Economists: Canada's GDP 'fell off a cliff' in January
- Thread starter mentalfloss
- Start date
True. Technically the sun isn't renewable. I imagine if we really do shift to solar power, there'll be some group of imbeciles who object to it on that basis.
again, you're the one hell-bent on continuing to introduce unrelated topics to threads. Again, you managed to pull the effort together to create (your now vanished) stooopid/dummy thread in the member's only Wreck Beach forum. Is it just too much of a stretch for you to consider either finding an existing appropriate "renewables related" thread... or creating a new one? It appears you really like to bluster and strawman the topic with your continued one-liner nothingness... but somehow... you don't really appear serious about wanting to discuss. Now I took you off my ignore list for a reason... don't make me...... :mrgreen:
Renewable energy requires storage to be useful. You can be useful by offering up ways of doing so. Got any weirdo?
Stephen Poloz warns of ‘atrocious’ first-quarter economic growth
Canada’s economy is closing out an “atrocious” quarter, slammed by the crash in oil prices, Bank of Canada Governor Stephen Poloz warns.
The first quarter of the year ends on Tuesday, and economists have already warned it’s going to look ugly when the numbers come in. Indeed, some observers have suggested the economy may actually contract, though modestly, this quarter.
In an interview with The Financial Times, Mr. Poloz underscored those concerns, highlighting why he cut his benchmark interest rate by one-quarter of a percentage point in a move that surprised the markets in January.
“When the oil shock came, it was clear we would no longer be able to close the output gap by 2016, but by 2017,” the central bank chief told the news organization.
“Since we had some firepower, we took some insurance and cut rates.”
Expect this to show up in Tuesday’s report from Statistics Canada on how the economy performed in January alone. Economists expect that report to show that gross domestic product slipped by up to 0.2 per cent, setting the first quarter up for a lame showing.
“The first quarter of 2015 will look atrocious, because the oil shock is a big deal for us,” Mr. Poloz said, citing the fact that the oil industry is slasing spending.
“In theory lower oil prices mean [putting] more money in consumers pockets, but ... if an oil company cancels [an investment] project, laying off a worker, that guy will not have the money to buy a new pickup truck,” the Bank of Canada governor is quoted by the news organization as saying.
“That spreads pretty quickly.”
Some observers, of course, have pinned at least some of their hopes on the oil-induced decline of the Canadian dollar, but that, Mr. Poloz said, is slow to work its way through the system.
It is however, still expected to have an impact.
“Now that the Canadian dollar has depreciated and U.S. investment is starting to fire on all cylinders, we are reasonably confident the export side will recover,” Mr. Poloz said.
“The manufacturing sector is turning around nicely,” he added.
“We were losing a lot of the auto parts manufacturing to Mexico. That calculus has shifted.”
Stephen Poloz warns of ‘atrocious’ first-quarter economic growth - The Globe and Mail
Canada’s economy is closing out an “atrocious” quarter, slammed by the crash in oil prices, Bank of Canada Governor Stephen Poloz warns.
The first quarter of the year ends on Tuesday, and economists have already warned it’s going to look ugly when the numbers come in. Indeed, some observers have suggested the economy may actually contract, though modestly, this quarter.
In an interview with The Financial Times, Mr. Poloz underscored those concerns, highlighting why he cut his benchmark interest rate by one-quarter of a percentage point in a move that surprised the markets in January.
“When the oil shock came, it was clear we would no longer be able to close the output gap by 2016, but by 2017,” the central bank chief told the news organization.
“Since we had some firepower, we took some insurance and cut rates.”
Expect this to show up in Tuesday’s report from Statistics Canada on how the economy performed in January alone. Economists expect that report to show that gross domestic product slipped by up to 0.2 per cent, setting the first quarter up for a lame showing.
“The first quarter of 2015 will look atrocious, because the oil shock is a big deal for us,” Mr. Poloz said, citing the fact that the oil industry is slasing spending.
“In theory lower oil prices mean [putting] more money in consumers pockets, but ... if an oil company cancels [an investment] project, laying off a worker, that guy will not have the money to buy a new pickup truck,” the Bank of Canada governor is quoted by the news organization as saying.
“That spreads pretty quickly.”
Some observers, of course, have pinned at least some of their hopes on the oil-induced decline of the Canadian dollar, but that, Mr. Poloz said, is slow to work its way through the system.
It is however, still expected to have an impact.
“Now that the Canadian dollar has depreciated and U.S. investment is starting to fire on all cylinders, we are reasonably confident the export side will recover,” Mr. Poloz said.
“The manufacturing sector is turning around nicely,” he added.
“We were losing a lot of the auto parts manufacturing to Mexico. That calculus has shifted.”
Stephen Poloz warns of ‘atrocious’ first-quarter economic growth - The Globe and Mail
"weirdo"??? Please sir, show some respect for the board! Again, take it to an appropriate thread... what are you so afraid of?
That;s how I was taught to ski
Is this your way of saying that the questions posed are too difficult to be addressed directly?
The news will only get worse when the realization that no transfer payments will be paid to the 2 biggest and most populous provinces in the nation.
Hard times ahead for those provinces that have hundreds of billions in debt
By being thrown into a raging river? I presume we're talking water skiiing.
What was the river so pissed off about?
Sure. In BC, we can store energy in dams. So you use your intermittent sources (wind, solar, tidal, etc) as available and bank your savings by letting the water level rise.
Which relies on snow pack. BCHydro is calling for water restrictions this summer. You can't store what you don't have
what does your ongoing want to continue to take this thread down an unrelated rat-hole discussion on renewable energy storage have to do with this thread's OP:
Economists: Canada's GDP 'fell off a cliff' in January
and there it is! Sure, sure... lapdog DuhSleeper... you, the guy who repeatedly declared, over and over, that you didn't have a reason/rationale to claim I wasn't there... that you didn't need a reason/rationale. Cause, lappers like you, you don't need no stinkin' reason/rationale cause you're a freakin' lapper! :mrgreen:
Want cheese?
That is the beauty of CC. Thread topics can morph and evolve and nobody but you cries about it.
Don't lie and nobody will call you on your lies.