Canada on the path to becoming the Argentina of the 21st century

[bucket]

Why do we have a deficit here?

Because we live in a society that is full of socialist capitalists.....ever see a company one here without government help?????...royalty holidays for oil and potash.....millions doled out to Regina's steel company...government help for international trade barriers can't be viewed as anything but a subsidy...etc etc etc...

The capitalists in this country are the largest government tit suckers...

[chuckChuck]

Its a mistake to be so pessimistic about Canada when the facts tell a different story. Take a look at the OECD and do some comparisons with other G 7 countries. http://www.oecd.org/canada/

For example, the US has a higher debt to GDP ratio than Canada and theirs is rising. Ours is lower and falling and we still have a triple AAA credit rating at the federal level.

There is a tendency for those in agriculture and resources to think the sky is falling when there are lower commodity prices or other headwinds are challenging their sectors. These are significant issues and painful for those that at are out of work or can't survive.

We have seen these low price parts of the cycle before. The youngins haven't and most of us know that you don't make your investment plans based on the most profitable years in the past.

But the reality is that China and global growth that was unsustainably high, drove a lot of investment in the resource sector. Now lower commodity prices because of increased supply and lower demand have come back to more normal levels.

The other major factor was the shale revolution in the USA has increased their oil and gas production. This was not predicted 15-20 years ago.

Most of these macro economic factors are beyond the control of any government.

In the midst of all this we have a protectionist president who attacks his neighbors and allies with tarrifs and threats and then starts the biggest trade war we have seen in a long while.

Yes we have incompetent politicians of all stripes that make mistakes but politicians come and go. The fundamentals suggest Canada is still one of the best countries in which to live and work in in the world.

[bucket]

Thats right Canada is doing great ...Trudeau saved 9000 jobs that were never in jeopardy in the first place....they have been fudging the numbers in Canada for quite a while...while 100000 jobs disappeared in Alberta...

Canada is losing oil sales without a pipeline , major reductions in ag exports as well the economic benefits because of the lower prices ,,,,and the auto sector is leaving regularly...

Its all sunshine and lollipops...

[chuckChuck]

300,000 jobs disappeared in manufacturing during the high oil prices that drove the loonie higher and made our manufacturing less competitive. Mostly in Ontario. Now with a lower loonie Ontario's economy is better and Alberta's is worse off.

Tell me how you are going to keep lower skilled manufacturing jobs in Canada in the face of competition and protectionism from Mexico, China, India and USA? Automation and artificial intelligence is also stripping jobs quickly.

In which industries and sectors are we seeing job growth and investment globally?

[Oliver88]

Canada is losing oil sales without a pipeline , major reductions in ag exports as well the economic benefits because of the lower prices ,,,,and the auto sector is leaving regularly...

Its all sunshine and lollipops...

Fiat Chrysler just announced it would axe 1500 jobs in Windsor.
At the same time Fiat Chrysler announced a $4.5 billion plant in Michigan and will spend $13.5 billion total in USA.
Ford investing $1 billion in Illinois and $900 million in Michigan.

Trump is actively trying to get their auto sector working again and USA is now exporting oil.
Trudeau is actively trying to shutdown our oil industry, auto sector by implementing Bill C-69, C-48 and a carbon tax tomorrow.

[AlbertaFarmer5]

300,000 jobs disappeared in manufacturing during the high oil prices that drove the loonie higher and made our manufacturing less competitive. Mostly in Ontario. Now with a lower loonie Ontario's economy is better and Alberta's is worse off.

Thanks again for throwing your support behind the separatist movement. As you correctly point out, the resource exporting region, and the manufacturing region can only prosper at the expense of the other, not both at once.

Tell me how you are going to keep lower skilled manufacturing jobs in Canada in the face of competition and protectionism from Mexico, China, India and USA? Automation and artificial intelligence is also stripping jobs quickly.

In which industries and sectors are we seeing job growth and investment globally?

That one is easy, the only substantial sector seeing job growth and investment is GOVERNMENT. And we are quickly becoming a world leader in this sector.

[Klause]

300,000 jobs disappeared in manufacturing during the high oil prices that drove the loonie higher and made our manufacturing less competitive. Mostly in Ontario. Now with a lower loonie Ontario's economy is better and Alberta's is worse off.

Tell me how you are going to keep lower skilled manufacturing jobs in Canada in the face of competition and protectionism from Mexico, China, India and USA? Automation and artificial intelligence is also stripping jobs quickly.

In which industries and sectors are we seeing job growth and investment globally?

Those jobs aren't coming back.

Neither are the resource jobs.

So basically were loosing jobs everywhere but claim it's ok because we have a high skills economy.


Really? Because... High skills high intelligent societies build great things.

We haven't done any of that.

We don't have any major innovations to create wealth.

And when we do create something it either fails (Nortel, RiM) or gets sold off (CANDU)

And why compare us to other collapsing post-industrial societies?

[furrowtickler]

“”In which industries and sectors are we seeing job growth and investment globally?”””

Oil , gas and agricultural production... but we are killing that off in Canada.

[Klause]

“”In which industries and sectors are we seeing job growth and investment globally?”””

Oil , gas and agricultural production... but we are killing that off in Canada.

Technology and AI.

But Canada's idea of creating coding jobs is game developers and web designers.

[Integrity_Farmer]

Argentina is a basket case
Inflation Rate Reaches 49.3% in Argentina, Highest Since 1991
Poverty rates rise as the country faces economic challenges due to unbridled neoliberal policies, the INDEC reports.

Argentina's statistics agency published a study on Thursday which shows that poverty affects 32 percent of the population with 6.7 percent living in extreme poverty. In one year, indigence increased from 4.8 percent to 6.7 percent.

The indicators revealed a rise in poverty and extreme poverty compared to the first half of 2018.

According to the statistics state agency, 23.4 percent of the population is living below the poverty line in urban areas.

The numbers, which does not include rural populations, indicate that there are about 14.3 million people living in conditions of poverty, almost three million more than those registered on the previous year.

https://www.telesurenglish.net/news/Argentina-Poverty-Increases-to-32-and-Extreme-Poverty-Reaches-7-20190328-0024.html?fbclid=IwAR1sFYjoicKppv0wAxChFx1E4-d8SKD7Jgvql3DXTZj2xEEK-wS8oFELSMM