http://nationalpost.com/news/canada/tom-thomson-sketch-discovered-in-edmonton-basement-sells-for-481k-at-auction
Thursday, May 31, 2018
"The Canadian dollar has never been so weak in the face of rising oil prices"
Canada, get used to it...at least until late 2019 election time.
http://business.financialpost.com/investing/why-ottawas-pipeline-gambit-wont-save-the-lagging-loonie
http://business.financialpost.com/investing/why-ottawas-pipeline-gambit-wont-save-the-lagging-loonie
Quarterly GDP Slowing, Real Estate Market Slowing, Loonie Lagging, Pipeline Expansion in Limbo, NAFTA Negotiations Stalling - Trudeau, Morneau, Carr Where Art Thou?
The Liberals borrowing platform and investment thesis just took a punch in the face so far in 2018, with the usual reasons as to "why" and "what" supports such levels of bloated borrowing are no longer there.
Even Bank of Canada's Poloz' aggressive stance on a trend of rate hikes to "combat inflation" and bring some life to the Loonie is now rumoured to be a stall at best.
Where are the "Sunny Ways" now Justin?
http://business.financialpost.com/news/economy/newsalert-canadian-economy-grew-at-a-1-3-per-cent-annualized-pace-in-first-quarter-2
Even Bank of Canada's Poloz' aggressive stance on a trend of rate hikes to "combat inflation" and bring some life to the Loonie is now rumoured to be a stall at best.
Where are the "Sunny Ways" now Justin?
http://business.financialpost.com/news/economy/newsalert-canadian-economy-grew-at-a-1-3-per-cent-annualized-pace-in-first-quarter-2
Tuesday, May 29, 2018
What Do You Do With A Pipeline Project That Has All Legal, Environmental, Governmental Wherewithal to be Built, Yet the Liberal Government Won't Step Up to Allow It - You Buy It
In another head shaking move on behalf of this Canadian Federal Government only 2.5 years into its apologetic, economically reckless, ethically challenged, over (carbon) taxed, stifling political correctness filled term, the "best" option that was decided with regards to a provincially and federally approved pipeline that would have sufficed all tests, approvals, permits and economic analysis is to (drumroll please...) buy it from the owner rather than invoke the government's fiduciary and legal duties of allowing this pipeline to be built. Huh?
Maybe one day there will be an apology over this too...
http://business.financialpost.com/commodities/energy/ottawa-buys-trans-mountain-pipeline-for-4-5-billion-but-can-it-sell-it
@bill_morneau, @jimcarr_wpg, @jjhorgan,
Maybe one day there will be an apology over this too...
http://business.financialpost.com/commodities/energy/ottawa-buys-trans-mountain-pipeline-for-4-5-billion-but-can-it-sell-it
@bill_morneau, @jimcarr_wpg, @jjhorgan,
Monday, May 28, 2018
....And C$ Falling....
Ironically, on eve of Finance Minister Bill "Oh No" Morneau's speech in Alberta on "Securing Canada's Economic Future" at the 11th hour of Kinder Morgan Pipeline deadline. @Bill_Morneau
Bombardier's Two New Luxury Aircraft Due Towards end of 2019, That Can Only Mean One Thing - Liberal Handout Come Federal Election Time
http://business.financialpost.com/transportation/airlines/bombardier-to-build-two-new-luxury-aircraft-amid-growing-demand
And no mention of Mr. Innovation, MP Navdeep Bains @NavdeepSBains, for Canada's contributions to the aerospace world. I thought he was on a roll there after wondering for two and a half years what a Minister of Innovation does all day - kills Chinese acquisitions of key Canadian construction companies.
Oh, and by the way, MP Maryam Monsef @MaryamMonsef is somehow still a Canadian (even according to Liberal rules and regulations) and still a sitting MP.
