Looks like the lost decade is turning into the lost century.
Talinn_Makaren on
Tariffs, cutting government spending, negative population growth… That’s literally what those things do to GDP. Hardly skipping a beat in that environment is good. We’ll be fine.
ChristJesusDisciple on
This is my fear, that we get to a point where the government dependency is a must. That any other party that even talks about cuts to programs is immediately shut out because the population just can’t fathom a country without a government program to help.
I understand the need to broaden our trade and diversify, I just don’t trust this form of government to get it done correctly. My fear is that this government will leave us a a nation solely dependent on government programs to get by.
I don’t understand the tough talk at Davos, when we are trying to negotiate CUSMA. I understand not bowing to the US, but I just don’t think that was wise of Carney.
One-Pick-1566 on
Buying cheap goods from china will save Canada
nutano on
I mean. This was all expected stuff.
Don’t let anyone tell you that if this guy or that guy was PM then it wouldn’t be so… even before Trump’s crazy train, we were headed towards economic slow down.
ExotiquePlayboy on
Mr. Bank of England Master Economist aka Trudeau’s Economist Advisor for 10 years strikes again
Automatic-Long-7274 on
GDP is a bullshit metric.
Hicalibre on
I don’t even need to read the comments to know that you’ll have a group of people blaming the lack of government action/competency, another side who will blame Trump, and then the other side with their heads in the sand.
I’m not sharing my opinion on the matter as I’m aware how things such as recognition lag works, and am far from surprised.
TechnicianVisible339 on
We are going to have a recession and the Bank of Canada fucked up holding rates right now. We should have opted to decrease rates faster. Guaranteed first quarter we will shrink too.
HonestCrow on
In threads like these, I find I’m starting to remember the accounts that are just completely unwilling to have an open mind when they see a headline – they’ve already picked a side.
I also find myself wondering just how many of them are actually Canadians.
Loweffort2025 on
Shifting trade from America takes time…conservatives will cry foul but luckily they are not in control.
tarnished_cache on
love how this government is pulling us back instead of pushing us forward
Alternative_Tackle35 on
Thanks mostly to our “former largest trade partner” – who seems to be on an absolute mad stream.
We hope they feel better.
discovery2000one on
Looks worse than it is. It’s good in reality.
Carney is on the right track lowering the public service and temporary population in the country. Both of these will have an effect on overall GDP, but will pay off long term for Canadians. Just gotta keep at it until all of Trudeau’s failures are reversed.
There’s no easy way out, gotta take some economic decline to fix the house of cards that the previous administration was building.
We need to hold him to account if he strays. This parliament should be quite favourable to fixing this as well with a minority government and strong opposition.
Lisan_Al-NaCL on
Its just a vibecession dont worry.
I respect Chrystia Freeland for her academic accomplishments as a person, but as a senior MP and Cabinet minister she was utter dogshit.
Pussyo43068 on
Carney: “we are on track to build things at speeds never seen before”.
Looks like he was right, just not in the way we hoped.
Firepower01 on
This is wild to me considering how good the TSX has done
TheEmploymentLawyer on
I see paywall, i downvote, especially from billionaire American rags.
Efficient_Collar_330 on
Isn’t de-regulating inherently bad? Regulations serve to ensure resources are managed responsibility, ethically and for longevity. De-regulating creates a Wild West where companies can, for example, open mines, extract at will, and leave behind a mess that requires tax dollars to fix. Regulations keep multi-nationals and billionaires accountable. I understand that the flip side to that is less economic growth and opportunities, but without them things would be far worse IMO.
CagaliYoll on
Always remember that you can replace the word “economy” with “ritch people’s money” in any news article. Everything makes more sense.
GDP is too abstract a metric to be valuable on it’s own. GDP per capita is closer to how the world feels. You need to subtract inflation from both. If the “economy” has grown by 2% but inflation is 2.5% we are 0.5% poorer.
% change in Median household income minus inflation is the real number to watch.
