CANADA HEADS FOR RECESSION! - Are you feeling it in domains? (3.Viewing)

CANADA HEADS FOR RECESSION!

I did not need a tweet or chart to tell me that.

I simply bookmark houses over a million on Realtor.ca and wait and see how long they are taking to sell. In my area the houses over 2 million are sitting for months, some of them since January.

Additionally I am buying more one word .CA's than ever before and most of them are being sold by distressed owners who are running into financial difficulties.

I am actually turning down decent domains that I would have snapped up before because one can only buy so many before the well runs dry. I am currently working a number of 5 letter pronounceables that I never thought I could pick up for the quoted price and I'm still hesitating.

From all my markers and history in the business Canada is not entering a recession, we are definitely in it!!

And people laughed when Carney was called Trudeau 2.0.

When Carney said he would drop migration numbers and install HARD CAPS to limit our out-of-control population growth, these were all lies just to get the Liberals reelected. Anyone with a brain knew this, but apparently we have a lot of brainless people in Canada who actually think a leopard can change its spots.

Need proof? We're only in August and Carney has already blown past his "Hard Caps" and has even gone past some the mind-boggling migration records of Trudeau:

• Temporary Foreign Workers: Promised Cap 82,000; Issued 105,000 so far
• International Mobility Program: Promised Cap 285,000; Admitted 302,000 in first six months

I can't even imagine what the numbers will be by the end of 2025, and as many noted economists stated in the articles I've read, there will be a huge economic and social toll to pay by flooding our country with unskilled, low wage foreign workers. All the Liberals are doing is mass-importing warm bodies with wallets who artificially and temporarily prop up up a declining economy (and make their corporate donors billions in slave labor profits), while future generations will have to foot the eventual bill for these short-term gain/long-term pain decisions.

In December 2024, former Bank of Canada governor Stephen Poloz said in a webinar that Canada is in a recession. He said the weakness of Canada’s economy has been masked by high population growth.

“A technical [recession] is a superficial definition that you have two quarters of negative growth in a row, and we haven’t had that,” Poloz said. “But the reason is because we’ve been swamped with new immigrants who buy the basics in life, and that boosts our consumption enough.”

In effect, high population growth can decrease the amount of economic activity per person. “In a sense, it’s the size of the pie,” explained Lars Osberg, an economics professor at Dalhousie University. “If you have to divide the pie among more people, each slice of the pie is on average going to be smaller.”

Osberg particularly worries about the effect of low-skilled immigration on workers’ average incomes.

“If you bring in a whole bunch of people to work at Canadian Tire or Tim Hortons or all these relatively low paid service sector jobs, you increase GDP, but you increase it by less than the average of all incomes. And so that pulls the average down,” he said.

Eric Kaufmann, a Canadian professor of politics at the University of Buckingham, says high immigration levels also have far-reaching consequences for national identity and social trust.

“The more diverse the population, the less people trust each other,” he said.

Kaufmann draws on decades of international research showing that rapid demographic change can strain civic engagement and weaken collective identity, especially if policymakers fail to address these shifts openly.

Also happening all over Europe.

Elbows Up!!

domains said:

Also happening all over Europe.

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Yep, large corporations kill competition and create a wide disparity in wealth, thus lowering the birth rate (as no one can afford 5 kids anymore), but they still need more & more customers so they pay off politicians to import as many 'warm bodies with wallets' as possible from the poorest and least-educated countries on Earth, just to temporarily and artificially prop up the economy, and allow them to hit their annual profit forecasts.

The CEOs get rich, the politicians get rich, but the countries and their citizens suffer immensely and face a broken future ahead.

Trudeau dropped the immigrant points needed for entry to Canada into the toilet and while flooding the country with 1.5 million new bodies a year (all producing more garbage, more carbon, more pollution, etc.), he also expounded on the need to be "go green" and lower our carbon output. Someone please tell me how that works.

And Carney is even worse, outpacing many of Trudeau's records and already blasting past the fictional "hard caps" on migration numbers that he used to put the Liberals back in power.

