Canada’s GDP growth soars to 2.9% in second quarter – exports hit 4-year record

[Twin_Moose]

20 of the fastest-crashing industries in Canada

 

[Curious Cdn]

20 of the fastest-crashing industries in Canada

Not many left.

"Would you like fries with that?"

 

[spilledthebeer]

Not many left.

"Would you like fries with that?"

Is it not fascinating how EASY is it is to sell stuff if you are so desperate that you offer it up at FIRE SALE PRICES!!!!!!!!!!!!!!!!!!!!


LIE-berals boast of record job creation in summer 2018......and yet struggle to find words for RECORD JOB LOSSES earlier in the year!!!!!


LIE-berals boast of record job creation while IGNORING the ugly reality that we are shifting over from decent full time jobs over to part time, temporary or contract CRAP McJobs!!!!!!!!!!!!!!!!!!!!



LIE-berals boast of soaring exports- but neglect to mention falling company profits and the frozen wages Cdns deal with even as LIE-berals drive up the cost of EVERYTHING with their carbon crap and trade scam!!!!!!!!!!!!!!!!!!!!!!!!


And LIE-berals are apparently pleased that Cdn companies have managed to continue exports even though they are burdened by


tariffs that are the DIRECT RESULT of LIE-beral refusal to take national security issues seriously enough to suit our Yankee



neighbours!!!!!!!!!!!!


LIE-berals DO NOT CARE that too many of our employers are on a slow road to fiscal STARVATION thanks to LIE-beral arrogance!!!



LIE-berals boast of our "booming economy" that is only booming for civil service union Hogs and pals of LIE-beral govt!!!!!!!!!!


Even as the value of our dollar drops and makes imported food and clothing COST MORE!!!!!!!!!!!!!!!!!!!!!!!!!


LIE-berals tell us the land is "strong" even as they bury us in an avalanche of new debt!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


LIE-berals boast of their money management skills even as they run headlong towards the debt wall that will see their govt crashing to the ground in disgrace!!!!!!!!!!!!!!!!


Our idiot Boy and his loser LIE-berals TAKE PRIDE in running the most costly govt in Cdn history!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


LIE-berals talk of unity and then hand over $11 billion dollars in BRIBERY to Quebec while at the same time LIE-berals IGNORE Ontari-owe because it dared to elect Doug Ford!!!!!!!!!!!!!!!!!!!!!!!!!


And LIE-berals ABUSE Alberta for daring to dislike LIE-berals in the first place and for daring to question the validity of the LIE-beral


carbon crap and trade scam that is nothing but a disgraceful gravy grab by GREEDY LIE-berals in the second place!!!!!!!!!!!!!!!!!!


It is now quite clear to the Cdn public that the LIE-beral carbon crap and trade scam ONLY cleans cash from wallets and leaves the



dirt in the air!!!!!!!!!!!!!!!!!!!!!!


And the ONLY RESPONSE LIE-berals offer to arguments like this is to whine about RACISTS and climate deniers!!!!!!!!!!!!!!!!!!!


IN other words- LIE-berals HAVE NO coherent rebuttal to those who accuse them of destroying Canada with insane debts and


shameless vote buying so LIE-berals can cling to power at ANY PRICE!!!!!!!!!!!!!!!

 

[Twin_Moose]

New year brings federal tax changes

OTTAWA - The new year brings with it tax changes at the federal level that will affect just about every Canadian, as well as small businesses.
One of the first changes workers will see is an increase in Canada Pension Plan premiums coming off their paycheques — the first of five years of hikes to pay for enhancements to the pension plan.

Employment Insurance premiums, on the other hand, will drop by four cents for every $100 of insurable earnings.
Meanwhile, the small business tax rate is going down from 10 to nine per cent. But changes to how much so-called passive income a small business can hold are also coming into effect, which is expected to push some businesses into paying a much higher corporate tax rate.
Also in 2019, low income workers can qualify for an increase in the Canada Workers Benefit. But they will have to wait until 2020 to receive the extra money.
The federal government's new carbon pricing system will also come into effect in provinces that don't have carbon pricing mechanisms of their own, resulting in higher costs for fossil fuels by April, and direct rebates to partly offset the increased costs.
Conservative Opposition Leader Andrew Scheer is already gearing up to make it an issue leading to the October federal election, calling 2019 the year of the carbon tax.

