Canada's labor market dips sharply in February, unemployment rate up

Butler1000 said:

The difference is your increased productivity is not benefiting workers is it? Or the affordability conversation, housing crisis etc wouldn't be a topic.

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Our government largesse can be dramatically higher with lower taxation simply because we have grown much faster.
The U.S. has a very generous welfare system.
I also think Canada has an housing affordability problem. There are some common issues between our housing markets.
Perhaps, Canada is a better place for a healthy, chronically underemployed young person. I don't know the specifics.

Butler1000 said:

We consistently rate in the top on numerous studies, as a top place to live.

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There are many places that are rated highly in these studies. Most of these studies assume you have money and/or are paid well.

Butler1000 said:

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.

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I like fleshing out your ideas. I think eventually we come around to state socialism which over time is having trouble producing, long-term results around the world.

Butler1000 said:

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.

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I don't know what to tell you. There are charts right on this very thread. Objective data is incredible and powerful information if you know how to access and read it. As I tell several members here, you would be surprised if you are honest with yourself how often the headlines don't match the data. Of course, you can run around the internet trying to find headlines supporting anything.

Now I'm not saying Trump is behind the U.S. investment progress at this early juncture. The U.S. has had an incredible model for attracting and employing investment for decades and decades.

Butler1000 said:

You think we are communists?

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I think you are part French.

This isn't addressed to the Canadian economic situation exactly, but its a useful reference.
I read recently that U.S. fracking companies have been employing the technology primarily in the U.S. because of private oil, gas and mineral rights.
There are enormous fracking opportunities around the world, but mostly fracking companies have to deal with governments to get fracking rights and deal with intrusive policies. For the past several years, the easy opportunities were domestic.

WyattEarp said:

Our government largesse can be dramatically higher with lower taxation simply because we have grown much faster.
The U.S. has a very generous welfare system.
I also think Canada has an housing affordability problem. There are some common issues between our housing markets.
Perhaps, Canada is a better place for a healthy, chronically underemployed young person. I don't know the specifics.



There are many places that are rated highly in these studies. Most of these studies assume you have money and/or are paid well.



I like fleshing out your ideas. I think eventually we come around to state socialism which over time is having trouble producing, long-term results around the world.



I don't know what to tell you. There are charts right on this very thread. Objective data is incredible and powerful information if you know how to access and read it. As I tell several members here, you would be surprised if you are honest with yourself how often the headlines don't match the data. Of course, you can run around the internet trying to find headlines supporting anything.

Now I'm not saying Trump is behind the U.S. investment progress at this early juncture. The U.S. has had an incredible model for attracting and employing investment for decades and decades.

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Did you ever think Trump trying to force investment is a sign you are no longer that attractive a model? And the cracks are widening. The push is on to remove USD as the world currency. Your military reputation is taking an unprecedented beating right now. $150 oil, coupled with a likely market crash and AI bubble burst, add in Impeachment and gridlock.

Not looking as good as you think.

WyattEarp said:

This isn't addressed to the Canadian economic situation exactly, but its a useful reference.
I read recently that U.S. fracking companies have been employing the technology primarily in the U.S. because of private oil, gas and mineral rights.
There are enormous fracking opportunities around the world, but mostly fracking companies have to deal with governments to get fracking rights and deal with intrusive policies. For the past several years, the easy opportunities were domestic.

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Ya those pesky governments preventing exploitation right?

Isn't that what your military is for?

Butler1000 said:

Did you ever think Trump trying to force investment is a sign you are no longer that attractive a model? And the cracks are widening. The push is on to remove USD as the world currency. Your military reputation is taking an unprecedented beating right now. $150 oil, coupled with a likely market crash and AI bubble burst, add in Impeachment and gridlock.

Not looking as good as you think.

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I have more years than most here. I don't make assessments based on short-term headlines.

There's no push to remove the USD as the world currency. It doesn't even mean what you think or Trump thinks for that matter.
I assure you will you never understand what the world reserve currency entails from following mainstream media.
China doesn't actually want to be the world reserve currency. They just want to talk it up.
There are enormous obligations for opening up the economy and allowing the free movement of capital.

