🚨ALERT: Bank of Canada warns
60% of 🇨🇦 face soaring mortgage rates soon.
Job cuts looming.
Defaults ready to explode.
Credit? Drying up fast.When the BOC waves the red flag, you know it’s about to get ugly. pic.twitter.com/nquztswfQN
— Shazi (@ShaziGoalie) May 9, 2025
🚨 The Bank of Canada is anticipating 7 quarters of recession beginning in 2025…
..but only a -36% fall in stocks and -26% fall in home prices? 🤨 https://t.co/2uaJEqyCxz pic.twitter.com/ELFh23grJi
— Financelot (@FinanceLancelot) May 9, 2025
BREAKING: Canada's unemployment rate surges to +6.9%, above expectations, marking its highest level since 2021.
Canada's youth unemployment rate now stands at a whopping 13.7%.
Tariffs are already taking their toll and Canada. pic.twitter.com/xXWde37GO3
— The Kobeissi Letter (@KobeissiLetter) May 9, 2025
Canadian payrolls were dismal in April, including the biggest two-month collapse in private jobs since the lockdowns. It isn’t just sentiment. While pessimism has soared, results from around the real economy is backing that up with hard data. Not just Canada, also Mexico.