The choice

If polls mean anything, Tuesday night Premier Kenney will stand on a stage, rage into the mics and declare war on Ottawa. Albertans will be the latest group to throw the current bums out in favour of new ones. The Canadian tradition of voting against stuff (in this case, Notley, Trudeau, Quebec, BC, carbon taxes, Tesla, climate change, foreigners and socialists) will flower.

Kenney’s coalition right-wing UCP has said it wants a Brexit-style referendum in 2021 to possibly remove Alberta from the plan that equalizes the economies of all provinces. No wonder the slogan of this campaign has been ‘Alberta Strong & Free.’ Freedom includes removing Albertans – the most heavily indebted of all Canadian households – from the CMHC mortgage stress test, so they can borrow more. Kenney would spend $30 million on a new provincial propaganda office as part of a ‘war room’ campaign. Albertans would be exempted from the carbon tax everyone’s now paying, although it contains the country’s largest emitters. And Kenney says he will invoke ‘Turn off the Taps’ legislation to starve BC of energy if that province opposes his agenda.

   If you live in AB and just muttered, “Hell, yeah!,” then Jason’s your boy. And it looks like he’ll win, unleashing the hounds of populism in a province ripe for them. Voters have been told this is all about the pipelines, the economy and jobs, jobs, jobs. Since the oil price collapse of 2015 it’s been a tough go. The commercial vacancy rate in Calgary tops 30%. The price of a detached house in Cowtown has declined for nine months straight. Real estate in Alberta peaked out in 2014, and more than 120,000 jobs have vanished. Despite Ottawa spending $4.5 billion to buy a pipeline company, none have been built.

There is no greater incentive when casting a ballot than being able to support your family. And while Rachel Notley is far to the right of BC’s Comrade Premier Horgan, Kenney is positively Trumpian in comparison. What happens this week could be the harbinger of a new period in Canadian politics with Scheer, Ford and the Albertan rebel. Will it be a force for common sense in the face of excessive taxation and government overreach? Or the moment we adopt the hard left-right political divide that’s torn up America?

We’ll see. Right now it’s just rhetoric. Remember that politicians campaign in poetry and govern in prose. Even the cowboys.

      

Two weeks to the tax filing deadline and you’re going to make it, right?

Well, 2018 was an interesting one for the millions of people who dabbled in Bitcoin and other kleptocurrencies. The ill-fated pseudo-currency started out 2018 at $15,000 and finished it at $3,800. Yes, kids, a one-year shellacking of 74.6%. Making this even more painful is that most of the 2018 buys were done on plastic (before the major credit card companies cut investors off). In other words, there are big capital losses for investors to claim – at least those who were smart enough to jump off this turkey as it plunged to earth. (In fairness it’s worth noting BTC has rallied back to $5,000 of late. But don’t get too excited.)

Now here is an interesting twist.

A recent Twitter survey (the most reliable kind…) found that 81% of crypto investors say there’s no chance in hell they’ll report gains or losses on their tax returns, while just 15% intend to comply with the law. And, yes, it is the law. Bitcoin, ethereum and other digital ‘currencies’ are investment assets just like stocks, ETFs, mutual funds, gold bullion or bonds. When you buy and sell to realize a capital gain, it’s reportable and taxable. Ditto for a loss – which can be used to reduce the tax load on assets that rose in value.

If you’re an idiot moister who bought $30,000 of BTC on your Visa at 19% interest and ended up selling it for $9,000, report it. Even if there’s nothing in your possession to write the loss off against, since this can be carried forward into future years and used then to reduce taxes.

For those who believe getting into crypto was all about sticking it to The Man, thumbing your nose at central banks, governments and tax agencies, think again. The CRA has one of their famous ‘projects’ on the go now tracking down BTC buyers, even though many did deals through unregulated, unenforced, unreliable and offshore exchanges.

You used your credit card, remember? Duh.

 

151 comments ↓

#1 crowdedelevatorfartz on 04.14.19 at 4:30 pm

I guess BC could threaten to cut off our wine to Alberta but that would only affect about 10 of them…

#2 Penny Henny on 04.14.19 at 4:33 pm

Voters have been told this is all about the pipelines, the economy and jobs, jobs, jobs. -GT

That sounds like Trudeau’s line about SNC, sans the pipelines part.

#3 CROOKED JASON KENNEY - LOCK HIM UP!! on 04.14.19 at 4:36 pm

If Alberta votes for this UCP election-rigging fraudster, the province is toast.

https://edmontonjournal.com/opinion/columnists/keith-gerein-ucp-leadership-revelations-a-scandal-of-ethics-integrity-and-hypocrisy

(Sell your Calgary homes asap at whatever price you can get in that case, it will only get much, much worse with the UCP)

#4 dosouth on 04.14.19 at 4:37 pm

Right or left….something has to be better than issuing apologies, paying for mistakes that cannot be changed and cash has never fixed. Throwing out ministers that tell the truth, can’t keep a secret(thank goodness) and challenge the “club” mentality.

Moving all directions but forward, paying millions and doing nothing for the middle income, making deals behind closed doors that benefit this party or that corporation or that province, in the east, you know, but not, again, the people who get taxed the hardest and get the least in return.

We are 1% of the world’s global carbon index and less than that in population but the highest unemployment in N.A. and being told to fall in line and behave because I am leading and in my 40’/30’s and know what’s best for you.

You can see where this is going can’t you?

We usually are behind the states by 4-5 years in policies and actions so since the “cumbyah and the greens” aren’t working…let’s give a shot at something that will create change, one way or another.

#5 doogie on 04.14.19 at 4:41 pm

eerrr.. furst?

#6 Sold Out on 04.14.19 at 4:41 pm

While those of us in BC can certainly feel the white hot anger radiating from Alberta these days, it is misplaced. Low oil prices aren’t a made in Canada problem, and won’t be solved by the UCP. What is Kenney going to pull out of the hat in 4 years time, when oil prices may be even lower? Whipping people into a righteous lather, then under-delivering, is a recipe for insurrection. Remember, pendulums swing in two directions, and as our sagacious host points out, we only vote parties out in our elections.

#7 Red_falcon on 04.14.19 at 4:43 pm

Best time to invest was twenty years ago. The 2nd best time to invest is today.

#8 Derek R on 04.14.19 at 4:48 pm

Bitcoin tax losses? So it’s actually good for something. Yay!

#9 Shawn Allen on 04.14.19 at 4:49 pm

Credit Cards?

Are in fact mostly used as payment cards. No sane person who bought Bitcoin on a credit card did it without paying that off without interest.

The poor people paying 19% on every day purchases as well as merchants get to subsidize the richer people via the giant kick-back scheme known as “reward cards”.

Hope everyone who collects personal points or rewards on a corporate card is reporting the that taxable benefit. Actually I’d be surprised if anyone does. But is it not a taxable benefit?

Visa and MasterCard are basically unregulated-as-to-fees monopolies as far as merchants are concerned. A typical retailer has absolutely no choice but to accept both of those cards.

It would be easy pickings for a federal party to run on a platform of reducing merchant discount fees to 1%. But wait that would only help the poorer people and retailers so will not fly.

#10 prairie person on 04.14.19 at 4:50 pm

Kenny isn’t running against Notley. She’s just road kill. He’s running against Trudeau and Trudeau is so disliked that the Cons could have had Ronald MacDonald as their leader and still won. It is a stunning reversal. That’s the problem with pinning everything on your leader. If he gets it wrong, the party has nowhere to go for redemption.

#11 BS on 04.14.19 at 4:52 pm

“If you live in AB and just muttered, “Hell, yeah!,” then Jason’s your boy.”

I’m from BC and I just muttered, Hell, yeah!

These left wing phonies need to be called out. Here is BC we have premier Horgan implementing a carbon tax on gasoline higher then federally mandated and then starts squawking that gas prices are too high months later. Isn’t that the point of the carbon tax? Make prices high enough to make people use less? Nope, the point is to collect more taxes and suck in people to accept it thinking they are saving the planet by paying the tax. Hilarious people fall for this stuff. Bring on Kenney.

https://www.cbc.ca/news/canada/british-columbia/bc-gas-prices-record-1.5085405

#12 BS on 04.14.19 at 4:54 pm

“The CRA has one of their famous ‘projects’ on the go now tracking down BTC buyers”

Why? Do they want to make sure they all claim their capital losses?

#13 dr talc on 04.14.19 at 4:59 pm

Freedom includes removing Albertans – the most heavily indebted of all Canadian households – from the CMHC mortgage stress test

——
Jason should watch the Zapruder film again.

#14 Ustabe on 04.14.19 at 5:06 pm

Confirmed bachelor Jason Kenney’s talk of turn off the taps legislation is the most pandering, thoughtless and illogical muttering I have ever seen.

You no longer win by escalating, you win by out maneuvering. Recall BC is a province that unwound the HST at a cost of millions just to make a point to the politicos. Little Jason best do some pondering if he thinks he can inflict pain on BC.

Don’t read me wrong, I made my coin in Alberta rental real estate, family lived there for decades, some still do, but lets remember that all that Chinese surplus rifle ammo comes through the Port of Vancouver. Among other stuff Albertans take for granted. Like Quads and truck nutz.

#15 George on 04.14.19 at 5:16 pm

Number 3

Sha na na na hey hey hey goodbye

Socialists bye bye.

Your once in a lifetime to govern in Alberta is gone on Tuesday

No more lazy gov’t jobs.

#16 Sold Out on 04.14.19 at 5:18 pm

#14 Ustabe

“Confirmed bachelor”, what a quaint euphemism!

#17 Andrew on 04.14.19 at 5:19 pm

Bitcoin is about returning to Austrian economics. You know… that school of thought they never bother teaching economics students about?

The digital age has brought us an opportunity to have a non-sovereign store of value, a hard, sound money.

I appreciate you citing the recent rally in all fairness, it is the best performing asset so far this year. Yes, after the steep decline of 2018 of course. But would we expect a brand new asset to not be highly volatile as its liquidity methodically deepens.

Bitcoins volatility is the volatility of the world exiting fiat. You can trust 12 people in a room to decide what your money is worth every few months or you can trust the same cryptography that guards nuclear weapons and a supply schedule known out until 2140.

It probably wouldn’t be a great idea if it all didn’t sound a little crazy.

The most important investment aspect of bitcoin is learning. Don’t rush into it and take time to decipher between signal and noise. The signal is out there but it drown out by all the noise.

A 1% allocation could be all the wealth insurance needed moving forward. This is not investment advice.

