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Canadian economy was resilient in 2018, but troubling signs ahead

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The Canadian economy entered 2018 on an unexpectedly impressive run, and will begin 2019 on a healthy note. But signs of weakness have raised a key question: How long before the good times end?

Through much of 2018, Canada’s unemployment rate hovered near a 40-year low and job creation remained strong as the evidence pointed to an economy going at close to full tilt.

The handoff was a good one, too — the country had posted three per cent growth for all of 2017, largely thanks to strong household spending. We’ll have to wait a little for the final numbers, but forecasters say 2018 has likely delivered still-sturdy growth of about two per cent.

But as 2019 approaches, there are worries the solid economic expansion is starting to show its age.

Last month, the federal government’s fall economic statement projected two per cent growth again for 2019, but many predict the number will likely come in lower following a recent drop in oil prices.

Jittery markets, uncertain U.S. outlook

In addition to the pullback in crude prices, experts point to jitters in the financial markets, predictions the American economy — a key contributor to Canadian growth — will start to cool off and the United Kingdom’s difficult divorce from the European Union, which could ripple across the global economy.

There’s also potential for an even bigger threat: an escalation of the trade war between Washington and Beijing.

On trade, Canada made it through a year filled with significant uncertainty, including the difficult negotiation and signing of an update to the North American Free Trade Agreement.

Many of the trade unknowns, however, will carry over into the new year. The road to NAFTA 2.0’s ratification could bring more drama, punishing American steel and aluminum tariffs remain in place and the clash of superpowers between Canada’s two biggest trading partners continues to play out.

U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau signed the Canada-U.S.-Mexico Agreement in November, but uncertainties surrounded the so-called new NAFTA. (Saul Loeb/AFP/Getty Images)

« There are always reflections around the cyclical downturns that happen and, as I’ve said, the impacts of a trade war between China and the United States could have significant impacts on the global economy — negative impacts on the global economy, » Prime Minister Justin Trudeau said in a recent interview with The Canadian Press.

« We have to make sure that we are prepared for rough waters if we encounter them. »

Rising rates, high household debt

In Canada, potential trouble spots include the combination of high household debt, rising interest rates and slowing wage growth that’s been « terrible » for about half a year following a good pickup early in 2018, said Matt Stewart, director of economics for the Conference Board of Canada.

Higher interest rates, Stewart added, have delivered a hit to household spending, which has been the primary driver of Canada’s good economic fortunes.

« It’s been a long time since we’ve had a recession, » Stewart said. « As of yet, I think most of the news is still positive, but there is a growing amount of risks. »

A new home being built in North Vancouver on June 12. There are questions whether the current ebullient economy can continue. (Jonathan Hayward/Canadian Press)

With overburdened consumers expected to take a breather, business investment is seen as the next critical source of growth. But Stewart said the transition has yet to materialize because investment has underperformed, likely due to competitiveness concerns. Businesses aren’t sure whether Canada’s the best place to put their money.

In an effort to boost investment, Ottawa announced billions of dollars worth of corporate tax incentives in its fall statement. Taxpayers will have to wait and see if the federal changes will be enough to encourage more companies to invest in Canada.

Craig Alexander, chief economist of Deloitte, said the economy will continue to have healthy growth in 2019, but noted it’s due for some moderation.

Late stages of business cycle

« We are in the late stages of a business cycle, » he said. « That doesn’t mean that a recession is around the corner, but we need to recognize that we’re 10 years into an economic recovery, expansion. Business cycles are typically eight to 10 years long. »

Alexander said markets are probably overreacting to the possibility that another downturn could be almost upon us. He thinks the more likely case is that growth will continue to slow.

The economy’s evolution will have different impacts depending where one lives, he added.

For example, the energy sector faces big challenges.

Part of it comes from the recent plunge in oil prices, but there’s also been an extra discount on the price of western Canadian crude caused by transportation bottlenecks out of the Alberta oilpatch.

« This is sad news for Alberta, » Alexander said. « They’ve only barely recovered from the last recession. »

Shell’s Groundbirch project is producing gas in northeast B.C. Uncertainty over oil and gas prices is affecting the outlook for the economy. (Dillon Hodgin/CBC)

Ottawa offered assistance this month in the form of a $1.6-billion aid package to support oil and gas companies.

