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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 https:/

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

Jeremy1026 1mo ago
No one with at least two brain cells to rub together thought the tariffs was going to make anything better.
- mapontosevenths 1mo ago
  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 1mo ago
    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.
  - rozal 1mo ago
    [flagged]
  - root_axis 1mo ago
    To be fair, a plurality of voters care more about the culture war than the economy as well.
    - amanaplanacanal 1mo ago
      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 1mo ago
    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 1mo ago
      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 1mo ago
        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.
shin_lao 1mo ago
[flagged]
- izend 1mo ago
  Look at the M2 supply growth, it can't collapse with that growth but inflation will run quite high.
- Sanzig 1mo ago
  Citation needed. Canada's economic indicators are all extremely healthy, despite the trade war tantrum from its southern neighbour.
  - shin_lao 1mo ago
    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 1mo ago
      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.
- r053bud 1mo ago
  Perhaps that is what you are wishing for, but it’s not the reality.
- diego_moita 1mo ago
  You dropped the "/s".
izend 1mo ago
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]

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

Jeremy1026 1mo ago

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

mapontosevenths 1mo ago
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 1mo ago
  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.
- rozal 1mo ago
  [flagged]
- root_axis 1mo ago
  To be fair, a plurality of voters care more about the culture war than the economy as well.
  - amanaplanacanal 1mo ago
    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 1mo ago
  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 1mo ago
    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 1mo ago
      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.

shin_lao 1mo ago

[flagged]

izend 1mo ago
Look at the M2 supply growth, it can't collapse with that growth but inflation will run quite high.
Sanzig 1mo ago
Citation needed. Canada's economic indicators are all extremely healthy, despite the trade war tantrum from its southern neighbour.
- shin_lao 1mo ago
  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 1mo ago
    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.
r053bud 1mo ago
Perhaps that is what you are wishing for, but it’s not the reality.
diego_moita 1mo ago
You dropped the "/s".

izend 1mo ago

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]