Canada's Economy Surges 3.3% In Q2 Of 2026

[Economy 52,996]

https://www.cbc.ca/news/business/canada-gdp-june-2026-9.7323847

 

Canadas economic growth reboubded strongly in Q2 of 2026 to annualized growth of 3.3%.

 

Q1 was also revised up slightly meaning Canada actually avoided technical recession from Q4 of 2025 to Q1 of 2026 despite heavy criticism from the Conservatives before the final data was out

 

Job growth has also rebounded strongly and unemployment has been falling from the peak.

 

Despite trade concerns so far foreign investment into Canada has increased since Mark Carney took over. Major fast tracked mega projects are also expected to yield tens of billions in GDP in the years to come

[SavetheEarthNow 197]

Crap like this is extremely misleading. Economic growth does not determine how well a country's people are doing. Economies can grow for many different reasons, most of them aren't positive. Such as inflation, inflation is higher, we're paying more for things, so obviously various sectors are making more money which contributes to economic growth. We're having to spend record amounts on things like food and energy, obviously all the tax we pay on these items that goes to the federal government, increases federal revenue, this contributing to economic growth. We're paying more and getting poorer, good for economic growth, bad for Canadians. People these days need to learn to stop buying into the strong economy stuff equating to meaning people are thriving. A former leader of a provincial NDP party spent a lot of time pointing this fact out and trying to educate Canadians about quality of life of Canadians not being determined by economic growth. 

Edited 3 hours ago by SavetheEarthNow

[SavetheEarthNow 197]

2 hours ago, Economy said:

Despite trade concerns so far foreign investment into Canada has increased since Mark Carney took over. Major fast tracked mega projects are also expected to yield tens of billions in GDP in the years to come

This is such misleading 💩! Under Carney, inflation has increased at a rapid rate, taxes have increased, energy prices have increased due to the conflict in middle east and Trumps war with Iran, we pay more for everything, of course there's going to be economic growth and GDP growth because we're paying more for things. Majority of jobs are also not going to Canadians, they're going to temporary foreign workers. Fast tracking "mega projects" will also not do anything for the future of the economy, these projects are just a momentary bandaid, an impulsive response to Trumps 💩. One "mega project", tackily deemed "nation building" (🙄) planned is an oil pipeline, this is an impulsive project that will cost billions and by the time it's complete and operational, mid 2030s, the world will have shifted immensely away from fossil fuels and the need for such a pipeline won't exist, just like in the US currently, in the past decade they built a whole bunch of pipelines, that are sitting unused or underused because supply for oil is down. The oil industry itself has talked about oil need peaking before 2030 and then dropping. None of these things are actually benefiting Canadians in any way. We need to bring back Justin Trudeau or at least someone with similar ideas about focusing on climate action and investment in green energy projects and incentivizing companies and industry into decreasing their carbon and methane emissions, it is renewable energy projects that will benefit the Canadian economy for years to come and lower costs of food, energy and housing. 

Edited 2 hours ago by SavetheEarthNow