Have fun and enjoy learning, new stuff is interesting. The cliche: a mind is like a parachute, it’s gotta be open to work!

https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1

https://www.google.ca/amp/time.com/5486673/bitcoin-venezuela-authoritarian/%3famp=true

#18 Damifino on 04.14.19 at 5:22 pm

#9 Shawn Allen

Hope everyone who collects personal points or rewards on a corporate card is reporting the that taxable benefit.
——————————————–

I’m so honest I report my Canadian Tire money.

#19 Re-Cowtown on 04.14.19 at 5:26 pm

#1 crowdedelevatorfartz on 04.14.19 at 4:30 pm
I guess BC could threaten to cut off our wine to Alberta but that would only affect about 10 of them…

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

True. And they’re all ex-pat Albertans.

#20 JSS on 04.14.19 at 5:28 pm

I predict an NDP minority government win in Alberta.

#21 Keith in Rio on 04.14.19 at 5:30 pm

Rachel Notley will here in after be referred to as St. Pancake.

The blue steamroller is large this time.

#22 Blutterfy on 04.14.19 at 5:33 pm

Haha haha. To all you rah raging Kenney I can tell you as a transplant from Ontario who’s lived in Alberta for more than a decade now, Alberta’s politics are very much skewed right. Notley makes Mike Harris look like a left wing nut and she’s way more conservative than any BC or Ontario conservative premier candidate. That being said, you can imagine how much more far right Albertans conservatives are… …to say populist and tribalist is a bit of an understatement.

#23 This is gonna on 04.14.19 at 5:38 pm

be colorful today. Let me get my hardhat.

#24 Shawn Allen on 04.14.19 at 5:47 pm

Stocks and Bonds (and ETFs thereof) versus BitCoin

For bonds 100% of the returns from issuance to maturity consist of interest payments from the issuer. Layered on top of that is some trading whereby some bond investors make capital gains tht must exactly offset others who make capital losses. This trading part is a zero-sum game and negative after costs / fees. But the interest part (even considering some defaults) is a positive sum game. On average, bond investors make money via interest payments. There is a consistent positive flow of money from the issuers to investors.

Stocks are somewhat similar. In this case there on the population of stocks a positive flow of cash from customers to investors. Some of that comes as dividends and some as capital gains that are positive most years. In most years the population of stock investors makes money. That is buy and hold investors reliable make money most (not all) years.

Layered on top of that is a trading game which is a zero sum game. Every single dolalr that is made by a trader over and above a buy and hold approach is offset by some other trading losing the same dollar. Negative sum after fees.

Now, Bitcoin. It has no positive flow of money from customers or borrowers. It is just a trading game. But a buy and hold approach to BitCoin can make or lose money over any given period of time. But over the long haul it is hard to see how it makes money. It could if it remains viewed as a scarce and valuable thing to own.

In any given tax year there may more capital gain than capital losses on BitCoin or vice-versa.

Now where was I going with all this? I was about to say capital gains would equal capital losses, but that is not true. In any case better to buy stocks or bonds with their positive inflows of money.

#25 NEVER GIVE UP on 04.14.19 at 5:47 pm

The foreigner tax on Real estate has only served to push all that investment into commercial real estate in BC.
Law of unintended consequences.

Warehouse units are now $750,000 for a 1450 square foot plate. on the south side of the Fraser.

Its killing business and the Lease rates are just as ridiculous if you can even find a space.

We have decided to leave the LM and are making plans. We have a healthy business but if rates go up much more we may shut down the LM altogether and concentrate on our US stores.

The LM is our HO now but will not be when I leave.

This will not kill the Lower Mainland but me and 10,000 other businesses that are leaving or not even starting may hurt.

#26 Re-Cowtown on 04.14.19 at 5:51 pm

#14 Ustabe on 04.14.19 at 5:06 pm
Confirmed bachelor Jason Kenney’s talk of turn off the taps legislation is the most pandering, thoughtless and illogical muttering I have ever seen.

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

Beg to disagree. The typical BC’er lives in a bubble, firmly believing that they are disconnected from not only Canada but the rest of the world. They only maintain their lifestyle because other people do dirty jobs for them in Guangzho or Ft. Mac.

Reminding them of this from time to time is a necessary evil.

#27 Al on 04.14.19 at 5:52 pm

Hell Yeah!

#28 Re-Cowtown on 04.14.19 at 5:57 pm

#6 Sold Out on 04.14.19 at 4:41 pm
While those of us in BC can certainly feel the white hot anger radiating from Alberta these days, it is misplaced. Low oil prices aren’t a made in Canada problem, and won’t be solved by the UCP. What is Kenney going to pull out of the hat in 4 years time, when oil prices may be even lower? Whipping people into a righteous lather, then under-delivering, is a recipe for insurrection. Remember, pendulums swing in two directions, and as our sagacious host points out, we only vote parties out in our elections.

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

Actually oil prices are very good. Under normal circumstances Alberta and Saskatchewan would be booming right now. But Horgan and Trudeau have done horrific damage that far exceeds oil pricing.

BC and T2 have not only delayed the physical pipeline, which is spiteful, small and terrible, but they have also destroyed investor confidence in all of Canada which is unforgivable.

#29 Linda on 04.14.19 at 5:58 pm

It remains to be seem whether Alberta will replace the NDP with the UCP. Even if Kenney gets in, until there is a pipeline or investors decide Alberta is worth investing in any swagger speech is all hat & no cattle. I have to say that as a citizen I’m just a tad tired of the tantrums, name calling & other bad behavior exhibited by various politicians. Anyone elected should stop posturing & get on with the job they were elected to do. Tantrums & the like should be done on their own time & especially done on their own dime, not the taxpayers.

#30 jane24 on 04.14.19 at 6:09 pm

Well commenting early for a change as at Pearson ready to fly home to England. Been in TO for two weeks visiting my sister and asked her about RE. It is mid-April, should be key rutting season. She said it is dead. She lives in C04, Yonge and Lawrence, a very expensive hood in central TO.

She sold her slanty semi there, 18 months ago, for 1.3 million and believes it would sell for just 1 million now and this is a top, trendy, expensive 416 hood.

I looked in the local Remax and found all the window listings sun faded and with either heavy winter snow or high summer gardens on show. These are all old unsold listings where the owners are refusing to reduce. Also noted that the chi-chi trendy coffee shops on Yonge were mostly empty and the cheap Tim Hortons rammed with customers.

Garth says that 416 will hold and 905 fall. I think that 416 is falling and 905 is toast.

#31 Ace Goodheart on 04.14.19 at 6:19 pm

Trudeau’s not helping his case by pledging to spend a billion a year on foreign NGOs (who claim to be using the money to help “women and girls” around the world).

Back when I was in my 20s I spent quite a bit of time partying with the NGO set. So I know what they spend the money on. Range Rovers, expensive digs and party, party party.

If I was 21, travelling the world and I heard that Canada was going to send a billion a year abroad and let NGOs figure out how to spend it, I would be pretty happy about that (some of that money would be going to my liquor and party fund).

As a 46 year old tax payer, I am not happy at all. That is basically borrowed money, which I pay interest on, and it is being thrown away to what is really a group of entitled trust fund kids on their gap years.

#32 expat on 04.14.19 at 6:21 pm

DELETED

#33 PGer on 04.14.19 at 6:22 pm

I’m from BC and really look forward to Kenney exacting some revenge on comrade Horgan and his smug bunch of dippers. Hell yeah! If nothing else, it will make us feel better. In fact, many in northern BC feel the same way and are much more aligned with Alberta than the lower mainland/ Vancouver/ Island greeny crowd.

It should make for an entertaining summer with gas prices reaching for the sky. But hey, that’s what the NDP/ Greens want isn’t it – make it too expensive for ordinary people to drive anymore so we can somehow save the planet? What total b.s. (and truck nuts will just look silly on an electric truck – come on now, everyone has their limits). Our own election can’t come fast enough.

#34 Dogman01 on 04.14.19 at 6:23 pm

One of the leading realtors in Calgary has a TV add…where he mentions deals with “crypto currency”.

Now considering Vancouver real estate is rumored to be rife with money laundering, when I heard this in his Calgary TV ad I was like….really?

#35 Dogman01 on 04.14.19 at 6:34 pm

Notley’s seems old school NDP…by old school I mean labour, working class base; Vs the mainstream NDP, economically childish, radical environmentalists and Left wing Social Justice Warriors.

I like what the Alberta NDP has focused on wrt Refineries and value add to Alberta’s oil industry. We should have been doing that for a long long time. The Right Wingers have had 40 years to run Alberta and they really just left a mess, big government no diversification all with boom times.
The NDP are trying to improve the Trucking industry license and training here, long overdue and I suspect related to the Humboldt tragedy.
They made it so Alberta farm worker are now covered by WCB insurance, way way way overdue.

Pipelines are a Federal responsibility and I do not think any Premier can do much more then Notley has done. Alberta is getting a carbon Tax imposed so why not do it better ourselves.

What is with Canada having no 30 – year strategic infrastructure plan anyway, someone should have foreseen this pipeline gap.

#36 YVR - 60% crash on 04.14.19 at 6:39 pm

“Kenney says he will invoke ‘Turn off the Taps’ legislation to starve BC of energy if that province opposes his agenda. ”
—————-
Bring it on! Every truck and train that carries crude oil that go through B.C got to pay tax. What are you going to do? Eat tar sands?

#37 Chaddywack on 04.14.19 at 6:43 pm

At least on province in Canada has people with their heads screwed on right…..

#38 Marcb on 04.14.19 at 6:46 pm

#9 Shawn Allen – merchant acquiring is regulated, see CG 10, CG 15/16. And the issuers have a mandate to reduce interchange to an effective 1.5% by May, 2020.

Canadian merchants have it pretty good, at least relative to their US counterparts when it comes to merchant processing fee’s and terms. Not perfect and there are some bad players but pretty easy for a merchant to get into the low 2% effective range.

And Interac is incredibly cheap, pennies per transaction and no chargeback risk.

There are massive networks, banking regulations and risk involved in processing electronic transactions,
not sure why merchants think this should be free, or close to it. Most calling for regulation would be horrified if their own industry was regulated.
Maybe there should be a max value for what a coffee or pizza could sell for.

#39 45north on 04.14.19 at 6:49 pm

jane24: Garth says that 416 will hold and 905 will fall. I think that 416 is falling and 905 is toast.

so the slanty semi, at Yonge and Lawrence, lost 30%. South of the 401. That’s a big deal.

#40 Dolce Vita on 04.14.19 at 6:50 pm

It’s QUID PRO QUO time if Kenney wins.

