Canada lost 70,000 jobs last month

[Hamloc]

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If you are going to blame politicians for all the ups and downs in the economy and job losses it looks like Harper was worse than Trudeau!

Month to Month changes are volatile. Its the long term trends that are important.

Chuck what would a chart for the U.S.A. look like over the same time frame?

[chuckChuck]

Find one and post it.

But remember the US economy is not as dependent on the oil industry as is Canada. They have a large internal economy. They have also pumped billions of dollars into their economy with QE and borrowing.

Their debt to GDP ratio is higher than Canada's and increasing. Ours is lower and projected to fall.

Errol noted a while ago that US oil companies are also struggling in the tight oil plays as profitability has declined as well. Its not all roses south of the border.

[Hamloc]

One of the observations I have and maybe Errol can comment on this is the resource sector jobs come and go depending on commodity prices and supply and demand which are mostly a function of world markets.

The down turn in the oil and gas sector is significant but don't we have to remember that the preceding boom ramped up the economy and jobs significantly. High prices attracted increased production and supply. And growth in China slowed down. Large booms usually are followed by a bust.

Now oil companies are facing serious headwinds from lower prices. Pipeline constraints have added to the lower prices in some cases, but integrated oil companies in Alberta are still making good money.

But some oil companies are laying off workers and curtailing investments only to improve their bottom line so so shareholders see some benefits. This has added to the job losses.

Alberta grew tremendously based on a boom that didn't last. Its the classic tale of a boom and bust economy.

Many partisan voters seem to have short memories as the sharp drop in oil prices occurred while Harper was in power.

Trudeau is not well liked in Western Canada no matter what he does.

But as I have pointed out before politicians don't control the entire economy or world prices for commodities.

Chuck there was 3 provinces that lost a lot of jobs in the latest report, B.C. lost 18000, Alberta lost 18000 and Quebec lost roughly 45000. Two of those three have very little to do with oil and gas jobs. A lot of what Quebec lost was manufacturing jobs. Right now in B.C. a lot of lumber mills are shutting down. I think business is going where it can make the greatest return. Taxes and regulation continue to cost business more and more in Canada.

[chuckChuck]

Chuck there was 3 provinces that lost a lot of jobs in the latest report, B.C. lost 18000, Alberta lost 18000 and Quebec lost roughly 45000. Two of those three have very little to do with oil and gas jobs. A lot of what Quebec lost was manufacturing jobs. Right now in B.C. a lot of lumber mills are shutting down. I think business is going where it can make the greatest return. Taxes and regulation continue to cost business more and more in Canada.

Well noted. That's why Trump is protectionist now. Many jobs lost to lower cost manufacturers in China and Mexico. Multinationals don't really care where they invest. Its a global economy. Canada still has many advantages. But the corporations are playing us off against lower wages, lower labour stanadards and environmental standards. How low do we want to go to attract investment?

[jazz]

Lets put this into real perspective. In 3 yrs, Trump has increased the US economy almost the size of Canadas entire economy that took 150 yrs to build.

Absolutely astounding. He is going to asbsolutely destroy china now.

54,000 manufacturing jobs that guys like chuck said were enver coming back, came back.

There is chatter now that chinee companies may have to move operations to the US now to hang on to their customers. Just amazing what this man has accomplished. But its all lost on stunned socialists.

[Hamloc]

Just took a quick look Chuck, in Quebec the sales tax is 9.975%, add the GST the harmonized sales tax is 14.975%! Highest personal income tax over $104000 is 25.75%, combine that with the Feds top rate of 31% and you get 56.75% income tax on higher earners. So you ask how low can you go? Looks like lots of room to move in Quebec!

[bucket]

And instead of trying to impeach Trump or throw him out....if the same energy was used to help the economy.....just think where the US would be....

I don't think there is a Democrat that will beat Trump if the numbers hold...

People might not like Trump but if they are working ....they might give him another term....

[jazz]

People might not like Trump but if they are working ....they might give him another term....

And pathetic weasels like our own PM think its funny to take pot shots at him.

In 2020, Trump will have the presidency, house, senate and courts on his side. He is absolutely going to rewrite his nation and the world. We should be in lock step with that country. Canada always benefits from US boom and now a boom of a generation is under way and skippy drives us into the ditch.

[Guest]

I agree with Errol we either have to get people back to real work and real jobs or the January numbers are going to hit 100000. Saskatchewan companies are going to start layoffs in AG sector jobs come January. Watch.
Salesmen, mechanics, parts men etc. Grain reps crop reps etc.

Oil gas and mining will also add to that number. But the trades and suppliers are going to have to lose some people to keep afloat and that also will be January.

Sunny ways and gay parades don't work for a healthy working country.

Trudeau is a failure of epic proportions and will go down as the most useless PM in all of Canadian history.

Chuck and grass any comment or are you realizing Trudeau is a Cancer that is killing Canada.

Basf has already started
Sure theyre not alone

[Guest]

Lets put this into real perspective. In 3 yrs, Trump has increased the US economy almost the size of Canadas entire economy that took 150 yrs to build.

Absolutely astounding. He is going to asbsolutely destroy china now.

54,000 manufacturing jobs that guys like chuck said were enver coming back, came back.

There is chatter now that chinee companies may have to move operations to the US now to hang on to their customers. Just amazing what this man has accomplished. But its all lost on stunned socialists.

And all by himself
While the dems spent all their time working against him
And having to get rid of the swamp creatures in his own riding at the same time
He sure has worked hard at it
You might say he did this with his hands tied behind his back