Manufacturing sales in Canada up 1.4 percent in May – (June 17, 2018)
According to the CBC article that can be found on MSN by clicking the link below:
Statistics Canada reports manufacturing sales up 1.4 per cent in May
In my opinion, these stats went up primarily because of the trade war looming, what businesses tend to do in times of uncertainty is stock up on supplies until they can find another supplier. So if businesses felt uncertainty they’d obvious buy more then they need. If this trend continues I’d personally be shocked, but for now, it’s expected in my view.
American companies dependent on Canadian manufacturers have to protect themselves from uncertainty, at least until another entity fills the void. It’s just the cycle of business, change is uncomfortable but you still prepare for it. Hopefully, for Canada’s sake, this trade war ends soon, hopefully, for Canada’s sake China puts up a fight against Trump. Because if news breaks that China concedes to Trump’s demands, Canadian exports are only 2% of the U.S economy.
Events like these have happened historically many times over, Canadians have been living in an illusion that those terrible economic things that happened in the United States can’t happen here. Hopefully, they’re right. Andrew Scheer reminds me a lot of Brian Mulroney, Justin Trudeau is a dumbed down version of his dad, Justin Trudeau in many ways is the perfect puppet Prime minister. A puppet Prime minister from my standpoint is an individual that doesn’t lead and is incapable of leading, a leader who is reliant on others to make decisions for him.
When I see Justin Trudeau I see arrogance, typically arrogant people are hiding their insecurities. Justin Trudeau will go down in Canadian history as the one of the most economically challenged Prime minister, followed closely by Brian Mulroony. Andrew Sheer to me is the type of Conservative that Canadians will grow to hate. So if he wins in my view it will be interesting to see how long he’s able to hold onto power.
If you’re Canadian wait until the July and August numbers come out, that should give us a better understanding of what’s going on in Canada in the tit-for-tat-tariff era.
Interesting times ahead.