Canadian economy shrinks in second quarter; biggest drop in 7 years

what went wrong, Sup Forums?

ca.news.yahoo.com/canadas-economy-shrinks-1-6-percent-second-quarter-123349049--business.html

Other urls found in this thread:

canadianinvestor.com/2016/08/29/vancouver-real-estate-bubble-has-burst-and-home-owners-are-panic-selling/
youtube.com/watch?v=SkqvPkjjwj0
angusreid.org/political-correctness/
twitter.com/SFWRedditVideos

President meme sold all the gold to Syria to fund their relocation and cultural enrichment of Canada

Not enough refugees.

Trudeau and feminism. That went wrong.

saudis fucking with opec members, trying to undercut frackers. Ended up backfiring as "dirty" energy subsidies for domestic production went up (democratic rhetoric of energy sufficiency is almost identical to republican strategy).

But who did the saudis undercut? Canada oil sands.

Many of our industries have been banking on a strong oil dollar for over a decade. The getting was good and they thought the gravy train wouldn't end, despite knowing that oil is (((fickle))).

We're going back to our original strength, but unfortunately we can't fucking innovate or diversify b/c we're mongrels when it comes to planning our future.

canadianinvestor.com/2016/08/29/vancouver-real-estate-bubble-has-burst-and-home-owners-are-panic-selling/

>canadianinvestor.com/2016/08/29/vancouver-real-estate-bubble-has-burst-and-home-owners-are-panic-selling/
>the 15% tax worked
thank god

it's 2016

> Panic selling
Probably to a load of "Jaundiced Canadians"

>canadianinvestor.com/2016/08/29/vancouver-real-estate-bubble-has-burst-and-home-owners-are-panic-selling/
This.

It's also a great tragedy that this will push more of them to continue buying property in Toronto. Which means the boom in the suburbs will continue for another year or so.

I hope my parents sell their place and go inawoods like they've been planning.

>Unironically backing USA up when Chinks are the ones propping your whole country up.

How dumb are you Maple Niggers?

Because muricans didn't buy MUH oil and went with (((dirty))) OPEC oil. Now we gave Iran the option to meme their oil too. Only weedman will save us by going green.

are there any white people in markham these days?

Even the CBC admits that the Ft Mac wildfires and the rest of Canada's relentless cockblocking against attempts to get it's own product to market is a huge reason why. Thanks you faggots out east, hope the virtue signalling was worth it.

Turns out it is no longer 2015

You have to burn more forests to boost gdp

Oops. Withered leaf.

Trudeau thought a cuckolding based economy would be great for Canada

>NPR talking about Justin Trudeau today
>actually uses the phrase "diverse qualifications" referring to his experience for his current office
When can we start up the right wing death squads?

>We're going back to our original strength

No, you aren't.

The jobs ain't coming back. You're government is unpredictable and engages in insane actons. No investor wll choose you when they have other options.

BECAUSE

ITS

2016

no chance of you guys seeing what we did and following suit?

But more feminism and rapefugees will fix everything! Don't you know that racism determines every facet of a nation's success? If you diversify your economy, the racists win.

Few.

I'd rather live in Markham than Brampton, though.

t. Expat Montrealer living in Toronto

nah mate. markham is shit. even markville, the cutesy white small town facade with a gun range just outside of town, that's mostly non-whites.

The only places around toronto that are white are small rich suburbs or parts of durham region where poor-ish whites have congregated since the 40s, like ajax and oshawa.

It's gotten worse over the last few years, but I left for eastern (white) ontario, so I wouldn't truly know the degree of damage.

>Bbut the tax is rraycis!?!!!
Good Lord wasn't there an article in CBC about it

DIVERSITY IS CANADAS STRENGTH! WE NEED MORE REFUGEES ASAP, THE 55,000+ THIS YEAR BEING FLOWN IN AREN'T ENOUGH!!!

THIS WILL SOLVE THE ENTIRE ECONOMIC ISSUE!!!!

>mfw

Vaughan is pretty white (Mostly Italians). Lots of industry, too.

At least, just based on facespace comments, people are sortof realizing its a bad idea

Annex when?

