What counts

MATTERS modified

Yes, I know all about it. But this is my blog. So, sit.

I know that jilted Albertans have been seriously seeking ways of spanking Jimmy Prentice, and the election today might just do that. As a consequence the Tory dynasty could be cracked, fractured or even toppled hours after I post this. The consequences for the oil industry and the province itself may be memorable. But it also shows what happens to people when you mess with their heads. Like telling them they’re special. When they find out they’re not, duck.

And, yes, I know all about the Toronto real estate market which, unlike Calgary, is fully juiced. April sales topped eleven thousand (in an urban area of six million) and average prices were ahead 10% year/year. Interesting that the crown jewels of the market – detached houses in the 416 – actually fell in price during the last two weeks of the month. Moreover, all of the increase in April (about $15,000 on properties averaging $1.05 million) was attributable to that little interest rate nip we had in January, claims housing analyst Ross Kay. Like I keep saying, make money cheap enough and people will pig out. Houses are not worth more. Money’s worth less.

Of course, I also know stock markets stumbled mid-week as bond yields spiked. But you should have expected this, as interest rates are already creeping higher in the debt market. Restaurants and realtors in the US are flat-out busy these days, and a big hump in the services business is telling investors the winds are shifting. US treasuries have added a full quarter-point in recent weeks and European yields are rising. Suddenly everyone, except the myopics who come to this pathetic site, know what the Fed is going to do. They’re getting ready.

But, like I said, this is my blog. So suck it up and indulge me. Enough news. Time to talk about Sako.

Mike McKinnon is a critical care paramedic with BC Ambulance, stationed in Kamloops. “But fan of your blog,” he says, “but I have a more important topic to talk about.” Indeed.

One day last June Mike and his colleagues were called in their helicopter to the scene of a devastating car crash in heavy woods on the side of a mountain. Dead were three people. Alive was one, thrown from the vehicle when it careened over 100 meters down the slope, crushing the other occupants. The sole survivor, a teenaged boy, was incapacitated with a broken leg (the bone was sticking out) and collarbone. After 40 hours in the bush, without food, water or cover, he was critical.

So Mike and his crew landed and saved him. “It’s among the more rewarding calls I’ve done in my career,” he says, “because of the unique story and the degree of difficulty extricating the survivor.”

SAKO modified  The boy, named Joseph, would likely have been dead by the time the chopper was able to locate him, had it not been for Sako. He’d been in the wreck, too. The four-year-old German shepherd went into action, as Joseph repeatedly lost consciousness and lay helpless. Sako curled on top of the boy, clad only in shorts and a shirt, to keep him warm. He carried over wood so Joseph could light a fire with a lighter in his pocket. Sako helped drag the boy to a nearby creek for lifesaving water.

At night coyotes came. Sako took them on. As Joseph later said, “You could hear them fighting… the bushes just ruffling around. He came back, looked like he had a bite mark on his neck and that was it. So I laid him down beside me, made sure he was comfy and snuggled him up… and we fell asleep.”

On the third day, the boy says he gave up. That’s when Mike came.

“We transported the young survivor by helicopter back to Kamloops, but before leaving I made sure that Sako was safe!” he says. “I know you’re a big dog guy so thought I would share…” Subsequently, as you may have heard, Sako was inducted into the Animal Hall of Fame this week. Joseph had multiple surgeries, recuperated for months, and recovered. Below is a vid honouring the pooch.

Now, don’t you feel better about socialists, realtors and the bond market? That’s right. They don’t matter.

Courage and duty do.

241 comments ↓

#1 Shanks on 05.05.15 at 6:31 pm

First!

#2 turn of the tide on 05.05.15 at 6:31 pm

blog dogs or Garth, please help me out…

Everyone’s gotta start somewhere.. We’re both 36, finally finished paying off student debt. All money was going into debt repayment for years. Now, we’re debt-free. No assets. But can start saving.

Want to enter a diversified portfolio… but how when you’re just starting out?

What’s the steps when one is just starting to build up savings with the goal of investing? Say I’ve saved up 5K… makes more sense to put the whole 5k into a single investment vehicle (say an aggressive ETF) in a TFSA and do that for next 5K chunks that come along towards bonds, etc, etc? Or better to break this tiny 5K into 40/60 millennial portfolio? Then further break down each deposit into the diversified options? If I am able to save about $750/mo what’s the best course of action?

#3 Forzudo on 05.05.15 at 6:35 pm

Good boy!

#4 ShawnG in TO on 05.05.15 at 6:36 pm

capitulation Mr T, capitulation

and what follows that will come this autumn

#5 Julie K. on 05.05.15 at 6:37 pm

Bravo, Garth, Sako, Mike and Joseph, Bravo! All for very different reasons but kudos warranted nonetheless.

Leads me to suggest a new Hallmark holiday.

Dog’s Day.

Beats Mother & Father’s Day by a long shot.

#6 mitzerboy aka queencity kid on 05.05.15 at 6:37 pm

sako looks and acts just like my old dog.
he will be crossing the rainbow bridge soon.

happy cinco de mayo

#7 Shawn Allen on 05.05.15 at 6:39 pm

Good Doggie!

#8 BottomsUp on 05.05.15 at 6:45 pm

Bank of Canada proposes tweaks to guard against financial crisis
http://www.ctvnews.ca/business/bank-of-canada-proposes-tweaks-to-guard-against-financial-crises-1.2359725

Garth – your thoughts on this please.

#9 TS on 05.05.15 at 6:45 pm

I would like to see a chart of who’s buying houses in Toronto for $700,000 – $800,000 with

1.) Down Payment Size (and where they got it)
2.) Family Income
3.) Debt Ratios
4.) Age / Number of Kids

It would probably be eye opening

#10 zedgt87 on 05.05.15 at 6:48 pm

I nominate sako to be the fed chairdog

#11 KW on 05.05.15 at 6:48 pm

The central banker who talked too much

http://rabble.ca/blogs/bloggers/progressive-economics-forum/2015/05/central-banker-who-talked-too-much

#12 Bill Gable on 05.05.15 at 6:51 pm

I think that our four footed friends make this life worth living.

This post was a great tonic – badly needed.

Vancouver has gone mad. l cannot believe how expedient Harpo is – first bread and circuses – and then a lot of people will be fed to the lions.

#13 lurker on 05.05.15 at 6:57 pm

SAKO!!!!

Good job boy!

#14 JustMe on 05.05.15 at 6:58 pm

Housing sales decline for fifth straight month in Calgary

In releasing its monthly MLS stats, CREB said the benchmark price in the city — what it describes as properties typically sold in the market — rose by 1.85 per cent to $451,600.

http://calgaryherald.com/business/real-estate/housing-sales-decline-for-fifth-straight-month-in-calgary

#15 Renter's Revenge! on 05.05.15 at 7:00 pm

No comments yet?

Everyone’s too choked up to say anything!

#16 j0n on 05.05.15 at 7:01 pm

Garth, you’re a lot like Sako:

1. You keep us warm with your wit
2. You carry over facts so we can draw our own conclusions
3. You help drag us toward the river of diversification for wealth saving water
4. You keep the wild and cowardly Realtor-oyte’s® at bay as they skulk in the shadows of night, fighting off their advances as they prey on the helpless, hormone filled spouses across the land
5. You’re loyal and courageous.

You, sir, should be inducted into the Real Estate Hall of Fame!

#17 Entrepreneur on 05.05.15 at 7:04 pm

Pets takes a person in a different direction. Calms the mind and soul. Love animal stories and Sako made my heart move. Sako is a hero.

Will be watching the news tonight on who wins in Alberta. Get out and vote you young people who will be running the world tomorrow. You have the internet, you have more control, more power. And the earth and the environment needs your help. You know that, go vote.

#18 Greg on 05.05.15 at 7:06 pm

Best post ever Garth? Thanks for the perspective.

Love dogs and paramedics!

#19 JustMe on 05.05.15 at 7:06 pm

Alberta’s housing sector is hurting, but it’s no 1980s flashback

The oil slump is sure to bruise Alberta’s housing market, but don’t expect real estate in the province to absorb another 1980s-style drubbing, says an internal federal government analysis.

http://www.calgaryherald.com/business/Albertas+housing+sector+hurting+1980s+flashback+feds/11023945/story.html

The 1980s downturn in Alberta happened years before the price of oil dropped suddenly in 1986. That’s because of the federal liberal party’s National Energy Program (NEP).

http://en.wikipedia.org/wiki/National_Energy_Program

This time around the Alberta economy will react to the drop in oil prices without federal government interference. Whether there is provincial government interference will be determined at the polls tonight.

#20 Republic_of_Western_Canada on 05.05.15 at 7:10 pm

This goes to show you the value of proper personal protection equipment, whether you’re simmering sauce or careening near Kamloops.

In the kitchen with hot pots? Overalls or long heavy dress c/w steel-toe boots (yes) should be ‘de rigeur’, with heat gauntlets, face splatter-shield, and fire extinguisher quickly accessible for use. And the cats, kids and other distracting livestock must be kept outside. The only time you should be socializing in the kitchen is during house parties.

It’s amazing that people think a 30-pound pot of boiling liquid falling to the floor after getting a burned hand is somehow less consequential than a similar accident in a welding shop, just because you can pour it over spaghetti. (Or that an invasion of colored foreigners flooding the country has less impact than the mongols did just because some Ottawa bureaucrat stamped a couple forms to meet quota.)

Any amount of aggressive driving in the ‘bergs requires suitable protective structures too (rollcage, retrieval equipment, etc); various heroics notwithstanding. Been there, seen that.

This is serious life. If you’re not paying attention and are not prepped to deal with your world falling in, it’s gonna hurt.

#21 crowdedelevatorfartz on 05.05.15 at 7:11 pm

Doggy treats for life!

#22 ANON on 05.05.15 at 7:13 pm

Rates.Spike
Here.We.Go!

#23 Burnaby gardner on 05.05.15 at 7:16 pm

Garth, thank you for posting this.

#24 Smoking Man on 05.05.15 at 7:17 pm

Now you know why this is a dog BLOG.

Nice going SAKO!!!!

#25 Interstellar Old Yeller on 05.05.15 at 7:19 pm

Screw houses, what my family needs is to own a dog again.

Or, rather, to have a dog own us. :-)

Sako, you are a wonderful pup.

#26 notadogperson on 05.05.15 at 7:24 pm

Still hate dogs. For every life saver, there are a thousand disease spreading, pooping everywhere, noisy, child biting, unleashed in parks, allergy causing, monsters out there.

Brought him wood? I call BS. How is a dog supposed to know about wood and fire. The kid probably hallucinated that part. I can believe it helped him get water and kept him warm though. Still don’t like dogs.

#27 ANON on 05.05.15 at 7:26 pm

BTW, Garth, the dog story did not go unnoticed to faithful readers. I suppose it is no coincidence, right?

#28 polecat on 05.05.15 at 7:31 pm

Thank’s to all first responders and that incredible dog.

#29 Contrarian Coyote on 05.05.15 at 7:32 pm

Great post and thanks for the story about Sako.

#30 bdy sktrn on 05.05.15 at 7:34 pm

#26 notadogperson on 05.05.15 at 7:24 pm

Brought him wood? I call BS.
———————–
we sure don’t doubt your handle!

but the dog people have this magic trick with their pets it works like this

human:”get the stick. go on boy , get it!”
dog: goes and gets a stick

(also will work; “where’s the stick” “who’s got a stick” or just “stick”)

it’s a dawg thang.

#31 mitzerboy aka queencity kid on 05.05.15 at 7:34 pm

@ notadogperson on 05.05.15 at 7:24 pm

so much hate …. not good for u

#32 Nicolas on 05.05.15 at 7:37 pm

California was a mess. Then a Democrat took over.

#33 bdy sktrn on 05.05.15 at 7:40 pm

see
https://www.google.com/search?q=dog+with+stick&espv=2&biw=1745&bih=868&source=lnms&tbm=isch&sa=X&ei=wlRJVfidOZKkyASUqYCICA&ved=0CAYQ_AUoAQ

#34 Republic_of_Western_Canada on 05.05.15 at 7:40 pm

#2 turn of the tide on 05.05.15 at 6:31 pm

blog dogs or Garth, please help me out…

Everyone’s gotta start somewhere.. We’re both 36, finally finished paying off student debt. All money was going into debt repayment for years. Now, we’re debt-free. No assets. But can start saving.

Want to enter a diversified portfolio… but how when you’re just starting out?

