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Canada Economy Still Surging! Yet Another Hot month


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https://www.google.ca/amp/business.financialpost.com/news/economy/the-canadian-economy-is-really-firing-on-all-cylinders-morneau/wcm/b25c8756-a725-4411-9d4f-799c04b2a917/amp

 

After nearly a year and a half of solid GDP growth, and a sizzling quarter of nearly 4% annual growth, yet another month of solid gains in the jobs figure has materialized

 

With 45,000 jobs added in June that is equivalent to the USA adding 400,000 jobs in a month when comparing population size

 

Despite Real-Estate peaking and showing signs the 17 year housing boom may be coming to an end, other sectors remain very robust from retail, service sector, manufacturing and exports 

 

High consumer debt and a possible collapse instead of cooling in housing market remains a big concern

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Economy
39 minutes ago, giantdoseofbs said:

giphy.gif

:wub::wub:

His stimulus package working and our deficits are only 1.5% of GDP with it :giveup: 

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Economy

@Luc

 

Weve spoken about infrastructure spending before and its benefits before.

 

To all the critics against Kennesian economics :fthis:

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Economy
16 minutes ago, OBEY said:

That's good! Happy for people with new jobs!!!!

Ontario, British Columbia and Quebec have gotten the most growth!

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Maleficent
12 minutes ago, Economy said:

Ontario, British Columbia and Quebec have gotten the most growth!

The only provinces that matter, to be honest. 

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JustinTrudeau
1 minute ago, Maleficent said:

The only provinces that matter, to be honest. 

:reductive: heh, I won't argue with you

OP: That's amazing. I didn't know that my own country did so well in June. But could the numbers be partially made up of student part timers for their summer jobs, I wonder?

 

I fell down the stairs once as an actor.
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Economy
4 minutes ago, ZarinStar said:

:reductive: heh, I won't argue with you

OP: That's amazing. I didn't know that my own country did so well in June. But could the numbers be partially made up of student part timers for their summer jobs, I wonder?

 

Well in June there were more part-times than full-times which is typical

 

But over the past year as a whole weve created more full times than part times and it was nearly 400,000 jobs we created past 12 months... 

 

Thas the most since the boom of 1979!!!!

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Economy
8 minutes ago, Maleficent said:

The only provinces that matter, to be honest. 

Alberta alone made 82% of job gains in Canada from 2009 to 2013 so now its our turn!

 

They can suck on the oil crash tbh :neyde: 

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JustinTrudeau
18 hours ago, Economy said:

Well in June there were more part-times than full-times which is typical

 

But over the past year as a whole weve created more full times than part times and it was nearly 400,000 jobs we created past 12 months... 

 

Thas the most since the boom of 1979!!!!

That's awesome :D

I fell down the stairs once as an actor.
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Economy
2 hours ago, ZarinStar said:

That's awesome :D

Yup!

 

hopefully high consumer debt and serious housing imbalances dont kill it 👀

 

But rising incomes and falling unemployment can help make home prices and debt more manageable and hopefully perhaps we get a gradual correction rather than a sharp collapse!

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