The report, entitled “Hope At Last,” echoes other economic outlooks that see the Canadian economy roaring back to life once restrictions are lifted, reversing one of the deepest periods of retrenchment in recent memory. The comeback will be fed in part by the immense household savings Canadians accumulated last year, with the savings rate surging from 1.4 per cent prior to the pandemic to 14.8 per cent in 2020.
It said there are “signs that markets could be overheating,” and warned that the “collapse of such a bubble would have wide-ranging, negative effects on the economy.” Robert Kavcic, senior economist at Bank of Montreal, also warned on Tuesday about the pace of growth in Canada’s real estate markets, saying Ottawa should intervene in order to cool things down.
Kavcic called for policies that would break the “market psychologies” that say prices will rise forever, and which tend to bring about severe corrections. “With consumer demand for tourism and recreational services having been suppressed for more than a year, we expect to see a strong rebound in spending on services once restrictions are lifted,” it said.
Better to pray for forgiveness than ask for permission. Just sold that meme as a nft for 8000 canuckpesos
But Trudeau is doing everything possible to prevent this.
Who are you praying to
Looks like you're praying Canadians won't regurgitate when you unveil the long awaited Canadian financial plan. Folks are so tired of your infamous leader..did I say leader Sorry he only LIES so why listen to him ?
Is she praying? Kinda like our budget hopes.
And I’d be praying to if I were you...for a bloody miracle that more businesses do not shut down after next set of closures coming soon.
Ya ok. Good luck.
2035
What else would you expect? All OECD economies are expected to come roaring back. This will happen despite the Liberals.
Sure in a perfect world, should we talk about how many business went bankrupt and probably never reopen? But yea sunshine and rainbows
Minimum wage boom, how exciting!
Correction: after the virus has subsided. Canadians aren’t stupid and will not crowd into any business if restrictions are lifted prematurely.
Yeah, I won't hold my breath. The restrictions will remain for the foreseeable future.
Surprised this paper would show such a positive headline for Trudeau's Liberals! But I guess there is just no other way to spin this one.
Image is everything and a pose like a Nun or Virgin Mary is all preplanned. Trust me and I will lead you to the land of prosperity. Con artists act alot to fool their audience. They are advised how to speak, tones, body and facial expressions.
How about a choice of vaccines rather than that stuff the Americans don’t want.
What’s with the pious look? Cripes. What a fraud. cdnpoli
Looks more like she’s praying 🙏 for forgiveness
Really ? What did you sell to get these magic beans that will transform the devastated economy (pre pandemic) your govt. created. Will you draw in new business with your green policies and carbon taxes? Maybe your equal rights policies will have them flocking in. 1/2
Yeah OK🙄 We can't even get the vaccines right and you want us to believe you on the economy🤦♂️
and after the roaring 20s comes? yea...
Of course that is all being hampered by the liberal vaccine rollout failure which will continue. 65th in the world...pathetic
Woof.
Is that why u r giving 50 million of tax payer dollars to Syria?Is it not enough Canadians r crushed with more Carbon Tax and price of everything so high?
Then do it.
CCPVirus LiMengYan 闫丽梦 Covid19 CCPLiedPeopleDied WakeUPpeople DrLiMengYan1 UnrestrictedBioweapon ContemporaryGeneticWeapon OriginOfCOVID19
Ya right
Bullshit in a boxcar.
Roaring back on printed money
Watch the nay sayers and otoole lose their collective mind
Let's wait and have an election then. Not before
Banks are saying the housing market could slow down the recovery.
Not that I am against it but are we down to praying that this will all work out and budget will balance itself.
Yes, that would be the result one would expect...
In 2030
Freeland is useless. Can't believe ppl like that are in charge of our gov
As usual these days I have little to no faith in what MSM says.
All countries are going to see a roar or boom following Covid, which caused an artificial depression to the economy. This is not a result of liberal economic policy. It’s the inflation that will inevitably follow that is so frightening. It’s actually already began.
In 2030?
Except they won’t be lifted until we’ve reached herd immunity, and that won’t happen until we secure vaccines, and THAT won’t happen until Trudeau pulls his head out of his ass, or gets on his knees.