What’s the steps when one is just starting to build up savings with the goal of investing? Say I’ve saved up 5K… makes more sense to put the whole 5k into a single investment vehicle (say an aggressive ETF) in a TFSA and do that for next 5K chunks that come along towards bonds, etc, etc? Or better to break this tiny 5K into 40/60 millennial portfolio? Then further break down each deposit into the diversified options? If I am able to save about $750/mo what’s the best course of action?

At his point, above all, concentrate on saving. Even into cash. Your cash flow from employment is far and away greater than what could be generated by chasing yield or stock price increases. Especially during an era of ZIRP and the threat of deflation.

The more money you have, the more effort and attention should be allotted to it. To the point that investment returns start to equal net wage savings, and even beyond.

But at the beginning, just put it into something simple and very conservative.

#35 SWL1976 on 05.05.15 at 7:40 pm

Amazing creatures with good charater. Too bad we couldn’t elect Sako in the next Federal election

Good work Sako

#36 I hate dogs and especially their owners on 05.05.15 at 7:41 pm

Yeah, yeah, good for Sako and nice to see he comes from a more rural area, where dogs belong.

It seems the politically correct thing to do here for the incredibly schooled suck-ups like Smoking Man is to drool all over our host and his penchant for puppies.

Pathetic. Not for me, thanks.

Service dogs? Great, and a wonderful social resource.

But 99.99999999% of all urban dog-owners are useless
&$#^heads who selfishly never pick up after their mutts if they think no one is looking, let them go off leash even where illegal (“oh, it’s okay, he won’t hurt your child”) and generally act like entitled idiots.

Don’t even get me started on all the stupid hipsters in Toronto condo-land with their dogs in areas where there is hardly any green space, always trying to find a way to bring their dogs into stores and restaurants. Or the neighbours who let their four-legged disease-carrying parasites yap outdoors late evenings and early mornings.

Did I mention 99.99999% of all urban dog-owners ought to be whipped?

And urban license fees should be at least $2500 annually, so we can actually enforce all these lawbreaking idiots.

Your dog is illegally off-leash, or craps on my lawn?

Euthanize it. Problem solved.

PET DOGS DON’T BELONG IN CITIES!!!!

PERIOD!!!!

#37 [email protected] on 05.05.15 at 7:41 pm

Now, don’t you feel better about socialists, realtors and the bond market? That’s right. They don’t matter.

Courage and duty do.
————-
Corny.

#38 mnpr on 05.05.15 at 7:41 pm

Heartwarming story. Dogs, their innocence (generally) combined with unconditional love bring much joy to life. My wife and I (and 3 kids) enjoyed the company of a beautiful golden retriever (Lucy) for 11 1/2 years. She’s been gone for a few years now but whenever we see a goldy we can’t help but want another one, and would except we’re retired now and just don’t want to be tied down with the responsibility of a pet. So we enjoy our kids’ (and their familys’) pets now.

Consider myself a “centrist” voter and have voted PC most times (but not always) in previous AB elections…. but just could not bring myself to do it this time. Am awaiting the results with a certain amount of trepidation.

#39 Washed Up Lawyer on 05.05.15 at 7:43 pm

#15 ALBERTASTROPHE on 05.04.15 at 6:28 pm
The NDP surge continues unabated…..

My friend, Washed Up Lawyer, you might want to get your chequebook ready to settle our wee gamble here :)

Don’t worry, it’s only $20,….
************************

I just went on the Fort McMurray SPCA website and donated $20.

It was in tribute to SAKO.

If I were to try and treat that as satisfaction of our wager in the event of the NDP gaining 44 seats or more as well, would you just view me as a chiseler?

#40 Don on 05.05.15 at 7:44 pm

Thanks Garth, great blog to bring us back to earth.

Thanks Sako!

#41 Dogs are the best! on 05.05.15 at 7:45 pm

Thanks for sharing. My dogs are very loyal too. More so with my wife but they know who throws the bones.

That picture had me guessing at first. Looked like that woman was having a cat dinner.

#42 crowdedelevatorfartz on 05.05.15 at 7:45 pm

@#26 notadogperson
“Brought him wood? I call BS. How is a dog supposed to know about wood….”
++++++++++++++++++++++++++++++++++++
Well I beg to differ. Have you ever seen a person say “stick! fetch the stick!”. Wouldnt take to long to have a pile of wood.

I have friends whose dogs will bring them newspapers, slippers, leashes, etc. All without pointing or seeing the object named. Not all dogs are undisciplined, untrained, brainless savage idiots like their owners. They’re just mimicking their human masters.

Change your name to “UrineOdourbasementDwellingCatHoarder”

#43 Cici on 05.05.15 at 7:47 pm

Beautiful story, thanks for sharing Garth. Lots of miracles in that one: hate to think what could have happened if the dog hadn’t have survived that crash to take care of the boy.

We should never underestimate our animal friends; even my spoiled and bratty little Kitty has come through for me in times of need ;-)

#44 geogar on 05.05.15 at 7:50 pm

Definition of Socialist; Courage and Duty!

#45 I hate dogs and especially their owners on 05.05.15 at 7:51 pm

….and dogs have no more autonomy and self-respect than a Harper cabinet minister….

Here Poilievre, here Ambrose, here Clement, here Van Loan….JUMP! Go fetch! Do as I say!!

Good boy! Here’s your milkbone!

#46 Joe2.0 on 05.05.15 at 7:52 pm

Good to put things in perportion, like the subprime loans being offered down south.

#47 Sideshow Rob on 05.05.15 at 7:57 pm

Real definition of socialist…
Courage and Duty to freely spend other people’s money!

#48 miketheengineer on 05.05.15 at 7:59 pm

Garth et al:

So touched by the Sako story. A dog is a man’s “only” friend.

We lost our pouch in Dec. Then we went out a got another one within 30 days. The right dog, is a family focal point, and a joy to have around. They are a lot of work….but the work put in does not equate to the joy they put out….because they return it 10 fold.

Mike

#49 Bobs ur uncle on 05.05.15 at 8:00 pm

Great story – warms my heart.

As to the dog haters – I am sorry that you feel the need to crap on a positive story. Is your world that bleak? Maybe you need a hug?

#50 Ray Vasquez on 05.05.15 at 8:04 pm

To #22 ANON

Rates spike from what? The crappiest, lowest yields and interest rates that every 3 to 5 years are lower now for 35 years now.

They will go up but will always be less than 2010, 2011, 2012 etc. Just 8 years ago, we had 5% GIC’s and government bond yields.

Just 13 years ago we had 5.5% GIC’s and 6% government bonds. Wait, keep waiting to get less and less.

They are at least 40% to 50% lower now and suckers for those who waited!

This is how they keep their debt at at low cost at the expense of savers, fixed income, fixed interest investors.

#51 Goldie on 05.05.15 at 8:04 pm

#26:

I just say “where’s your stick”, and my dog grabs the largest nearby piece of wood around and brings it to me because she wants to tug-of-war with it. It’s possible that this kid’s dog is trained in a similar fashion. German shepherds are one of the most intelligent dogs.

#52 Nagraj on 05.05.15 at 8:09 pm

People who die without ever having had a close rapport with an animal, die without ever having become fully human.
And know this, that the very deepest level of Hell is reserved for people who are – or could be – cruel to animals and children.

#53 nonplused on 05.05.15 at 8:14 pm

What a great story except for the people who didn’t survive. Great dog.

The part about gathering firewood seems far fetched but it is possible since these folks are outdoors a lot Sako may have been previously trained to do so.

My dog is always very interested in firewood when I am chopping it. He’s not as helpful as Sako, preferring instead to take my chopped pieces and build his own little disorganised pile. Then if I gather them back up and put them on the big pile, he’ll come get them again and rebuild his pile usually taking almost the same pieces. So dogs can do a lot of interesting things especially if they are trained.

He’s dumb as a lug nut around the fire though and I am surprised he hasn’t burned his tail fur off.

#54 Squirrel meat on 05.05.15 at 8:15 pm

Bye bye PCs. Let the commie reign begin.

Dogs are spectacularly loyal and trusting.

https://nationalpostcom.files.wordpress.com/2015/05/01x008_59dd_9.jpg?w=940

#55 PM on 05.05.15 at 8:16 pm

The oil slump is sure to bruise Alberta’s housing market, but don’t expect real estate in the province to absorb another 1980s-style drubbing, says an internal federal government analysis.

That’s like saying “The 2008 financial crisis wasn’t as bad as the Great Depression”. While it’s true it undersells the severity of the matter. Sure, things have been worse at some time for some people. This is still gonna suck.

BTW, how the hell can sales drop, listings rise and the benchmark price go up?

#56 JG on 05.05.15 at 8:16 pm

Great read, Garth.

too bad Sako lives in BC. He probably could have run and won the Premiership in Alberta. He certainly would have been the best candidate.

#57 gary from Halifax on 05.05.15 at 8:18 pm

Garth
Many thanks from this long time reader on the story of Sarko. What a wonderful ending, and what a wonderful dog. Cheers..

#58 Setting the Record Straight on 05.05.15 at 8:22 pm

“The PC Party of Alberta has shown so much corruption, I think that is the reason why Mr. Obama hasn’t approved the Keystone Pipeline, he doesn’t want to deal with people like that.”

ha ha ha ha ha ha ha ha haha ha
Who knew? Somebody from Saturday Night Live reads the Blog.

#59 PM on 05.05.15 at 8:24 pm

Approved overseas purchases of Australian homes more than doubled to A$34.7 billion ($32.9 billion in Canadian currency) in the year ended in June

Read more: http://www.vancouversun.com/business/Vancouver+lacks+effective+control+over+rising+house+prices/11028564/story.html#ixzz3ZJUHABkI

Australia tracks foreign property ownership. It doubled in a year (on a value basis). Do we still really believe that it’s not a factor in Vancouver prices? Do we really believe banks are lending the average buyer with $70K income enough to buy the average house at a cost of $1M?

#60 prairieboy43 on 05.05.15 at 8:24 pm

Good Dog. Fighting off coyotes. 10 yrs supply of soft food coming up.
Parents sold home in St. Albert. Sold in two weeks. Good offer, accepted.
They want to move to Vancouver Island. Convinced them to put there stuff in storage for a year. Rent, check places out. They listened.

#61 Diebold Vote Counting Machine on 05.05.15 at 8:27 pm

do not worried humans of Alberta I have already been programmed with the election results

#62 Sheane Wallace on 05.05.15 at 8:30 pm

https://ca.finance.yahoo.com/news/bank-canada-proposes-tweaks-shield-system-future-financial-165230155.html

She looks very determined. And stupid.

Wilkins has to go back to school. Money has price (interest) and central banks by providing ‘liquidity’ suppress market discovery mechanisms, build dependency on credit, contribute to price inflation and screw savers.

#63 John in Mtl on 05.05.15 at 8:34 pm

Most of us wouldn’t survive without our faithful furry and feathered friends. Some we keep as companions, the others we eat. How often do we forget we are part and parcel of this mother earth, from which all comes from. Man is the only living creature that lives in an artificial environment. Yet, for all its amazement, its still very artificial.

Thanks, Garth, for reminding us of what really matters -:).

#64 John in Mtl on 05.05.15 at 8:34 pm

@ #16 j0n on 05.05.15 at 7:01 pm

Love your comment!

#65 BG on 05.05.15 at 8:36 pm

I love dogs.

I – actually my parents – had a one during my childhood, and another during my teenager years and early twenties.

I may get one if I ever succeed in not having to go to work every day (and not let it home alone).

#66 Sheane Wallace on 05.05.15 at 8:40 pm

BTW BOC is f…ng with our money, as we are stupid enough to keep them in CA dollars.

Liquidity implies banks have no reserves (yes, our stable banks have no reserves as BOC is providing ‘liquidity’ that really serves as reserve allowing for bans to land all the deposit money they have, without retaining and bank reserves, they only comply with Bazel 3 capital requirements, not the reserve one) and BOC is completely overriding the markets suppressing interest rates and screwing savers. Hell I woun’t keep Ca dollars for less than 6-8 % interest yearly, the sucker just loss 20 5 in few months.

#67 4 AM Sunrise on 05.05.15 at 8:47 pm

I heard a legend from the 80’s about a Chow Chow in Asia who bit his owner badly enough that he missed his flight that day. The next morning, he found out the plane crashed into a mountainside. Chows sure are a mystery.

#68 Smoking Man on 05.05.15 at 8:51 pm

I hate dogs and especially their owners on 05.05.15 at 7:41 pm

Ha nice rant.

Only thing worse than a dog hater is a cat lover.

