Now what?

 – Andy Seliverstoff photo

Update (Oct.22): Libs 157, Cons 121, Bloc 32, NDP 24, Green 3. Tories won the popular vote but Grits form the government.

____________________________________________________________

Okay, I admit it.  This is being written before the election result is known. Bandit can’t wait up. No matter. The odds are it’ll take some time to figure out where power actually lies in a minority government situation. We could be doing this all again in a couple of years.

Here’s what we know.

The Dippers will not support the Cons. Ever. So there’s the chance of a Liberal-NDP coalition government which is (from a financial dude’s point of view) the Sum of All Fears. Potential outcomes include an increase in the capital gains inclusion rate, diddling with dividends, lots more spending (and deficits), a renewed thumping of small business people and maybe even the inklings of a wealth tax.

Or, we could have a Tory-Bloc marriage. The reinvigorated, renewed nationalist Bloc Quebecois party has been the big story of this campaign, stealing the Lib majority and creating a pesky nest of squishy sovereignists. And while Quebeckers tend to lean left in a wind, there’s an element of fiscal discipline there that makes it possible for them to support Conservatives. If they get something out of it, naturally.

A majority win by anyone tonight would be a shock. If it happens, it will be pulled off by T2. And we already know what that will mean. More than $90 billion in new deficits over four years, a 10% luxury tax, the shared-equity mortgage up to $800,000, big increases in social spending and probably no pipeline.

The Greens are toast, missing their one giant opportunity to capitalize on Greta and win ten or a dozen seats. Liz May is a nice lady who’s sat in my kitchen and petted Bandit, but her day is done. As for Mad Max, the best he can hope for is a one-seat party which means he can sit and hate in peace. Of course if the 2% or so that his movement garnered had been added to the Con vote we’d be looking at a different scenario by Thursday. But with Max, ego comes before nation.

Blackface hurt Trudeau. The smear-PPC hurt Scheer. Jagmeet exceeded all expectations. And it’s extraordinary a majority Liberal government lasted just one term, even when headed by a rockstar politician who gave legal drugs to the  masses and cried on camera when Gord Downie checked out. We are in strange times.

Here’s a view from Bay Street analyst Ed Pennock:

It Seems that the 2 major Parties have ended up where they started. Support levels in the low 30%’s. Underneath is a different story. There is resurgent seperastim in Quebec. There is building separatism in the West. The Greens continue to make inroads. The “Greta” effect? This outcome that delivers a minority government. Thus a huge amount of political leverage to the NDP, the Separatists, and the Greens. The fault lies directly with what the electorate has taken to be general mismanagement of the country’s affairs. The current opposition lacks charismatic leadership. As well as some murky views on things like abortion.

That’s succinct. The country may be fracturing. Progressives and paleos. West and East. Quebec et le reste du Canada. Moisters vs wrinklies. Climate changers and pipeliners. And the wealth divide slices through all of it. Too bad the election campaign threw red meat (sorry, Lizzie) at every faction.

The parties were all about picking over the national carcass and giving pieces of it away. First-time homebuyers got tax credits and grants. The Boomers got more CPP and OAS. Billions more for parents. Endless spending with every major party promising to run deficits in order to pay for it – rather astonishing after ten years of economic expansion. The seeds are being sown for two decades (at least) of tax increases, after 40% of voters have been removed from the tax rolls.

Like I said, strange times.

What next?

The immediate market reaction, assuming a minority outcome by tomorrow morning, will be tepid. No surprise there. If the NDP gangs up with the Libs, the budget in February will be the Moment of Truth. Stay tuned and we’ll tell you how to turtle your way through that one.

Of special note will be Alberta and Quebec. No pipelines and steady increases in the carbon tax will make Jason Kenney’s head explode. It’s no stretch to expect Reform-Party-style separatist sentiment to emerge again. What a shame one term of a majority government led by a guy from Quebec who worked in BC has led to this. Maybe it was the socks. Or the sari.

Thirty-one years ago I ran to be an MP for the first time. The election issue? Free trade. Cons said it would guarantee unfettered access to our largest market. Libs warned of absorption by the USA. “This,” thundered John Turner (no relation), “is the fight of my life.” Retorted Brian Mulroney, “You, sir, are simply afraid. I am not.”

Now we give people mortgage money, and wonder why houses cost too much.

Not with a bang, but a whimper…

220 comments ↓

#1 Shawn Allen on 10.21.19 at 3:45 pm

Actions matter more than predictions

A random investing thought.

Buffett has sometimes explained that he predicted certain things and then did not act.

He then said that correctly predicting epic rain does not count for much unless you actually build an Arc.

Similarly, predicting gains (or losses) on stocks, houses or gold counts for little unless you actually act on and profit from those predictions.

Maybe we can have a day where the various commentators here can brag about a time when they predicted something and acted on it for big gains. Sure I know that balanced investing is safer. But big gains are interesting.

#2 conan on 10.21.19 at 3:52 pm

I will go out on a limb and say: Dirty politics do not work in Canada.

I think the use of American shock politics “a la Trump” backfired with undecided voters.

That means JT minority, or majority.

#3 Polozified on 10.21.19 at 3:56 pm

No matter whether Red or Blue get a minority, pipelines will still get built because that’s something they both agree on.

So relax!

#4 Captain Uppa on 10.21.19 at 4:07 pm

Liberal minority will be the outcome. And I do believe your Sum of All Fears will be a reality with T-Jag.

#5 Frances on 10.21.19 at 4:09 pm

Garth, who did you vote for?

#6 BoDiddley on 10.21.19 at 4:11 pm

Excellent synopsis, Garth. Aren’t you glad we’ve been given a ticket to this whole freak show? Strange time indeed.

Personally, I couldn’t enjoy it more. I’ve never witnessed an election cycle like this. George Carlin’s ‘Circling the Drain’ speech comes to mind. Given what’s happening over Stateside right now, it was only a matter of time before chaos ensued here in Canada. Remember that old saying, when the US sneezes, Canada catches a cold?

Enjoy the sequel, folks….

#7 Doug t on 10.21.19 at 4:32 pm

The people that are best qualified to be PM are waaaaaaay to intelligent to subject themselves to the BS that comes with the position and that is why we end up with egos, liars, charlatans and gas bags. You have to be an utter fool to enter politics and be subjected to the new age of social media, fake news and rage

#8 TurnerNation on 10.21.19 at 4:33 pm

Matters not who wins it, the fix is in for Kanada.

Red wins = leftist UN agenda.
Blue wins = Red and Orange team up to veto
We get Leftist UN agenda.

RIP AB. Sell housing soon.
They really hate AB. UN pet was sent there to lecture pronto
Self sufficience is not in the agenda.

#9 Paul Volka on 10.21.19 at 4:33 pm

I’d take a Liberal / NDP split rather than the Conservatives pandering to separatist sentiments. If Quebec does go on the separatist path again, give all people in Canada a vote. I guarantee there will be very few “please stay” rallies in Canada this time around, and Quebec will learn that the rest of Canada will more than help them leave the Confederation (but not strictly under their naive and idealistic terms).

#10 pete from St. Cesaire on 10.21.19 at 4:35 pm

You can’t delegate to others rights and powers which you yourself don’t possess.
Voting is choosing a master for yourself.
Voting is choosing a master for your neighbours despite their wishes.
A democratic system, by it’s nature, means that the voice of those in the minority doesn’t matter. A constitutional republic, on the other hand, is supposed to ensure rights for all.
Voting is to consent to (and shoulder the responsibility for) whatever is done by those you voted for.

Anyway,
If you’re in Winnipeg North remember you have the option of voting for Kevin Annett and the Republican Party of Kanata.
Luckily, I’m in Quebec so it’s BLOC for me.
Best we can hope for is a BLOC-something coalition although a BLOC minority is theoretically possible.

Vive le Quebec Libre & long live the Republic of Kanata.

#11 Trudeau on 10.21.19 at 4:45 pm

IS your winner

just too dann easy.

Canadians are a dumb bunch

#12 G on 10.21.19 at 4:47 pm

“Bandit can’t wait up.” Bandit sounds like a reasonable sol. I may fallow his lead. It would help to make the morning drive safer at the very least.

#13 Linda on 10.21.19 at 4:54 pm

A Liberal/NDP coalition will not be good for anyone who believes in fiscal restraint, saving or wealth building. However, the Conservatives haven’t exactly been preaching fiscal restraint either & if they end up in charge with Bloc support you can bet Quebec is going to continue to have mucho moolah tossed their way.

As for Jason Kenney, a Lib/NDP coalition will undoubtedly be utilized as the reason why his UCP government hasn’t been able to magically restore Alberta to boom conditions. Properly leveraged, it may well ensure a second term from Alberta voters. However it turns out, I do not see a pipeline being bestowed upon Alberta. One must presume a Con/Bloc alliance would include a ban on pipelines from the Bloc before they said ‘I do’. Unless of course an ice age ensues & good luck building a pipeline under those conditions:)

#14 Alberta Ed on 10.21.19 at 4:54 pm

Seems like we’re going to get everything except principles from this lot.

#15 FreeBird on 10.21.19 at 4:55 pm

Wonder if MLK III’s support for Trudeau will help. Not really covered by MSM here or in US…

https://www.google.ca/amp/s/www.chathamdailynews.ca/news/politics/election-2019/martin-luther-king-iii-says-he-would-vote-for-trudeau-despite-pipeline-and-blackface/wcm/5c6ca94a-b04e-4585-b2db-01346e314fca/amp

#16 Shawn Allen on 10.21.19 at 5:04 pm

Intelligence?

#7 Doug t on 10.21.19 at 4:32 pm
The people that are best qualified to be PM are waaaaaaay to intelligent

************************
“to” intelligent? Irony or just an innocent typo?

#17 Sail away on 10.21.19 at 5:05 pm

#2 conan on 10.21.19 at 3:52 pm

I will go out on a limb and say: Dirty politics do not work in Canada.

I think the use of American shock politics “a la Trump” backfired with undecided voters.

That means JT minority, or majority.

————————————–

What?? Canadian politics have been nasty, dirty, mud-slinging debacles for a lot longer than the last 4 years.

Nothing to do with Trump. Do not evoke HIS NAME!

#18 G on 10.21.19 at 5:06 pm

(Garth it’s your blog, if you don’t like Stefan Molyneux the presenter just delete this post and save yourself the 42min)
The Truth About Canada’s Election Part 3: Economy
https://www.youtube.com/watch?v=Hvcgev8cxis

#19 Blacksheep on 10.21.19 at 5:17 pm

Shawn O the banks goes data mining # 1,

“Maybe we can have a day where the various commentators here can brag about a time when they predicted something and acted on it for big gains.”
—————————————————-
Ignore this sockpuppet Dogs…give him nothing.

#20 crowdedelevatorfartz on 10.21.19 at 5:18 pm

My God this election has been annoying, and its only been about a month of their “everything to everyone” crap.

I can’t imagine what Brexit has been like for the average voter in England after 2.5 years of endless bickering and backstabbing……

6 hours til Trudeau experience’s the shrinkage factor……

#21 yorkville renter on 10.21.19 at 5:20 pm

I loathe the NDP
I am disappointed with Mr. Socks veering (and staying) Left
I am disappointed Scheer is leader, as he has ZERO life experience

This is a ‘plug your nose and vote ‘ election and I wish I could vote FOR something instead of against

#22 Sold Out on 10.21.19 at 5:23 pm

The absence of a new pipeline causing Jason Kenney’s head to explode (two great outcomes) could have another upside; western separatists drive the devolution of the Cons into their two previous camps, with Libs once again the natural ruling party. The majority of Canadians want a socially progressive government; if that government were also fiscally conservative, perhaps led by Mark Carney… now we’re talking.

#23 marcus on 10.21.19 at 5:42 pm

Sadly Canada has not had a real choice nor a real vote for many many decades. No matter who wins it will be others who pull the strings. Canada is as Garth stated “Pooched”.

#24 Sail away on 10.21.19 at 5:44 pm

#19 Blacksheep on 10.21.19 at 5:17 pm

Shawn O the banks goes data mining # 1,

“Maybe we can have a day where the various commentators here can brag about a time when they predicted something and acted on it for big gains.”
—————————————————-
Ignore this sockpuppet Dogs…give him nothing.

————————————

I enjoy Shawn’s writing. He writes well, explains his point well, and is knowledgeable about the subject. Can’t really say the same for those who try to tear him down… ahem…

#25 Dutchy on 10.21.19 at 5:46 pm

So the “Cons and Co” are polling below 40%.
That is the majority’s verdict.

#26 acdel on 10.21.19 at 5:52 pm

#18 G

Everybody should watch Stefan’s video; he tells it like it is and provides the facts.

#27 Debtslavecreator on 10.21.19 at 5:56 pm

The core issues are essentially the same in most of the developed world re unaffordable rent/housing, poor inflation adjusted wages , high debt and tax levels
The public WILL eventually wake up and connect the dots and point the finger where it belongs at the system / high level > the two crown corporations called CMHC and the BofC and their brethren in the rest of the world who’ve distorted the price of credit / money in an extraordinary way via interest rate manipulation and massive subsidies via mortgage default guarantees etc

It’s a massive financial engineering fraud designed to tax away the poor and “middle” classes disposable income and transfer it to the RE/financial and government elite

Now the currency declines at an much faster pace with shock tax increases and radical politics
The public is right to be angry but it misdiagnoses the problem and therefore goes with the wrong solution

Government is and always has been the tool used by the few to loot the many
It can never be allowed to get huge relative to the economy which is the natural tendency

The corruption and fraud grow as does government
The return on every dollar spent lobbying exceeds anything that can be earned in normal business.

