It is no secret the handouts being doled out by the Liberals have provided much needed financial resources to a broad base of Canadians. However, it is clear that the focus has been on younger (potenially future Liberal) voters with so many dollars thrown at them, for such a demographic that lacks financial obligations, has existing shelter and resources. Meanwhile, seniors are still waiting on their $300 cheque, the demographic that has paid an entire career's worth of taxes and beyond into their retirements!
This blatant favouritism I cannot believe more Canadians are not discussing this. With Sophie as "an Ambassador" and Justin admittedly having done work for WE previously, the conflicts around this are endless.
"...“When the Federal Government ‘outsources’ the delivery of a grant program it effectively does an end run around transparency and Parliament as NGO’s are not subject to the same federal ATIP information requirements . This is deeply concerning,” Conservative MP Dan Albas tweeted.
“$900 Million. Journalists cannot use ATIP. MPs cannot review this spending at committee. The Auditor General will not be able to audit it. Trudeau Liberals will not even disclose the contract details. So much is wrong here,” he added on social media Friday.."
https://nationalpost.com/news/politics/trudeau-says-charity-with-ties-to-him-and-his-wife-only-one-that-could-run-covid-19-student-volunteer-grant-program/wcm/ffefc862-60ba-4085-aeb2-4eddb8fcc547/
Monday, June 29, 2020
Sunday, June 28, 2020
How Many Are Legally Entering Canada Every Year?
In addition to the 250,000 to 350,000, now 110,000 Permanent Residents ?
Canada Immigration News: 110,000 immigrants got PR via Express Entry in 2019.
Friday, June 26, 2020
US$0.60 Loonie? We May Not Be So Lucky In the Future
With deficits ballooning and the gall of Canadians on the rise spending, day trading, betting their CERB payments on the rise, what does all this mean for the future?
The party is on for now but there is a huge hangover coming when Canada wakes up one morning.
"...It’s not just the debt, either, but the denominator, which is national income, which threatens to take the ratio of liabilities to GDP further into the stratosphere. Yes, interest rates are close to 0 per cent, but they won’t be there forever and there is this other not-so-little thing called the principal that still has to get repaid. It will be interesting to see how a central bank that does not govern over the world’s reserve currency and a country with a massive balance-of-payments deficit will be able to have all of this largesse find its way onto the BoC balance sheet — and the rampant money supply growth this will engender — without jeopardizing global investor confidence in the relative value of the Canadian dollar, which I believe will not end up bottoming until it hits 60 cents (U.S.). And as bold as that sounds, it may end up proving to be a conservative forecast..."
https://business.financialpost.com/investing/investing-pro/david-rosenberg-why-i-saw-a-credit-downgrade-in-canadas-future-months-ago
The party is on for now but there is a huge hangover coming when Canada wakes up one morning.
"...It’s not just the debt, either, but the denominator, which is national income, which threatens to take the ratio of liabilities to GDP further into the stratosphere. Yes, interest rates are close to 0 per cent, but they won’t be there forever and there is this other not-so-little thing called the principal that still has to get repaid. It will be interesting to see how a central bank that does not govern over the world’s reserve currency and a country with a massive balance-of-payments deficit will be able to have all of this largesse find its way onto the BoC balance sheet — and the rampant money supply growth this will engender — without jeopardizing global investor confidence in the relative value of the Canadian dollar, which I believe will not end up bottoming until it hits 60 cents (U.S.). And as bold as that sounds, it may end up proving to be a conservative forecast..."
https://business.financialpost.com/investing/investing-pro/david-rosenberg-why-i-saw-a-credit-downgrade-in-canadas-future-months-ago
Wednesday, June 24, 2020
Financial Post: The theory of immigrants and foreign investors driving Canada's property market is about to be tested.
"....There are approximately 640,000 international students in Canada — over 50 per cent of them are Chinese and Indian nationals who make up a significant part of the rental market in Canada’s largest cities. In a typical summer season, tens of thousands of new foreign students, landed immigrants and non-permanent residents looking for work arrive in Canada, seeking some kind of housing, either to rent or buy..."
"...In April, the numbers of permanent residents admitted to Canada declined by 80 per cent from the year prior — just 4,140 were processed and admitted compared to 26,900 in April 2019, according to Immigration, Refugees and Citizenship Canada...."
Saturday, June 20, 2020
It Was All In The Timing: Trudeau's Insecurity Over The UN Security Council
“I think this also indicates the decline of influence of the Trudeau brand, possibly impacted by previous incidents such as the India state visit and the blackface revelations,” he said.
Shuvaloy Majumdar, a senior fellow at the MacDonald Laurier Institute and former adviser on foreign policy in Stephen Harper’s conservative government, said, “It’s really the biggest embarrassment (Trudeau) will suffer in his prime minister-ship in Canada, particularly on international affairs.”
http://nationalpost.com/news/politics/trudeau-blames-failed-un-security-council-bid-on-late-entry-to-race-others-blame-superficial-foreign-policy
The Costs the Liberals Went Through for a Temporary UN Seat: Even More Symbolism, Less Substance
"...So they sucked up to China and the WHO. Sucked up to the Greta-nistas. Killed pipelines, banned tankers and all but halted future development of oilsands and pipelines. They scolded the Trump administration for withdrawing from the Paris climate accord and from the WHO.
And they tossed Israel aside and sucked up to Palestine to win Muslim countries’ support.
But where it counts – in foreign aid, diplomacy and peacekeeping – the Liberals are doing very much less than the Tories who they so harshly criticized.
