Canada In-Recession

[farming101]

What a poorly composed article. Produced for nothing I would hope. That's all it's worth

[chuckChuck]

What a poorly composed article. Produced for nothing I would hope. That's all it's worth

Is that because it doesn't fit with the story that low oil prices are all Trudeau's fault?

Many commodities outside of energy that are unaffected by a lack of pipeline capacity are also lower in price because of reduced demand.

The US and many other economies are better off when energy prices are lower. Canada and other large oil producing economies especially in Western Canada are somewhat worse off.

Lower fuel prices are definitely better for farmers and other energy dependent businesses. Or would you rather have higher oil prices so that the oil producers and refiners can make more money?

[farming101]

The world price of oil has never been set in Canada.
Demand for oil has never been higher than right now and the price for oil is a lot lower than the all time high, yet the commentary focuses on demand as the driver for oil prices. There are many other factors that go into the price of a barrel of oil.

[tmyrfield]

Canada's economy now at-a-halt . . . .

Released this morning . . . Canada's grew by just 0.1% in the 4th quarter, the worst quarterly performance in 2 1/2 years.

And these numbers are flattering as the only reason Stats Can was able to present a +0.1% number was build in company inventories as goods stockpiled. Canada likely already in a fairly deep recession (IMO).

Loonie under fire today . . . .

more good news
https://ca.finance.yahoo.com/news/canadian-dollar-slumps-gruesome-gdp-163313281.html https://ca.finance.yahoo.com/news/canadian-dollar-slumps-gruesome-gdp-163313281.html

[AlbertaFarmer5]

What a poorly composed article. Produced for nothing I would hope. That's all it's worth

The article isn't poorly written, it is cleverly, and purposefully deceitful, aiming at a target audience, who laps this stuff up because it fits their agenda, case in point with the cut and paste poster here today.

quote from the article: so its lower oil demand refering to China.

Does this look like lower demand to you?


And it grew by 150,000 Bbl per day in 2018, projected at 400,000 bbl/day growth in 2019.

[tmyrfield]

And just wait for 1st quarter U.S. data to be released . . . won't be even close to White House and Wall Street market expectations (IMO).

North American banks feeling-the-heat as consumerism, housing under intensifying financial microscope.

What you say sounds plausible, however those nasty little stats often get in the way

https://www.breitbart.com/economy/2019/02/13/manufacturing-wage-growth-hits-highest-level-in-over-a-decade/ https://www.breitbart.com/economy/2019/02/13/manufacturing-wage-growth-hits-highest-level-in-over-a-decade/

[grassfarmer]

..... it is cleverly, and purposefully deceitful, aiming at a target audience, who laps this stuff up because it fits their agenda,

[ATTACH]3991[/ATTACH]

Kinda like your graphic hey?

If you read the figures it's nothing like doubled, in fact it's increased by @72% yet the measurement of the growth wedge indicates a 10 fold increase from the left side to the right side would indicate @900% increase by my reckoning.

[AlbertaFarmer5]

Kinda like your graphic hey?

If you read the figures it's nothing like doubled, in fact it's increased by @72% yet the measurement of the growth wedge indicates a 10 fold increase from the left side to the right side would indicate @900% increase by my reckoning.

I think most farmers have been navigating purposefully inflated and chopped off graphs purporting to indicate massive yield ( or weight) gains, to comprehend how to read a Y axis on a graph.*




And in this case, it was only intended to show direction, not magnitude. Since the original cut and pate left the reader believing that China's demand was dropping. Whereas what it should have said was that the rate of increase is slowing.*




You see this same wordplay used repeatedly, especially regarding debt, deficit, renewable power, climate etc. *

[jazz]

Why I advocate separation now and not a decade or two ago. Well first I was younger. But my eyes are wide open now.

Secondly relates to what Peter Zeihan has pointed out about Canada now, that's its rapidly aging except for AB/SK and we are going to be the piggy bank for Quebec and now Ontario all while our resources are being restricted and actively attacked. The west will be drained dry to serve the east and destroy ourselves in the process. The govt is now using western money to buy off people to come and live here. (notice how newcomers flock to where social programs are the best, supported by wester equalization). So they are controlling the money and the votes. That's a no go for me and only one way out.

[Rareearth]

Jazz if your keeping up to Peter the usa doesn’t need or even want Canada, they are a self sufficient nation and economy, they would take Mexico before Canada

[vvalk]

What you say sounds plausible, however those nasty little stats often get in the way

https://www.breitbart.com/economy/2019/02/13/manufacturing-wage-growth-hits-highest-level-in-over-a-decade/ https://www.breitbart.com/economy/2019/02/13/manufacturing-wage-growth-hits-highest-level-in-over-a-decade/

Agree. Errol why do you keep hammering on a recession in the USA. From what I see the economy there is going gang busters. Housing ownerships is on the way up lots of good numbers there and they seem to be doing much better then any other country

[jazz]

Jazz if your keeping up to Peter the usa doesn’t need or even want Canada, they are a self sufficient nation and economy, they would take Mexico before Canada

Not Canada, Alberta Sk parts of BC and MB and the north. Just the good parts. To us it s about our commodities but to the Americans its about security and creating a super state to counter the Chinese.