I wonder what Canada’s secret is, besides electing Stephen Harper instead of Barack Obama.
While the administration and media are trying their best to declare May’s mediocre job report a success, there is word up north that conservative principles at work can create jobs. This month, the United States created 175,000 jobs and its unemployment rate increased to 7.6%. While the initial number may seem at least somewhat impressive, it really only keeps up with natural population growth.
Meanwhile, on the other side of our northern border, Stephen Harper’s Conservative government is providing results lacking in the states.
Canada has just over 10% of the population of the United States and economists were predicting a mild 15,000 jobs created last month.
Instead, the Great White North saw 95,000 jobs created, or over half of those created in the United States. Extrapolated for total population, this is about five times the job creation of the United States.
The Canadian unemployment rate fell to 7.1% and the Canadian Dollar surged upward.
The Canadian dollar is currently nearly even with the dollar and during the reign of O has at times even beaten the dollar.