Relax Garth. It’s not like Jason is going to invade Nation Building Québec and Nouvelle-Écosse and seize their TIDEWATER OPEC oil facilities any time soon.

I must say though, BC staring down a $1.68,9/l gasoline price that is likely to increase this summer AND Jason threatening to decrease supply further ought to make an interesting dilemma for the “NO PIPELINE Nation Building BC Green NDP ” – we’ll they’ll put their MONEY where their MOUTHS ARE at present (billions here #14 Ustabe, not millions…in 2017 BC guzzled 5.2 Billion liters of gasoline…do the math).

HEAVEN FORBID British Columbian’s be deprived from using their gas guzzling cross overs to behold their Province’s natural beauty and then post ENDLESS FACEBOOK photo shoots of a mountain or a valley or a lake (you’d think they’re they only ones that have them).

I do like his make the US anti-oil lobby pay for the negative interference in the AB oil industry. Hunt them down, prosecute, make them pay thru the nose for it.

He should do like N. Dakota did with its threatened “go raise hell somewhere else or you will pay dearly” legislation. Mysteriously, that same US anti-oil lobby did not set foot in that State since the legislation threat.

There is much he can do. We’ll see if he is more than just a flash in a pan.

—————————————

As for BC’s wine, it’s HIDEOUS. But, the don’t no shit from clay crowd think it’s very good (your Kelowna Merlot reminds me of drinking red ink, smells about as good to). Being deprived of that is no threat to anyone other than some AB skid row wino’s.

And yes, I’ve made wine since a kid using CA grapes, not bad especially their Zinfandel. As for the rest, buy Italia, they need the GDP boost and the have great wines easily the match of anything overrated hoity-toity France has to offer (in fact, the Merlot in their Bordeaux wine…a lot of it is from Italia…shhhh, don’t tell anyone).

Ciao d'[*]Italia.

*threadbare GDP.

#41 Penny Henny on 04.14.19 at 6:52 pm

#16 Sold Out on 04.14.19 at 5:18 pm
#14 Ustabe

“Confirmed bachelor”, what a quaint euphemism!
///////////////

Hey anyone can marry now.
Ask Freedom First. No need to be confirmed bachelor any longer

#42 Figure it Out on 04.14.19 at 6:54 pm

“No sane person who bought Bitcoin on a credit card did it without paying that off without interest.”

Gonna need to see a Venn diagram of that.

#43 Chopping Broccoli on 04.14.19 at 7:09 pm

Hey Alberta ! Do what you feel is best for for you !

BC guy here born and raised ! Please understand NOT everyone in BC agrees with what our Premier is, and has done ! For many reasons we need to work together and get the pipeline finished. Our Premier is trying to clean up a massive mess that was left behind from the previous BC Liberal government. I personally do not agree with everything he is doing, but firmly believe he is going in the right direction. Hopefully we can come to an agreement that is beneficial for everyone !!!
We are stronger as a team to fight the corruption in Ottawa.
T2 has destroyed this country, as true Canadians we must, and can rebuild !

#44 Dolce Vita on 04.14.19 at 7:19 pm

#41 Penny Henny

Oh behalf of all alleged Gaydom, thank’s for the heads up.

They can all go to bed and rest assured of your alleged LGBTQ, or whatever it is nowadays, 2 dubious double edged sword virtue signalling thumbs up.

Lay off of Twitter, Facebook, CNN, MSNBC, The Georgia “Straight” for awhile, you’ll be better for it (except for Mark, I like your verve there).

#45 Love this Blog on 04.14.19 at 7:32 pm

#14 Ustabe – ports are federally controlled.
B.C. has no say in that. The goods will continue to flow to Alberta

#46 Timmy on 04.14.19 at 7:34 pm

Kenny is a sleazebag right wing nut. I guess the oil money spent on right wing propaganda is working. There must be a lot of gullible Albertans. The mess in Alberta is due to low oil prices and gross mismanagement and incompetence of 40 years of Conservative rule. I guess they are about to get more of that.

#47 Tony on 04.14.19 at 7:43 pm

Re: #13 dr talc on 04.14.19 at 4:59 pm

Stress test or no stress test 99 percent of all Albertans haven’t a clue when to buy or sell residential real estate.

#48 Young Boomer on 04.14.19 at 7:50 pm

Notley turned right once she was elected and reality set in. The last four years have been nothing but a four year on the job training, economics lesson for her and her crew. People give her way too much credit for the few positive things she did vs the damage she did!!

Will be interesting to see if she does a 180 back to her anti everything when she’s back in opposition.

Will be soooo glad to see the NDP out!!

#49 Albertastrophe on 04.14.19 at 7:52 pm

This Kenney thing is really going to be a sad culmination of over fifty years of governance by conservatives who have completely lacked the intelligence or the will or the foresight to prepare Alberta for a future after the oil boom.

We could have been like Norway. Instead, we’re about to become like Detroit. For a very long time.

#50 Tony on 04.14.19 at 7:55 pm

Re: #20 JSS on 04.14.19 at 5:28 pm

Tuesday odds slated at 15 to 1 for the NDP. My guess is the NDP will get about 10 percent of the vote.

#51 crowdedelevatorfartz on 04.14.19 at 7:55 pm

700,000 pre election ballots cast in Alberta as opposed to 240,000 pre election ballots in 2015.

Notley is toast.

4 years of “Kenny” to look forward to…..ugh.

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

#52 NoName on 04.14.19 at 7:55 pm

#40 Dolce Vita on 04.14.19 at 6:50 pm

Now that you mentioned Zinfandel, tray Ravenswood Zinfandel, best 17 bucks you’ll spend on a California wine.

When i got merrid i gave prist 100 cad as i sed back then for healthy dog food. Had a beautiful dalmatian, i told hom his dog is bit chunky, that was mistake.

And also i gave him 4 bottles of vine, 2 Tedeschi Amarone (this is right in your neck of the woods), and other two were Ravenswood Zinfandel.

https://en.m.wikipedia.org/wiki/Zinfandel

Zinfandel (also known as Primitivo) is a variety of black-skinned wine grape. The variety is grown in over 10 percent of California vineyards.[1] DNA analysis has revealed that it is genetically equivalent to the Croatian grapes Crljenak Kaštelanski and Tribidrag, as well as to the Primitivo variety traditionally grown in Apulia (the “heel” of Italy), where it was introduced in the 18th century.

And on a side note 2005 and 2017 were very dry years in italy, 2005 is probably very hard to find now, but you come acros 2017 buy it, it ll get better as it ages, bottled or not.

#53 NoName on 04.14.19 at 8:00 pm

https://www.npr.org/sections/thesalt/2016/05/24/479163882/the-judgment-of-paris-the-blind-taste-test-that-decanted-the-wine-world

Addendum to vine post above. Take that french.

#54 Rargary on 04.14.19 at 8:01 pm

Albertan here… Kenney will be our next premier… I think he’s all hype. When his antics don’t work, no surprise if they don’t, he will blame someone else. This guy dodges accountability like a pro! My thoughts

#55 Remembrancer on 04.14.19 at 8:07 pm

Garth…
No wonder the slogan of this campaign has been ‘Alberta Strong & Free.’ Freedom includes removing Albertans – the most heavily indebted of all Canadian households – from the CMHC mortgage stress test, so they can borrow more.
—————————————-
So that includes renouncing Alberta’s participation in CMHC as a whole then?

#56 majik on 04.14.19 at 8:09 pm

Alberta is a remote landlocked province with a small internal market that relies heavily on exports. It is thousands of kilometers from all the major markets in North America. It has transport access difficulties for all of it’s extractive industries. If Kenny wants to escalate things with BC he basically means he is willing to risk 20% of the Albertan economy. Alberta has already suffered enough due to the oil price crash.

Albertans should be asking Kenny about his economic diversification plans instead. I don’t think Kenny’s supporters realise he could actually make things worse.

#57 akashic record on 04.14.19 at 8:16 pm

You used your credit card, remember? Duh.

Nope. Duh.

#58 Ustabe on 04.14.19 at 8:18 pm

#45 Love this Blog on 04.14.19 at 7:32 pm

#14 Ustabe – ports are federally controlled.
B.C. has no say in that. The goods will continue to flow to Alberta

Tell that to the Hell’s Angels masquerading as longshoremen that actually work the ports. Stuff gets lost there all the time. Stuff gets through there that shouldn’t as well…Federal RCMP seemingly unable to pinch that pipeline.

Add to that Worksafe BC, BC Labour Relations, BC Fire Marshall’s, all the BC service companies, BC truckers…if they all begin to work to rule as part of a concerted effort to mitigate Kenny’s tuff guy stuff…it won’t just be Alberta missing its junk.

Might I also add that the pipeline is also Federal, Horgan has nothing to do with it except he wants both assurances and funding in place for safety, spill clean up and remediation for the almost certain accidents.

We will get our refined product out of Anacortes, we have the barges, we have the tank farms and we will pay whatever it takes to let Alberta under Kenny know how we feel about his petty and divisive actions.

Just watch.

#59 NoOneOfConsequence on 04.14.19 at 8:19 pm

Ah! Play to FOMO and the house horney!

Yes – let’s change the rules so Alberta folks can purchase overvalued assets and put all their eggs in one basket.

We need way more Albertans to purchase 510 square foot condos for $580,000.

Just like in Vancouver!

Wheee!

#60 Shawn Allen on 04.14.19 at 8:27 pm

Credit Card Discount fees

#38 Marcb on 04.14.19 at 6:46 pm
#9 Shawn Allen – merchant acquiring is regulated, see CG 10, CG 15/16. And the issuers have a mandate to reduce interchange to an effective 1.5% by May, 2020.

Canadian merchants have it pretty good, at least relative to their US counterparts when it comes to merchant processing fee’s and terms. Not perfect and there are some bad players but pretty easy for a merchant to get into the low 2% effective range.

And Interac is incredibly cheap, pennies per transaction and no chargeback risk.

********************************
I certainly agree Interac is cheap. A couple of decades ago i would have said that the credit card is the retailer’ best friend. This was before the premium cards and back when most people still used cash and so credit cards displaced accepting cheuques.

Now credit cards I think have high fees and people use in place of cash. But Interac which I understand charges a flat fee around eight or ten cents is today’s retailer’s best friend.

I have looked into discount fees somewhat and it is complex. I think there was some voluntary agreement to lower some of the fees but I did not see any news about it being regulated. Is interchange the total discount fee faced by the Merchant?

