https://financialpost.com/news/economy/container-crunch-could-eventually-add-to-price-pressures-port-of-vancouver-warns
Thursday, September 30, 2021
Tuesday, September 28, 2021
Trudeau's First Days in Office
US/Australia alliance inked over submarine deal to combat China (snubbing France and Canada at same time) while coincidentally Canada's Michael Kovrig and Michael Spavor are released from China and on a government of Canada plane within an hour of Huawei's Meng cutting a deal with USA and being released from her oppressive shackles of having to stay in her Vancouver mansion. Is she allowed to return to Canada? Does she keep her mansion? Justin right there on tarmac in Calgary for the photo opportunity thanks to the USA dealmaking.
On housing, the Liberals never addressed GST nor land transfer taxes in top of increasing housing unaffordability. What do they do? Raise the $1M limit for insured mortgages to $1.25M.
On immigration, Justin ramped up the partisanship of this institution and has given direct orders to +300 immigration gate keepers to automatically allow free stay in Canada if "intersectional" - impacted by two of ethnicity, religion, sexuality, political beliefs, etc. This is how the Liberals will get their majority.
http://www.bnnbloomberg.ca/aurora-cannabis-posts-45-drop-in-q4-consumer-sales-1.1658192
https://torontosun.com/news/national/gunter-liberals-plan-to-make-immigration-to-canada-much-easier
Monday, September 27, 2021
CFL Week 8: Emergency and Third String QBs Continue, Fans a Big Part of Week in Ottawa and BC
Tiger Cats at REDBlacks: Hamilton Wins 24 - 7
A dismal outing for the fans of Ottawa watching through the worst downpour in years of any gameamong with a one win team on the field and the first day of vaccination receipts to show for entry. As well, thr government web site to issue thr receipts was down during the day. Ottawa dug itself a hole again but had some momentum going when Nichols returned to the field securing a momentous drive late in game yet left the field immediately clutching his wrist on his last play. As Nichols replaced Davis it came down to Canadian #80 Behar to close out the game as emergency QB. Unfortunately thr Ottawa fans showed more heart (and also voiced their displeasure) than the team by braving and facing the conditions and circumstance thrown at them.
Alouettes at Argonauts: Toronto Wins 30 - 27
Not quite the Hamilton rivalry but always a great match when these two inrer provincial rivals face each other. A tight game, at times Argos looking like they might run away with it. Bethel-Thomson had the start, sitting Nichols out, with some sparing plays by Pipkin facing his old team. Exciting finish as Montreal scored on a well deserved drive from deep in their own end and went for an inside kick in the last minute of play. Toronto takes control of the East.
R
Roughriders at Lions: Saskatchewan wins 31 - 24
Pension Plan Context: If You Have One Or If You Are a Public Servant
As an example outlined in the article: $221B ÷ 311,000 Ontario teachers in the plan = $710,000 for ALL retired AND working teachers in Ontario.
For the CPP, 519.6B for say 37M Canadians (whether contributing or receiving benefits) = $14,043. Say only half of Canadians will contribute and appropriately receive CPP, that equates to $28,086 per Canadian. Of which public servants ALSO participate in.
Friday, September 24, 2021
The Liberals Are In Fact Increasing Housing Prices Not Tackling Affordability
"...Canada plans to increase credit access for the country’s riskiest borrowers in the years to come. A re-elected government may not seem like change, but they promised a big one — larger insured mortgages. High-ratio borrowers will see an increase of up to 25% of their maximum mortgage size. Expansion of credit during a low inventory market is one of the fastest ways to increase prices. It was one of the primary drivers of growth during the US real estate bubble, prior to the Great Recession. It’s an odd policy to embrace, and likely to push prices higher, or at least prevent them from falling.
Canada is planning to increase the maximum that can be borrowed on a high ratio mortgage. High ratio mortgages are those where the buyer puts less than 20% down on the purchase price. Currently, buyers are limited to home prices of less than $1 million. If the proposed changes go through, this will increase by 25% to $1.25 million.
Further, the high ratio maximum will no longer help to slow growth for cheaper housing. It will be indexed to the Consumer Price Index (CPI) as well. This is somewhat ironic, since shelter costs are nearly a third of the CPI index. Bubbles will now self-adjust as they push the credit boundary higher. It’s the human centipede of mortgage plans.
High-ratio mortgages were originally designed for low-income households to break into the market. It makes sense for taxpayers to take on that sort of risk, since it helps build the middle class. That’s not what’s happening here. To take advantage of a $1.25 million maximum mortgage, a household needs at least $155,000 per year in income. In addition, they would need at least another $250,000 for the down payment..."
Thursday, September 23, 2021
Post-Election and Trudeau's Non-Win: Unfortunately, This Characterization of Canada and Trudeau is the Most True and Succinct I Have Read
"...There is now no longer any way we can doubt this. Canada simply isn’t a serious country.
We don’t take our fiscal future seriously.
We don’t take our reputation seriously.
We don’t take our responsibility to our allies seriously.
