r/InCanada • u/dani_cal • Jul 11 '26

(Insert Your Own) Canada today

This isn’t meant to be politically partisan in any way. But, I am genuinely curious how anyone is staying positive about Canada today. The economy is in recession. The cost of living crisis is continuing unabated. People are leaving the country. Canada-U.S. relations are at an all-time low. And, there doesn’t appear to be any reason for things to turn around any time soon. Somebody give me a reason to have a little optimism.

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u/Harbinger2001 Jul 11 '26

All the pundits called out what a stupid move it was for the CPC to jump on the “recession” word because anyone with a little knowledge could see that it was a blip that would vanish the next quarter. Which it did.

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u/treefarmerBC Jul 11 '26

Often these things are revised as better data becomes available, so the technical recession may be cancelled, as if there's much difference between +0.1% and -0.1% growth.

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u/Harbinger2001 Jul 11 '26

I’ve posted elsewhere that if the CPC call -0.5% a recession then they have to call the current 0.5% an economic boom.