The "LOLCANADA" thread...again

So because Trudeau was so bad on inflation, he's now supposed to get a pass because he is so bad on the economy? The apologetix for dear leader really knows no bounds.

Lmao, no way you can possibly have doubled down on that. Amazing.

Buddy, your own chart shoes Canada grew on GDP per capita in the last half decade and is projected to grow on GDP per capita in the next half decade. You said we had the worst GDP per capita when the actual number is we are second best. That was wrong. You were wrong. You screwed up. You made a major mistake. Your own link disproved you. You don't get to come in and say that single year decline (due to a single year spike in immigration) on a general growing trend suddenly makes you right.

ahahahahahahahahahahahahahahah

Lol. I don't know, quoting the exact thing you said and showing it was false isn't a strawman. Yes there are secondary effects to everything of course, but when you falsely said so much of our GPD was due to "increased real estate prices" sometimes tell me you were not think about real estate agent commissions.

Let me help you. Go here: https://www150.statcan.gc.ca/t1/tbl1/en/.... Find whatever category you think this falls under. Look at the number beside it. Are you still quivering in your boots?

What are you talking about? Canada is also second best on inflation rates in the g7.

The apologetix (sic) for conservative ideology knows no bounds.

Those 2 post were terrible .
Uke answered proficiently enough I don’t need to reply to it .

Real estate and rental and leasing are the #1 constituent of our GDP. So yah, much of our GDP is because of increased real estate prices. Rents are a factor of real state value. And That is exactly what I had in mind when I made that comment.

Ya bud, less than 8% of GDP goes to that factor. What you initially said was objectively false and a common misconception, one you no doubt were under, that real estate prices make up some part of the GDP when they are simply not even counted. You were wrong. Now that you've googled a bit you've learned that there are secondary effects and of course prices can influence things like real estate services, but that isn't going to be much to hang your hat on.

Good to see you capitulate entirely on your hilarious misread of the GDP-per-capita chart though and ridiculous inflation comments. Man that was funny. I thought you'd at least admit you were wrong and not just ignore it, but ah well I can never expect too much out of conservatives.

It really doesn't make any sense to compare GDP per capita in absolute terms when making country to country comparisons. Your whole argument is that Trudeau's policies aren't really that bad, everyone else in the GDP is doing worse. So what we should be looking relative changes in GDP per capita. Otherwise which ever country is the richest is always going to be "right" even their policies are objectively terrible. So if you look at relative changes in GDP per capita, Canada is not doing the best in the G7, we are doing the worst, because GDP per capita is decreasing.

Like, if our economy was actually doing well, (best in the G7 or second best in the G7 like you claim) then surely GDP per capita would be INCREASING like the rest of the G7 right?

If France's economy is growing, and ours is shrinking, it doesn't make sense to say that we are doing better than them. But that is exactly what you are saying.

But I guess when you don't care about the truth and are desperate to twist things to make your team look good then you will advance arguments like the ones you are making.

More like 14%, but I wouldn't expect your math to be any better than your logic and reasoning skills. Are you capable of doing anything aside from regurgitating Liberal party talking points?

What I said was objectively true. Rising real estate prices increase GDP, because things like rent or the income of real estate agents are a factor of real estate prices, but I don't think increase necessarily means our economy is actually any stronger. My point is that an increase in GDP doesn't necessarily mean the economy is any stronger. Another issue with the GDP statistic is that inflationary monetary policy can also increase it. Now I know you said inflation in Canada in the best in the G7, but inflation doesn't necessarily have to manifest itself in an increase in CPI. Read up on Cantillon effects. So even if the CPI increases are a low level, often inflation is blowing up the GDP figure, but not actually making the economy larger or stronger.

When the government prints money, it enters the economy unevenly. That's why we had ultra loose monetary policy and low "inflation" for many years, because the new money was going to the real estate sector and blowing up the prices of housing. Of course it did eventually make its way to consumer goods and then we had that whole issue. Monetary chickens coming home to roost for the working class.

canada gdp per capita
https://fred.stlouisfed.org/series/PCAGD...

france gdp per capita
https://fred.stlouisfed.org/series/PCAGD...

uk
https://fred.stlouisfed.org/series/PCAGD...

germany
https://fred.stlouisfed.org/series/PCAGD...

japan
https://fred.stlouisfed.org/series/PCAGD...

italy
https://fred.stlouisfed.org/series/PCAGD...

US
https://fred.stlouisfed.org/series/A939R...

over 1 year canada aint great, over 5 years and 10 years canada is just fine compare to all of them.

So if u want to resume trudeau economic career on 1 year its fine, its ridiculous but you have the right to do so .

