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megimoo
05-31-2011, 12:59 AM
OTTAWAŚCanada's economy expanded at a 3.9% annualized pace in January through March, the fastest clip in a year and more than double the rate in the U.S., as businesses replenished inventories and boosted investment spending and exports rose while consumer and government spending stalled, Statistics Canada said Monday.

Gross domestic product growth was marginally below the consensus call of 4%, and also undershot the Bank of Canada's 4.2% forecast.

GDP growth accelerated from a downwardly revised 3.1% ..



http://online.wsj.com/article/SB10001424052702303745304576355170933584418.html?m od=googlenews_wsj

lacarnut
05-31-2011, 02:12 AM
OTTAWAŚCanada's economy expanded at a 3.9% annualized pace in January through March, the fastest clip in a year and more than double the rate in the U.S., as businesses replenished inventories and boosted investment spending and exports rose while consumer and government spending stalled, Statistics Canada said Monday.

Gross domestic product growth was marginally below the consensus call of 4%, and also undershot the Bank of Canada's 4.2% forecast.

GDP growth accelerated from a downwardly revised 3.1% ..



http://online.wsj.com/article/SB10001424052702303745304576355170933584418.html?m od=googlenews_wsj

Surprise, surprise. Canadians do not have these left wing anti-drilling screwballs like we do in the US. Between the environmentalist that want to shut down drilling in W. TX because of a lizard and liberals in Congress that only want green energy, we are screwed. Canada believes in exploring their resources.

Gingersnap
05-31-2011, 10:34 AM
Mostly, Canada did not extend credit to dubious home buyers, it did not guarantee liars' loans through the government, and it did not consider any financial institutions "too big to fail". :cool:

fettpett
05-31-2011, 12:28 PM
Mostly, Canada did not extend credit to dubious home buyers, it did not guarantee liars' loans through the government, and it did not consider any financial institutions "too big to fail". :cool:

they did give loans to GM and Chrystler, but it wasn't nearly the Billions that the US gave away

Arroyo_Doble
05-31-2011, 12:34 PM
they did give loans to GM and Chrystler, but it wasn't nearly the Billions that the US gave away

Canada is holding out on Fiat, according to NPR this morning. The United States can't get rid of their position fast enough but the Canadians aren't so quick to relieve themselves of the burden of their ownership stake.

Rcd
05-31-2011, 12:44 PM
Canada is holding out on Fiat, according to NPR this morning. The United States can't get rid of their position fast enough but the Canadians aren't so quick to relieve themselves of the burden of their ownership stake.

NPR, there's an unbiased source.

Arroyo_Doble
05-31-2011, 12:46 PM
NPR, there's an unbiased source.

Yes. I know.

Bailey
05-31-2011, 12:52 PM
Yes. I know.

Apparently not.


On edit: oh and your rangers suck.

Rcd
05-31-2011, 12:52 PM
Yes. I know.

Libs, too dense to understand sarcasm when offered, but just smart enough to find their way to the polls on election day. Got to keep their freebies.

Arroyo_Doble
05-31-2011, 12:59 PM
Libs, too dense to understand sarcasm when offered, but just smart enough to find their way to the polls on election day. Got to keep their freebies.

Fox News' website doesn't appear to have the story but here is another:

The Link (http://www.inautonews.com/fiat-willing-to-buy-canadas-chrysler-stock)

lacarnut
05-31-2011, 01:35 PM
Canada is holding out on Fiat, according to NPR this morning. The United States can't get rid of their position fast enough but the Canadians aren't so quick to relieve themselves of the burden of their ownership stake.

Unlike the dumb asses in the US who lent out billions, Canada wants a better deal and more dough. It also wants assurances that Fiat will not dump Chrysler after a few years. Fiat has one car in production and will bring more on line.

fettpett
05-31-2011, 01:44 PM
the Canucks aren't that stupid, they know that the US got screwed, all the money that they "paid back" was nothing more than a shell game

Arroyo_Doble
05-31-2011, 01:45 PM
Unlike the dumb asses in the US who lent out billions, Canada wants a better deal and more dough. It also wants assurances that Fiat will not dump Chrysler after a few years. Fiat has one car in production and will bring more on line.

According to an AP article, Canada has more flexibility than the United States with regards to the sale of shares.

The Link (http://news.yahoo.com/s/ap/20110530/ap_on_bi_ge/cn_canada_chrysler)

djones520
05-31-2011, 01:52 PM
I bet it's in no small part that the Canadian Corporate Tax rate averages around 16.5%. In comparison, ours more then doubles it at 34.6%

Gives businesses a strong incentive to develop there, instead of here.

Rcd
05-31-2011, 01:54 PM
According to an AP article, Canada has more flexibility than the United States with regards to the sale of shares.

The Link (http://news.yahoo.com/s/ap/20110530/ap_on_bi_ge/cn_canada_chrysler)


Unlike with the shares owed by the U.S. government, the company has no right to compel the Canadian government to sell.

Flaherty said Ottawa will wait to see how the stock transfer process unfolds in the United States before deciding whether Canada will also sell its shares

Seems they are paying attention.

lacarnut
05-31-2011, 02:04 PM
According to an AP article, Canada has more flexibility than the United States with regards to the sale of shares.

The Link (http://news.yahoo.com/s/ap/20110530/ap_on_bi_ge/cn_canada_chrysler)

Unlike the US who will sell out for peanuts, Canada wants a better deal plus wants assurance that those 9000 jobs will not go bye bye. We should learn from the Canadians. Instead, we have a bunch of morons that give away the farm here.

Rcd
05-31-2011, 02:07 PM
Unlike the US who will sell out for peanuts, Canada wants a better deal plus wants assurance that those 9000 jobs will not go bye bye. We should learn from the Canadians. Instead, we have a bunch of morons that give away the farm here.

Hell, we pay farmers not to grow crops.