Anyone else notice that 4 significant retailers announced closing there doors in Canada. Oil is down past $50 a barrel and there's no sign that it's coming back up for a bit. Anyone else thinking the economy could take a huge hit in the next few months? I know the talking heads are saying that things are improving, but I wonder if things are about to head two shades the other way. I've always been scared that too many people are now working in the oilfield which basically fuels a lot of the retail industry. I think with oilfield income dropping off we could see massive layoffs in retail, which is where the poorest and lowest skilled Canadians work. That could have some long lasting consequences.
Let's try not to make this thread political. I don't care if you think Harper or the kid can fix or stop things from happening. Leave that for this fall.