Canadian economy craters in Q2 due to the COVID-19 pandemic

Economist and professor at Queen's University Don Drummond says the Canadian economy was hit deepest by COVID-19 in the second quarter.

#cdnpoli

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76 comments

    1. CCP Subversion — modern warfare, ” interlocking systems of actions, political, economic, psychological and military that aims at the overthrow of a country.

  1. Breaking news: mass unemployment, blowing out budget, and completely shutting down country bad for economy

    “we never could have seen this coming” says federal leadership

    1. Chince Videos no no YOU guys miss the point. Just because business is possible, doesn’t mean the government hasn’t massively undercut it. His pout. Is chilli liberties are eroding.. though technically we don’t have any. Go read the charter, first paragraph. Thanks.

    2. ​@Peter Pelly We dont have a dictator. But we have too much government influence in our markets. It is what it is. This isnt capitalism. Before we start criticizing other countries, maybe we should look at our major issues that are really annoying. Also, Canada isnt the place for innovation, no innovator wants to open up shop in Canada.

    3. @John Cam I know we aren’t living in a dictatorship…everything else you said is debatable. As far as criticizing other countries, just remember who threw the first insults.

    1. Baustin V So what of what I said was wrong exactly, instead of being dismissive? Resort to name calling, further being dismissive, and is it nonsense or facts? Sounds like an oxymoron to me. I’m aware that with government defining what’s “essential work”this year, while pumping out billions, gave preferential treatment to those deemed “essential”. I’m aware that the debt load has grown exponentially, because there’s more years of deficits than not. Which hasn’t benefited much of anyone with interest rates slowly siphoning off savings.

    2. @Robert Russell the defecit is not what causes national debt to explode. The defecit is the amount of money the government has in circulation vs what they get back in taxes for the budget of that year. Im implying that you dont understand how defecits work because you are tying it to national debt and thats not how it works.

  2. Housing market is primarily being propped up by foreign investors buying all our dam houses for their kids. Thanks to our sell out government and banking cartel.

    1. @Erick James government is completely broke. cant cut foreign money completely. might as well charge extra.

    2. @jaki rox it’s still selling our sovereignty regardless of how much we sell it for. Can’t have a nation without sovereignty.

  3. That is a lie. The economy cratered becsuse our leaders made decisions that caused our economy to tank. They killed it on purpose and in the process hurt millions even murdering tens of thousands. They should be put on trial, convicted, and jailed.

    1. I’m genuinely curious what murders you are talking about. I think Trump let his citizens die by the way he dealt with the pandemic. I feel like we handled it better in Canada, but maybe I’m wrong, I don’t know. Always willing to look at another side if you give me a source.

    1. @Max yeah – highest spending and worst economic turnout in our history isn’t a problem at all. Budgets balance themselves, right?

  4. Stop blaming a “pandemic” for poor government policy. This government has been inept in many ways. You keep trying to point fingers at other countries to deflect attention from Trudeau and his incompetence.

    1. the government benefits more from having a functioning economy, wheres the incentive? oh right there isint one, its just the classic conspiracy victim mentality

  5. This is not due to the ‘pandemic’ but to the government’s response to this ‘new’ virus. Had the government not grossly overblown this out of proportion it would not have been this catastrophic.

    1. @xzanthius
      Theres places like South Dakota and Sweden that didnt lock down.
      However I agree, this is an international crisis because of the WHO and its corrupt officials. China was probably involved in getting the WHO to respond the way it did, but we cant solely blame our governments here since this is the cost of globalization and allowing international groups to sway your localized government.

    2. @Slim Jim Savage You again. Copy and paste for your ignorance. Sweden has as many deaths as Canada with about half the cases. Are they doing fine ?
      South Dakota is a barren wasteland, and there are already reports of over 100+ cases linked to Sturgis, last I checked (last week). That number is probably in the thousands now.

    3. It’s not really overblown, the first form of the virus before mutation was exceptionally deadly. The second mutation was still deadly enough that I wouldn’t risk our entire generally older population. Sounds more like you don’t know anything about microbiology than anything.

    4. @DarkKnightTrinity CDC just released the fact 94% of recorded covid deaths were not from covid. They even listed suicides as covid deaths. This was never as deadly as we were told.

  6. Government shuts down economy. Trudeau embezzles multi millions. But,
    ‘ we couldn’t see this coming ‘ – stats Canada

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