Canada recession looming?
Jul 2nd 2012, 3:53 am
#76
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Joined: Sep 2010
Location: Calgary, Alberta
Posts: 404
Re: Canada recession looming?
Originally Posted by Kiwilass
No, but I can understand why you'd think that living in Alberta.
I can't speak for other parts of Canada but Toronto and Vancouver at least have reasonably big film/tv industries which add to teh economy. Also gaming. Also, ship building contracts from the Feds (thanks Feds)! Also mining. Also ongoing infrastructure improvements - BC Hydro is updating all its substations right now, for example. Also natural gas (maybe google Kitimat). Also international students/tourism. Also a massive port in Vancouver, which is the biggest in Canada and one of the largest in North America:
from the wiki:
"The economy of Vancouver is one of the most energetic in Canada due to Vancouver's situation as the nation's gateway to the Pacific Rim, a major port, and the main western terminus of transcontinental highway and rail routes. Major economic sectors include trade, film, natural resources, technology and tourism."
Anyway, I'm pretty sure I left stuff out, but the economy here is more diversified that some realise.
Again, can't speak to other parts of Canada though.
Oh I forgot electricity. We do generate electricity to sell across the border.
I can't speak for other parts of Canada but Toronto and Vancouver at least have reasonably big film/tv industries which add to teh economy. Also gaming. Also, ship building contracts from the Feds (thanks Feds)! Also mining. Also ongoing infrastructure improvements - BC Hydro is updating all its substations right now, for example. Also natural gas (maybe google Kitimat). Also international students/tourism. Also a massive port in Vancouver, which is the biggest in Canada and one of the largest in North America:
from the wiki:
"The economy of Vancouver is one of the most energetic in Canada due to Vancouver's situation as the nation's gateway to the Pacific Rim, a major port, and the main western terminus of transcontinental highway and rail routes. Major economic sectors include trade, film, natural resources, technology and tourism."
Anyway, I'm pretty sure I left stuff out, but the economy here is more diversified that some realise.
Again, can't speak to other parts of Canada though.
Oh I forgot electricity. We do generate electricity to sell across the border.
Jul 2nd 2012, 4:13 am
#77
Joined: Aug 2005
Posts: 14,227
Re: Canada recession looming?
Originally Posted by YoshiPal2010
"Brokeback Mountain", "Unforgiven", "Passchendal", "X-Men". All made, at least in part, in ALBERTA!. There are also a lot more. The Port of Vancouver? Gateway for all the Chinese-made crap! An export related port, such as that proposed for the end of the Endbridge pipeline from Alberta, you do not appear to want. Enjoy all that tree-hugging and yoghurt weaving.
And there's no need to be quite so insulting. You've done it several times in this thread already, but why are you taking it so personally when somebody ...gasp... disagrees with you?
Jul 2nd 2012, 11:02 am
#78
Lost in BE Cyberspace
Joined: Nov 2011
Location: Somewhere between Vancouver & St Johns
Posts: 19,779
Re: Canada recession looming?
Originally Posted by Steve_
Welcome to a federal system of government. If you moved from GB to NI you would actually need to swap your licence. If you moved to the Isle of Man, Jersey or Guernsey they all have different rates of income tax and VAT. Scotland also recently got various tax powers, so their taxes will vary from the rest of the UK.
The same VAT rate applies in Cumbria as it does in Cheshire.
No wonder the immigrants get confused when they arrive here
I must admit though Im in favour of the VAT system as opposed to the well this is subject to GST but not PST or subject to both.
Item says $19.99 Ive got a $20 bill in my pocket good enough I can buy it and still get change.
Jul 2nd 2012, 11:53 am
#79
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Joined: Oct 2008
Location: Near the Northern Lights
Posts: 1,464
Re: Canada recession looming?
Originally Posted by jimf
Other than resources based industries what is Canada any good at?
Jul 2nd 2012, 11:56 am
#80
I said what ?!
Joined: Aug 2010
Location: Peterborough, Ontario.
