Alternative facts

Let’s summarize.

President Donald Trump on Monday promised a clutch of corporate CEOs that a “very major” border tax is coming. He signed an executive order to withdraw the US from the Trans-Pacific Partnership trade deal, which was supposed to benefit Canada bigtime. Plus he announced (again) over the weekend he’ll renegotiate the North American Free Trade Agreement.

Meanwhile in Calgary a Trump underling – not even at the cabinet level – commanded the attention of T2 and his entire squad of frightened ministers as they huddled to plan strategy and avoid being US road kill.

“Great thing for the American worker, what we just did,” the Trumpster said as he laid down his pen, destroying a decade’s worth talks on freer trade across the Pacific, and ravaging Japan. Now it’s on to shoot a few rounds through the hides of those job-sucking Mexicans, plus doing a little beaver-bating to the north.

The president also told his CEO gathering there will be a “massive” tax reduction for both corporations (who pay more now than those in Canada) as well as the middle class (who pay a lot less). He promised a “75 per cent reduction” in regulations on how US corporations conduct business, including curbs on activities thought to contribute to climate change – which no longer officially exists. Meanwhile Canadian provinces like Ontario and Alberta have just brought in carbon pricing, raising energy prices substantially, while the feds have been hotly pursuing a national climate agenda.

In short, yikes. The cost of business goes down dramatically in the US – lower taxes, fewer regs – while our guys get less competitive. American corporate tax rates end up perhaps 10% lower than ours, encouraging companies to migrate to where overhead is less and profits greater. Besides, if you have a plant in Cleveland or Atlanta you don’t need to pay workers fat wages just so they can afford mortgages on $950,000 houses in Mississauga or Richmond.

Layered over this are border issues. Will the Trump team demand concessions under NAFTA (the North America Free Trade Agreement)? Over and again on the campaign trail he called it “a disaster” and pledged to demand pro-America changes, or else. On the official White House website last weekend that was reinforced. If the deal isn’t better for US workers, it said, America will exit. Plus, we have no idea how a proposed 35% border tax will be imposed. Just on the products of factories that could have located in the US? On goods already made in Canada that flow in under NAFTA? On cars? Pipelines full of Canadian crude? Or will we get an exemption for maple while he taxes tortillas?

Or, just maybe, Trump is all bark and no bite. This could be posturing. Snapping, tough-guy talk. Swaggering, BSD cowboy stuff. There’s no point sweating it – that’s Trudeau’s job. Let’s see how he does.

What’s more certain than a trade war with the country taking 75% of our exports is the fact the US will become a cheaper, more efficient, profitable place to do business. Reducing the corporate tax rate from 35% to 15% in one fell swoop is more than dramatic. Ensuring that companies will never have to worry about cap-and-trade provisions or comply with reams of complex regulations is a massive incentive to expand, hire or relocate from Ontario.

Meanwhile Trump has also promised to spend $500 billion on new infrastructure – freeways, port facilities, terminals, airports – all supporting business activities. The downside, of course, is years of deficits, inflation, expansion and higher interest rates. But as long as a protectionist America is pumping out the jobs and the GDP, people there will swallow higher mortgages and car prices.

The guy’s been in office only days, so let’s stay calm. But it’s reasonable to assume none of the above is good for us. We may well end up with reduced corporate investment in Canada while our dollar slags and higher US yields plump the bond market, hiking mortgages. Yes, a stronger American economy helps this country, but only if we have access to its markets in the unfettered way experienced since Brian Mulroney forged the Canada-US Free Trade Agreement in 1988.

After years of open borders, we have a president who says this: “NAFTA is the worst trade deal maybe ever signed anywhere, but certainly ever signed in this country.”

There’s a reason you should always have a balanced and diversified portfolio – with 40% in relatively safe things that produce income and stifle volatility, and 60% in growth assets with broad exposure across the globe. Trump may be onto something. Or he may blow up. Stocks could soar and bonds plop. Bonds could rock and stocks drop. Trying to second-guess the outcome in advance is pure gambling.

So, relax. Ignore the zombies. They, too, shall pass.

188 comments ↓

#1 pathcontrolmonk on 01.23.17 at 6:24 pm

What is worse is Trump despises Trudeau… huh, I just noticed both their names start with “Tru”, how ironic.

#2 Theo on 01.23.17 at 6:26 pm

Looks like the smartest thing my CPA father has done was buying up property in the Southwest US when prices were 25% of what they were at the height of their bubble.

#3 RentYVR on 01.23.17 at 6:29 pm

Bad news for Canada’s economy…my BoC rate cut call is going to pay off big time!!!

#4 HoweStreet.com on 01.23.17 at 6:30 pm

Ross Kay on HoweStreet.com Radio:
Trump Numbers vs. Real Estate Numbers.
Vancouver’s Condo Market – getting more for your money.

http://www.howestreet.com/2017/01/23/trump-numbers-vs-real-estate-numbers/

#5 dontcallmeshirley on 01.23.17 at 6:31 pm

Until we can get a directv subscription, buy auto insurance from an American insurer, etc. let’s not speak the phrase “after years of open borders” too loudly.

#6 David W2 on 01.23.17 at 6:35 pm

So…would you recommend folks hold off on home purchases for the yrs?

#7 Lulu on 01.23.17 at 6:39 pm

Let’s see how our Selfie King deal with this. Trumpian sure act like a hawk now and look for prey. It’s gonna be interesting and entertaining.

I personally think Canada will be the least impact of all the trade war that Trump impose. We are the second biggest partner in the world and I think he won’t have a blind eye on this.

For house owners, nothing happen and see here, keep on bidding. YEAH!! LOL

#8 gyumingd on 01.23.17 at 6:39 pm

Gartho,

Great article….the comments are priceless!

https://ca.news.yahoo.com/why-would-you-leave-canada-expats-hounded-by-same-question-120045057.html

Maybe you can do a plus-minus comparison on the numbers/quality of life?

#9 Terry on 01.23.17 at 6:40 pm

Canada has always been dependent on America for it’s high standard of living. On our own we would never be a wealthy country. We owe our good fortune to America who has allowed us to ride on their coattails for so long. Remember Canada …………. without America we would not have very much!

#10 pete on 01.23.17 at 6:40 pm

‘But it’s reasonable to assume none of the above is good for us.’
——————————————–
Tough. Years of playing the game by the rules of every special-interest group, climate-change whiner, commie-in-sheeps-clothing, etc. has finally brought this situation home to roost.
Garth, you and I both know that these free-trade pacts benefit only the globalists and their march towards a one-world government. That’s why the public (and even most politicians) never get to see the actual contents of the agreements.

You seriously believe that? Read this. Or this. The ignorance on this blog is sometimes stunning. — Garth

#11 isuckless on 01.23.17 at 6:42 pm

TPP is disaster for Canada and Japan, not something that will bring jobs to Canada. It will actually take jobs away.
NAFTA, and you Garth know this better than anyone, was not good for Canada and didn’t help Mexico either (other than made rich people richer)
We are in Canada saddled with Britain’s mode of operation for colonies that prohibited colonies from producing things of their own and be used only for resources and labor. US figured that out and become independent. Hopefully we’ll figure that eventually

#12 mark on 01.23.17 at 6:45 pm

Federal hiring freeze should knock a bit off the NFP number each month.

#13 InvestorsFriend on 01.23.17 at 6:51 pm

TRUMP – YIKES

Well, good thing we on the blog are not average Canadians. We are to some extent the investor class and can benefit by owning shares in U.S. companies. (A double dip if the Canadian dollar falls).

I like U.S. home builders which have not really recovered as much as they could yet.

All is unpredictable. So maybe a good idea to get into a position to REACT as things unfold. So I agree React rather than try to predict. (Even rebalancing is reacting but I prefer to have some cash to work with as well)

The TRUMP impact on Canadians will be HUGE for some (the people who lose jobs) and of almost no impact to others (retired with money) or a government worker or just one of the great majority of private sector workers who will not lose their job. Impacts of these things are NEVER average. They strike some people very hard and others not at all.

#14 nobody on 01.23.17 at 6:51 pm

Just goods?
Could he add a 35% withholding tax to shares on US exchanges bought/sold by foreigners?
Why let foreign bankers benefit from making America Great?

#15 Trumpocalypse2017 on 01.23.17 at 6:52 pm

The last three days have disabused anyone of the notion that we are heading for anything but catastrophe.

Lies, alternative facts, complete BS.

This is exactly the path chosen by Hitler and Mussolini in their ‘populist’ ‘nationalist’ insurgencies.

#16 conan on 01.23.17 at 6:55 pm

So far I dislike the Trump administration. I can not see the next 4 years being that great. Stumbling economies with the odd mega military misstep thrown in to keep everyone in perpetual anxiety.

D- rating. They act like jerks.

#17 crowdedelevatorfartz on 01.23.17 at 6:56 pm

Well. Its gonna be interesting seeing the first meeting between Alpha male Trump amd Metrosexual Trudeau.

With all those tax and regulation reductions in the US ……..the “giant sucking sound” that Ross Perot warned US voters about when NAFTA was being drawn up was misguided.
It’ll be Canadian jobs hoovered up by US rust belt States…

https://www.google.ca/url?url=https://www.youtube.com/watch%3Fv%3DRkgx1C_S6ls&rct=j&frm=1&q=&esrc=s&sa=U&ved=0ahUKEwiY8d66u9nRAhVGVWMKHesWClQQtwIIIDAB&usg=AFQjCNF9yy6arLRydXa_Zh08SCF_yN3ldg

#18 oakville stinks on 01.23.17 at 6:59 pm

A politician who had kept his promises…that’s a first!!!
He’s off to a good start in my books!

#19 Nonplused on 01.23.17 at 7:01 pm

Our politicians are nutbars. The only way you can compete in the global economy is with a tax regime that is more or less consistent or lower than that of your major trading partners. For Canada, that is the US. So for people like Nutley and Glamboy to think they can create a socialist wet dream in Alberta or Canada when our biggest trading partner is about to “out-incentivize” industry in almost every way is just plain, well, nuts.

Well, there is one other way to do it and that is like the soviets did it, sell lots of oil and gas to Europe and use the money to maintain the illusion of socialist success.

The carbon taxes alone are going to move most of Ontario’s manufacturing south over time, let alone the change in the corporate tax rate.

Corporate taxes are dumb anyway because they slow the capital formation process and force companies to borrow more. All you have to do is get rid of the dividend tax credit and you don’t need corporate taxes. The only possible benefit there is to them is to try and capture dividend taxes that may be going to foreign shareholders but I’m certain they could figure that one out if they thought about it a bit.

But not too many socialists majored in math or economics.

#20 Vancouver Brit on 01.23.17 at 7:02 pm

“Besides, if you have a plant in Cleveland or Atlanta you don’t need to pay workers fat wages just so they can afford mortgages on $950,000 houses in Mississauga or Richmond.”

Ha, good one. There are certainly no “fat wages” here in BC. In fact, despite being the most expensive city in Canada to live in, Vancouver has some of the lowest wages in the entire country when it comes to couples: http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil107b-eng.htm

#21 TrumpForTheAges on 01.23.17 at 7:06 pm

Globalization is a reality for every developed nation. Global companies leverage comparative advantage and Trump, if it is not bluster, will quickly see the follies of his economic policies. If you look to the East, China buys more energy from Russia than the Middle East. These transactions do not require the US dollar. You would have to be pretty naïve to buy Trump’s bluster as anything other than bluster. His policies, if enacted, will only balloon the US debt, and his protectionism will not spike growth. This charts tells you everything you need to know:

http://trueeconomics.blogspot.ca/2017/01/20117-obama-legacy-debt.html

#22 Lead Paint on 01.23.17 at 7:12 pm

Garth you taught me (us) that markets hate uncertainty.

The most powerful man in the world is the most emotionally volatile in most of our lifetimes.

In the long term our natural resources aren’t going anywhere so money will park here.

Diversify while protecting yourself from myopic government debt.

#23 Henry Morgan on 01.23.17 at 7:15 pm

My understanding is that Trump has made it quite clear a BAT would only apply to any new jobs created in Canada displacing US workers, but that wont stop the Trump hate.

#24 jay on 01.23.17 at 7:17 pm

We need to increase immigration to 1 million per year now.More people ,more job ,more building, who care about USA . This is how you grow economy. https://www.abhinav.com/news/canada-must-increase-immigration-levels-1-million-per-annum-asserts-top-ceo.aspx

#25 When Will They Raise Rates? on 01.23.17 at 7:18 pm

The flip side of the argument is that this is good for Canada.

This will (in theory) force T2 to lower our corporate tax rate, cut regulations, kill cap and trade and add other incentives in order to compete. All of which will spur economic growth, irrespective of trade with the US. The above should already be policy, so if the Trumpster forces us to do it, we should be cheering him on!

T2 will – he must – cut our corporate tax rate, because as you can see on the interactive map below, if T2 sticks to his guns with his current failed policies, we are dead as a nation for the reasons that Garth summarized:

http://www.visualcapitalist.com/interactive-mapping-flow-international-trade/

Zoom in on Canada and think about what will happen to Canada if T2 doesn’t cut taxes and regulations to match what Trump is proposing. Let that sink in.

#26 Victor V on 01.23.17 at 7:18 pm

Globe editorial: Canada sacrifices NAFTA to save itself. Welcome to the new world order

http://www.theglobeandmail.com/opinion/editorials/canada-sacrifices-nafta-to-save-itself-welcome-to-the-new-world-order/article33709754/?reqid=c345e691-0809-4086-b135-6e15d6c48028

Are multinational free trade agreements a thing of the past? It’s beginning to look that way.

