Liberal (Minority/Majority) Government 2025 - ???

[ArmyRick]

https://www.cbc.ca/news/politics/carney-responds-to-recessison-news-9.7220490

Oh my GOD, it Derek Holt. He a chief economist at scotiabank!

I guess the argument is SETTLED!!!

Embarrasing.

Tell you what, skippy. Yeah I said that. If the economy takes a huge up swing by Christmas, and I mean a real jump upwards, I will concede you were right and I was wrong on this.

 

[ArmyRick]

Cool!

Actually if you wanted to see cool as in hilarious, I had a 2 minute sparring match with a south paw fighter on my CQCI course, and south paws have always been a weakness of mine. As usual, the 50% power went out the window and we ended up going full throttle, and he was the only guy who punched the ever living shit out of me, knocking me senseless. RSM Surridge was watching the bout and tried to talk me after the bout, the pure gibberish I muttered as I was trying to get my vision to stop moving was out of this world.

 

[Altair]

Tell you what, skippy. Yeah I said that. If the economy takes a huge up swing by Christmas, and I mean a real jump upwards, I will concede you were right and I was wrong on this.

Where the economy is now has nothing to do about where the economy is going to be in December, little buddy.

I've said repeatedly the economy is pretty stagnant and I've said repeatedly I think its due to immigration being down and the population shrinking.

So why on gods green earth would I predict an upswing?

Just....wow.

 

[ArmyRick]

Where the economy is now has nothing to do about where the economy is going to be in December,

It doesn't? I think many will disagree

little buddy.

You would never talk like that to my face, but feel free to hide behind an anonymous screen name

repeatedly the economy is pretty stagnant

Then what the hell are you yammering for? Two periods of contractions is not a good thing. Your admitting the economy is at least stagnant, some would say its in the dumps.

repeatedly I think its due to immigration being down and the population shrinking.

I won't entirely disagree with you. That being said, the RIGHT population growth is needed to improve the GDP growth (or contribute to it) such as more people entering the workforce and more successful entrepeneurs and not draining on public resources negatively

So why on gods green earth would I predict

Come on, Nostradamus, where is that "future insight" you had in January?

 

[Altair]

It doesn't? I think many will disagree

Unless there are underlying trends being shown to us in the data that will bear weight in December, I don't put much stock in it.

What, are we going to continue to import a bunch of gold in december because we did now?

You would never talk like that to my face, but feel free to hide behind an anonymous screen name

If you called me skippy to my face I would most definately respond in kind internet tough guy.

Then what the hell are you yammering for? Two periods of contractions is not a good thing. Your admitting the economy is at least stagnant, some would say its in the dumps.

It's not that we had two periods of contraction, its why and how we had two periods of contraction. If we had entire sectors going under, or massive job losses, or exports collapsed, ya, signs of trouble. If we imported more gold and that counts against the GDP of the country, should we be worried?

Or put another way, my wife buys a bunch of plants to do her garden. We have less money this month than last month because of it. Do I freak out? No. If my mortgage and gas costs more than my income, do I freak out? Yes.

People pointing saying "Recession, recession, everything is terrible!" are missing the point that if we didn't import so much gold and the population didnt shrink our GDP would have grown by a tiny amount, but then technically we would not be in recession. Would we be any better off as a whole? No.

It's bloody lazy.

I won't entirely disagree with you. That being said, the RIGHT population growth is needed to improve the GDP growth (or contribute to it) such as more people entering the workforce and more successful entrepeneurs and not draining on public resources negatively

Yet we are in negative growth right now, actively shrinking. The trade off is slower and weaker economic growth. Yet, again, people will point to that same slower or weaker economic growth and try to sound the alarm bells. What, would we prefer the Trudeau way of opening the floodgates but we wouldn't be in recession?

People need to make up their minds.

Come on, Nostradamus, where is that "future insight" you had in January?

I wasted it on my post about deeds not words.

 

[ArmyRick]

So after all that long winded explanations, and seeing your point of view, or rather somewhere in the middle, why did you challenge Brian's video with the prof?

I really think your underplaying the dangers of a recession at a time when inflation is high and thanks to the previous PM (lets face it, its not a new government) has caused a lot of inflation. Add to that housing prices are sky high, so it drives up rent and mortgages sky high, add to that highly inflated food prices and we are now seeing a population on the edge of disaster. Under that context, a recession is a big deal. It can push many more people into poverty.

 

[Altair]

So after all that long winded explanations, and seeing your point of view, or rather somewhere in the middle, why did you challenge Brian's video with the prof?

Because this 'recession' happened because of a bunch of gold imports. Is Canada in economic trouble because of a bunch of gold imports? Are businesses about to go under because of a bunch of gold imports? Are people lining up to go to food banks because of a bunch of gold imports?

Yes Canada is in recession. But it's in recession by such a sliver that even 0.2 percent of a 3.1 trillion dollar economy acting differently and we are not.

