https://www.cbc.ca/news/politics/mendicino-immigration-pandemic-refugees-1.5782642
This during a time of a pandemic and anxiety-inducing unemployment levels. According to the Liberals, "immigration sells".
After decades of chronic "skills shortages", an "aging population" and most new permanent residents, citizens and Express Entrants overburdening three main urban centers, we will see if this government can get it right.
The professional and eloquent language of a first world leader, "That really sucks". Canadians deserve better conduct than this.
https://nationalpost.com/news/politics/the-covid-19-pandemic-really-sucks-and-christmas-is-now-in-jeopardy-trudeau-warns
An out of the money option with little open interest has quickly turned into a high volume trade ahead of US election
https://nationalpost.com/news/politics/economists-call-for-improved-spending-transparency-as-trudeau-again-refuses-to-set-fiscal-anchor
"...But they also suggest that the failure to set a new fiscal target is part of a broader hesitancy in Ottawa to provide transparent information on pandemic spending. The federal government has not provided detailed updates on cash flows of some of its biggest programs, he said, and has instead stuck with highly generalized overviews that provide no detail about funding recipients.
Taken together, Page said, the situation amounts to an increasingly hazy fiscal outlook for the country.
https://finance.yahoo.com/news/looking-vix-election-years-2020-165845346.html
No matter the outcome, if the uncertainty continues around an unclear election result, then this is all you need.
Looking at November 24 expiry, 80 strike calls
However, the VIX during "normal" elections years...
https://ca.finance.yahoo.com/news/warren-buffett-100-canadian-portfolio-163003129.html?guccounter=1
"...Specifically, in the last reported quarter, Buffett had about US$794 million invested in Canada. He had invested roughly US$565 million, or 71%, of his Canadian portfolio in Barrick Gold (TSX:ABX)(NYSE:GOLD) and US$231 million, or nearly 29%, in Suncor Energy (TSX:SU)(NYSE:SU)...."
"...Indeed, when challenged about our parlous national finances, new Finance Minister of Everything Chrystia Freeland said “these are things we just can’t afford not to do.” Now McParland is not responsible for anything I say, let alone how. But these are his words: “That’s not an answer, it’s a slogan, and a tired, empty one at that. No country can afford to live on loans forever … Country after country has discovered the price of that reality.”
https://nationalpost.com/opinion/john-robson-canadians-need-to-wake-up-to-the-financial-mess-were-in
"...It reads like satire now but five years ago, the Trudeau Liberals were elected on a platform that promised electoral reform; stronger Access to Information legislation; an end to the use of omnibus bills and prorogation; and, more robust parliamentary committees that could better hold the government to account...."
However, after buying off Canadians votes with various CERB programs, wage subsidies, rental relief, students, etc as well as a left wing agenda dictated by the NDP agreements needed to keep this minority government afloat, the scandal-lead, ethics challenged, financially aloof Liberals wilm likely be voted in again.
An election may be announced today
https://nationalpost.com/opinion/john-ivison-trudeaus-willingness-to-opt-for-nuclear-option-to-avoid-awkward-questions-is-troubling
A committee proposal to continue on with the WE Charity scandal work before a prorogued Parliament to one party means a confidence motion to another party and a "we will be no part of this" to another party. Unfortunately one party in this Mexican standoff is going to make the call - that is Jagmeet Singh. Will it be the confirmation of a NDPLiberals coalition or will the NDP truly stand on its own?
https://nationalpost.com/news/politics/liberals-threaten-to-call-election-if-parliament-passes-anti-corruption-committee-motion
"...The Bloc Québécois supports the motion, while the NDP has not made a final decision on the matter and continues to negotiate with the Liberals.
But Monday’s threat of a confidence vote by Liberals did not impress the opposition.
“Is he really suggesting that if the committee looks into Trudeau’s corruption that Trudeau is just going to call an election?” said Conservative MP Pierre Poilievre. “No government in Canadian history has been brought down because an opposition motion passed to set up a committee.”
"...First, a quick refresher (or intro) to Canada Mortgage Bonds (CMBs). Lenders originate mortgages, pool them, then sell the pool as mortgage backed securities (MBS) to the government. To pay for the MBS, the government sells CMBs to investors to get the funds. The cash flow from the MBS, is then used to pay investors holding the CMBs. In other words, a CMB is a state-backed security for mortgage financing in Canada. Easy, right? Totally obvious, and I’m sure you got that on the first read.
