BeaverFever
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Canada slips into recession as economy stalls
BeaverFever replied to CdnFox's topic in Federal Politics in Canada
There is no such thing as magic, son. Once you accept that you won’t be fooled so easily. -
Canada slips into recession as economy stalls
BeaverFever replied to CdnFox's topic in Federal Politics in Canada
That’s Nonsense, period It’s always been considered the businessman’s newspaper in my lifetime. Fiscally conservative and solidly red tory. You are just such a rabid right winger you think red Tories are all left wing. -
Canada slips into recession as economy stalls
BeaverFever replied to CdnFox's topic in Federal Politics in Canada
What batshit are you talking about NOBODY thinks G&M is “left of centre”. They are endlessly ranting about deficits and the need for balanced budgets and they roasted Trudeau just about every day he was in office. Prominent conservative ANDREW COYNE is one of their main colomnists. You are such a far right nut-job if it’s not the official propaganda outlet of the Conservative Party you think it’s left wing. Besides how do you explain the FACT that the National Post also reprot the FACTUAL NEWS that the Bay Street consensus also agrees it’s to early for the R word. Your whole response to ACURRATE REPORTING is to make a weak and fact-free AD HOMINEM attack on one of the TWO news sources reporting inconvenient truths and totally ignoring the other one. BTW NUMEROUS news sources all reporting the same story I only posted 2 to avoid being repetitive. -
Canada slips into recession as economy stalls
BeaverFever replied to CdnFox's topic in Federal Politics in Canada
Kinda hard to invest when there is economic uncertainty from Trump’s trade war and his constant violations of CUSMA PP doesn’t have any magic solutions or overnight fixes no matter how much you want to believe he does. Even if he did have a solution it would take many months or several quarters for him to get them all into action that’s justand several more before they would actually produce results in economic metrics, that’s just how the real world works, I doubt you would be shrieking the whole time the way you’re shrieking now. you’d be telling us to be patient and give it a couple years. -
Canada slips into recession as economy stalls
BeaverFever replied to CdnFox's topic in Federal Politics in Canada
Canadian economy 'expected to strengthen' after technical recession: OECD After Canada’s economy slipped into a technical recession last week, a new outlook by the Organisation for Economic Co-operation and Development, or OECD, said on Wednesday said that GDP growth is set to rebound later in the year and continue growing into 2027. “GDP growth is expected to strengthen over 2026 and 2027,” the OECD said in a note about Canada’s economy on Wednesday. “Statistics Canada said Friday that GDP in the first quarter of 2026 fell 0.1 per cent on an annualized rate, and follows a revised one per cent annualized decline in the fourth quarter of 2025. A technical recession is most commonly defined as two consecutive quarters with negative economic growth. On a quarter-over-quarter basis, the agency says growth was essentially unchanged, but small movements in quarterly figures are magnified when converted into annualized rates. Real GDP declined last October and in March, but growth was either flat or positive in the four months in between.” Excerpt From “Canadian economy “expected to strengthen” after technical recession: OECD” Uday Rana Global News https://apple.news/AtPaERvi6Qr2UkZ5NYl6jvg This material may be protected by copyright. -
Meme/Cartoon of the Day
BeaverFever replied to WestCanMan's topic in Federal Politics in the United States
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Canada slips into recession as economy stalls
BeaverFever replied to CdnFox's topic in Federal Politics in Canada
LMAO NO NOT EVEN CLOSE G&M is largely considered Red Tory. And still the National Post agrees and you called them leftist. And they simply reported the consensus if Bay Street economists whi are the ACTUAL experts and doubt the recession label. Hell your article in the OP did too, not that you read it ADHD-boy. So in typical MAGA fashion you have a weak argument and are resorting to ad-hominem attacks amd straw man arguments. -
News that had been known for a while has finally beet confirmed. Purchased back in JANUARY. WELL AHEAD OF THE ORIGINAL 2030-2032 SCHEDULE. As I said previously the HIMARS and a few other things like helicopters are uniquely available from the US with no alternative meeting our requirements Canada confirms purchase of 26 HIMARS rocket launchers from U.S. government DND says decision made after 'a rigorous evaluation process' A little over a month after the Pentagon revealed it had ordered a batch of M142 High Mobility Artillery Rocket Systems (HIMARS) for several allied countries, including Canada, the Liberal government has now publicly acknowledged the purchase. Defence Minister David McGuinty, in a statement on Tuesday, said 26 of the highly sought artillery systems will be acquired for the Canadian Army. The $2.6-billion purchase is being made directly from the U.S. government and includes a preliminary operational stock of munitions, spare parts, training and support services. Delivery of the weapons system is expected to begin in 2029. CBC News was the first to report on May 1 that Canada had agreed to the purchase last January, but not announced it. The U.S. Department of War, on its contracting website in late April, said it had signed a $1.1-billion US contract with Lockheed Martin to manufacture HIMARS for the U.S. Army, U.S. Marine Corps, Australia, Canada, Estonia, Sweden