Canada In-Recession

**SASKFARMER3** · Mar 1, 2019, 08:30

Wonder why?

Find any one who voted liberal or is going to vote liberal and slap them silly.

Fools created this mess

**Oliver88** · Mar 1, 2019, 08:37

When the PM is more concerned about SNC-Lavalin and Bombardier than he is Western Canada.........a recession will happen.

**the big wheel** · Mar 1, 2019, 08:41

Lets stay focused on fighting about how weâ€™re going to move a product that no one wants unless we sell it at a severe discount to other countries oil. Thatâ€™s the future!!! Hahahaha
Every other country is developing so many other industries of real future value and were stuck in this argument. Maybe the USA is behind this.

**Taiga** · Mar 1, 2019, 08:46

Yeah nobody wants oil, what good is that stuff for anyway.
https://www.worldoil.com/news/2019/2/24/it-s-official-us-production-reaches-120-mmbopd-for-a-new-record

**crusher** · Mar 1, 2019, 08:50

Equity markets are looking pretty recession proof. That being said, I still dumped some money into GIC's instead.

Grain markets are pretty sick though.

**jazz** · Mar 1, 2019, 09:48

Originally posted by the big wheel View Post

Lets stay focused on fighting about how weâ€™re going to move a product that no one wants unless we sell it at a severe discount to other countries oil. Thatâ€™s the future!!! Hahahaha
Every other country is developing so many other industries of real future value and were stuck in this argument. Maybe the USA is behind this.

As I have told you before and you can look this up (you have google right?), there is a market for all kinds of crudes including lower quality heavy ones. Refiners in india and china want it as well as the southern US which takes Venezuala crude now. There is totally a market waiting there but we have to man up and take it. The price will moderate as soon as we capture it and the we can focus on refining and upgrading opportunities for the incremental barrels that might not have a home. Do you know anything about our resources at all?

**tmyrfield** · Mar 1, 2019, 11:22

Originally posted by errolanderson View Post

Canada's economy now at-a-halt . . . .

Released this morning . . . Canada's grew by just 0.1% in the 4th quarter, the worst quarterly performance in 2 1/2 years.

And these numbers are flattering as the only reason Stats Can was able to present a +0.1% number was build in company inventories as goods stockpiled. Canada likely already in a fairly deep recession (IMO).

Loonie under fire today . . . .

and yet in the US Trump bashing because growth dropped under 3%

https://www.cnbc.com/2019/02/28/trumps-economic-policies-failed-to-deliver-promised-3percent-growth-in-2018.html https://www.cnbc.com/2019/02/28/trumps-economic-policies-failed-to-deliver-promised-3percent-growth-in-2018.html

**errolanderson** · Mar 1, 2019, 11:39

Originally posted by tmyrfield View Post

and yet in the US Trump bashing because growth dropped under 3%

https://www.cnbc.com/2019/02/28/trumps-economic-policies-failed-to-deliver-promised-3percent-growth-in-2018.html https://www.cnbc.com/2019/02/28/trumps-economic-policies-failed-to-deliver-promised-3percent-growth-in-2018.html

And just wait for 1st quarter U.S. data to be released . . . won't be even close to White House and Wall Street market expectations (IMO).

North American banks feeling-the-heat as consumerism, housing under intensifying financial microscope.

**the big wheel** · Mar 1, 2019, 12:02

Trump implemented a good times roll short term gain long term pain to get re elected.

Reduced taxes on the rich so they flooded the markets with money but debt is beyond stupid.

Cutting services and maintenance seems like a short term great idea until the consequences come back to haunt you twice as hard.

Canada In-Recession