In one 24-hour period this week, the U.S. President effectively killed the Trans-Pacific Partnership by pulling his country out of the 12-nation deal, and Canada signalled that it is prepared to abandon NAFTA, the 23-year-old continental trade agreement it signed with the United States and Mexico.

David MacNaughton, Canada’s ambassador to the U.S., says Canada’s priority has to be its trade with America. “It’s essential that we get a better Canada-U.S. trade and economic and security relationship. Whether that’s within an overall NAFTA arrangement, part of that is going to depend on obviously what Mexico’s reaction is to what they put on the table.”

#27 jay on 01.23.17 at 7:23 pm

Even the fortune teller is saying not to buy real estate . http://www.scmp.com/news/world/united-states-canada/article/2064552/lunar-new-year-bright-metals-oil-bc-liberals-canada

#28 Joseph R. on 01.23.17 at 7:24 pm

pathcontrolmonk on 01.23.17 at 6:24 pm
What is worse is Trump despises Trudeau…

————————————

How so? Any tweets to shows that?

#29 Conspiracy Theory on 01.23.17 at 7:25 pm

Trump is going to succeed. What has happened is the Deep State think tanks in the US have realized they no longer have the manufacturing base to fight a major war like WWII. They rely on far too many foreign only built components.

In WWII it was the factories like that of Ford and GM that were converted from domestic production to the manufacture of arms. Those factories are mostly gone now.

The Deep State sees something on the horizon. Something bad. That is why they allowed Trump to win and didn’t “suicide” him. They needed a dramatic explanation for repatriating American manufacturing capacity and Trump’s popular movement gave them just the smoke screen they needed to do it. It must be remembered that Trump is a professional actor. He’s following a script. He’s also a master persuader, so he is able to convince the masses that suddenly globalization isn’t a good thing after all these years of it working fairly well.

He’s also scripting a shift towards better relations with Russia. Why? Russia has been handed the role of the Soviet Union in the cold war for all these years to justify the US military’s out sized budgets. Why would the Deep State suddenly allow a president that wants to change over 70 years of public policy? Why? Take the red pill and it becomes fairly obvious. Like WWII, Russia will not be the enemy and may in fact be an ally for what ever dark days may lie ahead.

I don’t know what dark forecasts the Deep State has, but Trump is their man for explaining to the US population an abrupt change of 70 year old policy. The most obvious one would be a perceived threat of a massive war in the middle east. Of course that’s always been on the radar screen but it would help explain why the US wants it’s manufacturing back, because it might be a war that could be won using tanks instead of nuclear missiles.

Anyway, these people are masters of propaganda and also masters of deception, but they aren’t idiots. They’ve thought this whole thing through more than a few times.

The way to tell if I am wrong is if Trump dies, natural causes or not, and then policy quickly resorts back to the globalization-cold war footing. I don’t think it will. Trump was and is just another Orwellian explanation for public consumption as to why policy is changing. Changing dramatically. My wind chimes are ringing. Something is blowing in. Let’s hope for the best.

#30 Randy on 01.23.17 at 7:35 pm

Hope Trump fixes the U.S. Healthcare System and tanks their U.S. Dollar, as I’d like to spend a lot more time in the Southern States.

#31 Timmy on 01.23.17 at 7:36 pm

Infrastructure program won’t happen anywhere near the degree he is touting. The congress certainly doens’t want to spend the money. He has the most corrupt, inexperienced cabinet in US history.

To quote Krugman from NYT:
“Betsy DeVos, whom Donald Trump has nominated as education secretary, doesn’t know basic education terms, doesn’t know about federal statutes governing special education, but thinks school officials should carry guns to defend against grizzly bears.

Monica Crowley, selected as deputy national security adviser, withdrew after it was revealed that much of her past writing was plagiarized. Many other national security positions remain unfilled, and it’s unclear how much if any of the briefing materials prepared by the outgoing administration have even been read.

Meanwhile Rex Tillerson, selected as secretary of state, casually declared that America would block Chinese access to bases in the South China Sea, apparently unaware that he was in effect threatening to go to war if China called his bluff.”

The question is, will this incompetent, corrupt, egomaniac get impeached, die of a heart attack, or get taken out by the deep state? Anyone care to start a poll?

#32 Dan Samuell on 01.23.17 at 7:40 pm

Socialism for the last 8 years in the U.S. just got a beating. Obama and his socialist friends had 8 years and added 10 trillion U.S. to the national debt.

This is a time when interest rates dropped from 5% to 2.5% or less on long term treasury rates. It is all for his friends and lazy Americans bragging at getting the government check. Tough luck now!

#33 isuckless on 01.23.17 at 7:40 pm

“Senator Bernie Sanders (D-VT) is praising President Donald Trump for scrapping the Trans-Pacific Partnership, an issue that was at the core of both of their presidential campaigns. The Vermont Senator also promised to work with Trump when it comes to trade.”

#34 OttawaMike on 01.23.17 at 7:44 pm

You seriously believe that? Read this. Or this. The ignorance on this blog is sometimes stunning. — Garth

I noticed you had to spell out the NAFTA acronym for your readers.
This makes both your and Pete’s comments slightly rhetorical.

Standard journalism. — Garth

#35 crowdedelevatorfartz on 01.23.17 at 7:47 pm

Wellllll

This unnoticed “developement” could grow legs…

http://www.reuters.com/article/us-usa-china-southchinasea-idUSKBN1572M4?il=0

Can anyone say World War III?
As much as I hate to eat crow………
Trumpocalypse2017 might actually be on to something!

#36 AB Boxster on 01.23.17 at 7:49 pm

Trump will be going after those countries that they have a huge trade imbalance with.

Canada’s imbalance is small compared to Chinas which is massive.
Japan,Mexico and Germany are higher than Canada’s.

So it is doubtful that Canada will be high on the list of targets.

Canada will get crushed by lower US taxes, less regulation, Buy America, US energy policy, and higher interest rates.

And if Canada suffers shame on it and it’s citizens.

Did we really believe we can tax people and companies forever without impact?
Do these fools really believe that disadvantaging Canadians and Canadian companies through outrageous climate taxes would have no impact?
Did we seriously believe that interest rates would stay at absurd levels forever?

If so, then we deserve what we get, with our absurd personal and corporate debt levels and out ‘social justice’ government which is more concerned with feelings than sound economic policy and legal ganga.

Shame and Canada and Canadians.

#37 toronto1 on 01.23.17 at 7:50 pm

Trump is out with his baseball bat in full swing.

Even without the BAT or renegotiating NAFTA (those two are a 100% given) Canada cannot compete- the single act of reducing business taxes and removing regulations negates any wage arbitrage savings. Now factor in a BAT and some tougher terms on NAFTA- its recession time!

Most manufacturing plants in Ontario are only producing old tired technology as the plants have not been updated as capital improvements have been deferred multiple times over.

TPP is DOA, CETA is at a min two years out from ratification and NAFTA is being renegotiated, puts Canada in a very difficult spot to compete. Capital will flow to the US.

Far reaching implications for everyone- as a lot of our service industries are tied into the supply chain that currently feeds US industries, even those with government jobs should be on the lookout– next year, less tax revenue collected means the govt at all levels will be looking at saving resources.

to everyone that is over leveraged right now, in real estate, debt, loans etc.. do you what you have but pay off as much debt as possible, be smart in the decisions made this year, put off the new car and vacation and all extras, pay off debt now as much as possible. Worst case Trump is bluffing and you are better off for it, best case, Trump is the real deal and you have prepared yourself for the changes ahead.

#38 tim P on 01.23.17 at 7:55 pm

Thanks again for your level headedness.
The following link is to John Lennons song “Gimme some Truth” dedicated to the new press secretary and alternating others south of the 49th.
https://youtu.be/aDDJeM5R4PM?t=12

#39 Leo Trollstoy on 01.23.17 at 8:03 pm

Bernie Sanders and Rustbelt Democrats cheer boxing of TPP!

https://www.washingtonpost.com/amphtml/news/powerpost/wp/2017/01/23/sanders-praises-trump-for-nixing-tpp-delighted-to-work-with-him-on-pro-worker-policies/

Go Trump!

#40 S.Bby on 01.23.17 at 8:05 pm

Not to worry: Trump-friendly congressman pushes for one-on-one deal with Canada.

http://globalnews.ca/news/3200612/trump-friendly-congressman-pushes-for-one-on-one-deal-with-canada/

“Our relationship with Canada has nothing to do with our relationship with Mexico,” he told CNN.

#41 Michael King on 01.23.17 at 8:06 pm

Trump’s time in office could be short.

http://kunstler.com/clusterfuck-nation/he-is-risen-but-for-how-long/

#42 The Wet Coast on 01.23.17 at 8:07 pm

Just listened to Ross Kay. I feel so sorry for all the good folks in Vancouver that will be crushed. Don’t believe me? Look at Zolo for anywhere in the lower mainland. An epic crash is underway, and someting you’ll tell your Granchildren about.

#43 Warren- the lagging indicator on 01.23.17 at 8:12 pm

In case anyone is wondering what the hell a dumb smelly guy like me thinks. I feel that the chase for yield coupled with an ETF bubble in this market environment has caused many strange imbalances in the system. One being the relatively low reading and somewhat counter-intuitive reading of the VIX (Volatility) indicator especially in these “trumpian times”, to steal a phrase. The inverse volatility has massively been bid up via XIV for example, effectively shorting the premium on “crash insurance” in the markets. Any sudden injection of fear into this market and a termination event will be triggered on this shorting derivative thereby exacerbating the parabolic move in the VIX. It reminds me of a carry trade and we all know how those unwind. Now If someone could find some facts to support what I am saying, I wouldn’t sound like such a fool.

Of course I am long the VIX for a good time but not for long one.

#44 paul on 01.23.17 at 8:13 pm

Working with buyers for 8 months, we found one 315 Beresford Ave. Bloor West offers tonight there were four this morning not bad we thought if we submitted ours it would have been the 25th. Why bother.

#45 Gregor Samsa on 01.23.17 at 8:19 pm

Canada SHOULD be doing the same things Trump is proposing: raising interest rates, lowering house prices, stopping the offshoring of jobs, killing “nanny-state” style regulations, bringing back manufacturing, etc.

Instead, Canada is poised to do the opposite: lower interest rates, higher home prices, and desperately signing free trade deals with any third world country dumb enough to think we have any jobs left to steal.

Yep, Canada is about to get “Trumped.”

#46 VICTORIA TEA PARTY on 01.23.17 at 8:20 pm

A POLITICAL APOCALYPSE…

..of sorts occurred last Friday south of the line.

Normally the US president’s inauguration is a ho-hum deal followed by lots of parties and good times. The day after it’s back to normal relations with the rest of the world, not counting the various wars the American Empire finds itself embroiled in at that particular time.

Not this time, though.

The Trump Revolution hit DC, and the rest of us, like a Class 5 tornado from the bowels of the Mississippi River Valley.

President Trump’s 16 minute speech laid the ground work for a “Make America Great Again” event that is shaking the rest of us to our very roots.

This is what a REAL revolution feels like. America is on the march and get the heck out of the way.

No one in Canadian society at any level has a clue what a Trump Administration will do to us, or for us. Not at all.

Even Mr. Selfie himself has no clue. I don’t even know what he’s thinking right now. How about his closest aides?
What are they telling him to do or not to do?

Anyway, the federal cabinet, meeting in Calgary for a group-whatever to figure out how to “deal” with Trump,
needs to right-off-the-bat to realize this: Trump will be dealing with THEM, NOT the other way around.

That’s job #1 for T and Co. Job #2 is avoiding coming out of new NAFTA talks looking like a coop of badly-plucked chickens.

Trump’s son-in-law Jared Kushner, a New York real estate mogul and the guy picked by Trump to solve the Mideast’s various problems, will be at said Calgary bun-toss.

I have no idea what he’ll be TELLING the gathered multitudes. But I think his comments may sound more like marching orders than the passing of an olive branch.

The former would be instructions to toe the line on a reorganized NAFTA deal, while the latter would be a request for ideas on a future bi-lateral NAFTA deal with the USA.

I’m hoping for the latter, sort of, because Trump has made it abundantly clear that he likes bi-lateral not multi-lateral deals.

Why? Because bi-laterals are easier to “renegotiate” or to change on a dime if they end up hurting US workers and their jobs.

Back to Calgary, I hope that Kushner offers some solace with a revived Keystone Pipeline proposal.

These are more than interesting times. These are over-the-top interesting times.

PM Trudeau, Grow up please. Soon, would be nice.

#47 Erick on 01.23.17 at 8:21 pm

I’m starting to think that they just used Mexico in the NAFTA to pressure down wages, social protection and taxes in some major industries like the car industry.
Now that it is well in control in the US, get rid of Mexico and bring back the plants and jobs in the US – we don’t need you anymore. Thanks for everything …

#48 all bets are off on 01.23.17 at 8:21 pm

If Trump’s announcements aren’t cooling the global economy worldwide, I don’t know what will.

The big picture is that everything is off the table and on the table at the same time. It’s like we’ve entered a new dimension or something. Nothing is as it was. Did we indeed enter the Twilight Zone? Time will tell.

Who in their right mind is now going to make a major purchase like buying a house or condo? You’d have to be completely nuts to buy now unless your personal situation demands it.

The impact of this regime change in the US will be felt far and wide across the entire globe.

Trump has solid experience in negotiating during bankruptcy proceedings. His financial team has made coin from the GFC and bailouts.

The US could afford to go BK under Trump and come out shining after the GREAT RESET. There are 20 trillion reasons why they should go BK and live to see another day. Trump is the guy who could pull it off and he wouldn’t lose sleep over it.

