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Big one today, at least for my sensibilities.

Carney government to spend $6B on EV incentives for Canadian buyers and automakers, scrap mandates for manufacturers​


Auto sector leaders wheeled a victory lap Thursday after Prime Minister Mark Carney released a national auto strategy killing the EV sales mandate for the new car market, while pledging $2.3 billion to restore consumer rebates of up to $5,000 per $50,000 electric car.

Carney rolled out the measures Thursday as part of a strategy to buffer the Canadian automotive industry from the fallout of the U.S.-led tariff war, while driving a pivot to what he believes is an inevitable electrification of the industry.
 
ELBOWS UP!!
1770638221105.png
 
^
This is another set of statistics that doesn’t really tell the whole story…

Canada’s population grew something in the range of 15% over that decade while the US and Denmark grew at rates in the 4-5% range.

It’s also unclear what the impact of undocumented immigrants is on GDP per capita statistics.
 
kcantor said:
^
This is another set of statistics that doesn’t really tell the whole story…

Canada’s population grew something in the range of 15% over that decade while the US and Denmark grew at rates in the 4-5% range.

It’s also unclear what the impact of undocumented immigrants is on GDP per capita statistics.
Click to expand...
Bingo. GDP is also a half-assed metric of economic health, for check-kiting reasons previously discussed.
 
Whattagame said:
Doubling down from the guy who clearly doesn't understand GDP.
Click to expand...
GDP measures the value of goods and services produced domestically, but it does not measure economic well‑being, sustainability, financial stability, or the quality of growth. Now with recursive investment from AI companies into other AI companies especially (the aforementioned check kiting), GDP can appear to grow for reasons that do not reflect broad‑based prosperity.

GDP does not distinguish between productive and self‑referential investment, because the metrics cannot tell the difference between useful investment (new businesses, etc.) and circular investment loops (OpenAI investing into MSFT, who then invest into OpenAI.

Don't get me wrong, the Canadian economy is pretty shit today. But it isn't reflected correctly by just stating GDP.
 
kcantor said:
^
This is another set of statistics that doesn’t really tell the whole story…

Canada’s population grew something in the range of 15% over that decade while the US and Denmark grew at rates in the 4-5% range.

It’s also unclear what the impact of undocumented immigrants is on GDP per capita statistics.
Click to expand...
Yes, although selecting certain periods can lead to cherry picking. For instance, Canada is a major oil producer, oil prices peaked around 2014 and for most of the rest of the decade there was a long slow decline.

Yes, the only other oil producer in this list Norway did better than us, but they had the good sense to maintain tax revenue and set up a huge investment fund which stabilized their revenue. Ironically they copied this from Alberta in the 1970's which later mostly abandoned this approach.
 
policyenthusiast said:
GDP measures the value of goods and services produced domestically, but it does not measure economic well‑being, sustainability, financial stability, or the quality of growth. Now with recursive investment from AI companies into other AI companies especially (the aforementioned check kiting), GDP can appear to grow for reasons that do not reflect broad‑based prosperity.

GDP does not distinguish between productive and self‑referential investment, because the metrics cannot tell the difference between useful investment (new businesses, etc.) and circular investment loops (OpenAI investing into MSFT, who then invest into OpenAI.

Don't get me wrong, the Canadian economy is pretty shit today. But it isn't reflected correctly by just stating GDP.
Click to expand...
My comment wasn't directed at you. It was to the poster who is a member of the Columbia House GDP Graph Club.
 
The totalitarian attempt to create a cult of personality in the US does not seem to be going very well.

Despite all the money spent, it doesn't seem they have been able to turn Melania into Eva Peron yet.

MSN

www.msn.com
 
David A said:
The totalitarian attempt to create a cult of personality in the US does not seem to be going very well.

Despite all the money spent, it doesn't seem they have been able to turn Melania into Eva Peron yet.

MSN

www.msn.com
Click to expand...
When I consider how Melania compares to spouses of former world leaders, there's another Eva who comes to mind...
 
More nonsense from civic embarrassment and NDP's finest. How many times has she posted that Hamas, a designated terrorist group, should disarm? Answer - not once. She is a geo-poltical and historical halfwit yet the academic "educated" and "progressive" know it alls in her university riding keep voting for her. How crazy is that?


Heather McPherson

@HMcPhersonNDP
·
17h
Today, February 17, is the Arms Embargo Now Day of Action. Canadians are calling on the Carney government to impose an arms embargo on Israel as the genocide in Gaza and annexation of the West Bank continue.
 
The blatant antisemitism from many on the left is one of the reasons I dropped my membership with the NDP. Now I’m politically homeless.
 
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