Visa and MasterCard profits are huge in terms of ROE. Not talking about the card issuers (also very profitable) but the parent Visa and MasterCard companies. Hugely profitable.

Perhaps some retailers here can chime in.

#61 Impeachment 2019 on 04.14.19 at 8:38 pm

#49 Smoking Man on 04.13.19 at 10:18 pm
Markets going to rock till the end of Trumps presidancy.
Your good till 2024
————-
Thanks for the sell signal.

#62 Albertistan on 04.14.19 at 8:51 pm

In Alberta, the biggest issue the economic future is the Federal Liberal party. The NDP will be gone shortly, if not we will someday share in equalization payments.

#63 Mike on 04.14.19 at 8:52 pm

God willing, we’ll end up with a minority gov’t, locking out the Dippers from power and Eastern born and raised, self important Kenny.

I’m disappointed by the rhetoric of BC vs AB. I have friends and family in BC as do many Albertan’s. I know of no Albertan who harbors hard feelings against BC residents, but rather their provincial government who has done a disservice to Canada as a whole, not just AB. Canadians are slowly waking up to the fact that as a people, we’ve been hoodwinked by career politicians and career bureaucrats. I’d like to see them all hang!

https://business.financialpost.com/opinion/gwyn-morgan-talk-about-collusion-how-foreign-backed-anti-oil-activists-infiltrated-canadas-government

#64 meslippery on 04.14.19 at 8:52 pm

Visa and MasterCard cash back or points have yet to get close to 10% off if you pay cash,think Chinese food.

#65 Nonplused on 04.14.19 at 8:57 pm

I’m pretty sure the Alberta election is on Tuesday, not tomorrow. Oh well get out there and vote early and vote often!

It’s interesting to see all the bloviating about Kenney’s “shut off the taps” comments. Remember, it was Notely that introduced and passed legislation allowing just that. And Kenney was just using Trump style hyperbole. Nobody is going to “turn off the taps” because it would literally cause a humanitarian disaster in 3 days. Food would be unavailable in much of Vancouver. It is a useful article of speech to call attention to the fact that BC is acting like a bunch of idiots, nothing else. It’s actually kind of funny compared to the BC mayor’s plans for a carbon free Vancouver by 2040, which is what Kenney did. I’m not sure which joke was funnier (2020 or 2040).

I’m also rather disturbed that Canadian politics is descending into the unfortunate American tradition of using snippets to distort the narrative. Kenney was intentionally mocking Stewart’s desire for a carbon free Vancouver by 2040. Stewart was the first one to threaten to turn off the taps, he just wants to do it at the other end of the pipeline. And he’s absolutely delusional. Vancouver will not be carbon free in 2040 or even remotely close to it. They are already importing fuels from the US because Trans-Mountain cannot deliver enough. By barge. On the ocean. Think about that for a minute.

The only way to make Vancouver carbon free by 2040 is to drop a nuclear bomb on it.

And I have said this before but apparently it bears repeating, carbon taxes are not environmental policy they are revenue policy. They will have no net effect that could not be achieved by raising the HST. None. Zippo. Zilch. Nada. Nothing. Until something like Gen IV nuclear is deployed and on a massive scale we are stuck with carbon based fuels, unless we want to live freezing in the dark with no food. Or internet. The designers of the carbon tax already know this, but they need revenue. Unfortunately, there is only so much revenue to be had out there.

Carbon taxes are also regressive, in that the poor spend a much higher proportion of their income on food and energy than the rich do. They will therefore also pay the bulk of the carbon tax. Carbon taxes really are a flat tax on the poor. But from that perspective they are diabolically brilliant, because there are only so many rich people and they are already taxed six ways to Sunday.

Oh and did I mention any industry that leaves Canada due to carbon taxes is just going to pop up in China? Like that fixes the CO2 problem, if there even is one.
Carbon taxes is like one person deciding there are too many drunk people at this party so he gives his whisky to someone else. It solves nothing.

#66 Slim on 04.14.19 at 8:59 pm

Instead of Albertans blaming everybody in the universe for their predicament, they should ask why didn’t the Klein Tories not plan ahead. I guess all they saw were dollar signs when they approved major tar sands developments.

These new projects approved under the “Cons” resulted in a tenfold increase in production, with no new pipelines to compensate. I would call that poor planning.

And blowhard Kenny shutting off oil flow to the west coast is a joke. It’ll never happen. Besides, it’s not going to get him any closer to having that pipeline built to the west.

#67 AB on 04.14.19 at 8:59 pm

#58 Ustabe
What a bunch of ridiculous nonsense….time to get over yourself.

#68 Dazed and CONfused on 04.14.19 at 9:02 pm

“…….Freedom includes removing Albertans – the most heavily indebted of all Canadian households – from the CMHC mortgage stress test, so they can borrow more……”

Seadoo’s, ATV’s, truck nutz, and Ralph-bucks for everyone? That’s so ’80’s.

Do you really think a return to another morally and ethically challenged CONservative premier, who’s past federal claim to fame was gutting Alberta wages with Temporary Foreign Workers, while he currently works on gutting overtime pay for oil patch workers, is going to return prosperity to average working Albertans?

(M)ake (A)lberta (G)ush (A)gain?

Alison Redford v2.0? Seriously?

Good luck with that.

#69 Howard on 04.14.19 at 9:05 pm

Left-wing 2019 dictionary:

If people vote your way, it’s “democracy”.

If people vote the other way, it’s “populism”.

#70 Shawn Allen on 04.14.19 at 9:09 pm

To Regulate or not to Regulate?

Number 38 marcb said of credit card fees

Most calling for regulation would be horrified if their own industry was regulated.
Maybe there should be a max value for what a coffee or pizza could sell for.

******************************
Sure, but the difference is that each of Visa and MasterCard are monopolies as far as a retailer is concerned. Only the most powerful retailers like Costco can decide not to accept one or both of those two.

Most retail businesses have no real choice but to accept both of those cards. Therefore they appear to be two separate Monopolies from the point of view of retailers.

It’s generally accepted in economics that monopolies should be regulated as to the prices charged.

As investments these two have been monopolishous.

#71 Rargary on 04.14.19 at 9:12 pm

#51 crowdedelevatorfartz…. LMFAO THE YOUTUBE VIDEO!!!

#72 Oil Patch Consultant on 04.14.19 at 9:17 pm

Bubbly young NDP kamerad just knocked on my door asking for me to support Notley. I pointed to my oil patch work truck in the driveway and told her that it hasn’t turned a wheel since September, so what exactly does she think Notley will differently if we give her another chance.

She said “Thanks, and have a nice evening” and walked away.

Kenney in a landslide.

#73 crowdedelevatorfartz on 04.14.19 at 9:27 pm

@#40 Dolce Vita
“As for BC’s wine, it’s HIDEOUS. But, the don’t no shit from clay crowd think it’s very good (your Kelowna Merlot reminds me of drinking red ink, smells about as good to)”

+++++

Reminds me of a song from the old album The Secret Policeman’s Ball

“The Champagne was Canadian…
The Hostess sang a song….
I contemplated suicide….
Until YOU came along…”

#74 millmech on 04.14.19 at 9:29 pm

#12 BS
Just like claiming the renovation tax credit, another program run by CRA to catch people working under the table as home renovators. CRAs greatest weapon is Facebook, nothing like bragging about your many vacations, ski boat quads and two vehicles all while making 30k/year.
#40 Dolce Vita
Some vineyards are buying cheap Argentinian red grape juice because it is less expensive than growing their own wine, then fermenting it and selling it. You will see a lot of wines from that area being labelled bottled in BC, but no VQA certification.

#75 Robert Ash on 04.14.19 at 9:37 pm

Re: Alberta and the Western Canadian Energy Sector, including A lot of BC… I read a report from Vivian Krause, the Gal, that has monitored the American Funding to kill the Oilsands…Then watched the interview with Wendy Measly on CBC… there certainly seems to have been a concerted effort, to ensure that the Liberals were elected….Several of these groups, certainly influenced the outcome of Elections, and on several of the websites, claimed to get the Trudeau Liberals elected. This is a sad state of Affairs, when our Leaders turn in to Posers, and Trick the Electorate. A lost party that suddenly had a good amount of Funding, and then at the Helm, is Butts, ex World Wildlife Canada, president… with a great big salary, seems, to have Engineered the Eco Movement, and ensured their success, with the New Tanker Bans…. Delays, and of course the Energy east cancellation… It all seems, to be proveable, now…. there was a premediated moverment and funding to quietly mothball, a complete Industry… or slow it down enough, to cause existential harm… How can Folks, like this even with a rabid enthusiasm, be permited to cause so much to be lost, and for what… there is nothing gained… except underemployment, Debt Financing, Hardship for many Rural folks, and then the long term implications, of Gaming Commerce, and alienating Investment in a complete sector and Geographic area, of the Country… While all Parties,need to be funded, these folks, are dangerous. I feel it is time to vote for change, and actually do what the Electorate want….. Polls, for instance show, most voters in BC support a Pipeline, since they still like to be part of the Modern World, and drive cars, and take a flight… It is remarkable to me, that there is not more outrage. And the Arrogance, to sneak it in… and so quickly repay the Funding the Tides, and The Tar Sands Campaign… Well there are arguements, for Curtailing the Oil and Gas Sector, and they should be voiced, but the candestine way Canadians, have been gamed by their own leaders, is shameful… Certainly not Democratic… I guess what Garth said… No interest on Governments part to include the people…. We as Canadians, should be very far ahead of the Americans… not way behind…

#76 georgist on 04.14.19 at 9:41 pm

It’s a great point, that crypto isn’t anonymous, and that the point of purchase is recorded if electronic.

However as you also note, for most it’s a write-off opportunity!

#77 stage1dave on 04.14.19 at 9:45 pm

I notice a few posters have commented on the left wing/right wing matrix of current AB politics (and I say current because for the previous four decades, there didn’t appear to any such thing!) but I’ve got no intention of wading into that.

Two points: Firstly, I believe the pipeline issue is somewhat akin to beating a dead horse…it makes for great theater, but that’s about it. Nothing will change until the powers behind the drones change, or their attitudes and/or world outlook does. (and oil-wise, it’s always a WORLD oulook)

Asking Notley (or Kenney, for that matter) to somehow construct a pipe to ship our bitumen to tidewater (even with taxpayer dollars building it) is going to be an uphill battle unless the majors decide it’s a good thing, period. Apparently, potentially selling oil to China is not real high on their list of priorities. (BC, somewhat less so) These decisions are obviously made at a somewhat ‘different’ level than provincially or federally.