The elite would buy up US assets for pennies on the Dollar with their own money. If I remember correctly, this happened before.

#49 Tranquilo, No Hay Problema on 01.23.17 at 8:26 pm

Canada doesn’t have much to worry about. This is especially true given our willingness to abandon trilateral negotiations and go it alone with the US. In 2015 Canada imported from the US: vehicles ($48 billion), machinery ($43 billion), electrical machinery ($25 billion), mineral fuels ($21 billion), and plastics ($13 billion) among other things. The trade deficit is only $15 billion and our economies are well integrated. Most states depend on Canada buying their goods and they have a lot of say in negotiations.

#50 Arcturus on 01.23.17 at 8:39 pm

I did a triple-take when I heard a Trump *advisor* was getting a private audience with the full T2 cabinet. If our government has that little spine at this point, we’re going to get creamed. Yikes all ’round.

#51 InvestorsFriend on 01.23.17 at 8:40 pm

Not All Trade Was Free with the Americans

#5 dontcallmeshirley on 01.23.17 at 6:31 pm pointed out:

Until we can get a directv subscription, buy auto insurance from an American insurer, etc. let’s not speak the phrase “after years of open borders” too loudly.

**********************************
Excellent point. Here are some more free trade examples:

Canadians have never been allowed to buy actual U.S. mutual funds with their lower ROEs. Our so-called U.S. mutual funds are based in Canada. I could never find an answer as to why and whether it is Canada or the U.S. that is preventing the purchase of U.S. mutual funds by Canadians. This restriction is a HUGE benefit to Canadian based mutual fund companies.

What items are subject to import duties when coming from the U.S.? I tried to find some kind of a schedule of duties on various goods and service but I can’t find it.

Some (or all?) U.S. made goods may be duty free if brought in for personal use but duty or tariffs may be payable on goods imported for resale.

#52 Vancouver Dudes on 01.23.17 at 8:40 pm

#9 Terry on 01.23.17 at 6:40 pm
Canada has always been dependent on America for it’s high standard of living. On our own we would never be a wealthy country. We owe our good fortune to America who has allowed us to ride on their coattails for so long. Remember Canada …………. without America we would not have very much!

CORRECTION MY FRIEND.
THERE WOULD BE NO CANADA….PERIOD.
WITH OUR INADEQUATE MILITARY WE WOULD HAVE BEEN INVADED LONG AGO.
GOOD BLESS AMERICA.

#53 InvestorsFriend on 01.23.17 at 8:40 pm

Is Nationalism any less reprehensible than racism? Why?

#54 Pete on 01.23.17 at 8:48 pm

Until we can get a directv subscription, buy auto insurance from an American insurer, etc. let’s not speak the phrase “after years of open borders” too loudly.
—————————————-
Free Trade, like true unfettered Capitalism, has never really been practised at any time. Free-Trade agreements are just treaties which allow certain people to leverage things to their advantage while the bulk of the population still is required to follow meaningless rules. Where were the truly open borders for the average Joe? I won’t even attempt to add to the list provided by the other blogdog above. Even Canadians talking amongst themselves about the benefits and options of seeking overseas medical treatments is a legal grey-area. Heck, we don’t even have truly open borders between provinces here. Technically you aren’t allowed to buy a bottle of wine in Quebec and bring it to your in-laws in Ontario for Christmas dinner.

#55 boonerator on 01.23.17 at 8:52 pm

#48 Tranquilo, No Hay Problema on 01.23.17 at 8:26 pm

Canada doesn’t have much to worry about. This is especially true given our willingness to abandon trilateral negotiations and go it alone with the US. In 2015 Canada imported from the US: vehicles ($48 billion), machinery ($43 billion), electrical machinery ($25 billion), mineral fuels ($21 billion), and plastics ($13 billion) among other things. The trade deficit is only $15 billion and our economies are well integrated. Most states depend on Canada buying their goods and they have a lot of say in negotiations.
————————————————————

Millions of jobs in the Rust Belt states depend on those exports. Trump may be willing to sacrifice the jobs but not the Republicans representing those districts.

#56 45north on 01.23.17 at 9:08 pm

The guy’s been in office only days, so let’s stay calm.

the greatest force on Canada’s side is America. Remember Canada is the US’s best customer. More jobs in the US depend on continued export to Canada.

Here’s an article by an American about America:

If you want to understand why Trump won the recent US presidential election, you can’t overlook the economic data. If you do, his victory may look mighty confusing, alarming even. But once you understand the degree to which the average US family and the entire Gen-X and Millennial generations are being completely hosed economically, everything starts to take shape.

https://www.peakprosperity.com/blog/106107/mad-hell

Canada needs to understand the frustration that got Trump elected and to enlist Americans’ own self interest.

Big problem, is this strategy is going to take some staying power. We’re going to have to live through some poorly thought-out measures while we make the point to the Americans that the measures are dumb ideas that cost them.

But the problem is that we’ve just put ourselves into handcuffs. We’ve signed up for record debt like the guy who signed the mortgage on 244 Bain Avenue!

#57 will on 01.23.17 at 9:09 pm

Yeah, relax. The USA’s trade deficit with Canada is negligible. We sell them a little more than they sell to us. Check out a graph in the G&M today. Their deficit with us is the smallest of all the countries listed. Article is by Mike Badad. Sorry can’t provide the link.

#58 joblo on 01.23.17 at 9:19 pm

dontcallmeshirley on 01.23.17 at 6:31 pm

Open borders?
Free trade in Kanada? Whatta joke.

Cell phone rates…..joke
Internet/Cable rates….joke
Books/Publishing……joke
Oil/Gas……joke
Booze……joke
Cigs….joke
Etc. etc…..

The one I like the best?
ESPN nope, 5 channels of TSN with the same game on. Ha!

Peg the loonie to the greenback OH Kanada.

#59 Deplorable Dude on 01.23.17 at 9:28 pm

“Or, just maybe, Trump is all bark and no bite”

Listen, and understand! That Trumpinator is out there! It can’t be bargained with over TPP. It can’t be reasoned with over the NAFTA. It doesn’t feel pity, or remorse, or fear over the WALL. And it absolutely will not stop…EVER….. until AMERICA IS GREAT AGAIN.

Btw great optics today at the Whitehouse….the Trumpinator brings in all Union leaders while tossing aside TPP, they then gush about him on the news channels…

He’s stealing traditionally left voters/unions right out from under the Democrats noses…and they have no idea how to stop him.

As for the Trumpinators vs Trudeau….as O’Leary said…
“It’s Godzilla meets Bambi”…

#60 WUL on 01.23.17 at 9:29 pm

I’m delighted President Caricature kiboshed TPP. My reasons are too long to expand upon here other than to say a country agreeing that it could not pass laws that could impair corporate profit is a sickening thing to agree to. We used to fight wars to preserve sovereignty. Now we agree to give it away.

#61 Andrew t on 01.23.17 at 9:30 pm

#52 InvestorsFriend on 01.23.17 at 8:40 pm
Is Nationalism any less reprehensible than racism? Why?

For starters, because racism leads people to make some countrymen less equal than others, particularly as the law is applied.

#62 MF on 01.23.17 at 9:42 pm

#148 For those about to flop… on 01.23.17 at 3:36 pm

I’d say about 1/10000000 that he goes golfing at such a place, but a 100/100 chance of a window breaking if he were to actually do it.

#147 Euro observer on 01.23.17 at 3:34 pm

Lol touche. I estimate the EU has about 10 more years…by then pretty boy will be long gone and all his “policies” reversed.

And what if NAFTA is renegotiated to the BENEFIT of Canada?

MF

#63 Keith on 01.23.17 at 9:44 pm

Riddle me this: U.S. corporate tax rates were 35% Canada’s 15%. How many companies moved to Canada for the cheap taxes and low dollar? Less than a handful.

Which province has the lowest corporate tax rates in Canada? B.C. at 11%. How many Canadian head offices have moved to B.C. to take advantage? None that I can recall.

The right bangs on and on and on about taxation being the seminal business issue. Where are the businesses setting up and moving to Canada and B.C? I want to get paid for having these bargain tax rates. Show me the jobs, show me the money.

#64 quebecEconomist on 01.23.17 at 9:47 pm

In twenty years managing portfolios I have never said this and have never owned gold but times are different:

include Gold in your portfolio.

good luck.

That’s silly. If you’re scared own US$. — Garth

#65 MF on 01.23.17 at 9:52 pm

#8 gyumingd on 01.23.17 at 6:39 pm

Lol I read the article.

So basically a French couple who thought they would be superstars when they arrived on our shores, but quickly realized they have to work like everyone else.. Notice how they still maintain dual citizenship, and complain that they had a better work/life balance in Canada?

And some young couple that looks like they have been sucking off the public teet for years (in school/university) now decide to leave for South Korea when they have to actually give back to the country that supported them? Can he even grow facial hair?

Here’s an anecdote..my girlfriend and all her friends are brand new immigrants. All happy to be here. All happy with jobs, shelter, food and stability.

If you don’t want to pay taxes or work, go live in Panama in a gated community..and don’t let the door hit you on the way out is what I say to those “expats”.

MF

#66 South Etobicoke Trump Campaign Field HQ on 01.23.17 at 9:53 pm

Our Father, who art in Trump Tower, Donald be thy name. Thy God Emperor come, elections will be won, in Washington as it is in the swing states.

Give in not, to the establishment, and forgive those who have bent the knee. For thine is the power, to build the wall, forever and ever.

MAGA.

#67 South Etobicoke Trump Campaign Field HQ on 01.23.17 at 9:55 pm

>quebecEconomist

Yes, please do!

I’ve been sitting on festering piles of gold miners for months now, all in the red. Please submit your liquidity so that I can break even and finally sell these heaps of garbage.

#68 Barb on 01.23.17 at 10:01 pm

So I suppose Mr. Trump won’t be viewing the multitude of U.S. films that each year are shot in Canada.

I suppose that’d be called “U.S. Content”.

#69 Trump is a hero and anti establishment on 01.23.17 at 10:08 pm

TPP was bad for Canada and Canadians as a whole. YES , TPP would of been great for a select few and horrible for 90% of the majority. Trump is a real American hero who is hated by the elite since he is helping the middle class. How you know its true. The elite control the media. The media is a tool to brainwashed the puppet masses. The media aka the elites mouth piece has been crying like little babies and twisting everything to make trump look bad. The puppet masses are still clueless in Canada but it seems 50% of Americans have woken up. It took extreme poverty for people to wake.

Terrifying. — Garth

#70 MF on 01.23.17 at 10:09 pm

Asked my mom what she thought about the “women’s march” that occurred in parts of the US and she was not sure why they were protesting. Me too. No clue to be honest.

The vote?? Woops already achieved. Wrong century.
Wage gap?? Already proven to be fictitious lie no one believes anymore.

Trump? Because he said something as a joke to another man 30 years ago in private?

I think that march accomplished a fat zero.

I’ll tell you what..I saw a news report and multiple youtube videos reporting on these “protests” during the inauguration. Violent and mob like is how I would describe it as per usual. Masked hooligans screaming at anyone who disagrees with “their” anarchist and socialist views. Throwing bricks and paint at anyone wearing a red hat. The “tolerant” left on full display. Heard them recite legit communist slogans during the CP24 report on Canadians heading south for the march.

So here, more limousine Liberals, enjoying the fruits of capitalism yet preaching about the virtues of socialism. Why don’t they go move to North Korea or Cuba?

MF

#71 Braj on 01.23.17 at 10:12 pm

#28 Conspiracy Theory on 01.23.17 at 7:25 pm
Trump is going to succeed. What has happened is the Deep State think tanks in the US have realized they no longer have the manufacturing base to fight a major war like WWII. They rely on far too many foreign only built components.

In WWII it was the factories like that of Ford and GM that were converted from domestic production to the manufacture of arms. Those factories are mostly gone now.

The Deep State sees something on the horizon. Something bad. That is why they allowed Trump to win and didn’t “suicide” him. They needed a dramatic explanation for repatriating American manufacturing capacity and Trump’s popular movement gave them just the smoke screen they needed to do it. It must be remembered that Trump is a professional actor. He’s following a script. He’s also a master persuader, so he is able to convince the masses that suddenly globalization isn’t a good thing after all these years of it working fairly well.

He’s also scripting a shift towards better relations with Russia. Why? Russia has been handed the role of the Soviet Union in the cold war for all these years to justify the US military’s out sized budgets. Why would the Deep State suddenly allow a president that wants to change over 70 years of public policy? Why? Take the red pill and it becomes fairly obvious. Like WWII, Russia will not be the enemy and may in fact be an ally for what ever dark days may lie ahead.

I don’t know what dark forecasts the Deep State has, but Trump is their man for explaining to the US population an abrupt change of 70 year old policy. The most obvious one would be a perceived threat of a massive war in the middle east. Of course that’s always been on the radar screen but it would help explain why the US wants it’s manufacturing back, because it might be a war that could be won using tanks instead of nuclear missiles.

Anyway, these people are masters of propaganda and also masters of deception, but they aren’t idiots. They’ve thought this whole thing through more than a few times.

The way to tell if I am wrong is if Trump dies, natural causes or not, and then policy quickly resorts back to the globalization-cold war footing. I don’t think it will. Trump was and is just another Orwellian explanation for public consumption as to why policy is changing. Changing dramatically. My wind chimes are ringing. Something is blowing in. Let’s hope for the best

We need Trumpocalypse to add to this ;)

Imagine though.. Russia and USA allies. Full blown WW3, arms and weapons manufacturing through the roof, I can see lots money being made and spent, millions fighting. A nuclear bomb smuggled by some crazies into an urban area and triggered, Turkey maybe? Is it possible?

