Canadian growth forecasts beating the U.S. despite tariffs: Bloomberg

[BeaverFever]

 

 

 

[I am Groot]

All of Canada's growth is coming from the immense number of new people flooding into the country every year. That's fake growth as our GDP per capita continues to decline.

Given that most of our exports to the US are covered by the free trade agreement, their tariffs haven't had much impact on us yet. You wouldn't know that from what the media and Carney say, of course, as both have an interest in pumping up the idea of a crisis.

Edited September 11, 2025 by I am Groot

[BeaverFever]

2 hours ago, I am Groot said:

All of Canada's growth is coming from the immense number of new people flooding into the country every year. That's fake growth as our GDP per capita continues to decline.

Given that most of our exports to the US are covered by the free trade agreement, their tariffs haven't had much impact on us yet. You wouldn't know that from what the media and Carney say, of course, as both have an interest in pumping up the idea of a crisis.

Trump is going to destroy that free trade agreement next year. We gotta make hay while the sun’s still shining. Time is of the essence  

And he has batted the steel, auto and other sectors with his so-called “strategic sector” tariffs. 
 

GDP per capita is a misleading number. Look at the southern shithole states a lot of them have higher GDP per capita than anywhere in Canada but the people who live there have much lower average income and way more people living in poverty or near poverty.  In reality those are poor states where corporations and billionaires hoard money on paper for tax reasons officially boosting GDP but the wealth doesn’t circulate in the local economy. 

[herbie]

Doomscrollers despise any positive statements regarding Canada no matter who makes them or how limited. They're opinion on relativity is more worthy than some so called 'Einstein" guy.