and Taiwan. Prime Minister Mark Carney, in last year's federal election, promised to diversify where Canada purchased its military equipment, noting that it was unacceptable that upwards of 70 cents of every Canadian defence procurement dollar was being spent in the United States. In the statement on Tuesday, the Department of National Defence said the decision to buy the HIMARS through a sole-source contract in the U.S. was made following "a rigorous evaluation process" and that the system "was identified as the only solution that best met Canada's operational and technical requirements." The statement said that there is currently no Canadian manufacturer for the HIMARS launcher system or associated long-range missile capability. Lockheed Martin, as part of the contract, will "undertake meaningful business activities and invest in Canadian industry to support the growth of Canada's defence sector," the statement said. "Canada's Armed Forces must have the capabilities required to meet today's threats and tomorrow's challenges," McGuinty said in a statement. "The long-range missile capability is a critical step in supporting our military so it remains ready and equipped to protect Canadians and support our allies and partners when needed." Industry Minister Mélaine Joly said the federal government will require the company to invest directly in Canada's economy by strengthening the industrial base and integrating Canadian firms into global supply chains. https://www.cbc.ca/news/politics/army-artillery-defence-canada-us-9.7221033 Wait wait don’t tell me “SOMEHOW IT STILL DOESN’T COUNT ! DELETE MEMORY! DELETE MEMORY!
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…and in keeping with our deal to buy the latest Polish military technology they have also offered to install screen doors on our new submarines 😂
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Canada to buy Polish drones, deepen defense ties by leveraging EU SAFE funds M ILAN — Canada and Poland are deepening their military-industrial ties through a new agreement that will leverage the EU’s Security Action for Europe(SAFE) initiative to fund joint projects. The Letter of Intent was signed on Tuesday by the Canadian National Defense Minister, David J. McGuinty, and his Polish counterpart, Władysław Kosiniak-Kamysz, during the latter’s visit to Ottawa. “Minister McGuinty highlighted opportunities to strengthen bilateral defense industrial cooperation, including collaboration under SAFE, potential joint projects involving emerging technologies, and talks on the establishment of ammunition production capacity in Canada,” a statement from the Canadian Department of National Defense said. In December, Canada became the only non-European country to gain entry into the €150 billion SAFE defense borrowing and procurement scheme. The new preliminary document, the first of its kind to be signed between the two countries, further outlines Ottawa’s planned procurement of Polish-made drones, according to Poland’s state-owned news agency Polska Agencja Prasowa. The national media outlet quoted Kosiniak-Kamysz as stating after the signing ceremony that the purchase would involve the “best Polish equipment,” including the Warmate loitering munition, the FlyeEye mini-drones, and the Gladius strike and reconnaissance drones — all manufactured by the Polish company WB Group. In March, Ottawa rolled out a $900 million investment plan as part of the country’s new Defence Industrial Strategy, in part to create a new drone innovation hub. The approach is based on a “build, partner, buy” model that seeks to manufacture military equipment locally. …Over the winter, Canada also announced a $1.4 billion plan to expand its domestic ammunition production capacity, including over $300 million to build new manufacturing facilities for 155mm artillery shells in partnership with Ontario-based company IMT Precision https://breakingdefense.com/2026/05/canada-to-buy-polish-drones-deepen-defense-ties-by-leveraging-eu-safe-funds/
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The ones we were chasing were largely low skill. We have historically had a problem with trying to keep those kinds of jobs when the whole fame chaned in the 90s to a knowledge and IP-based economy. But don’t take my word fornit. You like Jordan Peterson right? Right wing anti-woke type? I know you short attention span and poor comprehension but chexk out this interview he did with Jim Balsille Here’s a short version for your short attention span Heres the long one if you can have someone watching it and explain it to you with sock puppets
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The largest single reason for shrinking labour force is aging population The boomers were age 51-69 in 2015 and mostly still working, they’re a decade older now and retired. We also have had THREE economic crises back to back: COVID, the Supply Chain IInflation crisis and now the Trump-cession caused by his trade wars and actual wars. But look this is that thing you do that I pointed out: see how you biased your response is: The Harper recession ended in 2010, unemployment STILL hadn’t recovered when he left office 5 years later “it’s not his fault there was a recession”. But now that Carney is Pm “it’s his fault that there is a recession”. You blame Carney for economic crisis he didn’t cause and hold him exclusively responsible for every day that it continues while you don’t blame Harper for 5 years of mediocre economy
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Oh someone is desperate for my attention again! Soo triggered! You are my b1tch and you will wait for me at my pleasure And then you will reply to me immediately.
