Canadian jobs gains crush forecasts as evidence of economic recovery builds

[pgs]

Apparently sunny ways is good for the economy :lol:


Startling Canadian GDP numbers could signal economic turning point:

A Financial Times editorial described Canada as a glimmer of light in a world of "sluggish economies" because of its willingness to use fiscal spending to help boost global growth. But these latest figures may indicate Canada is providing something even more valuable: leadership in actual growth, not just growth created by artificial stimulus.

If you accept the "animal spirits" analysis offered by Poloz at the end of last year, optimism is more than just a good feeling. It has real economic consequences, especially after an extended period of gloom.

Such a burst of real growth could have another advantage for the current government's plans. It would reduce the worry of a debt overhang caused by the Liberals' deficit spending spree. Real economic growth creates new revenue, simultaneously cutting the debt ratio by expanding the bottom half of the ratio's fraction.

Startling Canadian GDP numbers could signal economic turning point: Don Pittis - Business - CBC News

So the CBC which just happened to have 250 million of funding restored is all in for the liberals .
Say it isn't so .

 

[captain morgan]

That's just a happy, sunny ways coincidence... No correlation to the extra 100s of millions they got... No sir

 

[Johnnny]

Sunny ways will return once China starts expanding outside it's own borders for copper, at least in northern ontario and BC.

They forecast a year roughly

 

[Machjo]

That Liberal tax and spend plan is clearly a huge job killer.

I think I'm starting to understand why the conbots are curmudgeons now. When you're wrong this often it kinda makes sense.


Canadian jobs gains crush forecasts as evidence of economic recovery builds

The Canadian labour market surged in March, snapping a recent soft patch in employment in dramatic fashion, providing fresh evidence of Canada’s strengthening economy.

Statistics Canada’s monthly Labour Force Survey reported that total employment jumped 41,000 last month, more than reversing the two small declines in January and February. That brought the unemployment rate down to 7.1 per cent, after hitting a three-year high of 7.3 per cent in February.

Economists had anticipated a bounce-back in hiring from the sluggish figures of the first two months of the year, as economic indicators had generally shown that the economy was growing at a solid pace early in the year. But the gain was much bigger than the 10,000 jobs that economists, on average, had estimated.

Some of the key details within the report underlined the strength of the March numbers. Private-sector employment surged 65,000; full-time jobs were up 35,000. And in Alberta, where labour market has been severely battered over the past year by the dramatic slump in oil prices, employment surged 19,000 in March, and the unemployment rate tumbled to 7.1 per cent from February’s 20-year high of 7.9 per cent.

“GDP is roaring, and the labour market seems to be joining the party,” Canadian Imperial Bank of Commerce economist Nick Exarhos said in a research note. “Chalk this up as another positive data point in a Canadian outlook that looks much brighter than it did a few months ago.”

Canadian jobs gains crush forecasts as evidence of economic recovery builds - The Globe and Mail

Anyone can stimulate the economy by raising spending and reducing taxes.

Oh, but the Government raised taxes, you say? Yes, but it still increased expenditure far more than in raised taxes, so as a revenue to expenditure ratio, it's still like a tax reduction.

So again, any government can stimulate the economy by reducing taxes and increasing spending. But the real question is, how long can that last?

 

[Angstrom]

Apparently sunny ways is good for the economy :lol:


Startling Canadian GDP numbers could signal economic turning point:

A Financial Times editorial described Canada as a glimmer of light in a world of "sluggish economies" because of its willingness to use fiscal spending to help boost global growth. But these latest figures may indicate Canada is providing something even more valuable: leadership in actual growth, not just growth created by artificial stimulus.

If you accept the "animal spirits" analysis offered by Poloz at the end of last year, optimism is more than just a good feeling. It has real economic consequences, especially after an extended period of gloom.

Such a burst of real growth could have another advantage for the current government's plans. It would reduce the worry of a debt overhang caused by the Liberals' deficit spending spree. Real economic growth creates new revenue, simultaneously cutting the debt ratio by expanding the bottom half of the ratio's fraction.

Startling Canadian GDP numbers could signal economic turning point: Don Pittis - Business - CBC News

Real growth happens when investors spend money and make profit from that investment.
Sunny ways is investments being spent. Who knows if real growth and profit from real growth will happen.

For all we know, this investment could be like flushing money down the toilet.

Until revenues from these investment start coming, or not. That's when we will know.

I've never seen someone so happy about flushing money down the toilet, though. I have to hand it to you. Your something special.

 

[Machjo]

Yes I can already see the wonderful healing powers of the technical recession and being constantly reminded that ISIS is my neighbour.

What does ISIS have to do with this thread? Harper was a paranoid schizophrenic.

I tend to agree with Trudeau on many social fronts and don't even necessarily oppose tax increases per se. But seriously, he's got tostio borrowing money. I'd be for raising the GST back to 7% but the idiot Trudeau, while promising to shoot spending through the roof! made it an election promise not to raise the GST! Who in is right mind promises to shoot spending through the roof but then promises to not raise certain taxes?! That's one promise I hope he breaks if he has half a brain. At least Mulcair was honest enough to make promises he could keep. He's promised more moderate spendong increases than Trudeau did and, more importantly, did not shy away from admitting significant tax increases.

But Trudeau promised the world: insignificant tax increases in exchange for opening the floodgates of government spending.

Okay, Trudeau's immigration policy is good in principle. Let's increase our taxpayer base. But to be honest, I have a feeling that even his wise policies stem less from his wisdom and more from mêre coincidence.

 

[Nick Danger]

We've got a ways to go as far as recovery goes. I work in the oilsands with camp caterers and bid into jobs through my union hall, with the available jobs going to whoever has been waiting the longest. Right now they're dispatching people who have been out of work for 8 to 12 months, basically since the oil price crash and the few months following. The usual waiting time for a new job before the crash was anywhere from a couple of days to a few weeks if you were being picky about what camp you went to. I've been off for about four months this time. and I'm optimistic that I'll be back to work before summer is gone, but we'll see. Lots of people out of work in Alberta, that province is bucking the trend right now, with unemployment on the rise.

What I have noticed going on quite a bit is that the big employers are making every effort to cut expenses, and have been pressing the trades to work for less. There's some room for that to be sure, the money up there is just silly, but it's not going unnoticed that while they cry about the need for cutting costs a lot of the big operators are doing better than ever. The whole oil industry is in flux, probably not a great time to be making assumptions. I'm just going to sit back and watch and see how fast I can get back to work before I jump on the "recovery" bandwagon as any improvement has to be tempered with how bad it got over the last year.