Let’s pray for our nation tonight

But I get the sense it will be a Bolshevik revolution completed > T2 will govern either way and even if that means a coalition with his socialist buddies

That first budget will be a freak show do hang on to your wallets folks

#28 BlogDog123 on 10.21.19 at 6:05 pm

Other zany election outcome scenarios:

1) Libs+Cons coalition (just to stick it to the NDP, save that pipeline and AB from bolting)… Libs/Cons are like water and oil, not gonna happen with Butts whispering in Justin’s ear.

2) Some libs cross the floor to the cons to give Cons a 1-seat majority… Some closet-Justin-haters in the lib ranks… Again, a long shot since Scheer blew it.

3) Alberta starts referendums Tuesday morning: Gotta get those investment dollars back, so we’re going it alone.

The libs had a better ground game this election and Scheer had no strong ground game/strategy:

1) Libs saturate radio/TV with ads, ads, ads.
2) Coordinate with Ontario teacher’s dispute ads: “doug ford CONSERVATIVE CUTS.” repeat, repeat, repeat. Linking Douggie and Andrew worked.
3) Trudeau whirlwind visits with two planes, every whistle stop: a) answer every question with:”Conservative cuts, blah blah” b) deflect, decline to answer directly c) lather, rinse, repeat and stay on script d) Media just nods and moves on, no challenge to T2’s non-answers!
4) CBC suing Cons but not libs for same “use of footage”. Bias.
5) Scheer had no strong rebuttal to climate change “do nothing”, all the climate action days, Greta and media keep hammering the “existential crisis we’re doomed unless we do SOMETHING” along the liberal party plans.
6) Media tended to focus coverage on what’s Trudeau doing today, rather than other leaders… More attention on him saying the same things over and over until they become “truthiness”.

That’s the way BlogDog123 sees it…

#29 Shawn Allen on 10.21.19 at 6:08 pm

“The Government” will get in

Some wag said years ago that it does not matter who you vote for. “The government” always seems to get in. Thne point was, not much changes either way.

P.S. Thank you Sail Away.

I have today been labeled “sockpuppet”. That is amusing. I may not always be right about things and none of us are free of bias but I am always 100% honest and sincere in my views and I have a lot of education in financial matters. I never parrot the views of others (well okay except Warren Buffett). I come to my own views after analysis and thinking often over a period of many years. I like to think that I have helped educate at least some people here over the years.

#30 The Wet One on 10.21.19 at 6:09 pm

Hmmm….

No matter what happens, I’m reasonably sure that the country will be fine.

It’s possible that it won’t be, but I don’t think so.

Existential crisis isn’t here now.

There will be change, possibly significant change, but it will be at the margins.

Canada will abide.

#31 JSS on 10.21.19 at 6:15 pm

#24.
Yeah I agree, Shawn A writes good

#32 Devil Anse on 10.21.19 at 6:21 pm

Hey Garth – As the former Minister of National Revenue, what do you think about Andrew Sheer’s promise to allow Quebec to collect federal taxes through one tax return? It sucks for Quebecers to have to fill out two tax returns every year as they do now. And apparently this added layer of admin costs like $400M per year. But shouldn’t it be the feds who collect? Does it matter? Or was this a naive and perfidious promise by Mr Dimples to win a couple of seats in Quebec?

#33 Refugee In My Own Country on 10.21.19 at 6:24 pm

With a Trudeau win I am a refugee in my own country. The smarter guys I know have their assets in other countries. I just stayed and paid. Yes, I am from the West. I doubt provincial governments can do anything fast enough to appease the rising rage in normally placid, honest people here. Attacks on us by Trudeau and cronies like Butts will just continue. I normally don’t like to put things in binary terms, but in this case Trudeau IS the enemy, pure and simple. Of course, he is also the empty face of the corrupt Liberal patronage machine. When you believe that you are a refugee in your own country you look for another country, either one that will not punish you for being frugal and productive, or just that part of your old country that you are willing to fight for.

#34 Dazed and CONfused on 10.21.19 at 6:26 pm

I miss the good old days (before Facebook, Twitter, Instagram, the Russian Internet Research Agency, etc.) when a voter could cast his/her ballot based upon on accountable information published in real, less partisan, daily newspapers delivered to my front door.

The evolution of the internet has not been kind to Canadian democracy.

#35 MF on 10.21.19 at 6:27 pm

Rather bleak view Garth.

The rise of the “fringe” parties like the NDP, Bloc, Greens and PPC is not so much about separatism as much as it disillusionment with the Libs under Trudeau.

Leftist voters who disapprove of T2 are being herded into the NDP or Greens. In Quebec they will have the option of the Bloc. The PPC is the only far right party in Canada, and so its appeal is limited (hence the flat Conservative numbers).

The conclusion:

Con minority.

Afterwards? No idea.

MF

#36 Penny Henny on 10.21.19 at 6:31 pm

HEY! Turnernation.
Thanks for the heads up on SIR.

That’s why some of us keep on coming back

#37 MF on 10.21.19 at 6:33 pm

#6 BoDiddley on 10.21.19 at 4:11 pm

#38 Entrepreneur on 10.21.19 at 6:38 pm

“The Greens are toast…” above article.

I have to disagree with you on this one as many folks are concerned about the climate, turning away from the traditional Liberal/Conservative vote, and like a man said that he is voting from his heart voting Green. Most of us are.

I predict that the Liberals will be down in numbers, Conservatives gain seats but not a majority, NDP gain seats, but I think that the Green Party gains are enough to form a coalition and I think it will be with the Conservatives.

Transition it is.

We will see tonight and what might be the possibilities.

#39 MF on 10.21.19 at 6:39 pm

#6 BoDiddley on 10.21.19 at 4:11 pm

“Freakshow”?

-Are you for real?

In a world where people risk death to go vote, here in Canada we file calmly and patiently at the stations for 2 minutes after work. Zero violence.

In a world where people HATE the guy who votes for the other party, here in Canada we merely criticize and get on with our day.

In a world where political parties run on promises of violence and destruction, ours parties run on the promises of benefits.

If you call that a freak show, you are delusional.

MF

#40 Remembrancer on 10.21.19 at 6:40 pm

#13 Linda on 10.21.19 at 4:54 pm
As for Jason Kenney, a Lib/NDP coalition will undoubtedly be utilized as the reason why his UCP government hasn’t been able to magically restore Alberta to boom conditions
————————–
Yep, JK can blame the mean old east as much as as he wants, but with West Texas at $53 and Brent Crude at $58 there is no Alberta boom… But hey, there’s still $18B in the heritage fund pot as of last June bubbling along…

#41 TurnerNation on 10.21.19 at 6:40 pm

100%, new taxation coming. Working more, for our elite rulers. Why should we get to keep more?
They rule with superiority and know what’s best for us.

#42 Eaglebay on 10.21.19 at 6:41 pm

#9 Paul Volka on 10.21.19 at 4:33 pm

What stops us to fight for and demand the same rights and opportunities that Quebec has? Good for them and bad for us wussies.

#43 Cto on 10.21.19 at 6:47 pm

An old song by “the who” comes to mind.
Cant get that Roger Daltry scream out of my head.
Yhaaaaaaaaaaaa!!!!!!!!

#44 I'm Alright Jack on 10.21.19 at 6:48 pm

I’m with Bandit. Going to bed at my usual time (9:30 ish). Not watching or listening to any news tonight that could upset my dreams.

Will wake up tomorrow and face the outcome, which I fear will be a Lib/ Dipper coalition of some sort. I can only pray for Canada at that point (and I’m not religious, so this may have little effect).

Also, trying to figue out a way of hiding my retirement stash from their greedy little hands.

#45 Jamie on 10.21.19 at 6:48 pm

All election promises are BS until you file your taxes and realize you’ve been optioned out. If your combined income is over 100k good luck…

#46 Steven Rowlandson on 10.21.19 at 6:54 pm

Don’t worry Garth no matter what happens you will get more tax fiddling, borrowing and spending….
You will not get moral and responsible government as it is illegal.

#47 Nonplused on 10.21.19 at 7:05 pm

#5 Frances on 10.21.19 at 4:09 pm
“Garth, who did you vote for?”

That question is off limits in polite company. It’s worse than “Have you found Jesus?”. You just don’t ask people that. If they want to tell you, fine if they feel they must, but there are plenty of reasons the ballot is anonymous and no cameras are allowed.

Anyway I feel for Garth because we really are voting for the lessor of two evils today.

#48 The real Kip on 10.21.19 at 7:06 pm

Columbus Blue Jackets at Toronto Maple Leafs. I know what I’m watching. Go Leafs Go!

#49 Yuus bin Haad on 10.21.19 at 7:10 pm

OK, ground rules first: vote-splitting is measured by riding; not regionally; not nationally. D’accord?

#50 Timmy on 10.21.19 at 7:13 pm

Tory Block alliance? Are you on crack Garth? Imagine whiny Preston Manning saying the west wants in…the Cons partnering with a party that wants to break up the country? lol….It will be a Liberal minority with the NDP…Trudeau is lucky the Cons have someone as dumb as Scheer, otherwise he’d be toast

#51 BoDiddley on 10.21.19 at 7:19 pm

#35: MF

LOL. It’s people like you who take life WAY too seriously. And you’re saying I’m delusional for calling the whole clown show for what it really is? Get a grip dude. Garth NAILED this one.

Obviously you believe the current ‘system’ works and completely flawless in its approach of governing. If you truly believe this is the same Canada that Sir. John A Macdonald founded, I know who’s really delusional here. PS: I was referring to the ‘leaders’ by the way.

Thanks for my nightly chuckle though. I get a kick out of your type. Enjoy the spectacle tonight, folks!

#52 AGuyInVancouver on 10.21.19 at 7:19 pm

#33 Refugee In My Own Country on 10.21.19 at 6:24 pm
With a Trudeau win I am a refugee in my own country. The smarter guys I know have their assets in other countries. I just stayed and paid. Yes, I am from the West. I doubt provincial governments can do anything fast enough to appease the rising rage in normally placid, honest people here. Attacks on us by Trudeau and cronies like Butts will just continue. I normally don’t like to put things in binary terms, but in this case Trudeau IS the enemy, pure and simple. Of course, he is also the empty face of the corrupt Liberal patronage machine. When you believe that you are a refugee in your own country you look for another country, either one that will not punish you for being frugal and productive, or just that part of your old country that you are willing to fight for.
_ _ _

Don’t let the door hit you on the way out!

#53 Sunshowers on 10.21.19 at 7:22 pm

Looking forward to my vote not counting again because of our terrible electoral system.

#54 Sail away on 10.21.19 at 7:29 pm

#47 Nonplused on 10.21.19 at 7:05 pm

Anyway I feel for Garth because we really are voting for the lessor of two evils today.

———————————-

Somebody leased two evils? I don’t even know how to lease one evil, let alone two!

#55 marcus on 10.21.19 at 7:35 pm

#33 Refugee

Canada is pooched. Globalism on steroids with a very low political IQ population. Sad for their ancestors. They are crying. Their progeny have let EVERYTHING fall away. Pretty pathetic actually. The demographic and thus political shift guarantees the total elimination of traditional conservatism in Canada. It will NEVER return since the new population will not even be part of the European diaspora. It is amazing that Canadians literally handed over a country that is worth hundreds of Trillions of dollars. Amazing!!

#56 akashic record on 10.21.19 at 7:37 pm

Why do we have pencils, instead of pens at the voting booth?

#57 Nonplused on 10.21.19 at 7:40 pm

“The country may be fracturing. Progressives and paleos. West and East. Quebec et le reste du Canada. Moisters vs wrinklies. Climate changers and pipeliners. And the wealth divide slices through all of it. Too bad the election campaign threw red meat (sorry, Lizzie) at every faction.”

I’ve been predicting the country would fracture ever since BC usurped the Federal government’s authority over inter-provincial issues like trade and pipelines. If pipelines carrying Alberta products and employing people in both Alberta and BC because the BC government can just stop it, Alberta and BC are no longer a union. I’m not saying that BC shouldn’t be able to set environmental and safety standards and partial ownership by vested interests like the first nations affected, sure their should be a negotiation. But if they can outright block it while they drive around in their cars and import fuels from the US via barge, there is no longer a union and we should close the boarder. Once the original Trans-Mountain pipeline is closed and abandoned, Vancouver will become much closer to carbon neutral, the price of gas in Alberta will plummet, and we’ll have more light liquids to mix with the bitumen raising the value of WCS to US buyers. Property values in Fernie and Invermere will plummet (they already are) as Albertans try and sell BC and buy Canmore, which they are already doing.

The union is dead. It died with the pipelines. If you can’t build a pipeline, it’s hard to see how you could build a new rail line or road. Remember, roads are made out of heavy oil lying on the ground. Not dangerous. If you mix oil with water, that is bad for the fish. If you mix oil with sand and gravel you get a road. And the grass grows up through any cracks and the bugs just walk across it, unharmed. It’s not like a pesticide that kills all the bees.

Most of us (well, not me I am environmentally friendly) also have asphalt shingles on our roofs. Know what that is? Paper gummed together with tar (much like bitumen) with small gravel pressed into the gooey tar. Yup. Your roof is an oil spill (unless you have tiles like I do).

So the largest “oil spill” there every was, and it is huge, is the roofs and roads and highways of our cities all across North America. Strangely, it doesn’t seem to be causing a lot of long term damage.

Do they recycle the roads? To some extent yes they can grind the top layer up and add some new tar and re-lay it. Shingles? No. Every 20-25 years that shit goes in the landfill, where it will remain identifiable to future archaeologists as a worn out shingle in thousands of years from now. The rest of your house will be there too by the way.