Hey guys...

When was the last time you saw Justin Trudeau debate in the House of Commons? Me neither.

out east? Build a pipeline west you albertards. the ocean is literally the next province over. fuck off we don't want your sludge.

he was charged with bringing cnaafucks down to cause social upheaval among minorities

its a simple formula that will make it a more maneagable country. there wont be dveloped cunts in 20 years

Harper government refused to diversify economy from being largely oil based, sold all assets to Chinese to cover

Trudeau doesn't sell assets to Chinese, keeps all our shit here

Short term deficit for long term prosperity, something the Harper government never understood

not tolerant enough

>that's the joke

that's actually what I am implying. We're headed back to pre-harper days, but this time with no RIM.

There was an article in TE a while back about Canada's economy is the only one within G7 with a serious lack of invention, innovation, and creative thought.

We aren't creative or driven people, and so nothing new or useful comes out of Canada. Our economic model is fucking 3rd world, heavily reliant on raw resources.

no, that would be waysis.

Seriously, the china dollar is much more subtle here but also more widespread. We have non-whites buying up property here, and no one bats an eyelash in toronto-area b/c muh no culture so multicult. It'll only get bad when people say "why can't I afford a home in my hometown anymore?" and they look to say raj using IT money or Jamal using EBT bucks to buy.

It's coming, believe me. But people need to be exposed to it constantly and have to be personally impacted by it. Only by being subjugated by chongs for almost a decade did vancouverites wake up, and it was only when a substantial amount probably couldn't afford rent anymore.

The red pill is hard to swallow when you refuse it and have a dry mouth.

;)

this. or be like me and move the fuck out of that cesspit of a place

>people are sortof realizing its a bad idea
It's too late now, they're letting in 55,000+ refugees just this year, and immigration is at over 305,000+ new citizens this year too, highest in over 100 years

>Never underestimate the ignorance and apathy of your average Canadian citizen

/thread

Our GDP growth in recent past was bullshit. All we did was borrow more money to spend. Debt isn't accumulated in GDP calculations, so long as you spend as an investment, it matters. Instead, Alberta's deficit increased to $11B and we got little to show for it. New jobs are mostly low paying ones and only few are being made. Better paying jobs for the Calgary airport which still pays pretty shit, saw over 3000 people line up outside a hotel to apply.

He's actually a woman isnt he

OUR ECONOMY IS WINNING. YES

Only betas "debate"; alphas like Trudeau will just storm in and elbow you.

Eastern Ontario is turning into shit skin country.

I used to live in a town called Bowmanville, almost exclusively white. In the last ten years, a solid percentage of the white people have abandoned it. Now, it is almost nothing but Pakis/Indians

Don't worry, the budget will balance itself

Rarebants

If you destroy your economy, you win.

Vaughn is the new e-town.

canadians are much too apathetic to do immediate change, but if it's a slow burn, they release hell all at once.

Our passive aggressive attitude leads to a reactionary, powder-keg explosion of rage.

incorrect.

The government doesn't get to "diversify" economies. Companies within industries do that. Harper, Trudeau, Martin, Chretien, none of them had any control of our economy. This isn't USSR.

What Harper did was

>encourage oil industry to invest in tar sands
>encourage oil industry as early as 2012 to look to greener solutions and diversify their debt bonds
>encouraged dozens of industries to invest in new areas of the country
>encouraged industries to diversify their debt bonds, as to not be tied too heavily towards the assumed success of oil

Harper could have screamed the sky was falling and investors wouldn't listen. For several reasons, canada is not an attractive place for investment for a variety of industries,mostly red-tape. As I said in an earlier post, Canada industries are pathetically unoriginal, and usually contain no new inventions or innovations, thus don't compete well with larger, more diversified markets.

Also no government will ever risk re-election for the good of the nation generations later. That is ridiculous and you know it.