And no mention of Mr. Innovation, MP Navdeep Bains @NavdeepSBains, for Canada's contributions to the aerospace world. I thought he was on a roll there after wondering for two and a half years what a Minister of Innovation does all day - kills Chinese acquisitions of key Canadian construction companies.
Oh, and by the way, MP Maryam Monsef @MaryamMonsef is somehow still a Canadian (even according to Liberal rules and regulations) and still a sitting MP.
Friday, May 25, 2018
Look Out Below!!! CAD $0.77...And Falling
With NDP governments in B.C., Alberta and now possibly Ontario (yikes), combined with a deadbeat, unenforcing federal government that continues to sit on its (legal) hands when it comes to pipelines, still-to-be-completed NAFTA and illegal entry crisis into Canada from the USA by the thousands, the world financial markets are starting to wake up to the economic and taxation disaster that is and will be happening in Canada.
Goodbye Mexican vacations, will see you maybe in the next election...
Goodbye Mexican vacations, will see you maybe in the next election...
Thursday, May 24, 2018
Tuesday, May 22, 2018
Although This Means More to Canadians Than What Is On Neftfix Tonight, Many Canadians Will Have No Idea This Is Occurring - Finance Minister Bill Morneau On The Hot Seat For Spending Plans
http://www.cpac.ca/en/cpac-in-focus/tuesday-finance-minister-questioned-spending-plans/
DID YOU KNOW?....
"...UPDATED May 22, 2018 10:02amET
Finance Minister Bill Morneau spends tonight fielding several hours worth of questions from MPs about his department’s spending estimates and priorities for the coming year.
Those Finance Canada estimates (the highest of any federal department or agency at nearly $94 billion — with $71 billion used for transfer payments) include several components of fiscal policy:
1 billions of dollars in health and social transfers to the provinces and territories
2 billions of dollars in equalization payments and other fiscal arrangements with the provinces and territories
3 debt management
Each fiscal year the Official Opposition chooses two departments for such a review in Committee of the Whole. They must be held by May 31.
Ministers or their parliamentary secretaries appear in the House of Commons chamber for up to four hours during such sessions.
Immigration, Refugees and Citizenship Minister Ahmed Hussen is scheduled for questions on Thursday night.
Quizzing the Ministers
The ministerial sessions stem from a standing order adopted by the House in 2001, allowing the Opposition to choose two federal departments or agencies for review by a Committee of the Whole.
According to House of Commons Procedure and Practice, the new custom would permit “a more meaningful examination of government estimates” and confirm “the financial oversight role of the House of Commons.”
The corresponding minister or parliamentary secretary sits in the front row of the government benches and prepares to act as a witness. Outsiders are almost never allowed to walk beyond the Bar of the House, but in this case a small number of department officials are permitted to sit near the minister to provide advice.
The first round of speakers begins with the Official Opposition, than the government, than the NDP.
Each MP has 15 minutes to speak and ask questions. There’s a five-minute minimum for the latter category.
MPs need unanimous consent to split their time with a colleague.
The minister’s response is expected to be equal to or less than the question’s time.
About Committees of the Whole
Committees of the Whole date back to the 1500s and the creation of the committee system in England’s Parliament. Major bills were debated in a less restrictive forum than formal proceedings of the House of Commons overseen by a Speaker. Canadian legislatures adopted the custom with little change until 1968, when the current system of standing committees was established.
Today, the House of Commons switches to this less formal setting on rare occasions. One notable example was the 2008 official apology to residential school victims. Sitting in a Committee of the Whole allowed First Nations representatives to sit on the floor of the Commons and deliver remarks after the prime minister and opposition leaders spoke.
The Speaker leaves their customary chair and moves to the Clerk’s seat at the main table on the Commons floor. MPs can speak more often than a normal House debate...."
DID YOU KNOW?....
"...UPDATED May 22, 2018 10:02amET
Finance Minister Bill Morneau spends tonight fielding several hours worth of questions from MPs about his department’s spending estimates and priorities for the coming year.
