Canada's debt to gdp

[errolanderson]

Does not Canada have a triple A credit rating? If so this indicates that credit rating agencies consider Canada to be in relatively good financial position. While government debt levels are a concern we are in better shape than many other countries. Better than the US.
Consumer debt and housing prices would be of greater concern because incomes are not rising as fast. Rising interest rates will be a big issue for many consumers as many have over spent on housing and vehicles.

Canada's triple A rating is a reflection of the past fiscal policy. At this rate of government debt explosion, the challenge may be whether a triple A rating is warranted in the future. The Bank of Canada can ill-afford to hike rates further in October (IMO) given record consumer debt and erupting gov't spending . . .

[LEP]

Ajl. Bingo. You win the prize. Therein lies the reason Germany put up with the eu bs.

[Klause]

It is a mistake to say we have no manufacturing and industry. A few years ago you couldn't find an employee because there was too many jobs going unfilled in Western Canada. We still have alot of ag manufacturing, aerospace, construction, tech jobs many of them in Western canada. We are short of skilled computer programmers. What about all the construction jobs as we replace aging infrastructure and housing?

We are overly dependent on resources. Commodities go up and down with supply and demand. We have seen this before and survived. Did anyone expect the out of control hyper boom to last for ever? That was unsustainable growth and not the norm. Our economy is still growing.

You're shitting me right?



Gdp numbers don't lie...

We do have some manufacturing out here... But little compared to the economy as a whole. You should travel the world Chuck... Your posts on here show you have zero understanding about economy industry or how things work...


Canada's industry has another problem too .. it's called constant screw ups.


Go find out about all the pipe evraz made for line 3 that didn't pass quality control and had to get re smelted.

We build air seeders drilling rigs rock pickers tarps and grain trailers... It's something but a far cry from real industrialization.


Even those times of labour shortage... Lots of people without work... Because they didn't want to take the jobs available.


There used to be a GM truck plant in Regina. We used to build cars... Engines... Ships... Washing machines.


My mother in law works in IT. There no shortage of skilled programers. There's a shortage of mature people. Millennials are horrible to work with they don't show up they are always on leave and there's no productivity.


IT is getting outsourced for that reason...


We have a major problem and until people like you get your heads out of the sand and see it acknowledge it and start doing something about it it will only get worse.

[furrowtickler]

Well said young man 👍👍

[bucket]

Klause

Remelted into rock pickers air drills and rollers. ....lol its a good recycle program....environmentalists would love it.....

Lmao....

Probably the pipe sat and the specs changed..


..

[chuckChuck]

You're shitting me right?



Gdp numbers don't lie...

We do have some manufacturing out here... But little compared to the economy as a whole. You should travel the world Chuck... Your posts on here show you have zero understanding about economy industry or how things work...


Canada's industry has another problem too .. it's called constant screw ups.


Go find out about all the pipe evraz made for line 3 that didn't pass quality control and had to get re smelted.

We build air seeders drilling rigs rock pickers tarps and grain trailers... It's something but a far cry from real industrialization.


Even those times of labour shortage... Lots of people without work... Because they didn't want to take the jobs available.


There used to be a GM truck plant in Regina. We used to build cars... Engines... Ships... Washing machines.


My mother in law works in IT. There no shortage of skilled programers. There's a shortage of mature people. Millennials are horrible to work with they don't show up they are always on leave and there's no productivity.


IT is getting outsourced for that reason...


We have a major problem and until people like you get your heads out of the sand and see it acknowledge it and start doing something about it it will only get worse.

We have been shedding manufacturing jobs for a long time. Mexico, China have taken a lot of jobs because of lower wages and costs. We also became uncompetitive because of a higher currency based on high priced oil and other commodities. What is your plan to get the lost jobs back?

[chuckChuck]

You're shitting me right?



Gdp numbers don't lie...

We do have some manufacturing out here... But little compared to the economy as a whole. You should travel the world Chuck... Your posts on here show you have zero understanding about economy industry or how things work...


Canada's industry has another problem too .. it's called constant screw ups.


Go find out about all the pipe evraz made for line 3 that didn't pass quality control and had to get re smelted.

We build air seeders drilling rigs rock pickers tarps and grain trailers... It's something but a far cry from real industrialization.


Even those times of labour shortage... Lots of people without work... Because they didn't want to take the jobs available.


There used to be a GM truck plant in Regina. We used to build cars... Engines... Ships... Washing machines.


My mother in law works in IT. There no shortage of skilled programers. There's a shortage of mature people. Millennials are horrible to work with they don't show up they are always on leave and there's no productivity.


IT is getting outsourced for that reason...


We have a major problem and until people like you get your heads out of the sand and see it acknowledge it and start doing something about it it will only get worse.

