Canada's economy is suddenly the envy of the world

Canada's economy is suddenly the envy of the world
By ROB GILLIES (AP) – Jun 20, 2010

TORONTO — Canada thinks it can teach the world a thing or two about dodging financial meltdowns.

The 20 world leaders at an economic summit in Toronto next weekend will find themselves in a country that has avoided a banking crisis where others have floundered, and whose economy grew at a 6.1 percent annual rate in the first three months of this year. The housing market is hot and three-quarters of the 400,000 jobs lost during the recession have been recovered.

google.com/hostednews/ap/article/ALeqM5hM5MvpNJ2D2tMn8sVqk_qKObY8DwD9GF5JBO0

Bravo for Canada! We could learn much from our cousins in the True North.
They have socialized medicine, don't they?;)

Happy Canada Day!:):):)

I suggest Canada stage a nonhostile takeover of the United States. :))

I wouldn't mind being Canadian.

God bless,
Ed

:)

[quote="Kuan_Yin, post:2, topic:203996"]
Bravo for Canada! We could learn much from our cousins in the True North.
They have socialized medicine, don't they?;)

Happy Canada Day!:):):)

[/quote]

Yes and the Canadian healthcare system is in deep financial trouble.

onenewsnow.com/Politics/Default.aspx?id=1036798

[quote="dmelosi, post:4, topic:203996"]
Yes and the Canadian healthcare system is in deep financial trouble.

onenewsnow.com/Politics/Default.aspx?id=1036798

[/quote]

GO Canada!!!

The new tax will assist the troubled system.
I do not mind paying.

More importantly, they kicked out the Liberal and voted in a Conservative :thumbsup:

So yes, we CAN learn a lot from them :wink:

I was just in Canada the other day (Toronto) and tooktime to visit some friends. They said they need to do some updated and tweaking to fix some of the issues they have.

But I can not seem to find any news of Parliment scrapping the current system.

Also because they are a “socialist” country (sarcasm) I can not understand how the U.S. has such a huge trade deficit with Canada. Being that they are socialist, and much regulation their businesses would not be able to operate and be competitive. But they do.

[quote="Brendan, post:6, topic:203996"]
More importantly, they kicked out the Liberal and voted in a Conservative :thumbsup:

So yes, we CAN learn a lot from them ;)

[/quote]

Their version of a Conversative in Canada would be considered a Liberal, if not a moderate at best, here in U.S.

[quote="josephdavid, post:8, topic:203996"]
Their version of a Conversative in Canada would be considered a Liberal, if not a moderate at best, here in U.S.

[/quote]

In any case, the name of the party pre-dates the current American usage of the term.

The Conservatives have not been able to get past a minority, despite a fractured and floundering left - by consolidating the right they brought in elements that Canadians are not comfortable with in a governing party, I think.

The Liberals are often called "Canada's natural governing party" and so far I would not be willing to say that has changed.

When I worked (a US company)
We bought a good deal of material in Canada.
Their biggest advantage was the exchange rate.
We paid in US dollars. The result was low prices for us.
A source close by., excellent quality. For them it was employment.
Not sure were the dollar is right now?

[quote="josephdavid, post:8, topic:203996"]
Their version of a Conversative in Canada would be considered a Liberal, if not a moderate at best, here in U.S.

[/quote]

God bless Liberals :thumbsup:

[quote="gus, post:10, topic:203996"]
When I worked (a US company)
We bought a good deal of material in Canada.
Their biggest advantage was the exchange rate.
We paid in US dollars. The result was low prices for us.
A source close by., excellent quality. For them it was employment.
Not sure were the dollar is right now?

[/quote]

As of today it is CAN$1.05.. The past couple of years the U.S. Dollar has been running pretty even with the Canadian Dollar.

Wow, nice logic here. So Canada gets one thing right so that must mean we should look to them as an example for everything else, and by extension socialist healthcare must be pretty great too? I also like the strawman that anyone who criticizes Canada’s healthcare system must think Canada is a completely “socialist country”.