Those Finance Canada estimates (the highest of any federal department or agency at nearly $94 billion — with $71 billion used for transfer payments) include several components of fiscal policy:
1 billions of dollars in health and social transfers to the provinces and territories
2 billions of dollars in equalization payments and other fiscal arrangements with the provinces and territories
3 debt management
Each fiscal year the Official Opposition chooses two departments for such a review in Committee of the Whole. They must be held by May 31.
Ministers or their parliamentary secretaries appear in the House of Commons chamber for up to four hours during such sessions.
Immigration, Refugees and Citizenship Minister Ahmed Hussen is scheduled for questions on Thursday night.
Quizzing the Ministers
The ministerial sessions stem from a standing order adopted by the House in 2001, allowing the Opposition to choose two federal departments or agencies for review by a Committee of the Whole.
According to House of Commons Procedure and Practice, the new custom would permit “a more meaningful examination of government estimates” and confirm “the financial oversight role of the House of Commons.”
The corresponding minister or parliamentary secretary sits in the front row of the government benches and prepares to act as a witness. Outsiders are almost never allowed to walk beyond the Bar of the House, but in this case a small number of department officials are permitted to sit near the minister to provide advice.
The first round of speakers begins with the Official Opposition, than the government, than the NDP.
Each MP has 15 minutes to speak and ask questions. There’s a five-minute minimum for the latter category.
MPs need unanimous consent to split their time with a colleague.
The minister’s response is expected to be equal to or less than the question’s time.
About Committees of the Whole
Committees of the Whole date back to the 1500s and the creation of the committee system in England’s Parliament. Major bills were debated in a less restrictive forum than formal proceedings of the House of Commons overseen by a Speaker. Canadian legislatures adopted the custom with little change until 1968, when the current system of standing committees was established.
Today, the House of Commons switches to this less formal setting on rare occasions. One notable example was the 2008 official apology to residential school victims. Sitting in a Committee of the Whole allowed First Nations representatives to sit on the floor of the Commons and deliver remarks after the prime minister and opposition leaders spoke.
The Speaker leaves their customary chair and moves to the Clerk’s seat at the main table on the Commons floor. MPs can speak more often than a normal House debate...."
With Comments From Politicians Like These, How Is the NDP Even Considered a Real Canadian Political Party?
By arguing against such institutions, history and symbols of Canada (e.g. Remembrance Day and Canada's contributions to a World War), the NDP are doing a worse service to Canada than a separatist party.
Friday, May 18, 2018
Thursday, May 17, 2018
Talk Amongst Yourselves..."Like it or not, crude oil is the biggest reason for Canada’s prosperity"
http://business.financialpost.com/opinion/like-it-or-not-crude-oil-is-the-biggest-reason-for-canadas-prosperity
"...In 2014, before the oil-price downturn, crude oil alone generated a $70-billion trade surplus for Canada — excluding smaller surpluses in refined petroleum products and natural gas — far outstripping any other export category (the closest is metals and minerals) and helping to offset large, chronic deficits in autos and parts, industrial machinery, electronic goods and consumer products.
...Even at the bottom of the oil-price correction in 2016, crude oil remained the largest positive contributor to Canada’s merchandise trade, generating a $33-billion surplus. In 2017, net oil exports increased again to $46 billion and will likely climb to over $50 billion this year, alongside the recent recovery in West Texas Intermediate (WTI) oil prices to the $70 mark.
....Oil industry tax and royalty revenues have also strengthened the overall fiscal position of governments across Canada, helping to fund social services. In 2016, the latest year for which data is available, Alberta payments to Ottawa were around $22 billion more than it received, amounting to over $5,100 per capita, helping to fund equalization payments to Quebec, the Maritime provinces and Manitoba. Alberta has consistently shared a portion of its resource wealth with the rest of Canada. Per capita, Alberta’s net federal payments are five times bigger than any other province..."
