More Morneau...Oh No.

Do you think he had an idea of where the share price was heading after his little love in with the media yesterday? 

Coincidence Both Were Announced (To Overshadow the Other)? One More Backtracking Example from the Taxing Liberal Party Sprinkled With Morneau Conflict of Interest: That Makes Both the PM and The Finance Minister Hauled Into the Ethics Commissioner's Office

http://business.financialpost.com/news/economy/newsalert-liberals-to-trim-small-business-tax-rate-to-stanch-political-bleeding-2

https://www.facebook.com/AndrewScheerMP/videos/1759314834102261/

...And by the smirk on Justin's face, there is little regard for the Ethics Commissioner.

Backtracking or action from "consultations"? Let the (apathetic) Canadian voters decide, "...“When we made the commitment back in 2015 to lower small business taxes, we were very clear about one thing: we would only make this change after we took a look at the tax system. That’s what these consultations of these past months were all about...".  [Insert Justin's smirk, and things are fine.]

How can the Liberals take credit and call this a "tax cut" when in fact it was barely out of the consultation period as the Liberals were dragged through the mud and vilified for the higher rate....and not even passed into legislation yet!

Ah, the Liberal media spin machine.  The people behind it are good at what they do - cunning, bold and ruthless.  

As mentioned, "Trudeau campaigned in 2015 on a promise to reduce the small business tax rate to nine per cent from 11 per cent over three years — but he announced in Budget 2016 he would freeze the rate at 10.5 per cent, cancelling in the process a legislated reduction to nine per cent instituted by the previous Conservative government."

Real Estate Wars: A New Hope (Will This Band of "Rebels" Be Enough to beat the Dark Side?)

The fact that these three levels of government are actually acknowledging the real estate issue (pricing and liquidity) nevermind meeting face to face about it is incredible...and it only took about 20 years.  With exception of Morneau's and Tory's past business track records, this is more political baffoonery.  As mentioned in a past post, there are ways and means outside of foreign buyer taxes, more supply, first time home buyer incentives to address this issue.

As usual, a lot of promises, but the more important ones are the federally controlled issues.  Morneau has pledge access to information (in Justin's "fact-based" way of governing) and that the CRA would "dedicate resources to ensure compliance in the real estate sector", also indicating Capital Gains Tax is not on the table (when it should be, the Capital Gains Tax exemption is open to ANYONE who purchases and sells real estate in Canada.  If the different levels of government want to start cooling down the market, leave this cherished exemption only to Canadians!).  It appears that Morneau has  learned from Premier Christie Clark's split personality government, and "have agreed to refrain from introducing new measures for buyers which would impact housing price in the GTA by boosting demand".

No action or official comment until the upcoming Ontario Budget.  We wait and see on April 27th.

http://business.financialpost.com/personal-finance/mortgages-real-estate/little-doubt-foreign-buyers-are-pumping-up-victorias-housing-market-says-bmo-chief-economist

And in Victoria, BC...
http://business.financialpost.com/personal-finance/mortgages-real-estate/little-doubt-foreign-buyers-are-pumping-up-victorias-housing-market-says-bmo-chief-economist

I do not hear in the background, "Cue the music to Star Wars IV: A New Hope" (Luke, Han Solo and....Chewbacca?)

Well, not quite the "Dudget" as expected, but still smoke and mirrors around the recent 2017 Federal Budget

It appears that Liberal math has taken over again.

https://www.bloomberg.com/politics/articles/2017-03-27/trudeau-misses-goal-with-budget-math-canada-economy-watch

Deficit...Infrastructure Bank...No Matter What It Is Called, the Liberals Are Drunken Sailor Spenders

(from a much earlier post found in "draft" folder that appears I forgot to hit "send") 

See earlier post, "Like Father, Like Son", this elected Canadian federal government is out of touch and out of control.  Yes the Canadian economy is weak and slow to any recovery. Yes we are tied to the US GDP (which is weak and slow). Yes there are tens of thousands of Albertan oil sands workers out of work (I can hear Notley and Mulcair smirking).  Yes the unemployment rate in Canada is 7.0%....yes 7%.0!!!! Yet this government wants to "spend their way out of it" selling an infrastructure financial panacea, increasing immigration levels (unemployment? that's right...7.0%) and pressing on with seasonal foreign workers (remember 7.0%?). The Liberals' drunken sailor spending habits and fictional math skills are a toxic combination for all Canadians.

