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:

116K views · 1.9K 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

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...

www.facebook.com

 

[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.’

 

[daftandbarmy]

Well, that figures...

View this content on Instagram

View this content on Instagram

 

[Underway]

Are those metrics directly related to health care results? I don't know.

Either way this is not a Canada discussion this is a provincial discussion. Federal gov't only throws money to the prov's. Complain to your MPP not your MP people!

 

[childs56]

Are those metrics directly related to health care results? I don't know.

Either way this is not a Canada discussion this is a provincial discussion. Federal gov't only throws money to the prov's. Complain to your MPP not your MP people!

MPP is a term that was and or currently used in lower Canada and Quebec.
Elsewhere they are referred to MLAs or MHA in NFL and Labrador and currently MNA in Quebec.

I had to look up the term MPP to male sure I understood the context.

Most of provincial and territorial healtcare are regulated by the federal health act. It would fall on both federal and provincial/territorial to work on fixing the concerns and issues.
If it was one province or area them things might be different. We have major issues across the country that need to be addressed.

 

[Halifax Tar]

Well, that figures...

View this content on Instagram

View this content on Instagram

And yet we hang on to this model with a death grip. Like its the core of our identity.

Are those metrics directly related to health care results? I don't know.

Either way this is not a Canada discussion this is a provincial discussion. Federal gov't only throws money to the prov's. Complain to your MPP not your MP people!

Ill believe that when federal parties stop campanging on it.

Look, there's the way things are and the way thing should be. They often don't merry up.

 

[ArmyRick]

Are those metrics directly related to health care results? I don't know.

Either way this is not a Canada discussion this is a provincial discussion. Federal gov't only throws money to the prov's. Complain to your MPP not your MP people!

No, the Liberals had several health care campaign promises last election (Expanding the workforce, committing more money to infrastructure, system modernization, targeted funding to certain healthcare aspects, etc), so the federal government is taking partial ownership for it and therefore has a role.

 

[daftandbarmy]

Are those metrics directly related to health care results? I don't know.

Either way this is not a Canada discussion this is a provincial discussion. Federal gov't only throws money to the prov's. Complain to your MPP not your MP people!

The Canada Health Act enters the chat...

About the Canada Health Act​

The Canada Health Act is Canada's federal legislation for publicly funded health care insurance. Under the act, eligible residents of Canada must have reasonable access to required health services. The services are to be provided on the same terms and without patient charges.

The act sets out the criteria and conditions for the coverage of insured health services and extended health care services. The provinces and territories must meet these conditions to receive their full federal cash contribution under the Canada Health Transfer. Failing to meet these conditions could result in deductions to their transfer payments.

Read about Canada Health Transfer deductions and reimbursements.

Insured health services include medically necessary hospital, physician and certain surgical-dental services. Extended health care services include certain long-term care services like nursing home care and adult residential care.

Learn more about publicly funded health insurance coverage.

About the Canada Health Act - Canada.ca

Canada Health Act overview and links to annual reports and other resources related to the Act

www.canada.ca

 

[captloadie]

Did the study look at other areas that may have showed we were at the top of the rankings but didn't make it into the graphic because it didn't fit the narrative? As mentioned by Underway, what are the outcomes? Do we have a better birth survival rate? What about cancer treatment and remissions rates? Do we have a more senior population than those other nations, thus a potential larger piece of the pie going to their medical care? I looked at the study, and while some of the findings are concerning, it is based on a per capita age adjusted metric, not on a requirements basis. So while we may rank near the bottom of the list for areas like somatic beds and psychiatric beds, it doesn't actually say whether we actually need more of these to meet the demand.

 

[Czech_pivo]

The Canada Health Act enters the chat...

About the Canada Health Act​

The Canada Health Act is Canada's federal legislation for publicly funded health care insurance. Under the act, eligible residents of Canada must have reasonable access to required health services. The services are to be provided on the same terms and without patient charges.

The act sets out the criteria and conditions for the coverage of insured health services and extended health care services. The provinces and territories must meet these conditions to receive their full federal cash contribution under the Canada Health Transfer. Failing to meet these conditions could result in deductions to their transfer payments.

Read about Canada Health Transfer deductions and reimbursements.

Insured health services include medically necessary hospital, physician and certain surgical-dental services. Extended health care services include certain long-term care services like nursing home care and adult residential care.

Learn more about publicly funded health insurance coverage.

About the Canada Health Act - Canada.ca

Canada Health Act overview and links to annual reports and other resources related to the Act

www.canada.ca

Some of the issues surrounding Health Care, availability of service providers, etc, is extremely similar to Immigration coming into Canada.

Immigration into Canada typically is heavily centered on a few provinces (Ontario, specifically south-west Ontario and GTHA), Alberta, (Edmonton-Calgary corridor), lower BC and the greater Montreal areas. Immigration of any real size/mass tends to skip all the rest of Canada. Yes, some do go to the other areas, but they are the exception not the rule. It's pretty much the exact same thing with existing or newly minted health care workers - the vast majority move to or stay in the above areas.

Why do both new Immigrants and newly minted health care workers move to these areas - the amenities, the infrastructure, the culture, the schooling, everything is already there for them to access.

