The experts say that "Canada will avoid a recession"
OK. But the US is our largest trading partner. And its facing a major recession. Which means we will be selling less and less to them.
Jobs are being lost and consumer confidence is down.
Stocks are plunging, pension funds and retirement savings are being hit hard.
And now we're being told wages will tighten.
Exactly how are we going to avoid a recession?
Better yet, how is the market going to recover?
Wasn't the last boom purchased with ever increasing debt levels?
Isn't that why we're in this mess now? So.... How do we get out of this mess without encouraging people to borrow more and more again?
Oh wait, that's what we aren't doing.