I relunctantly agree. He's undoing Trudeaus damage. Carbon tax, Electric vehicle mandates, immigration levels. They should never have been done in the first place, but what's done is done. All he can do now is repair it.
Canada's labor market dips sharply in February, unemployment rate up
- Thread starter onthebottom
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“it’s coming, it’s just around the corner. Just any moment now. Just got off the phone. “
'By the end of next week.....'
Canadians are the most gullible people on the planet.
They’ve already taken the jobs from urban youth.
Short answer is yes.
BLS and BEA are following the same process they have always followed. They also revise measures as they get more data.
no serious person thinks the US is cooking numbers.
Thats comically inaccurate.
US GDP growth is higher, unemployment lower, worker productivity and GDP per capita fr exceed Canada.
Since electing Trudeau Canada has been on a downward trajectory. Carney is making it worse.
If they used MEDIAN as a base and not absolute the picture for everyday Americans is quite different.
I think what is happening is they are using the revisions process as a means to pump numbers, get headlines, then try to bury actual numbers month later in the news cycle. And DOGE cuts don't help this process.
Because Trump hates bad numbers and fires people for it.
This is kind of a sad thread.
Canada has bad economic news and members are immediately trying to deflect to the U.S.
Anyway, these bad Canadian economic numbers are just the result of cyclical forces that are hitting North America and the world.
The long-term issue is after a recession will Canada be able to pull itself out of its structural economic malaise.
Canada has bad economic news and members are immediately trying to deflect to the U.S.
Anyway, these bad Canadian economic numbers are just the result of cyclical forces that are hitting North America and the world.
The long-term issue is after a recession will Canada be able to pull itself out of its structural economic malaise.
I agree about Trudeau. The numbers dont lie. But is Carney making it worse? Look at all the Trudeau era policies he's reversed.
Im not saying Carney is a good guy. He's a political opportunist who can read the room. He threw all that climate crap out the window when it was no longer politically viable.
But is he, in fact, making things worse?
As we have done it after every other one, why would it be different this time?
Btw. The detractors tend to use US numbers as Larue did above the compare us to them. But the ones they always use involve productivity. Which is really not a good measurement of quality of life.
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It really is sad and not a joke. This is how many Canadians process and deal with this situation. Just complete denial and deflect.
What choice do we have? He's about to get a majority. He'll be in power for 4 more years. Better to rollback all the bullshit he advised Trudeau on, instead of doubling down on it.
You won't acknowledge cyclical issues vs. structural economic issues.
When the world came out of the 2008-2009 recession, the global commodity players were riding the global money printing wave. (Cyclical)
By 2015, the commodity wave collapsed and Canada's structural issues were clearly exposed.
Well, productivity is an important determinant of wealth creation. Wealth creation pays the bills, keeps the lights on and even determines how you can absorb refugees and pay for social things progressives love.
I've seen your response from others which is frankly provided by people who don't seem to care much about free enterprise and capitalism.
Think of it in the context of Carney's Global Trade Tour 2026. (BTW, would you snag me one of those tour t-shirts in black?)
Let's say he finds foreign markets for Canadian commodities.
There's still billions and billions of investments that need to be employed to fully exploit these opportunities.
(See Post #26 - Investment in Industrial Machinery and Equipment)
Exploiting these opportunities will raise both Canadian productivity and wealth.
However, companies are not going to put up that kind of capital unless they know the Canadian Federal and Provincial governments (Liberals, NDP and Conservatives) are all committed for the long-haul. They need these governments to not overregulate and overtax these business investments.
I have read your stuff for years and I sense you think don't worry the government will build the infrastructure. The public sector is not known for efficiency and advancing productivity. You seriously want private investment driving these "opportunities" with some government support perhaps.
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Trotting out their dogma still requires them to pick-up the mess. (At least in my community)
The difference is your increased productivity is not benefiting workers is it? Or the affordability conversation, housing crisis etc wouldn't be a topic.
We consistently rate in the top on numerous studies, as a top place to live.
And to complain about our govts? Seriously? With what you have? Sure, they go all in for business. But at the expense of citizens, not to benefit them.
We have more infrastructure then you think. Look at the new bridge. Your billionaire owner blocked it for decades while not maintaining his bridge. The road to the Ring of Fire is moving forward. New pipelines are happening.
Wanna talk how bad your grid is? Every week in my various discord groups someone is saying they have a power failure. Roads? Suck. I can go on.
And Trump's chaos is affecting your ability to get investment. Please don't deny that.
And trotting out the old "Amercan exceptionalism" is tired and living on past glory.
There's nothing about free enterprise that has anything to do with so-called American exceptionalism.
Year ago, some French economists were chastized for championing American free markets and American capitalism.
They responded there was nothing American about free markets and capitalism.
