Canada's GDP growth to top G7 in 2010

reply to post by tothetenthpower


Right on, I lived in Woodstock area, if you know were that is lol.

reply to post by Maddogkull


Yuppers, worked and hung out with the McCain boys way back in the day lol.

My kids are still good friends with their younger children now.

~Keeper

Canada is definitely the best country in the world.

The more I see the problems that are plaguing other nations the less I'm bothered by our taxes. It must be a combination of the cold and vast size of the land that tempers people once they come here:

It's hard to stay angry when you need to mush your dog sled 50 kilometers to the nearest igloo during a July blizzard

We've got our problems too, but our saving grace as a nation is that you cannot outsource natural resources. Canada will always produce things that other nations want.

[edit on 23-3-2010 by [davinci]]

I love being Canadian... you hear negative things about countries all over the world... but rarely from Canada!

I think the main reason why Canada is doing so well... and will always do well for at least the next 20 years is because we have VAST amounts of un-tapped resources all over the place. That is our money reserves right there; our land.

As for the weather in the praries... The summers are hot and the winters are cold. Its the coldest place ever in winter... but its also the most beautiful place ever in the summer.

And I love skiing, so its win-win!

On a related note, it looks like the Canadian dollar is just about to par the US dollar. It inched over 99 cents the other day and is supposed to surpass it by summer. Unlike 2007 when it last hit parity, this time it isn't just due to a falling USD and fluctuating oil prices, but foreign investment in our currency and domestic products. They were saying on the CBC that the loonie could reach as high as $1.30 USD in the next 5-10 years.

The C$ is also at an all time high vs the Euro at $0.73

Have a dollar worth $1.30 USD would definitely make some vacation spots a lot more attractive in the cold winter months lol

Kudos for Canada eh.

Let's put this in perspective though.
That's a great 3% growth in Canada's 1.4 Trillion Dollar GDP. Mostly Raw materials you say?

The US should see a 2.7% to 2.9% Growth [Maybe] of a 14.1 Trillion dollar GDP. Here is a nifty web-page, simply plug in the economies you would like to compare.

Nifty Link

Originally posted by SLAYER69
Kudos for Canada eh.

Let's put this in perspective though.
That's a great 3% growth in Canada's 1.4 Trillion Dollar GDP. Mostly Raw materials you say?

The US should see a 2.7% to 2.9% Growth [Maybe] of a 14.1 Trillion dollar GDP. Here is a nifty web-page, simply plug in the economies you would like to compare.

Nifty Link

I mentioned that America's GDP is also growing, so what I don't understand is how you can talk out one side of your mouth about the "collapse of America", and then out the other say all is peachy. By "you" I'm generalizing of course. Which is it? Implosion, or no problem? It's always extremes with Americans.

I for one think America is going to be fine, my argument is probably more against the American rhetoric than with the reality of the situation which isn't that bad.

Although if you look at our deficites our annual budget deficit is "only" 3.5% of gross domestic product, versus 9.9% for the United States. But still, not great, but not quite implosion level, eh?

Originally posted by ZombieOctopus


I mentioned that America's GDP is also growing, so what I don't understand is how you can talk out one side of your mouth about the "collapse of America", and then out the other say all is peachy. By "you" I'm generalizing of course.

I'm not a member of the gloom and doom team. I am however Extremely PO over a recent "Bill that became law". That's off topic.

People love the gloom and doom scenarios. If the US is not growing at 8% like China then we are done for.

PFFFT.

reply to post by SLAYER69


You should post more then, do your part to offset the crazy people. You have much work ahead of you.

The biggest problem with it is that people start to actually believe them over time, no matter how untrue it may be.

As Obama's close personal mentor once said

"If you tell a lie big enough and keep repeating it, people will eventually come to believe it."

/sarcasm

reply to post by SLAYER69


Exactly

It is a hell of a lot easier for Canada to grow at a higher percent than the USA.

Think about it. If a $1.00 stock jumped to $2.00 it would be a 100% move.

If Apple jumped 100% it would move from $220.00(roughly) to $440.00

Which is more likely?

EDIT: realized I over exemplified this analogy but you get it

[edit on 23-3-2010 by GreenBicMan]

Originally posted by GreenBicMan


It is a hell of a lot easier for Canada to grow at a higher percent than the USA.

Think about it. If a $1.00 stock jumped to $2.00 it would be a 100% move.

If Apple jumped 100% it would move from $220.00(roughly) to $440.00

Which is more likely?

This makes no sense, it's funny really.

You do realize Canada has 1/10 the population.

Of course our numbers will be proportional.

reply to post by Sean48


I don't care about population

We are talking percentage growth in a recessionary environment.

If the USA could grow at the same clip year after year after year without smaller countries making bigger percentage gains relative to their GDP there would be no need for a global equities market.

reply to post by tothetenthpower

Of course that minus 40c is wind chill factor right?
No ? about it, I live in New Brunswick, sure it's hit -32 but most of the time the low points are -18, -20c or so, but most of the time 0c, -5, . Of course this is in winter!

AHeheHHem, Ok where were we....

About looking elsewhere for trade;
It's important to remember that the US will still need to consume, so The US will continue to be important, but at a reduced rate.
(Consuming is bad anyway, quality of life is what matters.)
It's too bad about all the corruption, the wars, bailouts, the Federal reserve, money created from nothing, a private corporation that sells your government money, the debt to them and all that, yeah the Feds a big problem.

Originally posted by Sean48

This makes no sense, it's funny really.

You do realize Canada has 1/10 the population.

Of course our numbers will be proportional.

Well for all their people China's 4 Trillion dollar economy doesn't cut it yet.

Linky here

[edit on 23-3-2010 by SLAYER69]

reply to post by SLAYER69


Correct

Population is NOT A FUNCTION of GDP

You don't take GDP and divide by population etc.

Nothing to do with it actually, although you could divide to find the MOST EFFICIENT POPULATION TO GDP RATIO. Don't know what good that would do you though at least within the next 10 years.

Originally posted by SLAYER69



Well for all their people China's 4 Trillion dollar economy doesn't cut it yet.

Not sure how China made this thread.

But be interesting to see where they were 10 years ago.

And where they will be in 10 years.

reply to post by Sean48


Because you said they would correlate or something to that effect because of the population.

Now he is pointing out that population has nothing to do with the GDP equation based on China's population.

Originally posted by GreenBicMan
reply to post by Sean48

 

Because you said they would correlate or something to that effect because of the population.

Now he is pointing out that population has nothing to do with the GDP equation based on China's population.

Slayer's keyboard broken ?

you do his laundry as well?

reply to post by Sean48


It is because you replied to me, and his response was in reply to your misinformed post.

And I wash his drawers, but he doesn't have to worry because I don't wear underwear - just gets in the way.

Guys the point of the thread isn't whose GDP is better lol

My point is that the world economy, Canada's in particular, isn't imploding because some Americans think their recession is the apocalypse. And just because there is an American recession doesn't imply that we're tied to it in an inescapable way.

Canada's economy is strengthening, and America isn't doing nearly as bad as many people, especially on ATS, would have you believe. Things aren't that bad now and they're on the rise as we speak!