Manufacturing leads strong GDP growth in January
- Thread starter mentalfloss
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This is likely a side effect of the low Canadian dollar. Mainly due to the collapse of oil prices. So if you are going to blame Harper for that, you need to credit him for this.
The truth is neither are the fault of the current of former PM.
Remember the good old days when we had regular recessions and 0.1 GDP growth under Harper?
"Evidence continues to mount that the rotation towards manufacturing/export led growth is now beginning to take place."
And where is this fukkin mounting evidence? Punkin head!
And where is this fukkin mounting evidence? Punkin head!
More specifically, Whites of British and Germanic origin.
Italians need not apply.
The French ones are "pur laine"
The GDP growth you point to is made in total contrast to the rest of the known fukkin world. I don't have to get up to hover above you. I can do that and a case of beer at the same time.
The lone underperformer..
The next round of layoffs has already begun with Cenovus Energy Inc. and Murphy Oil Corp. announcing workforce reductions last week. Ongoing cuts by Suncor Energy Inc., Encana Corp. and others will likely result in thousands more jobs lost by the end of the year as the Canadian industry shaves billions worth of spending in order to continue operating in one of the world’s most expensive oil-producing regions.
“It will probably take another six months before some of the bloated staffing levels are tackled,” said Todd Hirsch, chief economist at ATB Financial in Calgary. “Many of these companies are getting employment levels down to the bare bones and over the spring and summer there will be more layoffs.”
With 40,000 jobs cut, more layoffs still to come for Canada’s energy industry | Calgary Herald
The next round of layoffs has already begun with Cenovus Energy Inc. and Murphy Oil Corp. announcing workforce reductions last week. Ongoing cuts by Suncor Energy Inc., Encana Corp. and others will likely result in thousands more jobs lost by the end of the year as the Canadian industry shaves billions worth of spending in order to continue operating in one of the world’s most expensive oil-producing regions.
“It will probably take another six months before some of the bloated staffing levels are tackled,” said Todd Hirsch, chief economist at ATB Financial in Calgary. “Many of these companies are getting employment levels down to the bare bones and over the spring and summer there will be more layoffs.”
With 40,000 jobs cut, more layoffs still to come for Canada’s energy industry | Calgary Herald
That is fantastic 40,000 Canadians out of work . I wonder how many came from your neck of the woods ?
Still waiting for Ontario’s manufacturing employment recovery – Behind the Numbers
"But the underemployment rate–the rate that also tracks involuntary part-time workers and discouraged workers–remains much higher than it was in 2008 at 10.7%"
Continuing bad news for Ontario's rust belt
Canadian Manufacturing Hits Record Low Amid Fears Recession May Never Have Ended
... Oh, and ouch!... Betcha wish that the analysts believe that it is only 6 months, eh?