Yup, reading that was depressing. They had a budget of 873m in 2023-2024, 90% of that is personnel, so many people are going to lose their jobs :/

But hey! At least the cuts won't be as bad as the Harper ones! 🫠

Looks like my prediction that the fall in GDP per capita would be greatly attenuated by revisions was correct! And keep in mind only data up to 2022 is finalized!

Implicitly blaming international students for rising youth/overall unemployment. No wonder no one wants to come! And the private sector backs them up with it too. Like this is the kinda garbage pumped out. bsky.app/profile/prio...

HAHAHA I know right?

Wow this is crazy cool!

Lol I'm gonna post this over on Twitter wonder what the insane people over there will say 😆

Crazy how Denmark's youth unemployment rate starting going up at the exact same time as in Canada, must've been all the temporary foreign workers.

Hahaha yeah I saw him post that over on Twitter. He's run out of series to use now 🤣

Data from
www150.statcan.gc.ca/n1/pub/11f0019

In addition, if StatCan were to adopt a more comprehensive definition of intangible capital (will not happen tbc) GDP would see a lift of 6.6%, 2019 would see a lift of 7.1%. If we trend the trend forward to 2024 we'd get 7.4%.

I can do it if you want! :)

I just did it for my own personal enjoyment I guess. I replicated Diewert and Yu's paper here www.csls.ca/ipm/24/IPM-2... and made it quarterly instead of annual so it's very timely.

And there is labour composition. You can interpret this as improvement in the "quality" of the labour force. Line go up means higher quality workers.

And there's "Capital deepening" You can see absolutely massive growth here from 2000 to 2017 coming from the oil sands boom, not much growth since then.

And no, Mark Carney will not make another oil sands boom pipeline or not.

There's all factors.