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Business
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Title: Canada's Economy Grows At Fastest Pace Since 2000
Source: BBC
URL Source: http://news.bbc.co.uk/2/hi/business/8543650.stm
Published: Mar 1, 2010
Author: BBC
Post Date: 2010-03-01 12:25:40 by Brian S
Keywords: None
Views: 1495
Comments: 16

Canada's economy grew in the final three months of 2009 by the fastest pace in nine years, official figures have shown.

The economy expanded by 5% on an annualised basis during the quarter, after growing at a rate of 0.9% in the previous three months.

The data was boosted by rising consumption, government spending and property investments.

Canada's economy has rebounded strongly like its neighbour, the US.

The US economy grew at an annualised rate of 5.9% in the last three months of 2009, the Commerce Department said last week, revised higher from the first estimate of 5.7%.

Canada's growth was the more than economists had predicted, and faster than the 3.3% that its central bank had expected.

It was the fastest growth rate since the third quarter of 2000.

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#1. To: Brian S (#0)

I wonder how much was related to the pending Olympics?

my anti groupie can't get through life without me.

Badeye  posted on  2010-03-01   12:39:19 ET  Reply   Trace   Private Reply  


#2. To: Badeye (#1) (Edited)

Given that residential spending was up as was consumer spending but investment in non residential structures and machinery and equipment fell...apparently very little...

Day 8 of Packrat refusing to register here. Day 6 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount?

war  posted on  2010-03-01   12:50:35 ET  Reply   Trace   Private Reply  


#3. To: Badeye (#1)

I wonder how much was related to the pending Olympics?

Or the fact that they maintained the banking regulations that we repealed in 1999?

Being a Republican means you get to choose your own reality.

go65  posted on  2010-03-01   12:57:01 ET  Reply   Trace   Private Reply  


#4. To: go65 (#3)

(chuckle)

my anti groupie can't get through life without me.

Badeye  posted on  2010-03-01   12:59:55 ET  Reply   Trace   Private Reply  


#5. To: Badeye (#4)

If it only it were amusing. Canada has had the soundest banking system in the world several years due to a much stricter regulatory authority than we have here in the U.S.

See the below from late 2008: www.reuters.com/article/idUSTRE4981X220081009

CANBERRA (Reuters) - Canada has the world's soundest banking system, closely followed by Sweden, Luxembourg and Australia, a survey by the World Economic Forum has found as financial crisis and bank failures shake world markets.

But Britain, which once ranked in the top five, has slipped to 44th place behind El Salvador and Peru, after a 50 billion pound ($86.5 billion) pledge this week by the government to bolster bank balance sheets.

The United States, where some of Wall Street's biggest financial names have collapsed in recent weeks, rated only 40, just behind Germany at 39, and smaller states such as Barbados, Estonia and even Namibia, in southern Africa.

Being a Republican means you get to choose your own reality.

go65  posted on  2010-03-01   13:02:32 ET  Reply   Trace   Private Reply  


#6. To: go65 (#5)

do you have anything on topic?

my anti groupie can't get through life without me.

Badeye  posted on  2010-03-01   14:01:21 ET  Reply   Trace   Private Reply  


#7. To: Badeye (#6)

do you have anything on topic?

Sorry, thought the topic was Canada's economy. I must be wrong, sorry.

Being a Republican means you get to choose your own reality.

go65  posted on  2010-03-01   16:11:08 ET  Reply   Trace   Private Reply  


#8. To: go65 (#7)

Sorry, thought the topic was Canada's economy. I must be wrong, sorry.

(laughing)

Day 8 of Packrat refusing to register here. Day 6 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...)

war  posted on  2010-03-01   16:12:14 ET  Reply   Trace   Private Reply  


#9. To: go65 (#7)

It has nothing to do with our changing our banking regulations.

my anti groupie can't get through life without me.

Badeye  posted on  2010-03-01   16:25:55 ET  Reply   Trace   Private Reply  


#10. To: Badeye (#9)

It has nothing to do with our changing our banking regulations.

You don't think that the soundness of Canada's banking system compared to our own has anything to do with the state of their economy compared to ours?

OK.

Being a Republican means you get to choose your own reality.

go65  posted on  2010-03-01   17:14:35 ET  Reply   Trace   Private Reply  


#11. To: go65 (#10)

No, I don't. The shear size difference, and the impact worldwide and on the respective domestic fronts demonstrate why I view it this way.

my anti groupie can't get through life without me.

Badeye  posted on  2010-03-02   10:52:54 ET  Reply   Trace   Private Reply  


#12. To: Badeye, go65 (#11) (Edited)

and the impact worldwide

The largest financiers of Latin America are the Canadian banks, Boofer. Scotiabank played a key role in the Mexican bailout and is usually the lead underwriter on Pemmex issuance...

Why do you always feel the need to not only take a shit on a thread but then, in a fit of unjustified arrogance, STEP in that same shit?

And it's not that I mind, Boofer, as you once again provide day in and day out entertainment with your bullshit...I'm just askin'...

Day 9 of Packrat refusing to register here. Day 7 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...)

war  posted on  2010-03-02   10:57:57 ET  Reply   Trace   Private Reply  


#13. To: war (#12)

The largest financiers of Latin America are the Canadian banks, Boofer. Scotiabank played a key role in the Mexican bailout and is usually the lead underwriter on Pemmex issuance...

Why do you always feel the need to not only take a shit on a thread but then, in a fit of unjustified arrogance, STEP in that same shit?

And it's not that I mind, Boofer, as you once again provide day in and day out entertainment with your bullshit...I'm just askin'...

you keep assuming facts matter.

Being a Republican means you get to choose your own reality.

go65  posted on  2010-03-02   13:51:56 ET  Reply   Trace   Private Reply  


#14. To: go65 (#13) (Edited)

I know....you'd think I'd learn after 10 years and 500k* posts of his...damn me anyhow...

*Sorry if I shorted you Boof...it's probably closer to 1.5MM

Day 9 of Packrat refusing to register here. Day 7 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...

war  posted on  2010-03-02   13:54:06 ET  Reply   Trace   Private Reply  


#15. To: go65 (#13)

Is my anti groupie throwin another hissy fit?

(chuckle)

Poor little guy, unemployed, no where to go on the 'net these days...it would be sad if not self inflicted...

my anti groupie can't get through life without me.

Badeye  posted on  2010-03-02   14:22:31 ET  Reply   Trace   Private Reply  


#16. To: Badeye (#15) (Edited)

Poor little guy, unemployed, no where to go on the 'net these days...it would be sad if not self inflicted...

Tell us about alll of your net options, Boof. Where can you go? FR? GO[P] right ahead. The Queefing Room and it's 3 posters?

Have fun.

BTW, the over/under on you losing self control - yet again on a NG - is the end of May.

That said...do you have anything on topic? (laughing)

Day 9 of Packrat refusing to register here. Day 7 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...

war  posted on  2010-03-02   14:31:53 ET  Reply   Trace   Private Reply  


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