Canada’s goods-producing industries experienced a net loss of 32,300 jobs – February 8, 2019,
Interesting data coming out in what is now Canada’s Liberal government subsidized mainstream media. Now as everyone knows, there are good people at the CBC, unfortunately, the Leftist majority for obvious reasons outnumber the political moderates and the political Right people employed by the CBC Crown Corporation. Now, in regards to Canada’s private MSM at this point, it’s pretty obvious to see their Leftist bias. I have seen Global News, the National Post, and The Financial Post do some moderate writings, but even they try not to rock the boat too much as I’m sure majority of them don’t want to get labeled as the Fox News of Canada.
So, when you read the jobs data a few important things to remember, firstly Crown Corporations although they should be aren’t consider Public Service jobs, Crown Corporations have similar protections as Public Servants but when data like the information you can read below is released, large companies reliant on Government bailouts, government contracts, Government protections and economic government legislation to ward off potential foreign or domestic competitors these monopolies are counted as private sector jobs.
Although you’ll often see pictures of Restaurant workers or people working in offices as newly hired public servants, the truth is many of the newly hired workers for the government. So on CBC as an example the way they present some of their data is this:
Big gains in service industry
The services sector saw a gain of 99,200 positions, led by new work in wholesale and retail trade, while the goods-producing industries experienced a net loss of 32,300 jobs, the report said.
It’s important that as an individual you leave your house sometimes and walk through a mall, walk downtown, get in touch with real people at which time you can get a feel for what’s really going on. As many Canadians know retail isn’t exactly growing, so you’d want to question if these retail positions are part time or full time? Secondly, it’s important to remember the following:
Employment rose by 29,000 jobs in professional, scientific and technical services. Jobs in public administration increased by 21,000, led by gains in Ontario and Quebec.
You can read the CBC article by clicking the link below, CBC is usually transparent with jobs data, it’s just that you have to understand the jargon used.
It’s recently come to my attention that a lot of Canadians don’t understand how a lot of companies in centrally planned economies do their hiring. So, when companies figure out what part of the economy the government is going to give the freest stuff too, those private companies will usually prepare or hire people based on that cash influx. So if for example, the government said they were going to have a green initiative and if you sold solar panels the Government would not only compensate you for your losses but also give you additional subsidies to help your solar panel business through the rough patches a lot of companies would hire people based on their profit-driven initiatives. Because Justin Trudeau has been handing out taxpayer money like it’s candy, it’s important to understand that the recipients of that cash flow will do whatever is in their power to make their Federal Government employer happy.
So, although I’m sympathetic with Canada’s optimistic coverage of the Canadian economy, I still must advise my readers to actually read the data, don’t let the headline fool you, because as everyone knows a service sector economy is an economy heavily reliant on imports and an economy heavily reliant on imports eventually has a currency crisis. One of the great inventions of the last 50+ years was the creation of Fiat money because if Canada’s money was actually backed by a commodity like Gold or even Oil because of mismanagement this current economy in Canada would be bankrupt.
When you read about history what made the world rich was the industrial age, I mean let’s be serious, I’m writing this to you the reader from a computer, via the world wide web, until the free market came along only a select few had access to the internet. The reason the free market had to help the government bring the internet to the world is that the Government which is a Service Sector is incapable of being efficient, even Communist China needs free market zones to get things built. Sure the government can fund large scale projects like building spaceships to the moon, but getting the nuts and bolts the smaller things, this stuff has to be done by the goods-producing industries.
Canada’s goods-producing industries are shrinking. Now, if you’re not used to hearing the words goods-producing industries well because Donald Trump has been talking over and over again about bringing manufacturing jobs back to America, it’s important that MSM avoids using words that will make Canadians view Donald Trump in a whole new light. So goods-producing industries is not a word commonly used by Donald Trump so goods-producing industries and whatever other words MSM can make up will be used to talk about Canada’s declining manufacturing sector.
I’d like to remind Canadians again that the brain drain in Canada is real, we’re losing our tradespeople, we’re losing a lot of our best and brightest and once these people are gone they’re not easily replaced. Plus once they’re gone the ones that are here will demand a pay increase and sure the Government can ignore their requests or do what Bill Morneau did and call these people tax cheats, but the world has changed, even the United States’s new immigration policy is going to make them very competitive with Canada.
One of the reasons I’ve often said that Canada should fight to have a strong Loonie is because I feared one day a Donald Trump would appear in American politics, the worst part about Donald Trump for Canada is that he likes to talk and he often repeats his messages over and over and over again, these messages are being heard by more and more Conservative Americans every day, which will equate to another Donald Trump type economic thinker emerging. Sure, who knows, maybe a Bernie Sanders Socialist might take over America for even 8 years but in order for socialism to work you have to limit people’s freedom of speech, until you meet red-blooded American’s you won’t get how passionate they are about their freedom of speech.
I say this because if Canada wants to dissolve itself into a service sector economy be prepared for the consequences, which first of all will be the inflating of the Loonie, money, hard money is based on labor, once your people aren’t willing or aren’t capable of doing certain jobs your dependence on imports grows larger, it usually takes the investment communities a while to figure this stuff out, but once the investment community realizing that it’s your government propping up your economy, it’s over, it becomes a steady decline and this is when the Central Bank is forced to raise interest rates. The writing is on the wall Canada
interesting times ahead.