These influence the cost of borrowing based demand for these bonds. When investor demand for CMBs rises, interest paid to investors falls. When demand falls, interest paid should rise. It’s a simple concept based on demand of the free market, which changes based on the risk environment. Except in a country that may have a housing bubble. Then when demand evaporates due to risk – the state steps in..."
Things that were "promised" and supposed to be "checked" and "will get back to the committee" with, are never going to happen. the whole committee (Liberal members) knew parliament was going to be prorogued and that was the Liberal strategy all along, never to release such details.
"...He was referring to the pathetic, endless spectacle of Liberal members of two separate parliamentary committees — 21 hours of useless wrangling between them on Thursday — refusing to allow votes on motions concerning their party’s WE Charity debacle.
Liberal members of the finance committee spent 11 hours on Thursday filibustering, moving hopeless amendments and otherwise avoiding a vote on a motion condemning heavy redactions in WE-related emails released in August.
Those redactions were numerous enough that Philippe Dufresne, the independent parliamentary law clerk, and even Wayne Easter, the Liberal chair of the committee, expressed some concern. Now, however, Liberals will move heaven and earth to keep those black lines where they are — and they don’t mind how ridiculous they look doing it.
To wit: Also on Thursday, Liberals on the ethics committee spent 10 hours avoiding a vote on a motion to have the Speakers’ Spotlight booking agency release receipts of various Trudeaus’ paid speaking appearances over the years. The proceedings saw Liberal MP Han Dong expound at length about racism directed against Asian Canadians during the pandemic..."
Baed on, "The economic class accounts for nearly 60 per cent of all new immigrants welcomed by Canada each year", then 170,000 are estimated to enter Canada. Including or not including "aiming" for 50,000 refugees.
"...Canada is on pace to issue 100,000 or more Express Entry invitations in 2020.
Prior to Canada imposing travel restrictions in March 2020, immigration minister Marco Mendicino announced the country would target 341,000 new permanent resident admissions in 2020.
In fact, Canada’s Immigration levels Plan 2020-2022 set a target to welcome 91,800 immigrants to Canada through Express Entry.
Express Entry is the main way Immigration, Refugees and Canada (IRCC) manages economic class immigration applications. The economic class accounts for nearly 60 per cent of all new immigrants welcomed by Canada each year.
Nonetheless, the ongoing Express Entry draws that have taken place on a bi-weekly basis since the start of the pandemic have been a pleasant surprise.
Whereas there was belief at the start of the pandemic that Express Entry draws may be temporarily paused or they would see fewer invitations issued, the exact opposite has occurred.
Instead, we are seeing record-breaking Express Entry draws with Canada emphatically indicating it still plans to welcome high levels of immigration after the pandemic is over.
On October 14, Canada held its largest Express Entry draw ever.
The draw marked one of just two occasions in which Canada issued Invitations to Apply (ITAs) for permanent residence to 4,500 Express Entry candidates. These candidates will now be able to apply for permanent residence and, if they are abroad at the moment, these candidates will eventually be able to build a life in Canada once coronavirus travel restrictions are relaxed for COPR holders.
So far, Canada has issued 82,850 Express Entry ITAs this year. Recently, draw sizes have seen between 3,900 and 4,200 invitations issued per draw.
If IRCC invites 3,900 candidates in each of the remaining five Express Entry draws in 2020, then it will issue a total of 102,350 invitations by the end of this year.
Even if draw sizes are smaller, and IRCC issues an average of 3,500 ITAs per draw, Canada will still exceed 100,000 ITAs by the end of 2020.
IRCC’s processing standard for Express Entry is six months or less for 80 per cent of applications.
Another possibility is that IRCC is holding larger draws since Canada has temporarily reduced its refugee intake due to the pandemic. Canada was aiming to welcome nearly 50,000 refugees in 2020 but this will no longer be the case. The larger draws may also be a function of other economic class programs such as the Provincial Nominee Program (PNP), Quebec’s immigration programs, and other federal programs also falling short of their immigration targets in 2020 due to COVID-19.
https://nationalpost.com/news/politics/randall-denley-doug-ford-is-making-the-ontario-liberals-green-power-disaster-worse
https://financialpost.com/commodities/mining/ottawa-to-review-shandong-golds-buyout-of-tmac-on-rising-concerns-over-chinese-presence-in-canadian-arctic
Using eveybtwctic in the book
https://nationalpost.com/news/politics/liberal-battle-to-prevent-disclosure-of-more-we-documents-relies-on-pots-of-coffee-and-irrelevant-speeches
Other than journalists having the easiest times of their careers for fodder and "breaking news", also the biggest benefactor from this Trump presidency has been Twitter....
