Canada PMI Crashes Into Contraction

Tyler Durden's picture




 

Canada's Ivey Purchasing Managers Index collapsed from an exuberant and simply unbelievable 63.6 in November to a contractionary 49.9 in December - one of the biggest MoM drops on record and biggest misses on record. On a seasonally-unadjusted basis, this is the weakest print in at least 2 years. From the best data since February 2012 to the worst since February 2015 seems to expose these soft-surveys as practically useless. The huge drop in Inventories suggests a major drag on GDP and an extension of Canada's recession.

From First to Worst!!

 

Unadjusted, this is the weakest data in at least 2 years...

Ivey Purchasing Managers Index

Moar recession? But for America, low oil prices are "unequivocally good" still right?

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Thu, 01/07/2016 - 13:02 | 7012041 Mr.Sono
Mr.Sono's picture

is that way they lost world junior game, not even bronze

Thu, 01/07/2016 - 14:05 | 7012465 northern vigor
northern vigor's picture

The Vancouver Canuck draft pick is a hot dog, hot head. It only takes one guy to fuck up a team.

Thu, 01/07/2016 - 12:49 | 7011921 bluskyes
bluskyes's picture

Who's the idiot? The lender, or borrower?

Thu, 01/07/2016 - 10:21 | 7010840 sudzee
sudzee's picture

Eh!! Economy collapsing, Poloz hints at negative rates and the C$  screams higher. 

Thu, 01/07/2016 - 10:24 | 7010843 . . . _ _ _ . . .
. . . _ _ _ . . .'s picture

How many companies had their Christmas parties cancelled this year?

Better indicator, IMO, but just as dire.

Thu, 01/07/2016 - 12:37 | 7011812 Iam_Silverman
Iam_Silverman's picture

"How many companies had their Christmas parties cancelled this year?"

Or reduced in scale, like, uhmmm, Yahoo?

Thu, 01/07/2016 - 10:26 | 7010863 Spungo
Spungo's picture

Thank god they voted in a hardcore leftist government to fix all of this!

Thu, 01/07/2016 - 10:26 | 7010864 Panic Mode
Panic Mode's picture

I am sure that happy clappy young dude leader can sort it out. 

Thu, 01/07/2016 - 10:29 | 7010887 Lady Jessica
Lady Jessica's picture

Monsieur Trudeau, our Drama Teacher in Chief, will save us!

Thu, 01/07/2016 - 10:31 | 7010897 orangegeek
orangegeek's picture

You're in north America.  Speak the fucking language.

Thu, 01/07/2016 - 10:37 | 7010939 buzzsaw99
buzzsaw99's picture

that is the language up there

Thu, 01/07/2016 - 11:00 | 7011076 . . . _ _ _ . . .
. . . _ _ _ . . .'s picture

We speak two languages better than you can speak one.

'va te faire foutre, conard"

So proud of your British heritage.

Thu, 01/07/2016 - 12:07 | 7011564 orangegeek
orangegeek's picture

you speak a french dialect that no other country in world speaks nor understands including France - you uninformed rube

 

puck slapping, maple syrup sucking dumb fuck!!

Thu, 01/07/2016 - 12:47 | 7011899 bluskyes
bluskyes's picture

Creole?

Thu, 01/07/2016 - 13:05 | 7012055 FrankDrakman
FrankDrakman's picture

Fuck Creole. Ebonics?

Thu, 01/07/2016 - 10:31 | 7010894 orangegeek
orangegeek's picture

Socialist Utopia.

Thu, 01/07/2016 - 10:33 | 7010911 Omega_Man
Omega_Man's picture

Canadians are smart, just in time inventory... why buy when no one else is buying? 

They must not be distorting the numbers as Americans are.

Thu, 01/07/2016 - 10:34 | 7010913 Spungo
Spungo's picture

More pandering to feminists will fix this recession

Thu, 01/07/2016 - 10:52 | 7011038 strayaway
strayaway's picture

Feminists will have to dress discreetly, walk in groups, and stay beyong an arms reach of the 25,000 refugees Trudeau is bringing in according to the mayor of Cologne.

