I'm not an economist, thank god, but I think I understand what the Financial Post writer Pamela Heaven is saying here:
Posthaste: Recession, what recession? Canada's economy is doing better than it has in years by this measureSo naturally, Poilievre is in a panic. And I guess he thinks Canadians are stupid and easily bamboozled, doesn't he. Here are more unhinged remarks: I had to check to make sure Poilievre had actually posted this drivel. Yes, he did.
GDP per person is once again on the rise
Canadian economic data made international news Friday as the latest reading of gross domestic product earned mentions from everyone from investing guru Mohamed El-Erian to the Wall Street Journal.
Canada’s GDP doesn’t often attract such attention, but this time a second quarter of contraction raised the red flag of “technical recession.”
Conservative leader Pierre Poilievre seized on the data, accusing Prime Minister Mark Carney of being the only G7 leader to send his country’s economy into recession and calling for an emergency debate.
The numbers were certainly a surprise. The 0.1 per cent decline in GDP in the first quarter shocked observers who had been expecting growth closer to 2 per cent. ‘Historically unusual,” is how Nathan Janzen, assistant chief economist at the Royal Bank of Canada, described it.
Luckily, economists say there is more to a recession than just two quarters of negative growth — namely the 3 Ds — depth, duration and dispersion.
This decline is not even close on depth — amounting to just 0.6 per cent annualized over the two quarters, “barely a scratch in GDP terms,” said Robert Kavcic, senior economist at BMO Capital Markets in a note.
In the past three Canadians recessions, outside the pandemic, the average decline at the weakest point was 5.3 per cent.
Nor is weakness widespread across the economy. The trade war has hit manufacturing, trade and real estate hard, but other sectors like finance, resources and health care are growing, said Kavcic.
Though exports are down, domestic demand has been climbing, and consumer spending has continued to rise.
Duration, he concedes, is getting close. The Canadian economy has been soft since the start of the trade war in early 2025, posting three negative quarters out of four.
However, there is one key variable in this equation that should not be overlooked and when viewed through its lens paints a very different picture of Canada’s economy, say economists — population.
Since the federal government cracked down on immigration after the post-pandemic boom, population has actually declined in Canada over the past two quarters.
So while the overall GDP reading is slipping, GDP per person is on the rise, a welcome change from a few years back when the per capita measure was nose-diving....
When you know, you know
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And of course, the other person who seized on the "Canada recession" news was....you guessed it...
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Thanks, Pierre...can't tell you how much we all appreciate getting Trump's attention again.
In other news:
Here's the latest on Alberta separatism - first, let's call it Rednexit:
Sounds like Smith has finally picked a side:
Moving on, Mamdani shows everyone how to be a mayor:
AOC shows everyone how to be a politician: Monday was just another Trump day:
Here's what's happening:
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It is Pride Month. Throughout this month, I will be sharing the stories of Canadians who fought for LGBTQ rights. Today it is the story of John Damien, a man fired from his job for being gay.
— Canadian History Ehx (@cdnhistoryehx.bsky.social) June 1, 2026 at 8:02 AM
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Unfortunately, we are in the midst of a plague of moustaches and mullets, and far too many gays are guilty of perpetuating absolute travesty.
— Dale Smith (@journodale.bsky.social) June 1, 2026 at 9:56 PM
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Here's the latest on Alberta separatism - first, let's call it Rednexit:
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Sounds like Smith has finally picked a side:
And Stephen Harper is going to say something - someday - any time now ...calgaryherald.com/opinion/colu...
— Duane Brattπ¨π¦ (@duanebratt.bsky.social) June 1, 2026 at 8:54 PM
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Moving on, Mamdani shows everyone how to be a mayor:
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AOC shows everyone how to be a politician: Monday was just another Trump day:
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5 comments:
In short, Trump is leaving regular Americans the way he leaves his businesses - bankrupt.
tRump continues to promote the 'Canada as 51st state' meme. Not 10 new states. One state with all the lack of status and political clout that, that implies. Just an attempt to belittle us.
But the so called separatist folks in Alberta should take note. Their attempt to join the USA would not end up in statehood as that would create a bad (for them) precedent for their anticipated takeover of the rest of Canada.
Alberta can look forward to being a northern Puerto Rico at best.
Sending Hoekstra home is likely not worth the trouble. Every Canadian and 'our'* media should just ignore him or treat him like the pariah he is.
*Kind shows the need to get rid of all the foreign owned media.
I don't know, NPoV, Hoekstra is Dutch- born, but the Netherlands didn't hesitate to give him the bum's rush when he was ambassador there. Given his and his associates' involvement in "rednexit," letting him stay on makes us look wimpy and brings our commitment to national unity into question.
If Hoekstra was just acting like a complete tool I would be fine with him sticking around, just to help remind Canadians why the elbows should stay up.
But he seems to be actively involved in the attempt to get Alberta to separate, being closely involved with the software the Centurion project was/is using to do shenanigans with the voter rolls (also involved: Erik Prince of Blackwater fame). I think that's a reason to declare him persona non grata, and threaten him with stripping of his diplomatic status and arrest if he doesn't sod off.
I'm hoping that report that's coming out about the enormous costs of separation will totally deflate rednexit - or at least it should.
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