Joe Oliver v. StatsCan

GDP increased in 2nd quarter by almost $4 billion – from beginning of April to end of June, a result of a buoyant month of June, up 0.5%.
–Finance Minister Joe Oliver, Twitter, Sept. 1, 2015.

Real gross domestic product (GDP) declined 0.1% in the second quarter, following a 0.2% decrease in the first quarter.
–Statistics Canada, Sept. 1, 2015.

 

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5 comments on “Joe Oliver v. StatsCan
  1. orphancarguy says:

    So, that explains the extra $150 Billion plus in net debt–Statistics Canada is just being Bolshie again, and reporting facts and truth.

  2. Papadoc says:

    Up, down, sideways, it’s always rosy for bottle-lensed dimwit Joe.

  3. Steve-O says:

    The Conservatives are trying to keep Oliver in hiding. They have good reason to hide him, because he’s become such an embarrassment to the Dear Leader.

  4. OJM says:

    That buoyancy Joe felt was actually rising prices. He cited the Q2 growth of nominal rather than real GDP. The difference between the two is adjusting for inflation. As even the dimmest Carleton economics grad (and possibly some of their professors) could tell you, it’s real GDP you must consider to determine whether economic activity is expanding or shrinking.

  5. Patrick60 says:

    No doubt the PMO is drafting StatsCan’s death warrant as we speak.

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