Bubble boy

There are six million people living in and closely around Toronto, widely believed to be the centre of civilized life. Everybody knows that.

The local real estate board has divided this urban mass into 60 districts. In the last few months, in every one of those, save six, the average single-family house price has inflated to more than $1 million. Yessir, that’s 90% of the country’s largest real estate market hitting seven figures. Never happened before.

The reasons are well-known. Covid cash. Aggressive nesting. WFH. Cheap rates. Urban flight. And FOMO. Lots and lots of that since the pandemic came to town.

Regardless, it’s massively inflationary. And it’s now a big problem right smack in the middle of an election campaign where GTA votes are crucial for the prime minister to keep his job.

So, did you see the latest stats?

Canadian inflation last month was 3.7%, the highest in 20 years. By a lot. It’s the fourth monthly hike. It puts the cost-of-living number above the max set by the Bank of Canada. It makes borrowing mortgage money at 1.6% a no-brainer and shows people buying GICs need help. It paves the way (if these numbers hold until the end of the year) for higher interest rates. And it’s underscoring an incredible problem in the housing sector – especially among a key cohort of Liberal voters. Yes, Millennials. Urban ones.

It’s easy to see housing escalation as a key driver of inflation. In the GTA, 97% of all hoods cost more than a year ago. And the far-off places with coyotes and carnivorous insects are among the worst. Scugog is up 44% in a year. Uxbridge is 46% more expansive. Woodstock is ahead 43%. Not just Ontario, of course. Halifax, Victoria, Ladysmith and Lunenburg. All nuts.

Only twice since 2003 has inflation risen much over 3%. Central banks swear what we’re seeing is temporary, but how is that? The economy is just now opening up after 18 months of virus lockdowns, quarantines and restrictions. Government subsidy programs worth billions a month have been extended. Dormant, dead downtowns are starting to rustle back to life. People are buying transit passes and new underwear again. The GDP is expanding relentlessly with corporate profits popping and financial assets rising. Why would inflation drop?

This is a problem for Mr. Socks. He’s stoked rising costs with a tsunami of debt-fuelled spending. The CERB payments, the juiced-up child pogey, business subsidies, vaccine rollout, the subsidized child care and enhanced wrinklie payments. The largesse is historic. Bank economists say at least $100 billion in federal debt is sitting in the personal bank accounts of people who obviously didn’t need the money to survive the pandemic. It’s as if all the adults left Ottawa in March of 2020.

So what?

Inflation steals wealth by watering down the value of money. It’s why a Manulife survey found 75% of Canadians without a home want one but cannot buy. They might not grasp everything about the money supply and monetary policy, but they can sure understand affordability. In a few years of governing, the current gang in Ottawa may have distorted national finances for decades to come.

“I was a little bored this morning,” writes George, “so I Googled ‘canada money supply’.  Here is what showed up.  This does not look good.”

No, George, it does not.

About the picture: “This is Rocky (on a rock),” writes Mike, from Kitchener. “He’s a 3 year old mutt adopted last July, pictured on his weekly hike with his humans. Hope he makes the cut!”

168 comments ↓

#1 RVS on 08.18.21 at 3:44 pm

Apparently the liberals in NS got their rear end handed to them. And Elizabeth McCrossin won back her seat as independent, showing she had full support of her constituents for what she did. Kudos on her

#2 cuke and tomato picker on 08.18.21 at 3:44 pm

The market looks a little red today.

#3 Comrade on 08.18.21 at 3:45 pm

Maybe T2 called the elections in hope to lose them so he doesn’t have to deal with the fall out.

#4 Jay on 08.18.21 at 3:46 pm

How can things not get really bad

#5 crowdedelevatorfartz on 08.18.21 at 3:49 pm

The TAX PAYER money this govt has SQUANDERED is CRIMINAL.

#6 Lewdicrus on 08.18.21 at 3:49 pm

#49 The West is Back on 08.17.21 at 6:49 pm

John Horgan is back from holidays.

Time to assess how many Interior towns have burned down and the status of Covid cases pushing towards 1000 cases per day in just Kelowna alone (a population of just 20% of the province producing over 60% of all province wide cases) causing the rescheduling of surgeries and the meltdown of local hospital services along with evacuees having to sleep in cars due to tourists having the rooms booked.

_____________________________________

I can’t for the life of me understand how the self proclaimed and annointed “smart ones” on this blog didnt call out the nonsense being bandied about above. Since when did Kelowna have a 1000 cases/ day and make up 20% of BC’s population? Not even close! Especially our gifted children like CEF, Pilatus, Faron, Sail Away, etc. In fact, aren’t they all from BC? Cant wait to see them try to wiggle out of this one…. Probably blame it on Global news anchor or something equally ludicrous !

#7 50 YEARS OF MAPLE LEAF INCOMPETENCE! on 08.18.21 at 3:51 pm

“There are six million people living in and closely around Toronto, widely believed to be the centre of civilized life. Everybody knows that.”

Absolutely! And the easiest place to get your family rich in Canada – just buy life insurance and wait to get murdered there!

At least you’ll avoid the misery of watching another losing season for the Make Believes :)

#8 Skiffy on 08.18.21 at 3:52 pm

The chart would be more useful with some indication of what the y axis represents? I can make a graph of any numbers doing anything, what kind of useless ‘proof’ is this?

#9 TurnerNation on 08.18.21 at 3:53 pm

#61 macduff on 08.16.21 at 5:08 pm
There is not a monopoly on Camps. For example the WW2 Internment camps for Japanese – in Canada!!

—————–
Dolce some more #s for your stats. UNH is comprised of six large downtown Toronto hospitals.
But we cannot fully re-open the province!!
Now, are these “With” or “Of” Covid. The never tell us.

https://www.uhn.ca/Covid19/#
​​​​​​​COVID-19 Cases at UHN
Number of patients on an intensive care unit: 2
Number of patients on an inpatient unit: 2
Total number of COVID-19 cases at UHN hospitals: 4
Last Updated: August 18, 2021 (8:30 am)

—– Two more big downtown hospitals.
https://unityhealth.to/patients-and-visitors/covid-19/#covid-19-cases-at-unity-health-toronto-block_60070e3f12217
COVID-19 cases at Unity Health Toronto
Location Intensive care units Inpatient units Total
St. Joseph’s 1 3 4
St. Michael’s 0 0 0
——————

……………….
Allllmost over guys! “Covid” will run until 2025 – from everything I’ve seen. Don’t call it a global reset.

. Statewide curfew under discussion as multiple Hawaii ICUs operate at or above capacity (hawaiinewsnow.com)

.TSA to extend transportation mask mandate into January (cnn.com)

.Japanese F1 GP cancelled due to rising COVID cases (autosport.com)

.Victoria police union says keeping people off playgrounds is ‘not something we signed up to do’ (abc.net.au)

#10 Summertime on 08.18.21 at 3:56 pm

That was predicted long time ago.

Exponential increase in money supplym combined with increased velocity. Real inflation is in double digits already and will soon be 15 % +. Then 20 % +.

The cowards and incompetent idiots at BoC will keep interest rates at 0.

Enjoy the G7 ‘status’ folks.

#11 UCC on 08.18.21 at 3:57 pm

So what should renters do with B&D portfolios? Should we be upping our equities? Upping Bonds?

#12 Skiffy on 08.18.21 at 3:59 pm

Here is a graph:

https://imgur.com/a/AMcWk3u

#13 Basil Exposition on 08.18.21 at 4:01 pm

Mr. Socks is very good at playing the role of Prime Minister. He is the façade behind which hides the same corrupt cabal that nearly destroyed Ontario’s finances. Will the electorate wise up and recognize the lower standard of living they will inflict on their kids and send these ideologues packing? I sure hope so.

Major General Dany Fortin is now fighting for his career and reputation in a Quebec court. An example of what happens to honourable people when they cross paths with dishonourable politicians. There is a Go-fund-me page set up to assist his legal defense. I donated in gratitude for his service to our nation.

#14 Sail Away on 08.18.21 at 4:01 pm

#3 Comrade on 08.18.21 at 3:45 pm

Maybe T2 called the elections in hope to lose them so he doesn’t have to deal with the fall out.

——-

Hmmm…. good point.

It’s possible that he’s more self-aware than expected and called his own non-confidence motion on himself.

