Covid 19: Lasting economic damage

Canadas top central banker says there will be lasting economic damage due to the Covid-19 pandemic with a “prolonged and bumpy” path to recovery.

In his first speech as governor, Tiff Macklem says the central bank expects to see growth in the third quarter of this year as people are called back to work and households resume some of their normal activities as restrictions ease.

But he warns that Canadians shouldn’t expect the short and sharp economic bounce-back expected over the coming months to last.

The combination of uneven reopenings across provinces and industries, the unknown course of consumer confidence, and unemployment rates will “likely inflict some lasting damage to demand and supply,” Macklem says in a speech Monday.

He said ongoing physical distancing rules may mean workplaces can’t be as productive as they once were, adding that many services will remain difficult to deliver.

Not everybody’s job will come back.

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Werner Stein
Werner Stein
1 month ago

No Roger.
Just fewer criminals with money to launder.

Zombie:
Please provide the list of over asking sales, my buddies back east are wondering why they have not received an updated list.

Roger
Roger
1 month ago
Reply to  Werner Stein

I hope this trend continues then… let the inventory rip!!!

Werner Stein
Werner Stein
1 month ago

LOL
Another triple, listings that is.

paulb
paulb
1 month ago

New
301
Price Change
98
Sold
62
TI: 12287

http://www.instagram.com/clivestevepaul

Roger
Roger
1 month ago
Reply to  paulb

That is odd… what happened to the sales today… seems awfully low for June… probably a cut off issue (ie tomorrow sales night be substantially higher)

Werner Stein
Werner Stein
1 month ago

The same property was recently reported by a neighbour for having 10 short-term rental units

https://www.vancouverisawesome.com/vancouver-news/former-burnaby-airbnb-hotel-living-nightmare-2404616

Werner Stein
Werner Stein
1 month ago

“Canada is more exposed than most economies, however, because of “an unstable real estate bubble and household credit binge.” It says policymakers are putting off the day of reckoning but have run out of ammunition and there is no guarantee they can prevent a housing bust.”

https://www.mortgagebrokernews.ca/features/report-says-housing-market-is-due-for-a-crash-330845.aspx

Dave
1 month ago

Saretsky says MOI is now 4.8, dropping down from 8.8 in May. We’re basically now into a seller’s market once again.

New listings for June were weak. The trend just isn’t pointing to 20k listings.

The other things bears need a reality check on is what is happening with real estate sales down south, which are strong. This doesn’t fit the Covid / real estate crash correlation.

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

“Reddit, one of the most controversial social sites, is now trying to tackle hateful content on its platform amid broader calls for racial justice.

On Monday, the social networking site said subreddits — or forums — and users that promote hate based on “identity or vulnerability” will be banned. As part of the policy change, Reddit is initially banning about 2,000 subreddits, including “The_Donald,” a popular community supportive of President Donald Trump, where users often shared racist, misogynistic, homophobic and conspiracy content.”

I only went there for Paul’s daily numbers. LOL.

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

“Wearing a mask is just a good idea.” – Mike Pence.

Oh no! The deep state have turned him, too!

LOL.

Werner Stein
Werner Stein
1 month ago

https://rentstrikevan.ca/2020/04/05/5-myths-about-landlords/

Rent Strike.
If your landlord is one of those “offshore respectable” investors, they will not want to draw attention to themselves, therefore there is no need to fear legal reprisal.

Big Bear
Big Bear
1 month ago
Reply to  Werner Stein

Good point.

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

Rasmussen 42%

LOL.

Werner Stein
Werner Stein
1 month ago

Shut It Down Already (original)
“Paulb, is this who you want to associate your business with?”

Unsophisticated, brutish, veiled threat.

Coming from someone with a tyrannical penchant to stifle thought and speech.
Pathetic small mind.

Another sick Don Quixote who is going to save those of us who cannot think and analyze meaning or the intended objective of free speech.

