Smallc Posted September 1, 2015 Report Share Posted September 1, 2015 We know the RBC PMI has dropped which is contra August being positive (for this ONE metric). I'm just going by everything I've read. In the eyes of pretty much every economist, did happen and was over (some would also argue that we were never in recession because we had only 5 negative months, but I think that's quibbling over minutia). Quote Link to comment Share on other sites More sharing options...
msj Posted September 1, 2015 Report Share Posted September 1, 2015 I'm just going by everything I've read. In the eyes of pretty much every economist, did happen and was over (some would also argue that we were never in recession because we had only 5 negative months, but I think that's quibbling over minutia). Fair enough. And I would prefer it if these twits would simply state the obvious: we don't know yet and we are waiting on more information and better information. I don't think it matters whether the media calls it a recession or technical recession or a recovery in the making. What will matter is how people feel on election day which is still a long way off. Quote Link to comment Share on other sites More sharing options...
Smallc Posted September 1, 2015 Report Share Posted September 1, 2015 What will matter is how people feel on election day which is still a long way off. So far, I feel like I don't want to vote Conservative again, despite everything else I post. Quote Link to comment Share on other sites More sharing options...
blueblood Posted September 2, 2015 Report Share Posted September 2, 2015 So far, I feel like I don't want to vote Conservative again, despite everything else I post. These liberals are a long way off of the days of wilfrid laurier. As for the ndp, i only need to look at manitoba for what happens. 420 million deficit and havent had a balanced budget in some time along with a credit downgrade. And those were the "moderate" ones! Quote Link to comment Share on other sites More sharing options...
Smallc Posted September 2, 2015 Report Share Posted September 2, 2015 As for the ndp, i only need to look at manitoba for what happens. 420 million deficit and havent had a balanced budget in some time along with a credit downgrade. And those were the "moderate" ones! It's worth mentioning though - they were in surplus until the financial crisis and then the massive flood. It's also worth mentioning that they presided over 2 - 3 credit upgrades. Quote Link to comment Share on other sites More sharing options...
blueblood Posted September 2, 2015 Report Share Posted September 2, 2015 It's worth mentioning though - they were in surplus until the financial crisis and then the massive flood. It's also worth mentioning that they presided over 2 - 3 credit upgrades. Then they bent the knee for the kennedy family and wasted a billion dollars sending a power line down the west side of the province and upping the pst. Sask will be in half the deficit with the wildfires and back to balanced budgets after. One time. The mb ndp still has a credit downgrade along with systemic deficits. Quote Link to comment Share on other sites More sharing options...
Vancouver King Posted September 2, 2015 Report Share Posted September 2, 2015 Add it all up and Tuesday's data suggests "there was a recession," TD Bank economist Randall Bartlett said. "In our view, it was a very very mild one in the first half of 2015, but that's behind us now and all indications point to a positive growing economy for the rest of the year." http://www.cbc.ca/news/business/gdp-economy-recession-1.3210790 But until the numbers indicate otherwise in 6-7 months, Canada officially remains in recession. Refer to the Balanced Budget Act thread and read Harpers own definition of a recession's conclusion. Quote Link to comment Share on other sites More sharing options...
CITIZEN_2015 Posted September 2, 2015 Report Share Posted September 2, 2015 Liberal are wrong on deficit spending. 80% of economy is growing. Only the resource sector is in recession. The economy will grow strongly in the second half of this year and the budget will likely balanced too. Don't fix it when it is not broken. The Cons have done well on economy but they did ran an undemocratic secretive government and the polls is just reflecting the latter not the former. Quote Link to comment Share on other sites More sharing options...
cybercoma Posted September 2, 2015 Report Share Posted September 2, 2015 Only the resource sector is in recession. This is a blatant lie. For the first half of the year not only were mining, quarrying, and oil and gas extraction down, but also construction, manufacturing, wholesale trade, and transportation and warehousing. See StatsCan CANSIM Table 379-0031: http://www5.statcan.gc.ca/cansim/a26?lang=eng&id=3790031 Quote Link to comment Share on other sites More sharing options...
CITIZEN_2015 Posted September 2, 2015 Report Share Posted September 2, 2015 (edited) So out of 36 industries listed some 6 or 7 are down. That is less than 20%. All industries is actually up slightly between February to end of June. Edited September 2, 2015 by CITIZEN_2015 Quote Link to comment Share on other sites More sharing options...
cybercoma Posted September 2, 2015 Report Share Posted September 2, 2015 (edited) You want to take another stab at that? Edited September 2, 2015 by cybercoma Quote Link to comment Share on other sites More sharing options...