Alberta, however, wants federal help to move its oil to new markets.

Loss of GM plant

Ontario’s industrial sector will also face a big hurdle in 2019. General Motors has announced plans to shutter its plant in Oshawa later in the year, a move that would put 2,500 people out of work and inflict economic pain on the region.

Bank of Montreal chief economist Doug Porter said Canada already took a small step back in 2018 — and he expects growth to slow further.

« Just looking at financial markets, there’s obviously a lot of concern that we are getting to a late stage of the [economic] cycle, » Porter said. « We don’t believe that recession risks are especially high at this point, but we do think the North American economy will cool in 2019. »



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These US entities partnered with the Wuhan Institute of Virology — time for a criminal investigation?

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(Natural News) The Wuhan Institute of Virology from which the Wuhan coronavirus (COVID-19) is believed to have “escaped” has a number of questionable partnerships that are worth looking into in light of the pandemic.

Most of them are universities, including the University of Alabama, the University of North Texas, and Harvard University. There is also the EcoHealth Alliance, the National Institutes of Health (NIH), and the National Wildlife Federation.

While the relationships between these entities and the Wuhan Institute of Virology may be completely innocent, there is no way to really say for sure without a proper investigation. And this is exactly what Secretary of State Mike Pompeo is calling for, as is the nation of Australia.

Pompeo and the folks down under, along with millions of Americans, would really like to know the true origins of the Wuhan coronavirus (COVID-19). An increasing number of people simply are not buying the narrative that the novel virus originated in bat soup at a Chinese wet market, and this even includes mainstream media outlets like Fox News.

The only way to really determine what was going on at the Wuhan Institute of Virology, and who else might have been involved. is to open the place up for an international investigation. But communist China is against this, of course, accusing Australia of “petty tricks” and collusion with the United States.

“Overnight, I saw comments from the Chinese Foreign Ministry talking about a course of activity with respect to Australia who had the temerity to ask for investigation,” Pompeo is quoted as saying in response to China’s aggression against a proposed investigation.

“Who in the world wouldn’t want an investigation of how this happened to the world?” he added.

As the U.S. aims to get back on track economically speaking, Pompeo believes that now is the time to hold communist China, the Wuhan Institute of Virology, and whoever else may have been involved accountable for unleashing this pandemic on the world.

“Not only American wealth, but the global economy’s devastation as a result of this virus,” Pompeo further stated. “There will be a time for this. We will get that timing right.”

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New U.S. analysis finds that lab in Wuhan, China was “most likely” origin of coronavirus release

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(Natural News) While American Leftists and most of the Democrat Party continue to serve as apologists for the Chinese Communist regime over its role in creating and then perpetuating the coronavirus pandemic, a new U.S. government analysis concludes that COVID-19 “most likely” escaped from a lab near Wuhan city.

The Washington Times reports that the analysis cataloged evidence linking the outbreak to the Wuhan lab and has found that other explanations for the origins of the virus are not as credible.

The paper reported:

The document, compiled from open sources and not a finished product, says there is no smoking gun to blame the virus on either the Wuhan Institute of Virology or the Wuhan branch of the Chinese Center for Disease Control and Prevention, both located in the city where the first outbreaks were reported.

However, “there is circumstantial evidence to suggest such may be the case,” the paper says.

“All other possible places of the virus’ origin have been proven to be highly unlikely,” said the report, a copy of which was obtained by the Times.

ChiCom officials have claimed that the virus’ origin is unknown. However, Beijing initially stated that coronavirus came from animals at a “wet market” in Wuhan where exotic meats are butchered and sold in disgusting conditions.

Chinese officials claim that COVID-19 went from bats to animals sold in the market last year, then infected humans.

U.S. intelligence officials have increasingly dismissed that explanation, however, as attention has begun to focus on evidence suggesting that Chinese medical researchers were working with coronavirus in the country’s only Level 4 facility, which is in Wuhan.

