no it was not picking up
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this is not sustainable as the public sector needs the private sector to fund them
3.6% private sector job growth over 4 years is abysmal
Canada's latest job numbers show a loss of 33,000 jobs in March
- Thread starter DesRicardo
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3.6% private sector job growth over 4 years is abysmal
I am talking about the stock markets. Trump lost 9.6 trillion dollars so far. The effect on goods and jobs is just starting. Not sure why your trying to defend him. The economy was stagnant due to high interest rates. Now that interest rates were cut the economy should be roaring back, but some fucking insane piece of shit put the brakes on and is causing a worldwide recession.
Its up to $12 trillion now, which means trump has massively pissed off the oligarchy around him. You put that together with Hands Off and it could be the start of the American Spring.
It's not a defense of Trump. It's acknowledging our own policies within the nation are also to blame. Including an over reliance on USA trade, pipeline cancelations, tax policy, and other factors.
Our numbers were not good, we are in essence now below G7. And that is a decade in the making. We can't blame Covid. Everyone went through it.
We are a resource based economy, with a decade long leadership that stifled our development of it.
The Canadian structural stagnation started long before Trump.
I would agree that if the U.S. economy is roaring then the Canadian economy would benefit. However, the U.S. is at the end of its economic cycle. The Fed engineering a soft-landing is always a wishful thought.
The good news is both Carney and Poilievre will throw out the Trudeau playbook which should lift the economy. And when the tariff battle settles, lower rates will boost our economies.
The most absurd thing I have witnessed on TERB is some obvious progressives championing Canada's energy export sector in recent months. Where the fuck were they the past ten years??
As they say, you can't make this shit up.
I think some members have a picture in their head. In a form of cognitive dissonance, they work backwards to a narrative to support that picture.
Hence, the election is upon us and the Canadian economic woes are now because of Trump's policies.
Good luck explaining to a hardcore progressive why a job created by the government is not equal to a job created by the private sector.
So you deny that the tariff turd is to blame for the stock market losing 9.6 trillion since he got in and a staggering 5 trillion immediately after he put tariffs into effect ? Are you really that naive ? It was going to happen anyways is the most stupid thing I have ever heard from you you are usually capable of forming somewhat reasonable arguments but when left with the choice to admit you were wrong about Trump and the start reality that he is the worst president in history you choose to plug your ears and chant Trump Trump Trump
i hate to correct you but Carney's playbook will be devastatingly similar to Trudeau's
Caney refuses to repeal Bill C-9 the anti pipeline legislation and he is going to increase the industrial carbon tax burden
he will also continue to expand the size of govt
You're ignoring the chronic, excessive U.S. trade deficit that keeps growing and growing.
Let's say for argument's sake you weren't ignoring the problem, do you support any policy alternatives?
Trump's tariffs are just a painful solution to a colossal problem.
If Biden initiated the action there would be no bitching and moaning from the Left. The progressives would be championing a win for the working man over U.S. and global multinationals.
You have to see a bigger picture than what you're being told. I'm sorry you don't like this messenger.
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I'm being optimistic. There's a great tendency for political parties to never change their stripes.
I'm actually concerned that some people here think somehow things will be different without Carney actually saying how that will de done. That's why I think the next three weeks will be an interesting ride.
I just looked. The CDN dollar is up slightly. TSX index only down 5% in total for the last month. It's the USA getting hurt bad. And at this point I don't have much of a problem with that.
Tmx, coastal gaslink,lng canada were all built under Trudeau. Bay du nord was also approved under trudeau and oil production increased by 25% a record pace
Oh we are gonna get hammered. The reason the cad is up, is in a $ or $ scenario, the tariffs collected by canada will be a bigger % of our gdp.
Interesting. I don't know the composition companies of the TSX off-hand.
I think you would agree that the Dow Jones Index is heavily weighted with large multinationals that rely on trade arbitrage to increase profit margins. This concept seems to have escaped many people.
Trade arbitrage can only work if there are arbitrage options. Its difficult to replace the US market BUT just think, they can now redirect supply to other markets at a discount, they will have to as Americans will have to buy less. So it could result in goods deflation in Canada from Non US sourced suppliers. In fact many US manufacturers might increase Canadian production to supply international markets as there will be tariffs against US made goods in many of them. Its hard to say how it will all play out in the end.
Yes true, but far less currency outflow to US with vacation curtailments and US goods boycotts.
