So... Which provice has been fingered by both RBC and the BMO to lead the rest of the country in economic growth this year? Hint: it's not Alberta.
So... Which provice has been fingered by both RBC and the BMO to lead the rest of the country in economic growth this year? Hint: it's not Alberta.
Secret off-shore account dividends?
WTF?
What is a Provice? (our fewchur?)
Yeah....so what happens in 2008,when N.L. is basically 0 again? Agree with Doug...WTF? BMO/RBC know something about Codpiece Williams we don't?
Danny and the duffsitters have their hands out no matter what.
I missed the celebrations for the ultimate in duffsitting days- aboriginal peoples day.
cant wait for dumbindian day , July 1, the day they signed away the country.
McGuinty can poor mouth for real and Danny Codswallop will not share so he can stay where he's to, we will not come where he's at to tour his rocky domaine, to hell with the greedy B**tard.
It's going to be hard on those Easterners who will have no excuse for sitting on their arses all winter. Those cold winds from the Atlantic can be brutal.
Speaking of "culture of defeat".........
They're not as poor as we were led to believe, either, Sean. :P
Yeh, yeh, yeh. My spelling sucks. Sue me.
It's a joke, folks, it's a joke - it's from the CBC, fer cryin' out loud!
If we're not as poor as you "were led to believe" than why have hundreds of thousands of us left for Alberta? I'm sure they were all running from their Mercedes' and solid gold houses in search of a simpler life. Who do you think is STAFFING the oilpatch in Alberta? Here's a hint: NEWFOUNDLANDERS.
In case you haven't noticed, 1.8% growth of 1000 is 180. 2.8% of 10 is .28. Poor is still poor, no matter how you mess with the statistics to try and prove otherwise.
Newfoundlanders will always be second class Canadians. I may be going to medical school, but I guess in all of your eyes I'll never be anything more than a welfare bum.
But what happens when the oil runs out not long from now?
"The Rock's very own cliffhanger: offshore oil"
http://www.rbcinvest.theglobeandmail.com/servlet/ArticleNews/PEstory/LAC/20070622/COSIMP22/Columnists/columnists/columnistsNational/2/2/2/
Mark
Ottawa
"If we're not as poor as you "were led to believe" than why have hundreds of thousands of us left for Alberta?"
Because we're "hipper" than you are.
*strut*
[smacks forehead] DUH!
OF COURSE their ecnomy will grow! Once they get their hands on a big fat juicy equalization payment from Alberta.
"If we're not as poor as you "were led to believe" than why have hundreds of thousands of us left for Alberta?"
That is the question you should be asking good old Danny boy. The amount of money and make work government jobs that have been poured into the Atlatic region would make an Aboriginal blush. (except the job part)
How much money does it take to make this region selfsuffient? More than we got if history is any indicator.
It is too easy to blame somebody else than to see what you could do better. The hardworking NF boys working in the patch already figured that one out.
Worked with a Newf in the patch in 1975. He never went back. Worked so hard and amused so many people that he made driller in record time. I wonder if all of the good hard workers have already left the rock.
My hat is off to the "Rodney's out here". Finer people (generalizing) are hard to find. Even when he ate stinking mackeral, bones and all out of a can, we hung out with him. Finished our lunches then ran outside and barfed up our grease covered sandwhiches.
Ontario is languishing? Re-elect McGuinty and reap the rewards.
Hey Danny, better start promotin' the GAY pride parades and party atmosphere of the ROCK.
Makes lots 'o money that GAY tourism for T.O.
Better chance at success than hydronic grown cucumbers...........
The disparity between 2007 and 2008 is easily explained by a long-time newfie. In 2007 we work,in 2008 we get the pogey. I'se the by' that built the boat and I'se the by, that sunk her, the next year.
This is a dumb CBC story.
5.0% of diddly is squat.
And Ontario is "poor"? HA!
What clowns are writing this stuff?
How bout using DOLLARS instead of percentage.
Then we will see the real effect of 1.8% growth in the Ontario GDP, versus whatever NFLD puts out.
dante: dey all left for alberta for da E Z mun E.
good for you being in medical school..most of us just think its time for danny boy to stick a sock in it and that goes for i'm a poor socialist lorne also.
More tripe.
Tell ya what. I will take 4.6% of Alberta growth over 7.5% of Newfoundland growth. I'll take .46% Alberta growth over 7.5% Newfoundland growth.
