Time (September 9)
As the “Buy Canadian” movement gains momentum, “Consumers in Canada are finding different ways to navigate how best to boycott U.S. goods and services, putting extra time in at the grocery store to ensure they are buying Canadian as often as they can.” The movement’s resurgence “comes amid a deepening U.S.-Canada trade dispute that shows no signs of waning.”
Tags: Boycott, Buy Canadian, Canada, Consumers, Deepening, Goods, Grocery store, Momentum, Movement, Navigate, Resurgence, Services, U.S.
Bloomberg (September 10)
“A deepening selloff in Chinese stocks is exacerbating a crisis of confidence in the world’s second-largest economy, heaping pressure on policymakers to halt the downward spiral.” The benchmark CSI 300 Index “of the nation’s onshore shares is near the lowest levels since January 2019, yet another reflection of the depth of the market gloom.”
Tags: 2019, Benchmark, China, Crisis of confidence, CSI 300 Index, Deepening, Downward spiral, Exacerbating, Policymakers, Pressure, Selloff, Stocks
The Economist (October 22)
“House prices are now falling in nine rich economies…. In condo-crazed Canada homes cost 9% less than they did in February. As inflation and recession stalk the world a deepening correction is likely.” Falling home prices are unlikely to lead to a global banking crisis, but “it will intensify the downturn, leave a cohort of people with wrecked finances and start a political storm.”
Tags: Banking, Canada, Condo, Correction, Crisis, Deepening, Downturn, Falling, Finances, House prices, Inflation, Intensify, Political storm, Recession, Rich economies, Wrecked