Might as well be asking a grade 8 student to take on the local board of education over curriculum ffs. It would be really nice if some of these oilfield groupies would direct their attack to the source of the problem, and it sure as hell isn’t local (or even national) governments!

Secondly; no one (and I mean NOBODY!) should doubt the role old time religion is going to play in this election. Other than the occasional ‘bozo eruption’ out of the Conservatives, I’ve noticed very few mentions of it…but it’s there, and it’s palpable. I know several people who equate the NDP with godless communism and am under no delusions as to whats driving them to the polls, or how they will vote. I’m thinking here’s probably a few more of ’em in AB…

I’ve reached the conclusion over the last couple decades that “issues” “facts” and “events” (indeed, readily apparent reality) don’t influence voters or voting muchly; most people just want ‘their’ kind of people in charge…it’s a comfort zone. Or they vote with their wallets.

(obviously, intelligent politicos figured this out a few decades before me)

I was, however, looking forward to a much more entertaining election cycle…this has been a snoozefest.

#78 Paul on 04.14.19 at 9:51 pm

Well cash is getting to be useless, on vacation in Mexico with kids and grandkids at a higher end facility have a nice dinner go for a walk to buy sandals, shirts, glasses ect. Go to pay them would not take cash u.s.d. No less credit card only. In Mexico wtf.

#79 Figmund Sreud on 04.14.19 at 9:53 pm

Platts chimes in on Alberta election – infographic:

https://www.spglobal.com/platts/plattscontent/_assets/_images/latest-news/041119-alberta.jpg

F.S. – Calgary, Alberta [ … but back to Point Holmes, soon! ]
http://www.pointholmesrecreation.ca/rampcam/

#80 Reality is stark on 04.14.19 at 10:02 pm

You mentioned the CRA.
The taxman.
Have you noticed that our governments spend too much money?
Get used to the taxman you are about to hear a lot more from him, especially the property taxman.
No politician in this country is strong enough to cut costs no matter the party. This country is full of weak risk averse citizens. They will double your property taxes in short order and you will pay. So much for your property windfall.

#81 Doug in London on 04.14.19 at 10:21 pm

“Kenney says he will invoke ‘Turn off the Taps’ legislation to starve BC of energy if that province opposes his agenda. ”
——————————————————–
What a genius move! That way Alberta has even fewer buyers for their product, just what they need. What will B.C. do? Simple, buy more oil and gas from the United States where production is already at a multi year high. Also, to help make up for the shortfall, they’ll stop selling that valuable hydroelectric power to Alberta, ideal for meeting peak load and instead use it for electric heat and yes, more electric cars.

As for these crypto currencies, why would anyone buy them when they could have bought stocks back in December when they were on sale?

#82 Doug in London on 04.14.19 at 10:27 pm

@Dolce Vita, post #40:
As for BC’s wine, it’s HIDEOUS. Look on the bright side, we produce lots of wine here in Ontario.

#83 Sold Out on 04.14.19 at 10:29 pm

DELETED

#84 Keith in Rio on 04.14.19 at 10:50 pm

After Kenney buries the New Debt Party on Tuesday the real work begins.

Problem is, Scheer is from Saskatchewan.

The last time we had a PM from there it was an unmitigated disaster that Canada never recovered from !!! Scheer even looks like that idiot Diefenbaker.

I’ve not been impressed with how he speaks in public, and frankly, I’ll only vote for him because the commie has to go. We’ve got legal weed now, time to kick him out.

#85 T-Rev on 04.14.19 at 10:53 pm

Hell yeah, Gartho! I have a great deal of respect for Notley’s leadership, intelligence, and instincts. No one else could have held together the ragamuffin band of MLAs this past four years without constant scandal (like pot smoking in the Legislature bathrooms and raves in the basement), and she basically governed as a one woman show with some help from Hoffman, Ceci, Mason, and Eggen.

But I don’t agree with her politics and can’t stomach the ideology of the party she represents. I sincerely hope she stays in politics, she’ll be a fabulous check on Kenney.

People think the UCP is all about Carbon tax, pipelines, and truck nuts. There’s some of that, but Albertans can see the writing in the wall, and we know that the petro-booms are gone for good. What we want now is someone to put their foot on the gas of the entire economy by reducing regulation, taxation, making business friendly changes to terrible NDP labor law legislation, and withdrawing us from Ottawa programs like the stress test and maybe even equalization. Alberta is an entrepreneurial powerhouse, and we want government the hell out of the way so we can diversity and grow our economy in whatever ways the invisible hand directs.

Alberta is tired of being Canada’s whore- used, but not loved. Needed by night, but shamed by day. It’s all one-way. I just want Kenney to cut the reins and let us buck, and we’ll figure our own way out of this, pipeline or no pipeline.

#86 the Jaguar on 04.14.19 at 10:53 pm

Hard to know how things will shake down. The Jag is basically a card carrying conservative if polled on ‘issues’, but really can’t stomach the idea of casting a vote for the carpet bagger. (Kenney). The media bafflegab sez that Calgary will decide the outcome. Makes sense, I guess. Rural AB. will go Kenney. Edmonton will go Notely’s kid. But Cowtown ain’t the place it used to be, despite all those ‘missing in action’ O&G jobs. Take a lesson from the rejection of the recent Olympic bid. On it’s knees it is a young, educated city of peeps from all over the country and world. Truth be told, the stereotypical blustering red neck in Alberta is a Saskatchewan import. They (the Sask-Hosers) are tolerated here given their contribution to the economy. One prays they don’t move in next door.
Notely’s kid walked into major league economic blowback. Bad timing, but she has stayed on her feet under difficult circumstances and alliances. She’s shown grace under pressure. I say we give her a little more time. The blessing in difficult times is the gift of seeing the error of our ways and being open to new opportunities. All the fundamentals support a strong path ahead. Albertans need to remember this and be patient. What to do when times get tough? ‘Dig in’.
Adapt, Improvise, Overcome. We know no other way to live.

#87 Bobby Bittman on 04.14.19 at 11:02 pm

I am convinced that regardless of the election results, Albertans will get exactly what they deserve.

#88 BlorgDorg on 04.14.19 at 11:17 pm

#10 prairie person

“Trudeau is so disliked that the Cons could have had Ronald MacDonald as their leader and still won”

_=_=_=_=_=_=_=_=_

… which is exactly what happened in Ontario. The OPC didn’t even have a *platform* and they got a majority.

Looks like Canada is following the US down the same angry, stupid, (self)-destructive, far-right path. We’re just doing it one province at a time instead of all at once.

#89 BlorgDorg on 04.14.19 at 11:46 pm

#77 stage1dave

“Might as well be asking a grade 8 student to take on the local board of education over curriculum ffs”

_=_=_=_==_=_=_=_

Oh we did that in Ontario too. OK, *Assistant* to the Minister of Education, but close enough.

https://www.macleans.ca/politics/sam-oosterhoff-boy-politician-might-just-be-for-real/

#90 conan on 04.14.19 at 11:56 pm

Collective lobotomy for Alberta if they vote for Kenney. These voter irregularities charges are serious.

#91 Ponzius Pilatus on 04.15.19 at 12:00 am

#89 crowdedelevatorfartz on 04.14.19 at 1:22 pm
Another day, another gas hike in the Lower Brainland

87 octane Reg gas $1.69.9/liter
89 Octane Reg Plus $1.79.9/liter
91 Octane Supreme $1.87.9 / liter
94 Octane Supreme Plus $1.91.9 / literm

I cant wait til Jason Kenny wins in Alberta and turns off the tap
———
How is this gonna lower the prize of gas in BC.?

#92 Victor V on 04.15.19 at 12:11 am

62% of Canadians will not consider voting for Trudeau Liberals in coming election.

https://www.campaignresearch.ca/single-post/2019/04/08/62-of-Canadians-will-not-consider-voting-for-the-Federal-Liberals

#93 ABexbcer on 04.15.19 at 12:16 am

Not many people mention NDP using smear campaign. Lots of fear mongering going on with Notley saying “us style health care” – false. What are we going to pay for coverage? Yes some UCP candidates have done things in past but read up Danielle smith column on NDP candidates , one a former member of communist party! Also interesting to link us and other third party organizations donating millions into NDP etc anti oil campaign. Makes you wonder if Trudeau/Notley raking in millions to keep oil in ground.

What other country has self sabotaged their own industries?

https://business.financialpost.com/opinion/gwyn-morgan-talk-about-collusion-how-foreign-backed-anti-oil-activists-infiltrated-canadas-government

I’m not really a fan of Kenney or Notley but NDP have been surprisingly dirty and not truthful with ads.

#94 Al on 04.15.19 at 12:18 am

Our host always the hopeful that common sense things will come out of Ford’s and Kenneys mouth or their government. I’m still waiting with baited breath for Fords government. Youd think albertans would know by now what happens to their economy when oil pieces go down.

#95 Ponzius Pilatus on 04.15.19 at 12:24 am

Those damn commies in BC razed gas prizes by 1 cent cause of carbon taks.
What I don’t understand is, why are gas prices about ten cents cheaper in the evening?
I’m sure Farts is gonna blame Comrade Horgan for that.

#96 PeterfromCalgary on 04.15.19 at 1:01 am

I already voted for the UCP in the advance polls. Tuesday we throw the socialists out. Once and done. Alberta will never again have a socialist premier. We will not become Venezuela North!

#97 Anon3mouse on 04.15.19 at 2:54 am

Pffffphtphf….. doesnt BC buy back the Canadian oil once its refined from Washington state?

#98 Stan Brooks on 04.15.19 at 3:10 am

Soon they will tax the ‘work that you perform’ when caring for your grandchildren. Why should you avoid paying your fair share of taxes for an activity with economic impact?

Also expect a new crown agency – Diaper Insurance Corporation to insure the loans (premium paid by you) you have to take from the bank when/if a baby is born in your family.

And they will tax the added pleasure you ought to experience (this will be added to the GDP calculations as well) when watching the Raptors or the Maple Leafs
(not that there is any recently) , the frustration from not making it to the playoffs or departing early from all competitions will be tax deductible at 0.01 %.

Ah, and the nominal interest rate (cheers to the savers, retirees and people on fix income) will be 0.01 % (with long term target to be minus 2 to minus 3 %), while there is no inflation (in reality 8 + %)

#99 MF on 04.15.19 at 6:56 am

I’m a fan of Kenney. I admired him when he was a sitting cabinet minister for Harper.

According to some delusional morons on here, the “rest of Canada” is against Alberta.

But that couldn’t be further from the truth.

