Canada PMI Crashes Into Contraction
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...
Moar recession? But for America, low oil prices are "unequivocally good" still right?
(5 votes)
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is that way they lost world junior game, not even bronze
The Vancouver Canuck draft pick is a hot dog, hot head. It only takes one guy to fuck up a team.
Who's the idiot? The lender, or borrower?
Eh!! Economy collapsing, Poloz hints at negative rates and the C$ screams higher.
How many companies had their Christmas parties cancelled this year?
Better indicator, IMO, but just as dire.
"How many companies had their Christmas parties cancelled this year?"
Or reduced in scale, like, uhmmm, Yahoo?
Thank god they voted in a hardcore leftist government to fix all of this!
I am sure that happy clappy young dude leader can sort it out.
Monsieur Trudeau, our Drama Teacher in Chief, will save us!
You're in north America. Speak the fucking language.
that is the language up there
We speak two languages better than you can speak one.
'va te faire foutre, conard"
So proud of your British heritage.
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!!
Creole?
Fuck Creole. Ebonics?
Socialist Utopia.
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.
More pandering to feminists will fix this recession
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.
funny how yanks are saying shit... I remember 2008 in USA what a mess.... coming soon to a USA near you
O Canada
Our PMI's not grand
Maybe Obama and Trudeau can have a televised cry-off.
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.
We're getting there....
Spoiler alert ! dammit ,you just didn't tell me end!
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.
If you live in Edmonton and believe oil will permanently stay low, would you consider selling your land to me for cheap? :D
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
For nothing?
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.
Clearly the wealth management sector in Canada was lying to preserve a bonus imtp the close of the year
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......
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.
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.
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.
The former Canadian Finance Minister Joe Oliver lied and was full of shit,right to the last day he was in office.He said " we'll have a great second half". Makes you laugh,the same right wing NeoCon boneheads called the Conservative Party under Stephen Harper transferred over 150 billion onto the overall deficit,which you can find on Canada's debt clock.The same F'n liars bailed out the biggest Canadian Banks and dumped Hundreds of Billions of bad U.S. real estate investments on CMHC (Canada Mortgage and Housing Corporation).Now poor people have to pay higher insurance premiums on theie houses because a bunch of red necks who helped bomb Libya into ruins kissed the asses of Toronto's Banksters.Harper and his gang of thieves with a number of Conservative Senators starring in crooked mafia style roles were enough to make any Canadian puke.When I saw Harper visit Neo Nazis in the Ukraine on behalf of the CIA it made me sick.