I certainly hope not.

#72 Shortymac on 01.23.17 at 10:17 pm

I really hope house prices and thus rents corrects soon, I’m tired of being crazy prices and I’ve been getting kinda depressed about it.

You can barely find a house rental below 2,500/month, sucks when you want to start a family in the next 2 years and your clock is ticking.

I wonder where Wile is, I wonder if he will ever post that house.

Thankfully, I do have some investments, I’m just waiting on my old pension documents to come in so I can transfer for them to Garth’s company.

As an American expat in Canada I’ve been in a funk since inauguration day.

#73 april on 01.23.17 at 10:19 pm

#41 The Wet Coast. I also listened to Ross Kay. I didn’t hear him say much re Vancouver condo sales or prices. Did you? He mostly refers to houses.

#74 on racism and other isms on 01.23.17 at 10:23 pm

For starters, because racism leads people to make some countrymen less equal than others, particularly as the law is applied.

Once the laws are in place for equality of races, we should stop talking about racism.

It may take time to eliminate racism from the minds and hearts, too, but keep talking about it day and night will make the road much longer.

Truly spiritual people talk about unity, not racism.
They have a dream, not targets to chastise.

People making a carrier, a paid job, political platform out of racism never talk about unity.

They make the road excruciating long and painful. In fact, they have no interest to ever get there.

#75 Ex-Cowtown on 01.23.17 at 10:23 pm

#16 conan on 01.23.17 at 6:55 pm
So far I dislike the Trump administration. I can not see the next 4 years being that great. Stumbling economies with the odd mega military misstep thrown in to keep everyone in perpetual anxiety.

D- rating. They act like jerks.
+++++++++++++++++++++++++++++++++

It’s been like, what 3 whole days now, including the weekend? Sounds to me like if Trump was saying that unicorns farting skittles were being distributed to all the safe spaces in the country you’d be the one complaining that the skittles were the wrong flavor.

Give the guy a chance. At least another week to save the world and if he doesn’t you can complain again.

#76 Fish on 01.23.17 at 10:25 pm

Soon we will have are birthday 150 years!!!!

#77 Trump is a hero and anti establishment on 01.23.17 at 10:31 pm

#28 Conspiracy Theory

Interesting insight.

#78 ROTFL on 01.23.17 at 10:33 pm

Boy howdy, a lot of people here, including the host, need a fire extinguisher rated for “hair,” stat.

If the time since the inauguration (or even the election) have shown anything, it’s that Trump is winging it, and a wingnut (who needed confirmation?). I listened to the presser today, and it started with “here’s all the business leaders Trump met with over breakfast,” continued to “here’s all the union leaders Trump will meet with over afternoon beers,” and ended(?) with “I can stay as long as you want to argue with the press about how many people attended/watched the inauguration.” Honest to friggin’ god.

Important points to remember: Most stuff, Trump can’t accomplish by executive order. He has to get it passed in congress. Most people in congress are there because their election campaigns are funded by rich big and small business types who write big cheques. I leave it to you, dear reader, to decide which of Trump’s desires those congresscritters will and won’t support.

Remember, if you think that the US is going to hell, your alternative investment destinations are Europe, China, Japan, or, well, elsewhere. Remember also that our host’s track record on predictions includes one shining beacon (“people who hold a balanced portfolio and occasionally rebalance will do OK,” and a lot of, um, others). Stay frosty.

#79 10 Least Affordable Cities Of 2017 on 01.23.17 at 10:33 pm

Here Are The World’s 10 Least Affordable Cities Of 2017

Not exactly what you might expect…

http://www.zerohedge.com/news/2017-01-23/here-are-worlds-10-least-affordable-cities-2017

#80 InvestorsFriend on 01.23.17 at 10:35 pm

Alternative Facts

Let he without sin cast the first stone.

#81 Bottoms_Up on 01.23.17 at 10:35 pm

#52 InvestorsFriend on 01.23.17 at 8:40 pm
————————————
Yes, it is less reprehensible. A racist discriminates based on nationality. A nationalist does not discriminate based on race.

#82 InvestorsFriend on 01.23.17 at 10:43 pm

Is Nationalism Reprehensible?

#60 Andrew t on 01.23.17 at 9:30 pm responded:

#52 InvestorsFriend on 01.23.17 at 8:40 pm
Is Nationalism any less reprehensible than racism? Why?

For starters, because racism leads people to make some countrymen less equal than others, particularly as the law is applied.

*************************************
Agreed, but nationalism makes some people of the world less equal and certainly less deserving of a job and a decent standard of living.

Both racism and nationalism stem from deep tribal instincts to “look after our own” first. We have already outlawed many of our baser instincts and urges and someday nationalism will not be politically correct.

#83 abrupt change on 01.23.17 at 10:43 pm

#28 Conspiracy Theory

I don’t know what dark forecasts the Deep State has, but Trump is their man for explaining to the US population an abrupt change of 70 year old policy.

—-

Kunstler’s now decades-old warning:

The longer we delude ourselves and waste our energies in pursuit of reviving the failed “endless growth” model, the farther our journey back to a sustainable way of living will be when our current system collapses.

#84 Doug t on 01.23.17 at 10:52 pm

Get ready Canucks – remember the late seventies and eighties? We are heading into the tough times I remember oh so well. More camping trips less Hawaii. More labatts less craft brew. More tims less Starbucks. Shitty GM car (I worked there for 6 years) – no BMW. More Pizza Hut less “100 mile” expensive local grub. More scrabble no Stub Hub $$$ concert ticks. More Armstrong cheddar no French blue.
The list goes on – buckle up.

#85 Vancouver Dudes on 01.23.17 at 11:00 pm

#35 AB Boxster on 01.23.17 at 7:49 pm
Trump will be going after those countries that they have a huge trade imbalance with.

Canada’s imbalance is small compared to Chinas which is massive.
Japan,Mexico and Germany are higher than Canada’s.

So it is doubtful that Canada will be high on the list of targets.

Canada will get crushed by lower US taxes, less regulation, Buy America, US energy policy, and higher interest rates.

And if Canada suffers shame on it and it’s citizens.

Did we really believe we can tax people and companies forever without impact?
Do these fools really believe that disadvantaging Canadians and Canadian companies through outrageous climate taxes would have no impact?
Did we seriously believe that interest rates would stay at absurd levels forever?

If so, then we deserve what we get, with our absurd personal and corporate debt levels and out ‘social justice’ government which is more concerned with feelings than sound economic policy and legal ganga.

Shame and Canada and Canadians.

YOU FORGOT TO MENTION LOWERING BUTT-SEX TO 16.
HOW SCREWED UP IS T2….MAY THE GOOD LORD HELP ME….

#86 WUL on 01.23.17 at 11:10 pm

Free trade agreement negotiations should be televised and live streamed. If not, why should House of Commons debates be televised other than to see the fetching Rona Ambrose?

#87 Stock Picker on 01.23.17 at 11:15 pm

I kissed the pool deck this morning, realizing that getting out of Canada is one of the best financial moves I’ve ever made. Not only do I get to swim in the warm sunshine every day but pay only a 15% flat tax and no sales taxes or libtard cash grabs of any kind. I get four times the purchasing power from my retirement funds than if I’d stayed in Aca Nada.

Now that the Gerald Butts plan to kill Canada’s economy is coming together, getting out makes me seem like a genius. Taxation can only go up, prices can only go up, unemployment can only go up, opportunities can only go down.

Thompson Reuters says that 45% of Canadians will be “self employed” within a decade. That’s shorthand for no jobs created for an entire generation. With 25% of Canadians civil servants today, who will pay the taxes to pay their huge salaries and over generous perks?

Here’s my suggestion to deal with the story that Trumps senior advisor Kushner, has cancelled his trip to talk to Canadian ministers at ‘the retreat’…..,turn the lights out when you leave. The original Spanish explorers were futurists and clairvoyant, we are witnessing the death of a country…..turn away…there’s nothing here….Aca Nada.

#88 };-) aka Devil's Advocate on 01.23.17 at 11:35 pm

Trying to second-guess the outcome in advance is pure gambling. – Garth

EXACTLY! Just like real estate.

Nobody has a crystal ball. The best way to predict the future is to track the past.

Trump, however, is a wild card and might just be that Black Swan on the horizon we didn’t see coming.

Maybe.

On the other hand maybe he’ll surprise us in a good way.

Time will tell.

#89 BC Nurse Prof on 01.23.17 at 11:37 pm

Yeah. The “reduced regs” for corporations consist of allowing oil and gas drilling in all national parks and national monuments, eliminating the protection for streams, lakes and oceans, eliminating healthcare and labour fees that employers now pay, and privatising social security. Wage protection will vanish. Pollution controls will go away. “You won’t recognize the place when I’m done with it.” Remember who said that?

#90 TSX on 01.23.17 at 11:55 pm

With housing market ready to
roll over and trump protectionism …I feel safe with t2 holding the fort . Lol

Tactically , went the other way from
This blog ; I decreased Canadian exposure in my portfolio

#91 Pete on 01.23.17 at 11:57 pm

‘MF on 01.23.17 at 10:09 pm
Asked my mom what she thought about the “women’s march” that occurred in parts of the US and she was not sure why they were protesting. Me too. No clue to be honest.’
————————————-
Many believe that they’re protesting against the domination of women by men. Others are simply protesting because they are afraid that they are about to lose the ‘right’ to kill off their families before they are even born.
None of these marchers are going to achieve anything due to the fact that their masters are paid operatives of the system itself.
If they really believe what they claim to believe and desire to change things they should declare themselves to be Sovereign; Free Women on the Land so to speak, and conduct themselves accordingly, supporting each other to the bitter end. They consider trump supporters to be traitors, but it is they themselves that are traitors to their own movement.

#92 Nonplused on 01.24.17 at 12:03 am

#52 InvestorsFriend

Nationalism is about how people live together. Racism is about who lives together. Big difference.

#93 conan on 01.24.17 at 12:06 am

#74 Ex-Cowtown on 01.23.17 at 10:23 pm

Ok I will wait one week. Then I am going to do another Trump Report. I will warn you now, that he is getting an F, if he starts shooting things near China.

#94 Conspiracy Theory on 01.24.17 at 12:31 am

#70 Braj

The US stores nuclear bombs in Turkey, and although the underground news says they have been moving them out of there, maybe got them all out by now, we don’t know what happened to them all during the coup. We will probably never know. My presumption is the Americans had adequate security to keep them safe, and let’s hope so.

But these were “drop bombs”, not missiles, so if 1 or 2 did go missing they will probably turn up somewhere land accessible from Turkey like Turkey itself or maybe Europe, Russia even or possibly India. It’s a scary scenario let’s just hope all of the bombs are accounted for (which, I presume, they are).

#76 Trump is a hero and anti establishment

Didn’t come up with it all myself which is why I called it a conspiracy theory. It’s probably not true, but it is plausible on the surface. More likely Trump is just an accidental surfer on the waves of change and caught a bigger wave than he could handle. Time will reveal.

#81 abrupt change

If we don’t find a suitable replacement for oil and gas, Kunstler will be correct eventually. We just don’t know exactly when. It could be anywhere from now to 200 years from now. Both Scientific American and National Geographic, somewhat respected for magazines perhaps only behind Playboy, published articles around 2000 forecasting the “end of cheap oil” around 2006 or so (although both articles were by the same authors). All indications are that “cheap oil” production did peak right around 2000 and we have been making the shortfall up with more expensive energy alternatives ever since.

If that is true (and it’s hard to gather all the facts on it), Kunstler’s “long emergency” is upon us. But the problem reading Kunstler is you get the idea it’s going to happen all at once. It won’t. It was 100 years on the upswing with oil as our energy source, and it will be 100 years on the downswing. That’s plenty of time to figure something else out, if something else is possible.

#95 HornBlower on 01.24.17 at 12:32 am

#85. Where did you find Nirvana? Don’t tell me it’s California.

#96 Housing market on 01.24.17 at 12:37 am

Any significant housing correction + a less competitive/business friendly Canada + higher mortgage rates = massive pressure on the tsx

Oil can be a game changer . Don’t bank on it as trump will make American oil great again ..as well

TSX? Good luck with that .

#97 Conspiracy Theory on 01.24.17 at 12:39 am

Sorry conventional oil production peaked around 2006 as forecast, not 2000. And it still flows strong, but it appears to be in the “pre-decline plateau”, with other sources like shale oil and windmills making up the difference at much higher expense.

#98 Piet on 01.24.17 at 12:45 am

#82
“More camping trips less Hawaii.”
–Have never been to Hawaii. Prefer staying at home to camping.

“More labatts less craft brew.”
–Drink only homemade wine–virtually free.

“More tims less Starbucks.”
–Never buy anything in restaurants or coffee shops–much cheaper to buy groceries only when they are on sale and eat at home.

“Shitty GM car (I worked there for 6 years) – no BMW.”
–Drive a 22-year-old car that is still going strong. Youtube is a great source of information for DIY maintenance.

“More Pizza Hut less “100 mile” expensive local grub.”
–Grow own food, never eat at Pizza Hut or any other restaurant. Learn how to preserve food.

“More scrabble no Stub Hub $$$ concert ticks.”
–Love scrabble. People who buy overpriced tickets for concerts and sports are crazy.