U.S. Army Gen. Mark A. Milley, chairman of the Joint Chiefs of Staff, has said that intelligence agencies are investigating whether the virus escaped from a lab or was the result of a naturally occurring outbreak, but that analysts have ruled out reports that COVID-19 was manmade.

‘The most logical place to investigate the virus origin has been completely sealed off’

“At this point, it’s inconclusive, although the weight of evidence seems to indicate natural,” the general said on April 14, “but we don’t know for certain.”

The analysis said that the wet market explanation does not ring true because the first human diagnosis of coronavirus was made in someone who had no connection to the wet market in question. And according to Chinese reports, no bats were sold at that particular market.

At the same time, several questionable actions and a growing paper trail provide clues that the virus actually escaped from a lab, even as China begins to clamp down on those information streams.

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The biggest media lies about the coronavirus: Origins, treatments and vaccines

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(Natural News) If there is one thing that most everyone can agree on concerning the Wuhan coronavirus (COVID-19) pandemic, it is the fact that there is no shortage of conflicting information out there about the nature of it. And the mainstream media is certainly doing its part to steer the narrative as part of a larger agenda, using plenty of misinformation along the way.

The following are among the most commonly parroted lies about the Wuhan coronavirus (COVID-19) that aim to distort the facts and deceive you into believing falsehoods about this pandemic:

Media LIE: The virus is not man-made

From the very beginning of this thing, the official narrative was that the Wuhan coronavirus (COVID-19) came from a Chinese wet market where bats and other “exotic” animals are sold as meat. But the world later learned that it actually more than likely “escaped” from the Wuhan Institute of Virology.

The mainstream media and social media platforms went nuts trying to censor this information and even called it  “fake news.” But eventually it became undeniable that bat soup was not responsible for spreading the Wuhan coronavirus (COVID-19) around Wuhan and eventually to the rest of the world – hence why we continue to call it the Wuhan coronavirus rather than just COVID-19.

We have even seen attempts by the media machine at making the Wuhan coronavirus (COVID-19) a racial issue because there are supposedly more “people of color” coming down with it than people with fair skin, which further detracts attention away from the source of this virus.

Media LIE: Hydroxychloroquine is extremely dangerous and doesn’t work

The minute that President Donald Trump announced that hydroxychloroquine may be an effective, and very inexpensive, remedy for the Wuhan coronavirus (COVID-19), the mainstream media immediately began decrying this claim as fake news, even though Anthony Fauci himself praised hydroxychloroquine back in 2013 under Barack Obama as being some type of “miracle cure” for SARS (severe acute respiratory syndrome).

There have even been studies conducted that were designed to intentionally smear the drug as both ineffective and dangerous, though one in particular purposely left out zinc, which appears to be a critical co-factor in supporting the effectiveness of hydroxychloroquine – in other words, politics as usual.

Media LIE: Only a vaccine can save us from coronavirus

Many politicians and public health officials are parroting the lie that the only way America can come out of lockdown and go back to “normal” is to get vaccinated with some future vaccine for the Wuhan coronavirus (COVID-19) that does not even yet exist. A vaccine, we are repeatedly told, is the only thing, or perhaps some new “blockbuster” antiviral drug, that can cure the world of this scourge and make everything happy and wonderful once again.

Meanwhile, not a peep is being made about things like intravenous (IV) high-dose vitamin C, which is being successfully used in other countries to stem the tide of infections without the need for new drugs and vaccines.

By omission, nutrition is pointless

Speaking of natural approaches to overcoming the Wuhan coronavirus (COVID-19) that are being systematically ignored by the mainstream media and most in politics, have you heard anyone mention the importance of nutrition in all of this? We did not think so, and this is intentional.

Regular readers of this site over the years should know by now that the single-most important thing you need to do to stay healthy besides exercising regularly is to feed your body the nutrition it needs to naturally ward off illnesses, including those associated with the Wuhan coronavirus (COVID-19).

Research compiled by the Lewin Group reveals that nutritional remedies such as calcium, vitamin D, folate, omega-3 fatty acids, lutein, zeaxanthin, and more all play a critical role in fortifying the immune system, which, if properly nourished, should have little problem fending off disease.

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