 

[Twin_Moose]

Falling oil prices drive Canadian trade deficit to six month high

(Bloomberg) -- Canada’s merchandise trade deficit widened to the largest in six months in November as crude oil prices tumbled, adding to evidence the economy is entering into a soft patch.
The nation posted a C$2.1 billion ($1.6 billion) shortfall during the month, more than double the C$851 million trade gap in October, Statistics Canada reported Tuesday in Ottawa. Exports fell 2.9 percent in November, for the biggest one-month decline in over a year, as oil shipments plunged 18 percent.
The sudden slump in oil prices has sidetracked what had been an improving export performance last year, leading to what is expected to be a temporary slowdown for the Canadian economy on falling export receipts and the impact of production shutdowns in Alberta to deal with transport bottlenecks.
The weakness also seems to have spread beyond energy, as shipments outside of that sector also declined in November by 1.4 percent. Exports were down in eight of 11 sectors tracked by Statistics Canada during the month.
Falling prices meanwhile were only partially responsible for the drop in shipments. Exports in volume terms fell 1.8 percent in November, including a 1.6 percent drop in non-energy exports.
Exports have now fallen four straight months, the longest negative streak since 2015. Imports also fell in November, dropping 0.5 percent, their third monthly decline.
The trade deficit was in line with the median economist forecast of C$2.15 billion, from an initially reported October deficit of C$1.17 billion. The country remains on pace to produce its lowest trade deficit in four years in 2018.
Statistics Canada also reiterated its next trade report may be hampered if the partial U.S. government shutdown continues, because it relies on American data to calculate exports.

Libs. just can't shake that dirty oil from the economy

 

[Curious Cdn]

Falling oil prices drive Canadian trade deficit to six month high
Libs. just can't shake that dirty oil from the economy

It's not just the Western oil.

Don't forget Hibernia.

 

[Twin_Moose]

Does the Hibernia get to ship their oil overseas?

 

[spilledthebeer]

Falling oil prices drive Canadian trade deficit to six month high



Libs. just can't shake that dirty oil from the economy

What a WONDERFUL EXAMPLE of LIE-beral hypocrisy!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


LIE-berals want to BOAST of a higher gross domestic product!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


But DO NOT want to talk about the STEADY LOSS of full time jobs!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And CERTAINLY LIE-berals DO NO NOT want to discuss how those full time jobs are RAPIDLY being replaced by part time CRAP!!!!!!!!!!!!!!!!!!!!!!!


And LIE-berals DEFINITELY DO NOT want to talk about GROWING trade deficits that will result in a devalued Cdn dollar and make it harder for ordinary people to afford imported FOOD!!!!!!!!!!!!!!!!!!!!!!


Yes- a lower Cdn dollar makes it harder to get fruits and vegetables from international sources like California, Guatemala and Chile- at the same time that the new LIE-beral carbon crap and trade scam starts hitting at Cdn farmers and driving THEIR prices up as well!!!!!!!!!


LIE-berals LOVE RAPID INFLATION as it gives them excuses to hand out more gravy to Hogs!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Its just TOO BAD about all the Cdns who are on fixed incomes and who are getting NAILED by LIE-beral created inflation!!!!!!!!!!!!!!


LIE-berals are trying to create a Soviet style govt where ordinary people are regulated by the threat of starvation!!!!!!!!!!!!!!!!!!!!!!!!!!


Cooperate with LIE-berals and they will throw you crusts of bread and allow you to live in a concrete box in an "AFFORDABLE" slum!!!!!!!!!!!!!!!!!!!!


Resist LIE-berals and you will end up unemployed and homeless and hungry as well-and will be wearing a sign on your back saying "White Privilege"!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[Twin_Moose]