This is probably the most truthful cartoon I have ever seen:

I would blame the governments before blaming corporations. At least corporations create jobs and economic development, and Canada has seen many leave because there is too much friction doing business in Canada, because of government. Are there some bad corporations or bad parts of them, sure, but our governments are worse. Especially in Europe which is overregulated, you have to wonder why the majority of the biggest new companies have come out of the US and why is there way less innovation in Europe?

domains said:

I would blame the governments before blaming corporations.

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I blame the governments for taking the major corporations' money in exchange for the importing of warm bodies for revenue and for cheap labor, especially in a country like Canada which is dominated by oligopolies and some outright monopolies.

This has been a major shift under the Liberals and instead of referring to them as businesses or corporations, the Liberals started referring to them only as "stakeholders", which infers a vested interest and influence in government affairs.

Entities like Tim Hortons and Canadian Tire are making billions of dollars from scamming the (supposedly Temporary) Foreign Worker Program, which incidentally has exploded under Carney and is way, way, way past his promised (i.e. fictional) "hard caps" on the number of foreign workers. And now it's virtually impossible for young Canadians to get that "first job" because those have been taken over by cheap foreign labor.

This country is an absolute mess and it's just going to get worse, as none of the monolithic corporations will allow ever the Liberals to halt or cap their constant mass abuse of these programs. They make too much money and pay too much in payola and donations to ever let it this go.

I think Canada has officially jumped the shark.

Just when you think companies in Canada can't stoop any lower, an investigative report states that the CBC is the latest corporate pig to put its snout in the Temporary Foreign Worker trough - and they're hiring foreign workers over Canadians using our tax dollars! Unbelievable.

CBC hiring Temporary Foreign Workers: Govt docs



You can't make this crap up.

And just for a quick example of how the expansion and rampant abuse of the Temporary Foreign Worker program has destroyed Canada, the "official" unemployment rate nationwide is in the 6.X% range, while the unemployment rate with youth/young adult Canadians is in the 15-20.X% range (depending on area).

If you can't get that "first job" because all the entry-level positions are flooded with Temporary Foreign Workers, then it's extremely difficult, if not impossible, to get that second and third job.

What's even more insane is the vast majority of these "young Canadians" voted for the Liberal party in the last election. I guess the next generation is just a pile of drooling idiots - which incidentally will just give the Liberals greater rationale to flood the country with even more cheap foreign workers.

We're officially doomed.

DomainRecap said:

I guess the next generation is just a pile of idiots.

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Maybe not, it's called universal basic income, the teenagers know exactly who to vote for.

The exodus of the hard working businessmen is coming, taxes are at the breaking point.

MapleDots said:

Maybe not, it's called universal basic income, the teenagers know exactly who to vote for.

The exodus of the hard working businessmen is coming, taxes are at the breaking point.

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Too bad that option only exists in the fever dreams of a meth-head.

Where is the money going to come from when a lot of it is already headed overseas and Canada's current debt load is absolutely insane.

I do agree that the exodus of our "best and brightest" is already underway. I know a lot of people in the government and also have family working there, and the number of high-quality employees leaving for high-paying US jobs is insane. A lot of newly-hired/promoted STEM grads are going to Big Pharma and one highly-educated gal I know personally was making $100K at Health Canada and is now in Chicago as a VP in a pharma company pulling in 7-figures + bonuses and stock options - same with her fiancé who worked with her.

Just in the government alone, the numbers are truly alarming, and it's only the "best and brightest" that are leaving - all the dead weight stays put. And worst of all, they need to keep those positions open for years in case the incumbent returns. The same thing happens with new immigrants - all the highly-skilled, educated and smart ones just use Canada as a jumping point to the US, leaving us with the dregs.

Soon Canada is going to be comprised primary of criminals, old people, gov't workers, druggies, feebs, disabled people, lazy-asses, new immigrants, immigration lawyers, and foreign workers.

As one person said on X today, "I would leave Canada if I could, but I'm just too old."