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LMAO MORE FAKE NEWS No Harper didn’t do anything to reduce emissions . GHG emissions are largely considered to have been flat during Harper’s terms. Technically they decreased by an insignificant amount 3% or less) because there was a recession under Harper. And then the oilsands collapse started to occur at the very end when shale gas came online Meanwhile under Trudeau they decreased by up to 8% year over year
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Canadian investors say 'mini wave' of homegrown AI chip companies could be coming “Canadian investors say interest from founders and funders about building and investing in the homegrown semiconductor industry as the demand for more efficient artificial intelligence chips accelerates could lead to a new wave of startups in the next year or two. “From a deal opportunity, I’m seeing very high-quality, deep-tech companies birthing from within Canada,” said Eva Lau, general partner at Toronto-based early stage startup investor Two Small Fish Ventures Inc. Researchers are having breakthroughs in their technology stack and may have already formed a business. We’ll be seeing a lot of these companies coming out from stealth in the next 12 to 24 months.”” “Globally, venture capital deal activity in semiconductors has jumped since 2020 to hit nearly US$20 billion in 2025 and has reached US$10.8 million so far in 2026, while Canadian VC activity in the semiconductor industry reached $208 million last year and stands at US$67 million this year, according to Pitchbook data. The demand for next-generation AI is leading some Canadian investors to start considering hardware plays related to chips and quantum rather than just focusing on software, Martin Laforest, partner at Sherbrooke, Que.-based quantum VC fund Quantacet Inc., said. “More new funds are reviewing their investment thesis and saying that they’re going to start doing a few hardware investments (unlike) when we were raising our fund,” he said. “It became like a joke back then that everyone else was investing in business-to-business software-as-a-service (Saas).” Lau agrees, saying AI has overturned the traditional VC playbook where Canadian VCs leaned on investing in B2B SaaS, such as those in fintech. “He said Canada excels at manufacturing photonic chips, which can solve energy and speed issues in AI and quantum and use light rather than electrical currents to transmit information, making them more energy efficient and faster at moving information around data centres than traditional silicon-based chips. Chip behemoth Nvidia Corp. has signalled its support of the technology, committing to invest at least US$6.5 billion into companies developing photonics technology over the past three months. The CPFC is one of three facilities in the world that can make compound semiconductors and is the most advanced among the group, Slaby said. “We have all the pieces paving the way to hyperscalers to address the problems of AI compute,” he said. “We have something that is very unique and irreplaceable.”” …. Excerpt From “Canadian investors say 'mini wave' of homegrown AI chip companies could be coming” Yvonne Lau Financial Post https://apple.news/AaZS1-q3LSkCZgzehKoOS8w This material may be protected by copyright. “
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Canada slips into recession as economy stalls
BeaverFever replied to CdnFox's topic in Federal Politics in Canada
Nation Post is lefties now? LOL that’s new. As usual you exaggerate everything for political reasons -
Canada slips into recession as economy stalls
BeaverFever replied to CdnFox's topic in Federal Politics in Canada
What I find hilarious is that the same people who say Harper can’t be blamed for his ACTUAL recession because he can’t create a magic bubble to protect Canada from a global economic crisis say Carney and Trudeau are responsible for NOT ACTUAL recessions because they didn’t somehow create a magic bubble to protect Canada from global economic crises. The rule of thumb for the right is when there’s an economic disaster, or terrorist attack under Republicans or conservatives “the government doesn’t control these things they can do their best after the fact” Example: the economic disaster and wave of terrorist attacks that occurred during the Bush Jr years. Now they’ve added a nee one for the current economic disaster caused by Trump’s trade war and Iran debacle: “Americans have to sacrifice for the greater good” But when it’s a liberal or democrat then its “they are in charge, the buck stops with them! They caused it or they should have stopped it, how dare the government force people to sacrifice for the greater good”. Total hypocrisy. The Trump-made global economic disaster and trade war on Canada is OF COURSE going to have negative consequences for Canada pretending otherwise is foolish as is pretending PP has a magic wand that would solve all our problems and Canada into an economic paradise -
Canada slips into recession as economy stalls
BeaverFever replied to CdnFox's topic in Federal Politics in Canada
