Canada moves to 2% GDP end of FY25/26 - PMMC

[Good2Golf]

Matt Winkler, Bloomberg’s Editor-in-Chief’s take on Canada’s economic performance relative to other nations:

Jay (@the.dive.feed) on Threads

Bloomberg Editor-in-Chief Matt Winkler says Canada has outperformed the U.S., Eurozone, and global markets since Mark Carney became Prime Minister in March 2025.

www.threads.com

Edit to add alternate link:

24K views · 615 reactions | Share this far and wide with your Conservative death cultists or Maple MAGA friends who wish and hope Canada fails . On Bloomberg podcast today, per Matt Winkler, Editor In Chief. This is one of the greatest periods in

Share this far and wide with your Conservative death cultists or Maple MAGA friends who wish and hope Canada fails . On Bloomberg podcast today, per Matt Winkler, Editor In Chief. This is one of...

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[Halifax Tar]

Matt Winkler, Bloomberg’s Editor-in-Chief’s take on Canada’s economic performance relative to other nations:

Jay (@the.dive.feed) on Threads

Bloomberg Editor-in-Chief Matt Winkler says Canada has outperformed the U.S., Eurozone, and global markets since Mark Carney became Prime Minister in March 2025.

www.threads.com

I mean gas went down this week... Woo hoo!

 

[Good2Golf]

https://www.reuters.com/world/americas/canada-posts-monster-jobs-gain-july-unemployment-rate-hits-two-year-low-2026-08-07/

Reproduced below under the Canada Fair Dealings Act:

Canada posts monster jobs gain in July, unemployment rate hits two-year low

Canada's economy added far more jobs in July than expected and the unemployment rate dropped to a two-year low, data showed on Friday, in another sign the economy is ‌coping with U.S. tariffs and international tensions.

Statistics Canada said employment had jumped by 75,100 positions on strong gains in both the full-time and part-time sectors. The jobless rate fell for the third consecutive month, dipping from 6.5% to 6.4%, a level last seen in July 2024.

Analysts polled ⁠by Reuters had forecast a net gain of 16,500 positions and estimated the jobless rate would remain at 6.5%.”

July's blowout follows the creation of 87,800 jobs in May.

The Bank of Canada said on July 15 that there were clear signs the economy was dealing better with the challenges posed by U.S. President Donald Trump's tariffs and the uncertainty caused by the Middle East conflict.

It predicted annualized second quarter growth would hit 2.5% after stalling earlier in ‌the ⁠year. Preliminary Statscan data issued later that month showed the second quarter gain was likely to be closer to 3.4%.

In July, full-time employment increased by a net 38,600 jobs while part-time employment rose by 36,600 positions.

Gains were focused on the private ⁠sector, with strength in wholesale and retail trade, finance and insurance, and professional and scientific services. Public sector jobs fell by 14,500 amid an official bid to cut ⁠government spending.

The average hourly wages of permanent employees, a metric closely tracked by the central bank to gauge inflation expectations, grew 3.0% in July, ⁠up from 3.7% in June.

This was the lowest since the 2.8% year-on-year increase recorded in February 2022.”

 

[Czech_pivo]

Matt Winkler, Bloomberg’s Editor-in-Chief’s take on Canada’s economic performance relative to other nations:

Jay (@the.dive.feed) on Threads

Bloomberg Editor-in-Chief Matt Winkler says Canada has outperformed the U.S., Eurozone, and global markets since Mark Carney became Prime Minister in March 2025.

www.threads.com

He’s not lying.
Tough to hear that we are doing better than others. Better that we still better our chests and say ‘oh woe is me.’