Inquiring minds want to know: what’s in it for court water carriers who engage in mindless cheerleading for the government of the day? It’s like the scene in The Holy Grail where the armless knight declares, “‘Tis but a scratch!”
Luckily, economists say there is more to a recession than just two quarters of negative growth — namely the 3 Ds — depth, duration and dispersion.
This decline is not even close on depth — amounting to just 0.6 per cent annualized over the two quarters, “barely a scratch in GDP terms,” said Robert Kavcic, senior economist at BMO Capital Markets in a note.
Oh, that explains it!
Canadian Prime Minister Mark Carney, pressed about statistics showing the country is in a technical recession, on Tuesday told reporters that as the government pressed ahead with reforms “the data will be uneven”.
Gullible’s Travels.
The Janet Yellen school of redefining failure as success has invaded Canada.
“…what’s in it for court water carriers…”?
I’m guessing six-figure salary and some -sweet- investment opportunities.
You know all those two-to-eight million dollar houses in Toronto? Guess who lives in them. Uh huh. Court water carriers. Nobody else can conjure up that kind of money.
FILTHY LIBERALS
The worst of the worst SHORT “Economists” is our PM.
2 Days before the announced RECESSION, Short Goalie Carney said “Canada has the 2nd strongest Economy in the G7”
It must have been a rough Wed and Thursday. Also, Short Carney may have been distracted by the May 31 VAGINA and VULVA Day in the House of Commons. I would “Shave it down” to a half day of Vulva and Vagina..
Ignored in all the noise and excuses, is the artificial bump upward in GDP caused by the large amount of Gimmegrants entering the country each year. The luxurious welfare benefits they receive is the artificial balloon propping it up.
Without that artificial effect, you could easily subtract a whole point off GDP.
Yes, kids, this country is falling fast. And our governments keep accelerating the decline.
Can’t drill for oil. Can’t dig up metallic rocks and process them. Can’t cut down trees and make lumber.
Governments that find more reasons to NOT employ people and create jobs.
It’s all a plan.
This. Government spending is added to the economy for GDP calculations when it should be considered as a decrease in net production because it needs to be paid for entirely by debt or removal of otherwise productive capital.
Yup.
Government spending has never been higher.
The author of this mess of an article, Pamela, should be kicked in the box by Bigfoot.
• JONESTOWN, GUYANA, 1978: the tape was rolling when Reverend Jim Jones commanded his followers to – and this is the origin of the phrase – “drink the Kool Aid.” I remember listening to the recording once, and vividly recall Rev Jim attempting to assuage those who were having second thoughts with the exhortation: “We’re not committing suicide! We’re committing Revolutionary Suicide!!!”
• CANADA 2026: “It’s not a recession, it’s a technical recession.”
When I last studied economics, a “recession” was defined as “two consecutive quarters of negative GDP growth” which we’ve just had. But maybe, like what was attempted under the Biden administration, they are seeking change the definition.
Or perhaps given our current government’s embrace of postmodern identity politics with its insistence on, among other things, the power of language to trump physical reality – i.e., one can declare oneself a man, woman, dolphin, furry or whatever merely by calling oneself such – that by constantly fire-hosing the public with such sentiments as “Canada will experience the second best growth in the G7” as well as the Late-Stage Propaganda-y piece cited here, we can actually TALK the recession out of existence, sort of like what (warning: boomer reference) they attempted to do with the rain at Woodstock (I’m sure they’ll be equally successful).
Again, the Financial Post should know better than to print this twaddle but they are dependent on government subvention for their continued existence and so are about as unbiased as a home-town referee
We are witnessing Magical Canadian Thinking™
The Schizophrenic PM.
https://thefederalist.com/2026/06/01/mark-carney-broke-up-with-america-but-for-some-reason-hes-still-parked-outside/
Can you be a little bit pregnant?
Why don’t we just redefine recessions like they changed the wording for ‘vaccine’ re COVID clot shots?
If the Conservatives were governing now and this same data came out, it would be referred to as a “deep, prolonged recession”.
GYM wears lipstick and squeals like a pig. Same difference.
ant
I washed my Dyck, after yer wife blew me, so lipstick is gone!
Keep squealing GYM, you got a pretty mouth.
And truth be told your mom blows best…shame she didn’t swallow you.
GYM’s mummy gummer hummers were legendary.
Now guys, when they said that there were prizes for best oral argument, this was not what they had in mind.
https://www.theglobeandmail.com/canada/article-weak-economic-numbers-spur-recession-debate-in-ottawa-on-bay-street/
Here’s another misleading headline from the pro-Carney Globe and Mail: “As Conservatives seize upon signs of a recession, economists say not so fast”. (And note the difference between the pro-Liberal headline and the link-headline above).
An adecdote: Years ago the Globe used to print op-ed colums by economist David Rosenberg. He was a perceptive writer, and I read each piece. Anyways he was I think the first writer to notice that constant-dollar per capita after-tax income has been declining. After about a year and a half, a few independent conservatives started to notice this, and this economic fact started to spread across Canada’s internet.
As of today, real constsnt-dollar after-tax income of all Canadians is about the same today as it was when Justin Trudeau assumed power in 2015. And if we abstract from the fact that government employees have enjoyed rising incomes much greater than cost-of-living increases, it stands to reason that regular workers in the private sector have seen their standard-of-living fall. All of this is missed by the fat-cat economists interviewed by the corporate media.
As for David Rosenberg? The left-wing Globe soon stopped publishing his writing.
Good points, david.
I hope these dishonest D-bags who shill for an evil government get what’s coming to them good and hard.
Like the Financial Post, the Grope and Fail is (i) almost ENTIRELY dependent on government subvention for its continued existence, (ii) collectively knows on which side its bread is buttered, and (iii) publishes accordingly. Hence, the aforementioned fire-hosing of the public with more tendentious, pro-Carney “noise” to distract the normies and sheeple.
On the brighter side, in 2026 does ANYONE -save for semi-senescent boomers in between waiting for re-runs of “Matlock” and soiling their Depends, read – or even pay attention to – the Globe & Mail?