Canadian Banc Corp T.BK

Canada not in great shape

[mouserman]

The Financial Post reports in its Tuesday edition that politicians are touting rate cuts as a sign of controlling inflation, but they reflect a weakening economy. The Post's Martin Pelletier writes that Canada, the first G7 nation to cut rates, has made several cuts as its economy lags. According to University of Calgary economist Trevor Tombe, real GDP per capita has fallen for five consecutive quarters, down 2.2 per cent year-over-year and 3.6 per cent since 2022. Mr. Tombe says: "This has real implications for the economic well-being and standard of living of Canadians. Had Canada simply matched U.S. growth, for example, our economy would be 8.5 per cent larger today. That is roughly equivalent to $6,200 more annual income per Canadian. This growing gap is now the widest it has been in nearly a century, which should prompt serious concern." Prime Minister appears unwilling to acknowledge the depth of the situation. This is an issue because the first step to fixing a problem is to acknowledge there is a problem. Mr. Pelletier says we need less cheerleading of rate cuts and an actual willingness to address that there is a problem here. Unfortunately, we may have to wait until this time next year for this to happen.

 

[NoShoesNoShirt]

All Canadian financial stats stink. GNP, debt, deficit etc. In the states, no debt is allowed at the state level, only federal. Canadian debt looks tame until you add in provincial debt, then Canada’s debt is horrible. And this is the reason that so many are homeless and the food banks can't keep up. 

[Levent14]

I don/t agree with that, Canada is the best country on the world. Never seen any country increase retirement payments every three month according to CPI. Homeless and poor people are using their own choice, no one forcing them to use drugs.I love Canada because of Canadiens not for natural beuty or developed level.. Canadian debt is not even issue here, if you that rich you can use

[Ganyman61]

Amen to that!! Maybe these people who like sh*t all over Canada should go live in China, Russia or North Korea and let me know how freedom of speech and choice worked out for them.

[WinterBaron]

The "Not in Great Shape" comments are 100 % fo cused on Canada's fiscal and economic realities. Absolutely zero to do with social and life style conditions. Those comments and others like them can't be ignored any longer. Our international competitiveness has declined terribly in the last 10 years or so along with worker productivity (ranked 28 or 29 out of 30+ OECD countries

[Levent14]

Canada start feeding 2.3 Million mouth a day last year. If your population arround 30 Million and decide to take more than 1.5 Million new comers you should face that kind of problems, rational of that issue is look at judical system, police integrity and compare. Worker productivity is not touch human life in real life, I don't care companies profits, I care tranqulity and quality of

[WinterBaron]

I think I understand your point Levent, but it leaves a question. If you don't care about company profits why in the world are following a site that is completely focused toward the Stock Markets where growth, profit, cash flow, investment in its many forms, is absolutely essential?

[Levent14]

Life gives people what they need, not what they want. Yes you right, productivity and company profits are essential but doesn't work for happiness for human beings. Canada richest nation on the world if you count all resorces, but doesn't leave any space or wealth for their dignity.

[NoShoesNoShirt]

Since Trudeau has been in power, Canada’s main growth areas are  Encampments  Food banks  Homeless shelters Bankruptcy councilors 

[mouserman]

Agree completely... for the richest resource filled country on earth, Canada 's elected govt. ( just  sort of,32% of the vote) are really sucking when it comes to economic growth.   Hire more govt workers is the answer , which taxpayers foot the bill for. How financially lacking are our people in OTTAWA? 

[flamingogold]

I agree with you, but unfortunately Canadians vote for governments offerring handouts than the hard sacrifices needed for R&D to be a global competitor. Let's take Bombardier for example, I know that name stirs up a lot of hate and despise but Bombardier was working to be the third player in commerical jets behind Airbus and Boeing. That takes a lot of money but Canadians don't want to

[NoShoesNoShirt]

Resources were mentioned....Japan has no resources whatsoever, but they have one of the richest and most advanced societies. Resources don't make a country rich, or if it makes a country rich temporarily, the payback is hard. Alberta and the middle east will be poor in 50 years. 

[mouserman]

Finacial post had  a very different  take on the Bombardier history about 5 years ago. Wasnt pretty,  but harsh reality. https://financialpost.com/diane-francis/secretive-edc-has-helped-fuel-the-serial-subsidization-of-bombardier-the-gravy-train-must-end

[flamingogold]

Airbus and Boeing are heavily funded by their governements. In Canada we eat our own.  

[mouserman]

Corporate welfare is alive and well, in both countries at the expense of taxpayers.

[NoShoesNoShirt]

80-90 of Canadian people who speak English as a first language and lots of them object to bombardier for its French only factory and unpronouncable name.

[flamingogold]

Today's commentary maintains my belief the hate for Bombardier is still on. As a contrarian, all good news for me. Bombardier continues to be my best winner. When the tide shifts and the street starts recommending it, that will be one of my sell signals. Disclaimer, I have no affiliation to the company, don't speak French nor live in Quebec.

[flamingogold]

I find it odd why so many people are complaining about high prices and struggling to get by on their bills but yet the Tim's line-up near me is 20 minutes deep at lunch. I use to bag a lunch. It's the little things in life that add up. One of the best books I read during my working years is the Latte Factor by David Bach. They should hand that book out in schools, maybe we wouldn'