The function of the Federal government is no longer valid as the provinces have gone rogue and assumed powers that belonged to the union, particularly BC, Quebec, and Ontario. The union is thus finished, it’s just a matter of time.

#58 IHCTD9 on 10.21.19 at 7:40 pm

The deed is done. Ms. IH and I walked down to the polling station this evening, and for the first time since the 90’s – did NOT cancel out each other’s vote!

The SNC debacle and creepy blackface photos were just too much for her to take. She got to vote for her beloved NDP even though the Cons/Libs are running neck and neck. If it weren’t for T2 stepping on rakes and smacking branches with his face every other week, he would have had her strategic vote.

I voted Scheer because it’s so close. I’ve already structured things here at the bunker complex so that I win no matter which way it goes, so no biggie if T2 eeks out a minority win.

#59 Cici on 10.21.19 at 7:43 pm

#45 Jamie

Indeed, finally someone catches on!

#60 Nonplused on 10.21.19 at 7:44 pm

#54 Sail away

Ha, ha, very funny. The grammar police are always out there, but seldom swift to the idea that nobody cares.

But, now that I think about it, maybe the two evils are both being leased. Good catch.

#61 MF on 10.21.19 at 7:46 pm

#51 BoDiddley on 10.21.19 at 7:19 pm

“LOL. It’s people like you who take life WAY too seriously. And you’re saying I’m delusional for calling the whole clown show for what it really is?”

-No.

My point was simple:

-Elections are more serious and important than calling them a “clown show”.

-Our elections, for all their faults, are as good as it gets.

Negativity is for losers. Real ones who have lost in life. Winners are generally happy with the system.

MF

#62 IHCTD9 on 10.21.19 at 7:48 pm

#54 Sail away on 10.21.19 at 7:29 pm
#47 Nonplused on 10.21.19 at 7:05 pm

Anyway I feel for Garth because we really are voting for the lessor of two evils today.

———————————-

Somebody leased two evils? I don’t even know how to lease one evil, let alone two
—— —

Bulk discount? :)

Nonplused’s typo may actually prove correct if we end up with a Lib/NDP combo and it goes bust in 2.

Two evils leased for 4, but sent back to the dealer after 2 because the mileage and door dings were piling up too fast!

#63 The real Kip on 10.21.19 at 7:51 pm

Toronto 2 – Columbus 2 after one period. Mathews tied it up late in the first. Every time Toronto has played to a tie in the first period of Election Day it guarantees a minority government. That’s right, every time.

#64 Lost...but not leased on 10.21.19 at 7:55 pm

DELETED

#65 Bytor the Snow Dog on 10.21.19 at 7:55 pm

Held my house and voted for Scheer.

I feel dirty.

#66 Refugee In My Own Coutry on 10.21.19 at 7:56 pm

Hey #52 in Vancouver. If the door hits me on the way out, who you gonna steal from? Who will pay your welfare check? Who is going to buy anything in B.C so you can tax them to death?

#67 Bytor the Snow Dog on 10.21.19 at 7:57 pm

Dammit “nose” not “house”.

When are we gonna get an edit function?

And yes, I’m not blind to Garth’s blog yesterday. That said, he’s been asking for too many MSU’s lately.

#68 Lost...but not leased on 10.21.19 at 8:02 pm

My election prediction?

Man..this is a tough one to call.

I used to think I was reasonably informed re: candidates, but it has literally been a No – Name brand election. My incumbent Liberal MP is a real dubious person…yet had THE most signs posted.

My gut feel is a minority gov’t..likely Liberals either on ” just enough” votes or via NDP coalition.

What will be interesting is Bernier and PPC vote…

#69 Rargary on 10.21.19 at 8:05 pm

Go Cons!

#70 akashic record on 10.21.19 at 8:10 pm

“You, sir, are simply afraid. I am not.”

There is zero historical importance whether Mulroney or Turner was afraid or not.

What matters, whether Canadians have an increasing standard of living in the past 30+ years, is it a better place to live here now?

Based on this blog – not really.

#71 Sail away on 10.21.19 at 8:12 pm

#56 akashic record on 10.21.19 at 7:37 pm

Why do we have pencils, instead of pens at the voting booth?

———————————–

If the coureurs de bois carrying the ballots to Ottawa overturn their canoes, ink is prone to washing out. Pencil remains. You’re welcome.

#72 reynolds531 on 10.21.19 at 8:19 pm

Tomorrow on the greater fool blog:

How to set up an offshore account. And the best way to bury a rifle in the backyard.

#73 IHCTD9 on 10.21.19 at 8:19 pm

#33 Refugee In My Own Country on 10.21.19 at 6:24 pm
—-

You should be doing something about this. I am, and am winning big. When it comes to taxes, I have made myself a “hard target”. In fact, thanks to some of T2’s dingbat policies, I’m paying less taxes without even doing anything.

Start thinking about what you can do to make tax free cash, (sell your junk on kijiji, gains inside TFSA’S, pound it into RRSP’s, more) and pay less tax on all fronts (check your consumption spending, especially conventional energy usage). Lots of avenues to shovel the feed right back out of the trough.

Trust me, ACTION is guaranteed to turn your frown upside down.

https://en.wikipedia.org/wiki/Soft_target

#74 Shawn Allen on 10.21.19 at 8:31 pm

Standard of Living Improved?

#70 akashic record on 10.21.19 at 8:10 pm
“You, sir, are simply afraid. I am not.”

There is zero historical importance whether Mulroney or Turner was afraid or not.

What matters, whether Canadians have an increasing standard of living in the past 30+ years, is it a better place to live here now?

Based on this blog – not really.

**************************
Based on reality, absolutely. Were you an adult back then?

Many would question if we are better off now that we have our cell phones and connected world. But almost no one is willing to disconnect.

Is it a benefit to have so many more fast foods restaurants per capita? Well, apparently yes, the people have voted with their wallets.

Cars were fairly reliable and safe by 1988. But they are far better now and for a basic car there has now been that much inflation since 1988. Car prices soared in nominal dollars in the 70’s and early 80’s. They are down in real dollars since 1988 and offer better quality.

The people I know are living quite a bit better than they or their parents did in 1988. Not everyone is though I am sure.

Oh and the unemployment rate? Far higher in 1988. Houses were far cheaper though that is for sure.

#75 Long-Time Lurker on 10.21.19 at 8:33 pm

>I made this prediction back in February so now we’ll see if I got it right: A Conservative minority government.

#61 Long-Time Lurker on 02.13.19 at 10:54 pm
Off-the-wall prediction:

Andrew Scheer (Conservative) defeats Justin Trudeau (Liberal) in the next Federal Election. He gets a minority government.

Let’s see what happens.

#76 IHCTD9 on 10.21.19 at 8:34 pm

#52 AGuyInVancouver on 10.21.19 at 7:19 pm

Don’t let the door hit you on the way out!
———

Do you sport a “No Fear” sticker on your car? How about a pic of Calvin pi$$ing on a Ford, Chevy, “whatever” emblem?

Dude, it’s time to get a new “happy you’re leaving” insult. This one has just been DONE TO DEATH.

Even saying “fine, just ****-off then” would show better creativity and wit than the ‘ol door hitting your azz thing again.

#77 Nonplused on 10.21.19 at 8:36 pm

https://globalnews.ca/news/6038572/watch-live-2019-canada-election/?utm_source=site_banner_persistant

So far Liberals way out ahead but until Ontario starts closing it’s way to early to say.

#78 crowdedelevatorfartz on 10.21.19 at 8:36 pm

@#71 Sale Oy Vey!
“#56 akashic record on 10.21.19 at 7:37 pm

Why do we have pencils, instead of pens at the voting booth?

———————————–

If the coureurs de bois carrying the ballots to Ottawa overturn their canoes, ink is prone to washing out. Pencil remains. You’re welcome.”

++++

OR the conspiracy theorists would say a down home folksy Canadian version of a Russian Election Hack is……..

“Break out the erasers fellas we’re about to win!”

#79 Yukon Elvis on 10.21.19 at 8:40 pm

A real nail biter. Libs leading cons 25 to 7. As per CBC news.

#80 crowdedelevatorfartz on 10.21.19 at 8:40 pm

Is it me or……has Millennial Surrealist gone silent……

Trudeau emasculated…….. 4 hours and counting :)

#81 TurnerNation on 10.21.19 at 8:41 pm

On this hallowed eve if anybody is thinking that this new govt (doesn’t matter which) will be listening to you…there is news. A 10-year plan must be rolled and they must do that bidding. Not yours.

Read this long page and realize, not one cent of the extra taxation will provide anything net new to us:
https://sustainabledevelopment.un.org/post2015/transformingourworld
28. We commit to making fundamental changes in the way that our societies produce and consume goods and services. Governments, international organizations, the business sector and other non-state actors and individuals must contribute to changing unsustainable consumption and production patterns, including through the mobilization, from all sources, of financial and technical assistance to strengthen developing countries’ scientific, technological and innovative capacities to move towards more sustainable patterns of consumption and production

#82 akashic record on 10.21.19 at 8:41 pm

#71 Sail away on 10.21.19 at 8:12 pm

#56 akashic record on 10.21.19 at 7:37 pm

Why do we have pencils, instead of pens at the voting booth?

———————————–

If the coureurs de bois carrying the ballots to Ottawa overturn their canoes, ink is prone to washing out. Pencil remains. You’re welcome.

Pen and pencil behave quite the opposite in my pocket.
If we cast vote with ink on textile, we would never have to worry about those overturning canoes.

#83 acdel on 10.21.19 at 8:42 pm

Interesting story of a reclusive billionaire purchasing large chunks of the Cayman Islands; certainly not worried about climate change considering the Island is only 7 ft above sea level!

https://nationalpost.com/news/world/why-is-secretive-billionaire-kenneth-dart-rapidly-buying-up-the-cayman-islands#comments-area

#84 The real Kip on 10.21.19 at 8:46 pm

Toronto 3 – Columbus 2 after two periods. Nylander cracked it open at 19:15 of the second. Whenever Toronto leads after two periods on Election Day the guy with the nicest hair wins the election. Every time.

#85 Ustabe on 10.21.19 at 9:07 pm

…And the best way to bury a rifle in the backyard.

You need a post hole digger, a length of PVC piping sufficient to contain the rifle length, two end caps WITH gaskets and a desiccant of some sort.

The rifle needs to be cleaned and then greased up…you can use expensive gun stuff but I use Fluid Film. Hose it down good, in and out.

Secure one end cap, place rifle into the tube, add desiccant(use lots), place second end cap.

Dig your holes straight down and as close as possible to foundation walls, a tree or some sort of structure such that side scanning, ground penetrating implements might confuse your stash as being part of said structure.

Lay out bait stashes consisting of PVC pipe stuffed with rebar on your neighbour’s property…similar to how you bury a body, place it deep with a dead dog or moose on top. Most of the time searchers reach the moose and stop there. Just have a plan to lead the search away from your guns and on to somewhere else.

Don’t forget to bury the ammo…sounds like you feel you might need it, Modern Conservative Internet Tuff Guys all around…maybe work on a plan to have your wife take the fall.

#86 the jaguar on 10.21.19 at 9:11 pm

#57 NON PLUSED. Thank you for that wonderful post. Watching the election results. Aso usual Atlantic Canada votes liberal. No surprise, but given their sons and daughters have been coming west to Alberta for many years for employment prospects and wealth it stings. If your sin number starts with a one please stay home. Wait for your pogey cheque from your beloved liberals. Alberta employers, hire sin numbers with six series only.

#87 I'm old enough to remember when ... on 10.21.19 at 9:11 pm

#57 Nonplused on 10.21.19 at 7:40 pm
So the largest “oil spill” there every was, and it is huge, is the roofs and roads and highways of our cities all across North America. Strangely, it doesn’t seem to be causing a lot of long term damage.

the city of Vancouver used to spray oil on all the city lanes every year to keep down the dust. Couldn’t get away with that any more. But they are almost all paved now …

#88 yvr_lurker on 10.21.19 at 9:16 pm

#33 Refuge….

——————

Just chill dude.. just chill. This election is not life or death. If you want to go to Trump_land many of us can help you pack. Bye Bye…

In my view this election is a Meh. I was completely unmotivated to get out into the pouring rain to cast my little vote today, but did it for my kid. None of the candidates are unsavoury characters like Trump. We should be grateful for that. If Liberals get in with a minority, supported by the NDP, I can’t see how the status quo will change much anyway. There will always be extreme pushback from those with political connections and corporate lobbyists to really go after the elites in this country to get them to pay more. Much easier to simply raise the marginals on the ones trying to climb the ladder (like me…). Super easy to go after the ones like me who can’t hide from the payroll taxes…

So Mr. Refuge if you are one of the true elite, don’t worry. The people will never elect the NDP to form the Gov’t and a parternship with the Liberals who are in lock-step with corporate power as well as the Cons, will never allow any real reform to take place….. despite all the rhetoric your stash of $$$ will be safe for the next 5 years…

#89 Arctic Gringo: Qalunaaq on 10.21.19 at 9:16 pm

Coast to coast to coast eh, see-bee-see?

What is it about see-bee-see maps? Canada’s most northerly island group – Queen Elizabeth Islands – are not important enough to be included on their floor map. On behalf of the see-bee-see, sorry to the people of Resolute and Grise Fiord, Nunavut (descendants of the 1950’s High Arctic Relocation) and to the military staff in Alert, Nunavut.

See-bee-see must think those lands and people are Greenlandic? Good job, see-bee-see.

#90 LP on 10.21.19 at 9:22 pm

65 bytor the snow dog

You just feel dirty? I’m surprised you’re not also feeling exhausted what with holding your house too.

#91 MF on 10.21.19 at 9:34 pm

81 TurnerNation on 10.21.19 at 8:41 pm

Lol TurnerNation on hyperdrive tonight.