Laibach
Laibach
1 month ago
Reply to  Werner Stein

Sad desperation of a looser who lost any credibility and merit. As pathetic as it gets, total melting…

Plandemic, Scamdemic
Plandemic, Scamdemic
1 month ago

Where is Oracle?

Slava
Slava
1 month ago

In jail for CERB Fraud?

Big Bear
Big Bear
1 month ago

This forum is so much better without Oracle.

backwardsevolution
backwardsevolution
1 month ago

Propaganda 101: Always accuse your opponents of your own crimes.

Victimology 101: Bait people constantly by lying, fabricating incidents, slander, telling half-truths, by omitting information altogether. Getting your opponents to retaliate is the goal.

Then when and if your opponents do retaliate, cry out that YOU’RE the “victim”.

Done all throughout history by psychopaths who are intent on gaining power.

Plandemic, Scamdemic
Plandemic, Scamdemic
1 month ago

But you see, you never let these leftist fascists, set the narrative.
You call them what they are, fascists, and that they have to go, right in their faces.
By this you show them a mirror, and their reflection.

I did precisely that at rally last year in Vancouver, and the leftist burst into tears. And I absolutely loved those leftist tears 🙂

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

Paulb, is this who you want to associate your business with?

Plandemic, Scamdemic
Plandemic, Scamdemic
1 month ago

I am sure Paul B supports anti-fascists, therefore that would not include you.

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

Did you all learn to gaslight at the same neo-Nazi school? LOL.

Plandemic, Scamdemic
Plandemic, Scamdemic
1 month ago

All truth. I’ll leave all the gas-lighting to you, as it is the norm in regards to your pattern of behaviour on this forum. There are countless examples here for anyone interested.

Or maybe you can cry to Paulb again….LOL

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

I think it’s more than reasonable to ask Paul Boenisch why he continues to support the racists here. Particularly because he refuses to answer.

Plandemic, Scamdemic
Plandemic, Scamdemic
1 month ago

Ok, carry on gas-lighting, calling people you disagree with racists.
It’s a classic fascist tactic.

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

The reason I disagree with you is because you’re a dumbfuck racist.

All clear now? Good.

Plandemic, Scamdemic
Plandemic, Scamdemic
1 month ago

No, you call people you disagree with Neo-Nazis and Racists because your are a gas-lighting fascist. It’s a common tactic of fascists.
I hope I cleared it up for you, dumbfuck.

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

Let’s leave it your employer to decide, shall we?

Plandemic, Scamdemic
Plandemic, Scamdemic
1 month ago

Is the employer for you the ultimate arbitrator of truth? Pathetic.
I am my employer, so there’s that.

Plandemic, Scamdemic
Plandemic, Scamdemic
1 month ago

test

backwardsevolution
backwardsevolution
1 month ago

Where are all the so-called “white supremacists” that are supposed to be under every rock? You would think with their cities being destroyed, they’d have gotten angry and retaliated, or something. Are they under this rock? Are they under that rock? I don’t seem to be able to find them.

The Left have blamed these “white supremacists” for at least eight fake noose incidents, fake bomb threats, fake swastika and “N” word graffiti, fake rapes, fake arson attacks, fake this and fake that.

We’re seeing lots of so-called “victims”. In fact, victims are being invented out of nothing.

What we’re not seeing are “white supremacists”?

Just another hoax? Looks like it.

Laibach
Laibach
1 month ago

Regardless of their existence it is always hilarious to make good fun of those idiots. I like Borat…

https://deadline.com/2020/06/sacha-baron-cohen-crashes-right-wing-event-leads-singalong-1202972079/

backwardsevolution
backwardsevolution
1 month ago
Reply to  Laibach

I don’t know who this group is that Cohen crashed, but I highly doubt they were “white supremacists”. Have these so-called white supremacists been causing mayhem lately? Was this group of people out fighting Antifa, looting or burning down buildings? If they were, I must have missed it in the news, although on second thought that would be kind of impossible because if they did anything, it would have been the next George Floyd moment. I don’t really like Sasha Baron Cohen. I never have. He’s a trickster, likes to make people look like idiots, and he’s vulgar. People go along with entertainers, those who are “leading” them at that particular moment. All you’ve got to do is study Stanley Milgram’s experiments or the Stanford Prison experiment to see this. Maybe watch some old Candid Camera shows. Heck, wasn’t Bernays… Read more »