So everyone saying, oh god, recession like it's 2008/2009 is being disingenous. They are being lazy. Would people be saying this if the economy grew by 0.1 percent? No. Because Canada would technically not be in recession. You know how small 0.2 percent is? 6.2 billion. 6.2 billion of 3.1 trillion of our economy acts differently and all these experts shut the hell up.

Lazy.

I really think your underplaying the dangers of a recession at a time when inflation is high and thanks to the previous PM (lets face it, its not a new government) has caused a lot of inflation. Add to that housing prices are sky high, so it drives up rent and mortgages sky high, add to that highly inflated food prices and we are now seeing a population on the edge of disaster. Under that context, a recession is a big deal. It can push many more people into poverty.

Read above.

 

[YZT580]

Where the economy is now has nothing to do about where the economy is going to be in December, little buddy.

I've said repeatedly the economy is pretty stagnant and I've said repeatedly I think its due to immigration being down and the population shrinking.

So why on gods green earth would I predict an upswing?

Just....wow.

and I say that it is because our productivity per capita is the shits compared to the U.S., Korea, Japan, etc. Our unions have driven our industry to accept 50% from their employees. We avoid risk and we start looking for why not excuses instead of just going for it. Lots of other stuff too but blaming population/immigration is a strawman argument.

 

[Altair]

and I say that it is because our productivity per capita is the shits compared to the U.S., Korea, Japan, etc. Our unions have driven our industry to accept 50% from their employees. We avoid risk and we start looking for why not excuses instead of just going for it. Lots of other stuff too but blaming population/immigration is a strawman argument.

Productivity: Canada a laggard among G7 countries | Montreal Economic Institute

The Canadian economy lags behind in terms of productivity due to a lack of investment, concludes a study published this morning by the Montreal Economic Institute.

www.iedm.org

“Canada’s productivity gap is worrisome and has a direct impact on our standard of living,” explains Renaud Brossard, senior director of communications at the MEI and one of the authors of the study. “The less value that is created by an hour of work, the less that hour can be remunerated.”

At purchasing power parity, each hour worked in Canada in 2022 produced a value of US$53.30 (constant 2015 dollars). That puts Canada in next-to-last place among G7 countries, ahead of Japan.

That was amusing.

https://www.oecd.org/en/publications/oecd-economic-surveys-canada-2025_28f9e02c-en/full-report/raising-business-sector-productivity_443bcd88.html

Also funny.

 

[PPCLI Guy]

Actually if you wanted to see cool as in hilarious, I had a 2 minute sparring match with a south paw fighter on my CQCI course, and south paws have always been a weakness of mine. As usual, the 50% power went out the window and we ended up going full throttle, and he was the only guy who punched the ever living shit out of me, knocking me senseless. RSM Surridge was watching the bout and tried to talk me after the bout, the pure gibberish I muttered as I was trying to get my vision to stop moving was out of this world.

John May?

 

[ArmyRick]

John May?

The guy who knocked the piss out of me? No, his name was Slomenski or something like that. Armoured guy.

 

[daftandbarmy]

and I say that it is because our productivity per capita is the shits compared to the U.S., Korea, Japan, etc. Our unions have driven our industry to accept 50% from their employees. We avoid risk and we start looking for why not excuses instead of just going for it. Lots of other stuff too but blaming population/immigration is a strawman argument.

It's a four decade long problem, and some 'big giant heads' have been trying to figure out how to fix it for quite some time - e.g.,

The Importance of New Ideas in Determining Canada’s Long-Term Productivity Growth

Economists view productivity growth as the main long-term determinant of improvements in the average standard of living, as measured by the growth in gross domestic product (GDP) per capita. Researchers and policy makers note that a decline in productivity growth over the past few decades is one of Canada’s most important economic challenges. This decline is a concern for parliamentarians and the federal government because, if it is not reversed, Canadians’ average standard of living will grow less rapidly, if not decline, in the future.

The aim of this publication is to explain what productivity growth is and why it matters for improving Canada’s average standard of living. It explores the importance of “new ideas” – a concept coined by the Nobel Laureate Paul M. Romer – in determining Canada’s long-term productivity growth and emphasizes that the long term growth of an advanced economy like Canada depends largely on the extent to which new ideas are generated and those ideas become innovations that increase productivity. The basic insight emerging from the economic literature is that the long run growth rate of an advanced economy is primarily the product of the number of researchers, entrepreneurs and scientists and their respective productivity.

Recent research suggests that significant, ground-breaking ideas are becoming more difficult to find and that investments in research and development need to be significantly enhanced in Canada and globally in order to continue to find those ideas.

The Importance of New Ideas in Determining Canada’s Long-Term Productivity Growth

 

[Good2Golf]

Canada adds 87,800 jobs in May, far exceeding estimates

Unemployment rate fell to 6.6 per cent during strongest month for job creation since 2024

www.theglobeandmail.com

Technical recession, but the economy adds 87k jobs.