#69 cynically on 05.05.15 at 8:51 pm

Re postings by same person at #s 36 and 45 — you got it partially right the second time but you neglected the other two principal parties.

#70 Sheane Wallace on 05.05.15 at 8:53 pm

Will there be negative interest rates? You betcha, at least until people stop accepting their confetti. Negative interest rates works for confetti but never for money.

#71 Smoking Man on 05.05.15 at 8:53 pm

Ok back to serious shit.

Former NASA Astronaut talks about the UCC
Brian OLeary” on YouTube

https://youtu.be/PraLm46PHHs

#72 Andrew Woburn on 05.05.15 at 9:02 pm

37 [email protected] on 05.05.15 at 7:41 pm
Courage and duty do.
————-
Corny.
======================

Spoken like a real man. Stay drunk.

#73 Italians love real estate on 05.05.15 at 9:07 pm

The one thing I love more than real estate is dogs.

My dog has plenty of land to roam around on.

#74 MSM-free Zone on 05.05.15 at 9:09 pm

“….Recall a few months ago when Mr. Poloz warned us that the Canadian real estate was overvalued by as much as 30 per cent and that a possible correction (read: crisis) may be around the corner?….”

“….Well, now, it seems Mr. Poloz has changed his tune. Apparently, no such bubble exists in the Canadian real estate: high housing prices are reflecting the fundamentals…..”

“….And remember just last month when in an interview with London’s Financial Times, Mr. Poloz described the Canadian economy as “atrocious”? Well now, apparently, apart from the oil industry, it’s “doing well…..”

http://rabble.ca/blogs/bloggers/progressive-economics-forum/2015/05/central-banker-who-talked-too-much
_________________________

Priceless. You can’t make this stuff up.

What was on this guy’s résumé? Flipping omelets?

#75 MSM-free Zone on 05.05.15 at 9:12 pm

……great story Garth.

And, to all the narcissistic sociopathic dog-haters this evening, have yourself another cup of antifreeze. No, make it a double.

#76 Squirrel meat on 05.05.15 at 9:18 pm

A dog would clean up the mess in a jiffy.

#77 whitehorn on 05.05.15 at 9:18 pm

#17 Entrepreneur

“Will be watching the news tonight on who wins in Alberta. Get out and vote you young people who will be running the world tomorrow. You have the internet, you have more control, more power. And the earth and the environment needs your help. You know that, go vote.”

I fully agree, and hoping for better participation, unfortunately the 18-35 age are known as the least likely to vote. I recall a University Prof. during election day 20 years ago in Alberta before class, mentioned to us students to exercise your vote as for those reasons, and this still remains historically a low voter turnout group. All I can say, make the best effort to vote, at least can’t complain with the results.

#78 Washed Up Lawyer on 05.05.15 at 9:19 pm

#71 Smoking Man on 05.05.15 at 8:53 pm
Ok back to serious shit.

Former NASA Astronaut talks about the UCC
Brian OLeary” on YouTube
*************************

I watched the video. Good stuff. Tomorrow the “visitors” assume control of the Alberta legislature.

Pacing the floor until 8:30 to see the results come in.

Like all Canadian elections, tonight is a good excuse for drunkenness and a fist fight.

#79 Nemesis on 05.05.15 at 9:26 pm

#ElBerTah… #ALawless&PrimitiveTerritory… #Until… #Chinook!

http://youtu.be/_bZ0X80Vw28

#80 omg the original on 05.05.15 at 9:27 pm

#2 turn of the tide on 05.05.15 at 6:31 pm

blog dogs or Garth, please help me out…
———————————

Uncle OMG’s rules for investing

1) Read man, read. Go to the library and get some books about investing – NOT books about gold or how to trade your way to millions – that is pure speculation.

2) do not get your investment advice from the comment section of a blog (or anywhere else on the internet)

3) have a look back over what GT has to say on this blog about long-term investing and asset allocation (diversified portfolio) – its good stuff

4) whether it is TFSA or RRSPs that you want to invest in really depends on your personal situation – you do not have enough money for a fee based financial advisor so that is where you have to learn what suits you best.

5) nobody knows the future, so people claiming to know what is going to happen over the next 6 months or 6 years are simply guessing

6) expect to average 5-10% per year – that’s average – some years it will be a lot more some years a lot less

7) anyone that says they have a trading system or some other magic that can earn you 15, 20, 25% or more per year are just trying to sell you something. I am not saying its impossible to earn that but nobody that can earn that would ever let their secret out.

8) NEVER, NEVER buy mutual funds – the fees will kill and on average returns are not better than passive funds (ETFs)

#81 rawdiswar on 05.05.15 at 9:28 pm

Way to appeal to pathos Garth, and good for Sako.

An observation about the Millennial obsession with real estate. It takes up all the emotional energy of the mortgage slaves. Try getting a home owner to talk about anything other than houses, or renos. Damn near impossible. It’s like housing has become a black hole of what would have been creative energy, but instead it gets wasted at Home Sense. I’ve got two sets of friends, one group is open minded, has energy and is interested in living, and the other group is constantly concerned with their little plywood shacks and making improvements to them.

What a way to spend your youth.

#82 Freedom First on 05.05.15 at 9:28 pm

Right on Sako!!!

As a man who has had dogs from puppydom to old age, I have often admired dogs for how happy they are. How they wiggle and squirm with joy every time you come home to them.

I find it sad that the majority of people live lives full of stress, misery, and unhappiness. If you’re not as happy as a well treated dog, you’re doing something wrong. And if you are a healthy adult, and not happy, you are doing it to yourself.

#83 joblo on 05.05.15 at 9:32 pm

Heard today: Orange is the new Blue!
Garth you speak of 6 pack abs, but isn’t I heard a Keg is better?

#84 What counts | Realties.ca on 05.05.15 at 9:34 pm

[…] Source: http://www.greaterfool.ca/2015/05/05/what-counts/ […]

#85 Josh in calgary on 05.05.15 at 9:44 pm

#2 turn the tide,

Open up a self directed TFSA so you pay no tax on the gains. For small amounts you should be in mutual funds so the trade fees don’t eat your lunch. You can get self directed versions of the mutual funds so the Fees won’t be too bad. So for $5k put $1k each into a government bond fund, corporate bond fund, Canada fund, U.S. Fund and international fund.

Done.

Because they are mutual funds you won’t pay trade fees when you add each month. Then when you have more money you can switch to ETFs (when the trade fees are no longer bigger than the mutual fund fees).

#86 GenXer on 05.05.15 at 9:48 pm

No discussion of the worst trade deficit in history? How long can the consumer carry our economy? Interesting times…

#87 omg the original on 05.05.15 at 9:50 pm

BILL GROSS’S COMMENTS ABOUT THE 35 YEAR CANADIAN HOUSING BULL MARKET

Oh sorry his comments were actually about the equity markets.

But the same could be said for Canadian housing.

In Vancouver and Victoria for example house prices started to appreciate faster than inflation (which is the long run norm) in the mid 1980s. While there have been some short periods of flat prices and even minor contractions, basically it has be a very robust uphill ride. The house your parents bought in 1985 for $100K is now worth $1 million in Victoria, or $1.5 million in Vancouver.

Even TO, other than the nasty correction of the 1990s has had a huge bull ride for the last 35 years. The house you paid $200k for in 1985 is now worth well over $1 million.

So you gullible souls that “hang your hats” on Bill’s outlook for equities, may want to consider what it could imply for your precious, and usually over-levered and over concentrated, investment in Canadian housing. The same factors that he points to that could impact equities could also kill real estate values.

#88 espressobob on 05.05.15 at 9:50 pm

What’s wrong with a serval or ocelot in ones household? Their sweet, cuddly and quite vicious. My kind of pet!

#89 Yoda on 05.05.15 at 9:57 pm

#71 Smoking Man on 05.05.15 at 8:53 pm
Ok back to serious shit.

Former NASA Astronaut talks about the UCC
Brian OLeary” on YouTube

https://youtu.be/PraLm46PHHs
….

His eyes that man had a crazy look in. He trusted cannot be.

No updates on Junior smoking man… Has he been banished from forex?

#90 [email protected] on 05.05.15 at 9:58 pm

Aren’t Canadians awesome ? We treat and feed dogs better then homeless people! screw world hunger my dog needs a new sweater and booties! Idiots.

#91 Yuus bin Haad on 05.05.15 at 9:58 pm

All of the Purina stories are worth a moment away from the madness. Here’s another one:

https://www.youtube.com/watch?v=S2nlN3eBEr8

#92 Smoking Man on 05.05.15 at 9:58 pm

What Dogs and Humanity have in common.

Excerpt from my book. Smoky in the pool at the Flamingo in Las Vegas.

I spark up a smoke to compliment this salt rush. I take a Marlboro down fifty percent on my first drag.

Just As I reach over to ash it, two slightly wet and cool balls of softness push against my shoulder blades. My utopia is interrupted with salt induced terror, salt is Alien Heroin, is this a zombie grandmother looking for a boost out of the pool?, or a huge fat gay man looking for a Vegas story to share at a bath house.

I turn, to my delight a gorgeous brunette with fake eyelashes, running mascara, specks of glitter on perfect cheekbones. She has the biggest blue eyes I’ve ever seen on a human. She’s two fisting a couple beers, and is struggling to put a sentence together.

“Hi handsome, do you all happen to have an extra cigarette.” She said.

I didn’t say a word, I shoved a Marlboro into her mouth and reached back for my lighter, Ashman nearly knocks me over in his rush to light it for her. All of a sudden this bastard has become considerate, developed manners, after years of douchebaggery.

“My name is Claire, I’m from little old Texas, where are you from Handsome?” she said to me.

With the salt kicking in hard, void of inhibitions. For reasons unknown, I decide to break mission code and tell the truth. I’m unable to take my eyes off those Spectaculos, perfectly round and natural. They are hanging by a tiny thread; most males would be having depraved thoughts on what they were going to do with those twins. But I’m a scientist first, I try and calculate how much more load those tiny strings could hold. “I’m from Nectonite.” I said

“You’re not shy are you, I’m up here handsome, is that town in Cacanada” She slurs with a warm inviting smile.

“It’s a planet one billion light years away, it has a high concentration of nicotine in the atmosphere, we can’t live without it, that’s why I’m chain smoking all the time. We landed here on Sept 20th 1957, to study you after you exploded a nuke. How do you bastards welcome us, we nearly got shot out of the sky by two F86 fighters over the peace bridge near Buffalo New York, Google it.” I said.

“Ha, das the best pick up line I’ve ever heard, you don’t look wike an Alien.” the drunken, slightly cross eyed big breasted beauty said.

Holy shit, she’s taking like daffy duck. She presses hard against my body, her face less than two inches away from mine. The aroma of weed, whisky and tobacco is overbearing.

I say to her. “We are just like humans, except our IQ is ten to twenty times higher, we have slightly bigger heads, and our package, well it’s impressively larger. We are here to eradicate your entire species.”

“Why would you do that?” She said.

“We created humanity on our planet because we became prosperous and lazy, robots couldn’t do all the work. Rich and powerful men wanted mistress that could not read their minds. Huge capital was invested. Our best scientist spliced up some dog DNA with ours and created a dumber version of ourselves that would be easy to program, follow orders, obey and serve.”

“Huh.” She muttered.

We thought we had the perfect slaves, till some of your ancestors started rebelling, becoming violent, merciless killers. Some speculate a few mutated. A decision was made to kill your ancestors but was overruled by the newly elected bleeding heart Liberal counsel. So Two hundred thousand years ago we loaded them all on a space ship, and sent them to earth.

#93 dogman01 on 05.05.15 at 9:59 pm

Alberta Votes

In Prentice’s riding. I think I like him, but can’t vote for them anymore.
Had 40+ years to take a long view approach and they just frittered it away, no Heritage Fund, one industry, could not fix Health Care (maybe they want it to fail). Good times due to oil, not sound management, they let infrastructure slide, royalties far too low.
They want to heat the tar dirt up and send it down a pipeline instead of do some value add refining here.

The Wildrose is just more of the same conservative stich, same Fraser Institute, Manning Foundation, nasty , approach.

Just has not trickled down.

If the CEO’s are on their side, well I have nothing in common with those guys.

#94 tkid on 05.05.15 at 10:07 pm

It took me a while, but I think I understand the photo. She spent hours making that sauce, the pot spilled, it’ll take hours cleaning the sauce up, but her cat is keeping her company while she needs the moral support. She’s probably about 12 seconds away from picking the cat up and cuddling it.