I am not sure where you are getting your information from. Perhaps it is you who are not well informed?
Klause, take a look at the following link:

www.investorsfriend.com/canadian-gdp-canadian-imports-and-exports/

In 2016 manufacturing is the second largest sector in the GDP after Real estate selling, renting and leasing. This is larger than mining, oil and gas combined. Our number one export is still motor vehicles and parts closely followed by energy. Both are much larger than saying farming and intermediate food products.

Canada is considered an industrial Country. Can we do better? Absolutely. But being overly dependent on energy exports puts us in a vulnerable and perhaps unsustainable situation.

[tweety]

If the US stops buying Cdn goods we are beyond screwed. 77% goes to them.

[grassfarmer]

If the US stops buying Cdn goods we are beyond screwed. 77% goes to them.

Or not....we would send stuff elsewhere, adapt and find new markets as trade always does. The US has been the low hanging fruit because of its proximity.

[ajl]

The US is the only market in the world that actually buys stuff. Everyone else is export only and everyone is trying to devalue currently to export more to the US. You can try export else where but nobody gonna buy your stuff any where else. World trade lesson over.

[Klause]

I am not sure where you are getting your information from. Perhaps it is you who are not well informed?
Klause, take a look at the following link:

www.investorsfriend.com/canadian-gdp-canadian-imports-and-exports/

In 2016 manufacturing is the second largest sector in the GDP after Real estate selling, renting and leasing. This is larger than mining, oil and gas combined. Our number one export is still motor vehicles and parts closely followed by energy. Both are much larger than saying farming and intermediate food products.

Canada is considered an industrial Country. Can we do better? Absolutely. But being overly dependent on energy exports puts us in a vulnerable and perhaps unsustainable situation.

Really??? You're still harping on the energy sector??? The largest single portion of the economy of this country relies on buying and selling worthless overpriced houses.... And you're complaining about the energy sector???


Half of our GDP growth comes from effing real estate!!!

http://www.ctvnews.ca/business/as-economy-shrinks-real-estate-now-accounts-for-half-of-all-gdp-growth-1.3008105


Now instead of reading crap read stats can's gdp by sector report.
http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/gdps04a-eng.htm

[Klause]

We have been shedding manufacturing jobs for a long time. Mexico, China have taken a lot of jobs because of lower wages and costs. We also became uncompetitive because of a higher currency based on high priced oil and other commodities. What is your plan to get the lost jobs back?

Euro that Germany uses is way hogher than CAF. Poor excuse.


Real reason we lost all those vehicle jobs? Unions. Plain and simple. Demanding too much way to edpe sive to build cars ere so all the cheaper mass production leaves

Here's the problem. A million people making $24 an hour are worth far more to the economy than 50,000 making $60. UAW didn't figure that out



You need to go live in another country chunky.

[perfecho]

Well Klause, can't let you get away with that one...even though not a big union supporter, but like many things,,, they have there place. And, if you don't think the major companies have pacts and agreements to guarantee profits.....why are we paying a buck a liter when oil is at less than $50? That's not a union...??
Was heavily involved in oilfield business ....many times a product could be sourced from China and a few more bucks could be had, it often went that way...and the sell price didn't go down....it was wherever the best buck could be made....right or wrong...inferior or not...
So, should only business owners be entitled to profit? Why should only business owners be entitled to a decent level of living? Why do many think that just because it is cheaper to manufacture in a country that doesn't value safety, basic human rights and pay their workers a decent wage, they should be able to capitalize and make even more profit, even though it hurts your own country to do so....and yet they cry foul if a competitor from another country infringes on their territory.
This is why unions do get support....and I personally, would like to live in a country where everyone worked on raising the bar for all....not just themselves. Many companies who treat their workers with dignity and respect, don't have to worry about a union....
Germany pays high wages to auto workers...and does very well....why not use that business model?

https://www.forbes.com/sites/frederickallen/2011/12/21/germany-builds-twice-as-many-cars-as-the-u-s-while-paying-its-auto-workers-twice-as-much/#32881f056b78

[tweety]

Really??? You're still harping on the energy sector??? The largest single portion of the economy of this country relies on buying and selling worthless overpriced houses.... And you're complaining about the energy sector???


Half of our GDP growth comes from effing real estate!!!

There is no bubble Klause. BMO says its all good. Rock solid real estate in Canada

[URL="http://business.financialpost.com/investing/trading-desk/canadian-housing-market-bubble-has-ceased-without-a-crash-landing/wcm/f1e899d9-1f98-4513-94ab-f7a5fce42b82"]http://business.financialpost.com/investing/trading-desk/canadian-housing-market-bubble-has-ceased-without-a-crash-landing/wcm/f1e899d9-1f98-4513-94ab-f7a5fce42b82[/URL]

[foragefarmer]

Sort of like there's no bubble in farmland values here in Western Canada. No need to just look what buyer's are paying for homes in the major cities, what are you guys or your neighbor's paying for farm land. When the real estate bubble pops so does the farm land. Interest rate hikes will do it to both!!