Canadian Economy in 2011

[idiotstockinvestor]

http://www.news1130.com/news/local/a...household-debt

This can't be good, but it's no wonder, the economy has been suffering, and wages here in Canada have not increased with inflation at all. To make it worse our cost of living (housing, food, gas etc..) is all much higher than most places, especially the USA.

I think the government already predicted it will grow slowly, most analysts/experts consider this growth to be stagnant and not an indication that we're back on track.

[idiotstockinvestor]

"
Canada's post-recession economy slipping, says Conference Board of Canada"

http://ca.finance.yahoo.com/news/Can...FzcG9zdC0-?x=0

This is a bit worrisome but it's a trend that is not surprising to me as a Canadian.

[idiotstockinvestor]

I've been following this developing story but haven't posted much about it but here is the starkest warning for the Canadian economy in recent months from the Bank of Canada. Ironically our government for months (until recently) had claimed everything was fine and our economy was great, well managed and unaffected by the global economic crisis but many of us knew otherwise, that the USA economy and ultimately the EU will be hitting us hard.

Europe's debt crisis a risk here, Bank of Canada warns


http://www.cbc.ca/news/world/story/2...bt-crisis.html