>Go out to sushi with a friend
>we happen upon one of my friend's acquaintances, a Pajeet
>friend asks him what he's been up to
>Pajeet said he moved to Brampton

Like pottery

Not a woman, just a closeted homosexual politician, who has the very common "beard" for a wife

This "beard" wife of his knows he's gay too, which is why she kept her last name... and encouraged him to give a man he just told was cute a kiss, to which he gives her a smile wink and nod of approval

youtube.com/watch?v=SkqvPkjjwj0

>encouraged him to give a man he just told was cute a kiss, to which he gives her a smile wink and nod of approval

Trudeau and the Liberals spend more time worrying about the world and than us.

so what does this mean for Ching Chongs? Will they buy everything now or stop buying?

>diverse qualifications
>BA in Literature
>Failed degrees in engineering and MA
>Got an MP spot because dad was the face of the Liberal party for almost 20 years
>Get elected because your name is literally Trudeau and the education system hails him as a martyr of human rights
I'll be more educationally qualified in 3 years when the 2019 election comes around then he ever will be. He only got the job off of the best connections possible and CBC shilling. He's a fucking hack.

that's a part of the GTA-expansion, I feel for you. I'm quite familiar with the area (anywhere between toronto to simcoe, across to buckhorn, down to brighton) but bowmanville is NOT eastern ontario. Not even close.

I really despair that even on Sup Forums people can be so dumb as to think we have a centralised economy partially "run" by the government.

Canucks do not fall for the "bumbling politician" meme lest you go full cuck.

Trudeau may seem like an idiot frat boy whose naiitve liberal inclinations are just coincidentally cucking your country. His father was a commie sympathizer and he was groomed from the start to be a socialist puppet.

Justice Trudeau obviously.

probably (hopefully) stop buying. The chinese don't like to be made to look materialistic, even though they are the worst materialists in the world. The chinese government doesn't like that a group of vancouverites are anti-chong-buying-up-the-homes-they-grew-up-in, and so committed a great deal of time and effort to shit talk our real estate.

What they're saying is partly true, but it's the chongs fault for thinking canadian real estate is an investment.

They'll try and buy in the GTA but unfortunately for them the tide is turning towards anti-foreigner, even in liberal-hell hole Toronto.

Not being able to move back to your home town b/c a bunch of foreigners are buying it and holding on to homes to price you out of the market is a hard red-pill to swallow.

Don't worry though fwiends the Syrian refugees are being well taken care of. Weed still not legalized. Thanks Justine.

>we will be surrounded by third world countries soon
What happened?

No diversity

Canada's economy has been propped up by the housing sector and financials for a decade or so to give dumb Canadians the illusion that everything is just fine.

This is only temporary though. Just wait until that $2 billion or so we gave to the UN to fight melting icebergs in China kicks in. Plus all that aid we're sending to Ukraine will easily jump start the economy soon.

What else we got going? Electoral reform? Changing the anthem?

Yeah one of those should help.

when debt-to-income is 167%, everything is not fine.

A great deal of people know this.

They're all nervous-smiling-guy, hoping nothing fucking happens.

Uh-oh

>You have to burn more forests to boost gdp
Forest fire was used as an excuse to explain gdp drop. It's a scapegoat.

>China Propping Canada up
I think what you meant is China tearing it down.

Underrated.

reminds me of the spanish economy good years, get ready for the free fall

The forced hiring of one illiterate Somalian per business that must be treated as infallible has taken its toll

if you grow the economy then the muslim extremists win

e-town?

Lived in Brampton for a year (I'm from Quebec, I didn't know!)... Shit was NOT fun.
>Bro and I are only white guys on the entire street
The racism there is fucking real.
>Grocery store is a 10 minute walk away
>As we walk, see a family on the other side of the street enjoying their front yard
>They see us coming and all hurry into the house
>They all come out again once as we're walking away
>Do groceries
>On the walk back, see the same family in their front yard again
>Once again, they all hurry inside until we're walking away with grocery bags in both hands

Or there was the time we went to get gas at a Petro Canada...
>Pull up next to pump
>Guy inside won't activate pump
>He tells us to use the other side (So he can get a good look at the license plate)
>He still won't activate the pump
>Meanwhile, Pajeet two pumps over can pay at the pump just fine and is on his way
>Guy tells us that instead of letting us pay at the pump, he wants us to pay 100$ for him to pre-authorize, then we pump and then come back in to get the difference
>We go get gas elsewhere