But if you live in Ontario, you also have Wynne ("The Kathleen") to deal with. One day after hallowe'en and I'm feeling spooked all over again! 

http://www.financialpost.com/m/wp/news/blog.html?b=business.financialpost.com/entrepreneur/fp-startups/trudeau-woos-investors-with-35-billion-infrastructure-bank&pubdate=2016-11-02

Deficit...Infrastructure Bank...No Matter What It Is Called, the Liberals Are Drunken Sailor Spenders

See earlier post, "Like Father, Like Son", this elected Canadian federal government is out of touch and out of control.  Yes the Canadian economy is weak and slow to any recovery. Yes we are tied to the US GDP (which is weak and slow). Yes there are tens of thousands of Albertan oil sands workers out of work (I can hear Notley and Mulcair smirking).  Yes the unemployment rate in Canada is 7.0%....yes 7%.0!!!! Yet this government wants to "spend their way out of it" selling an infrastructure financial panacea, increasing immigration levels (unemployment? that's right...7.0%) and pressing on with seasonal foreign workers (remember 7.0%?). The Liberals' drunken sailor spending habits and fictional math skills are a toxic combination for all Canadians.

But if you live in Ontario, you also have Wynne ("The Kathleen") to deal with. One day after hallowe'en and I'm feeling spooked all over again! 

http://www.financialpost.com/m/wp/news/blog.html?b=business.financialpost.com/entrepreneur/fp-startups/trudeau-woos-investors-with-35-billion-infrastructure-bank&pubdate=2016-11-02

Liberal Deficit Decade Ahead? With Ousted Mulcair and Resigned Harper, Fearful Election and House of Commons Times Ahead

While stretching before a run Saturday morning I actually tuned into this, yes the NDP federal convention.  More to practice my French listening (politicians typically speak clear and easily when trying to win over voters, or in this case a party wide crisis and leadership uncertainty). But then again, I do have this affinity for Canadian politics, CFL, Trailer Park Boys and all things maple.  Yes, guilty. I'm a proud Canadian and this one isn't saying sorry.  Regardless, I was curious what would be presented, and shocked to discover it was actually held in Edmonton, AB of all places!

Having listened to one partifular long serving member and read the following transcript, it appears it is time to pack up the NDP party or at the very least a necessary reinvention.  The organization is nothing more than a complaining, finger pointing, fund wasting farce that consumes too much time in the House of Commons and provides little benefit to Canadians and tax paying residents living in Canada. Effectively, Canada is a two party system and the "political system" along with the media have been generous enough to the likes of the NDP. 

If the NDP actually wanted to help the working class guy it would cease spreading misinformation about compensation from options and suppress a culture of "do no more than working 40 hours a week with scheduled breaks", do not work more efficiently than the guy next to you or Heaven forbid even suggest a simple yet innovative idea to those "rich" management members or CEOs. With the latest Liberal landslide victory, one of the latest buzz terms is "innovation", and for Canada that's a good thing to strive toward. However, the Liberals have yet to define what that means or how it is measured.  No matter what it is,  the NDP are killing all potential innovation with their vision of what Canada should be.

In a world where anyone can start an online business or blog and if successful even monetize this into a livelihood, where much larger companies are willing to pay aggressive multiples and premia for  unique blogs, online businesses, YouTube channels, etc. Mulcair would rather have all Canadians "working for the man"....and tolerating it.  In Mulcair's world there would be no Canadian bank leaders, nor the next innovative employer like BlackBerry, nor the next Thompson, Bronfman, Eaton, Irving or Molson family.

