Canadian economy rebounds with fastest growth in two years

[tay]

Yes Global Trade is great. Free Trades are not. ISDS components are not.........

Contrast what Carney (presently Bank of England, formerly Bank of Canada Chief) had to say yesterday; "Globalisation is associated with low wages, insecure employment, stateless corporations and striking inequalities." to Freeland..........

Freeland stressed that Canada is as positive as ever to the concept of freer trade, and she says the country is uniquely poised to take advantage of the current global economy. "There's a window open for us," she said, "and we have to push really hard to get through it and pull people in."

Carney warns about popular disillusion with capitalism - BBC News

Global trade more important than ever, Chrystia Freeland tells Toronto audience - Business - CBC News


And what the Toronto Star article omits is we have lost so many manufacturing jobs that we will never regain them unless Fair Trade is enacted. and until then low wages and unsecure jobs part time jobs will be the norm......


Canadians like to see themselves as the perennial optimists of global trade, even now as questions mount almost everywhere else over the benefits of open economies.

But it’s getting awfully hard.

The country is struggling to emerge from a 15-year slump in exports — among the worst track records anywhere. And with globalization trending in the wrong direction, it may be a bad time to look for an export recovery as governments elsewhere turn away from the free-trade ethos that’s prevailed for the last two decades.

It’s gotten to the point where Prime Minister Justin Trudeau has begun touting online sales of lobsters and cherries to China, and central bank officials are pinning hopes on the next big thing: the surely-imminent flood of global business for the nation’s digital firms.

Maybe better times will come, but the permanent loss of export capacity partly due to last decade’s commodity boom is starting to become a prominent theme for economic policy-makers — none more so than Bank of Canada Governor Stephen Poloz, who makes his next interest rate decision on Wednesday — discouraged by the long-awaited, never-realized manufacturing rebound.

https://www.thestar.com/business/2016/12/05/canadas-export-slump-among-worst-in-the-world.html

 

[darkbeaver]

Economy, Canada does not have one, tomorrow may begin to change that. NEXT FEDERAL COURT HEARING:
DECEMBER 7, 2016 COMER’s appeal will be heard by the Federal Court on December 7. Read more…
Information about this case is available on the Federal Court website. Search for court number T-2010-11.
Background: Two individual Canadians and COMER have confronted the global financial powers in the Canadian federal court. In early August 2013, the case was struck.
Decision of Federal Court, February 8, 2016, and filed appeal. Summary
Litigation Update, October 14, 2015 (pdf)
Litigation Update, May 13, 2015 (pdf)
Amended Statement of Claim, March 26, 2015 (pdf)
Appeal Update, January 26, 2015
Decision, April 24, 2014 (pdf)
Motion to Appeal, April 24, 2014 (pdf)
Appeal, December 10, 2013
Press Release, December 2011 (pdf)
Amended Court Filing, Jan. 2012 (pdf)
Proceedings, December 5, 2012 (pdf)

 

[mentalfloss]

The economy is fake? You are really going to have to explain that one to me.

It's a useless short hand term that doesn't really mean much.

 

[Mowich]

Liberals paint gloomy picture of Canada's economy
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Finance Minister Bill Morneau is holding virtual pre-budget consultations with various business groups.
A slide show for the sessions, obtained by CBC News, reveals a gloomy forecast for the economy.
Photo by: Sean Kilpatrick/The Canadian Press

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​

Finance Canada is giving business leaders a decidedly gloomy picture of the Canadian economy as part of the department's pre-budget consultations this fall.

A Dec. 5 slide show, obtained by CBC News, projects weak annual growth of just 1.8 per cent on average until 2029, and cites full-time job losses of 1.9 per cent across Canada so far this calendar year.

The slide show also notes that productivity is slowing, energy-sector investment is in sharp decline, and household indebtedness is at record levels.

None of the data is new but the outlook is shaped in dark terms, with almost no positive economic news expected in the years ahead.

Barriers to innovation

The slide show, which is being shown in every pre-budget consultation with stakeholders, ends with questions about investment and barriers to innovation.

The presentation was given Monday afternoon this week in a virtual session, via software known as GoToMeeting, with Finance Minister Bill Morneau logging on from an Ottawa boardroom to listen to the 16 participants. Some were connected by video, some only by telephone.

Among those offering advice was the vice-president of Google Canada, Sam Sebastian; Robert Watson, the president of the Information Technology Association of Canada; and Benjamin Bergen, executive director of the Canadian Council of Innovators. All were chosen by the Finance Department as "stakeholders in the innovation sector in Canada."

The pre-budget consultations began Sept. 26, and involve town halls, web-based public discussions, some on Facebook Live and others on Google Hangout, and surveys along with in-person sessions.

But this year's consultations include more virtual gatherings of stakeholders, to allow Canada-wide participation rather than local in-person sessions confined to experts available in particular communities.

Morneau spokesman Daniel Lauzon said the slide show was deliberately structured to make clear the challenges Canada is facing in tough economic times.

Google Hangouts are one method Finance Canada is using to consult with stakeholders as it prepares a 2017 budget. (Jacques Brinon/Reuters)

"What we're emphasizing is challenges and opportunities," he said in an interview.

"And I think it's important for people to understand the situation that we're in, and the low-growth environment that we've had for the last decade, when we're making budget decisions.

"The productivity challenge is a huge one."

More............

Liberals paint gloomy picture of Canada's economy - Politics - CBC News

​

 

[mentalfloss]

Smart move.

Then if things 'go well' they can pretend like they made a difference.

 

[Machjo]

I find myself somewhat agreeing with Mentalfloss (which is scarey)

The liberal government has tripled their projected deficit, and has done nothing to change how our debt based economy operates. Debt is spirally out of control in its usual unsustainable manner.

So you guys really have to decide on your own if this is a true recovery, or just a bubble that helps us forget how dismal our country's situation really is.

That's true. A government should never force growth, since it has no control over it. I don't care if a government is Liberal, Conservative, NDP, or anything else. I'll never blame a government for lack of economic growth since it has no control over that. What is within the government's control is to promote a more efficient economic system. It can also promote more stability. Beyond that though, the market will grow when the market will grow. In a recession, the government can help recovery indirectly through skills training for the unemployed, but it can't do much beyond that.


But when we get into forced unsustainable growth, that is not something to applaud. That's just a bubble waiting to burst.