The experts are perplexed.
The Canadian economy unexpectedly shed jobs for a second straight month, pushing up the unemployment rate and increasing the likelihood that the country’s central bank may need to ease policy to provide support.
The country lost 24,000 jobs last month, according to Statistics Canada. That is the worst month for job creation since last August and confounded expectations for a gain of 15,000 jobs following the 2,200 decline in June.
Ah, but the economy was going to be grown from the you-know-what outwards, wasn’t it? Prinz Dummkopf promised it would.
Paywall strikes again.
You can only pretend for so long.
Sockboy better be gone in October, or it will be open season on PPC supporters.
I mean that in a “jovial” way.
Yeah.
Votes matter.
Bob, are you a flaming PPC troll trying to turn off CPC voters?
No way would a true CPC believer be using that kind of threatening language to target PPC voting deplorable populists. By all means debate substance but it’s arrogant for anyone to think they are entitled to another person’s vote just because.
I’ll take it that your comment is being made in good jest. But other deplorables under attack from RINOs & CINOS & Liberals & Democrats & progressives & Marxists & MSM might not see the humour. For many the issue now goes beyond Trudeau. People are waking up and realizing they have to take a stand on the existential issues & Sheer isn’t.
And so the battle lines are being drawn. The deplorables are NOT the ones drawing them. They are the ones being targeted, like you do, in good jest of course.
Win some. Loose some. The CPC brain trust must have figured that moving the CPC left to split off Liberal votes will win the CPC more votes. We`ll soon see.
They have pushed radical in the NDP, the Liberal party, the Greens, for what, 100 years now? The Liberal party, which has always been pushing radical, is considered “Canada’s natural governing party”. Pushing radical, by all objective reasoning, is the winning strategy.
Scheer is pushing “centrism”? Yeah, they clearly need a new leader, a new brain trust, and for every single person who has voted CPoC in the last 10 years to be punched in the face.
Bernier wants to go hard right? Wants to adapt what has clearly been the winning strategy used by the left for decades? And this “Bob Daft” guy thinks that is the mistake?
The CPC brain trust must have figured that moving the CPC left to split off Liberal votes will win the CPC more backing from the establishment.
But it will lose them voters. They are being moved left, they are followers. Leaders move the spectrum their way. If I wanted a liberal/left/SJW government I would vote for one. I will not vote CINO simply because I have previously voted conservative. The CPC “brain trust” is poorly named.
PPC to the MAX!
It will improve in December for shoppers and those special days for the season then revert back to funeral parlor status in January.
They’re tweaking the numbers down now, July Aug Sept, only to then show huge job numbers increases in October, election month, the only number people will remember before voting.
Considering that many Canadian voters have a political memory span less than that of a crustacean, that’s not surprising.
Our political “betters” know that. Let there be some bad economic numbers, wait at least 6 weeks, they then cobble together something a bit more favourable, and voila! we’re not only in the golden age of Canada, we’ve had it as far back as we can (or are supposed to) remember.
Instant majority in the next election.
This is just the beginning. Should have happened long ago, but Trump’s economy breached our borders and we were carried along. Also $20 billion deficits help grease the wheels.
Our inevitable recession looks like it’s going to happen just in the nick of time.
Not hard to figure out. Tax the hell out of everything, put controls and regulations on everything, cut off the flow of oil and other fuels, create a minimum wage that is divorced from productivity, then do “environmental” reviews on everything from an already existing place or project, then have total government control and “viola” job and business losses. It will get worse as the government debt piles up and they continue to inflate the currency. Government is a killer of everything from jobs to freedom.
Hey, government can’t even make money selling drugs. The private market for cannabis is alive and prospering! Or so I’ve been told, I don’t know.
I don’t understand, the politics panel on the CBC stated last night that Trudeau is doing a great job with the economy. Everything Justin does is wonderful. Must be Doug Ford’s fault.
“This is known as ‘bad luck’.” – R.A. Heinlein
If it weren’t for public sector hiring (and boosting Liberal votes), the job loss numbers would be 42,000 (vs 24,000).
The spin is in…
Sure we lost a lot of jobs. But there were “far more jobs available than there were one year ago”. What is interesting is this spin hasn’t shown up in any previous reports where there were job gains.
https://www.cbc.ca/news/business/labour-market-cools-job-vacancies-cfib-report-1.5241643
“While Friday’s employment data showed the economy lost 24,000 jobs in July, there are still far more jobs available than there were one year ago. A new report from Canadian Federation of Independent Business (CFIB) says there were 429,000 job vacancies in the private sector alone in the second quarter, 23,000 more than in the same period in 2018.”
Gee, almost sounds like a spin for more unchecked immigration, eh?
