Rail barricades could cut Canadian GDP growth by 0.2 percentage points: RBC
Meanwhile, BMO’s chief economist says the greater worry could be potential damage to Canada’s reputation
The November rail strikes impacted GDP by less than a tenth of a per cent.Douglas Porter, chief economist at BMO, said that eventually the damage will be reversed, and he didn’t think the blockades would affect the annual 2020 GDP numbers.Douglas Porter, chief economist at BMO RBC analysts noted the blockades are adding to a year-long trend of one-off negative surprises.
Stephen Brown, senior Canada economist at Capital Economics, pointed to a dip in manufacturing sales as an indication of a weaker first quarter GDP rebound than anticipated. December sales volume fell by 0.4 per cent from November, and a rise was originally expected, he wrote in his weekly report on Friday.
Speaking in Ottawa, he says the situation is unacceptable and untenable, with goods not moving and workers being laid off.
Read more: National Post
Then our PM better do the right thing. He ignored both the Constitution and the Supreme Court. People seem focused on the wrong part of things to me . ProtestersNotTheProblem DictatorTrudeauMustGo PeopleBeforeGDP wjdjean Has pretty boy picked out his socks for the next presser? Maybe steal some more conservative ideas to run with and claim as his own? This Canadian government is a complete sham and chitshow!
acoyne Stop the cheques to the indians.... no longer have the money. Between them and Kadr, we are broke...... and getting broker ! how much more will the soul of Canada be corroded by not finally fairly reconciling the harm done to generations of FirstNations people? Potable water, affordable food, adequate housing, good healthcare including mental health care to treat inter-generational trauma, fix it
Trudeau is a disaster Recession is coming.
RBC monitors coronavirus and rail blockades as it reports Q1 profitRoyal Bank of Canada is monitoring the recent, novel coronavirus outbreak and rail blockades across the country, but says it's too early to see the full impact of either yet. The 'Royal Bank of Canada is monitoring rail blockades' Isn't 'monitoring' what we're already paying the police for? Need a month of blockades before it affects the ones that matter, the greedy financial institutions. Unfortunately they are way too cushioned from reality unless its frontline workers.
Protesters maintain rail blockade south of Montreal one day after court ordered it taken downPolice patrols passed by the blockade in St-Lambert, Que., regularly overnight but there was no sign of a mobilization Friday to eject the protesters from the site on Canadian National Railway tracks Montreal needs to take a lesson from Alberta’s good ol’ boys. These people aren't native. ... arrest them At least they admitted they couldn't care less about the Wetsu’wet’en First Nation community itself and that they have an environmental agenda More than can be said for most of the lowlifes exploiting this
Blockade trips up Canada’s biggest ports as shippers steer clear of rail closureThe protest along CN Rail tracks east of Belleville, Ont., has halted the company's eastern network — about one-quarter of its operations — and choked shipments from coast to coast. Get off their land and stop depending on oil! WetsuwetenStrong At that price it would have been cheaper to move the pipeline
'Barricades must now come down,' PM Trudeau says of rail blockades'But please be reassured I will call anyone who does anything about it a racist!' Everyone should protest with hereditary chiefs, once bc gov can sell gas to china Vancouver/Victoria will be forced to use Hydro for heat at a cost 300% more than it cost today in order to pay for Site C boondoggle, protest now stop pipeline imo Totally outrageous and sad
Barricades at rail crossings must now come down, Trudeau saysThe Prime Minister says repeated offers to meet with Wet’suwet’en hereditary chiefs have not been accepted So by his very own standards he has just 'disqualified' himself from further consideration and input Be a good day for Canada if he wasn't such a hypocrite JT says take the barricades down. If the SJW’s don’t what will he do? More Dialogue and pandering or real action. Oh! I can hear those Mohawks shaking in their boots.
CN Rail layoffs will ‘further complicate’ tangled supply chain, industries sayWhile the situation feels familiar, for many industries, the impacts are only adding to a pile of issues tangling the rail system. And The Media and The Deep State continue to destroy Canada. There on there last few breaths going down with a fight. Poor deep state needs a soother. Trudeau is doing nothing to remove the protestors while 🇨🇦's are losing their jobs to support their families. When will the liberal_party do what is correct - open up the railways - put Canadians back to work & get the economy moving again. The passive acceptance of our country being driven into the ground will not last forever.