Thu, 01/07/2016 - 10:34 | 7010915 Omega_Man
Omega_Man's picture

funny how yanks are saying shit... I remember 2008 in USA what a mess.... coming soon to a USA near you

Thu, 01/07/2016 - 10:35 | 7010925 Jethro
Jethro's picture

O Canada
Our PMI's not grand

Thu, 01/07/2016 - 10:39 | 7010946 Jethro
Jethro's picture

Maybe Obama and Trudeau can have a televised cry-off.

Thu, 01/07/2016 - 10:42 | 7010967 Omega_Man
Omega_Man's picture

Canadians pay tax and get healthcare

Yanks pay their tax for war and the military complex and to Israel lobby

 

Which is the better deal? 

When 2008 rolls around again, no job, no Obamacare...  just like South Sudan. 

 

Why not just have war at home? At least the money will be domestically spent. 

Thu, 01/07/2016 - 10:47 | 7011004 Jethro
Jethro's picture

We're getting there....

Thu, 01/07/2016 - 10:58 | 7011068 CitComin
CitComin's picture

Spoiler alert ! dammit ,you just didn't tell me end!

Thu, 01/07/2016 - 11:28 | 7011246 Omega_Man
Omega_Man's picture

here is the ending.

Israel and her friends and dual citizens shall have to decide if the vassal state USA is worth keeping for future uses, or that it is so debt ridden and bankrupt that it may be better off for it to implode. Wiping out the nations assets and debts in an effort to rebuild it after everything is destroyed, debt defaulted and a new ponzi currency can be established, along with a more strongly held dictatorship at the helm. 

Same goes for France, Germany and the lot. 

Meanwhile Russia and China try to sit by the sidelines without being provoked while it goes down. 

Thu, 01/07/2016 - 10:44 | 7010988 Spungo
Spungo's picture

If you live in Edmonton and believe oil will permanently stay low, would you consider selling your land to me for cheap? :D

Thu, 01/07/2016 - 10:49 | 7011014 Omega_Man
Omega_Man's picture

if I had some in that God forsaken hell hole I would, who needs tar sands when we can take over Saudi and get their oil for nothing.

go Trump

Thu, 01/07/2016 - 10:54 | 7011046 . . . _ _ _ . . .
. . . _ _ _ . . .'s picture

For nothing?

Thu, 01/07/2016 - 10:57 | 7011059 Omega_Man
Omega_Man's picture

well, a little... besides... offshore oil will be more plentiful soon with ice melting.. and be in liquid form.

 

Tar sands, we can come back to that in a 100 or more years. 

Thu, 01/07/2016 - 11:00 | 7011077 ChargingHandle
ChargingHandle's picture

Clearly the wealth management sector in Canada was lying to preserve a bonus imtp the close of the year

Thu, 01/07/2016 - 11:31 | 7011273 surf@jm
surf@jm's picture

Well, I`m sure you Canooks, will have lots of economic improvement, with your new farther left than thou, glammer child PM....

After all, telegenics beats economics everyday of the week, and twice on Sunday......

Thu, 01/07/2016 - 13:57 | 7012413 northern vigor
northern vigor's picture

As a "Canook", I agree with you. I didn't vote for these supervicial oinks, but the media sure did and has many of the idiots brainwashed.

While Mr Awesome is doing selfies, and the Queen of Queen's Park brings in carbon taxes, higher electricity costs and a new pension plan...the managers are quietly shutting shop.

Tis going to be a long time fixing this frig up.

Thu, 01/07/2016 - 12:24 | 7011702 Crazed Smoker
Crazed Smoker's picture

Yes they are socialist degenerates.  And Uncle Sam is a crony capitalist degenerate counterfieter.  Our western relatives accross the ocean are not much better.  Degeneracy runs in the family it seems.

Thu, 01/07/2016 - 12:42 | 7011853 Iam_Silverman
Iam_Silverman's picture

I guess this is the other side of NAFTA no one had thought about.  When you closely tie trading partners economies together, there will be shared consequences.

Pot , Kettle.

Our PMI numbers ain't so hot either.

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