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Canada In-Recession

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    Canada In-Recession

    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 . . . .

    #2
    Wonder why?


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

    Fools created this mess

    Comment


      #3
      When the PM is more concerned about SNC-Lavalin and Bombardier than he is Western Canada.........a recession will happen.

      Comment


        #4
        Lets stay focused on fighting about how we’re going to move a product that no one wants unless we sell it at a severe discount to other countries oil. That’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.

        Comment


          #5
          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

          Comment


            #6
            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.

            Comment


              #7
              Originally posted by the big wheel View Post
              Lets stay focused on fighting about how we’re going to move a product that no one wants unless we sell it at a severe discount to other countries oil. That’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?

              Comment


                #8
                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

                Comment


                  #9
                  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.

                  Comment


                    #10
                    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.

                    Comment


                      #11
                      As much as I hate to say it some hard times especially in Quebec night wake enough people up that the current govt isn’t competent to handle the economy. Especially if they impose the carbon tax in 30 days. The Ides of March is only 2 weeks away. A bad luck day for corrupt over confident dictators. Ask Caesar.

                      Comment


                        #12
                        Originally posted by SASKFARMER3 View Post


                        Find any one who voted liberal or is going to vote liberal and slap them silly.
                        So you're a masochist now?

                        Comment


                          #13
                          People who voted liberal will be slapping themselves once the economic malaise settled over the country. Good on them. All virtue signalling progressive fools can fn own it now. What a surprise to the left wing economic genius out there. You kill entire industries, tax the hell out of people, redistribute wealth to corrupt provinces and tada, your golden goose is cooked. What do you have left? Oh yeah green jobs. Well where the f are they? What a dark day for the country.

                          Comment


                            #14
                            Originally posted by jazz View Post
                            People who voted liberal will be slapping themselves once the economic malaise settled over the country. Good on them. All virtue signalling progressive fools can fn own it now. What a surprise to the left wing economic genius out there. You kill entire industries, tax the hell out of people, redistribute wealth to corrupt provinces and tada, your golden goose is cooked. What do you have left? Oh yeah green jobs. Well where the f are they? What a dark day for the country.
                            And Trudeau is in hiding.....

                            Comment


                              #15
                              Originally posted by jazz View Post
                              People who voted liberal will be slapping themselves once the economic malaise settled over the country. Good on them. All virtue signalling progressive fools can fn own it now. What a surprise to the left wing economic genius out there. You kill entire industries, tax the hell out of people, redistribute wealth to corrupt provinces and tada, your golden goose is cooked. What do you have left? Oh yeah green jobs. Well where the f are they? What a dark day for the country.
                              People who voted Liberal work for the government. What happens to the real economy does not affect them in the slightest. I would not have people who get there paycheck from government vote until such time that they rejoin the private sector. Mind you that may leave very few electors in Canuckistan.

                              Comment

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