Imagine the tremendous opportunity for Canada to expand the negligible trade with Italy.
Always think of trade in terms of balance accounting. Every trade surplus has to be balanced by a trade deficit somewhere else.
Canada's Economy Is Slowing Down - Unemployment Rate Is Up - Carney Promises Austerity on the People
- Thread starter DesRicardo
- Start date
Always think of trade in terms of balance accounting. Every trade surplus has to be balanced by a trade deficit somewhere else.
reversing the insanity of damaging liberal policies' is required
look in the mirror for the idiot
yes failure- what part of "slipping into a nasty recession" is beyond your comprehension ?
he is still going to push the insane EV mandates , net zero stupidity and will never permit building of the pipelines required-all failures
Carney caved , elbows down ass up
Where is your proof? Larue don't confuse Marc Carney with Mark Zuckerberg, ass up indeed.
i would have preferred Trump had not run
The deal was sealed when the cackling fool was anointed for the democrats
you really do not understand
diversify our economy has been an objective since confederation
but here is the reality
good luck watching him failing to control costs
it costs big $ to reduce govt headcount - severance
the moron Trudeau left carney a god damn mess - he will fall for sure and Canada will pay the price
If Canada can ship LNG to Germany to replace any reliance on Russia going forward, it would be a win for Canada and NATO.
The problem is a few years after the Ukrainian war Germany will be looking for the best deal.
Are you high?
It in the first post of this thread.
How does this trade deal work in practice?
Norway is an energy powerhouse.
Before the tariff dust-up, people here generally realized these headline trade deals were often times PR moves for the leaders involved.
You don't want to get caught up with what you see on the internet. There is a lot of junk news on YouTube and Twitter.
You can pretty much find someone packaging and propagandizing news that appeals to you.
Trump is not the first to fudge numbers. However as always he is the first to do it so blatantly. Again it's about how different nations report the rates, how they are calculated. The US govt stops counting those who stop looking. It makes a difference. As well they use different metrics for under employment.
All I see are numerous announcements of layoffs. And several other indicators. Rent defaults are up 2% year over year. Loan defaults are up. Student loans are going to be a huge issue. Car loan defaults are up. Increased credit card debt. Increased use of debt to buy groceries.
These are far better signposts than anything the Fed has to say.
I don't. I see a nation that is still a top tier nation. And one btw that has woken up now. Watch as we start to add things and reduce our trade with the USA.
Interesting, only MAGA is allowed to spam. Des Riccardo why are you accepting data from the CBC, don't you want it eliminated? Maple MAGAs are such hypocrites.
Butler, you are not the first one to try to send people into a panic regarding a cyclical recession. When the Fed starts to drop rates this month, I'm guessing it will be a quick march down to levels that stimulate not just the economy, but the global economy.
BTW, global recessions are a fairly normal phenomenon.
PS- If you want to keep your eye on something globally, keep your eye on China. Don't follow the "official" CCP numbers. Follow reliable third party sources who analyze other data to back into the true performance of the Chinese economy.
What do you think Carney and Merz had for dinner in Berlin.
I'm wondering if the Chancellor serves German food.
Do you suppose it could have been French or Italian?
You're drunk and not even making sense. Just admit you have a problem.
Did Canada have a 66K job loss in August?
Oh, I absolutely don't trust the CPP. Hell I don't even trust their population numbers, let alone any economic forecasts.
I agree there is a cyclical recession. I called it happening this year. What I find though is the present US admin is denying it. At least Carney has stated it's going to get worse. And is preparing to help things while working on long term policy.
Trump is cutting jobs, social services funding, tariffs are in reality a sales tax that will affect lower income brackets. It's going to be far uglier when it really hits by next summer.
Canada's productivity number outside natural resources might be anemic in more ways.
You see Norway with a supercharged productivity number on the posted chart. That's obviously because of the enormous Norwegian energy production. That's a lot of value-add per capita.
So you take the Canadian economy that is around 20% natural resources and that adds significant value-add per capita. Obviously, not as much value-add per capita as tiny Norway's natural resources.
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If you did, that makes two of us. Why don't you tell squeeze that?
All U.S. Administrations downplay recessions. I'm guessing Canadian Administrations generally do to.
Carney as the new PM is managing expectations. He can blame Trump.
Very true, but I have not seen a drop in the U.S. fiscal deficit. So fiscal policy is relatively neutral to date.
I mentioned the Fed cutting interest rates which is a big and fast stimulus. Also, Trump's recent tax policies for business investment and R&D are stimulative.
The U.S. is an enormous and diversified economy. There are many levers that impact its performance. Looking at one or two factors often doesn't give you a sense of the big picture.
The bigger issue is how fast is AI impacting the labor market. No Administration can or should hold back technological advancement. It could be a painful but worthwhile transition.