This is from Google AI and it does a good job if summing it up.

Significant Obstacles to Global Reserve Status:

• Capital Controls: China's strict controls on capital flowing in and out of the country restrict the yuan's global usability.
• Macroeconomic Dilemma: For the yuan to become a global reserve currency, China would likely need to run persistent trade deficits, which contrasts with its export-led economic model.
• Lack of Liberalization: The market is not fully liberalized, and financial institutions are perceived as lacking transparency compared to Western counterparts.
• Low Trust: As an authoritarian regime with capital restrictions, international investors are cautious of trusting the renminbi as a primary "safe haven" asset.

Now the Chinese are definitely interested in developing alternative payment systems outside the reach of the United States influence. That's possible but you still have to create a shadow dollar or euro system. However, no one wants to hold Chinese Yuan nor do the Chinese want foreigners to hold on to Yuan. Now if foreigners want to invest in China and not have free access to their capital that can be done.

Butler1000 said:

Ya those pesky governments preventing exploitation right?

Isn't that what your military is for?

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Do you want to have a serious conversation or do you want to spend most of your time here obsessed about Trump and the U.S.?

As I have noted, you keep a pretty good lid on your preference for government. However, it's your natural fall back.

WyattEarp said:

Do you want to have a serious conversation or do you want to spend most of your time here obsessed about Trump and the U.S.?

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That is a serious conversation. Did you miss what Trump did in Venezuela and abandoned has clearly stated he wants to do in Iran.

He is just saying the quiet part out loud on Truth Social now.

WyattEarp said:

I have more years than most here. I don't make assessments based on short-term headlines.

There's no push to remove the USD as the world currency. It doesn't even mean what you think or Trump thinks for that matter.
I assure you will you never understand what the world reserve currency entails from following mainstream media.
China doesn't actually want to be the world reserve currency. They just want to talk it up.
There are enormous obligations for opening up the economy and allowing the free movement of capital.

This is from Google AI and it does a good job if summing it up.

Significant Obstacles to Global Reserve Status:

• Capital Controls: China's strict controls on capital flowing in and out of the country restrict the yuan's global usability.
• Macroeconomic Dilemma: For the yuan to become a global reserve currency, China would likely need to run persistent trade deficits, which contrasts with its export-led economic model.
• Lack of Liberalization: The market is not fully liberalized, and financial institutions are perceived as lacking transparency compared to Western counterparts.
• Low Trust: As an authoritarian regime with capital restrictions, international investors are cautious of trusting the renminbi as a primary "safe haven" asset.

Now the Chinese are definitely interested in developing alternative payment systems outside the reach of the United States influence. That's possible but you still have to create a shadow dollar or euro system. However, no one wants to hold Chinese Yuan nor do the Chinese want foreigners to hold on to Yuan. Now if foreigners want to invest in China and not have free access to their capital that can be done.

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A lot of the world is tired of the sanction regime the USA puts in place. And forcing all transactions to go through NY. If you are going to have a reserve currency it needs to be neutral. Not weaponized. And the mounting US debt is making more people doubt its viability. Add in Trump and it happened twice shows your so called checks and balances are not that strong. And your politics is so toxic and divisive that the foundations of your system are now being questioned.

It's really that bad Wyatt.

Wyatt the reason I don't overly fret over things here is because we are still a top 15 or better economy depending on metrics. We have resources galore to feed our people. Energy independence. And in abundance. A stable political system with a narrow enough Overton Window to maintain it. Stable banking system(proven against in 2008). Sure we are not as wild west in entrepreneurship, but that also means we are not as bad off in downturns.

And we are well liked around the world. A destination for talent seeking the above. Highly educated workforce. Strong passport. And a solid reputation.

Every problem in my life is now a first world problem. And I came up with some things that could have sent me down bad and dark roads. A few desperate times where a bad decision could have been made. So all these complaints in my opinion are arguing over which booth is better in the steakhouse. Which cut of steak is better, and what wine to have tonight.

That's why I defend it. I like my nation.