"...In 2014, before the oil-price downturn, crude oil alone generated a $70-billion trade surplus for Canada — excluding smaller surpluses in refined petroleum products and natural gas — far outstripping any other export category (the closest is metals and minerals) and helping to offset large, chronic deficits in autos and parts, industrial machinery, electronic goods and consumer products.
...Even at the bottom of the oil-price correction in 2016, crude oil remained the largest positive contributor to Canada’s merchandise trade, generating a $33-billion surplus. In 2017, net oil exports increased again to $46 billion and will likely climb to over $50 billion this year, alongside the recent recovery in West Texas Intermediate (WTI) oil prices to the $70 mark.
....Oil industry tax and royalty revenues have also strengthened the overall fiscal position of governments across Canada, helping to fund social services. In 2016, the latest year for which data is available, Alberta payments to Ottawa were around $22 billion more than it received, amounting to over $5,100 per capita, helping to fund equalization payments to Quebec, the Maritime provinces and Manitoba. Alberta has consistently shared a portion of its resource wealth with the rest of Canada. Per capita, Alberta’s net federal payments are five times bigger than any other province..."
Wednesday, May 16, 2018
And The Downside Consequences of BC's Pipeline Protests - The Rest of Canada Pays Through More-No Morneau's "Full Indemnity From Losses" Solution
http://nationalpost.com/news/politics/john-ivison-on-trans-mountain-morneau-has-called-kinder-morgans-bluff
With all the legal tools and authority at its feet to begin this pipeline tomorrow, the route that Trudeau, More-no Morneau the Federal Liberals choose is to...spend more money, not on a vialbe pipeline, but spending money on covering losses.
After "claiming" to have reviewed all options on the table, the solution the federal Liberals have decided is to let BC carry on about its protesting business and allow Kinder Morgan "to attempt" to proceed with a pipeline. If Kinder Morgan's efforts cannot happen or result in completion, well the Liberals will still claim they were always "pro-pipeline" but still appease (and fund!) the non-pipeline groups and voters. Meanwhile, all Canadians are out billions of federal tax dollars.
And what's that I hear?...Oh ya, crickets. Still nothing for veterans. Welcome to head scratching Canada.
With all the legal tools and authority at its feet to begin this pipeline tomorrow, the route that Trudeau, More-no Morneau the Federal Liberals choose is to...spend more money, not on a vialbe pipeline, but spending money on covering losses.
After "claiming" to have reviewed all options on the table, the solution the federal Liberals have decided is to let BC carry on about its protesting business and allow Kinder Morgan "to attempt" to proceed with a pipeline. If Kinder Morgan's efforts cannot happen or result in completion, well the Liberals will still claim they were always "pro-pipeline" but still appease (and fund!) the non-pipeline groups and voters. Meanwhile, all Canadians are out billions of federal tax dollars.
And what's that I hear?...Oh ya, crickets. Still nothing for veterans. Welcome to head scratching Canada.
Tuesday, May 15, 2018
Is a More Fair Deal Warranted for Alberta?
http://business.financialpost.com/opinion/brian-jean-its-time-for-alberta-to-demand-a-fairer-deal-from-canada
"...Meanwhile, B.C. Premier John Horgan is selling out his Canadian neighbours in Alberta to benefit his friends in the state of Washington. In one of the most outrageous press conferences held by any provincial leader, he stood beside the governor of Washington to announce that they would work together to stop the Trans Mountain expansion. All this while B.C. has said yes to a new pipeline to bring fuel from the U.S. to the Vancouver airport. It appears to this Albertan that politics may be trumping integrity and honesty.
This is the state of Canada today. Intentionally selling out and attacking our own Canadian brothers and sisters in order to benefit our American competitors. Canada should be ashamed...."
Thanks To Liberal Deficits, "The typical Canadian tax-paying family is on the hook for over half a million dollars in public debt and $1,833 in monthly interest"
http://nationalpost.com/opinion/john-robson-exactly-how-much-debt-do-canadians-really-think-theyll-ever-be-able-to-repay
"....In Ontario, total provincial debt is fast approaching $350 billion. At $25,700 per person, that’s $102,800 per family of four, and monthly payments of at least $342.