Wow you know it must be true when even a right-wing outlet like NP is debunking Conservative theatrics. Here’s another one: As Conservatives seize on signs of recession, economists say not so fast A back-to-back contraction in the Canadian economy has sparked a debate in Ottawa and on Bay Street about whether the country is in a recession, handing political ammunition to opposition critics of the federal government while drawing a skeptical response from economists who say it’s too early to call. On Friday, Statistics Canada reported that the economy contracted 0.1 per cent on an annualized basis in the first quarter, after a 1-per-cent annualized decline in the fourth quarter of last year. Two consecutive quarters of falling GDP is sometimes called a “technical recession” – although the term is often dismissed by economists, who tend to look at the depth, breadth and duration of a downturn before using the R-word. Geopolitical, trade risks pose rising threat to financial stability, Bank of Canada warns Conservative Leader Pierre Poilievre jumped on the data, sending a letter to Prime Minister Mark Carney on Sunday demanding an emergency debate in Parliament on what he called the “Liberal recession.” Economists on Bay Street, by contrast, mostly concluded that the numbers don’t amount to a recession – at least not yet. “Time will ultimately tell, but data on the ground don’t have the markings of a true recession in Canada,” Bank of Montreal senior economist Robert Kavcic wrote in a note to clients on Friday. … https://www.theglobeandmail.com/canada/article-weak-economic-numbers-spur-recession-debate-in-ottawa-on-bay-street/ -
Canada slips into recession as economy stalls
BeaverFever replied to CdnFox's topic in Federal Politics in Canada
Posthaste: Recession, what recession? Canada's economy is doing better than it has in years by this measure GDP per person is once again on the rise Canadian economic data made international news Friday as the latest reading of gross domestic product earned mentions from everyone from investing guru Mohamed El-Erian to the Wall Street Journal. Canada’s GDP doesn’t often attract such attention, but this time a second quarter of contraction raised the red flag of “technical recession.” Article content Conservative leader Pierre Poilievre seized on the data, accusing Prime Minister Mark Carney of being the only G7 leader to send his country’s economy into recession and calling for an emergency debate. … Luckily, economists say there is more to a recession than just two quarters of negative growth — namely the 3 Ds — depth, duration and dispersion. Article content 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. Article content In the past three Canadians recessions, outside the pandemic, the average decline at the weakest point was 5.3 per cent. Article content Nor is weakness widespread across the economy. The trade war has hit manufacturing, trade and real estate hard, but other sectors like finance, resources and health care are growing, said Kavcic. Article content Though exports are down, domestic demand has been climbing, and consumer spending has continued to rise. Article content Duration, he concedes, is getting close. The Canadian economy has been soft since the start of the trade war in early 2025, posting three negative quarters out of four. However, there is one key variable in this equation that should not be overlooked and when viewed through its lens paints a very different picture of Canada’s economy, say economists — population. Since the federal government cracked down on immigration after the post-pandemic boom, population has actually declined in Canada over the past two quarters. Article content So while the overall GDP reading is slipping, GDP per person is on the rise, a welcome change from a few years back when the per capita measure was nose-diving. Article content GDP per capita fell by almost 2.5 per cent in just over a year in 2022 and 2023, and plunged again in 2025, even as headline GDP was growing. The latest data showed GDP per person picked up by an annualized 0.9 per cent in the first quarter of 2026. Article content “That’s a better outcome for how individual households experience the economic backdrop compared to, for example, the ostensibly respectable GDP increases in 2023/2024 that actually represented persistent declines on a per-capita basis,” said Janzen. Article content But as economists at National Bank of Canada said Friday: “We are not ready to bandy about the ‘R’ word, at least not yet.” https://financialpost.com/news/canada-recession-fears-overblown -