"... To be able to counter a potential bomber threat, in the early 1950s, the Royal Canadian Air Force called for the creation of a fighter jet unlike any other: with a range of 300 nautical miles and the ability to take off from a 6,000 foot runway and cruise at Mach 1.5 (roughly 1,852 kilometres per hour) at an altitude of 70,000 feet.
And despite the odds, thousands of Canadian workers came together and succeeded. The Avro Arrow had its first flight in March 1958 and became the crown jewel of Canada’s aviation industry..."
"...Work permits can be given for up to three years at a time. They can then be extended for up to three years for an unlimited number of times, provided professionals comply with all requirements. However, immigration officers must be satisfied that the employment is still temporary, and that the applicant is not using CUSMA entry to circumvent normal immigration procedures.
...all foreign nationals who want to come to Canada for work have to be travelling for an essential reason. CUSMA Professionals and Intra-Company Transferees working in critical infrastructure will continue to be permitted to enter, and may be exempt from mandatory quarantine if they do not have symptoms of coronavirus."
https://www.cicnews.com/2020/10/4-ways-to-move-to-canada-under-cusma-1016005.html#gs.hvbfji
Lead by the top infrastructure fund in the world
"...But an infrastructure asset like DBCT with contracted cash flows could still be an attractive investment in the current near-zero interest rates, fund managers told Reuters, despite an increasing focus on environmental, social and governance principles that threaten to dampen appetite for a coal play.
Coal is the dirtiest fossil fuel.
“Some investors have issues with coal-related stocks but we would be interested in good infrastructure assets if they are well structured and underpinned by long-term assets and long-term contracts generating long-term income streams,” said one of the sources, a Sydney-based fund manager..."
A game show, indeed.
"...The problem is that the parent/grandparent program has always been massively oversubscribed. The first-come-first-served process was responsible for building up a backlog of 165,000 applications under the Conservatives. The Harper government froze applications in 2011 and increased intake targets for two years before returning to more traditional levels of admission and capping applications at 5,000.
The Liberals saw an opportunity in that policy and in the 2015 election, promised to double applications to 10,000 a year."
With so many dates to be confirmed, names to be handed over and notes and documents to be checked after the Liberals were on the Zoom committee hot seat, Justin has the gall to say:
"...“We are entirely focused on the second wave of COVID-19,” Trudeau said at a news conference Tuesday. “We will continue to stay focused on what we need to do to support Canadians facing a very difficult time right now. The Conservatives continue to want to focus on WE Charity, so be it.”
"...It’s been assumed O’Toole will move towards the political centre to capture voters who were wary of Andrew Scheer and slightly put off by Stephen Harper. It’s true there are more votes in the middle than on the edges, but, given Prime Minister Justin Trudeau’s recent spending binge, pushing his party further and further to the left, it may be that the centre will come towards O’Toole..."
The no-action, undecisive NDPLiberals strike again. Pathetic when it relates to a war memorial with Remembrance Day only a month away.
"...Mayor Jim Watson raised the issue at a the last Ottawa Police Services Board meeting, calling the camp “inexcusable” and “disrespectful” to the sacrifice honoured by the war memorial. Chief Peter Sloly said the site was managed by PSPC and police were awaiting direction from the federal government on whether to enforce trespass laws..."
In Quebec the income test is even easier and only required for 10 years of support
"...Sponsorship applications will be accepted by Immigration, Refugees and Citizenship Canada (IRCC) between October 13 and November
"...Canada also allows CUSMA Professionals to come as business visitors, as long as they are not entering the labour market, but soliciting business, consulting, providing advice and meeting clients.