Except about half of Ontarians pay virtually all the taxes. (According to Fraser Institute figures, the bottom half of all Canadian income earners pay just 15 per cent of all taxes, while some seven per cent of Canadian families don’t earn income.) So if you’re somehow making a decent living, you must nearly double all those numbers. Add $200,000 to your family debt, and $666 in monthly interest.
Still staggering along with me here? Well, brace yourself for more, because if you include dubious bookkeeping flagged by the provincial auditor-general, from off-book borrowing (at higher cost) by Ontario Power Generation to understating Ontario Teachers’ Pension Plan and Public Service Employees’ Union Pension Plan liabilities, you can safely add $70,000 more to the debt and assume your real monthly Queen’s Park interest bill is $900.
In some provinces the problem is less severe. But in others it’s worse. And everywhere the federal government’s ostensible debt is now $631.9 billion, another $17,412 per person, or nearly $70,000 per family of four and $140,000 per taxpaying family of four. You might want that drink after all.
Or be unable to afford it, because the total load in Ontario is now a knee-buckling $410,000 and the monthly bill rises another $466 to $1,366. Seriously, if you had to add nearly half a million dollars to your family liabilities and find another $1,366 in interest each month, would the bank give you a credit card? Would you sleep?..."
"....In Ontario, total provincial debt is fast approaching $350 billion. At $25,700 per person, that’s $102,800 per family of four, and monthly payments of at least $342.
Except about half of Ontarians pay virtually all the taxes. (According to Fraser Institute figures, the bottom half of all Canadian income earners pay just 15 per cent of all taxes, while some seven per cent of Canadian families don’t earn income.) So if you’re somehow making a decent living, you must nearly double all those numbers. Add $200,000 to your family debt, and $666 in monthly interest.
Still staggering along with me here? Well, brace yourself for more, because if you include dubious bookkeeping flagged by the provincial auditor-general, from off-book borrowing (at higher cost) by Ontario Power Generation to understating Ontario Teachers’ Pension Plan and Public Service Employees’ Union Pension Plan liabilities, you can safely add $70,000 more to the debt and assume your real monthly Queen’s Park interest bill is $900.
In some provinces the problem is less severe. But in others it’s worse. And everywhere the federal government’s ostensible debt is now $631.9 billion, another $17,412 per person, or nearly $70,000 per family of four and $140,000 per taxpaying family of four. You might want that drink after all.
Or be unable to afford it, because the total load in Ontario is now a knee-buckling $410,000 and the monthly bill rises another $466 to $1,366. Seriously, if you had to add nearly half a million dollars to your family liabilities and find another $1,366 in interest each month, would the bank give you a credit card? Would you sleep?..."
A Murderous Member of ISIL - Welcome To Canada and Run Around Toronto All You Want
http://nationalpost.com/opinion/john-ivison-if-self-confessed-isil-killer-is-not-held-accountable-who-will-be
As evidenced by other terrorists and people like MP Maryam Monsef - terrorism is not grounds for denying or revoking Canadian citizenship, but lying and fraud is.
Well, here we are, Maryam Monsef is still a Canadian and sitting in the House of Commons as a MP. Meanwhile, Abu Huzaifa al-Kanadi in coming/returning to Canada has done both of the above. Yet he is allowed to run free allegedly in Toronto.
Excerpt from article...
"...Abu Huzaifa al-Kanadi, his nom de guerre, talked in a disconcertingly bland North American accent about being taught how to behead people. “You had to know how to slice a head off,” he said.
He then depicted a group execution, in which he shot a middle-aged Muslim man in the back of the head. “It’s justified – you’re not going to be held accountable,” he said he told himself.
On another occasion, he took part in a community killing, stabbing a drug dealer in the heart. “The blood was warm and it sprayed everywhere,” he said. “I had to stab him multiple times.”