Pets can save us, in big ways like Sako, and in small ways like kitty.

#95 Rural Rick on 05.05.15 at 10:08 pm

My experience with dogs has lead me to believe that your dog is just about as smart as you will let it be.

#96 Don on 05.05.15 at 10:10 pm

Thanks for the story Garth.

Puts life into perspective.

Glad they both made it! Reminds me of a scene from the ‘Littlest Hobo’. Ah the days of good clean shows and semi clean politics.

#97 fleabitten monkey on 05.05.15 at 10:11 pm

Global news tonight – Chinese money moving into Victoria/Sidney Vancouver Island, selling more safety at a fraction of the cost. Estimating Chinese demand about 5 yrs behind vancouver. Better get in now, create the urgency msm.

#98 Smoking Man on 05.05.15 at 10:16 pm

#89 Yoda on 05.05.15 at 9:57 pm
#71 Smoking Man on 05.05.15 at 8:53 pm
Ok back to serious shit.

Former NASA Astronaut talks about the UCC
Brian OLeary” on YouTube

https://youtu.be/PraLm46PHHs
….

His eyes that man had a crazy look in. He trusted cannot be.

No updates on Junior smoking man… Has he been banished from forex?
…….

For now, I got the account up to 130k, cashed out, gave him 10k 2k more than he made, he’s going to school for 3 months with out a check. I put the 120 in my gambling ACCOUNT. To be thrown away in Vegas in June. Live twitter feeds.

How you doing.. Yoda, bit worried about you.

#99 ETF trader on 05.05.15 at 10:21 pm

Even if you only have 5k there is no reason to start with mutual funds or brokerage account at a big bank. Open an account at Questrade or similar and buy ETFs without paying commission.

#100 Calgary is AWESOME on 05.05.15 at 10:23 pm

PCs surging ahead already!

#101 Calgary is AWESOME on 05.05.15 at 10:30 pm

Commies fighting back bigtime!

#102 Tucker dick on 05.05.15 at 10:37 pm

NDP it is. The people should of visited Manitoba and Winnipeg before voting.

#103 Smoking Man on 05.05.15 at 10:38 pm

#101 Calgary is AWESOME on 05.05.15 at 10:30 pm
Commies fighting back bigtime
….

If it wasn’t for commies back on Nectonite , there would be no humans on earth, just Neanderthals.

#104 Shawn Allen on 05.05.15 at 10:38 pm

NDP on track to win in Alberta

Majority government looking likely leading in 47 ridings right now, need 44 for majority

early going but it will be an NDP win.

#105 JinCalgary on 05.05.15 at 10:39 pm

Hello NDP majority Garth.

interesting stuff indeed

#106 Calgary is AWESOME on 05.05.15 at 10:39 pm

Wet tangerine dreams for angry beard.

#107 Alberta is FINISHED on 05.05.15 at 10:40 pm

There is nothing else to say.

#108 robert james on 05.05.15 at 10:41 pm

The cons are getting b*tch slapped in Alberta… http://www.cbc.ca/includes/provincialelections/albertavotes2015/dashboard/

#109 Ralph Cramdown on 05.05.15 at 10:43 pm

“You won’t recognize Canada when I’m through with it.” — S. Harper

No kidding.

#110 Calgary is AWESOME on 05.05.15 at 10:44 pm

#103 Smoking Man on 05.05.15 at 10:38 pm

#101 Calgary is AWESOME on 05.05.15 at 10:30 pm
Commies fighting back bigtime
….

If it wasn’t for commies back on Nectonite , there would be no humans on earth, just Neanderthals.
—————————————————–
You were supposed to save us!

Notley sales tax within two years.

#111 CalgaryRocks on 05.05.15 at 10:47 pm

Ugh. Glad I got out of Alberta in 2013.

#112 Calgary is AWESOME on 05.05.15 at 10:47 pm

Tangerine banking, tangerine politics. There is a link.

Go FLAMES go.

#113 TurnerNation on 05.05.15 at 10:53 pm

Was on King St. streetcar today. Two people comparing closing dates upcoming. Another, on phone about a different appraiser who will get their number.
Shoeshine boys rejoice. Your time is now.

#114 Russ L on 05.05.15 at 10:57 pm

Alberta PC leader defeated.

You guys have a long road ahead but the ruling elite needed to be spanked.

Maybe the commies can build Fast Ferries for B.C.
I know it didn’t work the last time Orange got in here… but they gotta try something. Think outside the box and other lame ideas.

My brother in law is a redneck in Alberta. I going to enjoy phoning him once the results are overwhelming.

Cheers, Russ L

#115 Cowtown Cowboy on 05.05.15 at 10:58 pm

Anyone wanna buy a house in Calgary??? I’m dusting off the resume, moving back to the ‘Chuck and gonna get great job with the government….

#116 Ontario's Left Coast on 05.05.15 at 10:59 pm

Way to go, Sako! Great job!

Also, Smokey #92

Not bad at all… You get extra points for “Spectaculos.”

Me like.

#117 45north on 05.05.15 at 10:59 pm

Now, don’t you feel better about socialists, realtors and the bond market? That’s right. They don’t matter.

Courage and duty do.

great story Garth!

from yesterday: Jim Turner: from your link: While prices are not dropping yet, the fact that commentators from the business and real estate communities themselves believe a 15% downward adjustment in prices is imminent means that we can likely expect a greater decrease. These are, after all, people whose best interests are served by minimizing any potential housing market panic.

http://whispersfromtheedgeoftherainforest.blogspot.ca/2014/12/how-bad-could-it-be.html

it’s very likely the decrease will be more severe than predicted. I mean the very act of prediction provides its own alibi.

from yesterday: Vanecdotal: Yet, Willoughby on the Langley side of 200th, and Clayton on the Surrey side are still building out rapidly, as a few thousand more townhomes & condos are racing to completion in the next 3 years. These are almost entirely car dependent communities

good stuff!

from yesterday: Waterloo: It was clearly obvious in the video that the van was not slowing down and the sportscar driver should have slammed on his brakes, that would have resulted in him missing the accident completely But instead of that, he used those 2 seconds to boost his ego and he took his hand and leaned on the horn, blasting away, and on the moment of impact the airbag exploded, ripping his hand clear off from his forearm.

quite the story! watch out for habits or thoughts that are self destructive. Avoid them.

#118 Snowboid on 05.05.15 at 11:07 pm

#97 fleabitten monkey on 05.05.15 at 10:11 pm…

That’s the same story they ran in Kelowna about a week ago talking about the massive influx of Chinese buyers.

What a total load of crap!

#119 Linda on 05.05.15 at 11:12 pm

Kudos to Sako the wonder dog! I trust the young lad he aided gives that dog special treats & pets every single time he can…..

As the blog dogs no doubt are aware, it is an NDP majority in Alberta tonight – with the Wild Rose being called as the official opposition. The PC’s are getting a much deserved kick in the keister – wonder if they will have the chutzpah to claim the election is not legal, since they did not even bother to repeal the law they made saying it could not occur prior to 2016 before calling it.

Now hoping the official opposition will ensure the new NDP majority keeps their cool & does not decide to spend money we don’t yet have on stuff we don’t really need, while doing their best to ensure the stuff we do need is as well funded as possible. Got to say, the looks on the PC supporters faces was something to see – deer in the headlights, with eyes like saucers. Even the media announcers were having a hard time articulating the words ‘NDP majority’ & calling the win. Got to say, don’t blame them. Best I’d actually hoped for was maybe an NDP minority government. Alberta however does tend to anoint rather than elect & when Albertans get mad, look out!

#120 Porsche on 05.05.15 at 11:13 pm

WOW…. PC’s your rein is over… 4 leaders in 5 years. Alberta finally said enough is enough and over whelming kicked your butt out of province

#121 Ex-Cowtown on 05.05.15 at 11:19 pm

White Walkers have broken through the Wall. It’s all over. Now we get Barack Obama style insanity.

#122 Porsche on 05.05.15 at 11:19 pm

PC’s aren’t even second

NDP 54
WRP 19
PC 12
LIB 1
AP 1

#123 DisgustMadeMePost on 05.05.15 at 11:25 pm

I hope Harper is paying attention to the Alberta spectacle.

#124 Justin Time on 05.05.15 at 11:27 pm

Steven Harper is probably really worried tonight. You’ll see him start distancing himself from his Provincial cousins. But his electoral base is not stupid, they just showed they’re in the mood for change.

Most Provinces that have had NDP governments in the past are afraid what will happen and probably will steer clear nationally. So…

Get used to saying Prime Minister Trudeau again.

#125 tundra pete on 05.05.15 at 11:34 pm

The more I get to know people, the more I like my dogs.

The only thing that pisses me off more than a liar is anyone who would threaten to hurt or hurt an animal.

#126 nonplused on 05.05.15 at 11:35 pm

#68 Smoking Man

Cats are weird but my wife has a couple (which I refuse to do anything for but feed), however they serve a very useful function: moussing. They are quite proficient and I have not had a mouse trap go off in years although I find all kids of half eaten bodies just outside the doors of the house.

The dog came later than the cats and think they are his best little buddies. They sleep together, cuddle, play and wrestle, and he even lets them share his food. When they are out moussing he works coyote duty and keeps them safe. They even bring him back live mice to play with, although he doesn’t know what to do with them besides bark.

Anyway my point is that cats have a utilitarian function in the rodent control field, and dogs can get along with them if they have always known cats.

#127 georstan on 05.05.15 at 11:36 pm

Garth

Any reason you don’t recommend people like the guy with the lump sum pension payout to leave and retire overseas. Lots of cheap choices like Ecuador, Mexico, and others. In addition to reducing cost of living significantly, there may also be some financial invesment benefit from becoming a legal non-resident. Maybe you are just being patriotic?

#128 DON on 05.05.15 at 11:45 pm

Wow

The polls were right

Maybe Prentice should have thought about timing – like calling an election last year.

So was it
1) the Norway oil fund comparison
2) Economy in the dumps
3) Massive unexpected layoffs
4) Fracking/water/ strong woman home owner – case going to the Supreme Court
5) BIG Business handing over the reins to the NDP to weather the storm and deal with the shit and be blamed for the worst which is yet to come.
6) Muclair
7) Harper’s C-51Bill
8) Harper and his CONs in general
9) More young people and parents voting
10) Old blue conservatives changing their minds and voting non-CON
11) last but not Least is the housing market
12) People tired of rampant corruption and bullying mentality of no-mind politicians and their friends.
13) all of the above

When the herd becomes pissed off they vote to inflict pain on the high rollers (politicians and their friends)

Remember for Alberta the hang over is just beginning, no doubt the NDP will be blamed down the road.

Wow, I would be worried if I was a federal CON. Yikes!!!

Ok NDP go learn the secrets of Norway. Is big oil to rich to even care any more. Is Telsa technology making oil frack in their shoes.

I guess the Premier of BC will be watching this closely…orange is spreading throughout the West.

#129 Washed Up Lawyer on 05.05.15 at 11:46 pm

I am sanguine about the results of the shinny match in Alberta tonight.

The score is:

People – 100
Exxon – 1

No shutout.

https://www.youtube.com/watch?v=E2VCwBzGdPM

#130 DON on 05.05.15 at 11:51 pm

Watched the instant election updates

early on the PC’s took the lead and then BAM a serious Bitch Slapping occurred and you all know what happened next.

Was the initial PC lead due to the counting of the advanced polls (where most old people vote)? Or…

#131 Porsche on 05.05.15 at 11:51 pm

Now will the NDP’s be an oil friendly government or more of a people of Alberta government.

PC’s never saved a nickel in 40 years for a rainy day like we have today and we’ve all compared them to Norway who have over a Trillion dollars put away.

#132 Give a mortgage to anyone on 05.06.15 at 12:09 am

Everyone just relax.

The Alberta NDP are not hard-core lefties like the NDP in BC. Raising the corporate income tax from 10% to 12% is hardly radical. No provincial pension plan here.

I didn’t vote for them and didn’t see NDP signs on many lawns in my Calgary riding. I think it was more of a protest against the PCs than a move to the NDP.

#133 BS on 05.06.15 at 12:12 am

NDP wins Alberta + $50 oil = Armageddon for Alberta’s real estate market.

In BC the last time the NDP were in power RE prices dropped by over 20% and that was when RE prices were rising everywhere else in North America.

Can you say new taxes in Alberta. Will the new Alberta sales tax be launched at 7% or a more palatable 5% then raised to 7% later once the provincial debt goes parabolic?

