A report said that Canada’s economy lost 24,200 “net” jobs in July, the second month in a row with job losses, and the unemployment rate rose to 5.7 per cent. But the figures are misleading. That month, 69,300 private-sector jobs were lost, and the “net” figure was derived from subtracting the creation of 17,500 public sector jobs and an increase in self-employment by 27,700.
Worse, Canada’s GDP grew as of July by only 0.9 per cent. By comparison, the Americans’ GDP grew by two per cent.In 2015, the Liberals promised to balance the federal budget by the next election, in 2019, and to add no more than $20 billion to the debt. Not only will there be no breakeven this election year, but the burden of campaign promises, and servicing of the excessive debt they have piled on, will guarantee massive deficits for some time.
“Canada’s gross debt will increase this year by almost $120 billion since the previous government tabled its last budget in 2015. On a per-person basis, each Canadian has acquired $1,725 more in federal debt since Prime Minister Trudeau took office,” the think tank added.This has been all the more reckless during a period of economic growth, fuelled mostly by the American economy. Now that the economy slows, high debts are a prescription for trouble.
Kevin O’Leary, a successful money manager and former Conservative leadership candidate, said in an interview in July that it’s important that Canadians vote out the Liberals. The issue is, he said, that Prime Minister Justin Trudeau is a “young man who had no managerial history.”
LIES LIES LIES +3.7% GDP growth 81000 jobs last month Lowest unemployment in 40+ years CPC want to destroy this., National Post is their toilet bowl echo chamber.
Agreed. Is is not a drama class or pretending to teach 3 year olds how to act. They already are actors.
THE REAL STORY. Canada 'actual' Aug. 2019 was +34.1 K, BC -14.2 K, 2nd loss in a row. Quebec actual was -10.2 K StatCan 'massaged*' into +19.7 K, +30K! StatCan Labour Force Survey Data: *StatCan 'Unadjusted' = actual/raw. 'Seasonally Adjusted' = Unadjusted after StatCan S/W.
Diane Francis is a huge supporter of Doug Ford. Enough said.
BS. Lowest unemployment rate in decades. GDP up along with exports.
Lowest unemployment rate since 1976.... 81,000 jobs created last month... best debt to GDP in G7...
Fraser quote. Check. TV infotainer quote. Check. Very, very senior citizen not understanding economics. Check. Post Media? Check.
Lowest unemployment rate since the 1970s?
Oh you think? Whoever thought putting a failed drama teacher in charge of a country is and idiot!
Best economy and lowest unemployment in forty years. Thanks JustinTrudeau ChooseForward Voteliberal
Postmedia being post-media.🙄
Conservatives under Scheer seem to be a bit lost and can’t even capitalise on the fact that this Liberal government is terrible. Where is Scheer with an articulation of what he would do if in power to advance progress conservative priorities.
Trudeau is so handsome.
Sheer Nonsense.
Government can also invest in infrastructure and education to support a strong workforce. Trudeau seems to be selling the ridiculous notion that gov’t needs to take taxpayer money and invest in companies (like Bombardier) or try to save jobs by allowing corps to break the law.
I do not like Trudeau, however I don’t think there is much a government can do to materially influence the economy directly. They can however create an environment that is favourable for businesses to invest, innovate and grow.
BoycottPostMedia it's full of conservative shills and misogyniatic racists.
Does she even read her own Papers?
Are you for real? Do words bear any meaning to you at all? What makes you think you can just lie like that?
Last I heard our economy is ticking along very nicely Diane. Job job and more jobs. GDP excellent so I dont know where your getting your figures but I guess your free to state anything.
Are you sure this is the story you want to go with? This is right from 1984.
Lol, the Fraser Institute and Kevin O'Leary are your sources for this article? I can't even begin to express the hilarity of this. cdnpoli
Is this the Canadian onion?
DON’T VOTE LIBERAL
too young and too inexperienced in life.
HAHAHAHAHAHAHA! Are you joking? The Canadian economy is in excellent shape, thanks to Justin Trudeau and his finance guy. You'd do better to analyze the US economy.
Trudeau and Canada's money
I completely agree. Trudeau got voted in for his hair, not for his ability to lead a country. TrudeauMustGo adiostrudeau
How would Scheer do better with zero experience?
......the economy is not great for 'National Post' they are barely able to survive ……….Twitter is their biggest account...….so they flog B/S about the 'CON's on a daily basis......
Diane, you never surprise us with your petty biased views. Are you suggesting Scheer has experience? That’s simply nonsense.
Is that why we have low unemployment and a strong economy? hmmm
Diane, give up
Dear National Post: How much does the Conservative Party pay you, and do you realize yet no one listens to a word Postmedia says anymore because it's so obvious you are a Conservative propaganda rag and not journalism?
Here's that harder right wing slant they've been pushing
Lowest unemployment in years
Um Prince Jackwagon's Perpetual Blank Stare, Haida Tattoo, Rolled-Up Sleeves & 1/2 Page Resume, Beg to Differ Less Than 2 Months RCMP TeamJackwagon 🤡 BecauseIts a GongShow SNCNormanEthicsAtwalKhadrBoyleISIS TrudeauJr PeterPanPM UsefulIdiot2TheWorld MagicKingdom
81,000 new jobs in August. Get bent.
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