Canada’s economy unexpectedly shrinks as resource sector stalls

[jazz]

Falling resource production was the main culprit, with the mining and oil and gas sector down 1.6% — its sixth consecutive drop

https://business.financialpost.com/news/economy/update-1-canada-economy-unexpectedly-shrinks-in-feb-mining-and-rail-transport-weaker Canada’s economy unexpectedly shrinks as resource sector stalls

Surprise surprise grass and chuck. Turns our oil and resources are important to our economy just like we told you. Guess that green economy isn't panning out even with the carbon tax. You guys are addicted to liberal koolaid.

[SASKFARMER]

Yep he is a idiot

[Hamloc]

According to Statscan we have the lowest unemployment rate in Canada in over 40 years. Trudeau constantly brags about how good the Liberal government has been for the economy. Yet for the last 2 quarters economic growth has stalled and they are still running deficits. Something doesn't appear to add up. Now in Alberta things aren't quite as rosy. Calgary has the highest unemployment rate of any major city in Canada. Oil investment has fled to more profitable jurisdictions. Maybe oil is more important than all the naysayers on the left let on. Well duh!!!!!!!

[jazz]

According to Statscan we have the lowest unemployment rate in Canada in over 40 years. Trudeau constantly brags about how good the Liberal government has been for the economy.

The unemployment rate is an illusion. 10:1 govtrivate jobs have been created federally and provincially and all funded off debt. Plus our new immigrants are working the hotels and cleaning services and take out windows so not much wealth being created off low skill work.

https://www.ctvnews.ca/politics/deficit-for-last-year-to-be-800-million-more-than-liberals-predict-pbo-says-1.4401770 Deficit for last year to be $800 million more than Liberals predict, PBO says

OTTAWA -- Parliament's spending watchdog says last year's federal deficit was $800 million more than the Liberals said it was in their most recent budget.
In a new report, the parliamentary budget office says the deficit for the 2018-2019 fiscal year, which ended in March, will end up at $15.7 billion because of lower-than-expected revenues.
This year and the following three, the PBO predicts deficits will be on average $700 million higher than the Liberals outlined in the budget tabled last month.

[grassfarmer]

The link provided some interesting reading and you had to dig pretty hard to find the bad news in it.

GDP fell 0.1% in February after gaining 0.3 in January - so we are still up since the start of the year.

More interesting was the further link contained within the article wondering what's happened to the deficit. Feds are running a $3.1 billion surplus with one month remaining of the financial year. The projection for the year was a $14.9 billion deficit. Revenues were up 8.5%, program costs were up only 4.8%. Hardly the disaster some of you are trying to portray.

[Guest]

Yea it all looks great , never looked better

[jazz]

The link provided some interesting reading and you had to dig pretty hard to find the bad news in it.

It contracted several months at the end of 2018 as well. January likely the after effects from xmas. Points to an economy on track for GDP well under inflation. In other words technical recession.

[hobbyfrmr]

“Unexpectedly shrinks”!
Seriously?
Sabotage the energy industry...the backbone to Canada’s economy for 75 years and expect growth?
Agriculture does not mean anything to anybody in Canada, but a few ancillary industries might feel a little discomfort next spring.

[jazz]

Population of Canada - 36.3 million
Population of Texas - 27.6 million
Canada 2018 GDP - 1.651 trillion US
Texas 2018 GDP - 1.639 trillion US

[sumdumguy]

How can the Canadian economy shrink when Oprah Winfrey is going to grace Calgary with her highness on June 19? Hope Notley, the 🦖 sticks around so Oprah can see what a real dinosaur looks like.