He said the second killing left him feeling “disgusted” and determined to return to his parents in Canada. He escaped to Turkey, and then on to his grandparents’ home in Pakistan. He eventually made his way home to Canada, telling immigration authorities at the airport that he’d spent the past 10 months at university in Pakistan. “I said it in a way so that it didn’t seem I was lying,” he said.
The only positive in all this is that he said he would never return to a life of violence. “No, I’ve come too far from it,” he said.
But, regardless of his conversion to a more harmonious world-view, it should not be overlooked that there is a self-confessed killer on the loose in Canada’s biggest city – one who lied to immigration officials to get into the country..."
As evidenced by other terrorists and people like MP Maryam Monsef - terrorism is not grounds for denying or revoking Canadian citizenship, but lying and fraud is.
Well, here we are, Maryam Monsef is still a Canadian and sitting in the House of Commons as a MP. Meanwhile, Abu Huzaifa al-Kanadi in coming/returning to Canada has done both of the above. Yet he is allowed to run free allegedly in Toronto.
Excerpt from article...
"...Abu Huzaifa al-Kanadi, his nom de guerre, talked in a disconcertingly bland North American accent about being taught how to behead people. “You had to know how to slice a head off,” he said.
He then depicted a group execution, in which he shot a middle-aged Muslim man in the back of the head. “It’s justified – you’re not going to be held accountable,” he said he told himself.
On another occasion, he took part in a community killing, stabbing a drug dealer in the heart. “The blood was warm and it sprayed everywhere,” he said. “I had to stab him multiple times.”
He said the second killing left him feeling “disgusted” and determined to return to his parents in Canada. He escaped to Turkey, and then on to his grandparents’ home in Pakistan. He eventually made his way home to Canada, telling immigration authorities at the airport that he’d spent the past 10 months at university in Pakistan. “I said it in a way so that it didn’t seem I was lying,” he said.
The only positive in all this is that he said he would never return to a life of violence. “No, I’ve come too far from it,” he said.
But, regardless of his conversion to a more harmonious world-view, it should not be overlooked that there is a self-confessed killer on the loose in Canada’s biggest city – one who lied to immigration officials to get into the country..."
More Cracks in the Canadian Housing Sector: Monthly Canadian Home Sales Decerase 14% to lowest level in FIve years
http://business.financialpost.com/real-estate/newsalert-national-home-sales-fall-14-to-lowest-level-in-5-years-prices-down-11-2#comments-area
oh the real estate and realtor industry - always has an excuse when things are weak and takes the credit when things are good. The impact of new mortgage rules you could see coming down Yonge Street, but apparently was a shock to them...."This year’s new stress test has lowered sales activity and destabilized market balance for housing markets in Alberta, Saskatchewan and Newfoundland"
oh the real estate and realtor industry - always has an excuse when things are weak and takes the credit when things are good. The impact of new mortgage rules you could see coming down Yonge Street, but apparently was a shock to them...."This year’s new stress test has lowered sales activity and destabilized market balance for housing markets in Alberta, Saskatchewan and Newfoundland"
Monday, May 14, 2018
Brett Wilson Telling It Like It Is: The Loonie's Downward Trend is "Trudeau-monday Enforced"
"...The Canadian dollar is where? It’s down from 80 [cents U.S.], it’s down from 82, it’s down from 85 … We’ve been in a downward trend, the downward trend is Trudeau-Morneau enforced. If our competitiveness was compelling, it wouldn’t be slipping...”
With This Much Going Against the "Canadian" Home Buyer, It Is Now Plainly Obvious the Real Estate Markets in Canada's Big CIties Are In The Hands of Foreign Purchasers
With every governmental regulation at hand raising stress test levels, increasing interest rates and amount of downpayments and the realtor industry allowed to behave in its underhanded tactics, the Canadian consumer is faced with increased difficulty and curiously higher an higher home prices. How can these two results happen?
