Canada's Economy Shrinks . . . .

[macdon02]

If cad goes much below orrrrrr .... If DX goes up in combination. (Thinking more juice in DX then CAD) past the point that foreign money started pouring into the Vancouver and Toronto housing market. The Bank o ****ing Canada will single handedly completely screwed the equity out of the cities housing market by increasing rates prematurely then increasing rates a second time because unicorn farts and sunny ways pay the bills(unlike pipelines). Chinese and European $ will run from this country so fast we'll be at .49 before the end of '18. The focus isn't Canada, it's the Sunami of cash pouring into USD (DJ, S&P, NASDAQ). It's the only game in town. It's nothing to do with Trump, unless you believe govt controls economy for the better.... We are collapsing from the outside in, due to ****ing retards with zero life experience in how markets work, running the show. Would love to hear cotton chime in about now

[errolanderson]

Massive government infrastructure spending which has tripled from $10 to $30 billion appears unable to sustain economic growth. Tax payers are now on the hook for the bill over the next several years. To me, this is failure of outdated Keynes economics and it comes at a high cost that can drive economies into a severe recession. Welcome 2018 . . . .

[Rareearth]

Infrastructure is always a good investment, come on Errol run it into the ground? Way better investment than Family Allowance cheques, free day care, etc. I’ll probably regret using those two examples.

The markets, investment funds, general investors are fully invested, they don’t have any cash left to invest.
The volatility is at historic lows, VIX. The big traders, hedgers, investment fund companies are having a tough time making money, the bets they have to make(investments) are Mach larger and riskier than they have ever been, to try and show profits.

[errolanderson]

Infrastructure is always a good investment, come on Errol run it into the ground? Way better investment than Family Allowance cheques, free day care, etc. I’ll probably regret using those two examples.

The markets, investment funds, general investors are fully invested, they don’t have any cash left to invest.
The volatility is at historic lows, VIX. The big traders, hedgers, investment fund companies are having a tough time making money, the bets they have to make(investments) are Mach larger and riskier than they have ever been, to try and show profits.

Government reportedly has a surplus $1.6 billion in surplus funds for infrastructure right now. Not enough projects to spend the debt-driven money. Good investment or irresponsible spending?

[biglentil]

2018 is going to be a doozy. Chinese petro yuan convertable in gold, flat lined economies, an oil supply shock due to lack of investment, cryptocurrency boom, a North Korean preemptive strike. The ole metrics do not apply throw the textbook out the window and buckle up!

[Rareearth]

Errol what infrastructure projects that were completed were irresponsible:
20 years ago?
10 years ago?
Last couple of years?

Infrastructure is the fabric that builds a country. It’s what builds a economy, business, jobs, etc a standard of living that many in the world envy, work-life balance, etc.

Timing is always a issue, would have, could have, should have. Is there ever a good time, for the expense or other priorities

What projects should be torn down, as they aren’t needed, or to costly to maintain, etc ?

[ajl]

2018 is going to be a doozy. Chinese petro yuan convertable in gold, flat lined economies, an oil supply shock due to lack of investment, cryptocurrency boom, a North Korean preemptive strike. The ole metrics do not apply throw the textbook out the window and buckle up!

That would be the petro yawn not yuan. China has bigger debt problems than the US does. China is forcing their oil suppliers to take yuan not US dollars as China can't buy $USD at the moment. Both Saudi and Russia would prefer the USD, as would I, since it is a better store of value, but China aint got it and those guys don't have any other markets.

[macdon02]

That would be the petro yawn not yuan. China has bigger debt problems than the US does. China is forcing their oil suppliers to take yuan not US dollars as China can't buy $USD at the moment. Both Saudi and Russia would prefer the USD, as would I, since it is a better store of value, but China aint got it and those guys don't have any other markets.

Don't be surprised when the headlines read China owns Saudiaramco.

[errolanderson]

Errol what infrastructure projects that were completed were irresponsible:
20 years ago?
10 years ago?
Last couple of years?

Infrastructure is the fabric that builds a country. It’s what builds a economy, business, jobs, etc a standard of living that many in the world envy, work-life balance, etc.

Timing is always a issue, would have, could have, should have. Is there ever a good time, for the expense or other priorities

What projects should be torn down, as they aren’t needed, or to costly to maintain, etc ?

Rareearth, Your point is well-taken. But in my view, infrastructure spending is a balance. It should not be the reason why Canada's GDP of 4.5% is leading the G7 while government scrambles for more business tax.

[samhill]

Canada's economy

Immigration to Canada is forecast to increase over the next three years to 340,000 per year by 2020.
Should help grow the economy s bit.

[sumdumguy]

Immigration to Canada is forecast to increase over the next three years to 340,000 per year by 2020.
Should help grow the economy s bit.

You mean increased immigration will drain the social programs. Can you hear the sucking sound?