Monday, May 31, 2010

Canadian economy booming

The Canadian economy grew at twice the rate of the American. The grits and dippers continue to ignore the economy and continue slinging mud. Would the economy under a rae coalition prosper? With large tax increases and ever more government spending, I guarantee not.

Economy growing at 6.1% pace
3rd straight quarter of growth following recession

CBC News
Canada's economy expanded by 1.5 per cent in this year's first quarter, the third straight gain following a recession.

Statistics Canada released data Monday showing Canada's gross domestic product grew by 1.5 per cent between January and April inclusive, following a 1.2 per cent gain in the three months before that.

On an annualized basis, GDP grew 6.1 in the first quarter after advancing 4.9 in the fourth quarter of 2009. That pace of growth is the strongest in more than a decade.

The U.S. economy expanded at a three per cent pace during the same period.

Goods-producing industries grew by 2.7 per cent during the quarter, outpacing the 1.1 per cent gain in services. In manufacturing, the gains were widespread, with durable and non-durable goods advancing 5.9 and 2.1 per cent, respectively.


Anonymous said...

It’s interesting that Iffy’s big contribution to the stimulus debate was to hold PMSH’s feet to the fire by insisting on regular reports on how the stimulus was benefiting Canada. Why isn’t Iffy insisting on his reports being tabled?

We know for example that the Ottawa stimulus has 16,000 projects underway across the country. By contrast Obama gave much of his stimulus money to the States who used it offset their imploding deficits, in other words a non-stimulus. Why doesn’t Iffy stand up in Parliament and point out the much more common sense approach by Canada? Does Iffy love Canada? Canadians want to know.


Big Red Magnum said...

By what are they gauging the recovery? certainly not jobs.
Vancouver is dead dead dead no construction jobs for Canadians, just Mexicans.
Construction is the first to boom and the first to bust, there is no boom and we are still busted.
Government paid jobs and resource revenue don't tell the real picture.
What are the private sector job numbers? that's the real tell.

Jen said...

dR. Roy,
go to this webpage and you will see the Benjamin's photo waving then on the left side of the paper you will see these articles:

Harper seen as champion of Israel by Jonathan Kay

Politics and heavy security at Israel march-by Joseph Brean.

Part of Brean's article states

"Canada where the very mention of Stephen Harper's name elicited a foot-stomping ovation".

Read both

I Support Lord Black