Or the time I wanted to grab a snack at another Petro Canada...
>It's fucking -30C outside
>8 PM
>Guy won't buzz the door open
>He opens a tiny little window next to the register
>Tell me what you want and I'll get it for you, you can pay through the window, Buddy!
>I don't even know what you have
>We have everything, my friend!
>I have dietary restrictions and need to be able to read the damn ingredients
>Got a snack/drink elsewhere

Or the time I went to ANOTHER Petro Canada (They are all self-owned, which is why they can pull this kind of bullshit) and the lady tried to charge me 2$ for a 1$ bottle of water. When I made a stink about it, she said "It's the tax, sir!"...

I've been called all sorts of racist slurs and shit. Left the second the rent agreement was up.

>The government doesn't get to "diversify" economies
The government can offer all kinds of different incentives to sectors they want to see grow to help diversify the economy, that's what tax dollars are for, and that's what the NDP is doing in Alberta right now (probably the only good thing the NDP are doing right now).

>Also no government will ever risk re-election for the good of the nation generations later. That is ridiculous and you know it.
This is exactly the platform on which the liberal government ran, and they were elected with majority.

>Build a pipeline west you albertards
They have tried to build west, east, north and south dipshit. They get blocked every turn by governments run by idiots like you.

Canada is in desperate need of a couple million uneducated tribal goat-fuckers.

This x1000000

Our economy is a lesser variant of England's - same shit but smaller. I just can't fathom a country operating on shifty low paid service jobs, banking, and a heavily subsidized manufacturing base of automobiles and planes.

Only thing kept us going was housing market and food. Oil is too cheap for us.

Isn't he imposing huge eco sanctions that are bringing down the economy? Can any leafs confirm?

no, user
If you kill the economy, it wins.

t. Trudeau

If your economy shrinks, you win.

Don't believe anything you see posted on Sup Forums
That's a fake quote image too, FYI.

Fuck that sucks. I would have made a huge stink about it to the paper and other sites. You gotta let these people know they are racist fucking shits. And they have the gull to call white people racist.

I live in Alberta. What diversification? You mean windmills and shit that won't be built in years, if ever? Only thing going for us here is logistics and agriculture. That's it.

>Harper government refused to diversify economy from being largely oil based
Are you dense? Did you ever wonder why Canada wasn't fucking crushed by the financial crisis? Canada would have went right down the shitter if he didn't push oil.
Harper pushed oil, tried to get pipelines built so we didn't have to sell it at a discount. He was blocked by political enemies, people who don't care about the countries well being. They just care about being in power. That is the liberal way, obtain and maintain power at all costs, fuck the country and it's citizens well being. Liberals are corrupt as fuck, open your eyes.

You seem like someone well-informed. How do you explain the popularity of Trudeau, given the economic decline and obvious negative impact of immigration on rents?

Dude, if you want to see racism, go on padmapper or some shit and look at the apartment listings in Brampton/Northern Missisauga.

Most of them say shit like "Must be vegetarian", "No drinking or smoking", "Must speak Punjabi" and shit like that.

>majority is 39%
>incentives weren't offered from '09-'15

you should follow the news with attentive ears, friend.

this. I know it's popular to hate harper but you can't talk utter lefty bollocks and expect to get away with it.

>I really despair that even on Sup Forums people can be so dumb as to think we have a centralised economy partially "run" by the government.
Its almost exactly like that in Japan and exactly like that not China, so it's not impossible, even in highly competitive economies, to have government control.

>Don't worry, the budget will balance itself
Inflation does wonders, thanks Trudeau.

Harper had been PM since 2006 and, despite being fairly competent, had the charisma of a sea cucumber. He had been the target of attack ads since the beginning, too. If you knew how many times our media said "secret agenda!", your head would spin.

Then, you had the name recognition for Trudeau (his father is either LOVED or DESPISED depending on where you are), he promised to legalize weed (Huge issue in Canada... Almost everyone smokes here, not even exaggerating), he's a pretty-boy who knows how to catch people's attention and, most importantly, few people actually knew anything about him.

