Wednesday, April 07, 2010

More news that the OLO does not want to see.

While Michael Ignatieff is busy thinking thoughts at his villa in France.....

A global economic forecasting group says Canadian economic growth will outpace that of other G7 nations by a wide margin during the first half of 2010. The Paris-based Organization for Economic Development and Co-operation is forecasting that Canada’s economy grew 6.2 per cent in the first quarter, well ahead of the 1.9 per cent overall growth for the G7 nations. The OECD predicts that Canada’s second-quarter growth will be about 4.5 per cent, nearly double the 2.3 per cent growth expected from the combined G7.

9 comments:

The_Iceman said...

This is not what Kevin Page predicted. This will likely crush even the ever-optimistic forecasts of Jim Flaherty. I believe it was just about a year ago I blogged that forecasting in a difficult economic climate would have a very high margin of error and should be considered a futile exersize.

robins111 said...

My gawd Vark, you just have to point out that this will take away all the Lib & Dipper complaints for a while.

They just have to default to the 'Taliban Shoe Clubbing" incident and wail about the mean soldiers.

Page will have to buy a new calculator (likely on E-bay) and the board of directors for TD will channel their energies into buying carbon credits.

Good post.

Powell lucas said...

Don't believe a word from any of these economist-filled bureaucracies. (OECD, IMF, World Bank, etc., etc., etc.) If I learned anything from my courses in economics it's that all of them make good archaeologists. They are great at analyzing the data after the fact and telling us how unexpected events in the markets caused them to be so far off in their predictions. These clowns are the equivalent of a carnival fortune teller.

Bec said...

Now robins111 you have entirely shut down the comments on AA's site. No one can beat yours and posters will be spewing coffee on their screens as they roar with gut grabbing laughter.
Too funny!

Ardvark said...

Page may choke on numbers like this http://www2.macleans.ca/2010/04/05/deficit-may-be-smaller-than-anticipated/

5 billion less!



robins111, you to have more faith in the ability of the Liberals to create scandal and smear where none exists. They haven't let me down yet.

robins111 said...

Vark I just had a brain cramp and realized that the Long gun registry vote is coming up.

That should provide entertainment for the lefty crowd for a while.

CanadianSense said...

But Harper is a meanie and he won't play nice!

We need a vision, Canadians like to dream.

(The financial numbers make it very difficult for them to talk on these issues)

That is why it is important for them to talk about Helena, advertising, prisoner comfort in Afghanistan for the Taliban.

How many more deep thinkers are going to be let go at LPOT?

wilson said...

PMSH said 'it's a good time to buy', and it was.
PMSH said Canada will lead the G7 out of the recession, and we are.

The media, LibDippers, Kevin Page and David Dodge......had it wrong.
PMSH and FinMin Flaherty had it right.

Who yah gonna trust!

Patrick Ross said...

I guess this is what happens when the Parliamentary Budgetary Officer tries to play partisan politics -- he winds up with egg on his face.