Possession of a chainsaw
called the real excitement in Washington at the beginning of this year, when
Installed
Department of State Efficiency
reduce government spending and reduce work.
According to some estimates, hundreds of thousands were laid or aimed at dismissal, although Musk has since left the dog, and some employees were asked to return to work.
But here
The fact that Taylor Schleich, an economist from the National Bank of Canada, was discovered from recent data that contradict widespread opinion.
Canada actually reduced a large share
than the United States this year.
According to the latest employment, wages and statistics hours in Canada, employment in the Federal Government of Canada fell 3.8 percent until July, while the federal labor force of the United States fell by only 3.1 percent until August, he said.
The decrease in the federal labor force of Canada began until 2025, and the elections of the Prime Minister and the election of the Prime Minister
Schleich indicates.
The budget for 2024, under the leadership of the former Prime Minister Justin Trudo, sought to save money through exhaustion, and since the beginning of this year, the federal labor force has decreased by about 5 percent.
Keep in mind, some claim that in Ottava there were more opportunities to reduce work. Thanks to the surge, hiring for most of the Trudeau stay, a large share of federal workers is still working in Canada, he said. This is not always the case. Until 2020, Canada had a smaller state square than in the United States.
There is also the possibility of the fact that the public service of America is going to become even smaller if Trump threaten to reduce more American agencies and jobs during
Now continues.
It is difficult to say that Schleich said whether the tendency to reduce work in Ottawa continues, since we will not look at the federal expenditure plans until November 4.
But in order to return to the size of the federal labor force in 2015, before Trudo accepted the authorities, it will require a reduction in 14 percent of employees or about 50,000 jobs, he said.
“It is difficult to imagine that this is playing, since the government plans to expand its coverage to a large extent (for example, through new houses in Canada or in the office of large projects),” he said.
“It is clear that fewer federal workers will not be enough to compensate for the value of the growing list of expenses and light income by reducing taxes.”
A
Parliamentary budget employee last week forecast
The fact that the federal government will publish an annual deficit this year in the amount of $ 68.5 billion. The United States, compared with $ 51.7 billion last year.
What leads us to another of national economists “believe or not.”
Canadian governments, provincial and federal, are currently using debt markets as aggressively as the United States, whose growing obligations alarmed investors around the world.
Five months after the financial year, the Canadian government issued an announcement of new bonds in the amount of 138 billion dollars, which is 44 percent compared to a year earlier, National said. Add 81.5 billion dollars in the province. USA, and the total amount is $ 220 billion.
At the same time, on the other hand, in the amount of 2 trillion US dollars from the United States is 1.3 percent of GDP.
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Another change
If electricity on us becomes a large movement of inflation.
“The yellow appetite to electricity from data centers was sent once a dream, the demand for electricity,” said Douglas Porter, the chief economist of BMO Capital Markets, in a recent note.
This really appears in the United States, where over the past five years, electricity prices have increased by an average of 6.5 percent per year. The weight of electricity in the consumer price index is about 2.5 %, so the increase added 0.15 percentage points to inflation, he said.
According to Porter, Canada did not see the same surge mainly because prices here are more regulated and require less “foamy”. Canadian expenses have grown by only 1.4 percent last year, and the average annual increase over the past five years is about half than in the United States. ”
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Today's delivery was written Pamela heaven With additional reports from the Financial Post, Canadian press and Bloomberg.
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