Remember one month ago when they were celebrating 3.3% annualized GDP growth? They were WAY off.
And the unemployment rate is closer to 7.6% than 6.7%.
How convenient those original estimates were before 3 byelections.
‼️ BREAKING: Canada's economic "recovery" just got exposed by StatCan's revisions:
The "shrinking population" excuse for weak growth?
It never happened.
Population was growing the whole time.
Per capita GDP growth was revised DOWN: 0.7%, not the 1.7% they claimed
The Q2 growth that did show up came mostly from oil exports, not policy.
Real unemployment is likely closer to 7.6%, not the 6.7% reported.
The economy was NOT recovering.
The numbers were just hiding how bad it is.