#15 JacqueShellacque on 08.18.21 at 4:02 pm

Most people around today are too young to remember inflation and how destabilizing it is. My old man worked in a factory in the 70s, and when it was at its worst they went on strike for 8 months – only to get whacked by Socks Sr’s wage and price controls. They ended up having to settle for what they’d been offered at the beginning. Get ready for uncertain times – everyone always wants a little more, and no one wants to feel like they’re getting the short end of the stick. More employees demanding raises, more vendors and suppliers upping their prices, more sticker shock when buying the everday stuff. Imagine what’ll happen to health care and education once these government workers decide their pay needs to keep pace? I forsee a lengthy education sector shutdown in Ontario in the next few years.

#16 Millennial 1%er on 08.18.21 at 4:03 pm

The same millennial that will be forever renters were the same ones who voted for Trudeau based on his woke talking points.

Conservatives bad they cry, as their 13$ /h wage can only get them a leaky basement apartment 2 hours from the city

#17 Faron on 08.18.21 at 4:05 pm

#129 Planetgoofy on 08.18.21 at 1:48 pm

LOL I near puked one morning as we drove through Manila

Preggers?

#18 Father's Daughter on 08.18.21 at 4:06 pm

Well although we remain #teamrent..there is barely any inventory for SFH rental available in the city.

Unless of course you have $6800/month to spend on an okay house.

https://www.realtor.ca/real-estate/23541582/71-gilmour-ave-toronto-high-park-north

At this point I wonder why any of the candidates would even be interested in inheriting this mess.

#19 Billy Buoy on 08.18.21 at 4:14 pm

So, when do POSTED Interest rates go NEGATIVE?

“Houston, we have a problem.”

Enjoy each day folks, remember the good times….a fine shit storm is a brewin Randy boy.

#20 John Zovak on 08.18.21 at 4:15 pm

My earlier post mentioned a Go-Fund-Me campaign to assist with the legal expenses for Major General Dany Fortin. It appears that it was shut down and the donated money refunded. Sorry if anyone tried to find it.

#21 Faron on 08.18.21 at 4:15 pm

#2 cuke and tomato picker on 08.18.21 at 3:44 pm

The market looks a little red today

MOpEx. Look at the middle of the month for this and the past 4 months. Markets have a bit less support for the roughly 10 day period following the weds of monthly options expiry. This isn’t always directional, but often leads to increased realized vol. Implied vol has followed of late.

If you have a positive outlook, these firesales can be good entries. 4 of the last 5 have seen spx hit the 50 day moving average. An even better entry.

#22 S.Bby on 08.18.21 at 4:15 pm

The Liberals have to go.

#23 Howard on 08.18.21 at 4:17 pm

The Prime Minister of Canada today:

“It is exactly the example of the kind of things you need to do to counter the she-cession and turn it into a she-covery,” Trudeau said.

#24 truefacts on 08.18.21 at 4:19 pm

O’Toole wants to make houses more affordable.

https://ca.style.yahoo.com/conservative-party-outlines-plan-to-make-canadian-real-estate-more-affordable-173527563.html

The younger gen has been screwed with housing.
Somebody has to clean up Trudeau’s mess for younger people – don’t see them voting for him after what he’s done to them…

#25 Billy Buoy on 08.18.21 at 4:22 pm

They are right about inflation in the short run.

It will go down as we fall through a massive deflationary spiral.

Then what happens?

Real inflation until the war or all wars breaks out to secure the basics for a country’s people to LIVE:

Water, good land, resources to build housing, etc.

The USA is positioned quite well to be self sufficient with flat land, water, water transport routes, safe neighbours, oil, etc. The other countries not so much.

Guess who “they” are coming after first? Hope their guns and defense systems are up to date…First round will be Taiwan.

No wonder people were living and spending like there was no tomorrow the past 20 years. Why not? You are not taking anything with you when you leave planet Earth and now JT will help to ensure that.

Got to “Balance that budget” anyway he can! Good little boy he is. He listens well to his handlers and makes them so proud! A gold star is in his future! Yeaaaa.

Hope I’m dead before I grow old.

#26 Dolce Vita on 08.18.21 at 4:29 pm

“People are buying transit passes and new underwear again.”

Maybe transit passes but NOT underwear.

May 2021 Retail Trade “Clothing and clothing accessories stores” down 11%.

Not saying they haven’t had a “change” of heart since then but no, not in May 2021.

https://www150.statcan.gc.ca/t1/tbl1/en/cv.action?pid=2010000801

—————–

Good to read your Provincial riding painted in Blue Garth.

Careful with those Lefty apple growers north of you.

#27 Shawn on 08.18.21 at 4:36 pm

5 times money supply, does that mean an 80 percent devalued CAD? I probably should not have sold my house to rent

#28 Howard on 08.18.21 at 4:36 pm

Trudeau: “I don’t think about monetary policy”

https://twitter.com/punditclass/status/1428045385411358726

Pierre Poiliève has already pounced on this. You think inflation will be a big issue in this election?

#29 ogdoad on 08.18.21 at 4:39 pm

Hey, what else are people busting their asses for? Look around. Everyone/thing shows that you go to work and bust your butt so you can afford and live in a nice home with a white picket fence and consume ’till yur all DA’d out…no-matter-what. If not? You’re a LOSER. Skewed values of, generations of, weak-minded (getting weaker due to weed on every corner (thanks T2)), duped, entitled cry-babies.

Plug in kids, and parents. You know nothing else but to yearn for a house/yard that you can call yours. Keep the dream alive, at all costs. You’re earning people LOTS of money!

And for the few that remain – I’m starting a new group. But there’s a minimum. And you need to like hugs.

Og

#30 Ballingsford on 08.18.21 at 4:40 pm

Nice looking doggy!

Nice looking chart. Is that our yearly national debt? If so, no way out now.

Every person for themselves.

#31 binky barnes on 08.18.21 at 4:40 pm

I just read that the PM PM got himself into hot water because he took some fancy trip to some fancy island belonging to a person called the Aga Khan.

BB

#32 Stone on 08.18.21 at 4:40 pm

People are buying transit passes and new underwear again.

———

Phase 1: Collect underpants.
Phase 2: ?
Phase 3: Profit!

#33 kommykim on 08.18.21 at 4:41 pm

Scrollable chart right from the source:

https://www.bankofcanada.ca/rates/indicators/key-variables/monetary-aggregates/

Yup… This is even crazier than 2008…

#34 Dolce Vita on 08.18.21 at 4:44 pm

I don’t know what everyone’s all excited about.

Bubble, Scmubble.

Justin’s not worried.

All over Twitter, the video via Steve Saretsky with Justin’s quote:

https://twitter.com/SteveSaretsky/status/1428061525940391936

Though, I liked it that Justin was ready to sock a few people in the mouth yesterday in Aurora (anti-vaxers – look at his body language…though all he did was yell back at them):

https://twitter.com/theoargitis/status/1427710652467011589

—————

The SHE-lection starting to heat up.

#35 BlogDog123 on 08.18.21 at 4:44 pm

re: #3 Comrade on 08.18.21 at 3:45 pm
Maybe T2 called the elections in hope to lose them so he doesn’t have to deal with the fall out.

===

No, T2 loves himself too much… Ego, thinks he’s untouchable…

His old pal Gerald Butts is now feeding him more BS to shut down more oil pipelines or production…

#36 Rainman on 08.18.21 at 4:45 pm

As long as you can afford the mortgage, isn’t owning a house a good thing with rising inflation?

#37 Freedom First on 08.18.21 at 4:49 pm

I implore you, all my fellow Canadians, for you and your kids, grandkids sake, please do not vote for Justin Trudeau!!!

He is Canadas worst PM ever!!!

#38 Millennial 1%er on 08.18.21 at 4:51 pm

#36 Rainman on 08.18.21 at 4:45 pm
>As long as you can afford the mortgage, isn’t owning a house a good thing with rising inflation?

=====

Yes. Mortgages today are literally free money, which is why houses cost so much.

#39 XGRO and chill on 08.18.21 at 4:51 pm

Remember in 2015 when Harper ran against JT?

In the last days of the campaign, way behind in the polls, Harper departed from his usual cool, strategical judgment, and rubbed shoulders with Rob Ford on some weird game show esque stunt to show all the cash JT was going to throw around like mad, treating our government chequebook like a never ending source of tickets at Ruckers or something.

People laughed it off. Thought it was zany and weird. I know I did.

And suddenly now it’s happening.

#40 Adam Smith on 08.18.21 at 4:56 pm

Trudeau is bleeding support to the NDP over this. Not like the NDP would do anything productive about it because they are financially illiterate but they are at least talking about.