“More Armstrong cheddar no French blue.”
–Buy only groceries and other products that are on sale. Learn how to use sales fliers and work the coupons. Get as many rewards from credit cards as possible. Switch credit cards to get introductory bonuses and then cancel them. Do not own a cell phone. Cut the cable, get an antenna, and enjoy free OTA TV. Play one ISP off against another. Switch ISPs every six months if necessary. Use price matching so that you can get every store’s loss leaders from one store. Take advantage of price-matching opportunities for accommodation in hotels.

Maximum frugality is fun! The preceding suggestions are only the first few steps toward becoming an extreme cheapskate.

I’m planning to retire soon. Frugality is my plan for living off the pittance that CPP offers. We’ve been living cheaply for a long time already, so we’re good at it.

#99 Psych Major on 01.24.17 at 1:20 am

OMG I just figured out what “well adjusted” means. Your therapist thinks you are totally bonkers but somehow you are getting along just fine!

I think everyone is crazy because people aren’t able to deal with facts, or even “alternative facts”. We deal with suspicions. Is your wife cheating? Is that a lion in the bush? Has your cow got hoof rot? Better usually to act on suspicion than wait for proof. After all when is it ever a bad time to get rid of your wife, run from a bush, or give your cow some penicillin? Your wife may not have been cheating but she was plotting something else far worse, running from the bush was good exercise, and the cow probably had something. This is how the human brain works, use the tried and true responses like running no matter what the inputs are. It never hurts to run even if there are no lions in the bush, but if there are lions you don’t get a second chance.

It’s better to be crazy with you running shoes on than sane and unaware. Remember, survival goes not to the the most fit, but to those best able to adapt to change. Running is a good adaption.

#100 DON on 01.24.17 at 1:49 am

Flop.

That accident was sad…that road is twisty curvy up and down and lined with big fir and cedar trees. Not much space at all as the road winds around the lake and rock/forest. Just plain sad – much too young.

Prices in my home town (Qualicum Beach).

Older 1970-80’s 4 bedroom two bathroom approx. 479K
New 1990’s early 2000s house 4 bed 2 bath etc 600+K
New 2010 4 bed 2 bath etc 700 or 800 or 900k

Same postage stamp, around the block from each other, the whole town is a gated community and each area is considered a good side of town. More toni horse properties waterfront over 1 million minimum.

First came the freedom 55ers in the mid to late 90s, then came the retirees from across Canada and some international, then the Vancouverites retirees cashing out. Biggest money grab in history.

Not a sustainable industry for sure.

On a Saturday night in the height of summer you can stand in the middle of town Tuesday night and you get the feeling that you are alone, be lucky to see someone cross your path. A lot home care up in that neighborhood, nurses in cars.

We’re hear for a good time…not a long….

cheers
M 40+ Van Isle

Crazy

#101 Buy? Curious? on 01.24.17 at 1:55 am

It’s amazing how this market is loosely held together by confidence. Let’s see some bankruptcies, some foreclosures, some REAL PAIN!

https://youtu.be/cyns-HnJ3dE

#102 BS on 01.24.17 at 2:20 am

The president also told his CEO gathering there will be a “massive” tax reduction for both corporations (who pay more now than those in Canada) as well as the middle class (who pay a lot less).

I think the US tax cuts will cause Canada the most pain. A person making $300K in Canada compared to $300K in the US will take home about 50% of the take home pay factoring in currency exchange and income tax.

How many high demand people like doctors will go south to double take home pay at an equivalent salary with equivalent housing about 50% of the cost in Canada? Doctors salaries are already way higher in the US.

How many corporations will invest in the US over Canada or leave Canada with not only the lower corporate tax rate, less regulation, cheaper RE costs but significant advantage to attract in demand workers with more competitive worker income tax rates.

The left in Canada is about to get a lesson on lower tax rates and reduced regulation. NAFTA is the least of our worries.

#103 Chico on 01.24.17 at 4:15 am

#71 Shortymac on 01.23.17 at 10:17 pm

I really hope house prices and thus rents corrects soon, I’m tired of being crazy prices and I’ve been getting kinda depressed about it.

You can barely find a house rental below 2,500/month, sucks when you want to start a family in the next 2 years and your clock is ticking.

I wonder where Wile is, I wonder if he will ever post that house.

Thankfully, I do have some investments, I’m just waiting on my old pension documents to come in so I can transfer for them to Garth’s company.

As an American expat in Canada I’ve been in a funk since inauguration day.

______

As someone who doesn’t pay close attention to American politics, I was shocked by the low quality of candidates.

Erich Fromm stated in the 50’s that he feared for America due to the average man’s disinterest in anything beyond his own personal well being. He was talking about the lack of involvement in the broader society, be it politics or important social issues.

In the late 80’s, Warren Bennis stated that America hadn’t had a real leader since JFK and Martin Luther King Jr.

I’m not trying to depress you, just state my opinion that something is fundamentally very wrong with America and it won’t get better unless people start taking responsibility for it’s outcome. Even though I don’t care much for Obama, I did appreciate his attitude after Trump won…if you don’t like the results, get out and vote. From what I have heard, the voter turnout for the Democrats was rather poor in many areas.

#104 willworkforpickles on 01.24.17 at 5:57 am

If Trump wants all these manufactorers back who comprise of the making of virtually everything under the sun along with all the tax breaks he’s promoting it will cost the US trillions to subsidize the gargantuan transition. A ballooning of the national debt printing up trillions more dollars out of thin air comes next.
Ultimately the loss of the US world reserve currency status and hyperinflation will be coming sooner than most think now that the world knows the kind of debt monger there is in charge. The kind of debt monger Trump is with his- he’ll negotiate a new deal if things don’t work out . What he is telling creditors and the world is not if but when all the new money printing doesn’t work out along with all the previous debt racked up and will be going ahead with plans to ballon the national debt a great deal more anyway. He’ll just renegotiate (default) whenever it suits him. This will ultimately prove to be the undoing of the US and the western world undoubtedly. The loss of the US world reserve currency status far outweighs even the gains that bringing manufacturing on a large scale home will bring.

#105 Stock Picker on 01.24.17 at 7:00 am

DELETED

#106 WileE Toronto on 01.24.17 at 7:36 am

# 71 Shortymac

Hi Shortymac,

Sorry about your delimma. I am not sure, but I do not think rents will decrease if Toronto prices start to come down.

I am doing my research on selling. May still use a realtor that does my area. The house is detached and divided in 2 by floor, empty unfinished basement with laundry. I live in the upper level (3 bedroom) and can leave to my house next door. I am trying to sell to someone who will keep the main floor (excellent) tenants. I can even provide the mortgage at bank rates which may or may not be a selling feature.

I need to do a third party home inspection, some cleaning and minor painting. I already started to move out my stuff to the house next door.

In my last post I said the house was at St.Clair and Winona. I do not have permission to advertise it on GreaterFool but I would give you the address, for you to google if you want a pre-view or a flat out tour.

I do not comment that much but I read the new post everyday and I noticed you mentioned my earlier post.
I am talking to my lawyer and my tenants and doing my research. The area still has major upside , The Nest Condos (love the name, not no much the look of the building) is almost complete. I will keep you posted if anything happens soon. Time flys.Good luck finding a good rental ,or buying a home to start your family.

M46ON

#107 jess on 01.24.17 at 7:56 am

recent blocked mergers
health insurance humana / medicare advantage
Jul 21, 2016 – The Justice Department is suing to block two proposed mergers between major health insurance companies, saying the deals violate antitrust …

incentives upcoding
hired ” chart” auditors ?
For more information, see “The Risk Adjustment Scoring Scam – A Medicare (Dis) Advantage,” by Phillips & Cohen partner Erika A. Kelton.

Feb 18, 2015 – Justice Department probing Humana’s Medicare risk adjustment … insurers like Humana partially based on risk scores, which indicate how sick … That methodology has led to whistle-blower lawsuits alleging Medicare fraud

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

Government of Canada participates in meeting of tax administrations to share findings on Panama Papers
January 20, 2017
http://news.gc.ca/web/article-en.do?nid=1181069
================
Panama Papers
Tax agencies draw up ‘target list’ of offshore enablers
By Will Fitzgibbon

“Tax agencies from 30 countries convened in Paris this week to take part in the largest ever simultaneous exchange of tax information and to share results and details on thousands of investigations sparked by the Panama Papers.

The meeting of the Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC), an informal grouping of tax agencies, was held on January 16 and 17 in Paris at the Organisation for Economic Cooperation and Development (OECD). In a press release after the meeting, JITSIC called the event “historic,” and said the meeting included the largest ever simultaneous exchange of information as agencies sought to coordinate and collaborate on tax investigations.”

https://www.icij.org/blog/2017/01/tax-agencies-draw-target-list-offshore-enablers

#108 Eric on 01.24.17 at 8:27 am

I am expecting to see the Trumpster deliver huge budget deficits, leading to higher interest rates and higher inflation. Nothing to envy, really.

#109 maxx on 01.24.17 at 8:32 am

#1 pathcontrolmonk on 01.23.17 at 6:24 pm

“What is worse is Trump despises Trudeau… huh, I just noticed both their names start with “Tru”, how ironic.”

With “rump” and “rude” embedded in them.

#110 where's the money coming from? on 01.24.17 at 8:32 am

who’s going to buy the trillions in new US debt that Trump is going to create? his trading partners? domestic savings??

i know… the FED will have to buy it all up..

#111 rent,move and get a dog on 01.24.17 at 8:35 am

Well, well, well, who cares about the orange man when you can proudly Canadian pay double the taxes up north?
Coming back to Vancouver housing market, I recently moved and reduced my rent from 1600 to 1400 for a condo in Burnaby, and besides the rent decrease I got closer to my kids school, got fid of the below crazy neighbours that were complaining about noise even after a pin drop… and … wait… in the new building we are not restricted to get a dog, so here it comes a new member of the family…
I even hired movers this time, so how much did it cost me? 750$ maybe? Compare that with realtor commission, property transfer tax, lawyers fee for buying and selling 2 condos for approx. 400k in this area.
We still want to buy, even told moving company to get ready for next year when prices in YVR will become human again and correlated to local incomes. Ouch, it will hurt

#112 jess on 01.24.17 at 8:38 am

The right handed digit signee
grover norquist
http://time.com/4354389/grover-norquist-donald-trump-fiscal-conservative/
“All we have to do is replace Obama. … We are not auditioning for fearless leader. We don’t need a president to tell us in what direction to go. We know what direction to go. We want the Ryan budget. … We just need a president to sign this stuff. We don’t need someone to think it up or design it. The leadership now for the modern conservative movement for the next 20 years will be coming out of the House and the Senate.

donald trump @ 41 years old was saying the same thing he says today see you tube clip oprah interview

even if mr. trump had a heart attack look who is second and the speaker mr. ryan (third way)
won’t matter

grover norquist
http://time.com/4354389/grover-norquist-donald-trump-fiscal-conservative/
“All we have to do is replace Obama. … We are not auditioning for fearless leader. We don’t need a president to tell us in what direction to go. We know what direction to go. We want the Ryan budget. … We just need a president to sign this stuff. We don’t need someone to think it up or design it. The leadership now for the modern conservative movement for the next 20 years will be coming out of the House and the Senate.
==

The right handed digit
grover norquist
http://time.com/4354389/grover-norquist-donald-trump-fiscal-conservative/
“All we have to do is replace Obama. … We are not auditioning for fearless leader. We don’t need a president to tell us in what direction to go. We know what direction to go. We want the Ryan budget. … We just need a president to sign this stuff. We don’t need someone to think it up or design it. The leadership now for the modern conservative movement for the next 20 years will be coming out of the House and the Senate.

donald trump @ 41 years old was saying the same thing he says today
https://www.youtube.com/watch?v=GZpMJeynBeg

even if mr. trump had for some reason to step down look who is second and third …the speaker mr. ryan (third way)won’t matter

=======

redistricting
Gerrymandering – Proving All Politics Is Local
What is Gerrymandering, how does it happen and why? We look at examples and explore some alternatives.
What is it?

Gerrymandering refers to the process of carving out legislative districts for political advantage. In 1810, Elbridge Gerry, Governor of Massachusetts, began the process of redistricting, or repositioning congressional districts based on population changes. Shortly after he had finished and passed into law the new districts he had created, writers at the Boston Gazette compared the shape of one district to that of a salamander. Combining the name of Governor Gerry with the word salamander, they coined Gerry’s new district as a “Gerry”-mander, and the name has stuck ever since. The practice of Gerrymandering predates Governor Gerry, as founding father Patrick Henry originally designed Virginian electoral districts with the intent of foiling the election of James Madison.
http://politicsandpolicy.org/article/gerrymandering-proving-all-politics-local

https://en.wikipedia.org/wiki/Political_party_strength_in_U.S._states

redistricting
Gerrymandering – Proving All Politics Is Local
What is Gerrymandering, how does it happen and why? We look at examples and explore some alternatives.
What is it?

Gerrymandering refers to the process of carving out legislative districts for political advantage. In 1810, Elbridge Gerry, Governor of Massachusetts, began the process of redistricting, or repositioning congressional districts based on population changes. Shortly after he had finished and passed into law the new districts he had created, writers at the Boston Gazette compared the shape of one district to that of a salamander. Combining the name of Governor Gerry with the word salamander, they coined Gerry’s new district as a “Gerry”-mander, and the name has stuck ever since. The practice of Gerrymandering predates Governor Gerry, as founding father Patrick Henry originally designed Virginian electoral districts with the intent of foiling the election of James Madison.
http://politicsandpolicy.org/article/gerrymandering-proving-all-politics-local

#113 traderJim on 01.24.17 at 9:01 am

Yes we really need to beef up tax investigations and stop letting people keep the money they earn.

The people who didn’t earn it have an obvious right to it.