Always fun to watch someone cutting their nose off to spite their face.

#134 BS on 05.06.15 at 12:16 am

I hope Harper is paying attention to the Alberta spectacle.

He is paying attention which means more desperate measures to keep things inflated for another 6 months. He may have to drop interest rates to zero just to off set the NDPs drag on the economy in Alberta.

#135 Half Full on 05.06.15 at 12:22 am

Hey nice to see our BC Ambulance Critical Care Team front and center. They do a remarkable job day in and day out. A highly skilled yet understated team.

#136 will on 05.06.15 at 12:24 am

Great video!

#137 nonplused on 05.06.15 at 12:27 am

The other property in Toronto that should be vacant soon is the area in Air Canada Center where they do the NHL reviews. They are so bad they may as well get rid of them and go back to no video review.

They used a frame that was clearly not the frame where the puck when in as far as it did, and showed only that frame. They had 30 other frames in that instance, they are getting at least 60 a second.

But then I’ve been saying NHL playoffs are rigged for a long time. There is a lot of money involved. It is statistically impossible that no Canadian team has won since the expansion. It was statistically impossible already in 2004. However, there is a lot of money involved, and when there is money involved people cheat.

#138 Jodine ducs on 05.06.15 at 12:27 am

Finally, an topic worth some salt!

#139 cramar on 05.06.15 at 12:27 am

#36 I hate dogs and especially their owners on 05.05.15 at 7:41 pm

——————–

Presumably that goes for the host of this blog also. Sad you see fit to crap on his lawn.

Dogs are not known as ‘man’s best friend’ for nought!

#140 ShawnG in TO on 05.06.15 at 12:29 am

so sad what Alberta did to PC. finally got a leader who is not afraid to speak the truth. pow…

keep your heads in the sand alberta

#141 RainCity on 05.06.15 at 12:40 am

Orange is the new blue, indeed.

Start packing Steve-O. This is a preview of what’s coming for you.

Loved the dog story. What a good pup.

#142 nonplused on 05.06.15 at 1:00 am

There, try and call that back NHL game fixers.

Now let’s go see how TPTB fixed the Alberta election. Second in importance of course because we are screwed either way. The flames might win a few more games, Alberta’s economy is going to be loosing for a with no matter what.

I actually think the PC’s made a wise choice here. Let the NDP have it for 4 years when nothing you can do could possibly go well, and then another 41 years in power as everyone remembers the bad times as belonging to the NDP.

Seriously, the NDP should have thrown the election. To come in now trying to save the public sector by raising taxes at a time when the private sector is firing everybody and loosing money big time is just going to mean huge deficits and even bigger layoffs. Nancy Southern and Murray Edwards will probably lay off 1000 people each just to make a point. And then the laid off people all stop paying taxes and line up for EI.

They say every big inflection builds for a long time before a small trigger sets it off.

#143 Prairieboy43 on 05.06.15 at 1:18 am

My elected MLA is 22. Never worked in her life. Good luck getting that 12% Royalty hike from the 65 year old seasoned veteran energy CEO. Mommy will probably come and protect her. She still lives in her parents basement. These are today’s leaders. Pathetic!!!!!!

#144 John Prine on 05.06.15 at 1:22 am

Alberta PC leader defeated.

You guys have a long road ahead but the ruling elite needed to be spanked.

Maybe the commies can build Fast Ferries for B.C.

Our daughters are 27 and 30, both vote but don’t know what “Fast Ferries” are, so much wasted taxpayer money by Liberals and Conservatives since these boats were build. The NDP should benefit from the constant reminders of the fact that this happened 20 years ago.

Heritage Trust……………..

#145 oceanside on 05.06.15 at 1:25 am

#123 DisgustMadeMePost on 05.05.15 at 11:25 pm
I hope Harper is paying attention to the Alberta spectacle.

Too busy offering our 6 22. calibre rifles up to fight his biggest worry….Muslim extremists…keeps us from thinking about the economy

#146 Rural Rick on 05.06.15 at 1:31 am

Oldest political trick in the book. Screw everything up, spend all the money, lose the election, and let the other guys take the blame when the crap comes down. Ride to the rescue in the next election. Whaaa hoo

#147 Former Fool on 05.06.15 at 1:40 am

Quite shocked at this outcome. The PCs needed to go, but the NDPs weren’t the answer. I read through their platform. We are going to run deficits like no tomorrow. And businesses, big and small, are going to be punished. Also, it’s going to be great having arts students in the legislature. 20 years old is just too young to serve in public office. Life experience counts for a position of public service.

Lenin once said: there are decades where nothing happens, and weeks where decades happen. I think it applies tonight.

Wonder what XIC and XIU will look like tomorrow after the NDP win…

#148 Hurtin' Albertan on 05.06.15 at 1:40 am

So much for my predictions. So much for the Alberta PCs. Good ridance.

This is unbelievable. Like Elizabeth May forming a majority government in October…

Can you imagine?

#149 Lillooet, BC on 05.06.15 at 1:46 am

As I’ve been predicting for months, the price of oil has gone UP, not DOWN. Cracked $61 today.

All the so-called experts on Wall Street who were predicting $20 were WRONG, and I am RIGHT.

… gloat … gloat … gloat … gloat …

The oil price is increasing for all the reasons I previously stated: Peak Oil, increasing demand/reduced supply, Saudi Arabia needing more oil revenue and raising the price at which they sell, conflict in Libya and other Middle East countries.

I also have a hunch that the Saudis were furiously buying up Canadian oil assets/stocks at a discount after they engineered the massive drop in price. A classic case of a cartel crushing the price of a commodity, then buying up assets at bargain prices, then allowing the commodity to restore to its natural price.

And I saved a woman who was stuck on the side of a mountain in BC a few years ago after a 12 hour search, along with the mounties and a Search and Rescue crew. I didn’t get a medal though. True story. Oh well, that’s life.

#150 Hell ya say on 05.06.15 at 2:00 am

The line up of NDP candidates ( now MLA’s) ensures a disaster. I hope Alberta is ready for the fall out. The acceptance speech has targeted the oil industry for an ugly relationship….so expect more horror in the jobs market.

I don’t know where the NDP hopefuls plan to get the extra dough for ‘social projects’……raising the ‘corporate tax?’ The only corporations are the petroleum producers…who are already shredding jobs by the tens of thousands…..higher taxes might lead to entire businesses being shuttered until Albertan’s are starved back to their senses. May you live in interesting times.

#151 Love my Kia on 05.06.15 at 2:10 am

Give them a chance people! It is their land and what they want. The neo-fascists are gone and I am hopeful that the commies will do a good job. This fear mongering of what an NDP govt will do is ridiculous.

For those who think I’m broke for being a lefty, my 4 year old home is paid for and I have a diversified portfolio worth more than my home and yes, I maxed out on my TFSA contributions. I do take advantage of Harper’s policies for the rich but I would never vote for him, the general well being of society is more important if we want to live in a peaceful land. My mom came from a war torn country and I appreciate and love the land I live in and if we have to pay more in taxes to include everyone in sharing the richness of what we have, so be it.

“My friends, love is better than anger. Hope is better than fear. Optimism is better than despair. So let us be loving, hopeful and optimistic. And we’ll change the world.”
― Jack Layton

#152 Herf on 05.06.15 at 2:17 am

Before the Alberta election:

https://www.facebook.com/Prentice.Jim

After the Alberta election:

https://www.facebook.com/pages/Oscar-the-Grouch/104922272873017

(Hint: The eye-brows)

#153 Love my Kia on 05.06.15 at 2:20 am

#102 Tucker Dick
NDP it is. The people should of visited Manitoba and Winnipeg before voting.

What’s wrong with Manitoba? The happiest people whenever I’ve been there. I envy their ability to take care of each other, bricks and mortar don’t mean much without the joy of human spirit. Tough stock those Manitobans, the breadbasket of the world.

#154 Love my Kia on 05.06.15 at 2:25 am

re: 102 Tucker Dick

NDP it is. The people should of visited Manitoba and Winnipeg before voting.
———————————–

I’ve been to Manitoba, the happiest people around every time I’ve been. Gee, wonder why that is.

There’s obviously something more to happiness than just bricks and mortar. They take care of each other.

#155 Longterm on 05.06.15 at 2:36 am

#2 turn of the tide on 05.05.15 at 6:31 pm

Easy mate. I just set-up a friend in Singapore who is in a very similar circumstance.

Open a trading TFSA – Questrade appears to have non-commission ETF buying right now. Deposit the $5k and buy one or two ETF of broad gloabl equity coverage with 70% of the money. Say Vanguard VXC and VCN. $3000 to VXC and $500 to VCN. Very low management fees, complete equity coverage.

https://www.vanguardcanada.ca/individual/etfs.htm

Select another with short term bonds say iShares XSB and put in the other 30% i.e. $1500.

Next, set your dividends / bond interest payments for automatic reinvestment.

Next, set-up your $750 to be an automatic withdrawal to your TFSA every month. If you get commission free ETF purchases or the commission is low – i.e. $5 – then simply buy one of your three ETFs that month regardless of what the market is doing.

Keep doing this, rotating which ETF you buy to keep the split roughly 70% equity [keep the Canada Vs rest of the world ratio at about 15% to 85%] and 30% bond.

If your commission is high then to amortize it over more shares, let the cash build up for three months until you have $2250 and then buy.

Put the buy dates in your diary and buy regardless of what the market is doing.

Up your monthly savings for investment each year regardless of whether you earn more – feel a big of pain and ignore it. Just watch that you don’t over contribute to your TFSA once you have used up current and carried forward allocation space.

Once you have used it all up and are saving and investing more than the annual TFSA limit, switch the excess into either a RRSP trading account or a non-registered account and fill it with Canadian-only dividend payer ETF to take advantage of the divided tax credit.

Repeat monthly for for 20 years.

Same for your wife.

When you hit $150K consider getting an advisor.

#156 BigM on 05.06.15 at 2:40 am

But this is my blog. So, sit.

So Garth, are you ‘special’ now ? :lol:

Well, it looks like Alberta went full Dipper. This will be fun to watch, new neophyte idealistic moronic Ministers trying to fight a 50 year old conservative civil service.

The oil companies can wait, the oil isn’t going anywhere.
But I wouldn’t invest in any pipeline companies for a while.

I’m calling it, Alberta will have a Provincial Sales Tax sooner rather than later.
After all, only Nixon could go to China.

#157 Andrew Woburn on 05.06.15 at 3:03 am

#97 fleabitten monkey on 05.05.15 at 10:11 pm
Global news tonight – Chinese money moving into Victoria/Sidney Vancouver Island, selling more safety at a fraction of the cost. Estimating Chinese demand about 5 yrs behind vancouver. Better get in now, create the urgency msm.
==================

There are a couple of Chinese realtors posting Chinese language signs in Nanaimo but I have no idea if it is working. Their customers would be buying in my area and I don’t see any yet. Too bad because we could use some better Chinese restaurants here. Anyway if there are any Chinese buyers they will have to fight their way through the coming inrush of shell-shocked Albertan retirees.

#158 Steve French on 05.06.15 at 3:10 am

Smokey that writing is pure literary gold.

You may have a best seller on yer hands!

I’m buying the book and I don’t care if it costs $150 for the premiere hard cover edition.

#159 mdm on 05.06.15 at 4:57 am

I wonder if Harper will be back to his old riding in SW Calgary this stampede serving pancakes at Chinook Mall? hmmm. Kelowna’s April housing stats are out, their average house price is $501,000…about $50,000 more than Calgary. As for the dog, woof woof! If the survivor was a dog hater, he would be a dead dog hater who died from being eaten alive by coyote!!

#160 Freedom First on 05.06.15 at 5:41 am

Looks like Alison Redford and Jim Prentice really made the Albertan’s angry. I am presently living in Alberta, after having being born in Toronto and living in 4 different Provinces. Kind of had to be living In Alberta to hear just how pi$$ed off Albertan’s were with both Redford and Prentice. Entitlement, arrogance, and complacency. Who did they think they were? Senators?

#161 Edward on 05.06.15 at 7:23 am

Georstan #127 said:

“In addition to reducing cost of living significantly, there may also be some financial invesment benefit from becoming a legal non-resident. Maybe you are just being patriotic?”
——————————————–
Can you expand a bit on that a bit?

RRSP?
Capital gains?
Other advantages?

#162 ALBERTASTROPHE on 05.06.15 at 7:28 am

Notley is no fool, and much smarter than Prentice and his lackeys.

Still, the cover is now blown on the Alberta economy.

