Financial Post: Canada’s economy blows away forecasts

[Decapoda]

Such an austerity policy would help to keep both inflation and interest rates down while also reducing the Federal debt.

But...but...lil spud campaigned on increasing federal debt...he promised!! Besides, this apparently gives him more room on the old debt to GDP credit limit, he may as well rack it up!! Only live once.

 

[taxslave]

Fighting inflation? With what?

Selfies. Don't need developing.

I prefer tax and cut governments myself.

I'm all in favor of tax cuts. For those that pay taxes.

 

[Cannuck]

I'm all in favor of tax cuts. For those that pay taxes.

As opposed to tax cuts for non taxpayers.

 

[mentalfloss]

Good news really hits the Trumpites pretty hard.

Oh dear.

 

[petros]

Psst. Putz pissed in the tub.

 

[White_Unifier]

Psst. Putz pissed in the tub.

I piss in the tub all the time. What's your point?

 

[JLM]

F'ing leftard!!!

F-king idiot!

 

[Danbones]

As opposed to tax cuts for non taxpayers.

many non tax payers are so because of those tax cuts dum dum

 

[JLM]

Don't know. Why don't you give us your opinion on the matter. I'm sure it would be hilarious.

There are nearly 44K unfilled jobs in Alberta. So what's going on? - CBC News | Opinion

Yep, no one's opinion can hold a candle to yours, A$$HOLE!

 

[Cannuck]

Yep, no one's opinion can hold a candle to yours,

Why thank you. I tend to disagree. Most intelligent people have opinions that can hold a candle to mine. Simpletons? Not even close.

 

[darkbeaver]

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

And you want to have a parade?

 

[Danbones]

Bloomberg News | August 2, 2016 10:29 AM ET

Canada’s economy is growing at the slowest pace in 60 years and the only thing holding us up is housing
Canada is in the midst of one of its weakest expansions ever, and only the housing boom keeps it from getting worse.

That’s one of the key takeaways from Friday’s GDP report. Two years since oil prices started plunging, Canada’s economy is almost completely reliant for growth on bank lending and the hot Vancouver and Toronto housing markets generating fees for brokers.

Real estate and financial services now account for 20 per cent of the economy, levels not seen in the data since the early 1960s. That could be a problem, with household debt at a record and policy makers scrambling to slow price gains that are making homes unaffordable for all but the wealthiest buyer

Canada

parade?

is that what they call the walk where 6 guys hold up a coffin?

 

[JLM]

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

I can understand embarrassment being something you don't understand! You're too f**king stupid!

 

[Danbones]

you are witnessing the creation of reality!

 

[Cannuck]

I can understand embarrassment being something you don't understand! You're too f**king stupid!

No, seriously, I really am sorry for embarrassing you. I can see how sniff sniffly sniffiy you're getting lately. Way more than usual.

Are you mad because that lazy son of yours turned down my job offer?

 

[JLM]

No, seriously, I really am sorry for embarrassing you. I can see how sniff sniffly sniffiy you're getting lately. Way more than usual.

Are you mad because that lazy son of yours turned down my job offer?

Sorry A$$hole, but my son's boss is retiring and my son has been offered his job.

 

[White_Unifier]

Sorry A$$hole, but my son's boss is retiring and my son has been offered his job.

You gotta pity the fool if the only enjoyment he can get out of life is in insulting others.

 

[JLM]

You gotta pity the fool if the only enjoyment he can get out of life is in insulting others.

Not to mention the fact it's his only skill. Very materialistic person!

 

[Bar Sinister]

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).

The current inflation rate is only about 2%. There really isn't anything to worry about in that area.

 

[mentalfloss]

The meltdowns over good news is pretty concerning.

It's clear that we have people here who want bad sh-t to happen to others in this country just because they don't like the current political party in power.

These are the same people that are hoping we get a terrorist attack.