Sell Canada ?

[ajl]

Ontario will not be contributing to equalization payment ever again. Headline today was that MAGNA got 1200 new Federally subsidized auto parts jobs in Guelph. The Auto industry is more subsidized than farming. All the economically viable manufacturing jobs have left for right to work states like Michigan (Believe it or not it is now a right to work state), Indiana, or further south. The upside of the lower oil prices is that Alberta will contribute less to equalization but it still will be a contributor.

[ALLFARMER]

Just had a picker operator quit today. Second guy in 2 weeks.. why guys quiting? Too much work, barely any time off. Have to hire other trucks on a near daily basis to cover the work. Likely pays around $60/hr winch truck $38/hr Thats with a fresh class 1 in your hand. Last young guy blew the motor in a truck hmmm foot to the floor right..3000rpm??

[tweety]

But..... If you're a farmer, its a glorious time.

All our inputs lower, exports are priced higher.

Its about time things come back to normal.

[Klause]

Grassfarmer I don't know where they cane up with that....


O/g workers make almost double the average canadian wage. On top of that... 1% of 15 million or so workforce would mean only 150,000 work in the o/g sector.


That would be direct jobs in extraction.


Construction, trucking, surveying, upgrading are all not counted in those figures.


O/g, farming, mining, forestry are base industries for Canada. Everything else is dependent on them.

[fjlip]

O/G 1.1% , farmers 2%, mining ?%, that's why WE DON'T show up on Gov radars.
95% are not in these industries and they all vote.

[grassfarmer]

I don't make up the figures Klause but they do not support your argument whichever ones you look at. Oil and gas are relatively minor sectors of the CDN economy.

Eighteenth in the list of industrial sector employers - "mining quarrying and oil and gas extraction" was behind "farming, forestry, hunting and fishing"

http://www12.statcan.gc.ca/nhs-enm/2011/as-sa/99-012-x/2011002/c-g/c-g02-eng.cfm

Only 61,000 employed in oil and gas extraction in 2013 - where there was 65,000 involved in mining.

http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/labr71c-eng.htm

[ajl]

Oil and Gas has a huge impact on the Canadian economy. The largest employer in Canada is the government and most of those people should stay home from work because the rest of us are worse off from their effort. That being said what else do people of Canada do? Oil and gas, mining, farming, fishing and logging. Transportation is a huge sector but much of their activity is derived from the aforementioned industries. Manufacturing is a mere shadow of its former self and most of that is better done in the US and Asia.

[cottonpicken]

You guys are both right,it's not big in GDP numbers but what exports do is bring external capital into our economy which is a huge deal.once that capital hits the banking system,wages,deposits,etc is gets leverage up and landed out.

[Klause]

Exactly cp.


Grassfarmer I'm not disputing your #s.

Do you agree forestry farming and fishing are 2% of our economy in real terms?




Without ag and oil there would be nothing in the west and little in the East...


Unless you are the Cayman Islands or Switzerland real growth doesn't come from services... service industries shuffle money that exists... mining ag forestry and oil create new wealth.