Manufacturing slowdown stalls economy

Political | 472 hits | May 30 4:39 pm | Posted by: tritium

OTTAWA - Canada's economy shrank 0.3 per cent in the first quarter of 2008 from a year earlier - marking the first decline in nearly five years - as the manufacturing sector continued to weaken, Statistics Canada said Friday.

Comments

by RUEZ
Sat May 31, 2008 1:02 am
Hey Tritium, if you are going to accuse me and others of making some assumptions, the least you can do is link to what we have allegedly said lest you look like a retard.
by RUEZ
Sat May 31, 2008 1:08 am
It seems strange that I would say the U.S. slowdown wouldn't affect Canada since the town I live in is a forest town that is absolutely reeling from the affects.
by RPW
Sat May 31, 2008 5:16 am
What do you expect from the country that epitomizes the "hewers of wood, drawers of water" image......?
by tritium
Sat May 31, 2008 5:57 am
Eat dirt RUEZ. post1187526

btw, here in Calgary housing sales have slowed down to where developers are now not able to sell out new condo units within the first few months as they once did.

Housing and economy are getting closer to a recession in Canada because the U.S. buyers of lumber, autos, trucks have slowed down.

Canada is very much dependant on the U.S. economy, even if we want to think we can do without them. You can thank NAFTA for that.
by RUEZ
Sat May 31, 2008 6:10 am
"tritium" said
Eat dirt RUEZ. post1187526

That's your proof?
It may not hit Canada. Banks don't offer a sub-prime mortgage here like they do there
My quote shows that I was talking about the mortgage problem hitting Canada like they have the U.S., not that Canada wouldn't be affected by what's happening in the U.S. Nice try though. Also by saying "it may not hit Canada" I was not claiming Canada wouldn't be affected. Come back when you have something else.
by RPW
Sat May 31, 2008 2:49 pm
Of course, just like in "Wag the Dog"
http://www.wag-the-dog.com/Story/index.html
maybe this is all just a little hysteria-mongering.
by ridenrain
Sun Jun 01, 2008 6:23 am
We are getting dangerously clsoe to the point where more people sell things than make things. Those manufacturing jobs give Canada strength and prosperiity that can't be matched in sales, tourism and the wide scope of "service" industry.

I also laugh at the idea that the "green" economy is going to somehow bring prosperity to all Canadians. Most likely, a very small few will make a huge ammount of money and the rest of us will be picking up their discarded cans by the side of the road.