Major housing crash coming. Plus the Paris conference on climate change will be supported, not denied, by this government.

All those other illusions will shortly be in the rear-view mirror, fellow Albertans.

Harper now knows this could happen to him. However, this could also lead to an NDP resurgence in the east, causing vote splits with the Liberals, which might tilt more eastern seats back to the PCs. It will be interesting to watch, that’s for sure.

More thoughts later when I fully wake up.

#163 Herb Weber on 05.06.15 at 8:13 am

So disgust with right wing lip-service to good government has overcome decades of anti-socialist propaganda.

Let’s see “Pierre the Sneer” Poilievre spin that one!

#164 TurnerNation on 05.06.15 at 8:20 am

Dance craze sweeping the nation:
The Albertan Goose Step.

(Getting ready for “agenda 21”, big time, if it should exist.)

#165 Hot Albertan Money on 05.06.15 at 8:29 am

Great story.

I’d be willing to bet Garth’s TFSA balance that Sako is probably more literate that 95% of the blog dogs here (and more hygienic)

#166 Fed Up on 05.06.15 at 8:30 am

ADP report in the US today; April jobs at 169K; Dow will be up 200 to 400 points for the rest of the week, and the talk of rate hikes get pushed back another 6 months.

Interesting times..

#167 Nora Lenderby on 05.06.15 at 8:48 am

#149 Lillooet, BC on 05.06.15 at 1:46 am
… gloat … gloat … gloat … gloat …

And I saved a woman who was stuck on the side of a mountain in BC a few years ago after a 12 hour search, along with the mounties and a Search and Rescue crew. I didn’t get a medal though. True story. Oh well, that’s life.

Well, that’s what good humans are meant to do: help each other. Unless you’re a dog, of course, in which case you deserve a medal!

Anyway don’t make a pig of yourself in the oil market :-)

On the subject of animals, I’ll coin a phrase: bulls make money, bears make money, pigs get slaughtered…and deer get run down by the next pickup truck.

Many people I know appear to be behaving like deer. Staring fixedly at the oncoming lights…counting their house price “gains”. As Mr. T. indicates, they don’t understand that risk can elevated just standing still and doing the same thing as you’ve always done.

#168 Russ L on 05.06.15 at 8:55 am

Smoking Man on 05.05.15 at 9:58 pm
What Dogs and Humanity have in common.

Excerpt from my book. Smoky in the pool at the Flamingo in Las Vegas.

I spark up a smoke to compliment this salt rush. I take a Marlboro down fifty percent on my first drag.

Just As I reach over to ash it, two slightly wet and cool balls of
**********************************

Hey Smokie,

This story sounds familiar.
Did you already give it to us and is it the only chapter in the book?

Or did this happen to me somewhere and I sorta forgot it? Not Vegas though, I haven’t been there for more than a decade…mmm, could be Mexico

#169 TurnerNation on 05.06.15 at 8:57 am

New AB government calling for immediate ban of Truck Nutz, calling them gender reclusive and contributing toward a hostile environment.
The Nutz will however be repurposed as teaching aids in Grade One classrooms for Ontario’s new sex-ed curriculum.

#170 Axehead on 05.06.15 at 8:59 am

Garth – THANKS for this post.

#171 crowdedelevatorfartz on 05.06.15 at 8:59 am

@#131 Porsche
Whats a Norway.

#172 crowdedelevatorfartz on 05.06.15 at 9:04 am

@#61 Diebold

Good one.

#173 Millenial on 05.06.15 at 9:04 am

Garth,
Negative economic data coming out of the US. I don’t think it was the weather.

#174 Godth on 05.06.15 at 9:18 am

#103 Smoking Man on 05.05.15 at 10:38 pm

Neanderthals had bigger brains than us.
https://www.youtube.com/watch?v=MzHvj6roWwM

Liberate the Bank of Canada, Intrepid Think Tank Urges
http://thetyee.ca/Opinion/2015/04/17/Liberate-Bank-of-Canada/

Sounds like Alberta has woken up.
What happened?!?
http://www.rudemacedon.ca/what-happened.html

#175 Tucker dick on 05.06.15 at 9:25 am

#154 love my Kia
What’s wrong with Manitoba? The happiest people whenever I’ve been there. I envy their ability to take care of each other, bricks and mortar don’t mean much without the joy of human spirit. Tough stock those Manitobans, the breadbasket of the world.

=====================================

Everything is ran by the province (auto insurance, hydro, liquor). We have more police per capata. A fire truck is the first responder to a passed out guy on Main Street
If you file your taxes with a program like Ufile just switch your province to Manitoba… You will feel the pain.

If you make under 10k per year Manitoba is the best place for you.

#176 Colin on 05.06.15 at 9:29 am

#2 turn of the tide

———-

Hey man,

I’m in a very similar situation (just starting, saving $700-$800/month) so I’ll share some of my conclusions. My assumption is that you’re saving for retirement, so if that’s not the case the below might not apply.

First, focus on savings and not on the returns. Make a budget. If you are like me, you’re probably spending too much on your phone plan, internet service, cable service, home & auto insurance, gym membership and restaurant meals. Review each expense and minimize it. This doesn’t mean you should plan on being the next featured participant at Extreme Couponing. All I’m saying is you should minimize your living expenses. Also, stuff will always come up, so you need to be very disciplined and truly stick to the belief that once the money gets into the savings account, it’s out of reach.

Second, don’t believe anything people tell you about investing. Do your own research and draw your own conclusions. For example, people like to trash mutual funds. I found that my balanced portfolio (which I’m very proud of and took weeks of reading to design) is getting its ass kicked by a balanced mutual fund offered by my financial institution. I ran simulations on YTD, Past 3 Yrs and Past 5 Yrs returns (check the Morningstar website for returns on any mutual fund or ETF) and the conclusion was always the same. Garth’s often repeated mantra of “a balanced portfolio generates 7% return a year” is most likely true, but you’ll find numerous mutual funds spitting 8% and more – after fees, of course.

Third, don’t be afraid to experiment and find what’s best for you – at first. Hell, if you lose 2% on a $5,000 portfolio, that’s only $100. You’ll make up for it in a few weeks. But if you lose 2% on a $100,000 portfolio, that’s $2,000 and it’s a bit tougher to swallow.

Keep on saving but don’t forget to enjoy life! It’s no fun being the richest man in the cemetery.

Cheers.

#177 Salutations Sally on 05.06.15 at 9:30 am

Wonderful story, and you’re bang on; we should not forget what’s most important about Life. I’d like to take this opportunity to thank you Mr. Turner, for your work and efforts on this blog. I came across it a few years ago and its like a ray of sunshine in a cloud of media and realtor fog who seem to create it just to confuse those who won’t think that things just may be a bit different from what they are spewing. Sir, I am happy to report that I have just sold my condo in the west-end of Vancouver. I went for a fair sale and hope that the newbie excited buyer enjoys the suite as much as I did – its a lovely place. Will he recover his funds when he eventually sells? We’ll see, but so much will depend on who is on the strata council (currently excellent) and how many special assessments will occur, but while I was happy to sell the suite, I wouldn’t want to buy it – or any condo, in Vancouver any more. And not just because of the ridiculous prices… the west end is under constant pressure to cram more folks into the neighborhood, the city giving green lights to developers to build where you wouldn’t think a new building could fit – or should fit. The green, leafy West End is under siege. It was nice to enjoy it when it was walk able and enjoyable. I wish it and its citizens well.

#178 Nobody on 05.06.15 at 9:30 am

#161 Edward on 05.06.15 at 7:23 am
Georstan #127 said:

“In addition to reducing cost of living significantly, there may also be some financial invesment benefit from becoming a legal non-resident. Maybe you are just being patriotic?”
——————————————–
Can you expand a bit on that a bit
___________________________________

Here’s my two cents on being a non-resident of Canada. Earnings from Canadian government and provincial bonds is not taxable. For a non-resident like myself, that’s a bonus…. a safe no-brainer investment which I would say competes with reits and dividend paying stocks as these are subject to a 25% withholding tax. Last Sept, I bought some 10 year Ontario provincial bonds at a bit of a premium, but they pay out 3.5% which, after all is said and done, is not that far off from the 5% or so that reits or dividends generally pay and, of course, are much safer.

Moreover, a number of nations do not tax-world wide income, or have no taxation at all as is the case where I reside now.

I have mentioned this point a numbers of times here, but it is generally ignored by Garth and others, presumably because those visiting this site are residents and will remain so.

Needles to add, I would be very happy to see bond yields rise dramatically to where they were 15 years ago.

#179 Dup on 05.06.15 at 9:34 am

Good story. Sometimes we need a fresh story to break the monotony.

#180 Alberta is FINISHED on 05.06.15 at 9:38 am

Alberta Is FINISHED not because they voted for fiscally responsible NDP it’s because of the attitude from mad cow eating conservatives who post on this blog. The attitude from the mad cow eaters is that it will be good for the NDP to get the blame for the fiscally irresponsible conservatives. If that’s the case then Alberta has learned nothing. The FACT is socialist Norway saved 1 trillion dollar and Alberta is bust. Big oil companies are worried that they wouldn’t be able to steal alberta wealth like bandits anymore. The funny part is the mad cow eaters here want big oil to steal all the wealth. Alberta is FINISHED

#181 saskatoon on 05.06.15 at 10:03 am

#151 Love my Kia

gotta love how the pinkos interchange “I” with “We” so readily.

let us all have more of our wealth violently taken from us by the state!

(just don’t make me do it myself…because THEN it would be wrong)

so be it!

#182 Ray Vasquez on 05.06.15 at 10:06 am

The NDP is a one time mistake that comes every a few decades.

Just like in Ontario and see what Bob Rae and his tax, spend, debt, social programs binge did.

It is now 20 years and there is no NDP there but a the Liberals are probably just slower train wreck than NDP.

#183 Ray Vasquez on 05.06.15 at 10:11 am

It is now 20 years and now there is no NDP in Ontario but there are the Liberals that are probably just a slower train wreck than NDP.

NDP is the Nanny Destruction Party.

#184 Realtor007 on 05.06.15 at 10:24 am

I have to say, Garth, you may just get what you always wanted, a crash in RE in Alberta and to be right at the same time, two birds with one stone.

The dipsters in Alberta are going to make sure RE and oil become old news and tax, tax, tax will be the new way of life in big Berta.

#185 gut check on 05.06.15 at 10:30 am

Thanks for the post, Garth, I hadn’t heard this story before and as I read I got goosebumps. Dogs are amazing, and so is fate, and so are people who endure. Very inspirational.

#186 Smoking Man on 05.06.15 at 10:36 am

#158 Steve French on 05.06.15 at 3:10 am
Smokey that writing is pure literary gold.

You may have a best seller on yer hands!

I’m buying the book and I don’t care if it costs $150 for the premiere hard cover edition.
………

Frenchy, being my number 1 loyal and long time fan, a fellow ordained Dudist Preiest, you get a free hard covered and signed copy. Including free shipping to Australia. Only stipulation is when I’m on my world wide tour, interviews, book signing events and I hit the land down under.

You buy me a beer. And you give a the most wretched looking homeless person 10 bucks and a Micky of wisky.

#187 Lorne on 05.06.15 at 10:41 am

#142 nonplused
I actually think the PC’s made a wise choice here.
……..
Yes, I am pretty sure it was their desire to be wiped out!!
…………

#146 Rural Rick on 05.06.15 at 1:31 am
Oldest political trick in the book. Screw everything up, spend all the money, lose the election, and let the other guys take the blame when the crap comes down. Ride to the rescue in the next election. Whaaa hoo
……….
Yep, Rick, really wise planning by your PC’s….you are obviously much smarter than the general population! I am surprised you didn’t let us know about this plan before the election.
………..
#148 Hurtin Albertan
This is unbelievable. Like Elizabeth May forming a majority government in October…

Can you imagine?
……..
Yes, wouldn’t that be wonderful (though, unfortunately, not going to happen.)
………………
#150 Hell you say
The acceptance speech has targeted the oil industry for an ugly relationship….so expect more horror in the jobs market.
…..
Did you really actually listen to the acceptance speech??
………….

#180
Alberta Is FINISHED not because they voted for fiscally responsible NDP it’s because of the attitude from mad cow eating conservatives who post on this blog. The attitude from the mad cow eaters is that it will be good for the NDP to get the blame for the fiscally irresponsible conservatives. If that’s the case then Alberta has learned nothing. The FACT is socialist Norway saved 1 trillion dollar and Alberta is bust. Big oil companies are worried that they wouldn’t be able to steal alberta wealth like bandits anymore. The funny part is the mad cow eaters here want big oil to steal all the wealth. Alberta is FINISHED.
…..
I don’t believe Alberta is finished, but finally it has leadership FOR the people!