#114 Alternative Facts on 01.24.17 at 9:05 am

“[Trump] is a demagogue, who seems to appeal to the lowest common denominator.” – Stephen Hawking

“Maybe [Trump] will be different from who he was, and always is.” – Stephen Colbert

“I could stand in the middle of 5th Avenue and shoot somebody, and I wouldn’t lose voters.” – Donald Trump

“Before mass leaders seize the power to fit reality to their lies, their propaganda is marked by its extreme contempt for facts as such, for in their opinion [a] fact depends entirely on the power of [a] man who can fabricate it.” – Hannah Arendt

#115 Bottoms_Up on 01.24.17 at 9:22 am

#96 Piet on 01.24.17 at 12:45 am
—————————–
If instead you had taken that thought and energy and time and invested it elsewhere, you probably could have had a very fruitful career earning more than enough to live comfortably, while spending on and enjoying the finer things in life.

#116 Dupcheck on 01.24.17 at 9:27 am

Hey what happened to all of those Americans that wanted to flee to Canada? Was it all talk? I guess Trump is making it sweeter for them to stay put…

#117 IHCTD9 on 01.24.17 at 9:28 am

#71 Shortymac on 01.23.17 at 10:17 pm
I really hope house prices and thus rents corrects soon, I’m tired of being crazy prices and I’ve been getting kinda depressed about it.

You can barely find a house rental below 2,500/month, sucks when you want to start a family in the next 2 years and your clock is ticking.
______________________________________

Your alarm will be going off well before you see GTA housing in a good place in relation to GTA incomes. You may want to think about moving out to a less populous area. Small town Ontario outside of commuting range to the GTA will have you in a nice little starter home for less than 150K or 650.00/mo. payment. It’s never cost less than right now.

The GTA median household income is barely any improvement over what it is out here. Years ago you got a premium in the GTA – not anymore.

A couple pouring coffees at Timmies at 11.40/hr ea would bring in about 3K or so a month after tax. If their rent/mortgage was 650.00/month, they’re paying 22% of their take home income for shelter. You’d need to make $11,364.00 AFTER taxes to be in the same boat in the GTA based on 2500.00/month rent cost.

That’s somewhere north of 200K a year gross GTA household income required to equal the minimum wagers income/cost ratio for shelter out here. I’m betting your household probably doesn’t make over 200K a year right? Will it ever? That’s over 2.5X the current median in Toronto, probably 3X that of the whole GTA.

Do yourself and future kids a favour and get out, it’s only going to get worse income/cost wise. The wages to expense ratio out there has been steadily getting worse for near 20 years now. When I bought a house back in 2000, a similar GTA house in a good area was 2.5X the cost, to maintain a similar ratio today, that same house should cost 600K – but in reality it’s over a million, over 4.2X the cost. Meanwhile I could maybe make 5% more money in the GTA than I do now – maybe even 0%, job market is too saturated with educated degree holding folks willing to work for whatever they’re paying.

20 years from now the GTA will be hell on earth, they’ll be tolling sidewalks, and taxing the sun by then, and only the very wealthy (likely foreign) folks will own houses.

#118 Bat Flipper on 01.24.17 at 9:29 am

What will become of the oil sands?

Trump wants oil prices down. Drill baby Drill will be making a come back. Cost of doing business much higher in Canada plus Canada needs higher oil prices to stay in business.

Not a good outlook for energy in Canada.

Even in Nafta is left in tact, doubt it, the benefits of doing business in USA over Canada are far too great. Lots of companies will bring it back to the USA.

#119 Shortymac on 01.24.17 at 9:50 am

#101 Chico on 01.24.17 at 4:15 am

As someone who doesn’t pay close attention to American politics, I was shocked by the low quality of candidates.

Erich Fromm stated in the 50’s that he feared for America due to the average man’s disinterest in anything beyond his own personal well being. He was talking about the lack of involvement in the broader society, be it politics or important social issues.

In the late 80’s, Warren Bennis stated that America hadn’t had a real leader since JFK and Martin Luther King Jr.

I’m not trying to depress you, just state my opinion that something is fundamentally very wrong with America and it won’t get better unless people start taking responsibility for it’s outcome. Even though I don’t care much for Obama, I did appreciate his attitude after Trump won…if you don’t like the results, get out and vote. From what I have heard, the voter turnout for the Democrats was rather poor in many areas.

————————————————————–

Yeah both candidates where terrible, the person who really won was “no one”, 50% of the electorate didn’t show up.

I did my part and held my nose and voted for Hilary, I can’t believe my home country is gleefully spiraling towards the abyss.

Alternative facts are lies, there are only facts and spin.

I’m just glad I’m relatively safe in Canada.

#120 traderJim on 01.24.17 at 9:59 am

The women in pink hats and vagina suits don’t look to me to be smarter than Wilbur Ross, etc., sorry.

#121 willworkforpickles on 01.24.17 at 10:06 am

# 108 .,…Just reneging on the debt already held by foreign creditors will prove catastrophic enough.

#122 Victor V on 01.24.17 at 10:16 am

BREAKING: President Trump to advance the Keystone and Dakota Access pipelines with executive orders today

http://www.cnbc.com/2017/01/24/trump-to-advance-keystone-dakota-pipelines-with-executive-order-on-tuesday-nbc.html

#123 Victor V on 01.24.17 at 10:24 am

Jared Kushner, Trump’s Son-in-Law, Is Cleared to Serve as Adviser

https://www.nytimes.com/2017/01/21/us/politics/donald-trump-jared-kushner-justice-department.html

#124 Smoking Man on 01.24.17 at 10:27 am

What Trump is doing is truly amazing. Man does he have vision.

With globalism CEO’s of public traded companies have the obligation to deliver maximum profits for shareholders if they want to enjoy the 7 & 8 figure fun. Employees no matter how much lipstick you paint them with are just a commodity that is just like any other tool in the factory so to speak. But those tools are also customers. Technology is killing the customer base. Trump will bring it back.

What trumps policies will do is take a bit of loot from investors returns, and give it to the slaves and make more customers that have money to spend. And the CEO’s can give a bit back without the backlash from shareholders. Ceo’s can just blame Trump.

#125 The Technical Analyst (aka A Canadian Abroad) on 01.24.17 at 10:39 am

“Or, just maybe, Trump is all bark and no bite”

Trust me, this man is as serious as a heart attack, has more bite than Barks root beer and not only speaks loudly but also carries a big stick.

I have been researching Generational Theory for years now and it appears we are solidly in The Fourth Turning. Google search that if you are interested, it’s worth the read.

#126 Smoking Man on 01.24.17 at 10:48 am

Wow, talk about screwing T2 and Butts.

Trump goes forward with Keystone and Dakota pipelines.

Now if T2 rejects it to appease his tree hugger base, Oleary will destroy him badly.

If he goes for it, T2’s base will destroy him.

Gerald Butts? any strategy.

You lefty loons have been checkmated.

#127 crowdedelevatorfartz on 01.24.17 at 10:51 am

Here’s a breaking news story for all you paranoid, end of days, wackjobs to feast your goolys on…..

http://www.reuters.com/article/us-usa-china-southchinasea-idUSKBN1572M4?il=0

I’m already stocking the bunker with bumwad….the new currency going forward…….

#128 IHCTD9 on 01.24.17 at 10:57 am

#113 Bottoms_Up on 01.24.17 at 9:22 am
#96 Piet on 01.24.17 at 12:45 am
—————————–
If instead you had taken that thought and energy and time and invested it elsewhere, you probably could have had a very fruitful career earning more than enough to live comfortably, while spending on and enjoying the finer things in life.
__________________________________________

Might be hard to believe, but living simply and frugally is enjoyable and very satisfying for some folks. I’m one of them, obviously Piet is too.

The finer things in life to me are taking a run on the ATV, doing a little fishing, working on a personal project (I am restoring a dozer, and building a gasifier). I’d pass on a trip to Europe so I could put more hours into what I enjoy doing any day.

I did save and invest too, and I’ll have a nice pile to sit on when retirement comes along. I plan on growing it even more during retirement and getting by on CPP/OAS alone. I hope to pass whatever I can along down the line. I don’t need the money – the best things in life are free (or close to it).

#129 meslippery on 01.24.17 at 10:57 am

As a result, NAFTA tilted the economic playing field in favor of investors, and against workers and the environment, resulting in a hemispheric “race to the bottom” in wages and environmental quality.

Yeah 2003 report but for what its worth.

http://www.epi.org/publication/briefingpapers_bp147/

#130 Shortymac on 01.24.17 at 11:01 am

#104 WileE Toronto on 01.24.17 at 7:36 am

Hi Shortymac,

Sorry about your delimma. I am not sure, but I do not think rents will decrease if Toronto prices start to come down.

I am doing my research on selling. May still use a realtor that does my area. The house is detached and divided in 2 by floor, empty unfinished basement with laundry. I live in the upper level (3 bedroom) and can leave to my house next door. I am trying to sell to someone who will keep the main floor (excellent) tenants. I can even provide the mortgage at bank rates which may or may not be a selling feature.

I need to do a third party home inspection, some cleaning and minor painting. I already started to move out my stuff to the house next door.

In my last post I said the house was at St.Clair and Winona. I do not have permission to advertise it on GreaterFool but I would give you the address, for you to google if you want a pre-view or a flat out tour.

I do not comment that much but I read the new post everyday and I noticed you mentioned my earlier post.
I am talking to my lawyer and my tenants and doing my research. The area still has major upside , The Nest Condos (love the name, not no much the look of the building) is almost complete. I will keep you posted if anything happens soon. Time flys. Good luck finding a good rental ,or buying a home to start your family.

——————————————————–

Hug, thanks. It’s been a rough week with the whole inauguration and drama following it.

I’m genuinely curious about the look of the place at least.

#131 Smoking Man on 01.24.17 at 11:09 am

More evidence that the lefty loons are huge hypocrites.

Sheila Gunn Reid a rightie reporter for rebel media was covering the woman’s march in Edmonton when she was punched in the face by a man.

What do the lefty loony woman do, they help him escape. Time for de-indoctrination camps is all I’m saying. Lesbionic education and mind twisting is long overdue for extinction.

http://news.nationalpost.com/news/canada/alleged-assault-on-rebel-tv-reporter-at-womens-march-in-edmonton-draws-police-investigation

#132 IHCTD9 on 01.24.17 at 11:09 am

#116 Bat Flipper on 01.24.17 at 9:29 am
What will become of the oil sands?

Trump wants oil prices down. Drill baby Drill will be making a come back. Cost of doing business much higher in Canada plus Canada needs higher oil prices to stay in business.

Not a good outlook for energy in Canada.

Even in Nafta is left in tact, doubt it, the benefits of doing business in USA over Canada are far too great. Lots of companies will bring it back to the USA.
________________________________

Don’t worry about Trump, Trudeau and his bird-brain cabinet didn’t…

#133 Johnny Boy on 01.24.17 at 11:35 am

Alternative Facts.

Fact #1 Donald Trump is a genius.
Fact #2 Donald Trump is extremely stable.
Fact #3 Donald Trump is unpredictable.
Fact #4 Donald Trump is thick skinned.
Fact #5 Donald Trump is an honest stalwart businessman.
Fact #6 Donald Trump is a trustworthy citizen.
Fact #7 Donald Trump doesn’t like woman.
Fact #8 Donald Trump has never cheated on his wife.
Fact #9 Donald Trump dislikes Russia.
Fact #10 Donald Trump listens to other wise people for their input.
Fact #11 Donald Trump has never tried to dislodge people of color from their homes.
Fact #12 Donald Trump has never run a crooked school program.
Fact #13 Donald Trump is the best president Америка has ever seen, so far.

#134 Smallfry on 01.24.17 at 11:35 am

China seems to be relatively quiet right now….. I’m really hoping that they’ll pick up the phone or tweet a message to the US, about collecting the debt that’s owed to them. Wouldn’t that make things interesting??

#135 JimH on 01.24.17 at 11:46 am

#46 Erick on 01.23.17 at 8:21 pm
“I’m starting to think that they just used Mexico in the NAFTA to pressure down wages, social protection and taxes in some major industries like the car industry.
Now that it is well in control in the US, get rid of Mexico and bring back the plants and jobs in the US – we don’t need you anymore. Thanks for everything …”
=================================
I guess you don’t realize that Mexico exports $270 Billion to $295Billion in trade with the USA while IMPORTING $211Billion to $240Billion over the past 3 years. How would impoverishing an already poor country affect that?

Canada has been running a “normal” trade surplus with the USA of about $30Billion (before the drop in oil prices). Trump will do nothing to help out Canada. It’s ALL “America First” for now. Get over it!

https://www.census.gov/foreign-trade/balance/c2010.html

#136 Eks dee Sipal on 01.24.17 at 11:48 am

Hey Great Smoking One: Can we re-name Donald Trump, the Batman? Stock Market crash coming, right?

#137 Rexx Rock on 01.24.17 at 11:52 am

Trump says he wants a weaker dollar,no interests hike this year.Maybe a cut.Cad keeps climbing up.Rockin real estate in Victoria,a house sold for over $250,000 asking price to an American investor.No inventory,everyone’s moving here if they have money.Just like Vancouver and Toronto your house is your pension.You gotta love pension increases of over 25% a year.

#138 soost on 01.24.17 at 11:53 am

Just watch T2 as he makes concession after concession under the guise of some meaningless fluff like ‘collaborative negotiation’. He will fail use. He will crumble.
Those selfies tho.

#139 46 and 2 on 01.24.17 at 11:55 am

Trump is going to move on Keystone XL which will help and might save both the Alberta and Canadian economy.