The pipelines need to be built. The carbon tax is a bad idea. Equalization payments are a thorny issue that I don’t really have an opinion on.

If I was an Albertan (I’m on Ontario), I would vote for Kenney too.

MF

#100 Gravy Train on 04.15.19 at 7:00 am

“Until something like Gen IV nuclear is deployed and on a massive scale we are stuck with carbon based fuels, unless we want to live freezing in the dark with no food.” At levels of 10 mg/cu m, uranium is immediately dangerous to life and health.
https://www.cdc.gov/niosh/npg/npgd0650.html

Read more, and pontificate less. :)

#101 The Great Gordonski on 04.15.19 at 7:27 am

Trashing “populism” again? As if the will of the people is bad? Stupid me thinking that democracy (fairly applied) is at it’s most understood expression, an exercise of majority social will. As opposed to globalist visions of a one state version of slavery? Say ” globalist” and all the leftist politicians and their lackeys applaud. Because these isolated dictators think average people in large numbers are too stupid to decide for themselves. In others words, if you’re Democratic, you’re evil. If you’re for a one world dictatorship , you’re good?

Logic here suggests that leftist globalists ate dictatorships preparing to murder civilization as we know it. Trudeau is a leftist globalist, he States openly how he admired dictators. For millions of years we have identified ourselves with this we have common principles, it’s called civilization as we know it. Trudeau’s bosses seek to kill that idea, think about the ramifications? That’s right, dictatorships have evil ideas they don’t want you to have a say in. If a duck is a duck is a duck, the Trudeau is a dictator.

Populism is people . Globalism is anti-people. Laughable was Trudeau’s recent failed poll regarding confiscation of guns in Canada. 80% of Canadians disagree with Trudeau on this subject. But what did Trudeau do? He shunned the result saying ,”That can’t be right”. Meaning Trudeau doesn’t like people, he’s a dictator.

Globalists are failing, they are fighting back, don’t listen. Kenney joins four other Provincial Premiers ready to fight back against Trudeau’s American backers. Populism is inevitable. People want their country back, along with all the benefits that have been taken away by Trudeau’s American and European handlers, including the super- haters like Rockefeller and George Soros.

My pick is for freedom , I’m all in now on sticks that will benefit from Notley and Trudeau’s political erasure. This decision is already very profitable. Trump’s deal with China will result in a breathtaking meltup, buy in US dollars.

As good as Trudeau’s ouster is for Canada there is still great uncertainty as long as Trudeau has time to introduce landmines into our political-economic landscape. It’s not good for the $C short term . Buy in USD, or buy very long term, two years plus. There are some very good deals on sale right now.

But, as said, it will take time for a new government to unravel the Trudeau-Soros-Rockefeller destruction of Canada. The market is impatient, but you should balls-up and buy while on sale. It takes guts to grow rich.
.
Right now Trudeau is pushing the Senate to ram through dozens of bills that could further damage Canada for years. It’s part of Trudeau’s plan to suppress positive momentum during the term of an incoming government.

#102 Sold Out on 04.15.19 at 7:41 am

#83 Sold Out

My first deletion! I feel like a big girl now. Was it because I included an Alsatian?

#103 LP on 04.15.19 at 8:35 am

#82 Doug in London on 04.14.19 at 10:27 pm
@Dolce Vita, post #40:
… we produce lots of wine here in Ontario.

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

“Lots of wine” really isn’t the issue. Quality is what’s important. Some of our wine is good, much is acceptable, and the rest…?

#104 Howard on 04.15.19 at 8:51 am

DELETED

#105 Howard on 04.15.19 at 8:57 am

#81 Doug in London on 04.14.19 at 10:21 pm
“Kenney says he will invoke ‘Turn off the Taps’ legislation to starve BC of energy if that province opposes his agenda. ”
——————————————————–
What a genius move! That way Alberta has even fewer buyers for their product, just what they need. What will B.C. do? Simple, buy more oil and gas from the United States where production is already at a multi year high. Also, to help make up for the shortfall, they’ll stop selling that valuable hydroelectric power to Alberta, ideal for meeting peak load and instead use it for electric heat and yes, more electric cars.

——————————————

Yeah right. So simple. Easy peasy.

Then how come the BC NDP went ballistic when Notley mused about turning off the taps?

I guess we’ll see if your prediction comes true and heavily indebted BC residents run out to buy $80,000 Teslas that burst into flames.

#106 Tater on 04.15.19 at 8:59 am

#78 Paul on 04.14.19 at 9:51 pm
Well cash is getting to be useless, on vacation in Mexico with kids and grandkids at a higher end facility have a nice dinner go for a walk to buy sandals, shirts, glasses ect. Go to pay them would not take cash u.s.d. No less credit card only. In Mexico wtf.
——————————————————————
Robbery prevention.

#107 dharma bum on 04.15.19 at 9:05 am

#63 Mike

Canadians are slowly waking up to the fact that as a people, we’ve been hoodwinked by career politicians and career bureaucrats. I’d like to see them all hang!
——————————————————————–

I sure hope you’re right!

We can only hope.

Unfortunately, I worry that there are an inordinate number of Canadians who have no concept of reality or self awareness. These are the ones who voted for Justin Trudeau.

This contingent is comprised of a bunch of clueless naive sheep, living in their Pollyanna states of ignorant bliss, swallowing the bullcrap empty promises, jargon and buzzwords that are regularly spewed from the lying pie-holes of the Liberal economic destruction machine.

Environmentalism
Gender
Carbon
Indigenous
Taxes
Middle Class
Cannabis
Feminism
Inclusiveness
Diversity
Electoral reform
Self Balancing Budget
Innovation
Superclusters
Shared Equity

This idiocy caters to the ignorant contingent who cannot tell the difference between stupid slogans and realistic, practical, feasible goals.

And therein lies the danger.

Canadians are deluded if they think they have the luxury of focusing on non-economic issues. Many are under the impression that all is well, and that we are among the elite in leading the world down the primrose path of a bright and rosy future full of of faeries and unicorns.

The government needs to get its priorities straight. It should should concentrate on practical solutions for getting Canada’s serious economic problems in order.

But the contingent just wants handouts and fairy tales.

I hope I’m wrong.

We shall soon find out.

#108 Ponzius Pilatus on 04.15.19 at 9:34 am

About the picture:
Did the dog take the fork?

#109 Ace Goodheart on 04.15.19 at 9:36 am

#98 Stan Brooks: ok yeah I was with you getting the humour of your post until you talk about getting pleasure from watching Leafs games then I was like whaaaat?

No one gets pleasure watching a Leafs game.

#110 Smoking Man on 04.15.19 at 9:48 am

Extinction level defeat for Alberta NDP

#111 Stratovarious on 04.15.19 at 9:57 am

The demise of oil prices over the last few years has been made dramatically worse by the lack of pipelines and ill-conceived “green” initiatives backed by two-faced Trudeau. And yet, NDP and T2 are supporting carbon taxes and overt destruction of the economy in order to pacify George Soros. The fact is that ALL emission growth is coming from China and Asia, which is not part of the Paris Accord. So vote for Kenney, and tell the liberals to go to hell.

Dealing with posters who write about ‘virtue-signaling’ and blame George Soros for Canadian domestic policy is like having a convo with a Cheerios box. – Garth

#112 Eks dee Siple on 04.15.19 at 10:04 am

Lots of dumb posts recently on this blog. (See Keith in Rio above). IHCHTY had a post the other day making fun of a young, single mom with 4 kids, oblivious to the fact it betrayed his paternalistic attitude towards women and the work they contribute to the economy, largely unpaid. What he and most populists don’t understand is that the world is gravitating again towards the Mother Goddess, it’s a cycle. See this video by brain surgeon Leonard Shlain: https://www.youtube.com/watch?v=2QQuD62RxrU

#113 Eks dee Siple on 04.15.19 at 10:12 am

#100 Gravy Train has never heard of Galen Winsor? He designed nuclear power plants.

https://www.libertariannews.org/2012/06/27/man-eats-uranium-drinks-and-swims-in-reactor-water-ignites-plutonium-in-his-bare-hand/

#114 IHCTD9 on 04.15.19 at 10:15 am

The solution is simple. Don’t like what your birdbrained governments are doing? Reduce your financial support to said governments. Lots can be done to cut back on your tax remittances.

Pound money into RRSP’s to get some taxes back, claim everything you can (we’ve got 5 figures back for the last 4-5 years now). Learn to fix things yourself (I’ve saved thousands doing it myself tax free).

Buy used (but like new) off Kijiji tax free. Buy quality that is worth fixing (if it ever breaks) and lasts for decades. Adjust your consumption away from retail and towards used – there are a lot of things made in the 50’s-80’s that are better quality than anything you can get today.

Live near a FNR? They sell all your vices at less than half of what the government expects (and still make plenty of money), plus you’ll save big on other things like gas/diesel/propane building products etc… Great prices and no taxes. Check them out, you’ll be glad you did.

Reducing your conventional energy consumption is a GREAT idea – BC gas prices should explain why this is, ie you can’t say no, so you’ll have to pay whatever taxes that they slap on, and they’ve evidently lost their minds in BC. 2.00/litre can’t be far away (over 50% tax).

Consider regulatory and permit requirements before complying. I skip a lot of these costs as they are pure cash grabs without effective enforcement. If the red tape isn’t worth enforcing – it’s probably not worth compliance either. I need a permit to have a yard sale? Right – pass. I need to comply with 4 pages of regulations just to burn some scrap wood in a barrel and pay for the privilege on top? Pass. I need a building permit to build a deck, or do a renovation to a 150 year old house built by farmers? No Thanks. This one is not for everyone – but you’ll know it if it is.

The fact is – with governments like T2’s at large, your tax dollars are just being incinerated on ideological garbage anyway. They’re not doing a thing to help the regular folks that actually pay them. The less I end up paying, the happier I am – and it’s not just the savings making me happy either.

#115 LP on 04.15.19 at 10:20 am

like having a convo with a Cheerios box. – Garth

round and round in circles?