Lousy attempt at a troll.
It is apparent that many people lack a basic understanding of economics... I would love to have some of the people here work for me. It seems that I could start someone off at $8/hour, offering them a "whopping" %10 raise a year for the first 2 years and they would be thrilled... rather than paying them $40/hour with a %2 raise a year forever... who would be better off? The difference folks is an economy that's been working for years versus an economy that's just getting started... I don't see anyone complaining about the double digit growth in most of Asia...
Personally, I like to think of equalization as a tax on soulless profit-driven assholes. Those of us appreciating Canada's real resources on the East Coast(arts, community pride, heritage) won't suffer when the oil boom sinks.
Honey,I'm home what's for dinner? Oh,I boiled up a bit of arts and pride,your favorite,heritage is for dessert. Why don't you relax and I'll fix you up a glass of righteous indignation. Cheers.
Putting things in the right perspective, NL's average age in now 41! They are the first province where deaths are greater than births. The majority of people between 20 and 40 have moved to the EZ money in Alberta and the jobs that are not available in NL.
"Yeh, yeh, yeh. My spelling sucks. Sue me.
Posted by: Sean at June 22, 2007 4:06 PM "
Hang on Sean...I think I got Winky Kinky on my speed dial somewhere here...ahhhh yes...leftoids united.
Those of us appreciating Canada's real resources on the East Coast(arts, community pride, heritage) won't suffer when the oil boom sinks.
Don't forget the sour grapes.
Newfoundlanders will always be second class Canadians.
That's bullsh__
After all, Cape Bretoners are just Newfies with their brains kicked-out, so the NFLDers always have someone to look down on.
And, yeah, out west, there ARE a lot of Newfies working the oilpatch and they're not just using their physical skills learned from bashing baby seals - many are engineers and tech people that couldn't find work back east.
the pressing of sour grapes into whine has been their largest source of income.
And Ontario doesn't gripe over anything?? Facts: Several billon dollars in auto industry bailouts, billons of federal dollars spent in Ottawa on public servant salaries, consultants, etc... Ontario is, by leaps and bounds, the prime beneficiary of the operation of the Federal Government and related spin-offs. To pick a single industry - all banks are run out of Ontario - so all the profits from the fees paid by the rest of the country go to Ontario... looking at the whole picture, Ontario does quite well and yet has quite a talent to "press sour grapes into whine"
Plainly this is good news for Newfoundland and Labrador, but one has to bear in mind that this is the growth RATE. Thus, if I got 30% on the previous exam and you got 90% and your grade goes up 9 to 99% and mine goes up 6 to 36%, my growth RATE is double your growth rate, even though your increase was larger in absolute terms.
One also bear in mind that the per capita debt in Newfoundland and Labrador is somewhere around four tmes the national per capita debt. There is a lot of ground to make up.
"If we're not as poor as you "were led to believe" than why have hundreds of thousands of us left for Alberta?"
99% of the Newfies I've met out here have been absolutely outstanding people. Smart, hard-working, good hearted, and a boon to whatever community they land in. You need to ask Danny Millions why he's so intent on chasing these people elsewhere. You need them.
"Those of us appreciating Canada's real resources on the East Coast(arts, community pride, heritage) won't suffer when the oil boom sinks."
Good luck paying for it without transfer payments. As a semi-pro photographer I'm aware of just how hard it is to make ends meet as an artist. I spend most of my time fixing computers and installing rural high-speed Internet to put groceries on the table.
Someone has to pay the piper.
actually I agree Ontario is the prime beneficary of the status quo. The rape of the west through 30% of its income going to tax and other subsidies for the east has an ontario adminstrative burden all over it even when the money is transferred to quebec or the maritime duffsitters.
ontario has held off the whine because its share of the benefits is so insidious.
For many years before the oil boom, Alberta relied heavily on the rest of the federation for assistance, and when they started to do okay, assistance continued until their economy was solid. It is a very uninformed opinion that accuses the eastern provinces of being "duff-sitters", just as it is uninformed to say that everyone in BC is high, and everyone in Alberta is a redneck, etc.. It is also uninformed to suggest that 30% of anyone's income is being sent "east". Many national organizations operate and are heavily funded - federally - in the west - first to mind is the military, national parks, infrastructure projects, etc.. that's not to say that everything is perfect - but it has never been perfect - Does it need to be perfect? Probably not, but it should be reasonable. This means looking at facts, looking to the future, and avoiding demeaning or objectifying language.
