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Justin Trudeau is Doing a Great Job


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Stocks are reaching records in Canada. The economy not so much.

Canada’s economic outlook isn’t exactly flashing green but you wouldn’t know it by looking at the stock market, fresh off Wednesday’s record high.

The Bank of Canada has begun to consider lowering borrowing costs as growth starts to sputter and corporate profits come in below expectations

The nation’s economy is nowhere near peak growth. Economists surveyed by Bloomberg expect the economy to decelerate to a yearly pace of 1.5 per cent in 2019 and 2020, in line with expectations for slower global growth. The Bank of Canada has also revised down its forecast for Canada GDP in 2020.

https://www.bnnbloomberg.ca/stocks-are-reaching-records-in-canada-the-economy-not-so-much-1.1348031

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3 hours ago, irv said:

Stocks are reaching records in Canada. The economy not so much.

Canada’s economic outlook isn’t exactly flashing green but you wouldn’t know it by looking at the stock market, fresh off Wednesday’s record high.

The Bank of Canada has begun to consider lowering borrowing costs as growth starts to sputter and corporate profits come in below expectations

The nation’s economy is nowhere near peak growth. Economists surveyed by Bloomberg expect the economy to decelerate to a yearly pace of 1.5 per cent in 2019 and 2020, in line with expectations for slower global growth. The Bank of Canada has also revised down its forecast for Canada GDP in 2020.

https://www.bnnbloomberg.ca/stocks-are-reaching-records-in-canada-the-economy-not-so-much-1.1348031

Yup its slowing, you keep posting this for some reason - Ontario is slipping we agree :dunno:  Alberta while a few are making gains -

1.5% is a far cry from a recession so I think we are okay for a few more years it seems

 

1.6% is the historical average 

 

it is impossible to continue to grow and grow at high rates, not possible 

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The numbers show our green obsession is hurting Canada

The latest numbers on economic productivity in Canada are extremely disappointing. And with the Liberals back in power, the numbers are about to get worse, especially considering that the Trudeau government is now held in office by three anti-development parties — the NDP, Greens and Bloc Quebecois.

Perhaps more concerning, though, is the plight of Ontario. Once the economic engine of the country and home to 40% of our national population, Ontario’s annual, per capita GDP is just $48,000 US. That’s only $1,000 better than Kentucky and just 12% above West Virginia — coal-mining, mountain-people West Virginia!

 

This is largely the result of the Liberals “green” obsession — first in Ontario under premiers McGuinty and Wynne and now federally under Justin Trudeau. This should surprise no one since many of the same people who thought up Ontario’s “green” energy strategy are now devising federal policy.

And it matters far less to these eco-zealots what happens to people’s jobs and standard of living than making expensive, symbolic, useless environmental gestures.

For instance, Ontario Liberal policies gave that province the highest electricity costs on the continent, which contributed to the loss of 200,000 manufacturing jobs in the past 15 years. That should make the architects of Ontario’s “green” energy policies contrite and apologetic. Instead, they are now trying to duplicate their disaster on a national scale.

Instead of trying to revive our economy with more pipelines and manufacturing plants, attracted by loosened regulations and lower taxes, the Liberals in Ottawa are giving every indication of going the opposite direction — more “green” impediments to growth, plus even higher taxes and bigger deficits.

And the decline of our energy sector is not geological, it’s political. The oil is there. We know how to extract it. Yet, thanks to our “green” federal government, there is inadequate ability to get that oil to market, so investors now see Canada as one of the least reliable places to put their money.

https://torontosun.com/opinion/columnists/gunter-the-numbers-show-our-green-obsession-is-hurting-canada

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2 hours ago, irv said:

The numbers show our green obsession is hurting Canada

 

 

And the decline of our energy sector is not geological, it’s political. The oil is there. We know how to extract it. Yet, thanks to our “green” federal government, there is inadequate ability to get that oil to market, so investors now see Canada as one of the least reliable places to put their money.

https://torontosun.com/opinion/columnists/gunter-the-numbers-show-our-green-obsession-is-hurting-canada

Interesting ONEWAY SUN report

How come the pipe line wasn't an issue to get oil to market until 2015?  strange was Harper slow or just didn't care :dunno:  I don't remember it being even talked about

The issue with Quebec and the pipeline will not go away anytime soon no matter who the PM is.

 

 

according to THE SUN  Ontario is slipping and all we can say it was Dulton's fault :lol:  even though Wynne had record employment and great growth numbers 

strange eh!

Edited by 1trailmaker
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Fuck, you're dumb, Trail. :crazy: And you said you didn't vote for Wynne. Got any more tall tails you'd like to tell us, Trail? Lord knows you're full of them and a whole pile of ignorance thrown in for good measure! 

Ontario debt projected to rise to $325B, Wynne Liberals to run deficits until 2024

https://globalnews.ca/news/4110048/ontario-liberals-budget-spring-election/

Philip Cross: Ontario’s 50,000 job losses kick off Wynne’s anti-business backfire

https://business.financialpost.com/opinion/philip-cross-ontarios-50000-job-losses-kick-off-wynnes-anti-business-backfire

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34 minutes ago, irv said:

Fuck, you're dumb, Trail. :crazy: And you said you didn't vote for Wynne. Got any more tall tails you'd like to tell us, Trail? Lord knows you're full of them and a whole pile of ignorance thrown in for good measure! 