[quote="exoflare, post:13, topic:203996"]
Wow, nice logic here. So Canada gets one thing right so that must mean we should look to them as an example for everything else, and by extension socialist healthcare must be pretty great too? I also like the strawman that anyone who criticizes Canada's healthcare system must think Canada is a completely "socialist country".

[/quote]

Well, I'm not sure anyone has said that. It is common though to see people who do think that Canada, or any other country with universal health care, must be socialist. They tend to argue that since it is socialist, it must be bad. And also it is common to see the "universal health care will result in a ruined economy" argument, without much explanation.

I'm glad you see that it isn't that simple, but unfortunately many just end up repeating partisan platitudes that don't necessarily make any real argument, and often distort facts. It can be a bit frustrating when one is actually trying to discuss issues.

[quote="Bluegoat, post:14, topic:203996"]
I'm glad you see that it isn't that simple, but unfortunately many just end up repeating partisan platitudes that don't necessarily make any real argument, and often distort facts. It can be a bit frustrating when one is actually trying to discuss issues.

[/quote]

It's actually quite funny why we're in such good shape right now. We pretty much owe it all to Paul Martin, who was the Liberal finance minister in the 90s. Terrible Catholic, but excellent finance minister. They managed to cut the deficit and create a surplus (very few G8 countries have had too many surpluses in the past 20 years. I don't remember but I don't think any other G8 country has as many surpluses as Canada in the past 20 years).

Please how about a non-partisan source.The Health Care System is NOT government funded,it is fuinded by the taxpayer,The Government administers the programme.The population is aging.Elective surgery is not denied but triaged.my neighbour had to wait six months for a new hip but she and EVERYONE in Canada will get a new hip if and when they need one.40% of the American population has no health care whatsoever,in Canada everyone is covered>the US spends more of it’s GNP on Health Care than we do but where does all the money go-HMOs,third party insurance companies,etc.For a country as deeply in the red as the US is I have 3 words for you-pot,kettle,black.

We are from the same stock have similar standards of living.You live generally in a much more benign climate yet we live 2.5 years on average longer than you do.The only real difference Universal(not "socialized"a term invented by American insurance companies)Health Care.

Game,Set,Match.

[quote="gus, post:10, topic:203996"]
When I worked (a US company)
We bought a good deal of material in Canada.
Their biggest advantage was the exchange rate.
We paid in US dollars. The result was low prices for us.
A source close by., excellent quality. For them it was employment.
Not sure were the dollar is right now?

[/quote]

The dollar is at or near par.It was worth $1.15 us not long ago but is being kept artificially lower by the Government to mollify Canadian producers and manufacturers who would prefer a 50-60cent dollars so they can make bucks without having to become more competitive .well they have had to increase productivity to remain competetive,and there has not been a huge growth in unemployment.

Usually when the US catches cold we develop pneumonia but this time our economy is diversified-we do a lot of trading with the Pacific Rim nations and as Canada is completely self-sufficient in EVERYTHING from energy to food production to manufactuting and really is a resource based economy ,and we have negligible debt compared to other nations we are in a very good position.

Our conservatives as someone has said previously are very moderate and their concern has been mainly fiscal with a modicum of social conservatism.

Someone else said not to count the liberals out.Wishful thinking.They won't see power for 20-30 years after trying to form an alliance with the NDP(communists by any other name)and the Bloc quebecois who are dedicated to the destruction of Canada so that they can realise their Utopian dream of an independent Quebec while retaining our currency and passports.

If they seperate it will be on OUR terms which will be punitive and draconian as they won't be negotiating with MPs from Quebec but the Rest of Canada,who are fed up to the teeth with them.The liberals are done like dinner because everyone knows that what they do is tax and spend and they made a FATAL error in trying to SEIZE power immediately after a federal election with quasi communists and traitors.

