What!? Are Not All Canadian Houses and Real Estate Purchased (By Foreign Buyers) With Well-Earned, After-Tax, Clean Money?

Sarcasm aside, it is about time Canadians wake up to what is happening under their noses. and realize that despite all the complaining from potential buyers, government measures, increased taxes on foreign buyers, mortgage changes and FINTRAC regulations to ease real estate and housing price inflation - IT IS OUR OWN PROBLEM that Canadians have IMPORTED due to a lack of restrictions between domestic and foreign buyers as well as a lack of checks and balances on where those funds are sourced (not just geographically, but legally versus illegally). 

https://business.financialpost.com/real-estate/toronto-housing-has-become-magnet-for-money-launderers-with-28-billion-in-real-estate-bought-by-anonymous-owners-study

"...Toronto’s housing market has become a target for money laundering or “snow washing,” thanks to anonymous property ownership, weak regulation and lax enforcement, according to a new study.

Since 2008, $28.4 billion worth of housing was acquired in the Toronto region largely through private entities where owners can remain anonymous, according to a report released Thursday by Transparency International Canada, Canadians for Tax Fairness and Publish What You Pay Canada.

In that period, $9.8 billion of housing was bought by companies through cash purchases, largely bypassing anti-money laundering checks on fund sources and beneficial owners, according to the study, which analyzed more than 1.4 million residential sales dating back to 2008..."

Latest Jobs Numbers in Canada: Remember That Bank of Canada Interest Rate Hike? Get Ready For a Plateau of Interest Rakes...or a Decrease...That's How Bad Things May Be

At the time of its July 11, 2018 overnight rate hike to 1.5% it almost seemed The Bank of Canada was giving itself a tool in order to decrease rates in the future as NAFTA uncertainty was ongoing, oil was rising.  Now we have unattractive jobs numbers, a 5.8% unemployment rate that reporters and economists would like us to jump and down for (meanwhile in the big bad USA...~4.0%) and a Saudi political spat probably resulting in oil supply impacts to the refineries in Eastern Canada if it lasts beyond three months.

Not only is Trudeau silent on the whole affair, but no support from USA or UK proving how childish and needless this human rights hounding of a contry that will likely not change.  With no economic benefits to score, only possible poll results to gain, Canadians now face the brunt of needlessly poking a holder of Canadian equities (130 points drop on the TSX the Monday after it was announced) that has claimed to be selling everything Canadian and likely will cut off oil supplies (yes Canada - oil from Saudi Arabia and such countries comes to Canada and flows down the St. Lawrence!).

"...Across the provinces, Ontario gained 60,600 jobs — all in part-time work — and the unemployment rate dropped 0.5 percentage points to 5.4 per cent for its lowest reading since July 2000..."

https://business.financialpost.com/news/economy/newsalert-canada-adds-54100-jobs-in-july-unemployment-rate-falls-to-5-8-2

Kathleen, Your Party's Throne Speech Has Just Ended; What are you Doing About Foreign Students In Canadian Universities?

http://business.financialpost.com/diane-francis/why-publicly-funded-universities-should-stop-pursuing-the-international-student-bonanza

"A Dumb Joke"? Well, At Least It Is Different Than An Apology

As Canadians and the world picked up on our Prime Minister's political correctness and language bending reference to "peoplekind", he eventually had to face this (I don't want to give him the international recognition that feeds his ego, but...) "viral" episode, and dismissing it as a "dumb joke".

If only his and fellow Liberal policies could be dismissed as such.  Including yesterday's new (in other words, "another") approval process along with a bash at Harper's "loss of trust" in the process.  Low, bewildering, nauseating and unnecessary comment Catherine McKenna.

And the Words of O Canada Still Have Not Changed...

https://www.canada.ca/en/canadian-heritage/services/anthems-canada.html

Grade School Teacher or Prime Minister?

https://www.youtube.com/watch?v=rxO8QZAdkCY

Another Day, But Not Another Apology - Now It's Another Broken Promise: Justin's Shocking Reply to Veterans' Compensation

Where is the head shaking emoji? An incredibly politically suicidal response of a Prime Minister.

https://www.youtube.com/watch?v=VNg3acnGAsc

@VetsCanada

When You Do Not Recieve The Results You Want, Then Change the Rules...And Again

Once again, appeasing and bowing to the climate change "crusaders" and enviro-mental-ists, the Liberals are looking at ways to changing the approval regimes and processes...again.  Even though the Liberals have technically "approved" certain pipelines, they can now wipe their hands clean of all party responsibilty as the approval rules down the road have alrady changed once.

In the name of "stakeholders" and "independence", the Liberals in fact have their fingers all over the pipeline approval processes (and other large infratstructure industries), meanwhile appearing squeaky clean to those who only read the nearest copy of 24 or Metro for their "news" fix (their converted).

Similar to a street busking musician enticing his passers-by with a quick handed game of "where's the peanut", both domestic and foreign investment are left bewildered as to how this country wants to manage, monetize and heaven forbid extract the resources it has been blessed with.

http://business.financialpost.com/commodities/energy/big-moment-for-energy-sector-as-trudeau-set-to-unveil-sweeping-regulatory-reforms-within-days

The Curious Timing of Ontario Conservative Leader's Allegations: As the Media Portrays All Such Stories - Guilty Until Proven Innocent

With i) an upcoming election in the summer, ii) the current Premier's approval rating at a record low for any Ontario Premier, and iii) a particular legal spat (suing for libel) between Patrick and The Kathleen stemming from her time in a Sudbury courtroom in September, 2017 actually testifying (well, giving her accounts of events) in a case that involved her other fellow members of the Ontario Liberal Party and Patrick's subsequent comments ("a sitting premier sitting in trial”), is it not a little curious that these allegations have surfaced...now? 

(Obviously the media have not learned any lessons from a school girl's hijab cutting fib that made the media's and politicians' day for a short while, but as always the media is treating these allegations as "guilty until proven innocent".)

Regardless, the Ontario Conservative Party, the only force and option against Canadian voter apathy and to stop the nonsense of this gaffe-filled and out of control spending Liberal party, is now leaderless, and the only way for a Kathleen approval rating shot ahead of the election was something as drastic as this happening.  Did she and/or her Liberal cohorts have some hand in all of this? Or passively steer some media or actual alleged victims? We will see if there is a conclusion to the statement of claim filed or it is withdrawn. 

Unfortunately, the Ontario 2018 crystal ball now looks as such: might as well hand the Ontario election over to the Liberals now rather than go through the useless and time-wasting exercises of unnecessary campaigining, nauseating media coverage, meaningless polling updates and water cooler chat (if anyone actually cares about Canadian politics anymore).  Unless there is a colossal, Argonauts type of upset against the Stampeders in last year's Grey Cup, then hello higher taxes, more out of control spending, increased power rates and electricity bills, longer list of "sunshine list members", ever increasing borrowing and deficits.....