Like the not so normal dude on the subway making a scene when it’s stuck in a tunnel and he knows no one can go anywhere.

MF

#92 The real Kip on 10.21.19 at 9:45 pm

Oh no! Columbus 4 – Toronto 3, final, in overtime on a penalty shot. Close game and whenever this has happened on Election Day it translates to a minority government. The Leafs may be no good at hockey but they sure can predict an election

#93 IHCTD9 on 10.21.19 at 10:06 pm

#87 I’m old enough to remember when … on 10.21.19 at 9:11 pm

the city of Vancouver used to spray oil on all the city lanes every year to keep down the dust. Couldn’t get away with that any more. But they are almost all paved now …
——

That was probably a certain pulp and paper refuse product, not oil. Although, it looked like oil and smelled worse. It’s been banned for a long time now, but it had been used for over 50 years as a dust suppressor.

#94 TRUMP2020 on 10.21.19 at 10:09 pm

DOES IT REALLY MATTER WHO WE VOTE FOR??

At the end of the day Canadian’s just shut up and do as their told anyhow.

Don’t KID YOURSELF, the SYSTEM is RIGGED by the invisible hand.

#95 BoDiddley on 10.21.19 at 10:19 pm

#94. Thank-you. At least you ‘get it’…

#96 Captain Uppa on 10.21.19 at 10:26 pm

Liberal minority. As predicted.

Scheer has to resign.

#97 Reality is stark on 10.21.19 at 10:27 pm

Canadians will ALWAYS vote for higher taxes and a lower dollar. It is ingrained in their belief system.
They sincerely believe it is the road to prosperity.
Canadians are some of the most deluded people in the world.
The government knows how to spend your money better than you know how to spend your money.

#98 oh bouy on 10.21.19 at 10:27 pm

can’t believe scheer is going to lose this.
with all the liberal scandal should have been an easy win.

#99 Yukon Elvis on 10.21.19 at 10:28 pm

He’s baaack ! Goodbye Andrew. We hardly knew ya.

#100 TC on 10.21.19 at 10:43 pm

Good! Trudeau is weakened to a Minority! We’ll defeat him in a no confidence vote this spring. Just look at how fractured this country is. What a mess! Our family has had enough. Time to get out of London! Putting an offer on a new home AWAY from all this Liberal bias and poison! When will Canadian learn that Liberalism is JUST WRONG!

#101 Gary C on 10.21.19 at 10:48 pm

There go my retained earnings, increase on ineligible dividends, and a weaker dollar.
Just put a sell order in on the last dividend paying Energy stocks I own.
My accountants phone will go nuts tomorrow.

#102 Smoking Man on 10.21.19 at 10:58 pm

I offer my sincere condolences to Canada.
RIP

#103 Cash is King on 10.21.19 at 11:01 pm

Mad Max got waxed. Less than 2% of the vote and lost his riding.

Would the 100,000 or so votes the People’s Party received made a difference?

#104 Big OOF on 10.21.19 at 11:07 pm

People’s Party of Canada candidate Maxime Bernier lost his own seat in Beauce.

That’s gotta hurt.

#105 Tony on 10.21.19 at 11:13 pm

Get ready to figure out who is going to pay for all the crap you voted for without Alberta.

Two votes. One to renegotiate transfer payments. When the rest of Canada gives us the finger the next vote is us gone.

That used to be a radical and fringe idea. Not so right now.

#106 TurnerNation on 10.21.19 at 11:16 pm

Yep on hyderdrive…10 more years of UN rule fast track. Read it & weed. Me I’m just a tax farm slave playing my role. They pretend to pay me, I pretend to work.

FACT in this country democracy died when H fired Gartho. Fact.

416 is a sea of Red. Of course, that shared equity mortgages is all which matters. Just buya the house, uppa up etc etc.
John Mellencamp…little Red houses for you and me?

Dow likely 30,000 by year;s end. Going out with a bang.

#107 Cowtown Cowboy on 10.21.19 at 11:19 pm

This country makes me sick…I mean how stupid do you have to be to vote these idiots back in…thank you Ontario, you’re now the dumbest sob’s in the land…Long live Alberta and au revoir Kanuckistan

#108 Bytor the Snow Dog on 10.21.19 at 11:33 pm

Get ready Canada. The Unholy Alliance is about to begin.

Hang on to your wallets.

Oh, and Millennials…. F U. You own it now.

#109 Nonplused on 10.21.19 at 11:37 pm

#86 the jaguar

You’re welcome. I always appreciate positive comments.

#87 I’m old enough to remember when …

They used to oil the gravel roads in Alberta too, but most of them are paved now. I for one, am not convinced that the lift of asphalt is worse than the dust and potholes that preceded it. Cars go faster, suffer less damage, and get better mileage. And the road does not seem to hurt the ecosystem overly except when a deer strays across at a bad time.

#93 IHCTD9

What product was that? I’m not going to say it was impossible, the pulp industry has lots of nasty things that they look for creative ways of getting rid of including dumping it in your back lane, but most people use oil or water to suppress dust. Or just pave it and be done with it.

PS even though I am very environmentally friendly and have a tile roof (admittedly made with a lot of hydrocarbon inputs for digging and cooking), I also have a 4000 sqft oil spill I call my driveway. There is also a much larger oil spill out front the county or maybe the developer at the county’s behest put in, which I call a road.

—————

Hydrocarbons are our friends, folks, so long as we can keep them out of the water. They don’t mix well there. We use them for tons of stuff. Like, literally everything from charging you iPhone to lubricating the axles on an electric train, to charging Greta’s electric car and fueling the buses the rest of her entourage road in on to manipulate our elections.

#110 Steven Rowlandson on 10.21.19 at 11:48 pm

I didn’t vote. I am innocent. None of the political parties have any credibility with me…. Still these political horse races every 4 years are momentarily entertaining….

#111 Yuus bin Haad on 10.22.19 at 12:01 am

Audits of a few ridings hasn’t uncovered any PPC vote-splits yet. A left-split, however, does seem to have handed Regina-Wascana to the CPC.

OK elves … back to the spreadsheets.

#112 Nonplused on 10.22.19 at 12:07 am

Interesting election results, to say the least. I am surprised the most scandal plagued prime minister in the history of Canada managed to carry so many seats. Maybe scandals don’t matter anymore? Well, Trump is a shoe-in for 2020 then.

I am also shocked, SHOCKED I say, that Obama offered an endorsement. I suppose as a private citizen he should be allowed to say what he wants now, but no news outlet should have covered it. It was election interference from a retired American dude. He would not have been permitted to say such things while he was still acting president, as Trump wisely did not.

Anyway, so where do we go from here? The Liberals have a minority government. But they also have natural allies in the Block and the NDP, which if properly pandered to give them an overwhelming majority. So I think this is incorrect to call it a “minority government”. We should instead call it a “tri-party government”. A little (or a lottle) more pandering to socialism and identity politics and of course kissing Quebec on the butt and Trudeau will be able to go four more years. If he can wear black face and get away with it, he can wear lipstick and pucker up.

This is a disaster. The conservatives managed to move the needle, but not enough. And they did it by making room for the Block and the NDP, who will now have control of Trudeau’s already far left and identity-politics agenda.

What we now have is a government that must lean even more socialist, even more into identity politics, and even more towards Quebec. A liberal majority actually would have been better. God save the Queen, because he/she/it obviously isn’t interested in saving us.

Scheer, thanks for trying, turns out it didn’t work. It turns out things are a lot like sports, if people won’t pass to the forward because they don’t like him all that much the whole team loses. Team Canada lost today because a lot of the players were holding a grudge. Sadness.

#113 Lee on 10.22.19 at 12:08 am

OK Garth, we all really need your advice now. What do we do next? Stay balanced and diversified or put it all in USA etfs?

#114 Deplorable Dude on 10.22.19 at 12:13 am

I’m gonna have to read up on how electoral districts work? I thought they were designed to be a max of 50,000 people. Looking at a snap shot of the election as I post, Libs up by 35 seats, but nationally 200,000 less total votes than the Cons?

#115 SoggyShorts on 10.22.19 at 12:15 am

Conservatives beat Libs in total votes but the Libs almost get a majority anyways…I wonder why Justin didn’t follow through on his promise to reform the FPTP system…

Also, ~40% voter turnout is pretty lame too IMO.

#116 Abguy on 10.22.19 at 12:29 am

Looks like election decided by Quebec Ontario again. Very disappointed in conservatives in southern Ontario. Trudeau was awful leader last year and a half and he’s reelected? Churchill was right: best argument against democracy is five muni the conversation with average voter. Alberta must join USA. To separate will be too difficult. I propose north Montana. It would be easier to annex in than separate.

#117 crowdedelevatorfartz on 10.22.19 at 12:36 am

@ John from Mtl

“The Bloc isnt seperatiste’

Well, I’m sorry to say I suffered through the Bloc Leader’s “victory” speech….
‘Benedict” Blanchet’s speech about the “nation” of Quebec working in the Parliament of Canada ( have your cake and eat it too) for the “equal opportunities” that Quebec deserves ( Alberta may have something to say about that)

His fawning over former seperatiste ‘leaders” ,Gilles “Duception, Lucien ‘Benedict’ Bouchard, etc.,etc., etc. was nauseating.
Just another BLOC “leader” pandering for votes in a minority federal govt.

Gee, I hope Trudeau enjoys sleeping with vipers that are far, far more intelligent than his “selfie” persona……

Millennials should be very very afraid……. unfortunately…they’re too busy getting the newest Tattoo :)

As the Italian version(Dolce Vita) of the Terminator said…..
“Pasta la Vista….bambino”

#118 crowdedelevatorfartz on 10.22.19 at 12:39 am

@#94 Trump 2024
“Don’t KID YOURSELF, the SYSTEM is RIGGED by the invisible hand.”
+++++

Just so long as the hand isnt checking my prostate……….

#119 yvr_lurker on 10.22.19 at 1:04 am

Perhaps it is time to reflect that, after what we witnessed tonight, the majority of the commenters on this blog are
not reflective of the views of most of the people from coast to coast. Who would have known. The prediction of a conservative minority or majority by some was slightly off the mark (sarcastic).
Tomorrow, there is no need to bring out the fact that the Cons got roughly 225,000 more votes than the closest other party. Garth did that when the NDP formed a coalition with the Greens in BC a few years back. More importantly tonight is the regional distribution across the provinces. In other words, even if you have 3 out of 10 buses filled almost exclusively with rabid fans yelling for their team to win, the more moderate people in the other 7 buses will trump you every time.

#120 Former Miltonian on 10.22.19 at 1:09 am

Garth, I remember you well as my MPP when I resided in Milton [I now live in the Centre of the Universe] and always voted for you because I enjoyed the way you were open and honest. You always took the time to answer my emails promptly [the one or two I did send]. When Lisa Raitt challenged you I did not believe that she would beat you especially when she said things like “Garth Turner has been a bad boy and needs a time out” [insert groan here]. But then I saw the massive bilboard sized sign around the corner from me and the money spent on advertising, I realized then your buddy “Stephen” had you in his sites, guns locked and loaded. My wife and I voted for you…. …well we know what happened [insert bigger groan here]. Fast forward to tonight [about 11 years] and doesn’t Lisa Raitt lose to a high profile candidate for the Liberals. I saw Lisa Raitt being interviewed on CBC, although gracious in defeat she could not help but complain about all the money the Liberals had spent to defeat her. This was an MPP for the Cons who was very much front and center [always in the media attacking the PM] in the SNC hearings, a high profile Conservative in the House of Commons.

I guess Justin thought she needed a “time out’.

To add insult to injury I believe her seat was the only one to flip in the GTA from 2015.

One quick question, Was Ms. May sitting at your table trying to convince you to run for the Greens?

#121 not 1st on 10.22.19 at 1:43 am

New topic for Garth, how to get your wealth out of Canada before its destroyed by Marxists. Canada was lost tonight. Mark the date.

#122 SimplyPut7 on 10.22.19 at 1:47 am

So Ottawa and the Greater Toronto Area decided they were lactose intolerant. I didn’t see that coming.

Was it Scheer’s American passport, comparing the marriages of their coworkers, family and friends to dogs or love for big oil or obsession with milk products, I don’t know. I don’t think anyone really liked any of the candidates in Ontario.

No dismantling of the stress test or reduction in taxes for the rich (I don’t think anyone should pay more than half their pay in taxes, even if they’re part of the 1% of Canada).

Will the Liberals have to give in to the NDP’s a wealth tax to pass legislation? Will there finally be a capital gains tax on primary residences in Canada? I don’t know.

I am not worried about the Oil and Gas areas of Canada as the Liberals and NDP will be forced to help them out once they see how many house rich and cash poor real estate investors are in the housing market and the once cash cow for Canada becomes a burden on taxpayers and the Government.

Unless the NDP and Liberals come up with some new ideas quickly, I think we are guaranteed one of the biggest recessions the millennials and younger gen-x will see in their lifetime.

#123 maxx on 10.22.19 at 6:53 am

@ #16

You should know….re-read your first post.

#124 Steven Rowlandson on 10.22.19 at 7:30 am

If PC, deficits and real estate don’t destroy this country it will be the cold embrace of the Eddy minimum mini ice age we are in or the onset of a major glaciation. Canada has a shelf life.

#125 Phylis on 10.22.19 at 7:34 am

#110 Steven Rowlandson on 10.21.19 at 11:48 pm that still sounds like a complaint. You are breaking the rules.

#126 MF on 10.22.19 at 7:35 am

Surprised and disappointed.

The problem was with Scheer. Didn’t resonate in Ontario or Quebec where it mattered.