Work permits can be given for up to three years at a time. They can then be extended for up to three years for an unlimited number of times, provided professionals comply with all requirements. However, immigration officers must be satisfied that the employment is still temporary, and that the applicant is not using CUSMA entry to circumvent normal immigration procedures..."
https://www.cicnews.com/2020/10/4-ways-to-move-to-canada-under-cusma-1016005.html#gs.hv9btj
"...Black Canadians saw big employment gains, with their jobless rate falling 5.9 percentage points to 11.7 per cent, while the unemployment rate for Filipino Canadians fell to 8.5 per cent, Statscan data showed. The white jobless rate was 7 per cent..."
https://financialpost.com/news/economy/canada-gains-378200-jobs-blowing-past-expectations
"...the U.S. election is seriously overhyped when it comes to investing. It doesn’t crack my list of top fifty factors that will drive portfolio returns over the next one, three and five years..."
No mention of quarantining:
"...Between January and August of 2020, Canada has welcomed 128,400 immigrants. Based on current trends, it appears Canada’s permanent resident intake will fall short of 200,000 immigrants this year for the first time since 1999..."
"...Bi-weekly Express Entry draws are continuing with Canada just having issued a record-breaking total of permanent residence invitations to successful skilled worker candidates during the third quarter of 2020...."
https://www.cicnews.com/2020/10/canada-welcomed-11000-immigrants-in-august-2020-1016026.html#gs.i9fmsn
"...To be able to counter a potential bomber threat, in the early 1950s, the Royal Canadian Air Force called for the creation of a fighter jet unlike any other: with a range of 300 nautical miles and the ability to take off from a 6,000 foot runway and cruise at Mach 1.5 (roughly 1,852 kilometres per hour) at an altitude of 70,000 feet.
And despite the odds, thousands of Canadian workers came together and succeeded. The Avro Arrow had its first flight in March 1958 and became the crown jewel of Canada’s aviation industry..."
https://nationalpost.com/news/canada/after-decades-of-failed-searches-the-holy-grail-of-avro-arrow-artifacts-uncovered-at-the-bottom-of-lake-ontario
https://financialpost.com/investing/electric-vehicles-are-a-great-story-but-oil-and-gas-may-be-the-better-investment
"...While these kinds of lofty ambitions are getting significant attention, we are left wondering just how achievable they really are. California, for example, experienced blackouts this summer due to spikes in air conditioner use — how specifically is it going to handle the incredible demand from the conversion to electric vehicles in only 15 years?
...Here in Canada, Suncor (SU:TSX) is trading only 11 per cent off its low whereas Exxon (XOM:NYSE) is 10 per cent off its low. For some further perspective, both stocks have lost more than 57 per cent of their value over the past five years. As a whole, Canadian producers as represented by the Capped Energy Index are down a whopping 65 per cent while U.S. producers as represented by the SPDR S&P Oil and Gas Exploration and Producers Index have been crushed losing over 73 per cent of their value in the past five years. Think about this, especially with WTI oil prices only being down 4 per cent over the same period.
Finally, take a look at the forward curve that currently has oil prices over $46 per barrel out in 2025 and over $51 per barrel out in 2030. According to Eric Nuttall, senior portfolio manager at Ninepoint Partners, at those prices producers are currently trading at roughly half of their historical Enterprise Value to Cash Flow multiples, which in theory implies they are factoring in forward oil prices half that of what oil futures are currently trading at. If this is the case, it makes much more sense for companies to acquire a barrel than drill for it.
Reality catches up with CBC (for now) even after billion dollar handouts from Justin and his merry band of NDPLiberals
How bad do you have to be get your job to be one of a couple of dozen at the CBC to be laid off?
"...Williams said in her note to staff the CBC faces a $21 million deficit each fiscal year, and the current environment necessitated “adjustments to our business and in turn, those adjustments will have an impact on our workforce.”
CBC said the cuts were not related to the pandemic, although it has exacerbated the financial pressures of declining advertising and subscription revenues for the public broadcaster and other media organizations.
According to its financial statements, the crown corporation received more than $1.2 billion from the federal government in funding in 2019 and employed some 7,400 people across its divisions..."
https://nationalpost.com/news/canada/cbc-to-lay-off-dozens-of-journalists-and-management-across-multiple-divisions
https://nationalpost.com/news/canada/alleged-mastermind-of-lavish-mansion-casino-raided-by-police-met-twice-with-prime-minister-justin-trudeau
"...“The money moving through these underground casinos leads to huge profits for criminals that fund other ventures such as prostitution and drug trafficking,” York Regional Police said in a statement last week.
Not long ago, however, the businessman accused of being at the centre of it all was moving in some of Canada’s loftiest business and political circles, partly as an advocate for China..."