Be interesting to see what both T2 and Notley have to say about this.

Let the sidestepping, lies and cover ups begin…should be a challenge for the speech writers.

My advice to both T2 and Notley is to (like Trump) learn how to deny everything….Trump has turned this into an art form.

#140 JimH on 01.24.17 at 11:58 am

#122 Smoking Man on 01.24.17 at 10:27 am
“What Trump is doing is truly amazing. Man does he have vision.
With globalism CEO’s of public traded companies have the obligation to deliver maximum profits for shareholders if they want to enjoy the 7 & 8 figure fun. Employees no matter how much lipstick you paint them with are just a commodity that is just like any other tool in the factory so to speak. But those tools are also customers. Technology is killing the customer base. Trump will bring it back.

What trumps policies will do is take a bit of loot from investors returns, and give it to the slaves and make more customers that have money to spend. And the CEO’s can give a bit back without the backlash from shareholders. Ceo’s can just blame Trump.
==============================
Is this the Johnnie Walker or the Jack Daniels wisdom talking?
Trump is pissing folks off down here, Smokie. The Dems underestimated the anger down here all through 2016.
The Republicans will do the same in 2017 and beyond at their peril. The pendulum is swinging; just as it always does!

http://www.vox.com/policy-and-politics/2016/12/8/13862624/joe-walsh-donald-trump-tea-party-obama-bannon-alt-right-2016-election

#141 soost on 01.24.17 at 12:20 pm

Keystone will not save us. Trumpster will demand it be built with US steel and labour and demand a share of the operating profits.

When T2 does not concede Trumpster will set out to make an example of our nation – we are mere fodder.

T2 will pretend he is taking on the moral high-ground through “collaborative negotiation” and get decimated. Time to call a general.

#142 Barb on 01.24.17 at 12:23 pm

#118 traderJim on 01.24.17 at 9:59 am

” The women in pink hats and vagina suits don’t look to me to be smarter…”

—————————————-
disgusting comment.

#143 Doug in London on 01.24.17 at 12:34 pm

Wow, the predictions of coming apocalypse are running rampant here, especially for Canada. Myself, I plan to keep calm and carry on. However, I will be closely watching for any investment opportunities that may arise. As the saying goes, there’s difficulty in every opportunity and opportunity in every difficulty. Or, as Warren Buffet says, never let a good crisis go to waste.

#144 Mixed Bag on 01.24.17 at 12:59 pm

#123 The Technical Analyst (aka A Canadian Abroad) on 01.24.17 at 10:39 am

Thanks.

#145 Stephen Shaw on 01.24.17 at 12:59 pm

Imagine if Trump is right and the pinheads holding the IKEA sign in your masthead today are wrong.

#146 CTO on 01.24.17 at 1:01 pm

On this date, when Trump is just getting started, it’s amazing to see comments, on other web sites like CBC of people saying “Toronto is Manhattenizing!”
What? based on what? immigration?
or is it based on Manhatten style jobs.?
Yes, there are a few rich people on Bay St, but most of the GTA’s jobs are at the shopping mall!
I wouldn’t be supprised if they are the ones with the $1,000,000 mortgages.
Good luck Toronto at maintaining your lifestyles and mimicking other cities.

#147 TrumpForTheAges on 01.24.17 at 1:03 pm

An interesting take on the implications of Trump’s trade policies on Canada.

http://www.businessinsider.com/why-canada-is-the-country-to-watch-on-trumps-trade-policy-2017-1

#148 jess on 01.24.17 at 1:08 pm

Government of Canada participates in meeting of tax administrations to share findings on Panama Papers
January 20, 2017
http://news.gc.ca/web/article-en.do?nid=1181069

#149 For those about to flop... on 01.24.17 at 1:13 pm

Well , as the Pink Snowball picks up pace ,getting bigger each week it will be interesting how many people get mowed down this spring.

With still a week to go this month, greater Vancouver has already passed through the $ 100m in listed price reductions.

There has been over 1000 price reductions and 225 greedy guts’ trying to club the seals that aren’t paying attention,with an average reduction of 85k or around 4%

My neighborhood has been hit hard and it is less than 10 kilometres from downtown.The average sold price in May was 1.4m and is now 760k or a 46% drop in less than 9 months.People aren’t selling their houses at this steep a discount,things haven’t gotten that desperate yet just a switch over to condos and townhouses combined with lower house prices.

What was flying off the shelf for 1.6 last spring cannot garner a bid for 1.2. at the moment.

Fresh inventory has slowly started to become available everyday but there are still lots of scraps from last year to pick over including 3 attempted flips nearby that will be lucky to get most of their money back.

A lot of things have changed in the last year, but the main one affecting things at the moment is market sentiment…

M42BC

#150 TurnerNation on 01.24.17 at 1:20 pm

As some already noted here today life in the GTA – a hellish leftist/unionista/Sunshine list ghetto – is about to get worse:

http://www.cbc.ca/beta/news/canada/toronto/toronto-budget-average-family-1.3948854

“Average Toronto family could pay nearly $700 more in local taxes, fees
Based on data from December’s preliminary budget, tax, fee hikes could add up to big money”

#151 slippery cricket on 01.24.17 at 1:28 pm

Hey stock picker good to hear your enjoying life. But for countries to achieve a higher Human Development index as we enjoy here it requires a tax base. Very few countries have zero sales tax and when they do the infrastructure suffers.
We have a long way to go to make it to 45% self employed in just a decade.

#152 WileE Toronto on 01.24.17 at 1:31 pm

#128 Shortymac

Hi, the house was owned by 2 elderly sisters (my old neighbours) when I bought it in 2009. I replaced the windows, furnace, and had to replace the knob and tube wiring in order to insure it. I added one new meter to separate the electrical for each floor. Replaced two bathrooms, its had 2 kitchens also but I only updated one (from IKEA), nothing fancy. The other kitchen was original to the house and in remarkably good shape for 80 yrs.

The Look?…house is all brick , detached , 26′ front by 100′, mutual driveway, 2 car wood garage, wood deck in the small yard , wood balcony on both floors w/fire escape. I converted the 2 car garage to a work shop and the yard ends at ST.Alphonsus Catholic School, so you hear recess noise a few times a day.

It still needs new some TLC, but its a solid straight old house and I think I am only the 3rd owner, pretty incredible for a house from the 1930s

Take care

M46ON

#153 jess on 01.24.17 at 1:39 pm

“ground” rent investors
https://www.theguardian.com/money/2016/nov/05/ground-rent-scandal-engulfing-new-home-buyers-leasehold

‘We paid £101,000 for our Taylor Wimpey home in 2010 – now it’s valued at zero’

Can a newly built apartment from Taylor Wimpey effectively be worth nothing after just six years? Sean Greenwood’s wife paid £101,000 for a flat in a new development in Gornal, on the edge of Dudley, which she was told would be a great way to get on to the property ladder. But he claims that some banks and building societies are refusing to give mortgages to prospective buyers because a clause in the original leasehold agreement means owners are liable to pay ground rent to the freeholder that will spiral to £8,000 a year.

http://www.telegraph.co.uk/property/house-prices/leasehold-scandal-ground-rent-that-starts-at-250-then-rockets-to/

#154 46 and 2 on 01.24.17 at 1:59 pm

Don’t forget that Canada is the USA’s single biggest customer and visa versa. We are also a very cost effective customer and supplier, transportation logistics alone will tell you that.

I think we do business with at least 35 states.

You can think what you want about protectionism, the fact is that they need us and we need them.

If anything we are going to become even more intertwined BUT the USA will be making the rules.

#155 fizzy on 01.24.17 at 1:59 pm

For any sane CEO or board, it should not matter what incentives US offers with tax and regulation cuts, because the risk is just too high. You can’t price the kind of uncertainty that country has plunged itself into. You can’t price stupid.

#156 Smoking Man on 01.24.17 at 2:00 pm

Lefties going insane on twitter over #Keystone

#157 Smoking Man on 01.24.17 at 2:02 pm

#140 Barb on 01.24.17 at 12:23 pm
#118 traderJim on 01.24.17 at 9:59 am

” The women in pink hats and vagina suits don’t look to me to be smarter…”

—————————————-
disgusting comment.

……

Obviously you saw the pics on line. Disgusting.

#158 IHCTD9 on 01.24.17 at 2:33 pm

#148 TurnerNation on 01.24.17 at 1:20 pm
As some already noted here today life in the GTA – a hellish leftist/unionista/Sunshine list ghetto – is about to get worse:

http://www.cbc.ca/beta/news/canada/toronto/toronto-budget-average-family-1.3948854

“Average Toronto family could pay nearly $700 more in local taxes, fees
Based on data from December’s preliminary budget, tax, fee hikes could add up to big money”
__________________________________

Won’t be an end to it, the city is perennially broke and taking in way more of Canada’s immigration numbers than any other city. Not enough money in the GTA to support the population. Just wait until all the mayors decide that the GTA needs to bring property taxes in line with home values – just like Vancouver did…

#159 46 and 2 on 01.24.17 at 2:35 pm

Well, at least the cat is out of the bag, along with Trump we now know that we cannot trust ANYTHING T2 or Notley says.

All 3 just make it up as they go along.

#160 IHCTD9 on 01.24.17 at 2:37 pm

#140 Barb on 01.24.17 at 12:23 pm
#118 traderJim on 01.24.17 at 9:59 am

” The women in pink hats and vagina suits don’t look to me to be smarter…”

—————————————-
disgusting comment.

___________________

Incorrect, comment was top notch, solid gold.

#161 TurnerNation on 01.24.17 at 2:37 pm

World class? Even Michelin star rating is avoiding this provincial backwater.

http://www.postcity.com/Eat-Shop-Do/Eat/January-2017/The-Michelin-restaurant-guide-doesnt-bother-with-Toronto-Should-we-care/

#162 IHCTD9 on 01.24.17 at 2:41 pm

#152 46 and 2 on 01.24.17 at 1:59 pm
Don’t forget that Canada is the USA’s single biggest customer and visa versa. We are also a very cost effective customer and supplier, transportation logistics alone will tell you that.

I think we do business with at least 35 states.

You can think what you want about protectionism, the fact is that they need us and we need them.

If anything we are going to become even more intertwined BUT the USA will be making the rules.

____________________________________________

Maybe Trump will insist Canada becomes part of the USA, and all Premieres and the PMOC will be replaced by Trump appointees.

I can’t wait.

#163 Shortymac on 01.24.17 at 2:47 pm

#115 IHCTD9 on 01.24.17 at 9:28 am

Your alarm will be going off well before you see GTA housing in a good place in relation to GTA incomes. You may want to think about moving out to a less populous area. Small town Ontario outside of commuting range to the GTA will have you in a nice little starter home for less than 150K or 650.00/mo. payment. It’s never cost less than right now.

The GTA median household income is barely any improvement over what it is out here. Years ago you got a premium in the GTA – not anymore.

A couple pouring coffees at Timmies at 11.40/hr ea would bring in about 3K or so a month after tax. If their rent/mortgage was 650.00/month, they’re paying 22% of their take home income for shelter. You’d need to make $11,364.00 AFTER taxes to be in the same boat in the GTA based on 2500.00/month rent cost.

That’s somewhere north of 200K a year gross GTA household income required to equal the minimum wagers income/cost ratio for shelter out here. I’m betting your household probably doesn’t make over 200K a year right? Will it ever? That’s over 2.5X the current median in Toronto, probably 3X that of the whole GTA.

Do yourself and future kids a favour and get out, it’s only going to get worse income/cost wise. The wages to expense ratio out there has been steadily getting worse for near 20 years now. When I bought a house back in 2000, a similar GTA house in a good area was 2.5X the cost, to maintain a similar ratio today, that same house should cost 600K – but in reality it’s over a million, over 4.2X the cost. Meanwhile I could maybe make 5% more money in the GTA than I do now – maybe even 0%, job market is too saturated with educated degree holding folks willing to work for whatever they’re paying.

20 years from now the GTA will be hell on earth, they’ll be tolling sidewalks, and taxing the sun by then, and only the very wealthy (likely foreign) folks will own houses.

——————————————————————-

Actually, My husband and I where looking to move out to suburbia. But the higher prices have bled north.

Even in Barrie you cannot find a home for that price range, the average is closer to 300k-400k for a starter home. Plenty of new “luxury” sub-divisions moved in and raised the prices. There are only a handful of non-mobile or retirement homes below 300k according to the realtor.ca

Hubby is from the alliston-barrie-innisfil area and there are basically no jobs out there, especially in my career (IT project manager). My sis-in-law is struggling to even find a secretarial job. :(

So it would be get a cheaper mortgage but suffer a long commute with car and gas costs, or stay in the GTA with higher prices.

#164 Stephen Shaw on 01.24.17 at 3:07 pm

‘Unstable’ Trump just handed Alberta a lifeline.

#165 Grooby on 01.24.17 at 3:09 pm

It has been proven time and again that Free Trade agreements enrich all participants, NAFTA included.

The issue isn’t about wealth generation, but wealth distribution. Trade is not a zero-sum game. Problem is, most of the wealth generated from NAFTA went to those who needed it the least (i.e. the ruling elites).

If how the increased wealth will be distributed is not addressed, we shouldn’t be surprised to see a reaction to it. But the target of anger is incorrect, not surprisingly. Trump’s not intelligent enough to realize it; he promises greater distribution (better health care, more jobs), but instead attacks wealth generation.

The Chinese-led RCEP will more than address the gap left after the failure of TPP; it wasn’t perfect, but key issues were still up for negotiation. USA has lost a chance to surround their enemy with friendly client states via TPP. It’s geopolitics, not economics.