Canada’s economic growth expected to slow

Growth is expected to ease globally as momentum sputters in countries like the U.S., with Canada showing signs of a sharp step down from its G7-leading 3 per cent in 2017, according to a report from the Organization for Economic Cooperation and Development.
The monthly composite leading indicators report Monday affirmed slowing growth across the 36-nation OECD with more declines on the horizon for Canada, the U.K., the Eurozone (including Germany, France and Italy), and in the United States where some cooling is expected later this year.
“In the United States and Germany, the tentative signs of easing growth momentum that were flagged in last month’s assessment have been confirmed,” the Paris-based research organization said in a statement.
Most forecasters have been anticipating a global slowdown, with the first quarter of 2019 being seen as particularly weak in Canada due to an 8.7 per cent reduction in oilsands output that kicked in at the start of January.
“We do, however, continue to think growth will rebound from that weak showing as oil production ramps up and the rest of the economy continues to grow roughly at potential,” said Scotiabank deputy chief economist Jean-Francois Perrault in an email.
The OECD data, designed to anticipate turning points in economic activity up to nine months ahead, continues to flag stable growth in Japan, with easing momentum seen for Brazil and Russia.
Stable growth remains the assessment for the industrial sector in India and China, even though customs data Monday showed an unexpectedly steep decline in Chinese exports to the United States in December.
The OECD data shows a twelfth consecutive monthly drop in Canadian economic growth — to 99.1 in November from 99.3 the previous month amid signs that growth in the U.S. may be slowing faster than anticipated. The U.S. indicator fell for the third straight month to 99.6 and further below the 100 mark that points to steady growth. By contrast, China’s indicator rose slightly to 98.8.
The leading indicator for the Eurozone was below 100 for a fourth straight month, pointing to a continuation of the slowdown that began last year.
Canada’s economy is expected to expand by 1.9 per cent in 2019 compared with 2.1 per cent last year according to a survey of economists in early January by Bloomberg News that sees a 20 per cent chance or recession within the next 12 months. The survey sees 1.5 per cent growth in the first quarter versus an estimated 1.9 per cent in the final three months of 2018.
U.S.-China trade tensions along with indications that global economic activity is approaching capacity “have taken some of the steam out of exports and put commodity prices on the defensive,” RBC chief economist Craig Wright said in a 2019 outlook, adding that consumers are being squeezed by three rate hikes in 2018 that pressured the housing sector, although RBC expects the central bank to hike rates two more times this year.
Statistics Canada says GDP rose 3 per cent in Canada in 2017 — ahead of all the other Group of Seven countries — as household expenditures jumped by 3.5 per cent.

 

[spilledthebeer]

Canada’s economic growth expected to slow

Here it is January 16, 2019 and the news IS IN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


The global economy IS SLOWING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


In both Toronto and Vancouver- house sales are well off of previous levels!!!!!!!!!!!!!!!!!!!!!!!!!!!


The loss of full time jobs that are being replaced by part time crap is accelerating!!!!!!!!!!!!!!!!!!!!!!!!!


Low wage, part time, temporary and contract crap is becoming the NORM!!!!!!!!!!!!!!!!!!!!!!!!



And the price of oil has dropped to levels not seen in nearly a decade- with some of that being the result of more sophisticated Yankee extraction methods that essentially rejuvenate and extend the life of old oil fields and some of it is the result of more fuel efficient cars...........but some is the



result of cash strapped consumers simply traveling less and thus using less gas!!!!!!!!!!!!!!!!!!!



Our idiot Boy and his loser LIE-BERALS got elected on a promise to "save the middle class" and ended up hitting them with $2 grand in new taxes!!!!!!!!!!!!!!!!!!!!!!!!!!!


And that $2 grand is money that would have been used to go on weekend jaunts- to restaurants and wine tasting and a day skiing in Collingwood etc!!!!!!!!!!!!!!!!!!!!!!!!!!


And instead that $2 grand per middle class person is being used to pay for the DELUGE OF ILLEGALS!!!!!!!!!!!!!!!!!!!!!!!


And sadly those unskilled, ill-educated illegals with their woefully limited ability to succeed in our LIE-beral debt debauched economy will be a drain on our pocket books for many decades to come!!!!!!!!!!!!!!!!!!!!!!!!


And there is the $4.7 billion dollar bill to buy and mothball the Kinder Morgan pipeline to consider as well!!!!!!!!!!!!!!


At the same time that civil service union Hogs are getting pay raises the rest of us are looking at PAY EROSION thansk to steadily higher taxes and govt fees and by infaltion mandated by the LIE-beral carbon crap and trade tax SCAM!!!!!!!!!!!!!!!!!!


Congratulations LIE-berals on having created a TWO TIER ECONOMY!!!!!!!!!!!!!!!!!!!!!!