...Wei also was among a delegation of four representing a Chinese government-endorsed industry group that met separately with Trudeau. Another member of the delegation donated $1 million to the Trudeau Foundation and the erection of a statue honoring the prime minister’s father.
...Wei couldn’t be reached for comment, but he came to Canada about 10 years ago under the investor-immigrant program, said the source. As head of Skywalk Investment, he’s known as a real estate developer, serving on a committee of the Canada-China Realty Professional Association, which says it is dedicated to encouraging development and investment opportunities in the two countries.
https://nationalpost.com/news/canada/alleged-mastermind-of-lavish-mansion-casino-raided-by-police-met-twice-with-prime-minister-justin-trudeau
"...Do you know what day it is? If not, you can scoot over to the prime minister’s website and discover it’s, say, Cyprus’ 60th Independence Day. And read a bunch of lies about how he cares.
It’s bad enough when politicians churn out empty pieties about Mental Illness Awareness Week or Fire Prevention Week, because there are so many worthy causes and so few weeks (just 52 this year, I’m told).
It spins a massive web of petty deceit. On Sept. 30 Trudeau intoned, “It was with great sadness that I learned of the death of …” You have no idea, right? Neither does he. The demise of “His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Emir of Kuwait” caused Trudeau no loss of sleep or appetite.
It gets worse. The statement, supposedly quoting Prime Minister Justin Trudeau, went on to read, “Canada joins the people of Kuwait in honouring their leader and his profound legacy.” So we’re even asked to wink at his lies on our behalf. Canada didn’t “join” with any “people of Kuwait,” who were actually sorry. I doubt 100 Canadians knew.
If you read this, would you ask yourself anything?
"...In 2019, ____ citizens accounted for a quarter of the 341,000 immigrants who were welcomed by Canada.."
"...______ accounted for almost half of the principal applicants who were invited to apply for permanent residence between 2017 and 2019..."
To question the sanctimonous institution of entry and immigration to Canada has been rendered taboo and runs the risk of being called many things. However, from a purely mathematical point of view, how is it that one area of the world comprises an overwhelming majority of applicants through various programs including Express Entry, permanent residency and immigration to Canada? Especially in a country that has preached diversity, multi-culturalism and inclusion.
Running your finger down any list of numeric items, large numbers above the average would certainly catch your eye and may cause you to simply ask why or investigate further. Similarly, in this case, the numbers are eye catching and begs the simple question (race, religion, ethnicity, sexuality, age aside) - "why"? Out of sheer curiousity, why would any one country be so over represented as this in a deemed multi-cultural society (some country is going to have to lay claim to having "the most", but why this magnitude)? Another simple question, why are so many other applicants from other counties being overlooked or under represented? Is there a new quota or does it reflect the number of total applicants? If that is the reason then let it be known or is there another basis Canadians are not aware of? Is Canada's immigration institution a fair and equitable system? Is someone, some organization or something receiving a benefit from this? A consulate office? Or in Canada?
https://www.cicnews.com/2020/10/how-to-immigrate-to-canada-from-india-1015949.html#gs.hcxjm4
A must watch episode. This is and has been happening right under our Canadian noses for decades, with no political courage to speak out against it.
https://www.youtube.com/watch?v=kFZSkSBnFBY
Canada "invites" a record 78,350 for the entire year of 2020, a year impacted severely by Covid, under the "Express Entry" system that is a pathway to permanent residency and citizenship, including such programs: Federal Skilled Worker Class (FSW), Federal Skilled Trades Class (FST) and Canadian Experience Class (CEC). Not to mention MP Mendocino, Minister of Immigration, Refugees and Citizenship has recently approved 56,000 stage 1 entries to international students. How does quarantining of these magnitudes of numbers of future entrants going to be managed?
We will see how much this program/policy changes in a country that has been severely impacted economically with significantly less jobs for the current population, necessarily heightened efforts to gain control of its borders and little or no enforcement of quarantine rules of those who enter legally/illegally. Or maybe policies won't change at all.
"...The first will be a new mandate letter that will be written by Prime Minister Justin Trudeau to immigration minister Marco Mendicino. This letter will contain Canada’s new immigration priorities and it should be released shortly, perhaps as soon as within the coming week...."
Only a cool $167,000 to "create" each job. Hey but it's only (borrowed) money. To get to the promised job creation of "1 million" (pinkie at side of mouth), at this rate will only cost $167 BILLION...PLUS the actual salaries.