Driller69 said:

Wait they told us negative population growth would lead to more jobs?

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wait, negative population growth impacts the supply of workers,
wait again, the demand for workers is driven by the health of the economy

southpaw said:

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.

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He's not going to undo Trudeaus damage.- He is surrounded by the same stooges that selected the Moron Trudeau to lead them.

He just loaded the carbon tax burden onto business who will either close shop or pass the burden onto the consumer
immigration levels? He just reduced students immigration. Canada's overall immigration numbers will still be way above 2025 levels -despite an ever increasing level of immigration out of Canada by the wealthy and entrepreneurs (job creators)
EV Mandates - he will spend a boat load of your tax dollars subsidizing EVs nobody wants to buy


he is not going to get a pipeline built
He will continue to divide the country
He will continue to attack small business
He will continue to increase government control over Canadians
He is not going to tackle increasing crime
He will not reduce the regulatory burden on Canadian businesses
He will continue to funnel money to Gerald Butts rolodex of NGOs
he will continue the Trudeau tradition of implementing a globalist agenda
He will continue the Trudeau tradition of running a corrupt government
He s going to expand Trudeaus irresponsible spending and he will become exceptionally wealthy doing so

No one can undo Trudeaus damage - some is very likely a permanent impairment, particularly the unbelievably irresponsible and utterly stupid East west division Trudeau intentionally caused - what an idiot

Carney will do a half assed rearrangement of the deck chairs on the Titanic - for show only
The policy objectives will be tweaked and rebranded

This brutal jobs report is not the end
This is the first inning of what will be a very painful recession for Canada

stagnant or negative economic growth, rising unemployment , a housing crisis and persistent food inflation
Justin Trudeau's new book: ' How to fuck up a country in 10 short years"'

Mark Carney will get exceptionally wealthy as PM , but he is defiantly not going to repair the damage Justin Trudeau did
He will throw gasoline onto the Trudeau dumpster fire

WyattEarp said:

I like fleshing out your ideas. I think eventually we come around to state socialism which over time is having trouble producing, long-term results around the world.

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State socialism does produce, long-term results around the world
The problem is those results are failures and really ugly failures

socialism is a very appealing ideal for many
equality of everything, , sleep in until 9:00 am, punch out at 3:00 pm , 2 hour lunches, everyone get taken care of by the benevolent corruption free government, no need for elections -- sounds great

and then there is the reality
socialism just does not work and not surprisingly morphs into police states that produces corruption, inefficiencies, destruction of wealth/ prosperity, misery, and poverty
Then there are the 50 to 200 million people that were starved to death, worked to death or outright murdered by their own Socialist/ Communist government in the 20th century

Repeat those failed experiments? -- No thank you

southpaw said:

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.

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They don't need to be rolled back. They need to be eliminated.

He's already slowly rolling forward again.

onthebottom said:

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. View attachment 563522 View attachment 563523 View attachment 563525

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GDP is just measuring how the rich got richer in america while more people live in poverty, can't afford food and housing and life expectancy declines.
Its just measuring how big the fall of the empire will be.

Things are going really well for trump now.

Butler1000 said:

That is a serious conversation. Did you miss what Trump did in Venezuela and abandoned has clearly stated he wants to do in Iran.

He is just saying the quiet part out loud on Truth Social now.

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It actually supports my point about governments generally don't do a good job with nationalizing industries.

I kind of knew that point would grate on your economic views.

WyattEarp said:

It actually supports my point about governments generally don't do a good job with nationalizing industries.

I kind of knew that point would grate on your economic views.

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What are talking about. I believe in Capitalism. But it needs to be checked. Or you end up with child labour, company stores, bully boys, and the police used to beat workers.

And that's not hyperbole. Thats history.

JohnLarue said:

Mark Carney will get exceptionally wealthy as PM , but he is defiantly not going to repair the damage Justin Trudeau did

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What's the alternative? He's getting his majority. I looked forward to the Libs getting booted out in the last election. All the polls indicated it. Then Trump happened and you know the rest.

Hephaestus said:

View attachment 563776

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How are liberals too dumb to see this?