Ontario economy outpacing G7 nations

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,817
471
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And it's all the Liberals fault. If only we had a Conservative government to destroy our economy instead of the socialist, bleeding heart lefties that are just sucking us dry of all of our tax dollars.....


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Ontario economy outpacing G7 nations, finance minister says

Ontario’s economy is growing at a healthy clip, outpacing all G7 nations, according to the province’s second quarterly public accounts.

From April to June, gross domestic product increased 0.8 per cent, which followed a 1 per cent increase in the first quarter of 2017.

“Ontario’s economy continues to grow, with real GDP growth outpacing the average of all G7 countries in the second quarter of 2017,” Finance Minister Charles Sousa said Monday.

Sousa noted the province’s unemployment rate last month was 5.6 per cent, its lowest level this century.

“This evidence tells us that our plan is working, and we are making progress,” said the treasurer, telling reporters he expects the province’s economy to grow by between 2.6 per cent and 2.8 per cent this year.

“It’s kind of like we planted a tree some years ago and we’re getting shade and we’re getting the fruits of our labour,” he said.

His rosy rhetoric comes as Ontarians go to the polls on June 7, 2018 and most public-opinion surveys show the governing Liberals trail the Progressive Conservatives.

Growth in the second quarter was driven by “solid consumer spending.”

https://www.thestar.com/news/queenspark/2017/10/16/ontario-economy-outpacing-g7-nations-sousa.html
 

White_Unifier

Senate Member
Feb 21, 2017
7,300
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I'd expect that given how the government is borrowing and spending. But is it sustainable in the long term?
 

Walter

Hall of Fame Member
Jan 28, 2007
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Ontario economy outpacing G7 nations, finance minister says
Yeah, just ask him.
 

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
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Vancouver Island
Since the "unemployment rate" is directly related to how many people collect EIC I don't doubt that the unemployment rate is falling as peoples EI runs out they are no longer unemployed. XConvenient way to make the facts fit the rhetoric.
 

Twin_Moose

Hall of Fame Member
Apr 17, 2017
22,041
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Twin Moose Creek
And it's all the Liberals fault. If only we had a Conservative government to destroy our economy instead of the socialist, bleeding heart lefties that are just sucking us dry of all of our tax dollars.....


..


...



Ontario economy outpacing G7 nations, finance minister says

Ontario’s economy is growing at a healthy clip, outpacing all G7 nations, according to the province’s second quarterly public accounts.

From April to June, gross domestic product increased 0.8 per cent, which followed a 1 per cent increase in the first quarter of 2017.

“Ontario’s economy continues to grow, with real GDP growth outpacing the average of all G7 countries in the second quarter of 2017,” Finance Minister Charles Sousa said Monday.

Sousa noted the province’s unemployment rate last month was 5.6 per cent, its lowest level this century.

“This evidence tells us that our plan is working, and we are making progress,” said the treasurer, telling reporters he expects the province’s economy to grow by between 2.6 per cent and 2.8 per cent this year.

“It’s kind of like we planted a tree some years ago and we’re getting shade and we’re getting the fruits of our labour,” he said.

His rosy rhetoric comes as Ontarians go to the polls on June 7, 2018 and most public-opinion surveys show the governing Liberals trail the Progressive Conservatives.

Growth in the second quarter was driven by “solid consumer spending.”

https://www.thestar.com/news/queenspark/2017/10/16/ontario-economy-outpacing-g7-nations-sousa.html


I love the headline and the news, but how do they out pace Canada at 2.9% and the states @ 3.0-3.7%, who is lying?
 

Danbones

Hall of Fame Member
Sep 23, 2015
24,505
2,198
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Yes, as the g7 nations fly toward the ground with smoke and flame shooting out of their butts
;)
One area stands out...leading the pack...while the others, following behind, sniff sparks and soot...
 

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,817
471
83
I love the headline and the news, but how do they out pace Canada at 2.9% and the states @ 3.0-3.7%, who is lying?




https://tradingeconomics.com/canada/gdp-growth-annual




https://tradingeconomics.com/united-states/gdp-growth