What the Globaleye lacks is air to air refuelling but that is already being worked on. Yes the radar has smaller are but is higher definition and can see things like drones and low flying helicopters that e7 cannot. Plus it can track surface targets such as ships and vehicles which e7 cannot. In addition they are already in the advanced stages of teaming with MQ9 so another good match for Canada Here is how chatgpt summarizes the USAF’s problems with E7: The short answer is: the USAF didn’t really run into the same kind of technical “the airplane doesn’t work” problem Australia did in the early Wedgetail years. Australia absolutely did have major problems at first—but they solved them over a long development cycle. The USAF’s issues were different: cost, schedule, configuration drift, and doubts about survivability/relevance. Here’s the breakdown. 1. Australia already paid the “development pain” Australia was the launch customer for the E-7A. Early on they had real technical trouble: getting the Northrop Grumman MESA radar and mission system working together software maturity integrating all the communications/data links achieving promised radar tracking performance That caused years of delays before the Royal Australian Air Force fleet became operational. Once fixed, Australia ended up with a very capable platform and became the reference customer. So the USAF was not discovering a brand-new aircraft—they were buying a mature one. 2. The USAF wanted a different E-7 than Australia’s This is where friction started. The U.S. version needed: U.S.-specific crypto/COMSEC different battle-management software U.S. datalink and network integration survivability equipment integration into the USAF’s broader command-and-control architecture That sounds incremental, but in defense procurement “just add U.S. systems” often means: new testing new certification software rewrites integration risk The UK has run into a similar issue—assuming it was basically “Australia’s aircraft again,” then finding obsolescence and redesign needs because time passed and systems changed. 3. Airframe timing complicated things Australia bought when the base 737 NG family was current. The USAF came later: production timing changed supply chains shifted configuration management got harder price increased Reuters reported the USAF’s rapid-prototype contract for two aircraft at ~$2.56B including development/support. That’s not just “buying two Australian Wedgetails.” 4. USAF doctrine shifted: survivability became the big debate This was probably the biggest reason. The USAF increasingly questioned whether a large radar aircraft can safely operate in a China-focused fight: long-range air-to-air missiles anti-radiation targeting broad ISR coverage Pentagon leaders publicly described concerns that E-7 would be less survivable in a contested environment, while arguing space-based AMTI and distributed sensors may eventually do part of the mission. Australia’s calculus is different: smaller force regional needs Wedgetail already proven in service doctrinal comfort with airborne battle management So: Australia: “This works well for us.” USAF: “It works—but is it still the right answer for the next war?” 5. The USAF’s E-3 replacement urgency made expectations harsher Australia could bring Wedgetail in gradually. The USAF has aging Boeing E-3 Sentry aircraft and a much larger mission set: homeland defense NATO support Indo-Pacific global tasking That makes schedule slips and cost growth politically painful. Bottom line The USAF’s issue was not “Australia got a good aircraft and America got a bad one.” It was: Australia’s early problem: radar/software development and integration USAF’s later problem: adapting the mature aircraft to U.S. requirements cost growth supply chain/timing and especially doubts about survivability against China The irony is that the USAF generally agrees the Wedgetail is far more capable than the aging E-3. The debate became whether a crewed AEW&C aircraft remains the best long-term answer at all.
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Ok so in your earlier post everything was great until Trudeau came along and it was “almost paradise” before that. Now you’re admitting it’s been shit during the Harper years right after you denied my claim that it’s been shit since NAFTA. What your chart shows is thatbsince the dawn of the tech age in late 90s, thatbis where growth occurs. Manufacturing is not where economic growth is. Apple isn’t rich because it makes phones. They outsource that to contractors in places like China and third world countries. They’re rich because they own the patents and the software that goes into the phones. That’s where the money and the power is. Chasing low skill factory jobs is a sucker’s game and Canada played it for too long.
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The unemployment rate for example was higher than today in the midst of a trade war. Productivity was still crappy. We were already years past the financial crisis. Trudeau took office in November 2015 it’s not realistic to suggest the collapse in economic indicators are the result of anything he did. As everyone knows, 2015 is the year that oil prices fell to record lows and the oilsands collapsed and never recovered. That’s what that’s about. The rest of your post is just a fact free diatribe of things you wish to be true Just saying “nope” to politically inconvenient facts doesn’t make them untrue Yes Billions of investment is pouring in there’s a whole other thread about this LOL we already have one and new money is pouring in. See the part in the other thread about airbus. You gotta follow the actual news more and spend less time absorbing propaganda.