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

So the dog-whistler-in-chief could have left all the “do not sit here” social distancing labels on the seats at the BOK Center and still had plenty of room for all of the scum who attended. And, as a bonus, the place wouldn’t have looked as pitiful as it did with entire sections left empty.

But, no, instead he chose to stubbornly ignore his own health advisors and pack people as closely together as he could, landing even the Secret Service in quarantine. LOL.

He cares more about Confederate statues than he does American lives. With any luck Fort Bragg will be renamed Fort McCain shortly.

backwardsevolution
backwardsevolution
1 month ago

Statues are being ripped down, history erased, buildings burned, stores looted, monuments and churches graffiti’d, and people are being warned about “white supremacists”.

Question: where are these so-called white supremacists?

Another big hoax.

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

They’re the ones bitching about “history being erased”.

It’s a good job that Germany erected all of those Hitler statues otherwise we’d never have known about WW2.

The last Conservative
The last Conservative
1 month ago

>>>Oh for fuck sakes. You just can’t make this shit up anymore.

The Chronicle Herald out of Halifax, Nova Scotia, has actually run a trigger warning for printing the Canadian flag in its Saturday edition.

They write: “To our readers: inside today’s edition, on page A9, you’ll find a Canadian flag to clip and post to help celebrate July 1. We understand the flag doesn’t mean the same thing to everyone, however, we hope our readers recognize their ability to play a role in shaping Canada’s future is a freedom worth acknowledging.”

https://twitter.com/BarrettWilson6/status/1276960762209189888

Best place on meth
Best place on meth
1 month ago

If anyone has a problem with the Canadian flag, they should get the fuck out of my country immediately and never come back.

At the same time, if anyone has any good feeling toward the chinazi flag they should get the fuck out of my country immediately and never come back.

Laibach
Laibach
1 month ago

Anyone surprised?

Shooting of Zimbabwe workers by Chinese mine owner shows ‘systemic’ abuse, watchdog says.

https://www.cnn.com/2020/06/27/africa/zimbabwe-mine-shooting-intl/index.html

Best place on meth
Best place on meth
1 month ago
Reply to  Laibach

Get the machetes out and slice and dice these pillaging scumgbags, until there are none left.

backwardsevolution
backwardsevolution
1 month ago

“Government experts believe more than 20 million Americans could have contracted the coronavirus, 10 times more than official counts, indicating many people without symptoms have or have had the disease, senior administration officials said. The officials, speaking to a small group of reporters on Wednesday night, said the estimate was based on the number of known cases, between 2.3 million and 2.4 million, multiplied by the average rate of antibodies seen from the serology tests, about an average of 10 to 1. “If you multiply the cases by that ratio, that’s where you get that 20 million figure,” said one official. If true, the estimate would suggest the percentage of U.S. deaths from the disease is lower than thought. The estimate comes as government officials note that many new cases are showing up in young people who do not exhibit… Read more »

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

Of course it’s always been well understood that the number of tests with positive results aren’t anywhere close to the total number of cases among the population as a whole, and 20 million is still nowhere near the level required to achieve herd immunity.

backwardsevolution
backwardsevolution
1 month ago

I’m getting tired of educating you. Please tell me you don’t have a degree!

What’s the percentage for cross-immunity?

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

I’m afraid I don’t have a degree in immunology or epidemiology, but I’m assuming you do so please enlighten me if you can tolerate my ignorance for just a while longer.

backwardsevolution
backwardsevolution
1 month ago

You’re not interested in truth or being enlightened. That is the last thing you care about. You have an agenda.

