Quote:
Originally Posted by Ozy_Flame
Hey stinker (if you give me your preferred pronoun, I'll use that), I'm sure you're more than capable to know the difference bewteen nominal GDP and real GDP. 1.8% growth rate over the long term, as highlighted by the TD Foreacast, reflects real GDP growth rather than nominal. Thus, the inflation-adjusted forecast likely anticipates growth.
Canada’s long-term forecast includes population-driven labor growth slowing, investment in clean energy (long overdue and the future of energy industry output) and productivity is expected to balance inflationary pressures.
Of course real GDP contractions over any sustained period are concerning, but this scenario may reflect temporary adjustments rather than systemic issues, depending on government and central bank actions.
And of course you're still on the "WHAT ABOUT CHINA US AND INDIA" bandwagon, same old tired conservative pablum. This isn't a zero-sum game—progress by any country is valuable. All three of those economies are also moving towards climate targets.
I assume people of your ilk have a vested interest in pumping out more O/G products overseas, but those economies will get their natural gas wherever makes the most sense. India and China have access to Qatari LNG as well as Australia and Russian supplies. As for the US, they're largely self-sufficient in their LNG reserves, no need for more of Canada's unless meeting spikes in demand.
Now, how can Canada meet it's own climate goals and the international commitments it has committed to without LNG and O/G products? I know you've thought this through and have deep, well-resourced answers. So I wait with baited breath for this one. |
You don’t really understand how to read or communicate, do you? Nowhere in your original post did you say that the 1.8% was real GDP. And you didn’t post a source, which you chastised me for, so not sure how your lack of communication is me not knowing the difference between real and nominal, when I’m the one that brought it up
Regardless, great - Canada is growing in real terms! Unfortunately, that’s still less than the US growth, so we’ll continue to see the gap widen. Maybe by 2030, the dollar will be at 1.5! If only there was anything we could do to help close the gap, maybe someone on here has some good ideas?
https://www2.deloitte.com/us/en/insi...-analysis.html
And I’m not sure if you have reading comprehension issues, but I said very clearly in my post that I don’t believe Canada should have domestic-only climate goals. As a resource extraction economy, we should be focusing on our ability to reduce global emissions through displacement of coal by exporting cheap LNG to Asia. What’s AECO trading at again?
You can bury your head in the sand and write that off as “conservative pablum”, but if you had an ounce of common sense, you’d see that it’s a win win as global emissions are reduced, and Canadians can benefit at once. Do you remember how the US became the global leader in oil production in a period of 15 years while reducing its emissions through displacement of coal and industry efficiencies, all without domestic climate goals? Like that.