Canada’s GDP slipped lower in February, suggesting growth is slowing quickly. Read more
Wow, you mean tying our entire nation’s success to a speculative real estate market was a bad idea?
What do you mean? A few wealthy individuals made a lot of money. Raging success.
Remember it’s the Financial Post. Gotta take things they say with a heaping pile of salt.
There’s somewhat small blurb at the end stating what sectors actually saw change, but overall the article is to clearly to convey BoC should lower rates soon as it’s mentioned three times in a rather short article.
For anyone who actually wants to know what changed the data is on Stat Can - https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3610043402
True, but at least the headline is completely factual and it’s statistics. The numbers comes from Statistics Canada, which is impartial.
Here’s a CBC article reporting the same: https://www.cbc.ca/news/business/canadan-gdp-february-1.7189053
CBC’s headline (“Canadian economy grew 0.2% in February”) is factual - though I’d prefer if they just said GDP instead of “economy”
“Canada’s economy is losing momentum” is an unqualified statement so it can’t be factual - it doesn’t mention the measurement, aggregation bucket or the comparison baseline. It’s falsifiable but still quite subjective, because if you measure at a quarter-level analysts called it “decent”. Their opening paragraph is more objective than the headline:
The Canadian economy lost momentum in February as it grew at a slower pace than both analyst expectations and Statistics Canada’s previous prediction
And if you yank out the unnecessary subjective addition:
The Canadian economy grew in February at a slower pace than both analyst expectations and Statistics Canada’s previous prediction
You can see how that would have made a more factual but less dramatic headline
Canada’s economy grew in February less than predictions
Yes, and that’s obviously BAD because infinite growth must be sustained at all costs (e.g. the cost of the entire planet).
LINE MUST GO UP
