11–20 of 43 posts
I’m surprised it’s taken this long to get here. Talking to a few friends up there, the country has been feeling economically depressed for the last couple of years.
Economic malaise is orthogonal to the technical definition of a recession, though it is often correlated. And conversely, economic growth isn't always correlated with positive feelings (eg. South Korea and Canada in the 2010s)
Considering all of Trump’s shenanigans it’s impressive it’s just that. With Hormuz, tariffs, and America first, this is the equivalent of a fender dent after spinning out on black ice.
Considering all of Trump’s shenanigans it’s impressive it’s just that. With Hormuz, tariffs, and America first, this is the equivalent of a fender dent after spinning out on black ice.
I’m surprised it’s taken this long to get here. Talking to a few friends up there, the country has been feeling economically depressed for the last couple of years.
Considering all of Trump’s shenanigans it’s impressive it’s just that. With Hormuz, tariffs, and America first, this is the equivalent of a fender dent after spinning out on black ice.
Given canada has so much oil,is the hormuz situation really a net negative for canada ecconomically? Like obviously its terrible in general, but id expect higher oil prices to help starve off a recesion.
I’m surprised it’s taken this long to get here. Talking to a few friends up there, the country has been feeling economically depressed for the last couple of years.
The formal and traditional definition of a recession means a regression in GDP growth. Economic malaise is orthogonal to the technical definition of a recession, though it is often correlated. And conversely, economic growth isn't always correlated with positive feelings (eg. South Korea and Canada in the 2010s)
https://www.investopedia.com/articles/fundamental/103002.asp
I wonder to what extent the clamp down on immigration is related to this. Feels like a factor that gets lost with everyone blaming trump (which dont get me wrong, he deserves)
It doesn't hurt but it doesn't really help either.
According to a buddy of mine from my policy days, GAC has always known there were issues with how immigration was managed in Canada but their diplomatic posts tend to severely lack intel and law enforcement attaches unlike most other foreign services, which made background checking difficult. There was also a recognition internally that the kinds of immigrants Canada wanted would be poached via an O-1 anyhow, so there was a perverse incentive around how skilled immigration was managed. And add to that the fact that the provinces themselves also managed immigration to a certain degree. All that led to a bureaucratic breakdown.
Additionally, when even Canadian policymakers are actively targeting American finance, VC, and lobbying jobs (like my friend), it shows you that there are deeper, fundamental issues. Heck, Carney only came back to Canada because his door to 10 Downing Street was effectively shut due to BoJo.