#116 NoName on 04.15.19 at 10:37 am

Today i just find out that i Chile you can walk in MCD and take payment plan on a big mack.
3-months 0 interest
9-months interest is charged

Imagine that…

Ive been trying to gargel but nothing come out, but in one of the npr podcast is mentioned. Here in fist 3 min.

https://www.npr.org/templates/transcript/transcript.php?storyId=711911535

CAROLA FUENTES: OK. So now we are arriving to the Parque Arauco, which is a very, very big mall. And we are going to the McDonald’s.
GARSD: So you went to a foreign country, and you went straight to McDonald’s?
KING: Yes. I know. I know. It’s pathetic. But I wanted to test out something that I had heard about Chile that I found really hard to believe.
What I’ve heard about McDonald’s in Chile is that we can buy food here, and then we can pay for it in installments.
FUENTES: Right. You can pay in three installments – no interest, or you can pay nine installments with interest.
KING: I could buy a hamburger and pay for it in nine installments?
FUENTES: Right.
KING: How?
So we pull up to the window to order…
FUENTES: (Speaking Spanish). Sandwich for you? (Speaking Spanish).
KING: …And my credit card did not work, so we used Carola’s.
FUENTES: I will be paying for this interview for nine months.
(LAUGHTER)
KING: I paid her back. But this is the reason I was in Chile. It has some quirks that are just really interesting to an economics reporter. I mean, come on. They financialized the hamburger. It’s like this wonderland of free-market capitalism – a rich, developed country that is the envy of its neighbors, like Argentina and Venezuela.

#117 TurnerNation on 04.15.19 at 10:47 am

#97 Remembrancer no as I said you get the 10k fine + impound + future insurance h-ll for squeeling your tires. Burnouts on back roads were right of passage. No longer.
Who will buy all those Boomer V8 Toys? Condo parking spaces have shrunk. Rural folks will be up to their eyes in debt and legal/illegal drug use (The opiod weapon is working)

https://www.ontario.ca/laws/regulation/070455
Definition, “stunt”
3. For the purposes of section 172 of the Act, “stunt” includes any activity where one or more persons engage in any of the following driving behaviours:
1. Driving a motor vehicle in a manner that indicates an intention to lift some or all of its tires from the surface of the highway
2. Driving a motor vehicle in a manner that indicates an intention to cause some or all of its tires to lose traction with the surface of the highway while turning.
3. Driving a motor vehicle in a manner that indicates an intention to spin it or cause it to circle, without maintaining control over it.

#118 The Great Gordonski on 04.15.19 at 10:49 am

DELETED

#119 Prairieboy43 on 04.15.19 at 10:55 am

Kenney in landslide. UCP 60 seats, NDP 25 Seats (Edmonton perimeter), Liberal 3 seats. Stamp it! Notley would had chance if she hadn’t racked up $40,000,000,000.00 Defecit in 4 years. Instead she (NDP), hired 75,000 public employees, all while Alberta going through worst recession in 50 years. No Notley’s father did not take away her Credit Card while in school. Notley (NDP), have not learned financial accountability. Perhaps Garth you should offered Dippers some financial services.
Kenney will be excellent Premier. Stamp it?
PB43

How do you explain this? – Garth

#120 IHCTD9 on 04.15.19 at 11:16 am

#88 BlorgDorg on 04.14.19 at 11:17 pm

… which is exactly what happened in Ontario. The OPC didn’t even have a *platform* and they got a majority.
____

I don’t blame those Ontario voters one bit after 15 years of McGuinty and Wynne. Those two balloon heads did massive damage. Wynne was a total joke of a politician, and she’s utterly vanished from the public eye since getting the well deserved, and served; boot

What a horror show, I would have voted for a hunk of driftwood before those two.

Keep an eye on the electricity prices in Ontario when Wynne’s “debt for discount” “fair hydro”-“plan” comes to an end. Will whatever party in power at the time have the balls to undo what Wynne did and let hydro bills triple overnight resulting in certain loss at the next election? Or will they renew it and essentially let it slide into a quiet permanence where it will silently suck BILLIONS out of Ontario taxpayers pockets essentially forever till we go broke? Nothing like borrowing Billions to keep paying OPG employees their 6 figure incomes (with interest on top).

If no one will fix what the Liberals did here in Ontario I think we may be on a fixed course. ~350 Billion in debt, and damn near 10% of revenues already going just to service the interest on it. There are probably only about 7-8 million private sector workers in the Province that have to foot the bill for all this…

#121 Cheerios Box on 04.15.19 at 11:19 am

Dealing with posters who write about ‘virtue-signaling’ and blame George Soros for Canadian domestic policy is like having a convo with a Cheerios box. – Garth

—————————————————————–

That is a hurtful, discriminatory comment and I expect an apology and reparations forthwith.

#cerealtoo

#122 IHCTD9 on 04.15.19 at 11:32 am

#112 Eks dee Siple on 04.15.19 at 10:04 am

.. IHCHTY had a post the other day making fun of a young, single mom with 4 kids, oblivious to the fact it betrayed his paternalistic attitude towards women and the work they contribute to the economy, largely unpaid. What he and most populists don’t understand is that the world is gravitating again towards the Mother Goddess, it’s a cycle.
___

Single Mom makes 50K without even working a job thanks to government handouts.

My attitude towards that is actually: get a ******* job and work for your money like the rest of us.

If you want to blame someone for this info getting out, blame the female I hired who told me all about it. In fact – hearing it from her would probably do you some good.

This is the kind of stuff that turbocharges my desire to pay even less in taxes – and you can bet 110% I’ll be paying even less in 2019 than the little I paid last year.

#123 Remembrancer on 04.15.19 at 11:36 am

#116 NoName on 04.15.19 at 10:37 am
Today i just find out that i Chile you can walk in MCD and take payment plan on a big mack.
3-months 0 interest
———————————————
Hmm, disintermediates the CC payment industry for purchasing the Big Mac – so basically a Mickey-Ds credit transaction with more favorable terms then Visa/MC etc. I could do the same thing today in the GTA though pay 17% plus in interest after 1 month.

What happens if you don’t pay, they send the Hamburgler to repro your scooter? There must be some artifact / agreement in place though a la Visa cards to manage this?

#124 crowdedelevatorfartz on 04.15.19 at 11:53 am

@#91 ponzie pilot
“I cant wait til Jason Kenny wins in Alberta and turns off the tap
++++++

‘How is this gonna lower the prize of gas in BC.?’

*******

That was called sarcasm ponzie .

I know . I know. Humour is hard.

Try this one.
If Kenny wins and moves to Edmonton.
Will he live in South Park?

#125 AGuyInVancouver on 04.15.19 at 12:08 pm

#26 Re-Cowtown on 04.14.19 at 5:51 pm
Beg to disagree. The typical BC’er lives in a bubble, firmly believing that they are disconnected from not only Canada but the rest of the world. They only maintain their lifestyle because other people do dirty jobs for them in Guangzho or Ft. Mac.

Reminding them of this from time to time is a necessary evil.
_ _ _
A laughable piece of drivel, explained only by the “cowtown” in your name. Without BC to ship Alberta products through and to, that prairie province is toast. Very little of BC’s population owes anything economically to what AB produces. That’s why we are not impressed with the literal handful of new jobs that might come with an expanded Transmountain piepline.

Alberta has a history of making poor choices. That’s why Norway has a huge sovereign wealth fund and you don’t. I’m sure choosing the slimey Kenny over Notley will be yet another bad choice. He cheated to win the UCP leadership, made bogus residency claims about living in his mom’s basement. He’s a real piece of work. Notley has done the best she could after being dealt a bad hand with the collapse in oil prices.

#126 bob on 04.15.19 at 12:10 pm

#3 Miserable loser troll. On Tuesday in AB you lose again. Loser!

#127 Lost...but not leased on 04.15.19 at 12:15 pm

Just some notes from our recent trip to Southern US….Tennessee, Alabama, Louisiana, Mississippi etc.

The main cities seem to be hollowed out of diversity insofar as businesses other than banking and civil service. Didn’t notice much in the way of living units.

One will note much urban blight, whereby buildings both large and small are boarded up and likely never ever be used again.

Many businesses such as gas stations and restaurants/ fast food locate in clusters besides highways and miles from the City…as do most retail outlets. Drone by both the Hyundai and Nissan plants out in the middle of no where.

If not there already..coming to a Canadian city near you.

#128 Eks dee Siple on 04.15.19 at 12:55 pm

IHTCHY:

“Single Mom makes 50K without even working a job thanks to government handouts.”

No, I remember you claimed 34K from gov’t and 18K from ex-hubby. And anyway, your spouse works on my tax dime. I can’t understand people like you who target the most vulnerable in our society. Newsflash: that’s not where the money is being wasted. Look higher, way higher on the socio-economic scale. Highway robbery on a grand scale.

#129 IHCTD9 on 04.15.19 at 1:20 pm

#127 Lost…but not leased on 04.15.19 at 12:15 pm

If not there already..coming to a Canadian city near you.
____

Yep, already. The city where I work is slowly dying an economic and demographic death, although the local politicians must think things are going great as evidenced by the brand new city works building, Police station, Fire station, City Hall, Library, and Marina.

Hundreds of millions spent in a city that has to actively knock down blight, half of downtown is up for sale/lease/rent, and empty industrial buildings are fast disappearing – either through removal, or re purposing into strip malls/warehouses. Some have stood empty and rotting since I was in grade school.

The best looking buildings in the city by FAR, are the ones with public employees inside them. A 5-10 second drive from these fancy places are empty boarded up houses with big holes in the roof.

It won’t be long before they have to gobble up more outlying villages and small towns to increase the tax base (again).

#130 Marcb on 04.15.19 at 1:24 pm

Shawn Allen – credit card acceptance fee’s are overly complex.

Interchange is set by the issuers and is posted publicly on Visa and MC’s websites. Each card is bucketed into a category and clears at a unique rate. The merchant acquirers (Moneris, Canada’s largest) underwrite the merchant and add spread to Interchange and this rate scheme – typically some sort of Interchange + model – is what the merchant pays.

It’s a pretty niche space and most players, from the networks down through street level re-sellers are pretty profitable. Volume business as you can imagine, that require significant R&D, network, sales channel, risk/underwriting investments.

I know merchants like to grumble about fee’s but the system works pretty well in Canada and has increased cardholder spend dramatically. Key for a merchant is to look at electronic transactions as an opportunity – eCommerce, up sell, rewards programs, line busting, delivery, reduced bad debt, etc, etc, etc. Merchants have never had better opportunities to extend their reach thanks to the card networks.

#131 Shawn Allen on 04.15.19 at 1:25 pm

Norway Sovereign Oil Wealth Fund versus Alberta

#125 AGuyInVancouver on 04.15.19 at 12:08 pm said:

Alberta has a history of making poor choices. That’s why Norway has a huge sovereign wealth fund and you don’t.

*********************************
Well some would argue that part of the reason is that Alberta is of course not actually an independent sovereign nation. Hence not all taxes collected in Alberta stay in Alberta. That’s fine with me as a Canadian who lives in Alberta but it is part of the reason.

