Canadian Economy Booming

[Rickson9]

"The Canadian economy strung together back-to-back months of growth for the first time in almost two years"

http://www.financialpost.com/news-sectors/story.html?id=2375402

[BankAdmin]

And big surprise it's all real estate based :). I give it a few more months at most, maybe less.

[Elli Davis]

Thanks a lot for the article. I cannot believe I haven't read it before. :)

[trent]

Rickson, did you even bother to read the title? "Stimulus and housing give economy one-two punch". Stimulus (gross misallocation of capital bound to cause another bubble) and Housing (huge real estate bubble bound to deflate viciously any moment now). Yeah, this is one booming and prosperous economy for sure :p.

[Rickson9]

Rickson, did you even bother to read the title? "Stimulus and housing give economy one-two punch". Stimulus (gross misallocation of capital bound to cause another bubble) and Housing (huge real estate bubble bound to deflate viciously any moment now). Yeah, this is one booming and prosperous economy for sure :p.

Critics have been saying the same things about stumulus and housing in Canada for a few years now...? No sign of the financial armageddon that they're talking about...

[trent]

With $CAD = $USD the Ontario manufacturing (what's left of it anyway) is going to suffer even more. The only thing left in this country are resources (everything else is paper pushing - the so called service economy), but the demand will crash for them too.

[Canadian]

With $CAD = $USD the Ontario manufacturing (what's left of it anyway) is going to suffer even more. The only thing left in this country are resources (everything else is paper pushing - the so called service economy), but the demand will crash for them too.

Very well put, however I’ll have to disagree that resources will suffer. When there is an economic trouble the government has only one solution – printing money, and when the next enormous wave of free money hits, commodities will skyrocket.

[Rickson9]

Manufacturing sector booming despite parity of CAD and USD as global demand surges.

“We're seeing sharp recoveries,” Royal Bank of Canada assistant chief economist Paul Ferley said Thursday. “Auto production is coming back, which is encouraging, and we're seeing a pickup in demand from emerging economies as well.”

http://www.theglobeandmail.com/report-on-business/economy/factories-get-a-reboot-as-global-demand-surges/article1520849/

Ontario's auto sector gets a fresh boost!

"The good news is that the Honda move, combined with the recall of 700 workers at a General Motors of Canada Ltd. plant in Oshawa, Ont., announced last Friday, and the start of a second shift of workers two weeks ago at Toyota Motor Manufacturing Canada Inc. plant in Woodstock, Ont., will put about 2,000 people back to work in the auto sector."

http://www.theglobeandmail.com/report-on-business/ontarios-auto-sector-gets-fresh-boost/article1517887/

[trent]

Manufacturing booming??? You really have your head buried in the sand, don't you? 2,000 people going back in manufacturing will really solve the Ontario manufacturing industry problems :p. Read the article below stating Canada lost 100,000+ manufacturing jobs in January 2009 alone:

http://www.cbc.ca/money/story/2009/02/06/januaryjobs.html

Manufacturing sector booming despite parity of CAD and USD as global demand surges.

“We're seeing sharp recoveries,” Royal Bank of Canada assistant chief economist Paul Ferley said Thursday. “Auto production is coming back, which is encouraging, and we're seeing a pickup in demand from emerging economies as well.”

http://www.theglobeandmail.com/report-on-business/economy/factories-get-a-reboot-as-global-demand-surges/article1520849/

Ontario's auto sector gets a fresh boost!

"The good news is that the Honda move, combined with the recall of 700 workers at a General Motors of Canada Ltd. plant in Oshawa, Ont., announced last Friday, and the start of a second shift of workers two weeks ago at Toyota Motor Manufacturing Canada Inc. plant in Woodstock, Ont., will put about 2,000 people back to work in the auto sector."

http://www.theglobeandmail.com/report-on-business/ontarios-auto-sector-gets-fresh-boost/article1517887/

[Rickson9]

Manufacturing booming??? You really have your head buried in the sand, don't you? 2,000 people going back in manufacturing will really solve the Ontario manufacturing industry problems :p. Read the article below stating Canada lost 100,000+ manufacturing jobs in January 2009 alone:

http://www.cbc.ca/money/story/2009/02/06/januaryjobs.html

I don't make the news. I just link it. Also thanks for the link to the article that is over a year old. Here are a couple more links for those who may be interested in more recent news.

Canada economy to grow 3.3% this year

"Canada’s economy is growing at a steady clip, but not fast enough to prompt the Bank of Canada to break its conditional pledge to stand pat on interest rates until the end of June...

"But it also shows that, with recovery chugging along and after a sharp rise in the Canadian dollar, the rate of growth isn’t expected to nudge the central bank to raise rates any sooner than markets are now thinking."

http://tinyurl.com/y7b3ab4

Manufacturing sales rise in February
"Sales have risen in eight of the past nine months, Statistics Canada said."

http://tinyurl.com/y2az727