I’m scared guys, Trudeau might actually manage to lose this one and then get to walk away without taking any responsibility when the chickens come home to roost. Canadians are a pretty uninformed bunch, it is very possible we will learn exactly the wrong lesson from all of this.

#41 Hurtin' Albertan on 08.18.21 at 4:58 pm

Harvard researchers find that wildfire smoke exacerbates COVID.

“Wherever particulate matter on average rose by 10 micrograms per cubic metre each day over a 28 day period — the rate much of B.C. and Alberta have recently experienced — COVID cases increased by an average of 11 per cent and deaths by nearly nine per cent.”

“In some of the smokiest places air pollution played an ever-greater role accounting for more than half of all COVID infections and 70 per cent of deaths.”

https://thetyee.ca/Analysis/2021/08/18/Wildfire-Smoke-Supercharges-COVID/

With a growing Delta wave, this is bad news for much of western Canada.

Best summer ever

#42 enthalpy on 08.18.21 at 5:03 pm

So many properties have doubled in value in the last 2-4 years.
Where do we go from here? It’s been increasingly difficult to get into the market since at least 2006….and it just continues to march along, doing the ‘unthinkable’.

Fundamentals left the building long ago. What is the end point? is there one?

#43 Dr Prepper on 08.18.21 at 5:07 pm

#24 truefacts on 08.18.21 at 4:19 pm
O’Toole wants to make houses more affordable.

Infill new houses near me Islington Bloor go for over 3 million. HST (a buyer’s tax , paid by builder, so it’s blended into purchase price) = $390,000.
add $122,950. 2 land transfer taxes paid by buyer
= grand total of $512,950.
Did O’Toole mention those federal, provincial, and municipal taxes? Of course not, and he won’t.

#44 Voting Conservative This Time Around on 08.18.21 at 5:10 pm

The conservative party plans to remove the requirement to conduct a stress test when a homeowner renews a mortgage with another lender and increase the limit on eligibility for mortgage insurance and index it to home price inflation, giving those in high-priced real estate markets with less than a 20 per cent down-payment a chance to buy a home.

#45 When Will They Raise Rates? on 08.18.21 at 5:16 pm

#42 enthalpy on 08.18.21 at 5:03 pm

So many properties have doubled in value in the last 2-4 years.
Where do we go from here? It’s been increasingly difficult to get into the market since at least 2006….and it just continues to march along, doing the ‘unthinkable’.

Fundamentals left the building long ago. What is the end point? is there one?

———–

It will end when they raise rates. Any time now…

#46 AM in MN on 08.18.21 at 5:20 pm

Going to get a lot worse before it gets any better.

All democracies implode eventually. Once the 51% realize that they can vote themselves free money from the other 49%, the system collapses.

Same with all fiat currencies. Printing money is a wealth tax on people who are too stupid to understand that there isn’t a bunch of free money to be had.

The latest pictures from Kabul should give you some pause to wonder if the people in charge of the Western World know what they’re doing, other than playing on the emotions of the mentally weak members of society in order to get themselves elected and enrich their friends.

It isn’t different this time. There is no free money coming from Junior’s magic tree!

#47 crowdedelevatorfartz on 08.18.21 at 5:21 pm

@#40 Adam Smith
“I’m scared guys, Trudeau might actually manage to lose this one and then get to walk away without taking any responsibility when the chickens come home to roost. ”

+++

I guess you dont remember what Prime Minister Brian Mulroney did to the Conservative Party..?

The voters banished it to the Hinterlands for a decade.

Trudeaus fiscal irresponsibility will gut the Liberals for decades if the taxpayers wake up to what he has done to our future.

#48 The Devil's Apricot on 08.18.21 at 5:23 pm

#13 Basil Exposition on 08.18.21 at 4:01 pm

Mr. Socks is very good at playing the role of Prime Minister. He is the façade behind which hides the same corrupt cabal that nearly destroyed Ontario’s finances. Will the electorate wise up and recognize the lower standard of living they will inflict on their kids and send these ideologues packing? I sure hope so.

Major General Dany Fortin is now fighting for his career and reputation in a Quebec court. An example of what happens to honourable people when they cross paths with dishonourable politicians. There is a Go-fund-me page set up to assist his legal defense. I donated in gratitude for his service to our nation.

__________________________

How do you know he is honourable? Which dishonourable politicians? What about the claims made against him? Just saying!

#49 Doug t on 08.18.21 at 5:25 pm

That graph shows that it doesn’t matter who you elect – it’s too late, damage so severe and so massive that this country is done like dinner – you better stock up on beans and wieners

#50 Trojan House on 08.18.21 at 5:26 pm

“We see that as soon as we surrender the principle that the state should not interfere in any questions touching on the individual’s mode of life, we end by regulating and restricting the latter down to the smallest detail. The personal freedom of the individual is abrogated. He becomes a slave of the community, bound to obey the dictates of the majority.”

– Ludwig von Mises

On an inflationary note, I purchased a 250GB Western Digital M.2 SSD at the beginning of July for $42. I purchased another one today for $72 and that was on sale from $77!

#51 crowdedelevatorfartz on 08.18.21 at 5:27 pm

@#34 Dolce

https://twitter.com/SteveSaretsky/status/1428061525940391936

Trudeau’s reply to the Fiscal policy of the Bank of Canada,
“You’ll forgive me if I dont think about monetary policy.”

What did you expect Trudeau to say?
That question was “off script” and his ear piece wasnt working……

Mr “The Budget will balance itself” doesn’t CARE about Canada’s $1 TRILLION dollar debt.

#52 joe kahn on 08.18.21 at 5:35 pm

Housing Starts in the U.S. is down month over month by 7%.

#53 MASSIVE LIBERAL MAJORITY ON THE WAY! on 08.18.21 at 5:37 pm

Great news for Canadians after September 20!

Forgot those other dinosaur parties.

Justin has your back and always will.

#54 JP on 08.18.21 at 5:38 pm

Yikes. My kids will have to pay off (part) of the debt the irrational JT government has created. More of their tax money will go towards interest payments, and not useful things like healthcare and education. My generation has done this to my kids. Shameful.

And, $100B of the new debt went to folks who didn’t need it. A catastrophic waste.

If this happened in any company, in any organization such as a university, the leaders would be absolutely skewered and punted.

Why aren’t people more upset about this? Is the “average” Canadian unaware of what has really occurred?

#55 Adam on 08.18.21 at 5:42 pm

Garth can you elaborate why owning gold in an inflationary environment would be bad? I don’t get it.

#56 Drew on 08.18.21 at 5:45 pm

Should be raising rates already. What is the hold up?

#57 Pbrasseur on 08.18.21 at 5:46 pm

Dogs are ok I guess but what’s wrong with pretty girls ?

Leftists activists won’t get millions of mail in ballots to work with to get out the vote in Canada, people trust the system enough to vote in person. Justin is cooked I think, if not this country is.

#58 NOSTRADAMUS on 08.18.21 at 5:49 pm

WHAT’S THAT SMELL?
Garth for the most part, sticks to his data and does not spray you with too much BS. His commenters do a good job in this regard. I find it entertaining to read all the conspiracy theories. On the positive side I have been known to spray a bit of my own. I am on my throne and I will not step down.

#59 KLNR on 08.18.21 at 5:50 pm

@#28 Howard on 08.18.21 at 4:36 pm
Trudeau: “I don’t think about monetary policy”

https://twitter.com/punditclass/status/1428045385411358726

Pierre Poiliève has already pounced on this. You think inflation will be a big issue in this election?

i enjoy poilievre’s rants.
could care less about context.

#60 My Body My Choice on 08.18.21 at 5:54 pm

Nova Scotia just elected the Progressive Conservatives. Apparently, they’re “Red Tories” which mean they mostly align with the Liberals. We’ll have to wait and see.

Meanwhile, in the federal campaign, Trudeau gave a speech in Cobourg, Ontario. Afterwards, a Rebel News reporter asked a couple of Liberal supporters why they support the Liberals:

Reporter: “What is one of the most important Liberal policies that you support?”

Liberal supporter: …..(blank stare)…(speechless)…(groping for words)….(mind a blank)…(painfully long silence with a microphone in front of her)…”umm”…”there’s many of their policies that I support.”

Reporter: “Can you name one of them?”

Liberal supporter: …(crickets)…”ummm”…”the COVID response” she stammers in desperation.

