Who would invest here, rather than in Donald Trump’s America? Like him or hate him, you know he’s not going to make you do a feminist analysis of your steel mill before approving it.
As Margaret Thatcher once said, "socialism only works until you run out of other peoples money".
Alberta is broke — and heading back into a second NDP recession. The rest of the country is tipping into a recession. Trudeau and Morneau had already been spending tens of billion of dollars in deficits. What will they do now? And here comes Donald Trump’s Buy American trade barriers.
Canada’s terms of trade — a comparison of the prices of exports versus the prices of imports — saw its biggest drop since early 2009, the report said. It fell 3.6 percent in the fourth quarter, which was mostly due to a 34.3 percent decline in crude exports.”
Oh. Well, who likes crude oil anyways, am I right? Let’s get that down to zero — that’s what “phase it out” means.
The lower GDP figure for all of 2018 reflected a slowdown in most categories, including weaker results for household consumption, business investment and housing investment, which contracted 2.3 percent. The agency said the drop in housing investment coincided with rising interest rates and stricter mortgage rules came into force.
In December, economic growth contracted 0.1 per cent for the second consecutive month and the third decline in four months.”
The third decline in four months? Almost in a recession. But hey gang — there’s great news. The one policy success for Trudeau — the one thing he was really passionate about, the one thing he really cares about:
Household spending on marijuana, at an annual rate, totaled $5.9 billion in the fourth quarter — with illegal pot accounting for $4.7 billion of the total and legal weed representing $1.2 billion.
“Cannabis accounted for 0.5 percent of total household spending,” the report said of the quarterly numbers. “And non-medical cannabis accounted for 11.2 percent of spending on alcohol, tobacco, and cannabis.”
So everything’s declining. Real work is declining. Real things — construction, oil, gas, building cars. It’s all declining. We’ve got some inflated housing in the big cities, part of which is just money laundering for China and Russia.
But don’t worry, my dudes. Just smoke some pot, and do your part for the economy — and it’ll all be super.