U.S. Global Investors’ Post

Canadians have been increasingly angry at the Trudeau-led Liberals over the last several years. Even the government megaphone, the CBC is reporting negatively about Justin Trudeau. Canadians are angry because they feel the economic vice that has been 'progressively' squeezing ordinary Canadians, entrepreneurs, and small businesses - the engine of our economy. The question is, why did so many Canadians vote for him 3 times over? It's because the bureaucracy has grown so large at all levels of government, that they vote for their jobs which are secure and better paying than the alternatives in the private sector instead of trying to understand how the economy works. The stagnation is palpable and frightening - the article below summarizes the situation and blows away JT's talking points that manipulate economic data to his benefit: https://lnkd.in/g8uF_2fK

Since Trudeau took office through to the second quarter of 2024, which is very close to one full decade, real per capita GDP has grown just 0.6 per cent in Canada — versus 16.4 per cent in the United States. And the gap continues to widen: in contrast to the likely third-quarter reduction in Canada, real GDP per capita grew another 0.6 per cent in the United States . Moreover, a projection from RBC Economics suggests Canada’s real GDP per capita will fall yet again in the final quarter of the year. Put it another way: if real GDP per capita growth in Canada had matched U.S. growth since Trudeau took office, Canadians’ incomes today would be approximately 17 per cent higher on average. https://lnkd.in/gwFkjvhY How can it be that the Prime Minister of Canada is this clueless ... oh I know he believes the "budget will balance itself" ... or his sidekick, Chrystia F who believes we are in a "vibecession" ... You cant make this stuff up ... and Canadians are suffering

Sobering trend and prediction for the Building Industry from recent economic analysis of insolvencies. Quality is a key issue but also is financial management of new builds throughout the life cycle. With population growth predictions outstripping available homes the Australian Government has to review its Immigration and Assimilation policies otherwise our economic performance will impact many Australians.

UK economy emerges from recession with 0.6% growth in first quarter

Struggling Australian Economy Needs Help for Growth and Jobs #Australianeconomy #belowtrendrate #businessinvestment #businesses #COVID19pandemic #economicgrowth #employment #financialassistance #gdpgrowth #householdconsumption #households. #housingmarket #infrastructurespending #PrimeMinisterAnthonyAlbanese #reducinginterestrates #ReserveBankofAustralia #structuralreforms #strugglinghouseholds #sustainableeconomicgrowth #taxcuts #unemploymentrates

Justin Trudeau is bankrupting Canada—literally and figuratively. The 2023 spending report is a damning indictment of his government’s utter detachment from reality. A record $1.083 trillion in spending, up more than 10% in just one year, and for what? Not to help struggling families or fix a broken healthcare system. No, it’s going to ballooning social programs, runaway interest payments, and Trudeau’s favorite pastime: pandering for political points. The most damning aspects of the 2023 Canadian General Government (CGG) spending report reveal a government utterly detached from fiscal discipline and the economic realities faced by Canadians: https://lnkd.in/gW9Ngdu6

Canada’s economic weakness persists. There's an urgent need to get the basics right on growth, and productivity, says our #2024ScorecardReport, just released. "We refuse to accept that slow growth is inevitable," says Coalition co-chair Anne McLellan. "We know there are no easy answers. But Canadians have choices. The decisions that policymakers, businesses and individuals make now will determine our country’s path for years to come.” Canada is at a pivotal moment, added co-chair Lisa Raitt. “Sooner or later, the nation will be at another defining moment, as a federal election looms. Canadians deserve to have a real debate about where growth will come from. It’s incumbent on all parties to provide concrete ideas on how to improve the living standards for all Canadians – today and in the future.” Read the press release: tinyurl.com/ym24nh5h #cdnpoli #cdnecon #livingbetter #growingsustainably #winningglobally

What does economic growth mean to you? Today the Coalition for a Better Future released the #2024ScorecardReport with an update on how Canada measures up on #cdnecon growth. Join the conversation: https://lnkd.in/eZ5TPUfy

Justin Trudeau is bankrupting Canada—literally and figuratively. The 2023 spending report is a damning indictment of his government’s utter detachment from reality. A record $1.083 trillion in spending, up more than 10% in just one year, and for what? Not to help struggling families or fix a broken healthcare system. No, it’s going to ballooning social programs, runaway interest payments, and Trudeau’s favorite pastime: pandering for political points. The most damning aspects of the 2023 Canadian General Government (CGG) spending report reveal a government utterly detached from fiscal discipline and the economic realities faced by Canadians: Historic Spending Surge Government spending reached $1,083.8 billion in 2023, an increase of 10.1% ($99.6 billion) from 2022, surpassing the trillion-dollar threshold for only the second time, despite no pandemic or crisis-level justification. Spending levels now rival those of 2020, a year of unprecedented COVID-19 emergency measures, showing an alarming lack of restraint. read more here... https://lnkd.in/gGsbBuPR

Canada's federal debt as a percentage of GDP increased from 31% in 2015 to 42.2% by the end of 2023. In contrast, during the previous decade, even after the global financial crisis, Canada successfully reduced its debt-to-GDP ratio from 34% in 2010 to 31% in 2015. The surge in debt levels since 2015 has led to higher interest rates, increased cost of living, longer wait times for public services like healthcare, potential tax hikes, and reduced government flexibility in responding to future economic crises. Despite these challenges, the current leadership seems undeterred and confident in their position. #CanadianEconomy #DebtToGDP #EconomicCrisis #PublicDebt #InterestRates #CostOfLiving #FiscalPolicy #LeadershipChallenges #Canada #EconomicOutlook