Canada re-elected someone who has repeatedly worn blackface, who talks about things like ‘she-cessions,’ who lies rampantly, who is a cringe-fest of political correctness, and who clearly has no interest in the actual governing of a country (“I don’t think about monetary policy”)
Canada is a nation that increasingly lacks any coherent or unifying identity, lacks pride in our history or respect for our past, and lacks the ability to defend either our freedoms, or our national interest..."
https://spencerfernando.com/2021/09/23/what-justin-trudeau-staying-in-power-says-about-canada/
Issues That Never Made the Recent Election: Foreign Policy (A Perfect Opportunity to Change Canada's Passive Stance Towards China...But No)
On Day 1 of his government, Canada's 44th, Liberals found blind sided and left out of any opportunity to stave off its passive stance against China or to step up defense spending.
"...Last week, the United States, United Kingdom and Australia announced a new defence and security partnership, dubbed AUKUS, which is intended to present a unified front toward an increasingly aggressive China, and demonstrate to other countries that the U.S. intends to remain engaged in the Asia-Pacific region for decades to come. Not only was Canada not included in the agreement, but the federal government seemed to be completely blind-sided by the announcement — a reflection of our diminished stature on the world stage.
Prime Minister Justin Trudeau immediately downplayed the importance of the agreement, saying it was merely a way for the U.S. to sell nuclear submarine technology to Canberra (which is indeed a central element of the deal). But Trudeau’s comments suggest that he does not appreciate the significance, or the long-term implications, of the new alliance.
The first issue to consider, then, is what the new alliance says about the relationship between the U.S. and Canada.
Unfortunately, the answer is clear: it represents an unmistakable sign that Washington has largely given up on Ottawa as a serious defence partner, having concluded that this country has absolutely no intention of living up to its NATO commitment to spend two per cent of gross domestic product on defence (Trudeau largely acknowledged this a few years back). The lack of spending severely limits what this country can do militarily, and no amount of defence sleight-of-hand or political spin can change that...."
Wednesday, September 22, 2021
Sunday, September 19, 2021
CFL Week 7: Third String Quarterbacks' Week
Stampeders at Tiger Cats: Hamilton Wins 23 - 17
In an early season where most teams rely on two quarterbacks mostly due to injuries we are on to the third stringers now. David Watford filling in for Evans and Masoli was able to claw a win thanks to turnovers off Calgary including the league wide disliked Simoni Lawrence scoring a pick six. Calgary had the ball bounce off a returners helmet for turnovers....twice. Who would have thought a 2-5 start fir the almighty Stampeders? Panic stations.
Argonauts at Roughriders: Saskatchewan wins 30 - 16
Although the score did not reflect the total game, the Argos were within inches of various plays that could have turned this game around. However, when you are dealing with a defense that stops you on 3rd and goal, maybe you didn't deserve to win. Arbuckle still the starter although MBT waiting in the weeds for his break in this dynamic duo race.
Lions at Alouettes: BC Wins 23 - 17
Technically the first two QB system in game 1 of this season, Reilly now putting three wins together with Montreal being his favourite team with most wins for him facing the Als. Montreal squandered opportunities after knocking on the end zone more than once and walking away with 15 points in field goals.
Blue Bombers at Elks: Winnipeg Wins 37 - 22
The Blue Bombers machine keeps rolling with only one loss this year to the pesky Argos. Add Edmonton to the list of injured QBs. In comes Cornelius for the injured Trevor Harris in a valiant effort but fumbling on your own goal line with Winnipeg's Bugzilla nearby is going to make you pay. At 16 completions for 33 passes, Edmonton may not have had a chance. Edmonton still winless at home.
Saturday, September 18, 2021
Canada's Chronically Imperfect and Vote Grabbing Immigration System: Even the Toronto Star (of All Leftist Rags) Has Points to Ponder
"...between February 2020 and this past July, the backlog of permanent residence applications skyrocketed by 70 per cent to 375,137, with the number of applications for temporary residence currently sitting at 702,660 cases. The backlog of citizenship applications has also ballooned to 369,677 people in the queue from 208,069 before the pandemic...."
Here’s how the federal election could change Canada’s immigration system.
Wednesday, September 15, 2021
In a Canadian Tax Court, Can There Be Such a Thing as Religious Bias?
CBC.ca: Jewish Tax Court judge barred from presiding over cases involving Muslims, documents show.
https://www.cbc.ca/news/canada/tax-court-judge-allegations-1.6173998
Tuesday, September 14, 2021
Why Two French Debates and Only One English Debate? Let the Anglos Get Their Knickers in Knots
As under Trudeau's "Transparent " government, a coalition has been formed for these debates called the Debate Broadcast Group, which includes APTN News, the CBC, CTV and Global News chain as well as Angus Reid. If you remember Justin ducked out of a debate last election when we had multi debates so would having more than one be any better?
As such, and per this monopolistic coalition in cahoots with Trudeau, there is one national debate in French and one national debate in English with varying rules each year to oppose Maxime Bernier from appearing at these forums.
Now a Québec network, not unlike any network in English Canada (rest of Canada "ROC") invited only the parties with elected Québec seats to a debate meaning only four parties could participate. Any English network could have done the same. Let's say TVO although not nearly as significant in Ontario as TVA to Québec.