Reporter: “The COVID response…”

Liberal supporter: …”yes”

Reporter asks the same question to another Liberal supporter:

Liberal supporter: …(blank stare)… (groping for a thought, anything)… (mind a blank) …

These are the kind of mindless, CBC-brainwashed, groupies that vote for the Liberals. Canada is so screwed ….

#61 Nonplused on 08.18.21 at 5:54 pm

#23 Howard on 08.18.21 at 4:17 pm
The Prime Minister of Canada today:

“It is exactly the example of the kind of things you need to do to counter the she-cession and turn it into a she-covery,” Trudeau said.

—————————————–

Shouldn’t that be a “people-cession” and “people-covery”? The poor boy can’t help but trip over his own socks.

Can we use traditional pronouns or not?

#62 Nonplused on 08.18.21 at 5:59 pm

#24 truefacts on 08.18.21 at 4:19 pm
O’Toole wants to make houses more affordable.

https://ca.style.yahoo.com/conservative-party-outlines-plan-to-make-canadian-real-estate-more-affordable-173527563.html

The younger gen has been screwed with housing.
Somebody has to clean up Trudeau’s mess for younger people – don’t see them voting for him after what he’s done to them…

————————————–

Actually, we might all be screwed. Owning a house is not always a lifeboat when interest rates start rising and the prices start falling. And don’t forget all this inflation and carbon taxes is going to appear directly on your property taxes, maintenance, and utility bills. Them school buses don’t run on unicorn farts! Maybe they can get the kids to get out and push. They need the exercise anyway.

#63 As I predicted on 08.18.21 at 6:06 pm

Coming soon to Canadian cities near you:

https://www.bloomberg.com/news/articles/2021-08-18/housing-hunt-turns-to-desperation-with-record-rise-in-u-s-rents

#64 Nonplused on 08.18.21 at 6:09 pm

#118 Lorne on 08.18.21 at 11:26 am

“Why “first past the post” should be replaced by proportional representation where people do not have to strategically vote. Perhaps Trudeau will actually follow through on his promise of 2 elections ago….unlikely.”

Whom, exactly, shall we elect using proportional representation? Canada doesn’t have a president. Elections are done at the riding level and we elect MP’s. I don’t see how that could be improved with something called “proportional representation”.

Even in the US, the position of president is the only elected office that is voted on nation wide, but it is based on congress seats not “proportional representation”.

#65 Debtslavecreator on 08.18.21 at 6:14 pm

You’ve seen nothing yet
May have more stagflationary era last another year or two and then a 2008 style deflation crash
But most likely end game is a hyper inflationary collapse whenever the end comes ( hunch 2032/ hyper inflation 2032-2038?)

It’s massive looting of the middle class and poor

Deliberate policy

Junk economics and junk monetary policy

#66 Market Red on 08.18.21 at 6:16 pm

#21 Faron lol

The market is red as Biden’s political capital gets washed down the closed runways of Bagram airport.

The $3.5 TRILLION boondoggle is in deep trouble. Even some Dems backtracking on it.

The market no likey.

Here’s the bill that’s in trouble:

https://www.cnbc.com/2021/08/11/senate-passes-3point5-trillion-budget-resolution-after-infrastructure-bill.html

Dow down 1% today. Just below all-time high. Corrections are good, but this is not even close. – Garth

#67 Penny Henny on 08.18.21 at 6:20 pm

#34 Dolce Vita on 08.18.21 at 4:44 pm

Justin’s not worried.

Though, I liked it that Justin was ready to sock a few people in the mouth yesterday in Aurora (anti-vaxers – look at his body language…though all he did was yell back at them):

https://twitter.com/theoargitis/status/1427710652467011589

—————

His body language made it appear he was afraid to confront or discuss.

#68 Ponzius Pilatus on 08.18.21 at 6:23 pm

#115 crowdedelevatorfartz on 08.18.21 at 11:19 am
@#109 Ponzies Pathetic Political Prevarications
“I read that the Cons won based on their health care spending platform, which is usually NDP territory.”
++++
Well.
I would dare say my “Wednesday Morning Quarterbacking is a tad more informed than yours.
My extended family voted in the election.
I have spoken to several friends who live in the Halifax area and the countryside all over the province.
———————————
Well according to this Atlantic CTV clip, I was kinda on target:
Can you imagine, a right leaning party using a LEFT LEANING platform.
What’s next, the Cons embracing Climate change?
————————
HALIFAX — Nova Scotia’s Progressive Conservatives surged to an upset election win Tuesday over the governing Liberals after capitalizing on their main opponent’s early stumbles and promising a big-spending fix to the troubled health system.
During the campaign, Tory Leader Tim Houston unveiled a LEFT LEANING PLATFORM, that promised hundreds of millions of dollars in the first year of the party’s mandate to increase the number of family doctors, bolster the mental health system and create more nursing home beds

How is improving the healthcare system a left-leaning agenda? – Garth

#69 the Jaguar on 08.18.21 at 6:35 pm

@#6 Lewdicrus on 08.18.21 at 3:49 pm
_____________________________________
I can’t for the life of me understand how the self proclaimed and annointed “smart ones” on this blog didnt call out the nonsense being bandied about above. Since when did Kelowna have a 1000 cases/ day and make up 20% of BC’s population? Not even close! Especially our gifted children like CEF, Pilatus, Faron, Sail Away, etc. In fact, aren’t they all from BC? Cant wait to see them try to wiggle out of this one…. Probably blame it on Global news anchor or something equally ludicrous ! +++++++++++++++++

CEF I believe is originally from New Brunswick, Ponzie from Austria, Faron from Oregon ( with strong Portland tendencies, lol), Sail Away is American with proud Venezuelan roots, despite ditching Carlos for Charles.

Your best bet on the BC lowdown is DON, whom I suspect is located somewhere near Duncan. Damifino knows his stuff, as well.

The short cut of course is just to blame the Albertans. They are the root of all evil in British Columbia. They show up with their red license plates, buy property, behave poorly because they are on vacation and have too many cocktails, and whatever other sin one wishes to throw their way. Many parts of Van Isle ( like Parksville) are riddled with them. Qualicum Beach, too. They seem to behave better there…..must be the ‘Boomer’ thingy……

#70 Sail Away on 08.18.21 at 6:45 pm

#57 Pbrasseur on 08.18.21 at 5:46 pm

Dogs are ok I guess but what’s wrong with pretty girls ?

———

Well, I’ll take this one. In my experience, pretty girls:

-wrinkle their nose when stepping into a sailboat or tipi, but couldn’t scent a bird if it landed on their head, even when the wind is in their favour

-absolutely refuse to retrieve downed birds in cold water, brambles, or a ravine

-cannot be reliably trained to obey the whistle and often skirt thick bush in favour of the well-trodden (and bird-less) path

-generally lack the instinctual and unstoppable prey drive found in a well-bred bird dog

#71 Do we have all the facts on 08.18.21 at 6:46 pm

The Government of Canada tabled their forecast of revenues and expenditures from 2021/22 through 2025/26.

I found it very interesting that total budgetary revenues were projected to increase from $355 billion in 2021/22 to $437.7 billion in 2025/26. This represents an average annual increase in revenues of more than 5.0%/year.

The major contributors to total GOC budgetary revenues are personal and corporate income taxes. From 2021/22 through 2025/26 resident based income taxes are projected to increase from $230.7 billion to $280.3 billion. This represents an average annual increase of 5.0% per year over the next four years.

Given that our population growth rate over the next four years, including increased immigration, will fall well below 1.0% per annum and that the employment participation rate is declining as our population ages these optimistic projections bear increased scrutiny.

Prior to Covid 19 resident based taxation revenues increased by 2.0% from $214.3 billion in 2018/19 to $217.6 billion in 2019/20.

We need a political party that will examine actual facts and provide Canadian citizens with a realistic projection of our future. You cannot project a 5.0% annual increase in taxation revenues without substantial increases in marginal rates. Any increase will result in demands for wage increases and these demands will contribute to our realistic, not contrived, rate of inflation.

Increased immigration is not a magic wand that will result in increased taxation revenues. We need increased productivity across the board not promises based on short term political objectives.

It should also be noted that budgetary expenditures, excluding debt service are projected to increase by less than 2.0% per annum between 2022/23 and 2025/26. This level of austerity will have a serious impact on Provincial and Territorial governments.

Stay tuned for that debate. Somebody is going to have to pay for the services we have come to expect from our governments.

