Posted on 09/01/2015 10:53:08 AM PDT by Java4Jay
Reeling from low oil prices, Canada fell into a recession in the first half of the year. The economy contracted 0.5 percent in the second quarter after retreating 0.8 percent in the previous three months. It is Canada's second recession in seven years. The data reflects fears about the health of the global economy as more gloomy evidence emerged of a slowdown in China, a main engine of growth worldwide.
(Excerpt) Read more at news.yahoo.com ...
That was fast. There was just an article about slower Canadian Times eariler today.
Canada, the world’s fifth-largest oil producer, has been hit particularly hard by the halving of world oil prices from above $100 last year.
Let’s see where this country is at the end of the month.
It’s about time ...
The Soros operation to send Stephen Harper to the showers progressing as planned.
Yep and the new Mrs. Universe is calling all natives to vote Harper out.
Can’t they just cook the books?
Was reading an article a few days ago saying this one is REALLY going to hurt in Canada.
Their manufacturing has fallen to the same levels as 1949, so there is NOTHING holding the economy up but oil, and very expensive oil, at that.
Oh, Canada.
yes they can cook the books-
but did not need to for a long time...
has only 35 million people
big oil resources-timber-minerals
LESS than 5% of population are Latin American or Black!-combined!
But like their European counterparts- they have squandered their resources- and will pay a big price
Over the last 20 years- IMMIGRANTION has Soared
I wonder what our GDP would be based on the formula used by prior presidents until Odunga and his minons can along. Its being Goosed by some phoney R&D expenditure calaculation that ODUNGA’s politburo implemented.
Someone should report her to the fashion mounties.
And Toronto condos. I used to have an office up their and it's amazing how people think they can continue to build mega condo building after mega condo building that sell a 600 sq foot studio for $400,000+ and continue to make money. The second the Chinese realize that it's not an automatic money maker and the cranes come down, Toronto is screwed.
bump
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