That’s the best reporting 600 million can buy.
And more breeders to get the $6000+ per spawn paid for by debt.
Paid for by you and your heirs, and mine.
Pretty clear that the Liebel re-election campaign will blame the deteriorating economy in Canada on Trump. Scheer and Ford will be collateral agents. Kenney will be a easy target for the standard eastern prejudice against the West.
$14 trillion in negative rate bonds globally. Social programs that are unsustainable with growth projections based on GDP projections that cannot be met. Retirements are threatened on all fronts because of failing government over payments and private retirements invested in high risk equities. This is not a failure of capitalism as most ‘progressives’ claim but a massive overspending within governments. The ugly reality will be when capitalism reasserts fundamental math. BS will/cannot carry the day much longer. Many fundamental investors are at 50% cash.
When the inevitable ‘crunch’ comes I do not expect Canada to come out the other side as a united entity. The West will separate as people realize the extent of how eastern Canada has exploited them. When the finger pointing gets started it will get very ugly. I am sure there are many easterners who inherently realize that the country is based on an imperial vision. Even if the status quo is accepted the poor leadership this country has produced for decades will be held to account. Canada does not deal with issues such as national defense, the integrity of fair justice, the integrity of her borders and the fair treatment of its constituent provinces.
You’re forgetting Harper.
I will wait for unDork and his expert input, as my pet bull is on strike.
The Canadian oil patch was the economic saviour of Canada for many years, but of course the leftist shite-heads of BC, ON and PQ didn’t understand that, or much of anything.
Med ~Apple, Paywall strikes again.
Don’t fear; the CBC spins that narrative! Still plenty of jobs available, guys! (There’s an election around the corner, so we can’t have negative news tainting the Liberal brand.)
“Canada lost some jobs, but at least 400k positions are still up for grabs.”
https://www.cbc.ca/news/business/labour-market-cools-job-vacancies-cfib-report-1.5241643
And the reason we need our “immigrants” is, to paraphrase Bill Whittle, they will do the job that Canadians are unwilling to do themselves: vote Liberal.
I hope they were all union jobs, and I hope they were all in union ridings that have voted liberal since 1910.
Overspend, raise taxes, suppress/destroy the productive sectors of the economy with overregulation ==> unemployment and inflation, double down once failure becomes obvious — like father, like son.
The number that jumped out at me was that private industry lost 69,000 jobs. That is not good news, no matter how Justin’s Journalists and their editors/shadow writers at the PMO try to spin it.
I’ve watched guys at BNN news each month caution against government job and economy numbers. They’re all over the place and for every good news number there’s a bad news number that contradicts the rosy picture painted by the media. It’s possible that Canada will once again be a sea of tranquility and prosperity as the US and EU go into recession but I wouldn’t bet the house on it. A lot has changed in Canada’s economy and government policies since the GFC and housing crisis of 2008/2009. I’d say that those changes make our economy more vulnerable.
I agree. If another Global Recession the like of 2008 were to hit, with our present economy already in this state with no hope of recovery, we’d be hooped. As it is, I see no way forward except to change regimes. Zoolander’s government has got to be turfed this October.
Re Oz above. NOPE! Keep the present A-Hole in power. That will spur the change in the West in general, and Alberta in particular to exit this mess.
There never will be equality in Canada. Never!
I was optimistic a couple of decades back and worked hard for the Reform Party. I believed in the phrase: “The West wants in!” so often stated by Preston Manning. We were driven by trust. I thought that Harper was a great leader and although he did some good things, he refused to reign in the CBC. That was my red line in the (oil) sand. There is no aligning with the East. And there never will be any alignment. Our differences are too vast.
I will be voting PPC this fall, not for change but to send a message. Alberta is dying. And will not be revived by any party presently vying for office in Ottawa.
Well said CRB,exactly my experience and attitude.
No one seems able to make the case for the continuation of Confederated Canada.
Possibly because it is a bankrupt kleptocracy.
I figure reelecting Trudeau/Butts will ensure Westerners realization they are not wanted in Canada,just their money,while Ottawa will go out of its way to make earning a living from resource development as difficult as possible.
Reform was an honest effort, now we know there is no reform of an institutional kleptocracy using Roberts Rules of Committees.
We have nothing in common with our Eastern Comrades that I can identify.
Well other than we both want the wealth of the west.
Currently we earn,they spend it.
Which I find most unsatisfactory.
” There is no aligning with the East. ”
And you think there is an alignment between Calgary and Edmonton? After the last election?
Who do you think is going to step up and lead this fractured Alberta out of Canada? You’re a fantasist.
Remind Albertans that Edmonton, unemployment rate 7.5%, sends billions of equalization $$$ to Quebec City, unemployment rate 2.3%.