Besides, how do you enlighten a blank wall?

Best place on meth
Best place on meth
1 month ago

You mean “brick” wall, which is what I’d like to slam that worthless piece of shit into headfirst.

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

LOL. Thought so.

backwardsevolution
backwardsevolution
1 month ago

You think? I highly doubt it.

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

It’s be easier for you to just admit that you had no idea what you were talking about. But can you do it? Doubtful.

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

Told you so.

Best place on meth
Best place on meth
1 month ago

The real number of infections is likely 20-25 times the reported cases and the fatality rate around 0.2-0.3%.

Just a bad flu year like the Hong Kong flu of 1968.

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

Only if you suck at math. Which you do.

Best place on meth
Best place on meth
1 month ago

Fuck off and die you worthless, cocksucking piece of shit.

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

Wear a mask, prick.

Best place on meth
Best place on meth
1 month ago

Never, cunt.

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

You’re just so delightfully dumb.

Plandemic, Scamdemic
Plandemic, Scamdemic
1 month ago

You’re just so delightfully naive and actually believe that people actually care what you think.

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

Actually actually. You need a second attempt at writing that? I’m happy to wait.

Plandemic, Scamdemic
Plandemic, Scamdemic
1 month ago

You’re just so delightfully naive and actually believe that people actually care what you think.
Actually.

YVR
YVR
1 month ago

Pretty much sums why Trump will win in a landslide and Democratic run states and cities all over the US will be flipped to Republican.

https://twitter.com/i/status/1275051388431667200

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago
Reply to  YVR

Bookmarked!

xyz
xyz
1 month ago

The destructive mental midgets who are destroying stuff are just helping Trump win the next election by an even bigger margin than he would have normally.

The last Conservative
The last Conservative
1 month ago

WATCH: Nancy Pelosi gets George Floyd’s name wrong, calls him “George Kirby.”

Two days ago Chuck Schumer was unable to say George Floyd’s name on the Senate floor.

They’ve spent all week opposing police reform. They don’t care about George Floyd, for them it’s a political game.

https://twitter.com/TrumpWarRoom/status/1276600359230648320

The last Conservative
The last Conservative
1 month ago
Best place on meth
Best place on meth
1 month ago

Pelosi, Schumer and Biden don’t even know each others names anymore.

Between them they’ve been sucking off the public teat for at least 120 years, with nothing to show for it.

Term limits, for fucks sakes.

The last Conservative
The last Conservative
1 month ago

Biden is really losing it. This is just bizarre.

https://twitter.com/TrumpWarRoom/status/1276525193792557059

Laibach
Laibach
1 month ago

It is huge fucking irony that such great country as America has to chose between two imbeciles. Definitely, something is rotten in the state of Denmark…

Best place on meth
Best place on meth
1 month ago
Reply to  Laibach

Biden is not an imbecile, he is a potato.

YVR
YVR
1 month ago

Not like the democrats have good people waiting in the sidelines. As pathetic as the democratic leadership is the new up and comers like AOC are worse. Hard to believe they could assemble such a group of incompetent people in one party.

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago

Tim Apple would never do such a thing.

Laibach
Laibach
1 month ago

If dumb, self-centered clown knew what priorities are he could have play it better and put the shit where it belongs. Now it will just take longer and be costlier…

Here’s what Zhou Xiaoming, a former Chinese trade negotiator and deputy representative in Geneva, told Bloomberg’s Peter Martin: “If Biden is elected, I think this could be more dangerous for China, because he will work with allies to target China, whereas Trump is destroying U.S. alliances.”

https://www.nytimes.com/2020/06/23/opinion/china-united-states-trump.html

Best place on meth
Best place on meth
1 month ago
Reply to  Laibach

New York Times + Friedman = exponential fake news to the 5th power.

When these two join forces you have to keep an eye out for the earths crust to open up revealing the nine circles of hell.

