This shows how we are doing or where we are heading in Canada:

"Nationally, GDP growth slowed to 1.7 per cent from 3.3 per cent in 2002, Statistics Canada said."


OTTAWA—For the second year in a row, Newfoundland and Labrador led the provinces with oil-fired economic growth of 6.5 per cent, says Statistics Canada.

"Saskatchewan was the only close runner-up, as an end to two years of drought brought a 4.5 per cent rebound of its gross domestic product," the agency said yesterday.

Real GDP slowed in the Atlantic provinces, Quebec, Ontario, Manitoba and British Columbia.

But it picked up in Saskatchewan and Alberta, where the oil patch lubricated growth to 2.2 per cent, up from 1.5 per cent in 2002.

The Northwest Territories boomed while Nunavut tumbled, contracting 10.5 per cent because of mine closings. Yukon remained unchanged.

Several events had repercussions across the country — the SARS health scare in Ontario, the rising loonie hampered manufacturing and the mad cow scare hurt farm income. British Columbia forest fires and the Ontario blackout last summer left their marks in those provinces.

Ontario's growth slowed to 1.3 per cent, the second-lowest among the provinces and down from 3.6 per cent in 2002.

Nationally, GDP growth slowed to 1.7 per cent from 3.3 per cent in 2002, Statistics Canada said.

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Thanks and regards.
Biomed

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"Change before you have to" : Jack Welch

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Orginally posted by biomed

This shows how we are doing or where we are heading in Canada:

"Nationally, GDP growth slowed to 1.7 per cent from 3.3 per cent in 2002, Statistics Canada said."

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What can be imagined, can be achieved.

Well MI, if you want to assume things in that way.. it is up to you.. what I can say? It looks that you assume too much and jumping on conclusions is the part of your nature

Thanks and regards.
Biomed

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"Change before you have to" : Jack Welch

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Orginally posted by Mishtar India

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Orginally posted by biomed

This shows how we are doing or where we are heading in Canada:

"Nationally, GDP growth slowed to 1.7 per cent from 3.3 per cent in 2002, Statistics Canada said."

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Dude... when you say this shows where we are headed ....it seems that you have taken for granted that this decline will be a permanent trend and we are headed down the drain ..is this what you mean ?

if you look at the worldwide economic cyclic trends ...you will realize that it this is a normal cyclic phase.
probably the next upswing will take time but will be there ....sooner or later .

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I don't believe this has anything to do with where we're heading. Bear in mind, growth has slowed, we're not in a depression. And even if it slows, growth is good.

I'm not a big believer in these indicators anyways. After the stock market crashed in the post-dot.com-boom era, I've lost faith in these so called "experts" or "number crunchers". They don't really know any better than a roulette wheel.

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Are you there?

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Orginally posted by biomed

It looks that you assume too much and jumping on conclusions is the part of your nature

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What can be imagined, can be achieved.