Canadians don't vote for political parties they vote AGAINST them.Mr Ignatieff who taught at Harvard for 20 or so years was foolishly recruited by the liberals to run as leader of that party.He can negotiate a cocktail party but not the Canadian Electorate.

We just may get a conservative majority govrnment next election because the conservatives have chucked unpopular laws like the long gun registry, cut off money to every screeching feminist group under the sun and have proven to be very effective money managers.

Big City Canadians,Toronto ,Montreal,and Vancouver tend to be much more liberal than we in Canada's heartland and we way outnumber them so they won,t be deciding the out come of any more elections.They have drifted left(just look at their ludicrous NDP dominated city councils)while we hinterland Canadians have moved decidedly to the right_it's like the New york,California syndrome.

Canadians don't like surprises and it's no accident that our national animal is a very industrious rodent.:)

[quote="Kuan_Yin, post:11, topic:203996"]
God bless Liberals :thumbsup:

[/quote]

You wouldn't bless OUR rats believe me-they created the biggest defecit right from the time of Pierre Elliot Trudeau and every so often we elect conservatives to clean up their mess except for a liberal Paul Martin who was a fiscal conservative in sheeps clothing as Finance Minister and a disaster as Prime Minister.

The Liberals eat their own; something the conservatives used to do but with greater party discipline introduced by the best Prime Minister since Laurier or Pearson(both liberals)Stephen Harper,the consevatives look like the only Party capable of leading Canada,The rest are fools and incompetents.We will have a Tory(conservative )majority government next election without a doubt and then you'll see dramatic positive changes in this country,probably with an extension of Canadian Fighting Troops helping the people of Afghanistan and a much greater sovereignty in the Arctic,with an increased military presence and maybe a revisitation of the lawless abortion situation in Canada.

Most of our Prime Ministers have been CINO Catholics and Mr Harper is a conservative practising protestant.I'll take one of those ANYDAY over a cultural "Catholic".

[quote="exoflare, post:13, topic:203996"]
Wow, nice logic here. So Canada gets one thing right so that must mean we should look to them as an example for everything else, and by extension socialist healthcare must be pretty great too? I also like the strawman that anyone who criticizes Canada's healthcare system must think Canada is a completely "socialist country".

[/quote]

One thing????????????????Look friend nobody is trying to be triumphaslistic here,you still are the most powerful nation in the world and a major economic engine.Whenever canada is mentioned in a positive light people trot out that hoary old Truism that Canada is a socialist(code for commie)nation.nothing could be further from the Truth.I would not lie to you and say I am perfectly happy with our Health Care system but its better than yours and that is not nyah,nyah,triumphalism it is a fact,Don't listen to the shills and propagandists from your 3rd party health dollar syphoners who are in it for profit only.Did you see the episode of the Soprrano's where the insrance company rep says she did a wallet"biopsy"on Tony-that's what these 3rd party bloodsuckers are all about.

I repeat you spend more of your GNP on health Care than we do.60% are covered with 40% left to be treated as charity cases,or go bankrupt and lose EVERYTHING,or simply die.AND we live 2.5 years longer than you do-simple math.It works

.It works in this country whether it will work in the US who knows and doctors are NOT government employees and we may see whomever we want.Above all it is not FREE.We pay30-40 dollars for a 2-4 of beer and hard booze is similarly expensive .Cigarettes will cost you 10-12$ per pack and we have something called the GST(goods and services tax)which morphed into the HST which is the unification of federal AND provincial sales taxes.Kind of like Britains VAT(Value added tax which i guarantee you will be paying within 5-10 years on top of your state taxes.

Nothing is free in this country =all Canadians pay for it and it is the anti-thesis of socialized medecine.It is well managed medecine.It is the worst system in the world except for all the others.:)

[quote="josephdavid, post:8, topic:203996"]
Their version of a Conversative in Canada would be considered a Liberal, if not a moderate at best, here in U.S.

[/quote]

the last time i checked, it was Hilary Clinton who was pushing Stephen Harper to fund abortions around the world

glad Harper said no :thumbsup:

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