Canada’s economy posts ‘blow out’ growth; dollar jumps

[Broke Wave]

Canada's economy continued its hot streak in May, riding broad-based growth led by a surge in oil output, beating already high market expectations and setting off another wave of buying in the high-flying Canadian dollar.

Statistics Canada reported that Canada's real gross domestic product jumped 0.6 per cent in May from April, on a seasonally adjusted basis – triple the solid 0.2-per-cent growth that economists had predicted. That matched the strongest single-month growth that the economy has posted in the past six years. Compared with 12 months ago, real GDP was up 4.6 per cent – the fastest year-over-year growth in nearly 17 years.

Canada’s economy posts ‘blow out’ growth; dollar jumps - The Globe and Mail

So minimum wage increases in every province... increased spending from the government in transfer payments which lead to increased welfare
Free post secondary for low income students
Legalized Weed
No tax cuts whatsoever
No new free trade deals
No real increase in commodity prices

And the economy is tripling the American economy in growth, when during the Obama years it was the other way around?

Perhaps leadership does matter, Trumpset? Maybe 7 months of doing nothing except making headlines makes your economy fall behind?

 

[88m3]

Great maybe more of your citizens will be able to patronize my business again

 

[OJ Simpsom]

Proud andto live in the greatest country on earth.

 

[Don Homer]

america is ass

 

[Brosef]

Proud andto live in the greatest country on earth.

:nasglasses:

Canada is GOAT

 

[Techniec]

 

[Broke Wave]

The dollar is 83 cents US... the perfect zone

Not too high where our exports are too expensive, but low enough where we can buy cheap american goods

 

[hashmander]

no wonder that clown pink freud is so obsessed with trump and the republicans in america, he doesn't have shyt to worry about at home in canada.

 

[Saka]

Still disappointed about no election reform as was promised during the campaign and the revamping of bill c-51, other than that i can give Trudeau a pass

 

[ezrathegreat]

 

[Prince.Skeletor]

When a country's economy does well why do people always credit the growth to a president or prime minister?

Cant it sometimes be just the market & normal civilians?

 

[Maschine_Man]

fukk Trudeau

He ain't helping or doing shyt

 

[The Odum of Ala Igbo]

fukk Trudeau

He ain't helping or doing shyt

 

[Maschine_Man]

exactly

But I'm happy that SOME ppl are starting to pick up on this BS...shyt even WaPo is catching on to his shenanigans

Opinion | The world needs to stop mindlessly fawning over Justin Trudeau

"Whatever his talents as clickbait, a strong case can be made that Trudeau is not very good at the governing side of his job. And I’m not talking about the mildly contrarian he’s-not-progressive-enough critiques you sometimes read from left-wing Canadians in the foreign press; I’m talking basic competence. The aftermath of Khadr-gate should hopefully serve as a wake-up call for international media to balance Trudeau’s antics as a charming figurehead with his unglamorous reality as a politician.

Trudeau was never terribly qualified to be prime minister. Before his quick political rise, he was known simply as the wealthy, dilettantish son of a popular ex-prime minister who had trouble choosing a career. First elected to Parliament in 2008, he was abruptly made Liberal boss in 2013 in what was dubbed a “personality cult” gimmick by a party whose popularity had slumped to record lows.

Trudeau’s initial steps on the national stage were defined by George W. Bush-style gaffes, such as expressing envy for the efficiency of China’s “basic dictatorship.” During his inauguration, it was revealed he didn’t know how to pronounce the word “heir.” To this day, he still stumbles when forced to express opinions outside his talking-point comfort zone (watch, for example, his painful attempt to articulate thoughts on North Korea). Carefully staged photo ops, such as Trudeau’s supposed “off-the-cuff” description of quantum computing, can be seen as a deliberate effort to reassure voters that their leader actually has something under that carefully coiffed hair.

With Trudeau as prime minister, his supposedly activist administration has passed very little legislation and his government has accumulated a huge, President Trump-like backlog of appointments. Of the few big ideas he has pushed, many have been train wrecks of poor implementation, such as his plan to legalize marijuana by 2018, which is still a mess of question marks, or “empowering” Canada’s widely loathed, unelected Senate to get more involved in the lawmaking process, which has spawned parliamentary gridlock. A plan to overhaul the Canadian electoral system, which would have likely accomplished little beyond making it easier for Trudeau’s party to win reelection, was abruptly abandoned after blowing a few million dollars on go-nowhere R&D.

Trudeau’s hikes in spending, meanwhile, coupled with a large middle-class tax cut, have spawned budget deficits twice as deep as the “temporary” ones he promised on the campaign trail, with no plan to dig out. Enormous economic growth, which he once nonchalantly predicted would ensure “the budget will balance itself,” appears nowhere on the horizon.

Foreign policy is no less a muddle. Trudeau ostentatiously ended Canada’s “combat mission” against the Islamic State for no clear reason beyond that it was something his conservative predecessor supported, yet it has been recently reported that Canada’s soldiers certainly appear engaged in a Middle East war that the prime minister promised to pull the country out of.

Trudeau may cut an interesting figure on the global stage, contrasting with various populist demagogues and reinforcing stereotypes of Canada as the world’s goody-goody. Yet it’s the luxury of foreigners to treat the politics of other countries as parable, entertainment or escapist fantasy. Actually living in a country run by a social media celebrity is a lot less fun.


Shiet, everyone jokes and makes fun of Trump for being wildly unsuited, unprepared and inexperienced for the job, but Trudeau is even worse in those areas. But as long as he keeps smiling and blowing smoke up ppl's asses y'all will continue to fall for the okey doke.

fukk that clown con man.

 

[hashmander]

an opinion piece in the Washington Post isn't "even WaPo is catching on to his shenanigans". there is a reason it's labeled OPINION, it's JJ Mccullough's opinion, a conservative from Canada.