Canadian Data (3)
The following data appeared in threads posted in the past two weeks in By George Journal on X.
After a full decade of the Liberals in office in Ottawa, today Canadians are caught in a perfect storm. Mark Carney has been the author of the Liberals’ fiscal and economic plans since being invited into the PMO in 2020. With Carney, Canada’s economic performance is sagging and Canadians are suffering. Cost of living for many is unaffordable. With Carney, the country’s standard of living has sunk to rank as the lowest of the G-7. The data speak volumes.
Canada has the dubious record of being the worst performing economy in the G-7. The WORST since 2023 – and last year Canada’s economy continued along a troubled trajectory.
We all recognize this chart that shows through this decade Canada’s economy is projected to grow the LEAST of all the world’s economies. ABSOLUTE BOTTOM OF THE PACK.
The Bank of Canada reports that more than 9 in 10 (93 per cent) of economists and financial analysts believe Canada’s GDP is under-performing. Ongoing trade tensions with the United States were cited as the top economic liability for Canadian business and financial leaders, followed by the tightening of global financial conditions and weak consumer spending.
With no confidence in the domestic marketplace, Canadians after increasingly investing abroad. Canada now has more than a billion dollar gap in investment – a growing trend since 2015 and the Liberals arrival in Ottawa.
Canadian manufacturing has tanked over the last three years.
Canadian business is not re-investing in their operations – and this fact is glaring when comparing Canadians’ business investment to that south of the border. Immediately after the Liberals took office in 2015, it was like a balloon popped and all the confidence drained from Canada’s manufacturing sector
More Canadians are choosing to start their businesses outside the country where they have a greater perceived chance of success.
Canadians are feeling the effects of a poorly running economy and they are now one of the most indebted people in the world.
As Mark Carney gaslights Canadians, saying he’s building the strongest economy in the G7, mortgage arrears in Canada and Ontario are climbing to the 2008 financial crisis levels. Also, debt loads hits record levels for Canadians Melissa will tell you what should be obvious to any financially literate individual: “This is NOT sustainable.” (6/9) (THX to Melissa on X who is relentless in calling out the economic crisis in Canada.)
Canadians are just barely keeping their head above water as they are swimming in debt. Individuals. Businesses. Government. Combined debt load is 2.35 times larger than the country’s annual GDP!
Canadians are being hit the hardest with grocery costs – the highest food inflation in the G-7.
There are a greater number of aging Canadians who can no longer afford to retire.
Canada did not get in its sorry economic state overnight. It is the result of a decade of Liberals in Ottawa. Canadians’ prosperity is endangered should we continue down the road paved by the Carney Liberals.
After 5 years of a Carney-managed Canadian economy, Milton Friedman’s classic quote says it all. Canadian Data is compiled by the By George Journal, an independent news source that is presenting facts that cut through the gaslighting of government narrative and legacy media headlines. Canadians’ prosperity is endangered should we continue down the road paved by the Carney Liberals.
Canadian Data is compiled by the By George Journal, an independent news source that is presenting facts that cut through the gaslighting of government narrative and legacy media headlines.
You can find Canadian Data as threads posted in the By George Journal on X.
The Liberals still have us crushed with woke dreams of electric cars, climate change and buying votes with our own tax dollars. No change in sight.
I fail to see how we can promote Canada with so many obstacles. Pipelines and tankers are still up in the air…Memorandum of Understanding? Mining for critical minerals…no legitimate agreements involving indigenous groups? Climate change agenda…bankrupting Canada with very little to show. With a prospective positive agenda/policies? Restrictive tax laws…unless prospective revisions are addressed? Massive federal debt that will extend for decades…and still adding to it?
I question what business, organization, entrepreneur or corporation would invest in Canada as it currently exists.
And to top it off, Carney’s government insists on antagonizing Trump.
When do we see the fruits of the “possible” trade talks with various countries over the past year? And how will it be structured. Are we giving Canada away.
The most unsettling factor is any possible trade agreement that also involves security agreement with the Chinese. Truly disturbing.