#72 the Jaguar on 08.18.21 at 6:47 pm

Alberta – 5933 cases, 184 in hospital, 48 in ICU
BC – 5580 cases, 107 in hospital, 53 in ICU.

#73 Stealth on 08.18.21 at 6:49 pm

Garth,

Is there any scenario in politics where say conservatives would not want to win and leave the current party to deal with its own mess? Kind of waiting for the right pitch before swinging.

Thank you

#74 Doug t on 08.18.21 at 6:52 pm

Garth how do you feel about bonds over the next couple of years ? Please and thank you

#75 Concerned Citizen on 08.18.21 at 6:53 pm

Central banks the world over have abandoned their mandates in favour of keeping the everything bubble inflated. Inflation and employment are distant secondary concerns.

Why else are real interest rates hovering in the -3% to -5% range in much of the developed world? Who believes this “transitory inflation” narrative they’ve been peddling? Remember when central banks were data-driven and followed their mandates?

Central banks care far too much about Wall Street/Bay Street and far too little about Main Street. I find it repugnant.

#76 crowdedelevatorfartz on 08.18.21 at 6:53 pm

@#53 Massive Liberal
“Justin has your back and always will.”

++++

That’s what we’re worried about.

#77 barnz0rz on 08.18.21 at 6:57 pm

Not to mention that increased shipping costs around the world are about to catch up and send inflation into nuclear mode. Do you know what it costs to ship a container from Asia right now??? $15 – 25K! It was less than half that 6 months ago.

#78 crowdedelevatorfartz on 08.18.21 at 6:57 pm

@#68 Ponzie Ponzie Ponzie

A CBC interview?
You are kidding right?

NO ONE absolutely NO ONE I spoke with before, during and after the Nova Scotia election mentioned “Healthcare” or the Cons…
It was all anti Liberal….

The anti vote.
Coming to a democracy near you.

#79 cuke and tomato picker on 08.18.21 at 7:00 pm

Doug T no hardship for us we have been eating wieners and beans from childhood.

#80 KLNR on 08.18.21 at 7:02 pm

@#48 The Devil’s Apricot on 08.18.21 at 5:23 pm
#13 Basil Exposition on 08.18.21 at 4:01 pm

Mr. Socks is very good at playing the role of Prime Minister. He is the façade behind which hides the same corrupt cabal that nearly destroyed Ontario’s finances. Will the electorate wise up and recognize the lower standard of living they will inflict on their kids and send these ideologues packing? I sure hope so.

Major General Dany Fortin is now fighting for his career and reputation in a Quebec court. An example of what happens to honourable people when they cross paths with dishonourable politicians. There is a Go-fund-me page set up to assist his legal defense. I donated in gratitude for his service to our nation.

__________________________

How do you know he is honourable? Which dishonourable politicians? What about the claims made against him? Just saying!

if the guy wasn’t a total dirtbag he wouldn’t be fighting for his career.

#81 Faron on 08.18.21 at 7:16 pm

#66 Market Red on 08.18.21 at 6:16 pm

No. Maybe a contributing factor for negative sentiment, but there are a milliin and one such factors. Why else would the market wait until 3PM to really start selling unless if there was a structural weakness? Why does the same thing happen every month?

#82 X on 08.18.21 at 7:19 pm

As screwed up as our housing is with the Liberals, not convinced the Conservatives and 40 year mortgages is the answer either. The NDP are’t even a choice imo.

#83 KLNR on 08.18.21 at 7:21 pm

eesh, this current incarnation of the conservatives is closer to a traditional liberal party and the current libs are trying hard to be layton’s ndp.

dippers and peoples party way off in the woods as usual.

PCs get it. Fiscally conservative. Socially progressive. – Garth

#84 Diamond Dave on 08.18.21 at 7:30 pm

I’m 44 years old……

And I just got a text from my stepfather:

“ Hi, How’s it going? Your mom is applying for CPP, and apparently she can boost her pension a bit because of changes made from the time she was getting the Child Allowance to now. She needs your social insurance number to claim the benefit. ”

My response:

“My god.

Justin is giving out 26 – year retroactive child care benefits ?

I can’t in good conscience, support such fiscal irresponsibility. Sorry.

Perhaps if you two can promise to vote conservative in a few weeks, I would consider it a good cause.”

Dog help us all.

#85 KLNR on 08.18.21 at 7:33 pm

@#83 KLNR on 08.18.21 at 7:21 pm
eesh, this current incarnation of the conservatives is closer to a traditional liberal party and the current libs are trying hard to be layton’s ndp.

dippers and peoples party way off in the woods as usual.

PCs get it. Fiscally conservative. Socially progressive. – Garth

we desperately need a PC party right now.

#86 Same thing every month on 08.18.21 at 7:33 pm

#81 Faron “Why does the same thing happen every month?”

hahahahahaha Where’s your yacht docked?

#87 Dave on 08.18.21 at 7:39 pm

Money supply can keep rising as needed…government uses emergency funds. 5 years ago the debt was too high and 5 years into the future today will seem like no big deal.

Business as usual….real estate will rise once again…wait till the borders open up. Buying frenzy!!!

#88 Kurt on 08.18.21 at 7:51 pm

#71 Do we have all the facts

Dear god, relevant comment about core issues! Your kind is not welcome here! ;)

I have little hope that there will be serious debate or any resolution. The public has been told they can have low taxes and high levels of service at the same time and will punish any leader who tells them otherwise. We will not come to any resolution or process that resolves those questions before the economic damage is so great that the county risks going bankrupt. The reason is, well, you and I don’t need to look in the mirror but a hell of a lot of other people do.

#89 Kurt on 08.18.21 at 7:55 pm

Garth, I am a bit confused:

“PCs get it. Fiscally conservative. Socially progressive. – Garth”

By PC, do you mean Progressive Conservative? I thought the Federal Progress Conservatives were gone, replaced by the Conservative Party of Canada, a very different beast incorporating (but not exclusively) the worst of Western reactionaries. Can you please clarify?

#90 Reality is stark on 08.18.21 at 7:58 pm

You mean you have to pay for all this debt?
I thought it was free?
Oh well. It’s only taxes, which build wealth, and make goods more affordable. Goods that are increasing in price.
Pandemics are yuge drivers of an economy so it is always wise to pay 40% more for an already overpriced asset.
Basic economics. Borrow your way to prosperity. No risk strategy.

#91 PBrasseur on 08.18.21 at 7:59 pm

So Garth how do you like your Biden so far?

Not better on Covid. Gigantic Mess at the border. Violence in the cities. Killing local g&oil and then beg OPEP to produce more. The Talibans… And just getting started!

Wasn’t it worth enduring a few inept comments from Trump.

#92 Yuus bin Haad on 08.18.21 at 8:07 pm

The over/under on stagflation is now GDP

#93 MT on 08.18.21 at 8:09 pm

***Apparently the liberals in NS got their rear end handed to them.***

Yup. Now NS is not important federally – except perhaps, this year, as a bellwether. If people HERE are this pissed off, we’ll see what the rest of the country thinks and whether Justin has bitten off more than he bargained for.

#94 crowdedelevatorfartz on 08.18.21 at 8:12 pm

@#83 KLNR
“eesh, this current incarnation of the conservatives is closer to a traditional liberal party and the current libs are trying hard to be layton’s ndp.”

+++++

Well.
If the Libs have morphed into NDP spendthrift wastrels and the NDP have morphed into Communist confiscators…..

Why wouldnt the Conservatives become more liberal?

#95 oops on 08.18.21 at 8:16 pm

We’re in the internet age. Studied info is at our fingertips…if you’re not too lazy to look for it. Comments spewing info I just read from the Weathernetwork does not make them anything. Perhaps this blog should have a red button for that

#96 Ponzius Pilatus on 08.18.21 at 8:16 pm

Hey Sailo,
I know you were a soldier in the US Army.
How do you feel about the waste of 20 years, 2.T and 5,200 casualties?

#97 Lorne on 08.18.21 at 8:22 pm

#64 Nonplused on 08.18.21 at 6:09 pm
#118 Lorne on 08.18.21 at 11:26 am

“Why “first past the post” should be replaced by proportional representation where people do not have to strategically vote. Perhaps Trudeau will actually follow through on his promise of 2 elections ago….unlikely.”
……….

Whom, exactly, shall we elect using proportional representation? Canada doesn’t have a president. Elections are done at the riding level and we elect MP’s. I don’t see how that could be improved with something called “proportional representation”.