Made too many missteps along the way.

The cons made gains but it wasn’t enough as a result.

The good is it’s just a minority. Get ready for another election in about 2 years.

121 not 1st on 10.22.19 at 1:43 am
#116 Abguy on 10.22.19 at 12:29 am
#107 Cowtown Cowboy on 10.21.19 at 11:19 pm

Yeah go cry in a corner. You sound like the Democrats who cried it was the end of the world when Trump won.

116 Abguy on 10.22.19 at 12

Yeah I’m in Ontario and my con rep won. Just like the rest of Ontario outside the gta. Are you able to read a map?

7 Reality is stark on 10.21.19 at 10:27

We just had 10 years of con rule under Harper. Everything you have ever posted here is drivel just admit it already.

#127 Another Deckchair on 10.22.19 at 7:42 am

Popular vote: (*)

2015
Libs: 6,943,276
Cons: 5,613,614

2019
Libs: 5,911,879
Cons: 6,153,521

Interesting switch – Conservatives were actually more popular than the Liberals, if I read the numbers right.

(*) sources:
https://en.wikipedia.org/wiki/Elections_in_Canada
https://newsinteractives.cbc.ca/elections/federal/2019/results/

Our first-past-the-post system fails again. – Garth

#128 maxx on 10.22.19 at 7:48 am

#73 IHCTD9 on 10.21.19 at 8:19 pm

“……and pay less tax on all fronts (check your consumption spending…”

Yessir. At most second-hand and charity shops, where you can get a LOT of great and useful stuff, there is zero tax.

Example: Bodum coffee presses start at about $20. Charity shop price, around a buck, and I’ve got 2 new, in box. Add tax, about $3 for a total of $23. Subtract the buck you paid and then gross up that $22 saving by your marginal rate. That’s what you saved, on one single purchase. Magic, and best of all, NO TAX!

We still live in a country where it is crazy easy to save a ton of cash, but most prefer to shackle themselves to debt and borrow to oblivion.

This is most definitely a time for people to get to know the tax system and legally take advantage of the tools out there to build and retain wealth.

But far too many won’t. The deer in the headlights phenomenon is alive and well – just mention the TFSA or tax splitting in casual conversation.

#129 Phylis on 10.22.19 at 7:53 am

Oh, and a shout out for all to listen to Garth’s weekly Tues call. I bet it will be chocked full of goodness as well as your next post.

#130 jack on 10.22.19 at 8:07 am

Well, it’s a dipper and liberal coalition IMO. Their platforms have been converging for the past 10-20 years – neither can get enough taxes, immigration, or environmental protection. God help us all.

#131 crowdedelevatorfartz on 10.22.19 at 8:07 am

Its a shame Lisa Raitt lost her seat.
The only Conservative that stood up in Parliament day after day hammering the Libs on their bs…

More deficit spending for pink T-shirts I suppose…..
Spend today so we can tax the Millennials tomorrow.

#132 Taternuts on 10.22.19 at 8:12 am

Maybe the Conservatives will learn from this defeat and come back with a leader and policies that more of Canada will find palatable next time.

Stop bowing to the evangelicals, shut up about abortion, make some cursory nod to the idea that pollution is long-run a bad idea and that an economy needs to be built on more than extracting finite resources from the ground.

It’s not hard, but they just don’t seem to be able to do it.

And for everybody whinging about the lack of good candidates or the conservatives inability to connect with voters, zip it. You could have run. But you didn’t. You could have canvassed, but you didn’t. You could have phone banked, but you didn’t. You got the political outcome that matched your level of effort.

#133 Louis on 10.22.19 at 8:17 am

As a french, right wing, Quebec guy that doesn’t toward separation. I’m sad of the results.

I blame the conservative establishment for pushing Scheer before Bernier.
– Scheer won because of the milk cartel and a general ‘can’t vote for a wuebecer’ feeling in the west
– Bernier went on tilt and took the alt right path
– Scheer proved to be a very weak leader

Scheer must go, the right must united and we must find a leader that can appeal to both the west and the east…. we had one before in Bernier, but he’s now damaged good with all this mess.

#134 Trojan House on 10.22.19 at 8:30 am

I feel sorry for my kids and their kids and their kids…Give up the future for immediate gratification.

The first chance I get to leave this country, I’m gone.

#135 maxx on 10.22.19 at 8:33 am

@ #108

I’m trying to imagine Mills coming up to or at retirement, what with the mountainous debt being piled on by our, ahem, leaders. Let alone most will have little to zero savings.

The cupboard will be bare, unless a major rabbit is pulled out of the national ar$e.

#136 Dharma Bum on 10.22.19 at 8:46 am

Such a sad day.
Fact is, not that much will change in this country.
If you’re rich, you’ll stay rich. Or rich enough.
If you’re poor, you’ll stay poor, notwithstanding the meagre handouts coming your way. Pffffft.
The biggest disappointment is knowing that we’ll have to see that smarmy, entitled, phony, stupid sock wearing, costume dressing, smirking, lying, gender pandering, smug, blackface wearing, ridiculous empty suit goof in the news everyday.
So obnoxious.
What a waste of the country’s time.
Oh well…bring on the increased OAS payments.

#137 Tater on 10.22.19 at 8:52 am

#127 Another Deckchair on 10.22.19 at 7:42 am
Popular vote: (*)

2015
Libs: 6,943,276
Cons: 5,613,614

2019
Libs: 5,911,879
Cons: 6,153,521

Interesting switch – Conservatives were actually more popular than the Liberals, if I read the numbers right.

(*) sources:
https://en.wikipedia.org/wiki/Elections_in_Canada
https://newsinteractives.cbc.ca/elections/federal/2019/results/

Our first-past-the-post system fails again. – Garth
——————————————————–

Did it? The majority of Canadians voted for left leaning parties, with a total popular vote of 55% between the Liberals, Greens and NDP. And now Canada will be governed by a left leaning minority.

If we had proportional representation, the outcome would likely be the same.

#138 Armpit on 10.22.19 at 8:52 am

Good Morning Canada!!!

It’s Raining here in South Rural Ontario

How appropriate…. Hopefully no floods.

Remember….tomorrow is another day.

Perhaps, it will be Sunny.

#139 Dharma Bum on 10.22.19 at 8:53 am

#116 Abguy

I propose north Montana. It would be easier to annex in than separate.
——————————————————————–

“I might be movin’ to Montana soon…just to raise me up a crop of dental floss!” – Frank Zappa

https://www.youtube.com/watch?v=smZA9Jv3qH0

#140 Canadians on 10.22.19 at 8:53 am

Trudeau again ?

Hahahahahaha

Sex change operations paid for and an emphasis on gender identity ?

Have fun !! Rip

#141 milly on 10.22.19 at 8:54 am

I wonder if our conservative party has lost their way since merging with the reform party. They don’t seem to be the conservatives people remember, just look at DOFO and the wasteful disaster that is. Too many religious extremists as MPS that only care about LGTBQ and abortion. They need a clean sweep and a readjustment to realize socially liberal, fiscally conservative is the way forward. How did they even let this happen to their own party?

#142 Canada core retail number on 10.22.19 at 8:59 am

Missed by a country mile !!

Trudeau please send me a cheque !

This country has become a joke. My two kids who are enrolled in post -secondary get a govt cheque …why ? WHY is our govt giving our boys a small chewy paid quarterly. Beyond incompetent . Our family yearly is over $300,000

Incompetence

#143 Remembrancer on 10.22.19 at 9:06 am

#122 SimplyPut7 on 10.22.19 at 1:47 am
So Ottawa and the Greater Toronto Area decided they were lactose intolerant. I didn’t see that coming.
———————————————————-
Until, if and when, the current Conservative Party can build out past the vocal coalition of humorless reform protest voters and small minded, tending to medieval social viewpoints (that are more of a diverse multi-cultural group actually than some think) and present an alternative adult platform of progressive affordability and fiscal sanity coupled with an eye to the future (ie when did sustainability and living within your means, including sustaining your land, stop being a conservative thing) not just the tut-tutting of a small town sewing circle cackling about Justin and those Lefty Libs, this is what we all get…

There will likely be another kick at the can in 2021 or so and we all need to demand a better election than this clown show. We all need leadership that leads – time to start building what you’re for, not brooding on what you’re against…

#NationalInfrastructure #BuildingInternationalMarkets&Trade
#B-21isBS
#STEM&TradesPromotion #EnergyPolicy4Today&Tomorrow #AffordableCompassion&InternationalAid
#SustainableHealthCare
#Don’tBeCrappingWhereYouEat

#144 IHCTD9 on 10.22.19 at 9:11 am

#109 Nonplused on 10.21.19 at 11:37 pm

#93 IHCTD9

What product was that?
___

IIRC, the product was called Dombind. A coke/pepsi coloured liquid left over from paper production. It smelled real bad, painted your car brown when you drove over freshly applied liquid, and made it near impossible to have a pleasant walk down the side of a country road for at least a week after application.

I don’t miss the stuff.

#145 Sail Away on 10.22.19 at 9:16 am

#113 Lee on 10.22.19 at 12:08 am

OK Garth, we all really need your advice now. What do we do next? Stay balanced and diversified or put it all in USA etfs?

——————————-

Garth would definitely counsel liquidating all your assets, buying physical gold, and burying it in your backyard. See Ustabe’s post from yesterday for burial strategies.

#146 John on 10.22.19 at 9:20 am

100 TC on 10.21.19 at 10:43 pm
Good! Trudeau is weakened to a Minority! We’ll defeat him in a no confidence vote this spring. Just look at how fractured this country is. What a mess! Our family has had enough. Time to get out of London! Putting an offer on a new home AWAY from all this Liberal bias and poison! When will Canadian learn that Liberalism is JUST WRONG!
————————————————-
Do you really want to waste more taxpayers dollars on another election? That would be a worse outcome.

#147 leebow on 10.22.19 at 9:29 am

On the grand scheme of things, everything is ok. There is less difference between Conservatives and Liberals than there is between Biden and Warren.

Both Liberals and NDP lost seats and popular support. So may be the results can’t be explained only by Trudeau’s personal fails. Liberals will have to be careful with their alliances.

#148 Barb on 10.22.19 at 9:41 am

Mr. Trudeau must learn what HUMILITY means.
Doubt he even knows how to spell it.

#149 earthbounfmisfit on 10.22.19 at 9:43 am

For consideration, I submit two positive takeaways from last night’s disappointing result.

The TMX does not require a vote in the House and I believe the Libs/Cons will see it through. Jughead will cave to get pharmacare.

Closer and much needed scrutiny of the PMO. Thank goodness for that.

#150 Deplorable Dude on 10.22.19 at 9:46 am

Maybe Trump can buy Alberta…..lol.

Canada is now where the US was in 2012. We haven’t hit rock bottom yet…but another 4 years will do it.

#151 PastThePeak on 10.22.19 at 10:19 am

What can we decisively say about Canadian voters (based on votes, not words):
– They do not care about corruption or political interference
– They do not care about a leader who admitted to unwanted sexual advances
– They do not care about a leader wearing blackface
– They do not care about a self-styled strong feminist who throws out women the moment they stand up to him

Canadians absolutely have the government they deserve…

#152 Wait There on 10.22.19 at 10:26 am

#149

By that time the serious issues and the added debt will be staggering.

Add to that the near certainty that within the next 4 years we will have a recession. Let’s see how Canadians will deal with that when the GIMMEE GIMMEE world comes to an end.

#153 The real Kip on 10.22.19 at 10:27 am

Jagmeet will walk into Justin’s office and say you will push the NDP agenda in exchange for our support and Justin will say, OK.

Jagmeet will be the kingmaker and won’t want to see this government fall. I think this government will last more than two years.

#154 Linda on 10.22.19 at 10:27 am

#40 ‘Remembrancer’ – yes, the price of oil has remained lower than expected & yes, the Alberta governments woes would quickly disappear in the rear view mirror if the price of oil shot up to $100+ per barrel & stayed there for a year or three. However, my take on the UCP being elected (the PC name having been tainted by their loss to the NDP) was that many Alberta voters had the belief that all that need occur to restore the boom was the restoration of the former ruling party under their rebranded name. Since, surprise, all the woes of the recession were blamed on the NDP.

Election results gave us the predicted Liberal minority. Jagmeet confirmed in his speech that his party has agreed to support the Liberals – apparently he & Justin spoke prior to his addressing the party faithful. I also note that the Bloc leader confirmed that the Bloc would NEVER agree to having a pipeline built in Quebec in his victory speech. No real surprise there, but I was somewhat surprised to see that even with Bloc support the Cons would not be able to form a government. The numbers simply are not there, despite being the popular vote party. The less than 300,000 votes that went to the PPC might have made a difference but this presumes the voters involved would all have voted Con as their second choice. Depending on which riding the votes were cast in, might not have made the slightest difference overall, especially if the majority of those PPC votes were cast in ridings that won a Con seat.

#155 IHCTD9 on 10.22.19 at 10:29 am

Well T2 did better than I thought he would, the bloc too.

I don’t look at these results as though the various parties set the table with what they think is a healthy meal, rather, they set the table with what they thought might best get them elected.

I think the parties do good research into these things, and that the buffet they assemble accurately reflects what the Citizenry wants. This is why Scheer looks like a Liberal, Trudeau like an NDP, and Jagmeet looks partially insane. Canadians are veering left, and so are the parties in order to get themselves elected.

I’m still trying to decide if these sentiments will be the new normal or not, I’ll have to make a decision soon.

Well, I’m going to keep inhibiting the bacon production at the Ottawa barn, and poking holes in the feed trough. I encourage all dogs to do the same – I’m thinking you’ll be glad you did.