The 21st century has pretty much been handed to China.

#166 For those about to flop... on 01.24.17 at 3:11 pm

I’ve put this up before, but it seems like a few people would be interested seeing it again.

The state of trade in America before the Orange Octopus swam into the cave…

M42BC

http://www.businessinsider.com/state-and-country-trade-maps-2015-7

#167 Kevin's Fanzone on 01.24.17 at 3:12 pm

Here is what is so interesting about how ignorant and arrogant the lefties/vagina hat people are about oil.

Oil creates plastic and fertilizer. While we are working towards sustainability like extended range electric vehicles, plastics creating homes, products and things we need everyday, the need for natural products will naturally go down.

The farther in advancement we make with plastics (oil) the further we will get away from wood and stone (the natural environment you look at everyday).

If all we had to do was drill for oil and leave the rest of the world pristine, wouldn’t that be a good thing?

Just saying.

#168 Pete on 01.24.17 at 3:13 pm

Smoking Man on 01.24.17 at 2:00 pm
Lefties going insane on twitter over #Keystone

Righties are going crazy that Trump is pulled out of TPP and wanting to so NAFTA again. Righties also screaming that well paying union jobs flooding back to US as the scam called free trade is exposed by Left wing Trump.

#169 46 and 2 on 01.24.17 at 3:22 pm

#162 Steven Shaw

It’s only a lifeline if Notley does a complete about face on EVERYTHING or resigns.

She scares the sh*t out of big money and big oil.

If either one of those things happen then you will know who is steering the ship.

#170 GenXer on 01.24.17 at 3:27 pm

#129 Smoking Man on 01.24.17 at 11:09 am
More evidence that the lefty loons are huge hypocrites.

Sheila Gunn Reid a rightie reporter for rebel media was covering the woman’s march in Edmonton when she was punched in the face by a man.

What do the lefty loony woman do, they help him escape. Time for de-indoctrination camps is all I’m saying. Lesbionic education and mind twisting is long overdue for extinction.

Hey Smokie,

You can’t believe anything you read on the rebel. Turns out it’s #fakenews. The guy smacked her camera but made no physical contact with SGR. Three different angles proving this have been given to the police. Ezra and crew may be facing charges for making false reports for the “He punched me/her in the face” claims. #lugenpresse

#171 Hairhead on 01.24.17 at 3:38 pm

What is most disheartening about this blog is the number of Canadians who actively HATE Canada and virtually all other Canadians. The seething rage, the borderline obscene comments, particularly about women, the virtually orgasmic gloating over Canada’s coming “destruction” (unlikely) are all far more disturbing than the economic news, forecasts, and opinions. No country is made of money; countries are comprised of their citizenry, and the way individuals and groups get along has a profound effect on the economy, standards of living, and satisfaction with life.

And so a question for Garth, amid all of the self-loathing here: You clearly love Canada, viz your public service, and you certainly have the financial resources to leave and not have to police this blog anymore; what keeps you here?

#172 Euro observer on 01.24.17 at 3:49 pm

#163 Grooby on 01.24.17 at 3:09 pm
It has been proven time and again that Free Trade agreements enrich all participants, NAFTA included.

The issue isn’t about wealth generation, but wealth distribution. Trade is not a zero-sum game. Problem is, most of the wealth generated from NAFTA went to those who needed it the least (i.e. the ruling elites).

If how the increased wealth will be distributed is not addressed, we shouldn’t be surprised to see a reaction to it. But the target of anger is incorrect, not surprisingly. Trump’s not intelligent enough to realize it; he promises greater distribution (better health care, more jobs), but instead attacks wealth generation.

The Chinese-led RCEP will more than address the gap left after the failure of TPP; it wasn’t perfect, but key issues were still up for negotiation. USA has lost a chance to surround their enemy with friendly client states via TPP. It’s geopolitics, not economics.

The 21st century has pretty much been handed to China.

—————————

It is much, much deeper than that.

In 5-10 years AI – Artificial intelligence will take over most of the current jobs, including military, with US in the leading seat on it.

The also control key media outlets and all important technology companies.

So the US future is bright.

Then the question becomes one of resources and land.
US already controls Canada/or can control it easily economically. Then it remains Russia. With Russia as an ally US is unstoppable. Russia has all the resources needed to ensure strategic advantage to US.

Europe will remain strong economy but not a leading political force.

It seems the shift in politics with Trump is just the smoke and mirror screen for the major shift in the world.

China will lead consumption in the next 5-10 years and might build its own mini-empire but lacks the strategic advantage of US in know-how, current policy it seems is to limit distribution of US know-how abroad in order to provide strategic advantage to US in long term.

They just need to attract the world brains as they have done in the past.

Of course US still needs to address the health care and GMO-Food issues in order to get healthy population.

Libtards are completely clueless to the tectonic shift coming in the next years to decade.

#173 Euro observer on 01.24.17 at 3:55 pm

#169 Hairhead
—————–
They are not hating Canada, they are hating the idiot politicians and rulers (e.g. super rich oligopolies that control it). Which is not Canada.

#174 46 and 2 on 01.24.17 at 4:45 pm

#169 Hairhead

I don’t hate my country at all, I like being a Canadian.

I think most Canadians are actually quite stupid and lazy and have no idea what we are capable of.

I also think we have been mismanaged for decades.

#175 Metaxa on 01.24.17 at 4:46 pm

#169 Hairhead:

Perhaps I can explain a bit.

Garth is an old school Progressive Conservative, as am I.

The number of people who post here and think they’re able to assess the impact of a 16 party international trade agreement using nothing but their average intellect and absolutely zero knowledge on the topic is astounding.

This comment section is even seeing more exclamation points!!!! and ALL CAPS posts.

The misogyny and doomer gloating is a product of a forum attended by a majority conservative male audience.

Post after post unable to delineate between “your” and you’re”.

It goes on and is tolerated because this type of fearful anger percolates up, the riding and constituency office hears this daily, the candidate must tailor his or her public message to this outlook (catering to the base…see Harper’s pre-election visit with the Fords), the candidate gets elected and look where we are.

However they fail to comprehend that its only 30% of Canadian voters who will vote hard right and even that will erode the more “venturesome” the platform is.

So Garth is ensuring the candidacy of O’Leary is modeled after Donnie Fondles and therefor fails on all fronts three years hence.

Kevin retreats back to the US, Garth stops chumming the water to attract these keyboard warriors, the posts all rise to the informational level guys like me are here for, Canada realizes that true old school Progressive Conservatism is perhaps the way to go and we enjoy either PC or Liberal minority governments with a strong NDP reminding those in power what Canada really stands for, domestically and internationally.

Then, Garth runs for Prime Minister and wins, I’m long dead because I’m old now but I’ve left this blueprint to Make Canada Great Again.

Sorry for length but its a complicated plan, eh?

I’m with you, btw, life is good in Canada…if you want it to be.

#176 westcdn on 01.24.17 at 4:57 pm

A millennial that I liked would diss me – even though I did not hear it. He was a bit of off a braggart but I liked sparring with him. He had a trophy wife and would tell me about his sexual episodes – actually most of the guys had trophy wives judging from the xmas parties I attended. It was amazing to watch the women compete.

I am trying to wind down my RIF. I ask for a 30% withholding to the CRA. Man that hurts without counting on top of property, sin and carbon taxes. I am Canadian but I am thinking of leaving.

#177 Hairhead on 01.24.17 at 5:12 pm

Metaxa @ 173: Thank you for your perspective. I read all of your posts and enjoy them.

As for myself, if the old-style Progressive Conservatives (ie a party which could make sense only in Canada) existed today, I would vote for them over the Liberals, though I would seriously consider the NDP, if Jack Layton hadn’t died. (Why? Because all institutions, over time, become corrupt, sclerotic, and dysfunctional, and need to be roto-rootered out occasionally.)

Economics is hard, yes, but all analyses of economic/political policies must address the impact on the majority of individuals in the country NOT the false and misleading measures such as GDP, national wealth, ans such. If enough people in a society are impoverished, insecure, and angry, the society becomes unstable and the economic policies are revealed as incorrect for the time and technology. This explains Trump.

#178 46 and 2 on 01.24.17 at 5:31 pm

It would be interesting if O’Leary set his sights on Alberta first.

Easy pickings….

Even more fun, he strikes a boardroom deal with the NDP to take over as leader, get voted in by a set up by election, move to use his majority to declare the Alberta NDP a separatist party, stop talking to the rest of the country, start talking to the state of Montana, keep the pipeline in our boarders and sell to the US exclusive. Now THAT would keep T2 up at night.

#179 noise on 01.24.17 at 5:32 pm

turn it down–leave your balanced portfolio alone.

tactical moves because of random thoughts doesnt work for most PROFESSIONAL, let alone the average investor

remember Nov? trump won and most pundits were calling for a market correction. How did that work out?

#180 conan on 01.24.17 at 5:32 pm

#174 westcdn on 01.24.17 at 4:57 pm

“It was amazing to watch the women compete.”

Reminds me of the time I was allowed to “crash” a NHL player party at a local watering hole.

Besides being mistaken for a player myself, and being women handled because of it, it was a textbook study on who the true hunters are in the world of human mating rituals.

#181 jess on 01.24.17 at 6:00 pm

162 Stephen Shaw on 01.24.17 at 3:07 pm

Jan. 24, 2017, 12:40 p.m.
Trump administration orders media blackout at EPA
Associated Press

#182 jess on 01.24.17 at 6:27 pm

some believe”
By Donald R. van der Vaart
http://www.newsobserver.com/opinion/op-ed/article31133390.html

go back a little
2011
https://www.facingsouth.org/2011/07/landmark-tva-pollution-settlement-will-help-the-south-breathe-easier.html
“Many years of hard work went into winning this settlement for the people of North Carolina, and I’m pleased that we’ve achieved this resolution,” said North Carolina Attorney General Roy Cooper. “Our air and our water will be cleaner and our people and our economy healthier thanks to this settlement.”

“TVA is the largest electricity provider in the United States, with a service territory stretching across Alabama, Georgia, Kentucky, Mississippi, North Carolina, Tennessee and Virginia. It currently operates a total of 59 coal-fired units at 11 plants, with a total generation capacity of about 17,407 megawatts.”

Assistant Attorney General Emily Vann sent a letter to TVA Wednesday explaining that it was violating state law by withholding water quality data. State environmental regulators learned about the high pollution levels when TVA contacted them on Dec. 16. After the Tennessee Department of Environment and Conservation requested the detailed data, TVA declined, according to the letter.

TVA spokesman Scott Brooks said the agency notified the state about the high levels, but didn’t want to provide “unvalidated raw data.” He added, “This data is from on-site monitoring wells and there is no evidence that drinking water supplies are at risk from coal ash at Gallatin.”

Beth Alexander, senior attorney in the Nashville office of the Southern Environmental Law Center, called the data issue a “blatant act of deception” and “just one example in a long line of egregious abuses of power and lack of transparency.”

Alexander is representing the Tennessee Clean Water Network and the Tennessee Scenic Rivers Association in the federal trial, which begins Jan. 30 in Nashville”

http://www.tennessean.com/story/news/environment/2017/01/05/state-attorney-general-demands-tva-release-water-pollution-data/96217262/

#183 maxx on 01.24.17 at 8:08 pm

#125 crowdedelevatorfartz on 01.24.17 at 10:51 am

Now THAT was hilarious!

Thanks for the laugh.

#184 WUL on 01.24.17 at 11:00 pm

On the Keystone XL move by Trump and its renegotiation, we have not heard champagne corks popping from TCPL’s HQ. I’m wondering if the Great Negotiator might play a card in addition to American steel pipe and American labour. On its way from Hardisty, Ab. to Steele City,Neb. it spins through the Bakken in the Dakotas and the fracker’s light crude. Yes, the pipe was to carry diluted bitumen and synthetic crude from my ‘hood here in the Taiga but it was also intended to ship the US lighter stuff. On his way to creating an energy independent energy superpower, will he insist upon displacement of our shippers in favour of his shippers? Nah. That would be more regulation and red tape. Or not. We’ll see.

#185 JimH on 01.25.17 at 12:21 am

Re: Keystone
This sad excuse for a pipeline (the part already constructed) has had three (3) ruptures since July, 2016.

Oh please… lets run it through the USA, too!

Any idea of the opposition this will arouse from an already pissed-off populace?

#186 JimH on 01.25.17 at 12:22 am

Re: Keystone II

This and the DA pipeline will provide 35 permanent jobs in the USA.

We’re not stupid…

#187 JimH on 01.25.17 at 12:53 am

For all those Canucks who fancy themselves expert pundits on the US employment numbers;

https://research.stlouisfed.org/publications/employment.php?utm_medium=email&utm_campaign=201701B%20Research%20Newsletter&utm_content=201701B%20Research%20Newsletter+CID_936e617eb35fc91255d82d5947b1291a&utm_source=Research%20newsletter&utm_term=Employment%20Research

Thank god I went to a Canadian High School in an era where we actually learned a thing or two about critical thinking. (back in the 60’s)

#188 Doug in London on 01.25.17 at 11:30 am

@Jim H, post #183:
Yes, the pissed off populace who drive cars than consume GASOLINE or DIESEL FUEL. The populace that flies longer distance in planes that burn JET FUEL. The populace that consumes foods produced on farms where machinery runs on GASOLINE or DIESEL FUEL. The food is transported to processing plants and supermarkets in trucks, or longer distance on trains that use DIESEL FUEL. These vehicles use lubricating oils that came from PETROLEUM. The list goes on and on and on and on. Until live in a world that no longer uses oil, we will need pipelines.