Haluxe on
One side has their head in the sand saying everything is fine and the other blaming the government. Truth is the US real GDP is growing while we’re shrinking. Do what you will with that
24 Comments
“BUT Carney is an economic genius!!”. Same party that said the budget balances itself. Thank god these people are not in charge of anything… oh wait…
The current forecast is 4.2% annualized in the U.S.
https://www.atlantafed.org/cqer/research/gdpnow
Looks like the lost decade is turning into the lost century.
Tariffs, cutting government spending, negative population growth… That’s literally what those things do to GDP. Hardly skipping a beat in that environment is good. We’ll be fine.
This is my fear, that we get to a point where the government dependency is a must. That any other party that even talks about cuts to programs is immediately shut out because the population just can’t fathom a country without a government program to help.
I understand the need to broaden our trade and diversify, I just don’t trust this form of government to get it done correctly. My fear is that this government will leave us a a nation solely dependent on government programs to get by.
I don’t understand the tough talk at Davos, when we are trying to negotiate CUSMA. I understand not bowing to the US, but I just don’t think that was wise of Carney.
Buying cheap goods from china will save Canada
I mean. This was all expected stuff.
Don’t let anyone tell you that if this guy or that guy was PM then it wouldn’t be so… even before Trump’s crazy train, we were headed towards economic slow down.
Mr. Bank of England Master Economist aka Trudeau’s Economist Advisor for 10 years strikes again
GDP is a bullshit metric.
I don’t even need to read the comments to know that you’ll have a group of people blaming the lack of government action/competency, another side who will blame Trump, and then the other side with their heads in the sand.
I’m not sharing my opinion on the matter as I’m aware how things such as recognition lag works, and am far from surprised.
We are going to have a recession and the Bank of Canada fucked up holding rates right now. We should have opted to decrease rates faster. Guaranteed first quarter we will shrink too.
In threads like these, I find I’m starting to remember the accounts that are just completely unwilling to have an open mind when they see a headline – they’ve already picked a side.
I also find myself wondering just how many of them are actually Canadians.
Shifting trade from America takes time…conservatives will cry foul but luckily they are not in control.
love how this government is pulling us back instead of pushing us forward
Thanks mostly to our “former largest trade partner” – who seems to be on an absolute mad stream.
We hope they feel better.
Looks worse than it is. It’s good in reality.
Carney is on the right track lowering the public service and temporary population in the country. Both of these will have an effect on overall GDP, but will pay off long term for Canadians. Just gotta keep at it until all of Trudeau’s failures are reversed.
There’s no easy way out, gotta take some economic decline to fix the house of cards that the previous administration was building.
We need to hold him to account if he strays. This parliament should be quite favourable to fixing this as well with a minority government and strong opposition.
Its just a vibecession dont worry.
I respect Chrystia Freeland for her academic accomplishments as a person, but as a senior MP and Cabinet minister she was utter dogshit.
Carney: “we are on track to build things at speeds never seen before”.
Looks like he was right, just not in the way we hoped.
This is wild to me considering how good the TSX has done
I see paywall, i downvote, especially from billionaire American rags.
Isn’t de-regulating inherently bad? Regulations serve to ensure resources are managed responsibility, ethically and for longevity. De-regulating creates a Wild West where companies can, for example, open mines, extract at will, and leave behind a mess that requires tax dollars to fix. Regulations keep multi-nationals and billionaires accountable. I understand that the flip side to that is less economic growth and opportunities, but without them things would be far worse IMO.
Always remember that you can replace the word “economy” with “ritch people’s money” in any news article. Everything makes more sense.
GDP is too abstract a metric to be valuable on it’s own. GDP per capita is closer to how the world feels. You need to subtract inflation from both. If the “economy” has grown by 2% but inflation is 2.5% we are 0.5% poorer.
% change in Median household income minus inflation is the real number to watch.
One side has their head in the sand saying everything is fine and the other blaming the government. Truth is the US real GDP is growing while we’re shrinking. Do what you will with that
Ez just get New York to join Canada