Laibach
Laibach
1 month ago

Maybe but dealing with the filthiest scumbags known to human kind takes more than running pageants and reality shows to promote oneself and get ahead.

backwardsevolution
backwardsevolution
1 month ago
Reply to  Laibach

So what is Trump to do? He fired Comey, and look what happened – a special counsel was appointed. Of course, Comey and others at the FBI, CIA were already gunning for Trump. They were spying, leaking, lying, etc. The Steele Dossier? You’ve got to be kidding me. And that’s just one guy fired. Trump isn’t just fighting the lying Left. He’s fighting many in his own party who are quite happy with the corruption and don’t want Trump changing anything; they are not helping him. It’s one big Uniparty of corruption. But the politicians are mere pawns/puppets taking orders from the real rulers. So what realistically can one man do except hold the course and let these guys expose themselves? Which is precisely what they’re currently doing. And people ARE waking up. Antifa and Black Lives Matter (paid for… Read more »

YVR
YVR
1 month ago
Reply to  Laibach

LOL you are taking the Chinese trade negotiators words as some type of honest opinion? I think you can assume the opposite of what he says. The problem with getting the world to go against China is China has already paid off and will continue to pay off all those politicians like they did with Biden and WHO. Literally the only politician at a high level that is not corrupted by China is Trump. They certainly tried but Trump and his family don’t need the money like these other leaches who are in government for the sole purpose to make them and their families rich through kickbacks.

YVR
YVR
1 month ago
Reply to  Laibach

Actually Trump dealt the filthiest politicians who run NYC for decades as a developer and won like nobody else. He is the only one who negotiated things like a tax free building for 40 years twice. He also had to deal with the NY mafia who had their hands in most major construction throughout NY. Trump has been dealing with and winning against dirt bags for 40 years. He is a self made billionaire, starts the most successful realty television show in history, owns the top rated hotels in the world which he built, owns many of the top 10 golf courses in the world which he built, wins the republican nomination on his first try and wins the presidency on his first try then goes on to be accomplish more in his first 3 years of his presidency than… Read more »

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago
Reply to  YVR

Haha, successes like 3 entire miles of new “wall” (actually a fence). And as for making Mexico pay for it:

“WASHINGTON, June 26 — A federal appeals court in San Francisco ruled on Friday that the Trump administration did not have the authority to transfer $2.5 billion from the Pentagon to President Trump’s border wall without congressional approval, most likely sending the matter to the Supreme Court.”

LOL.

YVR
YVR
1 month ago
Shut It Down Already (original)
Shut It Down Already (original)
1 month ago
Reply to  YVR

Three miles. That’s one mile per year. Or about one billion dollars illegally redirected from the Pentagon per mile.

“Construction is what I know. Nobody knows it better.”

LOL. Winning.

YVR
YVR
1 month ago
Reply to  YVR

The ENTIRE Trump border wall filmed for the first time! Not just a few peeks, but ALL the construction underway from San Diego, Calif to Brownsville, Texas. Now the largest construction project in the USA

https://www.youtube.com/watch?v=piVd_6VPpyM

Shut It Down Already (original)
Shut It Down Already (original)
1 month ago
Reply to  YVR

Mostly replacement of existing fencing.

THREE MILES of NEW border “wall”.

LOL.

Hyper-mega-Bull
Hyper-mega-Bull
1 month ago
Reply to  Laibach

Chinese insiders make it publicly known that they prefer Trump, and you believe them?

Is there any hope for naive Canadians? Are they destined to be suckers for obviously Chinese manipulation and exploitation forever?

How many decades of obvious lies and deceptions does it take for naive Canadian rubes to finally wake up?

YVR
YVR
1 month ago

It is hard to believe how dumb people are. They get lied to for decades and they still lap it up as if there this time they will not be lied to again.

Werner Stein
Werner Stein
1 month ago

LOL
Another triple….listings that is.

The weakness in sales has more to do with the pool of criminals and fools drying up.