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To: Uncle Miltie

Just curious. How do you see a vibrant economy just by a weekend visit to Vancouver?


8 posted on 03/18/2013 8:31:11 AM PDT by fwdude ( You cannot compromise with that which you must defeat.)
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To: fwdude

Energy. It was the most vibrant group of happy, spending, go get ‘em types I’ve seen in over a decade.

I’ll go get some data to back up my observation.


11 posted on 03/18/2013 8:34:42 AM PDT by Uncle Miltie (Due Process 2013: "Burn the M*****-F***er Down!")
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To: fwdude
"We expect British Columbia’s economy to be successful in overcoming the drag generated by the downturn of its housing market and more extensive public- sector restraint in 2013. Improving demand from the United States and stronger non-residential investment will provide solid support for the province’s economic growth to maintain a fairly steady course. We project British Columbia’s real GDP to grow by 2.3% in 2013, only slightly faster than the 2.1% that we forecast for 2012 (both rates will nearly match the national averages). Our initial take on the 2014 outlook keeps the course almost unaltered, as we project a growth rate of 2.6% that year."

In the midst of a housing bust, they're still growing faster than we are. Our most recent Quarter was 0.1% YOY Growth, and the Commerce Dept. had to engineer that (increasing from initial estimates of -0.1%).

http://www.rbc.com/economics/market/pdf/provfcst.pdf

15 posted on 03/18/2013 8:41:23 AM PDT by Uncle Miltie (Due Process 2013: "Burn the M*****-F***er Down!")
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