If you’re young enough to be on the hook for T2’s eventual near 200 Billion in new debt, you’d better get your azz in gear. Remember, only about 60% of Canadians have a job, and nearly 4 million of these work for government. Now figure in that 40% of the 60% who actually work – pay zero net taxes.

About 12-13 million private sector workers in Canada are expected to cover EVERYTHING. This is impossible of course, which is why we’re piling on the debt.

If you are one, start planning before you’re hanging upside down in a tree bleeding into a pail.

#156 Shawn on 10.22.19 at 10:31 am

The Sum of All Fear is exactly what we will get. This is why it is of utmost importance not to choose investments based on policy & tax incentives (i.e. preferred shares, Canadian equities over US equities for a higher dividend tax credit, etc.). These things change on a whim. The investor is then left with the decision to stay the course and be worse off or take capital gains, pay excess tax and alter one’s allocation accordingly when the incentive is no longer present.

Au contraire, Canadian tax policy has not changed ‘on a whim.’ Investing out of fear of unknown policy is a failing strategy. – Garth

#157 Not So New guy on 10.22.19 at 10:31 am

So Mitt Romney has his secret twitter account exposed. He admits to being Pierre Delecto.

I assume Garth must have one too. Maybe some folks can offer up a guess.

Maybe….. @scruffy six-pack tummyrubber?

#158 Dups on 10.22.19 at 10:34 am

The Scheer needs to go, a lot of people i talked to, liked the Cons platform but not the leader. If we had Peter MacKay as the Conservative leader the country would have been united and painted blue this morning.

#159 BD Young on 10.22.19 at 10:37 am

Well said, sir. My morning routine of coffee and the Greater Fool is my favourite thing to do. I don’t worry about you stopping because you do this as you continue to work a day job. When you retire, you’ll write even more. And if you need help in retirement, I’ll be the first to mail you $5, and will be followed by thousands of others. What will you do with all the new-found wealth! If you need advice, just read your archives.

#160 M.T. on 10.22.19 at 10:41 am

***Stop bowing to the evangelicals, shut up about abortion

The CPC literally couldn’t have said less about abortion. You realize all these issues are interrelated, right, like your country can’t have a future when millions of its future citizens are aborted? That part of the reason we “need” so many new Canadians, driving up the housing prices, is because of all the potential Canadians that got aborted? Good grief, the people who think these issues are “irrelevant”.

#161 Bytor the Snow Dog on 10.22.19 at 10:59 am

#141 milly on 10.22.19 at 8:54 am sez:

I wonder if our conservative party has lost their way since merging with the reform party. They don’t seem to be the conservatives people remember, just look at DOFO and the wasteful disaster that is. Too many religious extremists as MPS that only care about LGTBQ and abortion. They need a clean sweep and a readjustment to realize socially liberal, fiscally conservative is the way forward. How did they even let this happen to their own party?”
———————————————————————
Fiscally conservative and socially LIBERTARIAN….aka we don’t care what gender you (think) you are, we don’t care what your sexual orientation is, but we aren’t funding it.

Then there’s a climate change fiasco. There’s way too many indoctrinated fools in this country.

#162 Remembrancer on 10.22.19 at 11:03 am

#153 Linda on 10.22.19 at 10:27 am
I also note that the Bloc leader confirmed that the Bloc would NEVER agree to having a pipeline built in Quebec in his victory speech. No real surprise there…
———————————————————–
Good thing then the Bloc MPs’ votes aren’t needed… Before they get all high and mighty in Quebec concerning a pipeline, at the end of the day they still don’t seem to mind having a few refineries kicking around so maybe there’s a chance another day…

Maybe the next time there will be a real conversation rather than hysterics and distractions while pandering to extreme left and right clowns… One can only hope…

#163 Tater on 10.22.19 at 11:04 am

#159 M.T. on 10.22.19 at 10:41 am
***Stop bowing to the evangelicals, shut up about abortion

The CPC literally couldn’t have said less about abortion. You realize all these issues are interrelated, right, like your country can’t have a future when millions of its future citizens are aborted? That part of the reason we “need” so many new Canadians, driving up the housing prices, is because of all the potential Canadians that got aborted? Good grief, the people who think these issues are “irrelevant”.
—————————————————-

100k abortions a year, had by people who don’t want a child or where the fetus is not viable, has virtually no impact on a population of 35 million people.

The Cons had 20% of their candidates listed as supportable by the Campaign Life Coalition. They said plenty.

#164 Sold Out on 10.22.19 at 11:10 am

#159 Empty

The 94,030 abortions performed in Canada, in 2017, represent than 33% of the immigrants who come here. Even if abortion were illegal, we wouldn’t be replacing ourselves anytime soon. We would, however, have 94,030 more babies born to people who: didn’t want a baby, couldn’t afford a baby, or who shouldn’t be allowed near babies and know it. Progressives for the win.

#165 Shawn Allen on 10.22.19 at 11:16 am

Private Sector covers everything?

IHCDT 9 at 154 claimed:

About 12-13 million private sector workers in Canada are expected to cover EVERYTHING. This is impossible of course, which is why we’re piling on the debt.

**********************************
You write a lot of very smart things. But you are completely wrong on this.

In real terms the private workers produce real and valuable goods and services. Government workers also produce real and valuable services and in a few cases products. (Police and courts giving law and order and the ability to walk around in safety and to expect contracts to be enforced, health care, education, fire services, roads, border security and so much more, economic rules that allow the economy to function).

Money is merely an intangible way that we keep track of who is entitled to what share of all the valuable goods and services produced.

In substance, the private sector gives up a good chunk of the goods ans services it produces in return for the services provided by government.

Your view expressed above is wrong and an insult to every government worker.

Whether we have too much debt and whether government workers are over-paid are separate issues. Also your point about those who pay no net-taxes is valid.

But the notion that the private sector produces everything, although a popular idea, is laughable to any educated economist.

#166 Shawn on 10.22.19 at 11:17 am

Tax policy on investments absolutely does change “on a whim”. Remember income trusts? Building a portfolio based on policy incentives is a failed strategy. Over complicating a portfolio in this way is a failed strategy. End of story.

#167 AB Boxster on 10.22.19 at 11:18 am

Well, Well, well.

What an election, eh?

The country has voted to keep the most corrupt Prime Minister in the history of Canada, because he calls himself progressive, and a feminist and will give the millennials a whole bunch of handouts.

Despite his not having a single original thought in his head. Despite his desire to kill the economies of at least three of the provinces in the country.
Despite his massive level of corruption and incompetence.

Alberta has been in recession for 5 years, not because of the world price of oil, but because the concerted effort of the federal liberals (and NDP and Greens) to kill access to world markets through cancellation of pipelines.

Canadians, through this election, have said the really don’t give a flying F about these provinces.
Its ok.
We get it.

Canadians voted to kill thousands of well paying jobs, to kill an industry that has been the powerhouse of this country, all to address the 1.5% amount on C02 that this country contributes to the world.

The progressives have decided to kill an industry that has the most stringent environmental policies in the world, all the while continuing to import oil from some of the most polluting, socially backward countries.
This is what passes for for sound economic policy in Canada today.

The electorate has spoken.
But , as they say, you can’t fix stupid.

I kind of hoped that the Canadian people might come to its collective senses and to see what damage the blackface fool and his party has done to Canada.
But T2 really does not care about Canada, or at least the Canada that I knew.

Personally, I am not much impacted by his province killing policies, as my best before date is well past.
It will be up to the people most impacted, in Alberta and Saskatchewan, to decide what to do now.

However, today for me, Canada is dead.
In my opinion, Canada is a failed nation, ruled by clueless simpletons who pander to a new generation of entitled.

All I need to care about is how to invest to make sure that I can protect me and mine.
When the energy industry is killed by the progressives, I expect Canada will be in a world of hurt, and it will be best to move all investments out of Canada.

Maybe you can do some blogs on how best to do that Garth.

I will certainly personally and financially support a provincial or regional western separatist movement,.

Frankly I wish them the best of luck.

#168 not 1st on 10.22.19 at 11:19 am

Math is hard for lefties. Trudeau made $25B in spending commitments in August before the writ. his uncoated platform will cost another $90b and seeing he ran the original promised debt up by 3 times might as well make that $250B and now add in whatever it takes to keep NDP happy and the result, Canada is fd.

And how will we even begin to service this debt with our resources shut down. Watch investment flee. You should be out of the tsx completely and 100% MAGA.

#169 Not So New guy on 10.22.19 at 11:21 am

With the way all of the parties lost and none of them stood out, I have to think that this is the Canadian voter’s way of selecting ‘none of the above’ on a ballot that did not offer that option

#170 Sail Away on 10.22.19 at 11:24 am

#112 Nonplused on 10.22.19 at 12:07 am

Interesting election results, to say the least. I am surprised the most scandal plagued prime minister in the history of Canada managed to carry so many seats. Maybe scandals don’t matter anymore?

————————————-

The scandals were pretty thin soup. It’s not like any of them are bad people to be honest although politics always paints the opposition as evil.

#171 yvr_lurker on 10.22.19 at 11:25 am

The problem was that Scheer was essentially shut out in Quebec. I grew up in Montreal. I don’t see how he could ever resonate with many people in Quebec when his command of the French language is at the same level as the cabin crew (or the canned recordings) of most WestJet flights.

#172 Bezengy on 10.22.19 at 11:32 am

Bill’s back! I seen him on BNN today (sorry Garth I only follow 90% of your advice) declaring his government’s approach will be fiscal responsibility. Too late Bill, the barn door was left open…about 40 days ago.

#173 not 1st on 10.22.19 at 11:33 am

#126 MF on 10.22.19 at 7:35 am now that’s a low information voter if there ever was one. Canada is on the same track as Venezuela.

But AB and Sk can still save itself and let the commies ride it down.

#174 James on 10.22.19 at 11:43 am

#136 Dharma Bum on 10.22.19 at 8:46 am

Such a sad day.
Fact is, not that much will change in this country.
If you’re rich, you’ll stay rich. Or rich enough.
If you’re poor, you’ll stay poor, notwithstanding the meagre handouts coming your way. Pffffft.
The biggest disappointment is knowing that we’ll have to see that smarmy, entitled, phony, stupid sock wearing, costume dressing, smirking, lying, gender pandering, smug, blackface wearing, ridiculous empty suit goof in the news everyday.
So obnoxious.
What a waste of the country’s time.
Oh well…bring on the increased OAS payments.
__________________________________________
You are 100% correct on your statements however you what is absent is the fact that T2 has now fractured this country to the point of breaking. His lying, larks, and his disingenuous actions towards the tax payers of this country have hardened their beliefs and left them with no choice but to split it up. The west may very well move on without the turbid stupidity of the east as a heavy anchor on their boat. If they go this nation is toast. It is simply stepping stone now for Quebec to jump ship as they always have wanted to. Trudeau will now complete what his slimy father did to the country and that is its far-reaching obliteration. Now T2 has to jump into the crib with the NDP and or the Bloc to keep his prominence as leader. To Trudeau his title is the most important article on his list. His stature as a leader and not the interests of the people of this country are more important to him. He is not long the shining star that he was in 2015 though. Now we have seen his dark side and he is really a piece of $hit. Ontario and for that matter the GTA is as dumb as a stump and they will get raped when he needs cash to pay for all those shinny things he threw in their marijuana infused faces.

#175 Damifino on 10.22.19 at 11:43 am

Best takeaway of the evening:

We probably won’t be hearing too much more from the
condescending schoolmarm chanting “1.5 degrees!”

That really needed a rest.

#176 James on 10.22.19 at 11:49 am

#157 Dups on 10.22.19 at 10:34 am

The Scheer needs to go, a lot of people i talked to, liked the Cons platform but not the leader. If we had Peter MacKay as the Conservative leader the country would have been united and painted blue this morning.
_________________________________________
I have seen him on many occasions he resides near me and he looks ready for a fight. He would have smoked Trudeau right out the door.

#177 IHCTD9 on 10.22.19 at 11:52 am

#128 maxx on 10.22.19 at 7:48 am

We still live in a country where it is crazy easy to save a ton of cash, but most prefer to shackle themselves to debt and borrow to oblivion.

This is most definitely a time for people to get to know the tax system and legally take advantage of the tools out there to build and retain wealth.
_____

You got that right – once you start looking at your options – especially on the consumption front – it’s a bonanza of opportunities to avoid taxes.

I like to buy “like new but used” off Kijiji. I buy fuel and building materials off the local Rez whenever I can. The FNR’s are really great, and worth a good look.

If something needs doing – it’s usually me doing it myself. A few years back, I built a big deck that would have been about a 14,000.00 bill – labour incl. I built it myself, and all the wood came off the Rez. The entire job was 100% tax free :D (I skipped the permits too). This spring I shingled my roof for under 2K, I estimate the cost to have had it done professionally to be somewhere around 10K (+ tax).

I do some things deplorable style too, like passing on permits and ignoring bylaws and such – if I feel I can handle the job/issue (and I almost always do), or the rules are stupid and unenforceable – I’ll pass on the myriad costs and headaches of inspection. If it’s not worth enforcing, don’t expect me to take it seriously.

I also stuff money into tax shelters, exploit every credit and deduction possible (5 figure tax returns last couple years). More recently I am eliminating my heating bill via a home built updraft gasifier and wood fuel, and exploring the option of making my own beer via those recent “kits” that are now available so I can stop paying almost 17.00 for 6 500 ml cans of Stella Artois.

Barge loads of options, Canadian kids need these skills in their tool boxes. I’ll be retired when T2’s chickens come home to roost.