Ontario debt projected to rise to $325B, Wynne Liberals to run deficits until 2024

https://globalnews.ca/news/4110048/ontario-liberals-budget-spring-election/

Philip Cross: Ontario’s 50,000 job losses kick off Wynne’s anti-business backfire

https://business.financialpost.com/opinion/philip-cross-ontarios-50000-job-losses-kick-off-wynnes-anti-business-backfire

IRV Doug has promised deficits until 2024 :lol:  okay what next 

 

Ontario was 5.2% unemployment when Wynne lost lowest in 25% years - that isnt a bad economy that is hiring and  besides our Economy under Harper was the envy of the world, Ontario plays a mayor part in Canada;s economy as a whole

 

I do get a kick out of you posting a monthly jobb loss report :lmao: 

Edited by 1trailmaker
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3 minutes ago, 1trailmaker said:

not strange at all it was time for them to go

How come, Trail? I mean she had record employment and growth numbers, so there must be something other than just people were tired and bored with her and wanted a new face and chose Doug's ugly mug over hers, no?. :news:

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21 minutes ago, irv said:

How come, Trail? I mean she had record employment and growth numbers, so there must be something other than just people were tired and bored with her and wanted a new face and chose Doug's ugly mug over hers, no?. :news:

time for a change Wynne herself lost the confidence of a lot ot people at decade and a half, tough when you in so long  - besides those numbers for most people mean nothing 

 

Its just too bad Doug sleezed his way in in the last minute, could have done better as there was no doubt Conservatives were going to win

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7 hours ago, 1trailmaker said:

time for a change Wynne herself lost the confidence of a lot ot people at decade and a half, tough when you in so long  - besides those numbers for most people mean nothing 

 

Its just too bad Doug sleezed his way in in the last minute, could have done better as there was no doubt Conservatives were going to win

So, that was it, people were just tired of her and nothing more? :dunno: And because they were so tired of her she lost the election so bad her and her party even lost official party status? :lol:

What a head case you are, Trail. :lmao:

 

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1 hour ago, irv said:

So, that was it, people were just tired of her and nothing more? :dunno: And because they were so tired of her she lost the election so bad her and her party even lost official party status? :lol:

What a head case you are, Trail. :lmao:

 

Yes 

Hydro reates alone - people need to blame someone in this case Wynne...

Doug is a master at manipulation and lies, such as 15 billion deficits and other lies really played a role in getting Wynne beaten so badly..

 

Are you trying to argue the economy wasn't good?  right now its the best ever according to Doug and nothing has changed except more unemployed 

 

Rare to be in power as long as Wynne was, usually 10 years is tops like with Harper

 

Good Chance Doug is gone next election and so will Trudeau - giving opposite governments

 

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2 minutes ago, 1trailmaker said:

Yes 

Hydro reates alone - people need to blame someone in this case Wynne...

Doug is a master at manipulation and lies, such as 15 billion deficits and other lies really played a role in getting Wynne beaten so badly..

 

Are you trying to argue the economy wasn't good?  right now its the best ever according to Doug and nothing has changed except more unemployed 

 

Rare to be in power as long as Wynne was, usually 10 years is tops like with Harper

 

Good Chance Doug is gone next election and so will Trudeau - giving opposite governments

 

So hydro rates alone were the only problem? No mention of the massive debt, cuts everywhere and driving businesses out of Ontario, among other things???

Keep reading the T.O. Star, Trail. They also couldn't believe, after all the good she had done for this province, that she was kicked to the curb like she was. :lol:https://www.thestar.com/opinion/contributors/2018/05/17/kathleen-wynne-was-the-premier-we-didnt-deserve.html

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7 minutes ago, irv said:

So hydro rates alone were the only problem? No mention of the massive debt, cuts everywhere and driving businesses out of Ontario, among other things???

Keep reading the T.O. Star, Trail. They also couldn't believe, after all the good she had done for this province, that she was kicked to the curb like she was. :lol:https://www.thestar.com/opinion/contributors/2018/05/17/kathleen-wynne-was-the-premier-we-didnt-deserve.html

ya debt too - what are you saying IRV we all know the Liberals lost the election :dunno: 

the debt will grow under FORD

deficit spending under FORD

the bottom line won't change IRV that is what a Master of manipulation can do, he made it seem he will cure all our woes this is not going to happen.

 

Once our debt reaches 400 billion in the next few years, will it matter too you?  I doubt it and you like all others here vote PC no matter what...... Blame wynne and vote ONEWAY... When the debt reaches 500 billion you again will vote for PC - it doesn't matter IRV 

 

Right now DOUG hasn't brought the deficit down 1 cent - he got caught lying and his own Minister pointed it out - The deficit is growing under FORD and you are all giddy abbout it.

Tell me IRV why is this okay 

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Give it up, Trail. Your constant deflecting from the topic and your blind admiration for the Liberals is sickening. 

And you call other's one ways on here. :lol:Seek help, somethings not right up stairs.  :snack:

Dunning-Kruger Effect: Why People Think They’re Smart Even When They’re Not

The Dunning-Kruger effect is a cognitive bias in which people believe that they are smarter and more capable than they really are. Essentially, low ability people do not possess the skills needed to recognize their own incompetence. The combination of poor self-awareness and low cognitive ability leads them to overestimate their own capabilities

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