March 04, 2019

Canada's economy teeters on recession, and Media Party is “shocked”

Ezra LevantRebel Commander

Our economy is on the brink of recession, and the mainstream media has been too busy with Trudeau’s scandals to notice. You have to read about it in the Wall Street Journal:

Canada’s Economy Delivers Worst Quarterly Growth in Two Years

Whereas I predicted this would happen, on my February 4 show.

That night, I told you about another story that the Canadian media was ignoring:

President Donald Trump's new "Buy American" executive order, shutting out Canadian companies from hundreds of billions, probably trillions of dollars worth of U.S. construction projects.

Now add that on top of the three pipelines Trudeau has killed.

But the Canadian media, even the Financial Post, is still shocked that we're on the brink of a recession:

Canada’s economy slows a lot more than expected

Really? A lot more than who expected?

Let's look at what's been driving our economy. Not oil and gas — that’s shrinking. On purpose — Notley and Trudeau and Butts all want to phase it out.

Scratch the auto industry, too. So what’s left? The overpriced housing market in Vancouver and Toronto?

Sure, it’s great for those who already own their home and paid it off. But that’s sort of the opposite of growth, isn’t it? 

And according to police, it’s not people in Vancouver saying, “I’d like to pay 2 million dollars for a starter home”. What's happening is that mainland Chinese are getting their money out of China, using the city’s real estate inventory to stash money away from the Communist Party. That, and massive criminal money-laundering, too. Lots of Russians doing the same in Toronto for the same reason.

My point is: what’s left? Public sector growth? Those are the takers, not the makers.

Who would invest here, rather than in Donald Trump’s America?

Alberta is broke — and heading back into a second NDP recession. The rest of the country is tipping into one. Trudeau and Morneau had already been spending tens of billion of dollars in deficits. What will they do now? And here come Donald Trump’s trade barriers.

Let me close with a few lines from the Financial Post's “Who could have seen this coming?” story:

After talking about all the business sectors in Canada where growth is "dropping" and "contracting" and "falling," we get to this:

Household spending on marijuana, at an annual rate, totalled $5.9 billion in the fourth quarter — with illegal pot accounting for $4.7 billion of the total and legal weed representing $1.2 billion.

Cannabis accounted for 0.5 per cent of total household spending,” the report said of the quarterly numbers. “And non-medical cannabis accounted for 11.2 per cent of spending on alcohol, tobacco and cannabis.”

Real work is declining. Real things — construction, oil, gas, building cars. 

But don’t worry, my dudes. Just smoke some pot, and it'll all be ok...

NEXT: This afternoon came the stunning announcement that Treasury Board President Jane Philpott had resigned from Trudeau's cabinet, "citing loss of 'confidence' over government's handling of SNC-Lavalin."

As it turns out, one of our favourite guests, lawyer Manny Montegegrino, predicted a while ago that she would do just that. Tonight Manny joins me to discuss this dramatic development.

FINALLY: Your messages to me!

You must be logged in to comment. Click here to log in.
commented 2019-03-05 19:12:07 -0500
94 days with no sign of a hammer falling.
commented 2019-03-05 19:11:24 -0500
Rick, he’s already played that card.
commented 2019-03-05 14:17:57 -0500
Wait for it……It’s coming…….“It’s all Harper’s fault”!
commented 2019-03-05 13:29:58 -0500
Muta I think there is a high speed underground link between the Blunder Bunker and the Ottawa CBC War Room. I have it on the best authority that the CBC has gone to DEFCON 1. The red lights are flashing, the claxons are sounding, blast doors have been sealed and the crisis staff are hunkered down. These are grim times indeed for the CBC.
commented 2019-03-05 12:58:25 -0500
Robert McClelland, Trudeau’s bunker is actually located under the CBC Ottawa office building in order to facilitate the promulgation of propaganda in times of crisis. Although this of course is just a controversy so far!
commented 2019-03-05 12:46:52 -0500
That’s what they want, is to crash the economy. It’s how they plan to get rid of the capitalist free market system, and replace it with a Marxist system. They’ve already said that, so no one should be surprised.
commented 2019-03-05 12:28:46 -0500
As Canada lies near death after another concerted attack by another Trudeau and their Globalist masters, his comrades and co-conspirators fleeing the sinking ship, his paid-whore media slaves turning on him, Canadians, who are the victims here, must not forgive and forget the treachery and treason and high crimes planned and acted upon by these scoundrels and Canada-hating narcissists and fascists, when the time comes to prosecute the guilty for their wrong doing.
The GUILTY need to be punished…they need to be made an example of…justice needs to be done and justice needs to be seen to be done!
Why this catastrophe of the LPC today was even allowed to happen after the last LPC scandal that should have put them out of business for good, is what needs to be investigated and prosecuted!
It’s well past time to clean the rat’s nest out of Canadian governance! Permanently…

Then, we just have to figure out how to fix all the broken people who still support these wannabe dictator clowns…