I was born and raised in newfoundland until I was 10, lived in Alberta until I was 18 and have lived in Ontario going to school for the last 3 years. I feel I am in a good position to have an objective view on this and related issues.
To put it simply. Newfoundland is a third world province. The people are hard working and prove it by moving thousands of miles away to work in the oil sands, any posters who have met newfie oil workers would know this.
Another thing few people realize is that Albertans see very little benefit from the boom there. They are much better off than newfoundlanders, but compared to people in ontario, the difference in quality of life is still incredible. People in Ontario, as far as I can tell, are far better off than any other in the country. Lower growth rates or not.
The fact that NFLD has a higher growth this year means very little and probably very little will change there.
And TED TURNER get farm substdies and he hasnt ever set his foot on a farm and has never ever dose one bit of farm work ever
Howe (sic) did Ontario make its great leap forward?
From “Loyal She Remains: A pictorial history of Ontario”(pg.462) we read; “When the war began, Ontario’s manufacturing complex was just beginning to emerge from the Great Depression. By War’s end , immense enlargement had taken place – chemicals, synthetic rubber, steel and textiles required by the armed forces gave manufacturing a tremendous “ stimulus.
In 1940 C D Howe became minister of munitions and supply , to run Canada’s wartime effort. With the blessing of Mackenzie King , Howe and his group created 32 crown corporations to support the war effort. None of these crown corporations were set up in the Maritimes.
In 1944 Howe was asked to preside over Canada’s post war reconstruction, that is, to convert the wartime production plants to peacetime production.
Hundreds of millions (billions in today’s dollars) of dollars were pumped into Ontario to bring about the conversion to peacetime production. Ottawa used the taxes of all the people of Canada to achieve this transition, which primarily benefitted the Province of Ontario.
In the 50s and 60s Ottawa co-operated with the Ontario government, politically and financially, to develop the St. Lawrence Seaway, which greatly benefitted Ontario, to the detriment of the Atlantic Provinces.
Who gained the most from the Auto Pact??
Halifax and other maritime ports became only a shadow of their former selves.
Also the Federal government were not hesitant in using more of the Canadian taxpayers’ money in the construction of the Trans-Canada pipeline and the development of nuclear power , again primarily for Ontario’s benefit.
Ontario, having had its fill from the Federal teat , is now critical of an adjustment to the equalization clawback , which would allow the Maritimes and Newfoundland and Labrador to become self sufficient , and full partners in Confederation.
Howe (sic) did Ontario make its great leap forward?
From “Loyal She Remains: A pictorial history of Ontario”(pg.462) we read; “When the war began, Ontario’s manufacturing complex was just beginning to emerge from the Great Depression. By War’s end , immense enlargement had taken place – chemicals, synthetic rubber, steel and textiles required by the armed forces gave manufacturing a tremendous “ stimulus.
In 1940 C D Howe became minister of munitions and supply , to run Canada’s wartime effort. With the blessing of Mackenzie King , Howe and his group created 32 crown corporations to support the war effort. None of these crown corporations were set up in the Maritimes.
In 1944 Howe was asked to preside over Canada’s post war reconstruction, that is, to convert the wartime production plants to peacetime production.
Hundreds of millions (billions in today’s dollars) of dollars were pumped into Ontario to bring about the conversion to peacetime production. Ottawa used the taxes of all the people of Canada to achieve this transition, which primarily benefitted the Province of Ontario.
In the 50s and 60s Ottawa co-operated with the Ontario government, politically and financially, to develop the St. Lawrence Seaway, which greatly benefitted Ontario, to the detriment of the Atlantic Provinces.
Who gained the most from the Auto Pact??
Halifax and other maritime ports became only a shadow of their former selves.
Also the Federal government were not hesitant in using more of the Canadian taxpayers’ money in the construction of the Trans-Canada pipeline and the development of nuclear power , again primarily for Ontario’s benefit.
Ontario, having had its fill from the Federal teat , is now critical of an adjustment to the equalization clawback , which would allow the Maritimes and Newfoundland and Labrador to become self sufficient , and full partners in Confederation.