Even in the US, the position of president is the only elected office that is voted on nation wide, but it is based on congress seats not “proportional representation”.
……
Neither the USA or Canada utilizes proportional representation…to their/our detriment, imo. The US system is even more ridiculous than ours and also needs to be revamped. What is wrong with voting for the party you really believe in and taking the proportionate number of seats based on the proportion of the vote your party receives. I do not understand why anyone can say this is unfair….but becoming a dictatorial party with 37% of the vote is just fine?????

#98 Hookshott on 08.18.21 at 8:24 pm

#85 KLNR on 08.18.21 at 7:33 pm
@#83 KLNR on 08.18.21 at 7:21 pm
eesh, this current incarnation of the conservatives is closer to a traditional liberal party and the current libs are trying hard to be layton’s ndp.

dippers and peoples party way off in the woods as usual.

PCs get it. Fiscally conservative. Socially progressive. – Garth

we desperately need a PC party right now.
……….
We desperately must avoid a PC government at any time.

#99 Ponzius Pilatus on 08.18.21 at 8:28 pm

89 Kurt on 08.18.21 at 7:55 pm
Garth, I am a bit confused:

“PCs get it. Fiscally conservative. Socially progressive. – Garth”

By PC, do you mean Progressive Conservative? I thought the Federal Progress Conservatives were gone, replaced by the Conservative Party of Canada, a very different beast incorporating (but not exclusively) the worst of Western reactionaries. Can you please clarify?
————-
Yeah, I know it’s confusing.
But I’m sure CEF has the answer.

#100 crowdedelevatorfartz on 08.18.21 at 8:39 pm

@#90 PBrasseur
“Not better on Covid. Gigantic Mess at the border. Violence in the cities. Killing local g&oil and then beg OPEP to produce more. The Talibans… And just getting started!

Wasn’t it worth enduring a few inept comments from Trump.”

++++

Covid is spreading because Trump did NOTHING while he was President except speculate on Bleach Injections…and his followers believed his BS.
Their mistake. Not Bidens.

The “Mess” at the border may be due to Trumps “wall” not being built.

Oil and Gas ( Fracking?) poisoning the planets drinking water and everything is going electric…. let OPEC drink their own oil when the water runs out :)

As for the Taliban….the Afghan people have had 20 years of American gold and guts to teach them how to run THEIR country….if they squandered that…so be it……we’ll let the Taliban atrocities speak for themselves

And yes.
Trump is still an idiot

#101 Albertaguy in AB on 08.18.21 at 8:41 pm

#49 Doug t on 08.18.21 at 5:25 pm
– you better stock up on beans and wieners? luxury!

https://www.youtube.com/watch?v=kCT6ZmgbTSQ

#102 Double negative on 08.18.21 at 8:57 pm

#80 KLNR on 08.18.21 at 7:02 pm
@#48 The Devil’s Apricot on 08.18.21 at 5:23 pm
#13 Basil Exposition on 08.18.21 at 4:01 pm

Mr. Socks is very good at playing the role of Prime Minister. He is the façade behind which hides the same corrupt cabal that nearly destroyed Ontario’s finances. Will the electorate wise up and recognize the lower standard of living they will inflict on their kids and send these ideologues packing? I sure hope so.

Major General Dany Fortin is now fighting for his career and reputation in a Quebec court. An example of what happens to honourable people when they cross paths with dishonourable politicians. There is a Go-fund-me page set up to assist his legal defense. I donated in gratitude for his service to our nation.

__________________________

How do you know he is honourable? Which dishonourable politicians? What about the claims made against him? Just saying!

if the guy wasn’t a total dirtbag he wouldn’t be fighting for his career.

__________________________________

So if I understand what you just said ….

“if the guy was a total dirtbag he would be fighting for his career.”

That’s what I’m saying …..

#103 Wrk.dover on 08.18.21 at 8:58 pm

Lots of hysteria here tonight.

Every night.

good night Garth!

#104 Drinking on 08.18.21 at 9:00 pm

#6 Lewdicrus

Shh, you are making too much sense. The truth will come out; hopefully after this election. Stay safe!

#105 Sail Away on 08.18.21 at 9:16 pm

#100 crowdedelevatorfartz on 08.18.21 at 8:39 pm

Covid is spreading because Trump did NOTHING while he was President

———-

Trump has not been president for 8 months. At some point you will need to move on.

#106 45north on 08.18.21 at 9:20 pm

Canadian inflation last month was 3.7%, the highest in 20 years. By a lot. It’s the fourth monthly hike. It puts the cost-of-living number above the max set by the Bank of Canada. It makes borrowing mortgage money at 1.6% a no-brainer and shows people buying GICs need help. It paves the way (if these numbers hold until the end of the year) for higher interest rates. And it’s underscoring an incredible problem in the housing sector – especially among a key cohort of Liberal voters. Yes, Millennials. Urban ones.

The Federal Government has caused inflation by pouring money into the economy. The value of assets goes up but so does the cost of living. Pierre Poiliève says that the rich get richer and the poor get poorer. The concentration of wealth is deliberate government policy. It’s the height of hypocrisy to pump money into the economy and at the same time to claim to care about social justice.

As far as the incredible problem of urban millennials not being able to afford a house, there’s no easy way out. The federal government has huge influence over the housing market in three ways: control of interest rates, control of CMHC regulations and buying mortgage-backed bonds from the banks. Nobody has argued these three points. The government could reduce the cost of housing. The problem is there’s no guarantee that the cost will go down a measured amount.

#107 Quintilian on 08.18.21 at 9:45 pm

For the RE pumpers:

Yes, the inflationary monetary policy could be used as a tag line for your sales pitch.

But that will fuel a speedier trip to the cliff.

First comes inflation, followed by an awareness of reduced purchasing power, followed by reduction of consumption, followed by layoffs.
At the same time, aggressive rising interest because the egg heads at the Central Bank took too long to act.

Real estate crash!

Tick Tock, Tick Tock

#108 Ponzius Pilatus on 08.18.21 at 9:49 pm

Jt is focusing on the the environment.
Fighting the fires, is first and for most.
He’ll provide training for 1,000 firefighters.
Next we need funds for firefighting aircrafts and equipment.
The new jobs are in saving the planet.
How do wo we pay for all this?
Tax on polluting F-150s and other gas guzzlers.

#109 DON on 08.18.21 at 9:50 pm

Election issue. 3.7 inflation and child care

Obviously Trudeau knew about the looming inflation scenario. How many mills are really paying attention? The older folks got a raise, temporary but enough to retain or attract voters. The mills care more about climate and out of pocket child care costs. At this point most are concerned with affordability. Inflation can be blamed on Covid. How will this affordability issue play out?

Still a horse race.

As for Nova Scotia the Libs were overdue…way past their best due date.

Mr. OToole calls for more military assistance. ok…but it is already ocurring thank you for the ad on. Nice try though, how about asking for donations for those folks who lost everything under unfortunate circumstances…like some real leadership – Trudeau included. Meahwhile, the residents of the Lytton fire are suing the rail road for sparking the fire. Pledge to help them and out flank the liberals and be seen as defending the common folk.

If the Conservatives do not come out with a viable plan in terms of climate that may become a hard negative in light of what has been experienced both globally and locally in this year alone.

A BC milk farmer and some waterfront home owners are challenging the wild fire response. FFS! You live in are remote treed area that is hot every summer. Blame forest pratices. If they did they would be criticizing their own politicos mismanagement from years past. People are too entitled in their own heads…nature should be better to them???. From what I see on the horizon things are not looking that certain when it comes to the global recovery. Perhaps it is just a small blip.

I do like OToole’s new ad…just popped up on TV.

Now if that were Garth instead of OToole instant vote. MSU for a longer post.

Doesn’t really matter who gets in, tough love is coming at some point. Mileage will vary.

#110 Doug in London on 08.18.21 at 9:52 pm

PCs get it. Fiscally conservative. Socially progressive. – Garth.
—————————————————————–
I quite agree, but that’s the Conservative party of the past with Joe Clark, Brian Mulroney, Ralph Klein, and Bill Davis. They’re quite different from the so called Conservatives of now. We desperately need the true leadership we had in the old Progressive Conservative party.

#111 Sail Away on 08.18.21 at 9:56 pm

#96 Ponzius Pilatus on 08.18.21 at 8:16 pm

Hey Sailo,
I know you were a soldier in the US Army.
How do you feel about the waste of 20 years, 2.T and 5,200 casualties?