SUPPLY is NOT the issue in the Canadian housing market.
With NO restricitons whatsoever on new construction or resale units for foreign purchasers (even Australia has regulation regarding this, with foreign purchasers only able to purchase new construction to foster the construction industry) and clearly Canadian purchasers being driven out of the market in the hopes of "cooling" the real estate market, it is plain to see that the DEMAND from foreign purchasers is there like a firehose unable to be turned off.
The government will continue to hammer the average Canadian consumer; (to "save us from ourselves"); however, if from outside of Canada looking to park some wealth in hard assets like real esate and in a first world country where the rule of law is predictable, then fill your boots as they say.
The real estate industry in their selective, subjective, manipulated and incomplete data will continue to lead you to believe that only a small number, around 5.0% of purchasers, are of foreign interest. Spend some time in Vancovuer or Toronto and you will easliy conclude that is an aboslute lie and it just goes to show you the lengths of the cover up that is happening under our noses.
In other words, in simple supply-demand economics, the demand side is the issue, and it is not coming from Canadians.
http://business.financialpost.com/real-estate/mortgages/hike-to-mortgage-qualifying-rate-fresh-blow-to-home-hunters-buying-power
SUPPLY is NOT the issue in the Canadian housing market.
With NO restricitons whatsoever on new construction or resale units for foreign purchasers (even Australia has regulation regarding this, with foreign purchasers only able to purchase new construction to foster the construction industry) and clearly Canadian purchasers being driven out of the market in the hopes of "cooling" the real estate market, it is plain to see that the DEMAND from foreign purchasers is there like a firehose unable to be turned off.
The government will continue to hammer the average Canadian consumer; (to "save us from ourselves"); however, if from outside of Canada looking to park some wealth in hard assets like real esate and in a first world country where the rule of law is predictable, then fill your boots as they say.
The real estate industry in their selective, subjective, manipulated and incomplete data will continue to lead you to believe that only a small number, around 5.0% of purchasers, are of foreign interest. Spend some time in Vancovuer or Toronto and you will easliy conclude that is an aboslute lie and it just goes to show you the lengths of the cover up that is happening under our noses.
In other words, in simple supply-demand economics, the demand side is the issue, and it is not coming from Canadians.
http://business.financialpost.com/real-estate/mortgages/hike-to-mortgage-qualifying-rate-fresh-blow-to-home-hunters-buying-power
The Cumulative Affect of Tredeau's and His Merry Band of Taxing Liberals' Taxes and Agendas - A Competitive Issue for Canada
How or why would any new or expanding business look to Canada as a place to set up shop. After putting in the hard effort of sourcing employees, scoping out a suitable location and jurisdiction, seeking approvals and permits, being subjected to the various levels of red tape, now there are carbon taxes and increased wages thanks to provincial counterparts.
Looks like
"...Now, with new tax and regulatory reforms rolling out in the U.S., 2018 confronts Canada with a new competitiveness challenge. Money will flow south when investors feel Canada is no longer comparatively hospitable to investment..."
http://business.financialpost.com/opinion/jack-mintz-end-the-denial-and-admit-it-canada-has-a-competitiveness-problem
Looks like
"...Now, with new tax and regulatory reforms rolling out in the U.S., 2018 confronts Canada with a new competitiveness challenge. Money will flow south when investors feel Canada is no longer comparatively hospitable to investment..."
http://business.financialpost.com/opinion/jack-mintz-end-the-denial-and-admit-it-canada-has-a-competitiveness-problem
Sunday, May 13, 2018
Trudeau Gives Away $60 Million to Giants Apple, Rio Tinto...Still Nothing for Veterans
Obviously the two incidents of announcing a byelection in Chicoutimi, Quebec and this governmental hand out are connected and you'd have to be born yesterday to be unable to see that. Perhaps the Liberals thought this announcement in a beautiful little corner of Québec (I know, I've stayed there) yet so dependent on industry (Rio Tinto's aluminum plants) would avoid the English Canada headlines (sadly like many headlines do).
