Canada lost 70,000 jobs last month

[rumrocks]

The liberal government must have used slight of hand tactics to keep those numbers from the voters in October. Socialism at it's best.

This government reminds me of a bunch of drunken sailors out on the ocean, trying to stay warm by burning the wood from the boat. Very selfish and short sighted, willing to take a large part of the population down with them. I'm extremely disappointed in one particular group of voters.

[SASKFARMER]

GTA and Montreal and maritime’s

[jazz]

A recession is already here. Job losses of that magnitude and a 1.3% GDP less than inflation

Skippy is probably road kill here but lots of damage and pain to come before dumbasses in the rest of the country wake up

Trump targeting us with more sanctions too. I hate to wish pain on the country but so be it.

[errolanderson]

A recession is already here. Job losses of that magnitude and a 1.3% GDP less than inflation

Skippy is probably road kill here but lots of damage and pain to come before dumbasses in the rest of the country wake up

Trump targeting us with more sanctions too. I hate to wish pain on the country but so be it.

Agree Jazz . . . Canada has already been in-recession for the past two (2) years Rose coloured glass comments from the Bank of Canada this week are frustrating and smell totally of politics. We are heading into a difficult economic state with chronic unemployment without a serious change in government attitude toward business in this country.

[bucket]

Agree Jazz . . . Canada has already been in-recession for the past two (2) years Rose coloured glass comments from the Bank of Canada this week are frustrating and smell totally of politics. We are heading into a difficult economic state with chronic unemployment without a serious change in government attitude toward business in this country.

You mean we shouldn't be running deficits if the economy is strong? WTF?

[jazz]

US Media having a good laugh at Trudeau today. Some declaring US won the trade war with more than 50,000 new manufacturing jobs returning.

[blackpowder]

Not sure who's got the stronger Kool aid.
Trewdohh or Trump.
I know which one tastes like bs though

[SASKFARMER]

I agree with Errol we either have to get people back to real work and real jobs or the January numbers are going to hit 100000. Saskatchewan companies are going to start layoffs in AG sector jobs come January. Watch.
Salesmen, mechanics, parts men etc. Grain reps crop reps etc.

Oil gas and mining will also add to that number. But the trades and suppliers are going to have to lose some people to keep afloat and that also will be January.

Sunny ways and gay parades don't work for a healthy working country.

Trudeau is a failure of epic proportions and will go down as the most useless PM in all of Canadian history.

Chuck and grass any comment or are you realizing Trudeau is a Cancer that is killing Canada.

[chuckChuck]

If you are going to blame politicians for all the ups and downs in the economy and job losses it looks like Harper was worse than Trudeau!

Month to Month changes are volatile. Its the long term trends that are important.

[chuckChuck]

One of the observations I have and maybe Errol can comment on this is the resource sector jobs come and go depending on commodity prices and supply and demand which are mostly a function of world markets.

The down turn in the oil and gas sector is significant but don't we have to remember that the preceding boom ramped up the economy and jobs significantly. High prices attracted increased production and supply. And growth in China slowed down. Large booms usually are followed by a bust.

Now oil companies are facing serious headwinds from lower prices. Pipeline constraints have added to the lower prices in some cases, but integrated oil companies in Alberta are still making good money.

But some oil companies are laying off workers and curtailing investments only to improve their bottom line so so shareholders see some benefits. This has added to the job losses.

Alberta grew tremendously based on a boom that didn't last. Its the classic tale of a boom and bust economy.

Many partisan voters seem to have short memories as the sharp drop in oil prices occurred while Harper was in power.

Trudeau is not well liked in Western Canada no matter what he does.

But as I have pointed out before politicians don't control the entire economy or world prices for commodities.

[Hamloc]

[ATTACH]5327[/ATTACH]

If you are going to blame politicians for all the ups and downs in the economy and job losses it looks like Harper was worse than Trudeau!

Month to Month changes are volatile. Its the long term trends that are important.

Chuck what would a chart for the U.S.A. look like over the same time frame?

[chuckChuck]

Find one and post it.

But remember the US economy is not as dependent on the oil industry as is Canada. They have a large internal economy. They have also pumped billions of dollars into their economy with QE and borrowing.

Their debt to GDP ratio is higher than Canada's and increasing. Ours is lower and projected to fall.

Errol noted a while ago that US oil companies are also struggling in the tight oil plays as profitability has declined as well. Its not all roses south of the border.

[Hamloc]

One of the observations I have and maybe Errol can comment on this is the resource sector jobs come and go depending on commodity prices and supply and demand which are mostly a function of world markets.

The down turn in the oil and gas sector is significant but don't we have to remember that the preceding boom ramped up the economy and jobs significantly. High prices attracted increased production and supply. And growth in China slowed down. Large booms usually are followed by a bust.

Now oil companies are facing serious headwinds from lower prices. Pipeline constraints have added to the lower prices in some cases, but integrated oil companies in Alberta are still making good money.

But some oil companies are laying off workers and curtailing investments only to improve their bottom line so so shareholders see some benefits. This has added to the job losses.

Alberta grew tremendously based on a boom that didn't last. Its the classic tale of a boom and bust economy.

Many partisan voters seem to have short memories as the sharp drop in oil prices occurred while Harper was in power.

Trudeau is not well liked in Western Canada no matter what he does.

But as I have pointed out before politicians don't control the entire economy or world prices for commodities.

Chuck there was 3 provinces that lost a lot of jobs in the latest report, B.C. lost 18000, Alberta lost 18000 and Quebec lost roughly 45000. Two of those three have very little to do with oil and gas jobs. A lot of what Quebec lost was manufacturing jobs. Right now in B.C. a lot of lumber mills are shutting down. I think business is going where it can make the greatest return. Taxes and regulation continue to cost business more and more in Canada.

[chuckChuck]

Chuck there was 3 provinces that lost a lot of jobs in the latest report, B.C. lost 18000, Alberta lost 18000 and Quebec lost roughly 45000. Two of those three have very little to do with oil and gas jobs. A lot of what Quebec lost was manufacturing jobs. Right now in B.C. a lot of lumber mills are shutting down. I think business is going where it can make the greatest return. Taxes and regulation continue to cost business more and more in Canada.

Well noted. That's why Trump is protectionist now. Many jobs lost to lower cost manufacturers in China and Mexico. Multinationals don't really care where they invest. Its a global economy. Canada still has many advantages. But the corporations are playing us off against lower wages, lower labour stanadards and environmental standards. How low do we want to go to attract investment?

[jazz]

Lets put this into real perspective. In 3 yrs, Trump has increased the US economy almost the size of Canadas entire economy that took 150 yrs to build.

Absolutely astounding. He is going to asbsolutely destroy china now.

54,000 manufacturing jobs that guys like chuck said were enver coming back, came back.

There is chatter now that chinee companies may have to move operations to the US now to hang on to their customers. Just amazing what this man has accomplished. But its all lost on stunned socialists.