———

Not my concern

#112 OK, Doomer on 08.18.21 at 9:57 pm

#16 Millennial 1%er on 08.18.21 at 4:03 pm
The same millennial that will be forever renters were the same ones who voted for Trudeau based on his woke talking points.

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

Amazing…. something that M1 and I finally agree on.

M1 must have added a kid to that 2.3 Labrador Retriever woke-family. Finally thinking like a grown-up. Welcome to adulthood. Newsflash…. it’s tough being completely and inescapably responsible for another human life.

#113 DON on 08.18.21 at 10:01 pm

#105 Sail Away on 08.18.21 at 9:16 pm
#100 crowdedelevatorfartz on 08.18.21 at 8:39 pm

Covid is spreading because Trump did NOTHING while he was President

———-

Trump has not been president for 8 months. At some point you will need to move on.

********

This one is worth remembering. No need to change the channel too quickly.

#114 crowdedelevatorfartz on 08.18.21 at 10:04 pm

@#105 Sail Away
“Trump has not been president for 8 months. At some point you will need to move on.”
++++

Covid has been around for 20 months……12 of those under El Idioto’s watch.

Or did you forget that part .

https://www.nbcnews.com/politics/donald-trump/trump-suggests-injection-disinfectant-beat-coronavirus-clean-lungs-n1191216

Biden is dealing with the aftermath of Trump’s lunacy.

#115 crowdedelevatorfartz on 08.18.21 at 10:06 pm

@#105 Sail Away
“Trump has not been president for 8 months. At some point you will need to move on.”

+++

Perhaps you could tell the “truthers” that Trump actually lost the election?

#116 The joy of steerage on 08.18.21 at 10:14 pm

#110 Doug in London on 08.18.21 at 9:52 pm
PCs get it. Fiscally conservative. Socially progressive. – Garth.
—————————————————————–
I quite agree, but that’s the Conservative party of the past with Joe Clark, Brian Mulroney, Ralph Klein, and Bill Davis. They’re quite different from the so called Conservatives of now. We desperately need the true leadership we had in the old Progressive Conservative party.

They went extinct…for better or worse…

#117 KLNR on 08.18.21 at 10:15 pm

@#91 PBrasseur on 08.18.21 at 7:59 pm
So Garth how do you like your Biden so far?

Not better on Covid. Gigantic Mess at the border. Violence in the cities. Killing local g&oil and then beg OPEP to produce more. The Talibans… And just getting started!

Wasn’t it worth enduring a few inept comments from Trump.

lol, move on already.

#118 Planetgoofy on 08.18.21 at 10:39 pm

OK from prior post Im behind
#135 James on 08.18.21 at 3:48 pm
#119 crowdedelevatorfartz on 08.18.21 at 11:33 am

@#107 Nova Scotia is Toast
“Oh my. Electing a denialist conservative govt at times of global environment crisis. Not a good move.”
++++
___________________________________________
China is a MASSIVE polluter and is not a third world country so with all of their stolen technologies from the west they should be able to transition from coal to a green solution. After all don’t they build solar panels? Well at least once the smoke clears from their sky they should work.
—————————————————
LOL
These A holes care about one thing. Global power and taking over.
Coal is DIRT cheap source of energy.
We buy all their garbage quality crap because it comes down to…YOU CAN’T afford quality anymore. Slave labour bla bla bla. No Labour laws enviro laws…NOTHING. ABORT THIS CRAP if you can but your already trapped.
If they built stuff like the 60s 70s you would shit on how much it cost…. but it would last decades.
Just like that 35 year old working fridge you had.
Its all part of the plan my man.

#119 When Will They Raise Rates? on 08.18.21 at 10:41 pm

DELETED

#120 Faron on 08.18.21 at 10:48 pm

#86 Same thing every month on 08.18.21 at 7:33 pm
#81 Faron “Why does the same thing happen every month?”

hahahahahaha Where’s your yacht docked?

My yacht is about an 8km bike ride from my house.

You don’t have to take my word for it, just have a look at the S and P. Dips I refer to are obvious. I use this information to hedge, not looking to hit home runs.

#121 YVR 60% Crash on 08.18.21 at 11:07 pm

#68 Ponzius Pilatus on 08.18.21 at 6:23 pm

During the campaign, Tory Leader Tim Houston unveiled a “LEFT LEANING PLATFORM”, that promised hundreds of millions of dollars in the first year of the party’s mandate to increase the number of family doctors, bolster the mental health system and create more nursing home beds.
——————-

WT F?

#122 Ponzius Pilatus on 08.18.21 at 11:08 pm

The world is burning.
And it’s burning exponentially.
Don’t know what that means?
Think about a snowball rolling down a hill.
It’s very small at the beginning, and then it goes faster and becomes bigger and bigger, until it becomes unstoppable.
And the really scary part is, no one knows at what point on the hill the snowball is right now.

#123 Phylis on 08.18.21 at 11:13 pm

Go Bubble Go! Americas love the wave, never thought I would cheer it on here. Oh dear. Forgive me.

#124 Phylis on 08.18.21 at 11:18 pm

Oh, and I held back my own deleted comment about voting for that nasty man child.

#125 DON on 08.18.21 at 11:19 pm

@JAG

I would add Ronaldo to the list and Russ as well.

My heart and soul lives in Qualicum. Lots of retired sensible boomers and older from all Provinces in that town. They have a local group that watches and calls out the local gov when they start to play games. LMAO…love it, they have the time and patience and are not shy to wag a finger or two. They have a bad problem with property theft, they pray on the older people.

#126 DON on 08.18.21 at 11:27 pm

#122 Ponzius Pilatus on 08.18.21 at 11:08 pm
The world is burning.

******

“The time has come
To say fair’s fair
To pay the rent now
To pay our share…dum dum dummm

How can we dance
When our earth is turning
How do we sleep
While our beds are burning”

Couldn’t resist.

#127 Icarus on 08.18.21 at 11:38 pm

#122 Ponzius Pilatus on 08.18.21 at 11:08 pm

The world is burning.
And it’s burning exponentially.
Don’t know what that means?
Think about a snowball rolling down a hill.
It’s very small at the beginning, and then it goes faster and becomes bigger and bigger, until it becomes unstoppable.
And the really scary part is, no one knows at what point on the hill the snowball is right now.
______________________________

Wait … weren’t we in the middle of global warming? … and you want me to worry about a snowball?

Is it any wonder we have climate change deniers … with all these half-baked stories like this!

#128 Emoji Queen on 08.18.21 at 11:52 pm

“You’ll forgive me if I don’t think about monetary policy.”

Or put another way … “I have no idea about what I am talking about. I usually let Crystia do the heavy lifting with these types of questions. She’s the financial genius between us, especially when Sophie’s not around.

In fact, ever since I said the budget will balance itself, my handlers don’t allow me to respond to such questions. They prefer that I only respond when I can use annoyingly woke terms like “she-cession” and “she-covery! “” You know, the ones that millenials love and mop up nearly as much as overpriced real-estate!”

#129 When Will They Raise Rates? on 08.19.21 at 12:05 am

#113 DON on 08.18.21 at 10:01 pm

#105 Sail Away on 08.18.21 at 9:16 pm
#100 crowdedelevatorfartz on 08.18.21 at 8:39 pm

Covid is spreading because Trump did NOTHING while he was President

———-

Trump has not been president for 8 months. At some point you will need to move on.

********

This one is worth remembering. No need to change the channel too quickly.

——————————-

He was called a xenophobe by the left and the MSM (same thing) for halting flights from China, while Trudeau allowed flights from China and elsewhere to continue unabated, citing “travelers’ rights”.

I also seem to recall operation warp speed, without which, 80% of Canadias wouldn’t be vaccinated today.

Just saying…

#130 Karl hungus on 08.19.21 at 12:17 am

Money supply is one thing, but a better predictor of inflation is capacity utilization

#131 Nonplused on 08.19.21 at 12:44 am

#108 Ponzius Pilatus on 08.18.21 at 9:49 pm
Jt is focusing on the the environment.
Fighting the fires, is first and for most.
He’ll provide training for 1,000 firefighters.
Next we need funds for firefighting aircrafts and equipment.
The new jobs are in saving the planet.
How do wo we pay for all this?
Tax on polluting F-150s and other gas guzzlers.