#188 Daisy Mae on 05.06.15 at 10:41 am

#94 TKid: ‘…but her cat is keeping her company while she needs the moral support.”

****************

Actually, that cat is moments away from tracking the sauce thruout the house….so she’d pull herself together! LOL

#189 Say No More on 05.06.15 at 10:41 am

I am not Anti-Chinese.. but this is a fact that most foreign buyer in BC are Chinese. 80%

http://bc.ctvnews.ca/chinese-investors-sue-federal-government-after-visa-program-scrapped-1.1862579

Of course you’re not, dragging up a year-old story. — Garth

#190 Kilby on 05.06.15 at 10:45 am

#182 Ray Vasquez on 05.06.15 at 10:06 am
The NDP is a one time mistake that comes every a few decades.

Just like in Ontario and see what Bob Rae and his tax, spend, debt, social programs binge did.

Probably a little over reaction for a few days until it is business as usual in Alberta. When Bob Rae got the NDP elected in Ontario the BOC had just jacked rates by 6%. When Mike Harris took over in 1995 the deficit was slowly going down, he implemented tax cuts for corporations and the wealthy and sold off a lot of capital assets which is not the way to balance the books, when they were done the deficit was estimated at 5.5 billion…Canadian dollar up this morning, oil up again..

#191 Andrew Kucy on 05.06.15 at 10:46 am

Thank you Garth for sharing the story of Sako. And I absolutely agree with you about what really matters.

Remember, this too shall pass.

#192 Lorne on 05.06.15 at 10:50 am

#53 Cory….(from Monday)
Anyways, I will go on record now. PC’s will win a majority in Alberta tomorrow maybe 65 seats plus/minus 3 and the NDP will make gains but only enough to be official opposition.

Mark this post.
……
Well, we marked it Cory…but you have been somewhat silent about your superb prognostication skills??

#193 Retired Boomer - WI on 05.06.15 at 10:54 am

Great dog story tonight, Garth.

Sako, you rock!!

I see political changes in Alberta. Don’t know what that means, but you had crap leadership prior, maybe new will be better-but never bet on that.

If you lived here, you would see the mindless actions of a conservative. While ‘looks good on paper’ these ideas apparently were never sent to engineering, if you get my drift.

#34 REPUBLIC-OFWESTEN-CANADA

When you are just starting out investing with little don’t worry about being diversified. Get a broad ETF equity index like the S&P 500, or total stock market index, and run it up to say 100 grand.

Then, start diversifying into REIT’s and preferrers. Use your TFSA unless you have a company match in an RRSP never ignore FREE money.

Best of luck, and never panic!!

#194 tkid on 05.06.15 at 10:55 am

I wanted to move out to Calgary – it just seemed so much better, so much saner there. But not any more. I can stay home if I want to see the consequences of an NDP provincial government.

By the time the NDP is finished with Alberta, they will have utterly destroyed the tarsands, all pipelines will be gone, and so will all the jobs. This ain’t just me overreacting – they did the same to Ontario. Then the Liberals will kick to death what remains in the province.

So, with the last of Canada’s economic engines having died, why stay in this country, and why keep your money here? Just Because ain’t a reason.

#195 Daisy Mae on 05.06.15 at 10:56 am

#125 Tundra: “The more I get to know people, the more I like my dogs.”

****************

And here in BC, providing compulsory DNA of your dogs poop may be gaining ground. And watch it spread across Canada…

#196 4 AM Sunrise on 05.06.15 at 11:11 am

#125 tundra pete on 05.05.15 at 11:34 pm

“I close my eyes
And I kiss that frog
Each time findin’
The more boys I meet
The more I love my dog”

– Carrie Underwood

https://www.youtube.com/watch?v=diRt-24OaEE

#197 Ralph Cramdown on 05.06.15 at 11:13 am

For the dogs who couldn’t believe it would happen, until it did… Cramdown presents…

What to Expect When You’re Expecting an NDP Provincial Government:

http://www.theglobeandmail.com/news/politics/second-reading/the-hidden-history-of-bob-raes-government-in-ontario/article1314254/

http://www.thestar.com/opinion/editorialopinion/2012/04/15/bob_raes_failed_premiership_is_a_myth.html

http://www.torontosun.com/2012/03/21/bob-rae-20-actually-theres-a-defence-of-his-years-as-ontario-premier

http://en.wikipedia.org/wiki/Bob_Rae#Premier

T’was a crappy economy all over. Who’s to know if other parties could have done better?

From wikipedia:
“The government of Ontario’s debt has risen under all governments in the past 25 years.

During the 1990s recession, the Ontario NDP government of Premier Bob Rae increased the total debt from $35.4 billion in 1989-1990 to $90.7 billion in 1994-1995.

The Progressive Conservative government of Premier Mike Harris increased the debt from $90.7 billion in 1994-1995 to $132.6 billion in 2002-2003, even while drastically cutting services and downloading formerly provincially run services onto the municipalities.

The Liberal government of Premier Dalton McGuinty, in part due to the Great Recession, increased spending on social and energy programs, and uploading services from the municipalities that had been downloaded onto them by the previous government, the total debt has more than doubled from $132.6 billion in 2002-2003 to over $288.1 billion in 2013-2014.”

Good times.

#198 Daisy Mae on 05.06.15 at 11:16 am

#184 Realtor007: “I have to say, Garth, you may just get what you always wanted, a crash in RE in Alberta and to be right at the same time, two birds with one stone.”

***************

Worried?

#199 saskatoon on 05.06.15 at 11:24 am

#187 Lorne

you see?

this pinko wackjob did the same thing.

somehow “I” and “We” get all mixed up for these people.

i am unsure if this is attributable to simple ignorance, or a type of dangerous sociopathic arrogance.

“I don’t believe Alberta is finished, but finally it has leadership FOR the people.”

ahhh yes…because YOU are the people, right?

#200 Lorne on 05.06.15 at 11:25 am

#194 tkid
By the time the NDP is finished with Alberta, they will have utterly destroyed the tarsands, all pipelines will be gone, and so will all the jobs. This ain’t just me overreacting
…….
I am doubtful that the tar sands will be destroyed (unless the world decides the market for oil is diminished as other energy sources become more logical), though I am hopeful their extraction will become more environmentally friendly. And, yes, you are definitely overreacting!!

#201 Edward on 05.06.15 at 11:27 am

# 178 Nobody
—————————–
How about Capital gains on stocks or ETF’s ? Is there a withholding tax in Canada for non- residents?

#202 Squirrel meat on 05.06.15 at 11:46 am

Of course there is now no AB budget now..

so jack up corp taxes which will lead to more layoffs and an even bigger budget hole

then next year it will be the Notley Sales Tax

which will mean Klien 2.0 will be back in four years

There may actually be a far better chance for energy east pipeline now

otherwise this is gonna be brutal – the oil corps will just starve them out

#203 Nagraj on 05.06.15 at 11:53 am

The National Post was FUN to read today.

“Alberta’s oil industry faces new era of uncertainty after NDP’s shock victory”
It waddn’t no friggin SHOCK to the pollsters, was it now. No it wasn’t. Not at all.

” ‘Completely devastating’: Investors brace for stock selloff and investment drought in Canada’s oil patch”
So sorry yer completely devastated, oh precious investors, glad yer braced though. Brace some more.

“Canadian energy stocks are getting hammered today and it’s dragging the whole TSX down”
Tragic, isn’t it.

“Alberta’s possible pivot to the political left alarms struggling Canadian oil sector”
(What “possible”?) How alarmed are ya? Very? Dial 911.

“Giddy acceptance speech versus somber resignation – ”
Oh she’s such a silly – giddy – little goose, but Prentice, hey, now there’s a man, eh?

” . . . governing party that had grown too old, too entrenched, too entitled and too arrogant.”
Oh, the poetry!

#204 Squirrel meat on 05.06.15 at 11:59 am

#174 Godth on 05.06.15 at 9:18 am

#103 Smoking Man on 05.05.15 at 10:38 pm

Neanderthals had bigger brains than us.
https://www.youtube.com/watch?v=MzHvj6roWwM
——————————————————
Size ain’t everything- naturally, it’s how you use it.

And anyways we bred with them, so we are all neanderthals…

#205 Butch on 05.06.15 at 12:05 pm

Yellens calling the top:

“Stocks prices have been propped up because of lack of alternatives and that is not a good reason to buy stocks and eventually unsustainable.”

http://www.marketwatch.com/story/us-stocks-set-for-rebound-with-jobs-yellen-in-view-2015-05-06

#206 Drill Baby Drill on 05.06.15 at 12:54 pm

The Bond market internationally has been quietly collapsing.

Prices are declining and yields rising. No collapse. — Garth

#207 Andres on 05.06.15 at 12:55 pm

@ #182 Ray Vasquez

People like you get so caught up in their ‘team’ mentality and group think (them bad, us good) that you are totally blind to the realities of the massive deficits and debts your ‘team’ has rang up. Stats Can released a report showing that the NDP is actually be most successful at balanced budgets. The Cons (or in BC, the completely misnamed Liberals) certainly have not demonstrated anything approaching fiscal responsibility. But everyone is stuck on their team and won’t even consider other options, like an emerging party that is actually fiscally responsible. It’s like cheering for the Oilers year after year and pretending they’re actually a good team, just you nevermind all their seasons at the bottom.

#208 Made in BC on 05.06.15 at 1:01 pm

#195 Daisy Mae on 05.06.15 at 10:56 am
#125 Tundra: “The more I get to know people, the more I like my dogs.”

****************

And here in BC, providing compulsory DNA of your dogs poop may be gaining ground. And watch it spread across Canada…

+++++++++++++++++++++++++++++++

BC is very dog UN-friendly. I think it’s one of the reasons people own so many micro-dogs. They are barely dogs so barely fall into the many a dog rule in BC.

#209 ILoveCharts on 05.06.15 at 1:10 pm

http://www.cbc.ca/news/canada/british-columbia/vancouver-house-condominiums-snapped-up-by-foreign-buyers-1.3063073

“Developer Westbank Corporation said the building is nearly sold out, with 35 per cent of units sold to foreign buyers”

Garth: We now have hard numbers for at least one new building – can we acknowledge that there is some impact from foreign investment?

#210 Woke to the Sounds of Horking on 05.06.15 at 1:13 pm

Nice post, Mr Garth. Appealing to your readers’ emotions. Strategic. I like that.

Those few dog haters on here must be especially lonely fractured souls. Romans have been sidestepping dog poop for centuries. Surely the p—–s in Toronto have greater things to whine about than a park full of crap?

The cat haters are just plain idiots and probably dumb-ass jocks. The “see it before I believe it” crowd.

I once knew a guy who fit into that mold. He became a referee. Black or white. Why do you think referees wear black and white uniforms? Hey hey!

Cat haters just can’t fathom the frequency of the cat. It frightens their cowardly little minds to think that a creature so small could be so sentient.

#211 CalgaryRocks on 05.06.15 at 1:14 pm

Interesting that the whole platform is gone from the Alberta ndp web site.

It was there yesterday, now gone.

Also gone, the resumes (lol) of the new MLAs.

#212 Love My Kia on 05.06.15 at 1:15 pm

I think I will change my handle to ‘Proud (Mortgage Free With a Diversified Portfolio) Pinko’.

BTW oil rallied to its highest level so far this year on the world market much to the dismay of the TSX influence pedlars. So much for the fear card.

#213 Nobody on 05.06.15 at 1:20 pm

#201 Edward on 05.06.15 at 11:27 am
# 178 Nobody
—————————–
How about Capital gains on stocks or ETF’s ? Is there a withholding tax in Canada for non- residents?
________________________________________

I would think so but can’t answer that with any degree of certainty at this time. The matter of becoming a non resident while holding Canadian investments is somewhat complex, so suggest you check such details with an accountant familiar with non-resident filing requirements if you are seriously considering going this route.

For what it’s worth, becoming a non-resident soley for tax purposes is not a particularly wise nor attractive option IMHO.

#214 robert james on 05.06.15 at 1:20 pm

#204 Nagraj… Great post !! Made me laugh..The polls were certainly right this time.. The Albertans must have been really PO ed .. Maybe the “look in the mirror” thingy put them over the edge..lol

#215 Annek on 05.06.15 at 1:22 pm

Re#94:
To me it looks like the cat knocked over the pot. Cats can jump up in stoves. And the pot came crashing down.
Perhaps this dogblog is about cats vs dogs and the dog is man’s best friend?

