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  • Monthly Survey of Manufacturing, February 2023

    From statcan.gc.ca

    Canadian manufacturing sales declined 3.6% to $71.5 billion in February, following a 4.5% increase in January. The decreases were observed in 12 of 21 industries, led by the petroleum and coal product (-14.9%), motor vehicle (-12.3%) and primary metal (-4.2%) industries. Conversely, the machinery (+3.0%) and electrical equipment, appliance and component (+6.0%) industries posted the largest increases. Year over year, total sales were up 3.8% in February. The monthly decline resulted from lower volumes and prices as sales in real terms decreased 2.4% in February and the Industrial Product Price Index edged down 0.8%.

  •  Guest
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You have a strong jobs market. In BC help wanted signs everywhere. Hence the data above strong for retail.

House sales will continue to decrease. Eventually house owners underwater will not be able to take the pain anymore. Wealth evaporates for many.

How the CDN dollar holds up is beyond me other than clandestine intervention by the BOC.

There will be a recession in Canada based on issues with housing and rates. It will be healthy and is needed for a generation to understand that all you see is not real. Cheap money made it happen. Everything you see is not real. People really do not own all that you see.
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