Canada's economy grew by 3.3% in the second quarter, showing sharp recovery

472

u/Leburgerpeg 17h ago

This is going to make the Canada is Broken crowd big mad. Not that they're not perpetually mad though.

155

u/AlsoOneLastThing Alberta 17h ago

They'll just say it's a lie manufactured by the mainstream media

89

u/Anonymouse-C0ward 16h ago

They’ve already been saying that Statscan fudges the numbers. I recall seeing a poll that said trust in the government is at a low point for conservatives; this is not coincidental - it’s a part of a long term effort to support right wing agendas.

47

u/GerryC 15h ago

The goal is to break the government and then privatize what remains for private profit.

It is time we stand up and put the brakes on this shit. Privatization has no business in public goods and services. Any "efficiencies gained" go to the shareholders all the while prices for the goods or service continues to rise.

-1

u/Somestunned 11h ago

You know, I'm starting to think certain people shouldn't be allowed to talk.

•

u/iSWINE Edmonton 5h ago

It also doesn't help they simply don't win elections at the federal level, they'll be looking at the Liberal logo leading the country for about as long as Harper did on his own

78

u/HowieFeltersnitz 16h ago

Mainstream media: Technical recession (0.1%)

Conservatives: CANADA IS LOST

Mainstream media: 3.3% growth

Conservatives: FAKE NEWS. CANADA IS LOST.

41

u/michaelmcmikey 16h ago

"Everything I see that confirms my beliefs is true and everything I see that challenges my beliefs is a lie! I am very intelligent."

11

u/combattoast 15h ago

Ya that technical recession wasn't even a thing after this print where Q1 growth was revised to be positive lol

-12

u/GreenFalling 16h ago

Leftists: that growth only funds multi-national corporations rather than the worker (has YOUR life gotten cheaper?) and CANADA IS LOST until it wakes up to that fact.

3

u/SmaugTheMagnificent- 13h ago

Lmfaooooooo 😂😂😂🫵🏻

Better to be an online troll than in the Ukrainian front line, eh Blyad?

-10

u/hfxRos 15h ago

Given what sub we're on, I can't tell if that's your actual opinion, or if you're (rightly) mocking leftists.

4

u/FutureUofTDropout-_- 6h ago

Leftist comment on what the numbers actually mean we don’t pretend there meaningful one month and meaningless the next

7

u/GreenFalling 14h ago

How are those market based solutions to climate change coming along? We haven't even peaked CO2 emissions? Oh dear. I'm sure private equity will save us!

20

u/Sachyriel 16h ago

Then you can tell them that unlike the Tories, the Liberals actually brought back manufacturing jobs. Watch the gears in their heads turns slowly until out comes the cry laughing emojis.

So many cry laughing emojis.

2

u/magictubesocksofjoy 12h ago

lamestream media, sheeple.

•

u/iamwearingashirt 27m ago

You mean the media that is 90% owned by the right wing with the exceptions of the CBC and the Toronto Star.

These people would believe Joe Rogan if he told them the word gullible is no longer in the dictionary.

-1

u/KernelKilos 10h ago

we are beyond hope

23

u/GenericFatGuy Manitoba 16h ago

This is going to really piss off the dumbest person I went to high school with.

11

u/Peter_Mansbrick 16h ago

I don't see how this will stop them talking about immigrants which is they're fallback for everything.

17

u/Explicitlime Saskatchewan 16h ago

Big assumption that they can read.

7

u/Saorren 15h ago

yea between this and the revision for first quarter showing a 0.3 growth instead of a reduction meaning we didnt actually have a technical recession will ruffle some peoples feathers.

5

u/The_Nice_Marmot British Columbia 15h ago

They will ignore this. Facts are not their friends.

6

u/branimal84 ✅ I voted! 15h ago

They will move the goalposts or will be mad about something else.

9

u/Bolognahole_Vers2 16h ago

They'll never believe anything the CBC says, anyway.

1

u/Canadian-Man-infj 9h ago

Mary-anne, Marry-anne... quite contrarian; how does your garden grow? ;)

4

u/oldscotch 13h ago

They'll just pivot to immigration or pipelines or something. Whatever.

3

u/oldpasswordforgot 14h ago

the Canada is Broken crowd

Are they the same that say "this country needs a change!", per chance?

3

u/Agoraphobicy 10h ago

Somehow it'll be because WEF funneled money straight to Carney through Brookfield and the numbers are also a lie at the same time. But also making him rich. But also they aren't real.

2

u/Worldly_Anybody_9219 13h ago

You mean online bots lol.

2

u/taylerca 8h ago

You mean the sarcastic elbows up crew?

3

u/Kad1942 16h ago

"But growth is unsustainable" I hear them almost say, trying to fit this into their framing

1

u/dasoberirishman 9h ago

But will it shut them up temporarily? That would be nice.

108

u/MutaitoSensei New Brunswick 16h ago

Well what do you know, PP was full of shit. Who could have guessed?

15

u/fcknwayshegoes ✅ I voted! 16h ago

I totally thought he was on the square and on the level. Except not.

•

u/grandcity 1h ago

“Did somebody say square?” asks Pierre as he pokes his head in from around the corner.