Oh Canada.
commented 2019-03-05 11:20:28 -0500
Bradford, I don’t think he will be back, when he is done as PM, Regina will be “flyover” country for him. Once he gets West of Toronto, it will be straight to Vancouver for him.
commented 2019-03-05 11:14:08 -0500
March 15, 2019. “Et tu Gerry?”.
commented 2019-03-05 10:49:00 -0500
Robert McClelland , I’m not surprised he cancelled his trip to Regina, I’m surprised he wanted to come back here after he was roasted the last time.
commented 2019-03-05 10:43:22 -0500
I havn’t watched CTV this much since the days of Mike Duffy. More popcorn…
commented 2019-03-05 10:16:51 -0500
Yes Al, I did notice that. The left eating the left is just so delightful.
commented 2019-03-05 10:15:00 -0500
The cycle of corruption is endless , rinse and repeat !
commented 2019-03-05 10:05:36 -0500
Something to remember is that three key Ministers have resigned over two months, due to Junior’s corruption. Brisson was the first due to the Norman-scandal, which is also a scandal based in corruption of the legal system. Except Brisson left snivelling, rather than with head high like W-R and Philpotts.

It will be interesting to know how much of the cabinet ‘confidence’ has to do with the Norman-scandal. It makes little sense to hide behind cabinet confidentiality to protect a corrupt company, but it does regarding Norman.
commented 2019-03-05 09:58:01 -0500
Do not worry. Canada is not alone, the whole western world is going to hell in a basket.
‘Red’ Sky News is reporting that BMW is going to close it’s Austin Mini plant in the UK when Britain leaves the EU. Perhaps they should ask themselves why the EU ordered Britain to hand over the Austin manufacturing plants to BMW in the first place.
Last week the hot topic was Honda moving their manufacturing to Germany because of the uncertainty of what would happen when Britain leaves. Again, there was no mention of the fact that Honda, in the UK, had not made a profit for more than thirteen years. Jaguar has assembly plants in the UK but, to the best of my knowledge, all the parts are made in Germany.
commented 2019-03-05 09:42:30 -0500
Robert McClelland, did you notice that all those protesting against the Feminist Groper were women? And they were leftists? Good show old chap.
commented 2019-03-05 09:03:21 -0500
About 2years ago I typed a comment that this Canadian economy would be crippled to the point that people will see the reduction in their pensions.
Old age penson, cpp , provincial supplements and even welfare payments and programs , all because some airhead idiots got voted in for their stand on global warming and an economy based on stinky smoke
commented 2019-03-05 08:46:47 -0500
CRIMEMINISTER , you have to go away, why , because it’s 2019 .
commented 2019-03-05 08:39:01 -0500
Hmm….a majority of Canadians are now following the SNC Scandal….only 30% would vote Liberal, 40% would vote Conservative…..gee that doesn’t sound good…..not very good at all….
commented 2019-03-05 08:05:26 -0500
Recession and 60 cent dollar are coming sooner rather than later.
Should be Justin time for the election.
Billions will still be sent to off shore for despot,s oil, rather than using our own oil.
Expose the non Canadian tax paying, non carbon tax paying, foreign flagged tankers owned by Canadian elites.
Couple billion on Illegal border crossing welfare leaches.
Hotels for them card board boxes for Canadians.
Billions borrowed to give to other countries.
Trudeau,s use of tax payer money for everyone except Canadians.
Laws are for the pee ons not the kahders or Kadaffies.
Millions for them.
Grandmas hip operation? Just twist here arm and get her out of here.
commented 2019-03-05 06:47:23 -0500
If the media had taken Trudeau to task a few times , he might have been a little less cavalier and arrogant when it came to dealing with SNC LAVOLIN.
commented 2019-03-05 05:25:08 -0500
I am old enough to remember when the Green Meanies told us there wouldn’t be a winter any more.
commented 2019-03-05 05:23:35 -0500
It is tough to sell the Liberal’s New Green Schlemiel in the midst of a good old fashioned Canadian winter, even in Toronto.
commented 2019-03-05 03:05:05 -0500
Never trust a Liberal, politician or otherwise.
Both these Liberal Cabinet ministers jumped on the entitlement gravy train right after the election with no qualms or ethical concerns.
It has taken them over three years to find any ethics or morality in their personal repertoires. Both have consistently gone along with every other Trudeau regime Canada dismemberment policy as well as shoving Canadians under their big BS bus. Now both have miraculously discovered ethics they never displayed before. This smells a lot worse than we see and hear from them or any Liberal, there is much more to this scandal than is known; now the ethically/morally challenged are attempting to cover their personal backsides.
Neither are waving ethical or moral flags for any reason other than to appear to be above the board in their dealings when in fact their fingers haven’t reached the edge of it from the Liberal abyss.
Never trust a Liberal, they are all Trud-docchio’s in disguise.
commented 2019-03-05 00:57:13 -0500
They have set up kings, but not by Me; They have appointed princes, but I did not know it. With their silver and gold they have made idols for themselves, That they might be cut off.

Hosea 8:4