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1over137 14 hours ago

Meanwhile Canada added 75,000 new jobs in July. Perhaps Trump's tariff scheme is not working so well after all.

https://www.cbc.ca/lite/story/9.7299225

izend 14 hours ago | parent | next [-]

I have been very critical of the Federal gov (less so under Carney) and I will admit this job report actually was very good as it wasn't just majority public sector hirings which was very common under Trudeau:

Private-sector jobs: +58,000 jobs [wealthprof...ssional.ca], [retail-insider.com]

Government/public-sector jobs:-27,000 jobs (a decline) [wealthprof...ssional.ca], [retail-insider.com]

Self-employed: +44,000 jobs [wealthprof...ssional.ca], [retail-insider.com]

Part-time jobs: +36,600 jobs [money.usnews.com], [ca.finance.yahoo.com]

Jeremy1026 14 hours ago | parent | prev | next [-]

No one with at least two brain cells to rub together thought the tariffs was going to make anything better.

mapontosevenths 14 hours ago | parent [-]

I suspect that even his proponents knew better, they just didn't care as much about the economy as they did culture wars nonsense and religious woo-woo.

hilariously 14 hours ago | parent | next [-]

It's not a "suspect" thing, it has been widely reported up and down the chain there is basically no support for tariffs, especially when the economic reality hit. The only supporter is trump, and he can do whatever he wants as king baby.

root_axis 13 hours ago | parent | prev | next [-]

To be fair, a plurality of voters care more about the culture war than the economy as well.

amanaplanacanal 12 hours ago | parent [-]

That goes way back to before the founding.

"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness."

It doesn't mention the right to make a buck, though it's probably implicit.

wat10000 12 hours ago | parent | prev | next [-]

I think a large number of people don't "believe" things in the same way that the typical commenter here would understand it.

Your average rationalist techie would consider a "belief" to be some factual statement about the world, backed up with some justification, with some confidence level. "Tariffs help the economy" would mean some probabilities about likely outcomes for different actions, based on some kind of economic theory that explains why those actions make those outcomes more likely. We'd put this statement in the same category as something like "Joe works at Acme, Inc."

(And yes, I know that rationalist techies will still have plenty of irrational beliefs. But this is what we typically consider a belief to be, even if we don't always live up to it.)

But for a lot of people, it's something different. It's more of a pronouncement of faith, or a declaration of allegiance, or an expression of will. It's almost like a prayer. Pronouncing a belief like "tariffs help the economy" isn't a factual statement about likely outcomes, but more of an attempt to sway reality through faith.

mapontosevenths 9 hours ago | parent [-]

This statement seems to align with the world the way I've observed it to be, and I'd never considered it this way before. It really would explain a lot if true.

So is the theory that they don't say it because they actually believe it, they say it because they want YOU to believe it? Or is it that they believe it just because they wish it were true?

wat10000 7 hours ago | parent [-]

It's more subtle than that, to the point that I have some trouble putting it into words.

It's a real belief, but it's a different kind of belief. A rationalist belief has structure behind it, even if only implied. There's a whole framework of, you believe X, what would it look like if X were true, or what would it look like if X were false? What's the basis for thinking that X true? How confident are you? What would change your mind? But for the kind of belief I'm talking about, none of that is there. It's not that it hasn't been done or that it's not sufficiently rigorous, but that it's just not even a consideration. It's not part of the concept of believing something.

mapontosevenths 2 hours ago | parent [-]

I think I get it? A belief is something that some people do, to other it is something that was done to them.

I remember it being like that was I was a child and one day realizing that it didn't have to be, that I could decide for myself what I believed in. Maybe some folks never have that realization?

rozal 13 hours ago | parent | prev [-]

[flagged]

shin_lao 14 hours ago | parent | prev [-]

[flagged]

r053bud 14 hours ago | parent | next [-]

Perhaps that is what you are wishing for, but it’s not the reality.

izend 14 hours ago | parent | prev | next [-]

Look at the M2 supply growth, it can't collapse with that growth but inflation will run quite high.

Sanzig 14 hours ago | parent | prev | next [-]

Citation needed. Canada's economic indicators are all extremely healthy, despite the trade war tantrum from its southern neighbour.

shin_lao 14 hours ago | parent [-]

Canada has faced nearly a decade of weak per capita GDP growth and secular stagnation. Statistics Canada confirmed the country slipped into a technical recession after two consecutive quarters of negative GDP growth in late 2025 and early 2026.

Sanzig 14 hours ago | parent [-]

Neither of those imply "collapse," just that the economy could be doing better than it is. There's a vast continuum between "collapse" and "red hot." Canada's economy is doing just fine despite a few weak points.

And preliminary Q2 GDP numbers look very good, it appears the technical recession is most likely over (TBC once the final Q2 release is firmed up at the end of the month). Just two negative growth quarters when your southern neighbour has threatened to annex you by "economic force" is pretty damn good.

diego_moita 14 hours ago | parent | prev [-]

You dropped the "/s".