Financial Post: Canada’s economy blows away forecasts

White_Unifier

White_Unifier

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Feb 21, 2017
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mentalfloss said:
Like I said.

Nothing to worry about.


Canada’s economy blows away forecasts

OTTAWA — The Canadian economy outperformed expectations in the final three months of 2016 by generating growth at an annual rate of 2.6 per cent.

Statistics Canada’s latest report on real gross domestic product says the biggest contribution to the fourth-quarter increase came from household consumption, which rose at an annual rate of 2.6 per cent.

The agency says economic growth was limited by an 8.2 per cent decline in business investment, which was the category’s ninth consecutive quarterly contraction.

The headline GDP figure also received a boost from a sharp quarterly drop in imports, which fell at an annual rate of 13.5 per cent. Statistics Canada said some of that decline was due to the one-time, third-quarter import of a large module for the Hebron offshore oil project.

Overall, the economy expanded by 1.4 per cent in 2016 — compared to with 0.9 per cent growth in 2015.

Canada’s economy blows away forecasts
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Good. Now's the time to start fighting inflation. Raise revenues, reduce expenditures. Such an austerity policy would help to keep both inflation and interest rates down while also reducing the Federal debt.
 
White_Unifier

White_Unifier

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Feb 21, 2017
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petros said:
Fighting inflation? With what?
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High revenue (such as high taxes, fees, fines, etc.) and low expenditure such as through cuts in government spending.

Austerity is the best remedy against inflation and high interest rates. It also helps to pay the debt so as to prepare for the next recession, whenever that may come (and it will eventually come).
 
petros

petros

The Central Scrutinizer
Nov 21, 2008
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If you have a full bath tub but half leaks out but you manage to somewhat patch the hole and add a few buckets making it 3/4 full do you have a full bath tub?
 
JLM

JLM

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Cannuck said:
No. Making fun of simpletons is just too much fun.

For idiots like you and Petros, the price of oil started to bottom out two and a half years ago. The pogey ran out long ago.

I'd say sorry for embarrassing you again but I'm really not
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I'll spell it out for you A$$HOLE.....................SHUT THE F**K UP. The only embarrassment on here is you. Petros has more brains in his little finger (or any other appendage you choose) than you have in your head!
 
White_Unifier

White_Unifier

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Feb 21, 2017
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petros said:
Because it's still a 1/4 from full. When you have a full tub only then can you take water earmarked for bathing and water the garden.
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Wouldn't an austerity policy help fill the tub better than borrow-n-spend would?

Danbones said:
austerity doesn't work

IT’S OFFICIAL: AUSTERITY ECONOMICS DOESN’T WORK
It’s Official: Austerity Economics Doesn’t Work - The New Yorker
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It might not work in recession, but it works otherwise. To believe otherwise is to oppose Keynesianism.
 
Cannuck

Cannuck

Time Out
Feb 2, 2006
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Danbones said:
don't read or do math eh?
;)
but you talk lots
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Coffee monitor golf logo

JLM said:
I'll spell it out for you A$$HOLE.....................SHUT THE F**K UP. The only embarrassment on here is you. Petros has more brains in his little finger (or any other appendage you choose) than you have in your head!
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JLM said:
Most kids know better than to insult people by the time they are two.
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Hehehehe...

White_Unifier said:
Wouldn't an austerity policy help fill the tub better than borrow-n-spend would?
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Trumpites love tax and spend governments, as long as they aren't lead by a guy named Trudeau
 
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