“Canada: The Industrial Implosion” v. the United States

onthebottom

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This might be one of the issues with productivity in Canada.

“Canada: The Industrial Implosion” v. the United States
by Wolf Richter • Sep 12, 2025 • 61 Comments
Stunning charts of how investment in industrial machinery & equipment collapsed a decade ago in Canada but stayed on track in the US.

By Wolf Richter for WOLF STREET.
“According to the latest national accounts data, real investment in industrial machinery & equipment [in Canada] fell in Q2 to its lowest level on record (data back to 1981). As today’s Hot Chart shows, the divergence with the U.S. is nothing short of appalling,” wrote Stéfane Marion and Matthieu Arseneau, at Economics and Strategy, National Bank of Canada, in a note sent to subscribers today.

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jeff2

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Sep 11, 2004
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The oil sands boom turned to bust in 2014. Massive glut of oil because of new tech out of the U.S. to pump oil and gas out of shale rock. OPEC decided not to cut production to try to steal share back from the U.S. frackers. Then major oil buyers like China started slowing.
 

JohnLarue

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The oil sands boom turned to bust in 2014. Massive glut of oil because of new tech out of the U.S. to pump oil and gas out of shale rock. OPEC decided not to cut production to try to steal share back from the U.S. frackers. Then major oil buyers like China started slowing.
wrong the oil patch has weathered boom and bust cycles before
they just can not weather the Trudeau family

your incorrect answer does not explain the massive decline in investment in industrial machinery and equipment

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the real issue was Justin Trudeau and the liberal party of Canada scared investment dollars out of Canada
investment dollars avoid stupid
 

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jeff2

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Sep 11, 2004
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wrong the oil patch has weathered boom and bust cycles before
they just can not weather the Trudeau family

your incorrect answer does not explain the massive decline in investment in industrial machinery and equipment

View attachment 484012


the real issue was Justin Trudeau and the liberal party of Canada scared investment dollars out of Canada
investment dollars avoid stupid
Nope. That played a role but was not the major issue. I was expecting that response. This was not an ordinary boom. That is why the Canadian dollar even exceeded the U.S. dollar during a point in the boom. Rapid industrialization of China played a role in the demand.


AI Overview

The primary cause for the decline in Canadian business investment in 2015 was the sharp drop in crude oil prices that began in 2014, significantly impacting the energy sector, which accounted for a large portion of overall business investment. Other contributing factors included increased regulatory uncertainty, a less competitive corporate tax environment, and the "crowding out" of business investment by residential construction and consumption.
 

onthebottom

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gee, i wonder what happened in 2015 to drive investment out of Canada ?
I noticed that as well, yet you made the same mistake in the last election.
 

K Douglas

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I noticed that as well, yet you made the same mistake in the last election.
Because we live in a left leaning country. The NDP vote vanished and most of it ended up with Carney's Liberals. The Conservatives actually got more of the popular vote this election 41.3% than they had since the 1980's.
 

onthebottom

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Because we live in a left leaning country. The NDP vote vanished and most of it ended up with Carney's Liberals. The Conservatives actually got more of the popular vote this election 41.3% than they had since the 1980's.
You will have to find a way, you’re dying from 1 million liberal cuts. The fact that your PM is so focused on net zero when your economy isn’t large enough to make an emissions difference, especially with the Hydro you have for electricity.
 

Frankfooter

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You will have to find a way, you’re dying from 1 million liberal cuts. The fact that your PM is so focused on net zero when your economy isn’t large enough to make an emissions difference, especially with the Hydro you have for electricity.
Spending on renewables and heat pumps is cheaper then spending on oil, insurance rates are going through the roof from forest fire and storm damage already.
america is in the middle of an implosion, your pedo chief is destroying the country economically and making it globally hated.

 
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