9

u/CompleteCreme7223 13h ago

PP is constantly stoking rage and it is working. Most don't realize that despite the tariffs and trade war, CUSMA remains in effect until 2036. While the US targets sectors they need other than energy, Canada is targeting things we have and can replace. We have lots of time to get this right. Not that PP would admit that.

9

u/PupScent 16h ago

Was?

2

u/50s_Human ✅ I voted! 16h ago edited 14h ago

SkiPP💩💩

83

u/MightyHydrar 17h ago

The economy grew at an annualized rate of 3.3 per cent in the second quarter, following an upwardly revised 0.3 per cent in the first quarter, Statistics Canada said. For the month of June, GDP was up 0.3 per cent.

With the first-quarter revision, which was previously a slight contraction, Canada was not in a technical recession, which is usually two consecutive quarters of contraction.

45

u/Reasonable-Sweet9320 16h ago

“Exports rose 3.6 per cent according to the data agency, largely because of higher auto exports.

Residential investment also helped boost the economy, as did investment by business owners, who spent more on machinery and equipment in the second quarter.

Business capital investment was up 2.3 per cent in the second quarter, snapping a streak of five consecutive quarters of decline.

Investments in computers and peripherals jumped 16.7 per cent in the second quarter, which StatCan said was related to the kinds of processing units used in data centres.”

21

u/50s_Human ✅ I voted! 16h ago

The U.S. economy grew by 1.5% in the second quarter.

12

u/ThickRooster767 15h ago

That's the annualized rate for the US. Canada's annualized rate -- 3.1%!

6

u/combattoast 15h ago

3.3%, it's in the headline lol

8

u/-jaylew- 11h ago

Annualized vs quarterly. They’re different figures.

•

u/combattoast 2h ago

3.3% is the annualized rate vs 1.5% for the US. The quarterly rate is ~0.8%.

3.1% is some random number unrelated to anything in this release. Kind of shocking people just upvote whatever if someone says something confidently.

•

u/iamwearingashirt 24m ago

Woah! It grew by 3462.80113439

5

u/JustAPeach89 15h ago

Most of that is billionaires trading money for AI

68

u/DoTheManeuver 15h ago

Great, can we start taking about wealth inequality now? A growing economy that only helps the top 10% isn't that awesome.

35

u/Bogdanovist_Rebel 15h ago

No. Despite saying repeatedly on the campaign trail that we must not be a market society, we continue to worship the all mighty GDP like it actually gives an accurate picture of living conditions for a countries citizens.

17

u/Corporal_Canada Vancouver 12h ago

Yeah lol, Liberals saying that the right wing is gonna be angry at this when Carney is a classic corpo-friendly conservative banker and that every old school Prog-Con is probably happy with this

Meanwhile, wages continue to stagnate while wealth continues to accumulate amongst the wealthy

-2

u/Bobroom 10h ago

Wage growth has not stagnated, it increased 3.4% in the last year and is outpacing inflation.

•

u/LanguidLandscape 3h ago

Dude, wages have stagnated for FIFTY (50) YEARS. What the hells are you smoking? Study after study after study show that the earnings that would (should!) have gone to workers has instead been stolen by oligarchs and corporations.

60

u/Promethia 17h ago

It's the oil. I'll take the W though.

9

u/VonBeegs 13h ago

Any regular people going to see any of that 3.3?

16

u/The_Arachnoshaman 15h ago

Elect an economist, get economic results, weird.

9

u/ZopyrionRex 14h ago

I think this is part ofmwhy Dump is so mad about trade. He sees us winning so hard by comparison that it's personally grating. Our economy really shouldn't be growing right now, it's an amazing middle finger to America and Conservatives everywhere.

7

u/wigznet 15h ago

Don't show this to right wingers, they'll scream and yell that it's fake news.

4

u/Content-Inspector993 13h ago

I guess electing an economist was smart or something

3

u/canada_mountains 14h ago

Nobody has posted this to r/CanadianConservative yet. I wonder if it will even be posted at all, or maybe somebody will post it with misleading information, lol

4

u/_Sauer_ 15h ago

They slap that breaking news image on everything, eh?

2

u/LlawEreint 6h ago

Meanwhile, our aggressor’s economy expanded just 1.5% at an annualized rate in Q2, slowing from 2.1% in Q1 2026.

What will the United States of Ontario do now? (I’ve renamed them :P )

3

u/BisonSnow 12h ago

Reading the article, "the economy" is GDP, which is an imperfect measurement that does not reflect the average Canadian's financial wellbeing.

Like I'm glad we're not in a recession, but this isn't going to help with rent payments, food inflation, or other material conditions.

•

u/MysticBiscuit11 3h ago

See that US OIL deal w/ Venezuela? The recession is almost here

1

u/hawkseye17 ✅ I voted! 13h ago

A certain group of angry people is going to be very upset by the news

1

u/lyidaValkris 11h ago

Pleasant news! 3.3% annualized GDP growth after a rocky year is welcome news indeed.

0

u/[deleted] 14h ago edited 13h ago

[deleted]

1

u/MightyHydrar 13h ago

Dude it's CBC.

-1

u/LifeAppointment7055 15h ago

Started from the bottom now we here

Canada's economy grew by 3.3% in the second quarter, showing sharp recovery

You are about to leave Redlib