One of the big Canadian Banks, the Bank of Nova Scotia published this chart.

It is a 10 year rolling forward chart, so it ends in 2015.

According to its projections, we were in the crux of a depression as of 2020.

Sharing with all of you to get your opinions and/or thoughts.

I can tell you that my logistics background and experience would agree based on what I have been experiencing with volumes of freight dropping year after year for the last 3 years.

I specialize in the logistics of consumer goods, processed food in particular… Think Kraft Heinz, Mars foods, etc.

When food is down, it is a serious issue.