GDP goes negative

Using prices gathered by Statistics Canada, the cost of hosting a Canada Day barbecue with eight adults and eight children today would cost $302.04 — more than 17 per cent higher than in 2021, when the bill came to $257.27. [...]

"Prices are going up much faster than we've been accustomed to for the past four decades," said Sal Guatieri, a senior economist at BMO Financial Group.

That's a big reason why a recession is practically guaranteed. When the average family is spending close to a combined 50% more for rent, mortgage, food, and oil compared to 30 months ago, then they simply don't have any cash left for cars, restaurants, hotels, and vacations.