Smallc Posted September 2, 2015 Report Share Posted September 2, 2015 (edited) How come a positive of 0.1 is stagnant, but a negative of 0.1 is in decline? Edited September 2, 2015 by Smallc Quote Link to comment Share on other sites More sharing options...
CITIZEN_2015 Posted September 2, 2015 Report Share Posted September 2, 2015 What I was saying that if you exclude the resource economy then we will have a normal growth for first half of year. Quote Link to comment Share on other sites More sharing options...
cybercoma Posted September 2, 2015 Report Share Posted September 2, 2015 Sure. Hey, if we exclude half the sectors, we have massively positive growth! Quote Link to comment Share on other sites More sharing options...
The_Squid Posted September 2, 2015 Report Share Posted September 2, 2015 Sure. Hey, if we exclude half the sectors, we have massively positive growth! LOL Now there's some right-wing logic! Quote Link to comment Share on other sites More sharing options...
CITIZEN_2015 Posted September 3, 2015 Report Share Posted September 3, 2015 Basically I was pointing to the fact that if there wasn't because of factors beyond the control of any government regardless of what party forms that government then the economy would have had solid growth. So lets not condemn the Tories for what they are of no fault but rather condemn them for what they are at fault and that is scandals and running undemocratic secretive corrupt government. I am far from being right wing. My posts are indicative of that fact. Quote Link to comment Share on other sites More sharing options...
cybercoma Posted September 3, 2015 Report Share Posted September 3, 2015 I was just pointing out that the talking point you picked up from the Conservatives, that the downturn is only oil and gas, is wrong. Quote Link to comment Share on other sites More sharing options...
ReeferMadness Posted September 3, 2015 Report Share Posted September 3, 2015 Sure. Hey, if we exclude half the sectors, we have massively positive growth! If I ignore my bills, I'm in great financial shape. Quote Link to comment Share on other sites More sharing options...
cybercoma Posted September 4, 2015 Report Share Posted September 4, 2015 (edited) Mulcair continues to be punished in the polls, likely for his dismissal of the debates in Harper's absence. Ekos has the numbers N-30.2, C-29.5, L-27.7, G-6.4, B-4.2, Oth-1.9. The NDP are down over 3.5 points since the end of July, CPC virtually unchanged (down half a point), and LPC up 2.5 points. Edited September 4, 2015 by cybercoma Quote Link to comment Share on other sites More sharing options...
Smallc Posted September 4, 2015 Report Share Posted September 4, 2015 If Justin Trudeau pulls this off, I'll be very surprised, and very disappointed. I think Mulcair's real problem is that the NDP and Liberals have switched places in terms of policy lately. Quote Link to comment Share on other sites More sharing options...
Vancouver King Posted September 4, 2015 Report Share Posted September 4, 2015 Today's EKOS poll confirms recent soundings - all 3 major parties are in a dead heat. NDP - 30.2 CPC - 29.5 Libs - 27.7 Quote Link to comment Share on other sites More sharing options...
CITIZEN_2015 Posted September 4, 2015 Report Share Posted September 4, 2015 He may be down because of his immigration policy also the fact that he like conservative wishes to balance the budget this year and apparently his numbers don't add up. Even though I would like to vote ABC but Trudeau is no choice for me and I am beginning to have my doubts about voting Mulcair too!!!. Quote Link to comment Share on other sites More sharing options...
cybercoma Posted September 4, 2015 Report Share Posted September 4, 2015 (edited) He may be down because of his immigration policy Not even remotely likely. He's being punished for saying he won't attend debates unless Harper is there, as well as people thinking Trudeau won the debates for some bizarre reason. Edited September 4, 2015 by cybercoma Quote Link to comment Share on other sites More sharing options...
Vancouver King Posted September 4, 2015 Report Share Posted September 4, 2015 He may be down because of his immigration policy also the fact that he like conservative wishes to balance the budget this year and apparently his numbers don't add up. Even though I would like to vote ABC but Trudeau is no choice for me and I am beginning to have my doubts about voting Mulcair too!!!. We shall see how Harper's response to the humanitarian refugee crisis - emphasizing military involvement - plays with voters. Quote Link to comment Share on other sites More sharing options...
Evening Star Posted September 4, 2015 Report Share Posted September 4, 2015 If Justin Trudeau pulls this off, I'll be very surprised, and very disappointed. I think Mulcair's real problem is that the NDP and Liberals have switched places in terms of policy lately. Yeah, I think the NDP was benefiting from a genuine resurgence in left-leaning sentiment globally and a fatigue with the two old-line parties in Canada. I don't think people wanted the NDP to become the Liberals. Quote Link to comment Share on other sites More sharing options...
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