Now we are left with uninformed Anglo Canadians complaining (not just Québec anymore) about the state of politics and Quebec's unfair advantage in the debate series. I recently heard at a lunch this misinformed comment "What's the population of Quebec? There are way more English Canadians and we only get one debate while Québec gets two?".
Actually, the answer is Québec had only one debate for Québec, there was a national English debate and a national French debate as last time I checked there are two official languages in Canada both spoken in and outside of Québec. Anyone heard the term Franco-Ontarien or Acadian?
Québec Has a Point: Apologies Demanded After Loaded English Debate Question
After taking down the cross from Québec's Assemblé Nationale after much pressure, a Religious symbol that has stood for most of Québec's 400 year old history of culture (yes Canada has culture(s) and customs, they don't all lie outside of this country) doesn't levelling the religious symbols playing field involve ridding of ALL religious symbols, to be fair? Done by a democratically elected government under civil law.
Meanwhile, the question posed for such was prefaced with "discriminatory". A loaded question this author would say.
But then again, the problem with Québec is...English Canada, not even caring.
Canadian Pensions Investing Less and Less in Canada to Detrimental Levels: Letko Brosseau
Unfortunately real issues like these will never be part of an election platform as most voters are more interested in a free cheque.
"...The Pension Investment Association of Canada, the country’s leading pension fund association, reported for the year ended December 2020 that Canadian publicly held securities represented approximately 5 per cent of its members’ total assets. This is down from 28 per cent in December 2000.
“It should be a major policy concern for Canadians and our leaders that the country’s pension industry has moved large amounts of its funds to other countries.,” said Daniel Brosseau, President of LetkoBrosseau. “When investment managers send Canadians’ hard-earned savings outside of Canada, they aren’t just moving money out of the country, but also some of its important associated economic benefits. That means less innovation, fewer jobs, and reduced economic activity and security for Canadians.”..."
Invest in Canada – Press Release - Letko, Brosseau & Associates (lba.ca)
Monday, September 13, 2021
Canadian Citizens Still Stuck in Afghanistan, Yet Canada Accepting Afghan Refugees...From The USA
CBC.ca: Calgary chosen as port of entry for Afghan refugees arriving in Canada from US.
https://www.cbc.ca/news/canada/calgary/afghan-refugees-arrive-calgary-alberta-1.6174328
The Biggest Real Estate Bubbles? Canada and Germany, Even Showing Up On the US Feseral Reserve's Observations
Better Dwelling: Canada’s Real Estate Bubble Is The Second Longest In The World: US Federal Reserve.
It's Election Time, So Much For Putting Canadians Back to Work: Since August 24, 2020, Temporary Residents Who Are in Canada With Valid Visitor Status Have Been Able to Apply for an Employer-Specific Work Permit From Within Canada
Canada Immigration News: Visitors in Canada continue to have access to work permits.
Trudeau Creates Another Wedge Issue Over Flags Being Lowered: The Longer They Are st Half Mast, The Less the Mewning Resonates
"...We lower the flag for solemn and important reasons. The discovery of unmarked graves is one such appropriate occasion, and an example of why the flag lowering protocols allow some discretion. But precisely because there is an important recognition conferred by the lowering of the flags is why we should be careful with how and when we use it. Half-masting notices issued since May 30 have added that “as the flags are currently half-masted, no action is required.” Some may argue this is a trivial concern, but if the flags being lowered was a symbol appropriate for a tragic discovery it’s because the lowering of the flags has meaning. The indefinite lowering we seem destined for drains the potency of this symbol...."
Friday, September 10, 2021
CFL Week 5: Great Games Despite Blowouts; Fa-BAR-do Does It Again
Winnipeg at Saskatchewan: Winnipeg Wins 23-8
Fa-BAR-do showed up again although despite his repeat unique play, was a losing effort regardless. The momentum from last Grey Cup kept Winnipeg alive with some monumental play from Collaros and Harris.
Montreal at Ottawa: Montreal Wins 51-29
Montreal rained on Ottawa's season opener parade as Nichols struggled again with his new team. Davis brought in to finish and looking like he may have a starter position as changes needed. Montreal, in a breakout game for Adams Jr, trounces REDBlacks.
Toronto at Hamilton: Hamilton Wins 32-19
The 50 years battle of the Queen Elizabeth Way plays out again, and again Hamilton wins. A hockey game broke out as a result of the heated rivalry. Argos struggled as Arbuckle looking uncomfortable only starting his second game with the QB carousel. Williams made the Argos pay with a kick off return which the fans loved and helped the TiCats feed off that energy as well as work from Acklin and Speedy Banks (out for next week). Hamilton trounces Toronto.
Edmonton at Calgary: Calgary Wins 32-20
In a rare "battle of the basement" for these two western power houses, both teams matched each other into the last quarter, with Calgary stealing a late win from the tight lead held by Edmonton after a long and late drive by Harris capped by Wilder Jr (where was this in Toronto?!). A missed field goal by Paredes looked like it may have been the death of Calgary but the Stamps came back from a four points deficit to steal the win and move to 2-3.
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