Looking forward to see how this one byelection turns out and see the mindset of northern Québec and the rest of the province.
Friday, May 4, 2018
Another Crack in the Toronto Housing Market, More Spin From the Real Estate Industry
Due to real and increased scrutiny on mortgage rules and rising interest rates, home sales were off to the worst start of a year since 2009 recession and results of Global Financial Crisis.
But of course, it is never a time for panic according to the real estate industry....
“Market conditions should support moderate increases in home prices as we move through the second half of the year, particularly for condominium apartments and higher density low-rise home types,”
And It Continues: As if Liberal Math And Creative Accounting Was Not Enough, Now We Have Made Up Liberal Rights
"....the Charter does not ban abortion. There is, in fact, no law on abortion in Canada. The Trudeau government’s claim that respecting abortion rights is necessary to comply with the Charter is wholly invented to serve its own needs. What the Charter does protect is the right to hold personal viewpoints without being persecuted by the government or anyone else. In essence, Ottawa is using a made-up Charter value to deny an actual Charter right. And for all its posturing, it seems not to grasp this."
Thursday, May 3, 2018
Arms Length Transaction Or Favour for Bombardier? Although Not a Liberal Governmental "Handout", This Time an All Cash, Head Scratching Acquisition
The Liberal connections to the Bombardier public company and founding family are so strong that red flags must be raining on the compliance field. Of course they are, but no one is enforcing any punishments, rules or spirit of bona fide acquisition type transactions.
Very questionable - squandering people's pensions plans, funded by government and public service paycheques, on purchasing lemon assets to keep Bombardier afloat, and a transaction that is so so rife with conflicts.
Does Finance Minister Bill Morneau Ever Listen To Himself Speaking? Politicalspeak 101
I'm sure Finance Minister Bill Morneau @bill_morneau has enough financial acumen (and lucky by birth right) to be part of the publicly listed Morneau Sheppell along with some top notch schooling, both domestically and internationally. However, as to what pill Liberal politicians take and how they are coached behind closed doors are unknown, the results are evident here....
Oh, and he is a punctual one as he MUST duck out of this committee meeting bang on 5pm. Home for dinner?
https://www.youtube.com/watch?v=dNXTnXgVTk8
Oh, and he is a punctual one as he MUST duck out of this committee meeting bang on 5pm. Home for dinner?
https://www.youtube.com/watch?v=dNXTnXgVTk8
Secret Fares: A New Flight Search Tool
How ‘Secret Fares’ Might Change the Way You Fly https://www.bloomberg.com/news/articles/2018-05-02/how-secret-fares-might-change-the-way-you-fly
Wednesday, May 2, 2018
By The Numbers: Illegal Border Crossers Have Surpassed Legal Refugee Claims
Here are the numbers (excerpt):
"...In the first three months of 2018, 5,052 asylum seekers were intercepted by the RCMP after illegally crossing the Canadian border, compared to 4,475 people who filed refugee claims through conventional channels such as airports and official border stations. In other words, for the first time there are more people illegally seeking asylum in Canada than making legal refugee claims — and that trend is set to continue throughout 2018.
In 2017, the Immigration and Refugee Board received at least 18,149 claims from what they call “irregular border crossers” — those who claimed asylum after first entering Canada illegally. This was compared to 29,276 people who applied for refugee status through legal channels. But with the rate of illegal crossings already double what it was in 2017, the “illegal” category is poised to blow past the “legal” category.
The RCMP intercepted 1,890 illegal border crossers in the first three months of 2017. In the same period in 2018, that number soared to 5,052. Over the Easter Weekend alone, more than 600 crossed into Quebec, and provincial officials are expecting more than 400 per day as the weather gets warmer. Much of this activity is in Saint-Bernard-de-Lacolle, Que., where it’s particularly easy to cross over from Champlain, New York.
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