My father and mother, both retired, worked hard ALL of their working years, and thanks in part to a union provided a livelihood to our family (for which I can never be grateful enough to both).  Yes there are elements of the kind of working environments, wage standards, working conditions that are important and good thanks to unions and labour focused groups like the NDP.  But it is 2016 now. To call out a bank CEO for working 100 hour work weeks and travelling most of his career, away from family, etc. as a crime or even as a strong case of an individual "beating the system" is well offside. 

In fairness to the NDP it is positive to see the roots of bilingualism from two Montréal Anglos entrenched in to the party leadership (unlike my riding where in fact it has been a stronghold NDP riding with the torch recently passed from "The Libby" to Jenny Kwan, neither of which have demonstrsted any French skills or openness despite several emails to the MP's office, nor provide any in their updates that include up to four languages that are not part of official languages of Canada).  Although at the next English and French federal debates the next NDP leader is  likely to be mopped up off the floor as I do not know of any upcoming candidates that have the necessary bilingual fluency.  Especially since the party's stronghold and recent gains have been made in Quebec.

With the resigning of Stephen Harper and Mulcair now ousted, the opposition in total will now be leaderless for another year or two.  And  thanks to Canadians' complacency when they vote, opposition parties may find it difficult to launch any serious push no matter how many mountains will be moved or how obvious it is that any party would be better at Finance 101 than "the Justin" and Morneau.  Regardless, the Liberals are salivating.  As such, we may be in a for a long Liberal Deficit Decade and an ailing Loonie.

As it appeared from the National Post Wire Services, Sunday, Apr. 10, 2016...(towards the end it starts to sound like a bilingual Iron Maiden's  "The Trooper")

http://www.nationalpost.com/m/wp/news/blog.html?b=news.nationalpost.com/news/canada/canadian-politics/the-full-text-of-tom-mulcairs-speech-at-the-ndp-convention&pubdate=2016-04-10

"Bonjour tout le monde — good morning fellow New Democrats.

It’s always great to be back here in Edmonton, where Rachel Notley’s NDP government is building a stronger, fairer Alberta.
Laissez-moi commencer en disant à quel point je suis fier de notre parti.

...no foreign, economic, military policies......just environment, environment, environment, social programs, social programs, Marcia, Marcia, Marcia (see "Brady Bunch" zip born after 1980)

J’ai été impressionné et profondément inspiré ce matin par la qualité des échanges que nous avons eus sur la protection de l’environnement.

And it goes on....
(I have deleted previously posted text of his speech and replaced with the link above, too much real estate given up, but the low lights are below...)

...then more lies about tax avoidance due to our capital gains tax approved by Canada Revenue Agency that is open and available to all Canadians, residents and those working/investing here....

CEOs in Canada make, 200 times the wage of the average worker. And those same CEOs can use their stock options to avoid paying fair taxes, 
while over a million Canadian kids go to school hungry. That’s not right.

....then more whining (with more lies) like a spoiled kid in the school yard....

According to a report from the Broadbent Institute, 9 million votes cast during the last electon effectively didn’t count — because of Canada’s antiquated first-past-the-post system.

Of course, Conservatives believe the unfair status quo is just fine. Liberals, on the other hand, promised change, but they are already starting to backtrack on that as well.

...and this is where it starts to sound like a bilingual Iron Maiden's  "The Trooper"...

We can’t let them down. We can’t get distracted. We have to push forward.

If you keep standing with me, then together, we will never stop fighting.

So – stand with me … On va se tenir debout ensemble.

Stand if you want to fight to grow our party and strengthen our movement. Debout contre l’inégalité.

Stand if you want to unite progressives in Quebec with those in the rest of the country … Debout pour la paix.

Stand if you want to fight to build a country that generations of New Democrats, young and old, have dreamed of and organized for …
A Canada that is loving, hopeful and optimistic.