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Canada officially enters recession
Yahoo ^

Posted on 09/01/2015 10:53:08 AM PDT by Java4Jay

Reeling from low oil prices, Canada fell into a recession in the first half of the year. The economy contracted 0.5 percent in the second quarter after retreating 0.8 percent in the previous three months. It is Canada's second recession in seven years. The data reflects fears about the health of the global economy as more gloomy evidence emerged of a slowdown in China, a main engine of growth worldwide.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: energy; oil

1 posted on 09/01/2015 10:53:08 AM PDT by Java4Jay
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To: Java4Jay

That was fast. There was just an article about slower Canadian Times eariler today.


2 posted on 09/01/2015 10:54:58 AM PDT by Paladin2 (Ive given up on aphostrophys and spell chek on my current device...)
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To: Java4Jay

Canada, the world’s fifth-largest oil producer, has been hit particularly hard by the halving of world oil prices from above $100 last year.


3 posted on 09/01/2015 10:56:01 AM PDT by Java4Jay (The evils of government are directly proportional to the tolerance of the people.)
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To: Java4Jay

Let’s see where this country is at the end of the month.


4 posted on 09/01/2015 10:56:12 AM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Java4Jay

It’s about time ...


5 posted on 09/01/2015 10:56:41 AM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: Java4Jay

The Soros operation to send Stephen Harper to the showers progressing as planned.


6 posted on 09/01/2015 10:58:19 AM PDT by Buckeye McFrog
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To: Buckeye McFrog

Yep and the new Mrs. Universe is calling all natives to vote Harper out.


7 posted on 09/01/2015 11:00:05 AM PDT by xp38
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To: Java4Jay

Can’t they just cook the books?


8 posted on 09/01/2015 11:04:48 AM PDT by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: Java4Jay; All

Was reading an article a few days ago saying this one is REALLY going to hurt in Canada.

Their manufacturing has fallen to the same levels as 1949, so there is NOTHING holding the economy up but oil, and very expensive oil, at that.


9 posted on 09/01/2015 11:16:00 AM PDT by tcrlaf (They told me it could never happen in America. And then it did....)
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To: Java4Jay

Oh, Canada.


10 posted on 09/01/2015 11:44:06 AM PDT by Lazamataz (Ok. We won't call them 'Anchor Babies'. From now on, we shall call them 'Fetal Grappling Hooks'.)
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To: wastoute

yes they can cook the books-

but did not need to for a long time...

has only 35 million people
big oil resources-timber-minerals
LESS than 5% of population are Latin American or Black!-combined!

But like their European counterparts- they have squandered their resources- and will pay a big price

Over the last 20 years- IMMIGRANTION has Soared


11 posted on 09/01/2015 12:12:24 PM PDT by mj1234
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To: Java4Jay

I wonder what our GDP would be based on the formula used by prior presidents until Odunga and his minons can along. Its being Goosed by some phoney R&D expenditure calaculation that ODUNGA’s politburo implemented.


12 posted on 09/01/2015 12:43:29 PM PDT by DAC21 (.z)
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To: xp38

Someone should report her to the fashion mounties.

13 posted on 09/01/2015 2:08:22 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: smokingfrog


14 posted on 09/01/2015 2:12:59 PM PDT by nascarnation (Impeach, convict, deport)
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To: tcrlaf
Their manufacturing has fallen to the same levels as 1949, so there is NOTHING holding the economy up but oil, and very expensive oil, at that.

And Toronto condos. I used to have an office up their and it's amazing how people think they can continue to build mega condo building after mega condo building that sell a 600 sq foot studio for $400,000+ and continue to make money. The second the Chinese realize that it's not an automatic money maker and the cranes come down, Toronto is screwed.

15 posted on 09/01/2015 2:25:34 PM PDT by sharkhawk (Here come the Hawks, the mighty Black Hawks)
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To: Java4Jay

bump


16 posted on 09/02/2015 3:47:12 AM PDT by Berlin_Freeper
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