
|||
|
|||
we are in recession. Even Stephen Harper admitted it. I think it is going to get worse. I hate saying that but next year will be tough.
|
|
|