Posts: 1,077
Re: Canada recession looming?
Originally Posted by Former Lancastrian
I must admit though Im in favour of the VAT system as opposed to the well this is subject to GST but not PST or subject to both. Item says $19.99 Ive got a $20 bill in my pocket good enough I can buy it and still get change.
+1
Jul 2nd 2012, 12:35 pm
#81
Banned
Joined: Aug 2005
Location: Canada
Posts: 314
Re: Canada recession looming?
Originally Posted by Edo
Other than the financial service based industry what is Britain good at? At least Canada have resources that makes it self-sufficient.
Well there's............or there's.........ermm.......I think there's........I'll have to Google this......
Jul 2nd 2012, 1:26 pm
#82
Forum Regular
Joined: Dec 2008
Posts: 224
Re: Canada recession looming?
In Alberta with oil around $80 a barrel it's all go 113,000 jobs vacant in just the oil fields and lots of expansions got the go ahead mostly with Chineese money so if oil stays same price the money Alberta pays into the kitty will keep Canada out of ressesion
Jul 2nd 2012, 2:07 pm
#83
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Joined: Jun 2005
Location: Fredericton, New Brunswick CA
Posts: 8,307
Re: Canada recession looming?
Originally Posted by Edo
Other than the financial service based industry what is Britain good at? At least Canada have resources that makes it self-sufficient.
Jul 2nd 2012, 2:32 pm
#84
Joined: Aug 2005
Posts: 14,227
Re: Canada recession looming?
Originally Posted by didikai
What is Britain good at?
Well there's............or there's.........ermm.......I think there's........I'll have to Google this......
Well there's............or there's.........ermm.......I think there's........I'll have to Google this......
Jul 2nd 2012, 3:30 pm
#85
Account Closed
Joined: Jan 2007
Posts: 2,404
Re: Canada recession looming?
Originally Posted by pacepeter
In Alberta with oil around $80 a barrel it's all go 113,000 jobs vacant in just the oil fields and lots of expansions got the go ahead mostly with Chineese money so if oil stays same price the money Alberta pays into the kitty will keep Canada out of ressesion
Jul 2nd 2012, 3:41 pm
#86
"In cruce vincam"
Joined: May 2010
Location: Mill Bay, Vancouver Island
Posts: 3,232
Re: Canada recession looming?
Originally Posted by YoshiPal2010
Aren't resources ALL THAT CANADA HAS? What do they make in BC that the whole world wants? If Alberta is in trouble, then the rest of Canada will be really in the shite!
Jul 2nd 2012, 3:44 pm
#87
Binned by Muderators
Joined: Jul 2007
Location: White Rock BC
Posts: 11,631
Re: Canada recession looming?
Originally Posted by Tangram
Doesn't Canada import most of its wood ? This in a country which seems to have an abundance of the stuff.
Jul 2nd 2012, 4:39 pm
#88
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Joined: Apr 2008
Location: Calgary
Posts: 3,340
Re: Canada recession looming?
Originally Posted by Edo
Other than the financial service based industry what is Britain good at? At least Canada have resources that makes it self-sufficient.
http://en.wikipedia.org/wiki/List_of...ccount_balance
Your criticism of the UK doesn't change the reality regarding Canada.
Clearly the UK has issues with the dependence on the financial services sector, however there are other sectors where UK has very successful companies. BAE Systems and Rolls Royce are a couple that spring to mind. Pharmarcuticals is another sector.
Jul 2nd 2012, 4:48 pm
#89
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Location: Calgary
Posts: 3,340
Re: Canada recession looming?
Originally Posted by rivingtonpike
We make ice cream. I don't think that's a "resource"; perhaps it is to some (judging from their size!!
Jul 2nd 2012, 4:54 pm
#90
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Joined: Apr 2008
Location: Calgary
Posts: 3,340
Re: Canada recession looming?
Originally Posted by jericho
Wow, that's certainly a blinkered view. Would be interested to hear how a boom in Alberta will keep people in jobs in practically every other Province though...
