The best part is the economy.. Russia should be one of the richest countries in the world but is a 3rd world shithole because Putin and pals have plundered the shit out of Russia.. Yeah that sure seems better than Trudeau... lol..
Yeah, I'm not getting all this shitting on the Canadian economy.
Canada Economic Snapshot
Economic Forecast Summary (December 2021)
Supply-chain disruptions have slowed but not arrested Canada’s economic recovery. With a fourth wave of infections receding, output is projected to surpass pre-pandemic levels by the end of 2021 and grow faster than trend at
3.9% in 2022 and
2.8% in 2023. Inflation is projected to moderate as production bottlenecks clear, before strengthening again as unemployment falls. More persistent supply constraints could, however, mean that inflation stays higher for longer and delay a projected acceleration in trade and consumer spending.
Canadian economy seen strengthening, but analysts wary of Omicron impact
OTTAWA, Nov 30 (Reuters) - The Canadian economy roared back in the third quarter, with growth most likely accelerating in October on a manufacturing rebound, though economists were cautious on the looming impact of the Omicron COVID-19 variant.
Canada's economy grew 5.4% in the third quarter on an annualized basis, beating analyst expectations for a gain of 3.0%, Statistics Canada data showed. A preliminary estimate for October showed a gain of 0.8%, while September's GDP was in line with expectations for a 0.1% rise.
Statscan revised down annualized second-quarter GDP to a contraction of 3.2% from a previous dip of 1.1%. But with the October gain, economic activity is now just 0.5% below pre-pandemic levels.
"The October increase was maybe more encouraging for the speed of recovery even than the third quarter numbers," said Nathan Janzen, senior economist at Royal Bank of Canada.
"There is a lot of uncertainty right now about how long this can be sustained just given ... the Omicron variant."
The third-quarter rebound was driven by one of the largest household spending sprees on record, as COVID-19 restrictions were eased and consumers bought everything from clothing to personal grooming services. Exports were also up, led by crude oil.
"We had a pretty strong showing in consumer spending. So that was nice to see after the weakness we had in the second quarter," said Jimmy Jean, chief economist at Desjardins Group.
"But now the question is what's going to happen in fourth quarter," he added, pointing to both the emergence of the Omicron variant and flooding in the western province of British Columbia that cut off a key port from the rest of Canada. "It seems the more we go into the quarter the risk has tilted to the downside."
Spring, 2020:
Not necessarily, I think. Even without a cure or vaccine, ubiquitous testing for the virus would clear healthy people, find previously undetected cases, and sort out people who have already had it and recovered. Then the non-infected and the previously infected can presumably share the same environment. Once the number of people in the healthy+recovered cohort reach a sufficiently high number in a given area, their restrictions can be relaxed while everyone else stays put until they can join them. That will help a lot, particularly when it comes to things like getting kids back in school and resumption of business and recreational activity locally.
I'm open to contradictory reasoning, but I don't think things are quite as dire as some are saying. It's obviously a terrible disaster but far from apocalyptic, IMHO.
And note, this is coming from someone whose business relies on travel and tourism. I'm proper fucked, essentially. Tourism will be the last industry to show recovery, I think. Here's hoping pent up demand makes up for it somehow. But I am pretty optimistic when I set aside my own particular situation and look at the big picture.
My theory is after the lockdown there's a lot of pent up demand for almost everything, including among people who want to fuck with other people.
Fall 2021:
What makes you think the country will nosedive? Well, to rephrase, if it weren't for fucking up the response to the 4th wave in places like Alberta and Saskatchewan--compare with Manitoba--what else would be causing the country to nosedive that would be the fault of the last 6 years of Liberal government? Can you point to anything specific?
By all accounts, and I mean all accounts, not just a selection of biased sources, the economy was set to boom as pent up demand coming out of the pandemic flooded the marketplace with cash. What evidence do you have that this prediction by pretty much every economist everywhere would be wrong (again, assuming the 4th wave COVID response were more consistent across the nation)?