#216 Shawn Allen on 05.06.15 at 1:27 pm

Buffett or Yellen?

Yellens calling the top:

“Stocks prices have been propped up because of lack of alternatives and that is not a good reason to buy stocks and eventually unsustainable.”

***************************************
Yellen is not a noted investor.

Buffett meanwhile said that it will be difficult for the U.S. to raise rates much at all as long as Europe is at or below zero.

Buffett said if interested rates are set to stay low for ten years (He does not know if they will) then stocks are cheap.

Buffett also said the Fed can keep interest rates low if it wants to but there tends to be unknown consequences.

Buffett said it was bizarre for his companies in Europe in that when they collect an account receivable they put that into a negative cash account and would be better off if the customer delayed paying, at least in terms of the value of money.

#217 Ray Vasquez on 05.06.15 at 1:30 pm

To #197 Ralph Cramdown

Under red and orange social, debt, tax, overspend masters, their debts are up 200% to 250% and we are getting paying taxes, fees, hydro, electricity, water rates etc. to death.

All they know how to do is drive away people and businesses and leave the rest of society poorer.

They run out businesses and entrepreneurs like they are water. Higher unemployment due to their policies.

This is the big difference with them. The numbers you stated about Ontario prove it.

#218 Squirrel meat on 05.06.15 at 2:11 pm

#211 CalgaryRocks on 05.06.15 at 1:14 pm

Interesting that the whole platform is gone from the Alberta ndp web site.

It was there yesterday, now gone.

Also gone, the resumes (lol) of the new MLAs.
———————————————-
Funny, you’re right. Gone!

This fellow is gonna be the new minister of forestry. He’s gonna be great.

https://www.facebook.com/ShayeAndersonNDP2015

#219 Evangeline on 05.06.15 at 2:21 pm

Why do they leave him chained outside? Is he part of the family or not? I always get depressed when I see a dog chained.

#220 Not a Retard on 05.06.15 at 2:34 pm

For the retards that comment here that still think rates aren’t going up: http://www.businessinsider.com/mike-novogratz-salt-conference-comments-2015-5

Oh what a joy to live in crazyland BC where no one ever stops to think what a product *should* cost, be it a house or gas for the car. We’re paying $1.35 a litre for gas with $60 oil and everyone seems to think that’s A-okay as they fill up their SUV to commute three hours a day in the worst traffic in North America between a low paying job in the city and their $700,000 box with walls 4 inches out of square on a tiny lot in a neighbourhood where there is a shooting every damn day.

Smart people here in BC.

#221 CalgaryRocks on 05.06.15 at 2:54 pm

#218 Squirrel meat on 05.06.15 at 2:11 pm
#211 CalgaryRocks on 05.06.15 at 1:14 pm

Interesting that the whole platform is gone from the Alberta ndp web site.

It was there yesterday, now gone.

Also gone, the resumes (lol) of the new MLAs.
———————————————-
Funny, you’re right. Gone!

Probably (hopefully) just a screw up from the web team. But for now gone.

I got a copy yesterday, not that it’s going to be very useful or anything after the election.

http://www.albertandp.ca/platform
http://www.albertandp.ca/candidates

#222 AACI Home-Dog on 05.06.15 at 2:55 pm

#211…Calgary rocks

“Interesting that the whole platform is gone from the Alberta ndp web site.

It was there yesterday, now gone.

Also gone, the resumes (lol) of the new MLAs”

Hence the acronym NDP…no damn platform…

#223 Capt. Obvious on 05.06.15 at 2:55 pm

Re: AB election outcome, of course we’ve seen this script before. Whenever there is an economic downturn people ‘blame’ the party in power (like they really had much to do with it — such a fallacy) boot them and put someone else in. (Then regret that choice in a few years.)

So it goes.

#224 Shawn Allen on 05.06.15 at 3:15 pm

Traders may be selling stocks today (selling low) to value investors (buying low, or at least lower than last weak).

The sell-off in energy companies as oil is rising is particularly dumb. Thanks be to god for the short term traders who constantly sell low and buy high.

#225 [email protected] on 05.06.15 at 3:15 pm

Maybe we can all pull our door stopper out and re-read Garths “after the crash”

#226 Julia on 05.06.15 at 3:19 pm

#215 Annek
“To me it looks like the cat knocked over the pot. Cats can jump up in stoves. And the pot came crashing down.
Perhaps this dogblog is about cats vs dogs and the dog is man’s best friend?”

Cat was probably underfoot. Cats are assholes. – Don’t shoot, animal lover here!

#227 Harbour on 05.06.15 at 3:24 pm

CNN

Socialist party in Alberta bad for Alberta oil and Canadian dollar

LOL

#228 Ralph Cramdown on 05.06.15 at 3:25 pm

#217 Ray Vasquez — “Under red and orange social, debt, tax, overspend masters, their debts are up 200% to 250% and we are getting paying taxes, fees, hydro, electricity, water rates etc. to death.”

Classic cognitive dissonance at work. It was right in my post that the Blue guys ran up the debt, too. And I deleted the text in the original about Harris selling off the 407. And it can’t have escaped your notice that the Blue guy in Ottawa cut taxes as soon as he got into office, cut transfers to the provinces, and STILL ran budget deficits to this day, almost a decade later.

One might begin to think that taxes fluctuate, averaging around a level ALMOST sufficient to pay for spending, with red and orange parties usually raising them and the blue party usually cutting, and deficits are USUALLY run by all three parties. Nor is it different anywhere else: The US national debt went “uppa, uppa, uppa” under St. Reagan. A wit might suggest that it’s a choice between the “don’t tax enough to pay for your spending” guys, and the “don’t tax enough to pay for your spending” guys.

Was Alberta different? Not by my lights. They spent down their oil fund while declaring budgets balanced. A first world non-renewable energy exporter without a significant sovereign wealth fund is a sad sight indeed.

#229 Dup on 05.06.15 at 3:40 pm

Yellen just signed her resignation letter by making that irresponsible statement. What a dupe.

#230 MF on 05.06.15 at 3:41 pm

#206 Butch on 05.06.15 at 12:05 pm
Yellens calling the top:

“Stocks prices have been propped up because of lack of alternatives and that is not a good reason to buy stocks and eventually unsustainable.”

At least the article said this as well:

“While the long-term momentum is still positive, people are beginning to get nervous. A correction at this point would be welcome,” Landesman said.

Because I made a deal to refuse to check my total portfolio on the BMO website until 6 months time, I periodically glance at my phone and all I see is a see of red.

I see this as positive though. According to what I have read so far in the book The Intelligent Investor, if the market is at an all time high, it corrects, then reaches an even new ceiling eventually……unless you sell at the bottom and crystalize your losses at the bottom.

In my case, seeing as I have only been in the market for a month, I still have patience and should be able to wait it out.

#176 Colin

Good advice. Savings are key. Doing your own research is key. Some mutual funds may be superstars but you have to do your research. Maybe it all comes down to luck. I think Garth’s message of defensive investing is spot on though.

My newborn one month old portfolio is probably getting clobbered as well. It does not matter though, look at the five year timelines for stocks/etf’s instead of the 1 month. Even if you buy at the top before a massive correction, as long as you hang on your still better off. Easier said than done though. I fight the urge to do “something” a lot.

A big thanks to some of the other blog dogs who recommended some good reads for me a few weeks back and offered some great advice!

I’m in the process of working my way through The Intelligent Investor and it’s a solid read.

MF

#231 Hard Times on 05.06.15 at 3:58 pm

On the up side…Obama will now have a Canadian voice for his administration sycophants to quote. Obama has been pissed that Canadian politicians haven’t bent to his army of goons crossing the borders to fund his anti oil legacy campaign.

The NDP will provide cover for the hundreds of American , Saudi, Russian, Rockefeller, Tides, Hedge Funds that want to see Canada shut down as a competitor. The babies in the NDP caucus have been spoon fed anti everything propaganda pap and will most likely agree to plug the courts with more obfuscating and frivolous lawsuits so that money stops flowing out of the oil sands.

We’ll soon be on our knees and unable to resist the likes of Warren Buffet , the Rockefellers and Farrallon Capital buying our resources for pennies on the dollar. Does any one wonder why the flight of capital was accelerating all day?

The NDP will raise taxes they say…getting blood from a stone apparently. They will raise the min wage and put the rest of small businesses out of business…hey it’s starting to smell like Bob Rae…Part Deux. Good for the new migrants to Alberta who want free stuff …..Alberta entered a four year long recession last night.

#232 Archivist on 05.06.15 at 4:06 pm

#218 Squirrel meat on 05.06.15 at 2:11 pm
#211 CalgaryRocks on 05.06.15 at 1:14 pm

Interesting that the whole platform is gone from the Alberta ndp web site.

It was there yesterday, now gone.

Also gone, the resumes (lol) of the new MLAs.
———————————————-
Funny, you’re right. Gone!

———

This may help:

http://web.archive.org/web/*/http://www.albertandp.ca/*

Or just moving to the new home on the web: http://alberta.ca/

#233 seeing it from both sides on 05.06.15 at 4:16 pm

#177 Salutations Sally

“….but while I was happy to sell the suite, I wouldn’t want to buy it – or any condo, in Vancouver any more. And not just because of the ridiculous prices…”

And where will you rent? Vacancy rate is virtually zero in the West End. If you want to live in the same area, a 500 sq. ft, suite in a hundred-year-old musty smelling bldg with no in-suite laundry or parking is about 1300-1400 insane bucks. That is, IF you can even find a vacant one. It’s still pretty leafy there though.

#234 NDP web site from LA, CA on 05.06.15 at 4:21 pm

Funny that the NDP website is created and hosted on a US cloud-based WEB company, NationBuilder from Los Angeles.

Other clients include: Ontario NDP, Andreessen Horowitz, Tea Party, etc.

#235 Beautiful Canada is no more on 05.06.15 at 4:49 pm

DELETED (Anti-Chinese)

#236 Mike T. on 05.06.15 at 4:56 pm

not that you or anyone should care, but no one represents me but me

I am a spirit first and a human second

anything else is your creation and yours alone

#237 Investorz on 05.06.15 at 5:39 pm

If Poloz worked on bringing the loonie down, it didn’t work for long. It’s been springing back up. Unhedged SP500 ETF took a beating because of it.

Shows how impossible it is to forecast asset prices, a house, stocks, bonds. Impossible.

#238 CalgaryRocks on 05.06.15 at 5:43 pm

#232 Archivist on 05.06.15 at 4:06 pm

This may help:

http://web.archive.org/web/*/http://www.albertandp.ca/*

Or just moving to the new home on the web: http://alberta.ca/

No, I think the fact that there are exactly 2 broken links still on their site (in the footer), one for the candidates and one for the platform means that it is more than likely that they did not want the masses to see those up close just yet.

I notice that the ‘donation’ links are still working well.

#239 Exurban on 05.06.15 at 5:53 pm

#197 Ralph Cramdown

I too am totally fed up with these so-called Conservative parties that never manage to balance budgets and think the way to economic success is crony patronage, wage suppression, massive immigration, and real estate pumping. They don’t deserve any more time at the trough.

That said, goodgawdalmighty the NDP … I endured the B.C. version from 1991 to 2001. No road building, white elephant rapid transit, no new mines and as little logging as possible, tax rates that topped out at 54.16% for every dollar earned above $65,000 a year — I remember exactly because I had to pay them. And then there’s the stroke of genius they picked up from Bobby Rae of cutting the number of places at medical school. That’s how they thought they’d cut medical costs. Thanks to that piece of idiocy we now have literally thousands fewer Canadian-trained doctors than we would have had, something I reflected on a few years ago when my wife was being treated for cancer.

Yeah, the Dippers. They never grow up, they never learn. Albertans had them to the west and to the east. Maybe they just had to touch the hot stove, as W.A.C. Bennett used to say.

#240 Jim T. on 05.06.15 at 7:50 pm

Just another reason why an Australian who lives in Hong Kong and has only ever been to Canada a few times for his employment loves this blog.

And it’s a good way to learn a lot about the other stuff that doesn’t matter too – so much is relevant in any market or place.

And this was another keeper: http://www.greaterfool.ca/2012/09/09/hope/#comments

Thanks Garth.

#241 prairiboy43 on 05.07.15 at 2:56 pm

Alberta can be like Norway according to Norwegian Engineer. Need to be Greedy.