The economy doesnt know whats happening.

Decreased productivity offsetting increase in workforce size.

I am happy about the numbers, while being confused about the state of the economy as a whole.

Don’t be. The U.S. Ged was using micro quantitative easing to keep the GDP numbers from dipping negative so that ‘technical recession’ was ‘avoided’…Tiff Macklem didn’t micro aware like Powell did south of the 49th.

Carney was Harper’s and Trudeau's economic advisor. Why people thought the economy would be better with Carney as PM has never made sense to me. (Again, we both said the same thing at the time)

So Harper following Carney’s advice for leveraging Chretien/Martin stabilization of the economy and reduction of net debt to succeed in the 2005-2015 window doesn’t get counted as a W for Carney, just that he isn’t nearly as capable dealing with Trumps economic circus as Poilievre would be?

Go head to head with Prof Eric Kam in a public debate on economics in our nation,. I fucking dare you to do it. No? He would chew you up and spit you out. And you know it.

Here are some clouds for you to shout at….

 

[YZT580]

Productivity: Canada a laggard among G7 countries | Montreal Economic Institute

The Canadian economy lags behind in terms of productivity due to a lack of investment, concludes a study published this morning by the Montreal Economic Institute.

www.iedm.org

That was amusing.

https://www.oecd.org/en/publications/oecd-economic-surveys-canada-2025_28f9e02c-en/full-report/raising-business-sector-productivity_443bcd88.html

View attachment 100660

Also funny.

it was wasn't it. Shouldn't just look at the appearance of things. Me bad. Doesn't change the text though. Productivity sucks

 

[Altair]

https://www.cbc.ca/news/politics/mary-simon-mark-carney-alberta-unity-canada-9.7225389

Outgoing Gov. Gen. Mary Simon says she wondered halfway through her five-year mandate whether she'd be able to complete the full term.

"Sometimes it can be overwhelming," Simon said in an interview with CBC's The House airing Saturday morning. "I just went through a very short period where I just thought: 'I wonder if I can get through the five years.' But I got through it…

"I think I became stronger at that point."

Simon, who is 78 years old, cited her age and the demands associated with the role as factors that made her question how long she could stay on the job

78? Wow. Ya, i can see that. Good thing carney went with someone younger for her replacement...

checks louise arbours age

Oh good grief...

 

[mariomike]

https://www.cbc.ca/news/politics/mary-simon-mark-carney-alberta-unity-canada-9.7225389

78? Wow. Ya, i can see that. Good thing carney went with someone younger for her replacement...

checks louise arbours age

Oh good grief...

Louise was born six months before Mary. < facepalm emoji

 

[Maxman1]

So Harper following Carney’s advice for leveraging Chretien/Martin stabilization of the economy and reduction of net debt to succeed in the 2005-2015 window doesn’t get counted as a W for Carney, just that he isn’t nearly as capable dealing with Trumps economic circus as Poilievre would be?

No, he was governor of the Bank of Canada during Harper's tenure. That's not at all the same as being Trudeau's economic advisor. The Bank of Canada deals with monetary policy only, not fiscal policy.

The governor of the Bank of Canada is also appointed by the board of directors, not the Prime Minister (the deputy finance minister is on the board, but does not get a vote in this matter). Cabinet can theoretically veto an appointment if they really wanted to, but in practice never does.

 

[Good2Golf]

No, he was governor of the Bank of Canada during Harper's tenure. That's not at all the same as being Trudeau's economic advisor. The Bank of Canada deals with monetary policy only, not fiscal policy.

The governor of the Bank of Canada is also appointed by the board of directors, not the Prime Minister (the deputy finance minister is on the board, but does not get a vote in this matter). Cabinet can theoretically veto an appointment if they really wanted to, but in practice never does.

Accurate to the stated policy. No link to Harper, sure. Then none to Trudeau either, right?

Folks of course are tempted to bend things to suit their own perspectives…

 

[Maxman1]

Accurate to the stated policy. No link to Harper, sure. Then none to Trudeau either, right?

No, he was actually an advisor to Trudeau starting in 2020, at first for the COVID recovery strategy, then staying on afterwards.

https://www.cbc.ca/news/politics/mark-carney-adviser-coronavirus-response-1.5680765

Folks of course are tempted to bend things to suit their own perspectives…

Talk about the pot calling the kettle black.

 

[Altair]

I remember being a broke ass private struggling to afford stuff.

I remember going to SISIP and having a financial advisor tell me and my wife to get rid of our dog and move into a basement apartment.

I remember telling said financial advisor that we would be doing no such thing.

Financial advisors, it turns out, can be ignored.

The stuff Carney is doing as boss is probably along the lines of what Carney told Trudeau to do as boss, to which Trudeau probably told him he would do no such thing.