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Canada's Economy Shrinks . . . .

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    #31
    Originally posted by biglentil View Post
    2018 is going to be a doozy. Chinese petro yuan convertable in gold, flat lined economies, an oil supply shock due to lack of investment, cryptocurrency boom, a North Korean preemptive strike. The ole metrics do not apply throw the textbook out the window and buckle up!
    That would be the petro yawn not yuan. China has bigger debt problems than the US does. China is forcing their oil suppliers to take yuan not US dollars as China can't buy $USD at the moment. Both Saudi and Russia would prefer the USD, as would I, since it is a better store of value, but China aint got it and those guys don't have any other markets.

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      #32
      Originally posted by ajl View Post
      That would be the petro yawn not yuan. China has bigger debt problems than the US does. China is forcing their oil suppliers to take yuan not US dollars as China can't buy $USD at the moment. Both Saudi and Russia would prefer the USD, as would I, since it is a better store of value, but China aint got it and those guys don't have any other markets.
      Don't be surprised when the headlines read China owns Saudiaramco.

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        #33
        Originally posted by Rareearth View Post
        Errol what infrastructure projects that were completed were irresponsible:
        20 years ago?
        10 years ago?
        Last couple of years?

        Infrastructure is the fabric that builds a country. It’s what builds a economy, business, jobs, etc a standard of living that many in the world envy, work-life balance, etc.

        Timing is always a issue, would have, could have, should have. Is there ever a good time, for the expense or other priorities

        What projects should be torn down, as they aren’t needed, or to costly to maintain, etc ?
        Rareearth, Your point is well-taken. But in my view, infrastructure spending is a balance. It should not be the reason why Canada's GDP of 4.5% is leading the G7 while government scrambles for more business tax.

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          #34
          Canada's economy

          Immigration to Canada is forecast to increase over the next three years to 340,000 per year by 2020.
          Should help grow the economy s bit.

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            #35
            Originally posted by samhill View Post
            Immigration to Canada is forecast to increase over the next three years to 340,000 per year by 2020.
            Should help grow the economy s bit.
            You mean increased immigration will drain the social programs. Can you hear the sucking sound?

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