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Canada GDP unexpectedly shrinks in first quarter
Market Watch ^
| May 29, 2015
| By Paul Vieira
Posted on 05/29/2015 7:43:46 AM PDT by Oldeconomybuyer
OTTAWA--The Canadian economy shrank in the first quarter, posting its worst three-month performance in the post-crisis era, as business investment plunged in response to the decline in crude prices.
Canada's gross domestic product declined 0.6% on an annualized basis in the first quarter, to 1.762 trillion Canadian dollars ($1.416 trillion), Statistics Canada said Friday. Market expectations were for 0.3% advance in the January-to-March period, according to a report from Royal Bank of Canada.
(Excerpt) Read more at marketwatch.com ...
TOPICS: Business/Economy; Canada; Foreign Affairs; News/Current Events
KEYWORDS: economy; gdp
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There's that word again.
To: Oldeconomybuyer
2
posted on
05/29/2015 7:45:09 AM PDT
by
BenLurkin
(The above is not a statement of fact. It is either satire or opinion. Or both.)
To: Oldeconomybuyer
My Gawd, the Obama lies have gotten so big, they’ve spilled across the border!
To: Oldeconomybuyer
The only reason for this story is to provide cover for the U.S. GDP failure. MSM at work again.
To: Buckeye McFrog
Obama: “Hell yeah! It’s CANADA’s fault!”
5
posted on
05/29/2015 7:49:05 AM PDT
by
Gaffer
To: Oldeconomybuyer
I’d bet their oil prices went down, too....
6
posted on
05/29/2015 7:49:59 AM PDT
by
Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
To: Oldeconomybuyer
Has GWB been up in Canada lately. Everything is his fault anyways.
7
posted on
05/29/2015 7:52:51 AM PDT
by
dowcaet
To: Oldeconomybuyer
8
posted on
05/29/2015 8:02:15 AM PDT
by
Paladin2
To: Oldeconomybuyer
Good old “Unexpectedly”. I’m gonna name a kid “Unexpected” Oh wait that might be misinterpreted.
9
posted on
05/29/2015 8:08:40 AM PDT
by
Don Corleone
("Oil the gun..eat the cannoli. Take it to the Mattress.")
To: Paladin2
Australia is suffering as well. Commodity exports aren't’ having the best of times. Australia, though has a terrible housing economy[bubble].
10
posted on
05/29/2015 8:25:44 AM PDT
by
Theoria
(I should never have surrendered. I should have fought until I was the last man alive)
To: Oldeconomybuyer
Of course they can always find another country with a downward quarter.
11
posted on
05/29/2015 8:27:48 AM PDT
by
MNDude
(God is not a Republican, but Satan is certainly a Democrat.)
To: Theoria
Is Australia expanding its money base and loaning the banker gangsters cash at zero interest?
12
posted on
05/29/2015 8:31:45 AM PDT
by
Paladin2
To: BenLurkin
13
posted on
05/29/2015 8:53:44 AM PDT
by
Celtic Conservative
(Sufficient unto the day are the troubles therof)
To: Paladin2
Bernanke is suggesting they ‘might’ have to weaken their dollar and expand their domestic spending.
14
posted on
05/29/2015 9:05:51 AM PDT
by
Theoria
(I should never have surrendered. I should have fought until I was the last man alive)
To: Theoria
I mean for my compatriots who somehow thought Canada would be so special as to weather a worldwide recession; what kool-aid are they drinking? Canada is a small country that depends on demand for its products outside its borders. Mainly the heavy lifting has been done by oil and gas, and those have suffered a major price readjustment. I mean what else would hold our economy together? Fishing? (sarc)
15
posted on
05/29/2015 9:06:48 AM PDT
by
Sam Gamgee
(May God have mercy upon my enemies, because I won't. - Patton)
To: Gaffer
16
posted on
05/29/2015 9:08:33 AM PDT
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: Sam Gamgee
Canada is in a better position than most. No worries.
17
posted on
05/29/2015 9:09:29 AM PDT
by
Theoria
(I should never have surrendered. I should have fought until I was the last man alive)
To: Theoria
I don't know about that. The national debt has grown under the CPC, and OAP is a huge and growing line item in our national budget. As well as soaring healthcare costs.
18
posted on
05/29/2015 9:23:25 AM PDT
by
Sam Gamgee
(May God have mercy upon my enemies, because I won't. - Patton)
To: Sam Gamgee
Sure, but there wasn’t a housing ‘issue’ as much as we had down here. Debt is a universal problem, but Canada has a wealth of natural resources and I think ya’ll will fix problems before we will.
19
posted on
05/29/2015 9:29:59 AM PDT
by
Theoria
(I should never have surrendered. I should have fought until I was the last man alive)
To: Sam Gamgee
Eastern Canada (Ontario) had/has a manufacturing base, but Ontario Truck Plant closed? and it sounds like one of the GM lines in Oshawa closed too.
20
posted on
05/29/2015 10:07:15 AM PDT
by
Paladin2
(Ive given up on aphostrophys and spell chek on my current device...)
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