The fewest peacekeepers the Harper government every had in the field was 88. The Trudeau Liberals currently have just 35 – Canada’s lowest-ever total..."
Sunday, June 14, 2020
Call in The Auditors - Pierre Poilievre
https://www.facebook.com/PierrePoilievreMP/videos/189941638968003/?d=null&vh=e
Canada Had a Hand in Wuhan and COVID 19?
https://www.cbc.ca/news/canada/manitoba/canadian-scientist-sent-deadly-viruses-to-wuhan-lab-months-before-rcmp-asked-to-investigate-1.5609582
"We have a researcher who was removed by the RCMP from the highest security laboratory that Canada has for reasons that government is unwilling to disclose. The intelligence remains secret. But what we know is that before she was removed, she sent one of the deadliest viruses on Earth, and multiple varieties of it to maximize the genetic diversity and maximize what experimenters in China could do with it, to a laboratory in China that does dangerous gain of function experiments. And that has links to the Chinese military."
Friday, June 12, 2020
Despite Numbers Thrown Around Publicly Do We Really Know How Many Are Entering Canada as Immigrants AND Permanent Residents?
In addition to the 350,000 immigrant goal lead by the Liberals, when did we have a similar goal for permanent residents for a total of nearly 700,000 coming into Canada annually? At a time of mass government handouts and record unemployment ?
"...The Liberal government had intended to welcome as many as 371,000 new permanent residents in 2020, a number that will fall dramatically due to COVID-19..."
Also some clarity on Canada's education system, an education system for the world due to the much cheaper rates even based on the rate charged to international students.
"...A recent report from RBC Economics suggested the slowdown will have knock-on effects on the economy, noting among other things the $6 billion in tuition alone that international students contribute to the economy each year...."
https://globalnews.ca/news/7054996/ottawa-immigration-process-revamp/
Friday, June 5, 2020
Other Investing Ideas in a COVID Downturn
It's easy to lock in 7% yields with banks/financials, pipelines, etc right now. Here are some more rarely discussed ideas - preferred shares and private credit.
https://business.financialpost.com/personal-finance/retirement/these-are-the-investments-you-should-consider-adding-to-your-portfolio-right-now#comments-area
https://business.financialpost.com/personal-finance/retirement/these-are-the-investments-you-should-consider-adding-to-your-portfolio-right-now#comments-area
Wednesday, June 3, 2020
Canadian Dollar: How the $#%& Is It Trading at US$0.74?
Oil is having a decetn day, but with unimagineable debt, rampant unemployment, collapsing GDP...how does this happen?
Why Are Public Teachers Blocked From Teaching? Hello ETFO
http://nationalpost.com/opinion/opinion-teachers-unions-are-blocking-better-education-during-the-pandemic
"...My friend Jeff’s wife, Jodie, is a teacher. Unlike most teachers, however, she teaches at an independent school, not a public school. When the government announced schools were closing, Jodie’s school pivoted the way hospitals did. They had two days of meetings, learned how to use Google Meet and by the third day held their first virtual classroom.
This was, literally, months ago. Since then, Jodie has been meeting with her class twice a day, once in the morning and once in the afternoon, and in between holds small group meetings and one-on-ones. All the while, Jeff and Jodie — like so many families — are struggling to teach their own children, because their kids go to a public school.
Why does it have to be this way?
Resist the temptation to blame “teachers,” because it isn’t them. Some public school teachers — many, in fact — wanted long ago to fire up the virtual classroom. I know this because another friend — let’s call him Jim — told me the story of how right after the lockdown started, he received an email from his daughter’s teacher giddily announcing the commencement of live video classes. Jim was elated. Virus be damned — the learning would go on.
Hospitals are government-funded, just like schools. And yet there they are, pivoting in the face of emergency.
But then a day later, the live chat was cancelled. The reason? “Livestreaming communication is not approved by ETFO.”
You read correctly. Apparently, the Elementary Teachers Federation of Ontario had killed video chatting before it had even been born. As the world slipped further into chaos and economic uncertainty, teachers were being told not to teach..."
@ETFOeducators, @TeachersOntario, @OSSTFtoronto, @otffeo, @osstf, #osstf, #etfo, @Teachers__Unite
"...My friend Jeff’s wife, Jodie, is a teacher. Unlike most teachers, however, she teaches at an independent school, not a public school. When the government announced schools were closing, Jodie’s school pivoted the way hospitals did. They had two days of meetings, learned how to use Google Meet and by the third day held their first virtual classroom.
This was, literally, months ago. Since then, Jodie has been meeting with her class twice a day, once in the morning and once in the afternoon, and in between holds small group meetings and one-on-ones. All the while, Jeff and Jodie — like so many families — are struggling to teach their own children, because their kids go to a public school.
Why does it have to be this way?
Resist the temptation to blame “teachers,” because it isn’t them. Some public school teachers — many, in fact — wanted long ago to fire up the virtual classroom. I know this because another friend — let’s call him Jim — told me the story of how right after the lockdown started, he received an email from his daughter’s teacher giddily announcing the commencement of live video classes. Jim was elated. Virus be damned — the learning would go on.
Hospitals are government-funded, just like schools. And yet there they are, pivoting in the face of emergency.
But then a day later, the live chat was cancelled. The reason? “Livestreaming communication is not approved by ETFO.”
You read correctly. Apparently, the Elementary Teachers Federation of Ontario had killed video chatting before it had even been born. As the world slipped further into chaos and economic uncertainty, teachers were being told not to teach..."
@ETFOeducators, @TeachersOntario, @OSSTFtoronto, @otffeo, @osstf, #osstf, #etfo, @Teachers__Unite
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