GNN turned four years old last week, which was cause for reflection back to a time when, boneheads as we are, we decided to launch a new business just as the economy was going into a downturn.
The headlines of the day were screaming apocalyptic economic news and while there may have a certain amount of truth to the belief of some that the media was just over-hyping the situation, economic uncertainty was a reality, not only in Canada but around the world.
In the end, there was no apocalypse.
You’re still reading GNN, so we got through the tough times as did Canada, which definitely felt the economic blow of 2008-09 and even required stimulus spending, but managed to get over that rough patch in a shorter period of time than other countries.
Most operators I chatted with this season were positive about what was going on from a business perspective. Ever-positive GNN blogger Kevin Thistle says in this blog that he sees more good news coming down the pike as we look ahead to 2013.
Naturally. we prefer to accentuate the positive in our business, but can we as business operators in Canada afford to ignore the economy considering what’s going on in other parts of the world, notably Europe and the United States?
From month to month, you might hear different stories on the employment front. Housing sales are slowing in many parts of the country as this CBC story points out, and in Vancouver, prices have begun to fall considerably.
As this story, also from CBC, points out, a Toronto-Dominion Bank study says the Canadian economy may have hit a soft patch and suggests it may be spinning its wheels.
That brings us to the topic of this week’s GNN Poll. How concerned are you about the economy?
You can cast your vote below this blog, or on the GNN home page. As always, feel free to expand your thoughts in the Comments section below.
How would you describe your concern about the current state of the Canadian economy?
- I’m a little concerned (52%)
- I’m greatly concerned (33%)
- It’s not even on my radar (15%)