And about inflation all of them had higher inflation (except japan but their economy is terrible for a very long time and they lost lately 50% of their currency) so easier to have higher gdp as u said .
from the pandemic onward we were much better here then over there i guarantee you except the last year shrug.
And its normal due to many factors.
btw yes our real estate is way overprice but contrary to all of them we didnt crumble in 2008 and suffer terribly like they did for many years so thats that ....

That one year is the year that just happened, i.e. right now or the latest time period we have the data for. The claim being put forth isn't that we HAD the best economy in the G7, but that we have it, In present tense. I.E. THIS YEAR. So it is only the 1 year figure that really matters, because that is what is being claimed. It's not my claim, I'm simply refuting it.

That is NOT what stats Canada is saying. Stats Canada is saying over 7 years real GDP per capita has been stagnant.

but i mean why talk about it now as if its a surprise ?
the whole world wants inflation going down for years right ?
Canada was one of the first ( if not the first if my memory is correct)
to raise interest rates post covid and we are near the first to cut them as well ....
https://www.reuters.com/business/finance...

So obv. the economy slowed down first and we are amongst the first to be able to cut them down and its suppose to be bad because we were actually amongst the first to be able to cut rates ?

Are we really suggesting that we could had lowered the inflation without any damage to gdp with higher interest rates ?
it was the whole point to begin with and because we are amongst the first to be able to cut it we should be considered the worst because we succeed in cutting rates ?

Something doesnt sound right to me with that logic...

I assure you, the structural problems in the Canadian economy run much, much deeper than the latest interest rate hike.

can u show me the link ?

here is one that do not support 7 years .
https://www.macrotrends.net/global-metri...

I posted it on the last page, but here is the link again :

https://www150.statcan.gc.ca/n1/pub/36-2...

"
Slower economic growth over the past year and near-record population increases fuelled by temporary and permanent immigration have put the spotlight on recent trends in Canada’s gross domestic product (GDP) per capita. Real GDP per capita has now declined in five of the past six quarters and is currently near levels observed in 2017. "

More from the report.

And that's the OECD, not the G7, so we're talking 38 member countries.

Nice job not providing all the information. Under Notley the budget faced some cuts under Danielle Smith the budget has been increased by 151 million $

Jasper is tragic but there have been many warnings that if Jasper did not employ some forestry management tactics this may happen. It’s difficult because Jasper is a national park

Sadly another stat we fail to recognize a majority of fires are started by human

Cool. So like I said, your post would indeed appear to be a blatant lie, because you are of course unable to provide evidence that JT said carbon tax would mean zero forest fires, since he never said such a ridiculous thing.

Lol omg you can't possibly be tripling down on this?

Really? Ok, let's utterly destroy you a third time. This is the false thing you state:

But your own link showed Canada has the 2nd best GDP per capita today, and 3rd best GDP per capita in 2029. You were just objectively wrong. And YOU brought up the GDP per capita measure and ranking, so just lol at trying to say it doesn't make sense now that the facts showed you were wrong. And no, you can't look at the single year of 2023 (when there was a uniquely high immigration spike which obviously correlated to a drop in GDP per capita) to try and pretend that Canada isn't near the top and predicted to stay near the top.

Admitting you screwed up shouldn't be so hard.

So tragic

Tragic and yet the warnings have been there for years that unless preventative measures taken this would happen.

Did the whole town burn? that video looks bad
OMG I just watched the whole video

Ok 6/7 quarters not years.

Meh.
Taking from 2017 is incredibly disingenuous when u have such a huge drop in gdp due to COVID…
Every countries beside the U.S. of course had the same linear gdp growth/recession since 2017 shrug
We see it in the links I posted on gdp per capita for the g7 .
That doesn’t bother at me all.
But looking post COVID we still are in an uptrend even it slow down compare to the rest of the world last year because we took the hike rates first and so we cut rates first as well suffering the consequences (and succeeding first!) of fighting inflation .

Fwiw If I wanted to be negative about all of this I would just say Trudeau been at par economically and terrible on the immigration front .

Ps: https://www.statista.com/statistics/4430...

Canada had in 2022/23 the highest rates of immigration since minimum year 2000.
It certainly didn’t help gdp stats per capita even tho the economy stayed the same in a uptrend.
Fwiw I always said immigration rate is unsustainable for Canada at this point for many years.
And yet polievre hitting the wrong horse or he tries to let someone else say it so he can jump on the bandwagon without being called racist lol….

Do u believe climate change could have an impact on how forest could be more prone to sustain a fire when it started (regardless by a human, a lighting bolt or w.e) compare to 30-40 years ago?