Photo by Chung Chow
Friday marks the Chinese New Year, though many Asian countries also celebrate the lunar new year at the same time, including Korea and Vietnam.
There will be many festivities throughout Richmond for the 16-days of celebrations. Celebrants will focus on family dinners, giving red envelopes to children, setting off firecrackers and fireworks, and visiting relatives and friends.
2018 marks the Year of the Dog, and local feng shui expert Sherman Tai offered his global predictions on what the year will bring.
In making his predictions, Tai noted that Canada’s economy is highly dependent on the United States. He said the prices of oil, minerals and metallic materials will increase, which will help boost the economy.
In the political arena, while Canada’s government will be headed in the right direction with good policies, he said “many scandals will appear.”
He predicts taxes are on the rise, and that will affect the retail sector and consumer spending.
How will our neighbours to the south fare?
While the United States has recovered from the 2008 financial crisis, he said the standard of living will drop in 2018, and America’s “reputation in the international stage will flop.”