Canadian economy heading for recession

[darkbeaver]

Recession confirmed as Canada's GDP shrank in 2nd quarter


Canada's economy expanded in June but declined by 0.1 per cent for the second quarter as a whole, meeting the bar of what is legally defined as a recession.
The economy expanded by 0.5 per cent in June, Statistics Canada said.
But that slight monthly uptick wasn't enough to offset the contraction in the previous two months, which means for the second quarter as a whole, the economy shrank.

Read more: whatreallyhappened.com WHAT REALLY HAPPENED | The History The US Government HOPES You Never Learn!



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[taxslave]

Which would still be better than the last 60 year blunder.

What blunder? You mean growing from a frozen backwater ranching area to the economic powerhouse of Canada?
I can see where someone from Ontario would hate that.

 

[mentalfloss]

What blunder? You mean growing from a frozen backwater ranching area to the economic powerhouse of Canada?
I can see where someone from Ontario would hate that.

I can see why a conbot like yourself would agree with the PC spending frenzy in that province.

 

[AnnaG]

meh Dippers borrow and spend, Gliberals tighten everyone's belts and rip the rugs out from under the provinces to award their buddies all kinds of goodies, but we all know the entire country is going into the dumper cuz of the Cons, right?:roll:

 

[mentalfloss]

Oil was definitely the way to go.

Those growth projections were spot on!

 

[JLM]

meh Dippers borrow and spend, Gliberals tighten everyone's belts and rip the rugs out from under the provinces to award their buddies all kinds of goodies, but we all know the entire country is going into the dumper cuz of the Cons, right?:roll:

No, very little of it has much to do with anything going on WITHIN the country!

 

[petros]

I can see why a conbot like yourself would agree with the PC spending frenzy in that province.

Whose money is it to spend and what is it being spent on Mr Jealous Dumbf-ck?

Why Alberta's oil is likely to stay in the ground

"To get an operation up and running, oil needs to sell for at least $100. Any lower than that, and it's not even worth digging.

Why are SK MB and NL still making money while AB isn't?

 

[JLM]

Why are SK MB and NL still making money while AB isn't?

More diversification?

 

[petros]

Alberta has 39% of Canada's conventional oil reserves, offshore Newfoundland 28% and Saskatchewan 27%,

 

[mentalfloss]

 

[darkbeaver]

Liars both of them and you're helping them keep the truth from Canadians. Don't hold your breath waiting for the upturn or are you a green shoots kind of perso. How's that garden doin eh? PM me for an exclusive stock offering and one of our booklets full of details laid out in a revolutionary new format that is considered by Nobell winning economic experts in financial growth to be the next thing in market analysis delivering the very best investment stratiggies ever formulated, and it's easy to read. Or you can order by calling one of our telephone reps who work in ditches or the forest, just dial the number on your skreen. 1800-666

 

[damngrumpy]

It is a fact now recession is here and the Harperites have to admit it. Another lie
claiming everything was fine and refusing to accept the fact of where we are.
Yes June was better but not enough.
To think there are a whole lot of people out there who have been waiting to vote to
overturn the record of this government. Time marches on and I think there is a
chance to see change what that change is remains to be seen.

 

[JLM]

It is a fact now recession is here and the Harperites have to admit it. Another lie
claiming everything was fine and refusing to accept the fact of where we are.
Yes June was better but not enough.
To think there are a whole lot of people out there who have been waiting to vote to
overturn the record of this government. Time marches on and I think there is a
chance to see change what that change is remains to be seen.

I don't know why it's so difficult for SOME people to understand the National economy is not a matter that can be controlled by one man. Both Trudeau and Mulcair have been yapping like a pair of idiots ever since this "recession" made the news first thing this morning. Personally I would love to see them both charged with trying to incite a riot. I guess on a more positive note it is not against the law to be irresponsible in Canada. For those who haven't been listening most of the world is in a deeper recession than Canada. Our numbers turned around in June. Let's celebrate that!

 

[petros]

Are we still in a so called recession?

 

[taxslave]

Are we still in a so called recession?

According to some. Mostly in Ontario. Alberta is in a poor enough condition that their unemployment rate might get as high as the national average. The rest of the money generation provinces are doing just fine. I think the poor sods that voted wrong in Ontario are worried they might not get their transfer payments this year.

 

[petros]

SK will still be paying a full share.

 

[taxslave]

SK will still be paying a full share.

SHould withhold it.Ontario does not deserve our help.

 

[JLM]

Are we still in a so called recession?

In Mulehair's and Jr.'s addlepated minds!

 

[petros]

SHould withhold it.Ontario does not deserve our help.

SK Premier Wall would like to see half of the transfers going to mandatory infrastructure programs. No more letting it go to waste.

 

[mentalfloss]

Ewart: Oilpatch layoffs confirm recession more than Statistics Canada | Calgary Herald