Canada may yet be spared from the worst of a US recession

[Kidlicious]

Originally posted by Wezil


Nothing of course. That wasn't what I meant.

Were you aware they were buying up Cdn mining companies? Have you even heard of it? Nickel of course is a strategic metal and your rising competitor has locking up a fairly decent supply. It went virtually w/o comment on both sides of the border.

The Japanese were buying up a lot of stuff in the 80s and a lot of people over reacted, thinking they were going to take over the world because they were buying things. The fact is the Chinese have a lot of money and they have to do something with it so they buy stuff. Since they depend on raw materials this makes sense.

[Wezil]

I think it makes perfect sense from the Chinese POV.

[Kidlicious]

Originally posted by Wezil
I think it makes perfect sense from the Chinese POV.

I suggest you elect a polulist president and nationalise all foreign assets.

[notyoueither]

That would be interesting.

[LordShiva]

WTF is a polulist?

[notyoueither]

Someone who failed grade school, but remained popular.

[LordShiva]

And who pollutes?

[Kidlicious]

Originally posted by LordShiva
And who pollutes?

No he polutes dummy. Jeez.

[CrONoS]

From StatCan:

Similar to January, employment growth in February was entirely attributable to an increase in full time. Over the past 12 months, full-time work has grown at three times the pace of part-time employment.

Employment growth in February was mainly in construction; public administration; and professional, scientific and technical services. These gains were partly offset by declines in manufacturing and natural resources.

In February, for the second consecutive month, strength in employment came from private sector employees. Overall employment growth over the past 12 months, however, has been the result of gains in the public sector.

Almost all of February's employment growth was realized in Ontario. Large gains in construction; business, building and other support services; and public administration were partly offset by the continued decline in manufacturing employment.

Wage growth remained strong in February, with a year-over-year increase in average hourly wages estimated at 4.9%. This was well above the most recent increase of 2.2% in consumer prices. February also marked the seventh consecutive month with a year-over-year increase in average hourly wages at, or above, 4%.

[notyoueither]

We need more Mexicans.

[CrONoS]

no sign of recession in Canada...

Gross domestic product (GDP) was up 0.6% in January, as the economy bounced back from the 0.7% decline registered in December 2007.

[Wezil]

Originally posted by CrONoS
no sign of recession in Canada...

Ontario is the worry, hence Flaherty's hamfisted attack on the province last week. The Feds want to blame any upcoming economic downturn in the province on McGuinty.

[Ben Kenobi]

Any specific BC data? I'm hoping we are on the plus side this year. We've been close before.

[Wezil]

Do you have any particular reason to believe they might be or are you just hopeful?

[Ben Kenobi]

No clue. Just hope and curious.