Quote:
Originally Posted by headhorse
1% GDP growth in 2018. Those conservatives are quite the economic geniuses
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That's not surprising, growth is pretty sluggish everywhere in Canada. Canada's GDP grew at 1.8% for 2018, Manitoba's by 1.3%. Most of the growth was in the first half of the year. If Q1 2019 GDP growth comes in as predicted, combined with the Q4 2018 annualized growth rate of 0.4%, it will confirm that Canada is in a per capita recession.
The United States continues to eat Canada for breakfast, with an annualized Q4 2018 growth rate of 2.6%. Whether it's growth, household debt, inward investment, wage growth (running at half of inflation) or the current account, most economic indicators show that Canada has serious economic problems. Not to worry, bathrooms in elementary schools are of greater concern.
On the bright side, after a 2.3% increase on February 1st and the levying of a carbon tax (plus GST on the tax, a tax on a tax) on April 1st, natural gas is only going up by 1.1% on May 1st. Strange, natural gas futures have declined by about 10% since this time last year on the NYMEX.