#178 Stable Genius & I have unmatched wisdom on 10.22.19 at 11:53 am

Well for all the non-surprise in these election results there were some big ones. Some that weren’t re-elected and some who got just what they deserved, right Max? Still with all of those star candidates the I got to pee party (it was something like that I think) you’d have thought a couple of bigots would have gotten in. Then there’s the right horrible prime minister who somehow thinks that barely holding on is a mandate to carry on with stupid statements and policies. Scheer is hard at work trying to convince people that coming second is winning while he figures out how to claim that really he meant the one with the second most seats gets to form government. This election proved that parliament needs a major enema, like put the hose in, turn on the liquid and let it run for a couple of months. Problem is nobody worthwhile wants to go anywhere near the manurefest politics has become.

#179 Yukon Elvis on 10.22.19 at 11:54 am

Our first-past-the-post system fails again. – Garth
……………….

Thank you for acknowledging. It helps.

#180 NorthOf49 on 10.22.19 at 11:59 am

#173 James on 10.22.19 at 11:43 am

…………………………………………………….

Calling the PM “a piece of $hit”? Wow, some bitter jerks on the blog this morning apparently.

#181 Marcus on 10.22.19 at 12:09 pm

DELETED

#182 Tater on 10.22.19 at 12:17 pm

#176 IHCTD9 on 10.22.19 at 11:52 am

I like to buy “like new but used” off Kijiji. I buy fuel and building materials off the local Rez whenever I can. The FNR’s are really great, and worth a good look.

If something needs doing – it’s usually me doing it myself. A few years back, I built a big deck that would have been about a 14,000.00 bill – labour incl. I built it myself, and all the wood came off the Rez. The entire job was 100% tax free :D (I skipped the permits too). This spring I shingled my roof for under 2K, I estimate the cost to have had it done professionally to be somewhere around 10K (+ tax).

I do some things deplorable style too, like passing on permits and ignoring bylaws and such – if I feel I can handle the job/issue (and I almost always do), or the rules are stupid and unenforceable – I’ll pass on the myriad costs and headaches of inspection. If it’s not worth enforcing, don’t expect me to take it seriously.
———————————————————

Parasites gotta parasite. I want my free gubment money, but will pick and choose which laws I’ll follow. Nothing worse than the hypocrisy of wanting the benefits of society and shirking the costs.

And you’re raising children too. Embarrassing.

#183 not 1st on 10.22.19 at 12:27 pm

Our first-past-the-post system fails again. – Garth
—-

Better question, why does Atlantic Canada with half the pop of AB have the same number seats. This is messed up.

#184 Drill Baby Drill on 10.22.19 at 12:35 pm

I am retiring very soon and I am worried for the future of my kids living anywhere in western Canada. Canada does not work as a confederation it is time to divorce.

#185 oh bouy on 10.22.19 at 12:38 pm

@#178 Yukon Elvis on 10.22.19 at 11:54 am
Our first-past-the-post system fails again. – Garth
……………….

Thank you for acknowledging. It helps.

___________________________

sadly it was opposed by the conservatives

https://www.theglobeandmail.com/news/politics/conservatives-vow-to-block-electoral-reform-without-referendum/article27968324/

#186 IHCTD9 on 10.22.19 at 12:39 pm

#164 Shawn Allen on 10.22.19 at 11:16 am
Private Sector covers everything?

IHCDT 9 at 154 claimed:

About 12-13 million private sector workers in Canada are expected to cover EVERYTHING. This is impossible of course, which is why we’re piling on the debt.

_____

My comment was not really about the “value” that the public service supplies. Obviously there are some things that the government is much more able to provide than the private sector, and you rattled off most of them: transportation infrastructure, Justice system, law enforcement, national defense, etc… I agree that there are a collection of “products” needed for business to happen, and that many of these are best supplied by a Federal entity with coast to coast power, and the ability to finance Billions over decades.

BUT – these valuable services are none the less paid for by the taxpayer. This is true of all decidedly less valuable services as well. Unless I’m missing something, the vast majority of the funds which enable a government to run; are tax dollars which originate from private enterprise.

#187 Deplorable Dude on 10.22.19 at 12:50 pm

Well on the plus side Canada has its first black Prime Minister…..

#188 Nova Scotia on 10.22.19 at 12:54 pm

Alberta separation?

#182 Drill Baby Drill on 10.22.19 at 12:35 pm said:

I am retiring very soon and I am worried for the future of my kids living anywhere in western Canada. Canada does not work as a confederation it is time to divorce.

*********************
Drat, I knew that I, along with the other original provinces, should never have allowed Alberta to be carved out of our North West Territories to become a province in 1905! At first we wisely withheld mineral rights but then we gave those to Alberta as well by 1930. Now they seem ungrateful.

By the way, there was no exit clause in that deal.

#189 NoName on 10.22.19 at 12:59 pm

Funny thing how crazyfox didn’t chime in to tell us all is good now, fear no weather any more.

#190 James on 10.22.19 at 1:00 pm

#179 NorthOf49 on 10.22.19 at 11:59 am

#173 James on 10.22.19 at 11:43 am

…………………………………………………….

Calling the PM “a piece of $hit”? Wow, some bitter jerks on the blog this morning apparently.
____________________________________________
No not bitter I have always commented on this blog that he is either a piece of dog excrement or a piece of $hit. Read more often and pay attention! So a nothing burger on your part. Needless to say the country has elected a admitted scheming liar (SNC), an admitted racist (Blackface), womanizer (chasing skirts as a young man) and fake Feminist (JWR) so at the very least calling him that piece of poop is better than labeling him with the rest of his monikers. Who knows what the next year will bring up about Mr Socks? Besides he is a lame duck now.

#191 Shawn Allen on 10.22.19 at 1:02 pm

Who pays for government

IHCDT9

BUT – these valuable [government] services are none the less paid for by the taxpayer. This is true of all decidedly less valuable services as well. Unless I’m missing something, the vast majority of the funds which enable a government to run; are tax dollars which originate from private enterprise.

****************************
Thank you for the respectful response. You are missing that money is just an intangible. In substance, private workers trade some of their output for government services and vice versa.

We could charge more user fees for government services and privatize more (health care, education for sure) but that is not what is deemed ideal and is not feasible in all cases.

Paper dollars are an intangible claim on the actual real goods and services. It’s unfair (and wrong) to suggest that government workers live off the back of the private sector. In fact, perhaps it amounts to discriminatory hate speech to be taken up by the human rights tribunals (just kidding – sort of)

#192 SS in MTL on 10.22.19 at 1:03 pm

No disrespect to your analyst but the BQ’s surge was not about separatism, but just a convenient protest vote.

Trudeau and Scheer ran horrible campaigns, white Quebecers are scared of women wearing hidjabs – might as well play off of that and get more goodies from Ottawa. As a proud Canadian living in QC I’m more worried about SK+AB. All 10 provinces and 3 territories need to feel like they have a say.

#193 Sail Away on 10.22.19 at 1:07 pm

#181 Tater on 10.22.19 at 12:17 pm
#176 IHCTD9 on 10.22.19 at 11:52 am

I like to buy “like new but used” off Kijiji. I buy fuel and building materials off the local Rez whenever I can. The FNR’s are really great, and worth a good look.

If something needs doing – it’s usually me doing it myself. A few years back, I built a big deck that would have been about a 14,000.00 bill – labour incl. I built it myself, and all the wood came off the Rez. The entire job was 100% tax free :D (I skipped the permits too). This spring I shingled my roof for under 2K, I estimate the cost to have had it done professionally to be somewhere around 10K (+ tax).

I do some things deplorable style too, like passing on permits and ignoring bylaws and such – if I feel I can handle the job/issue (and I almost always do), or the rules are stupid and unenforceable – I’ll pass on the myriad costs and headaches of inspection. If it’s not worth enforcing, don’t expect me to take it seriously.
———————————————————

Parasites gotta parasite. I want my free gubment money, but will pick and choose which laws I’ll follow. Nothing worse than the hypocrisy of wanting the benefits of society and shirking the costs.

And you’re raising children too. Embarrassing.

—————————

I’m with IH. He’s a productive citizen choosing where to use his own money. No parasite in sight. You have a lot of vitriol, Tater.

#194 James on 10.22.19 at 1:07 pm

#166 AB Boxster on 10.22.19 at 11:18 am

Well, Well, well.

What an election, eh?
The country has voted to keep the most corrupt Prime Minister in the history of Canada, because he calls himself progressive, and a feminist and will give the millennials a whole bunch of handouts.
Despite his not having a single original thought in his head. Despite his desire to kill the economies of at least three of the provinces in the country.
Despite his massive level of corruption and incompetence.
Alberta has been in recession for 5 years, not because of the world price of oil, but because the concerted effort of the federal liberals (and NDP and Greens) to kill access to world markets through cancellation of pipelines.
Canadians, through this election, have said the really don’t give a flying F about these provinces.
Its ok.
We get it.
Canadians voted to kill thousands of well paying jobs, to kill an industry that has been the powerhouse of this country, all to address the 1.5% amount on C02 that this country contributes to the world.
The progressives have decided to kill an industry that has the most stringent environmental policies in the world, all the while continuing to import oil from some of the most polluting, socially backward countries.
This is what passes for for sound economic policy in Canada today.
The electorate has spoken.
But , as they say, you can’t fix stupid.
I kind of hoped that the Canadian people might come to its collective senses and to see what damage the blackface fool and his party has done to Canada.
But T2 really does not care about Canada, or at least the Canada that I knew.
Personally, I am not much impacted by his province killing policies, as my best before date is well past.
It will be up to the people most impacted, in Alberta and Saskatchewan, to decide what to do now.
However, today for me, Canada is dead.
In my opinion, Canada is a failed nation, ruled by clueless simpletons who pander to a new generation of entitled.
All I need to care about is how to invest to make sure that I can protect me and mine.
When the energy industry is killed by the progressives, I expect Canada will be in a world of hurt, and it will be best to move all investments out of Canada.
Maybe you can do some blogs on how best to do that Garth.
I will certainly personally and financially support a provincial or regional western separatist movement,.
Frankly I wish them the best of luck.
_______________________________________
Amen to that.
I live in the land of Stupid here in Toronto and have to ask everyone around me how are we going to pay for this or that! All I get is a dumb look and then they answer “well at least hes not Doug Ford or Scheer”.

lmao

#195 IHCTD9 on 10.22.19 at 1:25 pm

#180 Tater on 10.22.19 at 12:17 pm

Parasites gotta parasite. I want my free gubment money, but will pick and choose which laws I’ll follow. Nothing worse than the hypocrisy of wanting the benefits of society and shirking the costs.

And you’re raising children too. Embarrassing.
_____________

Hi Tater, I see you’re back and in a grumpy mood again.

Yep you’re right, last time I had a yard sale – I didn’t bother getting a permit. I just went head and sold my junk, and stuffed the cash in my pocket.

Also (and much worse), I recently burned some scrap wood in a barrel – without a fire permit. Even though I cooked a couple dogs over the flames (which miraculously eliminates the need for a permit), I know deep down, I was more interested in getting rid of the old wood than eating the hot dogs.

Here is the worst one of all Tater, and I relate this with a heavy heart: You know that deck I mentioned earlier where I paid zero tax building it? Well, I didn’t mention that there was an old deck there first that I had to remove.

I tore it down…

…without getting a demolition permit.

I know your eyeballs must be bouncing down the hallway right now at my utter contempt for the rule of Law.

Yep couple kids, high honours every year. Top final average in class multiple times between them.

Eldest just did an aptitude test for his career choice as part of the application process – scored ABOVE the 99th percentile in a field of 3000+ applicants.

Yes Tater, I gave him a stern talking to on the way home… (I’m just joking T, I don’t know about you, but better than more than 99% of his co-testers is not really an embarrassing performance IMHO).

#196 calgary on 10.22.19 at 1:26 pm

Quebec wants to separate…let it.
Alberta and Saskatchewan should break away.

Selling oil to US at a steep discount. What a joke! Just build the pipeline to sell at fair market price. Canadians deserve a better government. For a country like Singapore(no natural resources), the pipeline will be built in a jiffy. National interest overrides everything else.

#197 Justin S on 10.22.19 at 1:37 pm

#175 James on 10.22.19 at 11:49 am

I have seen him on many occasions he resides near me and he looks ready for a fight. He would have smoked Trudeau right out the door.

———–

Beaches?

#198 Robert Ash on 10.22.19 at 1:42 pm

It is interesting, how our Democracy, is evolving, compared to say 40 years ago… I believe the Difference being many Boomers Parents, lived the Depression, and also the 60’s cemented a real Mistrust of Goverment, in most of the Youth.. We had Vietman, Watergate, Kent State… These events, shaped our long term suspicions, of Big Government. In retrospect I feel that Mistrust also lead to Economic Expansion, as most Folks, voted for less Government intervention… we wanted to do it ourselves…or Allow Corporations, to lead…
I find it somewhat hard to understand, that in the Enlightened Age of the Internet, that Canadians, on Mass have not demanded an Online Prespective with respect to Referandums, and Policy Development. Garth refered to in the past trying to include the Electorate, in decision making… Imagine if for example the Pipeline Debate could be distilled to an Online Referandum… clearly this idea of including the Electorate in Unpalletable… But Why.. all these comments, about Polarization, Misrepresentation… and I am using a PC for everything, including this Blog… but can’t register this Computer, to be used effectively to consolidate policy that is supported by the majority… What would all Canadians say, for example about Immigration, Pipelines, Taxes if polled, and like Microsoft or any Online Retail Store… immediately recogize and account for every household computer… Easily done with some conviction. But then we would get the Governance we deserve and pay for… we can’t complete this simple circle… sadly.

#199 ronh on 10.22.19 at 1:42 pm

Wait until JT’s carbon tax kicks in. If Canadians are $200
away from disaster, what will they be then?
Joe Clark raised gas prices once, history rhymes.

