Is Canada going bankrupt?

[apathy]

I'm starting to hear some scary, although not unsurprising things, over there. Trudolf is a scary but not unsurprising man.

More than half the population are in some form of financial insolvency or debt, and I know they've had problems since the 90s but it seems like the entire country is giving Detroit a run for its money (or lack thereof).

[Rio]

The carbon tax is non-sense. Going to war on oil is non-sense. Going to war on farmers is non-sense.

Trudeau is some WEF taught agent.

[brain stew]

Speaking of GDP...

Initially, the government reported a contraction in GDP for Q2 of last year.

https://www.cbc.ca/news/business/gdp-second-quarter-2023-1.6954239

But fortunately, when the GDP contracted yet again for Q3 of last year, the government was able to go back and revise Q2's GDP numbers upwards so we wouldn't have to be in a technical recession!

https://www.cbc.ca/news/business/canada-gdp-economy-1.7044651

The data agency previously reported that the three-month period up to June also saw a slight decline, so Thursday's numbers would have been the second consecutive quarterly contraction in a row, and meet the bar that some experts say is the requirement for a recession.

But the data agency revised its April-to-June numbers higher than initially reported, and now says the economy grew by 0.3 per cent that quarter.

Phew, that was a close one! Good thing we're totally not in a recession at all or anything, and didn't beat like everyone else into one!

https://www.youtube.com/watch?v=kh9j1slA7R4

[Ev]

if they'd be going bankrupt they likely wouldn't even be a country right now

[nohuman]

steven1mac lähetti viestin:

They always can become lumberjacks...

https://youtu.be/FshU58nI0Ts

https://youtu.be/upsZZ2s3xv8
https://youtu.be/qwpo6FEnEjQ
https://youtu.be/qcRYHW9GNoA

[Battlekruse]

What is Canada gold reserves for the moment here in 2024 ?

[nohuman]

Battlekruse lähetti viestin:

What is Canada gold reserves for the moment here in 2024 ?

I think I just posted it...

[White Knight]

Canada is doing rather well, and we have enormous natural resources, land, etc.

Also, Prime Minister Justin Trudeau is not "scary". He is so much better than Steven Harper that most people don't think about him at all.

The OP is obviously spending his time listening to right-wing nut-jobs. Of course those morons hate Trudeau, and Canada, for the same reasons. They always have and always will.

Wake me up when idiots aren't complaining about good people making an effort. Now that would be "scary".

[vkobe]

Grendalcat lähetti viestin:

vkobe lähetti viestin:

you can say same thing about europe and usa

Don't worry, we(the USA) will just print more $ and give it to Canada.🙃

yes if chinese willing to continue to buy us debt, else good luck

also print money=inflation so if you can sell your debt is ok

else some people going very upset about inflation and high interest on loan, so the average american will not so be happy to pay more $$$ for one hamburger

but the chinese dude will be ok to have higher interest when he buy us debt

[Grendalcat]

vkobe lähetti viestin:

Grendalcat lähetti viestin:

Don't worry, we(the USA) will just print more $ and give it to Canada.🙃

yes if chinese willing to continue to buy us debt, else good luck

There's always the Federal Reserve to pick up the slack!

[brain stew]

Ah yes, it's very interesting to hear Prime Minister Harper come up now. Just for comparison...

Back in 2008, during "The Great Recession", Bell Canada, who is Canada's largest telecommunications company, laid off 2,500 employees.

https://www.itbusiness.ca/news/massive-bell-canada-layoffs-could-be-tip-of-the-iceberg/11946

Cutting 2,500 management positions is just what Bell Canada needs to shet its image of a lumbering behemoth in a market now teeming with lean and agile competitors, technology analysts say.

The massive layoffs that Bell announced yesterday, they say, represent just the tip of the iceberg.

Just earlier this month, Bell Canada laid off 4,800 employees. Almost 10% of its workforce!

https://www.cbc.ca/news/politics/bell-political-crosshairs-job-losses-1.7109423

This comes just after the federal government granted Bell Canada with $40M in regulatory relief.

https://www.ctvnews.ca/politics/local-news-cuts-at-bell-come-after-it-was-granted-40m-in-regulatory-relief-st-onge-1.6761587

As Bell Media blamed regulators and policymakers for its decision to announce a fresh round of layoffs Thursday, federal and provincial politicians accused the company of unnecessarily killing off local journalism.

Heritage Minister Pascale St-Onge decried the company for breaking its promise to invest in news after it was granted more than $40 million in annual regulatory relief.

It's always great to see the government stand up against big corporations on behalf of the little guy! Don't forget, the economy is doing great, we're not even in a recession!

[Enigmatic]

If East defaults the US can annex the west.

Battlekruse lähetti viestin:

What is Canada gold reserves for the moment here in 2024 ?

Z
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Mexico would not be good to work though. Europe would be better