He had the lowest rate of actually attending parliament of all MP's. Almost every time he opened his mouth he said something retarded, so it worked in his favour that he was almost never in the spotlight for anything important.

He was fucking stupid about the LGR, said shit like "Depending on how Harper's Canada goes, I wouldn't be opposed to Quebec separating" and is just an all-around dumbass who needed to be held by the hand by his party just to get him through the election.

'twas a protest vote. Quebecois do it all the time, as do westerners. This was the first national protest vote in a long time.

Who was the protest against? Harper. Why? No one could give a coherent answer, they just knew they wanted him gone.

So it was

>Trudeau aka weedman (Liberals)
>Muclair aka Imamuclair (NDP)

The NDP were thought to win until 8 days before the election (about 2 months in relative terms to US elections). Check it out on CBC archives. But two horrible strategy positions happened the last weekend before the vote:

>trudeau announced an increase of 900$ million (or so?) to the CBC's budget

CBC is our state media who pushes lefty bullocks

>Imamuclair announced he supported the niqab and other expressions of the muslim faith

Say what you want about canadians but we absolutely, as a country, do not like muslims or their shitty garb

Harper did two bad things:

>gutted VA
>gutted fisheries and protection acts

other than that, people can't find a flaw except ad hom or ridiculous suggestions like "he didn't steer our economy right! Why didn't he change things!" as if it is up to fucking PM.

Our state media was out to get Harper. Just look at the character assassination they did on my boy Chris Alexander. He got blamed for PERSONALLY rejecting the file of that washed up syrian kid, despite the fact he was never involved in the process, nor was his office. It was a lie that was never retracted.

Popularity of Trudeau?

>good lucking
>youthful and new and not harper
>weed
>every is love!

If you win Toronto, you can probably win the country. Our east coast act like dindus when it comes to voting season, and they regularly vote liberal b/c muh conservatives fucked our fisheries.

>literally illegal postings according to human rights code
>it won't matter b/c the transgressors aren't white

toronto was a mistake.

except we don't have government control. we have a pretty free market that has more regulation on energy sectors than it does on arms manufacturing.

>economic model is third world

yes it is, and that's because people here have a high standard of living ; and most people don't live in ((diversified)) shitty immigrant ghettoes . in fact a lot of Canada is pretty isolated. some people just peacefully live their lives farming, mining , fishing and seriously not giving a fuck about the third world because of this

we don't innovate because the U.S. can do it for us, and we buy their tech and information (cause we're best friends :) ) and we in turn shovel them all the resources they'll ever need

this faggot voted for the liberals

it's all due to a significant lack of refugees flooding in from third world countries.

Majority of Canadians say political correctness has “gone too far”

angusreid.org/political-correctness/

>His father was a commie sympathizer and he was groomed from the start to be a socialist puppet.
This. Pic related

>when debt-to-income is 167%, everything is not fine.
Debt to income of the average person, yes. Wanna take a gander at the debt to income of the government?
Give you a hint, it's around 300%. Incoming tax hikes.

Fucking tiptop lelel my friendos, KEKada le free healthcare? Lol, cannot into degenerates LOL!!! 50% women? Because it's 2013 LMAO Trudeau le epick #1 cucklord of KEKada :DDDD I am le redpilled tho!!! lMAO red and white pilled more like xDD le Kathleen Wynne???? Canucked by the green energy jew LMAO le REDPILLMERICA runs on MURICAN GASOLEEN :DDDDDD FUCKING epick Ontario, should le change their colours into BLUE (Like blue pill, fuck my lelels :DD BECAUSE ITS 20165 BECAUSE ITS 2018 BECAUSE ITS 1993 >implying le 90s best generation lmao le edm music le cancer lol LMAO BECAUSR ITS 16899399 LOL BECAUSE I GOT DUBBS CHECK MY DUBBS!!! CHECK 50% OF WOMEN LOL, >inb4 woman not into le qualified to run le small government xDDDdD O CANADA OUR HOME AND NATIVE KEK!!!

we're mongrels because of

IT'S JUST A PRANK BRO