Quote (SBD @ Nov 30 2023 07:47pm)

There's lots of reasons but there's been a significant focus on labour utilization, not labour productivity, two very different things.

Quote (Uber23 @ Nov 30 2023 07:56pm)

Canadian economy is not diversified enough, it basically revolves around real estate and export of raw goods . 8 years of Liberal government in place funding every Aboriginal support and wokeness program that comes to their mind.
When you look at stats on what is actually growing in Canada and whats declining its 5x worse

By industry, over the last year:
Last year
Public administration [91] 4.5%
Transportation and warehousing [48-49] 3.0%
Health care and social assistance [62] 2.4%
Educational services [61] 2.3%
Real estate and rental and leasing [53] 1.8%
Arts, entertainment and recreation [71] 1.3%
Retail trade [44-45] 1.2%
Professional, scientific and technical services [54] 1.1%
Wholesale trade [41] 1.1%
All industries [T001] 0.6%
Construction [23] 0.5%
Accommodation and food services [72] 0.2%
Finance and insurance [52] 0.1%
Other services (except public administration) [81] -0.1%
Mining, quarrying, and oil and gas extraction [21] -0.5%
Administrative and support, waste management and remediation services [56] -0.9%
Manufacturing [31-33] -1.0%
Information and cultural industries [51] -2.2%
Utilities [22] -4.8%
Agriculture, forestry, fishing and hunting [11] -18.5%
Management of companies and enterprises [55] -35.8%

Money is flowing out of private sector en masse

Quote (Bazi @ Nov 14 2023 12:22pm)

US September 2022 core high - 6.6%
Current 4.03%, long term average 3.68

Germany June 2023 core high - 5.8%
Current 4.3%, long term average 1.62%

Canada July 2022 core high 5.5%
Current 3.2% , long term average 3.55%

UK may 2024 core high 6.5%
Current 6.1% , long term average 1.9%

France April 2023 core high 6.3%
Current 5.0%, long term average 1.48%

All data per ychart and tradingeconomics as sources, they were both within 0.25% for all values but mostly the same

Using Asian numbers is moronic, Japan especially, even more moronic when trying to compare first world inflation problems. Their case has been unique to the rest of the first world, for the worse, for the last 20-30years

And I included a few of Europe’s major economies not the shit tier ones


Canada > US > Germany >France >UK

In fact Europe is doing terrible and this is core so energy excuse is excluded, Germany a bit better and more on par with US

Of course that’s in regards to inflation goal being 2%. As much as it is the US goal, We are just better consumers compared to the rest of the world. so our actual longer term inflation rate of 3.6 we are already close to

Gg, America wins (well, still rlly Canada)

Jerome Powell Nobel prize tho



I can’t remember the covid stats country to country but in regards to
Who won the economic fight comparing country to country US and Canada have won. Too many dumb America haters, whom are mostly American smh

Canada actually will be easing before the US. This is your actual leading indicator to rate cuts in the US.

Quote (Budgeting @ Nov 30 2023 08:05pm)

Canada is WHOLLY unproductive man. In the last 10 years we have gone NOWHERE. Its sad AF.

Quote (Budgeting @ 1 Dec 2023 02:05)

Canada is WHOLLY unproductive man. In the last 10 years we have gone NOWHERE. Its sad AF.

Quote (Black XistenZ @ Dec 1 2023 12:14pm)

I wonder how GDP and productivity growth in the US would look like without Silicon Valley.