Canada Ping!
” - - - the private sector is actually showing a loss of 12,000 jobs, compared to a surge of 76,000 jobs in the public sector.”
Sobering, very sobering.
In earlier days of a strong dollar policy (as in the days of Ronald Reagan) this would have indicated that the Canuks were managing the store just fine.
Guess times have changed.
Canada Ping!
I would suggest that the figures be viewed on a province by province basis. Liberal BC and Ontario (Vancouver and Toronto) are not the whole county though they are a significant part of the problem. Their provincial finances are a mess. They are like blue states in the USA.
Unemployment in Alberta is 4%, though the current conservative government is lead by what in the States would be called a RHINO, if a republican.
"Welcome to the party pal!"
“When Canada invades. . . and they will. . .I want you in the trenches with me.”
- Louie’s dad to young Louie, “Life With Louie” cartoon.
I remember articles for the past year with Canadians gloating that they had lower unemployment and were attracting Canadians back plus American workers. They boomed as an export economy, mostly because they were allowed to excavate oil sands and drill for oil.
Few remaining American manufacturers: may as well give it up and shut down. Import/associated interests like Shedlock will have our worthless dollar so propped up, you won’t be able to export anything.
Consumers won’t be able to buy anything before long, so cheapening foreign products won’t be enough. Nations outside of the USA that are engaging in currency and trade wars will lose those fights against the new Third World America and only succeed in following us to the bottom. [Look down—way down! You non-Americans have no idea of what’s happened or is about to happen in the USA.]