#200 oh bouy on 10.22.19 at 1:42 pm

Lots of salty tears on here today.
more than normal at least.

#201 IHCTD9 on 10.22.19 at 1:45 pm

#192 Sail Away on 10.22.19 at 1:07 pm

I’m with IH. He’s a productive citizen choosing where to use his own money. No parasite in sight. You have a lot of vitriol, Tater.
___

Thank-you SA. I’ve already told Tater multiple times I never voted for any of the handouts I currently “enjoy”. But he’s ignoring that info, so I must have dumped sand into his shorts some other way.

He may well just be a Trudeau boot-licker who really hates seeing knuckle dragging neandercons like myself filling his bank account with Lib hand outs.

Like I said before Tater, send your hate mail to the Man responsible for my good fortune: – Trudeau!

#202 Wait There on 10.22.19 at 1:51 pm

Hey, consider that Scheer could never muster a majority. It’s obvious. That means that with a Liberal minority, the conservative folks actually won something. A Coalition of the Dippers and Libs would otherwise have occurred.

The end of financial conservatism for Canada. More desperate people in future years will require more aggressive spending programs.

TAXES UPPA UPPA UPPA soon to come.

#203 Tater on 10.22.19 at 1:55 pm

#194 IHCTD9 on 10.22.19 at 1:25 pm
#180 Tater on 10.22.19 at 12:17 pm

Parasites gotta parasite. I want my free gubment money, but will pick and choose which laws I’ll follow. Nothing worse than the hypocrisy of wanting the benefits of society and shirking the costs.

And you’re raising children too. Embarrassing.
_____________

Hi Tater, I see you’re back and in a grumpy mood again.

Yep you’re right, last time I had a yard sale – I didn’t bother getting a permit. I just went head and sold my junk, and stuffed the cash in my pocket.

Also (and much worse), I recently burned some scrap wood in a barrel – without a fire permit. Even though I cooked a couple dogs over the flames (which miraculously eliminates the need for a permit), I know deep down, I was more interested in getting rid of the old wood than eating the hot dogs.

Here is the worst one of all Tater, and I relate this with a heavy heart: You know that deck I mentioned earlier where I paid zero tax building it? Well, I didn’t mention that there was an old deck there first that I had to remove.

I tore it down…

…without getting a demolition permit.

I know your eyeballs must be bouncing down the hallway right now at my utter contempt for the rule of Law.

Yep couple kids, high honours every year. Top final average in class multiple times between them.

Eldest just did an aptitude test for his career choice as part of the application process – scored ABOVE the 99th percentile in a field of 3000+ applicants.

Yes Tater, I gave him a stern talking to on the way home… (I’m just joking T, I don’t know about you, but better than more than 99% of his co-testers is not really an embarrassing performance IMHO).

————————————————————-

Exactly as I said. You want the benefits of society (taxes being taken from some of us to be given to you) but don’t want to pay the price of society (rules on behavior for the greater good).

No different than any parasite. And you can’t even see how damaging your attitude is. Just me me me.

#204 Sold Out on 10.22.19 at 1:55 pm

My goodness

#205 Sold Out on 10.22.19 at 2:04 pm

Damn tablets!

All the hangry Albertans here need to remember: you are allowed to move to Quebec, you know. Tired of “sending all those transfer payments” to ungrateful separatists? Why not take a page out of IHCTD9’s playbook, and be on the receiving end of that cash pipeline?

Blog dogs love to tell Mills to get out of YVR and GTA if they can’t afford housing. Maybe Albertans should take that advice, and look for a more balanced economy to get ahead in.

#206 IHCTD9 on 10.22.19 at 2:14 pm

#190 Shawn Allen on 10.22.19 at 1:02 pm

Thank you for the respectful response. You are missing that money is just an intangible. In substance, private workers trade some of their output for government services and vice versa.

We could charge more user fees for government services and privatize more (health care, education for sure) but that is not what is deemed ideal and is not feasible in all cases.

Paper dollars are an intangible claim on the actual real goods and services. It’s unfair (and wrong) to suggest that government workers live off the back of the private sector. In fact, perhaps it amounts to discriminatory hate speech to be taken up by the human rights tribunals (just kidding – sort of)
___

I think I can sort of see what you’re saying here – but the abstract end of economics is not my strong suit (neither is the black and white end of it lol).

I understand the idea of paying for valuable services and receiving a benefit. I get the idea and I agree.

What if the workers do not want to increase the portion of output they give to the government as they have decided the benefit they receive is not commensurate with the output given up for it?

What happens when the ever increasing amounts of output traded to the government for services starts working to the detriment of the workers overpowering the benefits (if any) received from said services?

What happens to government services when no additional output is available from the workers?

Does not the whole pyramid of services stand of the assumed availability of worker output?

#207 Scott Cordier on 10.22.19 at 2:21 pm

Bring on the increased OAS payments. My whopping $6 a month increase for the 3 month period will be so hard to find where to spend it. Oh by the way, it is taxable too so maybe I get to have a whole $4 a month in my pocket.

Meantime, my electricity bill is up $20 a month, my property taxes are up $25 a month, my cell phone bill is up another $8 a month, my food bill, groceries is up at least $24 a month, my auto and home insurance is up another $39 a month, my water, garbage bill is up another $18 a month and now carbon taxes are probably biting me up to $40 a month.

My savings rate, GIC in my account is dropping at least $200 a month interest compared to last years 3.4% rate now 2.7% last time I checked. I have never seen such a loser Liberal prime minister in office in my 40 years in Canada. Canadians are in debt and are losing everyday. Look at us now Canada.

#208 Rocket on 10.22.19 at 2:23 pm

I don’t see this being a short reign despite the minority. BQ just gained a bunch of ground, they won’t risk losing it. The NDP, while not showing strongly, are in a huge power position to push their agenda. They know they’ll never have a majority so pulling the strings in a coalition is as good as it gets, they won’t want that to end either. The Cons can’t get a non-confidence vote on their own so settle in for 4 years.

#209 Ponzius Pilatus on 10.22.19 at 2:26 pm

After days of heavy rains, the sun has just come out in Vancouver.
The Gods are showing their approval of the election results.

#210 Shawn Allen on 10.22.19 at 2:35 pm

IHDT9 and government workers

What if the workers do not want to increase the portion of output they give to the government as they have decided the benefit they receive is not commensurate with the output given up for it?

What happens when the ever increasing amounts of output traded to the government for services starts working to the detriment of the workers overpowering the benefits (if any) received from said services?

What happens to government services when no additional output is available from the workers?

Does not the whole pyramid of services stand of the assumed availability of worker output?

**************************************
I think we are agreed, it is a symbiotic relationship.

I Agree there is a problem if the government workers use for example collective bargaining on an essential service to extract more pay than they are worth. No doubt that is the case to some extent, but so far the problem is manageable. Politicians are entrusted to hire government workers on reasonable terms and to insure reasonable value is received from those workers.

The Alberta budget later this week may be interesting in that regard.

I have not followed what happened in Ontario but I vaguely understand that Ford has made some cuts and it has not been well received. I suppose the problem is that the benefits will not be seen in lower taxes for some time. And the benefit of a tax increase avoided is invisible. And the many who pay no net tax just see the cuts.

#211 AGuyInVancouver on 10.22.19 at 2:38 pm

#206 Scott Cordier on 10.22.19 at 2:21 pm..

_ _ _
Remind us again how Trudeau and the Liberals are responsible for the low interest rate on your sad GIC “investments”?

#212 Tony on 10.22.19 at 2:53 pm

Once again they let stupid vote who have a strong dislike for money. This was one of the few times I was wrong. I predicted a Liberal majority.

#213 Tony on 10.22.19 at 2:56 pm

Re: #210 AGuyInVancouver on 10.22.19 at 2:38 pm

GIC rates would be higher under a Trudeau government. More debt equals higher interest rates. Less debt under the Conservatives would mean lower GIC rates.

#214 IHCTD9 on 10.22.19 at 3:07 pm

#202 Tater on 10.22.19 at 1:55 pm

Exactly as I said. You want the benefits of society (taxes being taken from some of us to be given to you) but don’t want to pay the price of society (rules on behavior for the greater good).

No different than any parasite. And you can’t even see how damaging your attitude is. Just me me me.
___

I sell some junk at a yard sale without getting a permit, and it’s all me me me?

My attitude is super damaging because I cooked some hot dogs over a wood fire so that I did not have to get a fire permit?

I’d hate to know how you’d react if I also had 100 billion in un-taxed corporate earnings stuffed into a bank account in Panama.

You know Tater, part of making a solid assertion is presenting a reasonable case. Committing an act of self-immolation because some drumlin pimpled hamlet in southern Ontario missed out on a 20.00 fee is probably documented in the DSM IV somewhere.

#215 Alice Peterson on 10.22.19 at 3:46 pm

I don’t think Scott Cordier is saying the Liberals are responsible for low interest rates on his GIC’s but is just one more nail in the coffin.

However, low interest rates are always used by Liberal politicians from Paul Martin to John Cannis as they are the ones who saved Canadians alot of interest on their mortgage.

As for OAS and CPP, it is the old and so little and Canadian poverty plan. RRSP’s and TFSA’s are supposed to be in big amounts for retirement according to Canada’s government brochures for retirement income.

#216 crazyfox on 10.22.19 at 4:47 pm

The election outcome could always be worse. I’m ok with it, the Cons and NDP simply do not have what it takes to lead this country and Trudeau needed some humbling, making mistakes that come with consequences and Canadians, by plan or fluke got it right. Sheer’s Conservative Harper 2.0 reboot completely lacked in imagination and on some critical issues such as climate change, his government would have been a flop specifically for what’s coming. The NDP platform would have been a disaster, if followed. Like total. The Greens would have been worse. Like as not, the Libs with warts and all are the best choice to run Canada.

The Libs have 3 parties they can approach to pass legislation. That’s better than 1. The use of other parties to pass legislation gives each one legitimacy but that’s how it is with a minority government, it has to work with the other parties to pass laws. If I was Trudeau, I would work to give them all legitimacy through the passing or at the very least, the offering of legislation that is in keeping with opposition ideologies since, if the opposition parties don’t take the offer, it often backfires at the polls.

For example, if the Libs are serious about tackling federal debt, they could offer a budget proposal with spending cuts, while keeping a tax cut to OAS for example, to all 3 parties for a vote. They could go the Cons first and if the Cons say no, the Libs could roast them over it and get it passed through 1 of the other other 2 parties.

The Libs could make the next election about debt or any other issue if they desired but fiscal responsibility should be the focus, at least for me. The Libs have lost the mandate to rule by majority but they can still largely control the narrative with 3 parties to approach for legislation and this cannot be underestimated. The Libs, in order to survive, need to pick their battles and allies wisely and I think they will.

Trudeau has baggage, he’s made mistakes, who doesn’t but if we are to think Scheer would have made less mistakes over a 4 year run or make less serious mistakes, some of them he campaigned on, that’s a likely large false assumption. Conversely, with baggage comes experience and not all of it bad if learned from. Hopefully we will have a better leader emerging from the one we’ve had the last 4 years, truly. All of Trudeau’s talk about being a uniting, not dividing leader, will be put to the test but in the same breath, the risk is just as high for opposition parties seen as dividing also. And that’s politics. It’ll be an interesting year.

#217 Sail Away on 10.22.19 at 5:02 pm

Now that we know the landscape, it’s time to plan.

Green energy: watch the subsidies and take advantage. invest in windpower with Buffett and Brookfield Renewables, reduce oil/gas use, take advantage of subsidies to trade your F350 for a Tesla, invest in CN and CP Rail because no pipelines are being built, invest in Suncor because refineries.

Infrastructure: fed money will flow like a river to First Nations, so expand any business area designing or constructing roads, water, sewer and buildings with FN.

Back away from private development.

Take full advantage of all socialistic govt benefits offered. Buy untaxed services and materials from First Nations

#218 Sail Away on 10.22.19 at 5:17 pm

#211 Tony on 10.22.19 at 2:53 pm

Once again they let stupid vote who have a strong dislike for money. This was one of the few times I was wrong. I predicted a Liberal majority.

—————————

Wrong, really? I’ve been waiting to short markets in November based on your predictions, but now am not so sure. You were also wrong last week about markets crashing. So, 0 for 2 by my reckoning, with a third prediction to be determined next month.

#219 Frankie Shandill on 10.22.19 at 7:41 pm

AGuyInVancouver, we have all our RRSP’s, TFSA’s, non-registered money is all our so called sad GIC “investments” 2.85% to 3.75%, 5 to 7 years.

We would rather have our $900,000 in these things than be like most Canadians in so much debt to their eyeballs and like Liberals and socialists wanting a bailout from the Canadian and all governments when their house, condo goes underwater.

Canadians already got and get still everyday a major bailout called very low interest rates in the form of mortgage rates at 1.99% to 2.99%. Don’t think that your other investments from REIT’s to stocks, equities to real estate, mutual funds, ETF’s etc. will not be impacted when Canada treats us all like rich people and confiscate all our money, property.

They already do this through high income taxes from RRSP, RRIF withdrawals, income to deemed disposition on death, death taxes really of 52% to 56% of RRIF’s, RRSP’s, LIRA’s, LIF’s etc.

Wait until they go after Canadians primary residence with capital gains taxes and NDP’s higher income tax rates. Ready to pay $200,000 to $400,000 in taxes on your great real estate all time investment and be forced to sell it.

#220 Jody is awesome on 10.22.19 at 10:01 pm

Update (Oct.22): Libs 157, Cons 121, Bloc 32, NDP 24, Green 3. Tories won the popular vote but Grits form the government.
…………
Hey what about Jody???