Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Tuesday, July 28, 2015

Canada Economic Gloom Drags Household Confidence to 12-Week Low

Canada’s consumer optimism is shrinking along with the size of its economy.

The Bloomberg Nanos Canadian Confidence Index fell to 56.1 in the week ended July 10, down from 56.6 in the prior survey and the lowest since April 17. The most recent decline occurred over the same week as government reports showed falling exports, employment and building intentions in the world’s 11th-largest economy, which has seen its gross domestic product contract in the first four months of the year.

“Consumer sentiment on both the future strength of the Canadian economy and the value of real estate realized negative pressure in the last week,” said Nanos Research Group Chairman Nik Nanos.

Canada’s economy probably fell into a recession in the first half of the year because of damage from the drop in crude oil prices, Toronto-Dominion Bank said July 6. The distress may lead Bank of Canada Governor Stephen Poloz to cut his key interest rate for the second time this year on July 15, a separate Bloomberg economist survey shows.

The percentage of survey respondents who said the economy will be stronger in year declined to 14.1 percent, the lowest since March, from 15.4 percent in the prior week. The share of those calling for higher home prices in six months fell to 37.3 percent, from 38 percent.

The overall index’s second weekly decline moves it further away from the 2015 high of 56.9 set on May 22.

The Expectations measure, based on responses about the outlook for real estate and the national economy, reached the lowest since mid-May, falling to 51.8 from 52.9. The survey’s Pocketbook gauge, calculated from responses to questions about job security and personal finances, was little changed at 60.4, versus a 12-month average of 61.

Original Article
Source: bloomberg.com/
Author: Greg Quinn

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