My suspicion is that the lack of a big sovereign wealth fund in Alberta is also partly or largely due to the fact that Alberta oil sands is high-cost oil and could not support much in the way of royalties.

It’s just maybe a lot cheaper to stick a straw in the ground (even under the North Sea) to extract pools of oil as opposed to processing oily dirt into oil.

Another reason is Albertan’s unwillingness to countenance a sales tax and that probably is a poor choice.

#132 Smartalox on 04.15.19 at 1:25 pm

Correct me if I am wrong, but aren’t all Alberta oil booms driven by increasing demand for Exploration? I mean, all those oil drilling trucks, and fracking trucks and well head designers, and the companies that service all of the above, they only really get paid for drilling NEW holes in the ground – once the oil is flowing their jobs are done, anyway.

Exploration gets a boost when oil prices are high, but then when all that new production comes on stream, the extra volume produced oil drives prices down, as supply outpaces demand.

Once the oil is pumping, it tends not to need as many workers, or as much specialized equipment. That’s what I assume when I see those scenes where the pumps teeter-totter away as the horses and cattle munch grass serenely in the foreground. But someone with actual experience n the oil patch is welcome to set me straight.

#133 Sold Out on 04.15.19 at 1:28 pm

Wow, there’s alot of folks who like to refer to Trudeau as a drama teacher carrying on like understudies in an amateur production of “Les Miz”!

#134 Smartalox on 04.15.19 at 1:38 pm

If there’s an Alber-exit, what happens to all those loans that were made by the big 5 Canadian banks to Albertans? What happens if one or more of those banks decides that the economic climate is such that they don’t want to do business there anymore?

Albertans talk a lot about their taxes going to fund transfer payments to other provinces, but don’t think about how Bankers Bay Street profits underwrite a lot of loans in Alberta.

#135 TurnerNation on 04.15.19 at 2:00 pm

About Productivity in Kanada falling over totalitarian policies…some evidence.
A Zogby poll. Sure..the environment – as they frantically order overpackaged take away food, coffee cups and Amazon deliveries. Toss it.

https://www.washingtonexaminer.com/washington-secrets/survey-millennials-choose-diversity-over-merit-environment-over-jobs

-Millennials are highly networked, steeped in technology, diverse. They believe diversity, not merit, is paramount to creating the ideal workplace.
-They are more likely to feel that global warming is man-made and believe protecting the environment should top job creation.
-They believe in “the wisdom of the crowd” over formal institutions like political parties and churches.

#136 Not So New guy on 04.15.19 at 2:04 pm

And so it begins…

For everyone after the boomers, of course…

“We’re doing it for your own good!”

https://www.theglobeandmail.com/investing/personal-finance/article-how-raising-the-age-for-cpp-and-oas-to-67-would-benefit-the-whole/

#137 Y. Knott on 04.15.19 at 2:14 pm

Sorry – was away, catching-up:

#43 The real Kip (Ret) on 04.08.19 at 5:42 pm

None of the above will come to pass politically in Canada. Worst case scenario for politics in Canada is we throw the Libs under Trudeau out and put in Scheer with his Cons. Those two are so close to the centre politically they might as well be twins.

Does anyone really believe the Cons under Scheer will reverse current taxation rules brought in by the Libs? If yes, I have a bridge I’d like to sell you.

– You miss the point. If we DON’T throw Trust-Fund Boy and his slimy cronies out, we’ve passed them all the message that they won. Next term, he can do whatever he wants as brazenly as he normally behaves anyway, and it’s all good. He’ll ape his hero Xi and have himself crowned “Prime Minister for Life” within the year, and Butts will be back as his Vizier even before that.

And if Andrew Who proves to be as poisonous and morally-bankrupt in his turn, then we fling him out too. “Politicians are like diapers – they need to be changed often, and for the same reason”.

#138 SoggyShorts on 04.15.19 at 2:40 pm

#60 Shawn Allen on 04.14.19 at 8:27 pm

Not a retailer per se, but I do get payments, and it’s really hard to pay less than 2.7% on CC payments.

I push all clients to EFT, E-mail transfer, or old-school paper checks.

Meanwhile, I personally and professionally pay for everything I can with a rewards card.

Yep.

#139 IHCTD9 on 04.15.19 at 2:50 pm

#128 Eks dee Siple on 04.15.19 at 12:55 pm
IHTCHY:

“Single Mom makes 50K without even working a job thanks to government handouts.”

No, I remember you claimed 34K from gov’t and 18K from ex-hubby. And anyway, your spouse works on my tax dime. I can’t understand people like you who target the most vulnerable in our society. Newsflash: that’s not where the money is being wasted. Look higher, way higher on the socio-economic scale. Highway robbery on a grand scale.
_________

Correct, actually 32K gov, 18K ex-hubby. Ms. IH does indeed work on our collective tax dime – but the point is she WORKS for it – she does not get to sit at home and still get paid more than the individual median income in Canada for doing nothing. I don’t owe this Woman a damn nickel to raise her kids – I’ve got my own to worry about.

I got zero problems helping out folks in need – I do quite a bit on that front on a direct basis – but paying out 32K in tax free benefits to a perfectly able to work individual is just plain stupid IMHO – she can get a damn job. What’s she going to do when her kids start crossing 18 and the gravy train ends? She’ll have a 20+ year old resume with nothing on it.

#140 Shawn Allen on 04.15.19 at 2:59 pm

Credit Cards – Love Hate Relationship with Merchants

#130 Marcb on 04.15.19 at 1:24 pm said

Shawn Allen – credit card acceptance fee’s are overly complex.

Interchange is set by the issuers and is posted publicly on Visa and MC’s websites.

***************************
I don’t disagree with what you say.

Point of clarification. I understand it is Visa and MasterCard and not the numerous bank issuers who set the interchange fees. So that (large) part of the fee is the same for all issuers of a particular card category and/or applicable in various circumstances no matter the particular bank or other issuer of the card?

And that is the part I think should be regulated due to the monopoly power of Visa and MasterCard.

#141 not 1st on 04.15.19 at 3:07 pm

DELETED

#142 Remembrancer on 04.15.19 at 3:08 pm

#117 TurnerNation on 04.15.19 at 10:47 am
3. Driving a motor vehicle in a manner that indicates an intention to spin it or cause it to circle, without maintaining control over it.
——————————————–
Hmm,
#1 I expect that’s mainly for those dumb ass crotch rocket wheelie morons on the 401 from time to time. $10000 fine isn’t enough for them if you ask me. Not too many cars on the roads these days gonna lift the front end off the ground and besides the wheelie bars are murder in the Timmies drive thru…

#2 OK, no drifting… that’s a buzz kill

#3 So, if I can demonstrate that while doing my 180 I’m in control using as evidence my -provided tactical driving courses results then I’m OK?

You truly mean to say that there are no country roads anywhere without burn out marks? The local constabulary usually wasn’t fond of that back in the day either, we avoided them…

#143 Remembrancer on 04.15.19 at 3:21 pm

#131 Shawn Allen on 04.15.19 at 1:25 pm
——————————
Live Free and don’t pay any sales taxes (as long as the party rolls on anyway, then blame the east…)
https://www.alberta.ca/heritage-savings-trust-fund.aspx

BTW
Even w/ a US$ 1Trillion-ish wealth fund, Norway has 25% VAT among other things
https://tradingeconomics.com/norway/sales-tax-rate

#144 Dwight R Botnen on 04.15.19 at 3:35 pm

In regard to your picture: When you come to a fork in the road, take it.

#145 stage1dave on 04.15.19 at 3:54 pm

#77 Blorg Dorg

That’s interesting…might as well get ‘ em started early!

Wow…whats with all the deleted comments tonite/today?

#146 n1tro on 04.15.19 at 3:59 pm

#139 IHCTD9 on 04.15.19 at 2:50 pm

What’s she going to do when her kids start crossing 18 and the gravy train ends? She’ll have a 20+ year old resume with nothing on it.
——————————–
I hear universal basic income should be a human right and pays out pretty well (ie. something) given the actual input from the individual (ie. zero). Oh, and don’t forget donations….remember that lady sporting the Canada Goose jacket, last month. Donated because of broken zipper as she claimed.

#147 Barb on 04.15.19 at 7:14 pm

Actually Notley has done a far better job of governing than B.C.’s Horgan.

#148 maxx on 04.15.19 at 8:11 pm

#18 Damifino on 04.14.19 at 5:22 pm

#9 Shawn Allen

Hope everyone who collects personal points or rewards on a corporate card is reporting the that taxable benefit.
——————————————–

I’m so honest I report my Canadian Tire money.”

Points and perks are a cost to the business offering them – no different than offering a discount at point of sale. A great case could be made on this issue.

As for the Canadian Tire money……très drôle!!! Good one!

#149 Westcdn Whining Grape on 04.16.19 at 12:37 am

I get want I want pretty easily. I think it is due to having a stellar credit rating. It was not easy to build. I remember a bank was sued for discrimination because callers were linked to a credit rating. If the caller was rated low, the person had to go through telephone robotic hell to speak to a real person. Meanwhile I was transferred to a person immediately. I think this system still exists as I have no problem getting service from banks. However, I dress poorly and have a harder time with retail stores. They seem to think I am a risk. I am okay with that as then I can drive prices. I have learned not to be the commission whale.

I have threatened to cancel my credit card over fees and the banks come back with no annual fees and 1% cash back. I have no problem with that deal as others are paying for it. Paying cash is stupid. Internet banking is my name – I just have to take precautions not to get hacked.

I would like to talk about individual stocks but this not the place. Sharing can be a good thing. I vote tomorrow, let’s hope I am as smart as I think.

#150 Vancouver Real Estate Flip Flops on 04.16.19 at 11:22 am

another flop

Mortimer_1
https://twitter.com/mortimer_1?lang=en

#151 Gravy Train on 04.16.19 at 12:14 pm

#113 Eks dee Siple on 04.15.19 at 10:12 am
“#100 Gravy Train has never heard of Galen Winsor? He designed nuclear power plants.”
https://www.libertariannews.org/2012/06/27/man-eats-uranium-drinks-and-swims-in-reactor-water-ignites-plutonium-in-his-bare-hand/

Are you serious?* I can never tell when you ‘deplorables’ are joking or just being stupid! Do you think ergs, rads and grays are made-up units of measure? Click the following chart for the effects of acute radiation exposure, genius:
https://en.wikipedia.org/wiki/Absorbed_dose#Deterministic_effects

*Former Secretary of State John Kerry recently asked House Representative Thomas Massie the exact same question.