50 Charts about Canadian economy

[dmlfarmer]

In December McLeans magazine asked 50
Canadian economists and financial analysts to present what they felt was the most important economic chart for Canada in 2016. Here are there 50 charts and their explanation of why this chart is important to Canada's economy. http://www.macleans.ca/economy/economicanalysis/the-most-important-charts-for-the-canadian-economy-in-2016/

[ajl]

Nothing new here and pretty much all bad news. Canada is merely a third world country pretending to be first world with the credit card. How long that lasts is anybody's guess.

[grassfarmer]

You should go live in a third world country to find out how wealthy and prosperous Canada really is.

[ajl]

Wealthy and prosperous it was. Reality in Canada is now just debt. Bank of Canada stole from savers to subsidize speculators last year twice and will do it again in 2016 with Canuckistanian QE. I would like to see market interest rates return and then it will be apparent who is creating wealth and who isn't. Real estate inflation is not creating wealth but the only game in town now.

[Hamloc]

Canada's total net debt including provinces is now 1.28 trillion. As a country we payed just over 60 billion to service this debt in 2015. We have added 450 billion to our debt since 2007-2008, About 1/3 of that federally the rest provincially. The future of our youth is being spent today!!

[ajl]

Ham has summed it up. To avoid heading into the third world for the kids we need to stop the printing press and allow the market to set interest rates and then cut government spending to the point that the debt is being paid down slowly right now. That will have the effect of reducing real estate values to less than half the current as there will be no inflation expectations. A lot of the current rich will be not be happy with this but it is what needs to be done now in order to avoid the fate of Greece. Even then it will be too little too late.

[bucket]

Good idea but does that mean equipment fuel fertilizer chemical freight charges lower as well?


Farmers can't be the only guys taking a wage rollback while the middle man and end users live well.

No one else is tightening their belts that I can see.

[hobbyfrmr]

Bucket, thats the sickly beauty of long term farming . Margins are small, so produce larger volumes and farm more land more efficiently to capture enough margin to supply a good living to yourself and family. Everything else in between is where the risk lies. Weather, currency exchange, weather, rail service, weather, world commodity prices and weather.
The alternative is to hide the discrepecies in a more modest lifestyle and some disciplined spending and saving (ha ha) habits.
The large farms around here are doing a very good job of managing and they are accepting the rewards , like travel and recreation and comfortable dwellings now instead of being too old to live in the grandeur they have planned to earn. Basically so has the average Canadian citizen. YOLO baaaaaaaayybe !

[SASKFARMER3]

Just looked at a house in Cabo along a golf course ocean view 9000 sq foot. Yea won't happen for this farmer! And most farmers 2.6 mill USA! But a dealer or Chem company oh yea it's attainable! New fishing boats start at 68000 up to 800000 to a yacht at 1.8 Ok not a fishing boat.
Basically it's a whole new world.

[bucket]

How long before the newer form of prairie pools light up again so farmers can capture some of the middle man margins?


Had the cwb been sold to farmers instead of and end user/foreign country government, I think we would have been capturing some of those margins.

Although all it really would have took was ritz to change the legislation for the former cwb to own handling assets.

Still can't believe there was no dividend on the sale of the rail cars considering what prairie farmers paid in maintenance costs. That was a good example of how P3 projects will turn out.

[hobbyfrmr]

Being "on the farm" so long, I lost touch as to how much money is being made in mainstream society. Salaries are high, why not spend it? Why live like a hobo if you dont have to?

[farmaholic]

Mean while, here in the slum.....

[bucket]

Hobby

The problem is western farmers overpaid maintenance costs that should have went to ownership.

Funny how that worked out. We overpaid but the government/railways kept the money. Then ritz said there was more owing on the cars than they were worth.

Something never added up. And no one knows where the cars are either.

[SASKFARMER3]

Also like to comment on guys who say they like to travel and stay where locals are!
Here is my question would you check in to the hotel sask or rent a home just by Taylor field! Just saying.

[farmaholic]

I don't have to check in anywhere to realize my social caste...