The best rationale I've heard for why Canadians allow all the mismanagement to go on is that most Canadians are very complacent. You could add polite as well. As we keep seeing every election, so far it hasn't mattered how bad things are, enough people keep voting Liberal, and we all pay the price. If it keeps getting worse or even not improving, then maybe more of these complacent Canadians will finally wake up. Remember the Liberals are a minority government and public opinion can change swiftly as we saw when Trudeau was ousted. I don't think a new Conservative government would instantly fix all the problems or have all the answers, but I like a lot of what they say and I think would get things going in a better direction than we've had. There is real potential for disaster ahead the longer this Liberal government stays in power.

Canada Loses 66,000 jobs in August.

Unemployment rate now 7.1%, highest since 2016. Youth unemployment even higher.

Carney and his Liberal gang on the telly today announcing government bailouts, erm, I mean support, to industries hit by tariffs.

$2 Billion more going to Ukraine from Canada for military aid, pledged earlier this year from Carney.

US jobs report today not so hot either, revised June to show actual job losses, first monthly job losses reported since 2020.

Expect Fed and BOC to reduce rates this month, with resulting ramifications to gold, silver, and hard assets, as is being seen today in anticipation.

Canadian government still spending big, while a soft economy and job losses will mean lower tax revenues coming in. More spending, less income, isn't a good mix. Oh well, at least lower interest rates may have an effect on lowering interest payments on our huge national debt.

The politicians that form Canadian government are no match for their US counterparts.

This just proves the stats that with Canada's average intelligence, education and literacy levels dropping to record lows, the drooling morons have finally outnumbered the rational and intelligent people in this country.

Why else would the unwashed masses vote the Lying Liberals into power yet again?

And as per the rampant "refugee scams", these have gotten way out of control and everyone in the third world already knows the tricks and that the Liberals are always looking for more potential Liberal voters. Why else would Trudeau change Canadian citizenship requirements from 4 years of full-time residency in Canada, to only 3 years of part-time residency (just visit on holidays and be a citizen).

In one report, a consultant of Sudanese descent was brought in to evaluate refugees from Sudan and she discovered that the vast majority were not even from Sudan, and were just migrants from surrounding countries that travelled to Sudan to get on the Canadian gravy train. And they all had a script, whereby they all had serious medical issues (more money per day), special food requirements and allergies (more money per day), special accommodation requirements (more money per day), along with a laundry list of other "special requirements" that put their annual "salaries" (for being refugees) into the stratosphere.

But the Liberals didn't care for her input on the validity of the refugees or their "special requirements", and just accepted them all based on their word alone. And we wonder why Canada is a breeding ground for third world scamming.

MapleDots said:

https://twitter.com/x/status/1964529783318204544

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As far as I understand this number includes cost for housing etc.

FM said:

As far as I understand this number includes cost for housing etc.

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Yes, it's how much they spend on a refugee every day for food and lodging, assuming the refugee doesn't have special accommodation, medical, food, or other needs, which would push that number up to 6-figures a year. And that doesn't include incidentals like drugs and medical care (which can be extremely costly i.e. AIDs, organ disease/replacements, etc.), clothing, incidentals, etc.

There was a study done on Canadian refugees from decades ago, and significant portion of them are still on social assistance to this day. The decades-long costs are staggering, and have more zeroes than my keyboard could probably handle before breaking.


Liberals created the current asylum crisis:

"Recently released statistics indicate over 144,000 migrants claimed asylum in Canada during 2023. This is the highest year on record and is several times higher than any year before the Liberals formed government in 2015. Until a decade ago, Canada was receiving on average less than 25,000 asylum claims per year."

Federal failures broke Canada’s asylum system: Michael Barutciski | Macdonald-Laurier Institute


More good news:

Foreign student asylum claims hit record high in 2024, set to grow in 2025

International students filed a record 20,245 asylum claims last year, with 2025 on track to surpass that number, according to federal immigration data obtained by Global News.

Foreign student asylum claims hit record high in 2024, set to grow in 2025 - National | Globalnews.ca


And here's an interesting chart from the CBC: