You are right Shankar, the voices on the right are making false noise over something that is understandable in the context and is not really that bad. I am a lifelong Liberal that was ready to vote Conservative in the last election because I was desperate to remove Justin Trudeau, the author of Canada's 'lost decade' of investment, meaningful foreign policy and overall relevance. I mean, this is the man who stated in 2022 that there was no business case for exporting natural gas...
I believe some of the lagging economic performance is a hangover from those 10 years of neglect around the energy, minerals and manufacturing sectors. Carney is trying to catch up and close the deficit and I think is setting the country on a strong growth path that provides for more self-sufficiency. I am so happy he came along, I can't imagine what our situation would be if Poilievre was the PM.
Shankar, this is a useful reminder of how easily a single number can dominate the debate.
A 6.7% unemployment rate may trigger political alarm, but the level itself is not the key signal. As you note, the real story sits in the trendline.
In Canada’s case, that trend is unfolding inside a much larger shift: geopolitical shocks and a changing US economic strategy that inevitably shape Canada’s labour market.
The number matters less than how the country adapts to that new environment.
Shankar, at least you have a government that is telling you the truth about the labor figures that they are measuring. I personally believe Trump is cooking the books in the United States and that we are in a lot worse shape than the numbers that his various and sundry executive department offices are putting out. It feels like reported unemployment numbers when they're reported are low and then two months later they're "adjusted" higher!
It may be just me but, I don't believe a word these guys say.
This is such a great post - as Hans says above, it goes to show you just “one thing” can move opinion and dominate the discussions, even when taken in the right context that number isn’t actual what it looks like. Still, opinion is almost impossible to manage or move as a politician, it often goes where you don’t want it to - seemingly without actual logic. I think Mark Carney is in a reasonable position at the moment with his approval ratings, but it doesn’t take much to move things.
I’m so suspicious. I trust nothing they say. I read that tariff $ will be repaid and my mind suggested to me, “Only if there is anything left in the Treasury.”
You are right Shankar, the voices on the right are making false noise over something that is understandable in the context and is not really that bad. I am a lifelong Liberal that was ready to vote Conservative in the last election because I was desperate to remove Justin Trudeau, the author of Canada's 'lost decade' of investment, meaningful foreign policy and overall relevance. I mean, this is the man who stated in 2022 that there was no business case for exporting natural gas...
I believe some of the lagging economic performance is a hangover from those 10 years of neglect around the energy, minerals and manufacturing sectors. Carney is trying to catch up and close the deficit and I think is setting the country on a strong growth path that provides for more self-sufficiency. I am so happy he came along, I can't imagine what our situation would be if Poilievre was the PM.
Shankar, this is a useful reminder of how easily a single number can dominate the debate.
A 6.7% unemployment rate may trigger political alarm, but the level itself is not the key signal. As you note, the real story sits in the trendline.
In Canada’s case, that trend is unfolding inside a much larger shift: geopolitical shocks and a changing US economic strategy that inevitably shape Canada’s labour market.
The number matters less than how the country adapts to that new environment.
Shankar, at least you have a government that is telling you the truth about the labor figures that they are measuring. I personally believe Trump is cooking the books in the United States and that we are in a lot worse shape than the numbers that his various and sundry executive department offices are putting out. It feels like reported unemployment numbers when they're reported are low and then two months later they're "adjusted" higher!
It may be just me but, I don't believe a word these guys say.
Agree with this. Also keep in mind that those unemployed have health insurance.
This is such a great post - as Hans says above, it goes to show you just “one thing” can move opinion and dominate the discussions, even when taken in the right context that number isn’t actual what it looks like. Still, opinion is almost impossible to manage or move as a politician, it often goes where you don’t want it to - seemingly without actual logic. I think Mark Carney is in a reasonable position at the moment with his approval ratings, but it doesn’t take much to move things.
I’m so suspicious. I trust nothing they say. I read that tariff $ will be repaid and my mind suggested to me, “Only if there is anything left in the Treasury.”
I come here for the honesty.
They can play around with it. It will add to debt. But they wont care ..
Ugh.
It does not take much to trigger Poilievre and the Cons, the no sense party!
The world is not facing separate crises anymore — it’s one system under pressure.
A short reflection from 🇺🇦 Ukraine.
https://sashaantonov.substack.com/p/ukraines-cards-in-the-middle-east?r=5feb9f&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true
Please transfer my subscription to Concis Canada
Greg, I believe you will find some explanation of that decline in Dennis Drolet’s comment.
Sorry, Denis Drolet’s