Few very professional health care workers wan to live/work outside of those areas because those other areas tend to lack the things that I discussed in terms of scale, depth and breadth of want they want/need. You can't force a 30yr who just became a GP at Memorial Uni to live on rural NFLD if they don't want to. You can't force a new minted Cardiologist from Western to pick up and move to Timmins or Hearst or Sault Ste Marie if they don't have an existing family connection there or a deep desire to live where the pace of life is substantially quieter.

Just like you can't expect an new immigrant to move to the above places as well.....

 

[Underway]

And yet we hang on to this model with a death grip. Like its the core of our identity.



Ill believe that when federal parties stop campanging on it.

Look, there's the way things are and the way thing should be. They often don't merry up.

They do because us morons keep voting in federal elections for issues that federal can't fix. It's classic political take credit for things that are not in your control and shift blame for things that aren't game.

Provinces could walk away from federal funding for health care and do their own thing any time. It's a lot of money though and that does have other types of costs.

The myth (IMHO) of the Canadian health care system is an identity. It's also not actually a true. It's 10 seperate provincial health care systems. I suppose all countries need national myths, that's a weird one to hang onto.

 

[Halifax Tar]

They do because us morons keep voting in federal elections for issues that federal can't fix. It's classic political take credit for things that are not in your control and shift blame for things that aren't game.

That's definitely one take.

Provinces could walk away from federal funding for health care and do their own thing any time. It's a lot of money though and that does have other types of costs.

Absolutley

Like I said there's the way things are the way things should be.

The myth (IMHO) of the Canadian health care system is an identity. It's also not actually a true. It's 10 seperate provincial health care systems. I suppose all countries need national myths, that's a weird one to hang onto.

That's not a myth I uphold. But ask Canadians to define Canada and I bet free healthcare is one of the first responses from the majority.

 

[YZT580]

Just like you can't expect an new immigrant to move to the above places as well.....

Why not? If the rules were changed to require immigrants to have a job lined up before arrival then they would be destined for Earlton or Melfort from the moment they bought their ticket.

 

[RangerRay]

Some of the issues surrounding Health Care, availability of service providers, etc, is extremely similar to Immigration coming into Canada.

Immigration into Canada typically is heavily centered on a few provinces (Ontario, specifically south-west Ontario and GTHA), Alberta, (Edmonton-Calgary corridor), lower BC and the greater Montreal areas. Immigration of any real size/mass tends to skip all the rest of Canada. Yes, some do go to the other areas, but they are the exception not the rule. It's pretty much the exact same thing with existing or newly minted health care workers - the vast majority move to or stay in the above areas.

Why do both new Immigrants and newly minted health care workers move to these areas - the amenities, the infrastructure, the culture, the schooling, everything is already there for them to access.

Few very professional health care workers wan to live/work outside of those areas because those other areas tend to lack the things that I discussed in terms of scale, depth and breadth of want they want/need. You can't force a 30yr who just became a GP at Memorial Uni to live on rural NFLD if they don't want to. You can't force a new minted Cardiologist from Western to pick up and move to Timmins or Hearst or Sault Ste Marie if they don't have an existing family connection there or a deep desire to live where the pace of life is substantially quieter.

Just like you can't expect an new immigrant to move to the above places as well.....

One big thing keeping young single professionals from moving to the hinterland is the shallow dating pool.

 

[foresterab]

One big thing keeping young single professionals from moving to the hinterland is the shallow dating pool.

Man....some places I lived it was a puddle...

But yes it remains a major issue for both single and married professionals to be able to re-locate especially if there is only a job for one of the two professionals. A challenge I believe the CAF is well aware of from posting/release rates

 

[childs56]

They do because us morons keep voting in federal elections for issues that federal can't fix. It's classic political take credit for things that are not in your control and shift blame for things that aren't game.

lol

Provinces could walk away from federal funding for health care and do their own thing any time. It's a lot of money though and that does have other types of costs.

Similar to how a province could have sovereignty as Quebec has and still reap the rewards and then some of the overall system.

The myth (IMHO) of the Canadian health care system is an identity. It's also not actually a true. It's 10 seperate provincial health care systems. I suppose all countries need national myths, that's a weird one to hang onto.

They all combine under one national system for funding and program costs. One of the big 4 provinces could go it alone, it would be expensive. The other provinces and territories systems would collapse entirely, they do not have the funding and or population to support a independent program. Hence why the Canadian Healthcare program has generally been accepted as world class.

 

[Czech_pivo]

Why not? If the rules were changed to require immigrants to have a job lined up before arrival then they would be destined for Earlton or Melfort from the moment they bought their ticket.

They basically have tried this in the past - both for immigrants and for health care professionals - they create a 'fixed time period' that they need to reside in a place before they are 'free' to live somewhere else. It doesn't fix the issue problem at all. It merely kicks the can down the road.

 

[MacNav63]

They basically have tried this in the past - both for immigrants and for health care professionals - they create a 'fixed time period' that they need to reside in a place before they are 'free' to live somewhere else. It doesn't fix the issue problem at all. It merely kicks the can down the road.

I don't know if it's still the case but when I was working for the Canadian Medical Association 20+ years ago I was astounded by the number of South African and Irish doctors working in Canada, particularly in places like NL and Sask.