Statistics Canada say the Canadian economy grew by 0.3 per cent May. The federal agency's preliminary estimate suggests real GDP grew at an annualized rate of 1 per cent in the second quarter.

Statistics Canada say the Canadian economy grew by 0.3 per cent May. The federal agency’s preliminary estimate suggests real GDP grew at an annualized rate of 1 per cent in the second quarter.

  • PaganDude@lemmy.ca
    3·
    1 year ago

    So a 1% annualized growth rate, while our growth from immigration is 3% a year (1.2M/40M). That’s a recession pretending to be growth, and they’re still raising interest rates.

    As a construction worker who’s been working 1/3 time, or less due to housing slowing down, how are we supposed to sustain this influx of people without massive public housing projects? Without refunding the CMHC and actually building affordable housing, instead of “luxury condos” everywhere.