———————————–

The new F-150’s get pretty good mileage. (They have a hybrid option that gets 30 mpg, and is available with a snazzy 7.5 kw inverter for the RV’ers out there.) They also have an all electric F-150 available next year (maybe) which you can order now. (Also with an inverter.) The “Lightning” (the electric F150) is no more polluting than a Tesla. Which doesn’t say much when you consider charging requirements and lithium mining. Makes the oil sands look like a reclamation project.

Also I am not sure you aren’t suffering from the same ideas that made you propose a “plumber’s tax” on this issue. Large vehicles already pay a tax. And then when you go to fill them up, because they use more gasoline you pay more road tax, carbon tax, and HST.

What we really need is a road tax on bicycles to pay for all the bike lanes they keep building everywhere. Those things aren’t free and they use a lot of asphalt (an oil byproduct). Here in Calgary they even clear the snow off some of the bike paths in the winter. Who is paying for that? I don’t think it is the bicyclists.

#132 Nonplused on 08.19.21 at 12:56 am

#97 Lorne on 08.18.21 at 8:22 pm
#64 Nonplused on 08.18.21 at 6:09 pm
#118 Lorne on 08.18.21 at 11:26 am

“Why “first past the post” should be replaced by proportional representation where people do not have to strategically vote. Perhaps Trudeau will actually follow through on his promise of 2 elections ago….unlikely.”
……….

Whom, exactly, shall we elect using proportional representation? Canada doesn’t have a president. Elections are done at the riding level and we elect MP’s. I don’t see how that could be improved with something called “proportional representation”.

Even in the US, the position of president is the only elected office that is voted on nation wide, but it is based on congress seats not “proportional representation”.
……
Neither the USA or Canada utilizes proportional representation…to their/our detriment, imo. The US system is even more ridiculous than ours and also needs to be revamped. What is wrong with voting for the party you really believe in and taking the proportionate number of seats based on the proportion of the vote your party receives. I do not understand why anyone can say this is unfair….but becoming a dictatorial party with 37% of the vote is just fine?????

—————————————

Ok, then, saying we have “proportional voting” and Trudeau gets 37% again. Does that mean 37% of the seats in Alberta go to Liberals even though not one of them would win their riding? And which Liberals over which others? And who says 37% wouldn’t still win with our 3 or 4 or 5 party system depending on how you want to count it?

No, I think Albertans would rather chose their own representatives rather than have them somehow allocated by a country wide proportional vote.

Like the tax system, the electoral system is probably working as close to “good” as it can be made. If we try and make it perfect, we’re going to screw it up big time. “The perfect is the enemy of the good.”

I am sorry to say, as many faults as our election system has, I haven’t heard any ideas that wouldn’t be worse.

#133 Nonplused on 08.19.21 at 1:01 am

#84 Diamond Dave on 08.18.21 at 7:30 pm
I’m 44 years old……

And I just got a text from my stepfather:

“ Hi, How’s it going? Your mom is applying for CPP, and apparently she can boost her pension a bit because of changes made from the time she was getting the Child Allowance to now. She needs your social insurance number to claim the benefit. ”

My response:

“My god.

Justin is giving out 26 – year retroactive child care benefits ?

I can’t in good conscience, support such fiscal irresponsibility. Sorry.

Perhaps if you two can promise to vote conservative in a few weeks, I would consider it a good cause.”

Dog help us all.

————————————

You are 44 and you don’t know that you never give your social security number to anyone besides RevCan and the bank? I’m not sure what your stepfather is up to but I’d tell him to go pound sand.

#134 Diamond Dog on 08.19.21 at 2:19 am

Regarding that money supply chart:

https://tradingeconomics.com/canada/money-supply-m2

The above link is the chart of Canada’s true money supply. Go to the Max chart above for a tell all. And, for those who wish to acquaint themselves with the M1, M2 and M3 definitions of Canada’s money supply:

http://www.canadabanks.net/default.aspx?article=Money+Supply#:~:text=The%20amount%20of%20money%20circulating%20in%20the%20Canadian,circulation%20plus%20demand%20deposits%20held%20with%20commercial%20banks.

George’s chart is fiction, a Hollywood Frankenstein creation. I suggest we have some water, take a knee and try again. (insert appropriate emoji)

On that note, in the interest of wealth creation/preservation and financial literacy, the interview from the link below is one that I like. It touches the bases of inflation/deflation, money supply and the stock market risk of a crash up (stock values go up nominally but currency crashes and in the end the investor is poorer), all subjects of financial interest in these anything but normal times:

https://www.youtube.com/watch?v=fc5o4KzfipY&t=308s

#135 Robert Ash on 08.19.21 at 4:06 am

The irony is the Fiscal Irresponsibility of the LPC, will actually bite a lot of Civil servants. The losses can only be put off for so long, and then, Muni, Provincial, Fed, levels, will also be forced to downsize.

#136 ritenote on 08.19.21 at 7:59 am

#84 Diamond Dave on 08.18.21 at 7:30 pm
I’m 44 years old……

And I just got a text from my stepfather:

“ Hi, How’s it going? Your mom is applying for CPP, and apparently she can boost her pension a bit because of changes made from the time she was getting the Child Allowance to now. She needs your social insurance number to claim the benefit. ”

My response:

“My god.

Justin is giving out 26 – year retroactive child care benefits ?

I can’t in good conscience, support such fiscal irresponsibility. Sorry.

Perhaps if you two can promise to vote conservative in a few weeks, I would consider it a good cause.”

Dog help us all.
****************************************
This is all above board. CPP has finally caught up with the reality for women and provides benefits for a portion of the years your mother spent rearing you….I think she deserves it…don’t you? (Check the Gov’t of Canada site if you don’t believe me…).

“Do you qualify for child-rearing provisions
Child-rearing provisions may apply to you if:

you had children born after December 31, 1958
you had lower earnings because you were the *primary caregiver of a dependent child under the age of 7
You or your spouse or common-law partner received Family Allowance payments or qualified for the Canada Child Benefit (even if you did not receive the benefit)
*The primary caregiver is the person who was most responsible for the day-to-day needs of the children for the specified periods.”

#137 figures lie liars figure on 08.19.21 at 8:20 am

Those with big mortgages, debts and expensive houses need alot of help. They are in trouble. They are going to and already faced high property tax bills, utility, garbage, water, gas, electricity, insurance bills etc. We are both retired since 2019 and have cut all our expenses from housing to vehicles to everything. They have been lying about inflation rates for decades.

Our expenses are now cut so much as we can live off all the $30,000 a year and still have a fulfilling, decent life. They screwed up big time with the lockdowns, pandemic crap because it finally showed most people you can really live on alot less stuff you don’t need.

We have GIC’s, term deposits that we keep saving and adding to. We have $57,000 more in GIC’s, term deposits since we retired in 2019 and we keep adding weekly to our bank accounts for future purchases. We can easily keep it going with current 2.1% to 2.3% GIC, term deposit rates.

#138 TurnerNation on 08.19.21 at 8:31 am

By 2022 we will be Cuba:
– Lifetime family dictatorship
– Severe travel restrictions on residents
– UBI will be required – due to ongoing economic lockdowns and lack of jobs for immigrants
– Bank of Canada E-currency will be our new Convertable Peso. To pay for the UBI natch.

—-
-New Economic Lockdowns in Kanada. NZ and Australia are the test zones – as people have opined.
It’s now here.

https://globalnews.ca/news/8116675/nwt-covid-19-lockdown/
“The Northwest Territories is mandating masks, banning gatherings and closing non-essential businesses in two communities where COVID-19 cases have been identified.
There was one confirmed case and 15 probable cases Monday in Fort Good Hope, a community of about 600 people.”


— How’s the “Hospital Capacity” looking guys? The never-used field hospitals in Toronto, Hamilton, Vancouver were torn down. 10s of millions of dollars…gone.

https://globalnews.ca/video/8121110/trudeau-canada-will-accept-as-many-afghan-refugees-as-possible
“Trudeau: Canada will accept as many Afghan refugees as possible
Responding to the dire situation in Afghanistan, Liberal leader Justin Trudeau says Canada will accept as many Afghan refugees as possible, as thousands try to flee the country”

#139 ImGonnaBeSick on 08.19.21 at 9:09 am

#132 Nonplused on 08.19.21 at 12:56 am
#97 Lorne on 08.18.21 at 8:22 pm
#64 Nonplused on 08.18.21 at 6:09 pm
#118 Lorne on 08.18.21 at 11:26 am

“Why “first past the post” should be replaced by proportional representation where people do not have to strategically vote. Perhaps Trudeau will actually follow through on his promise of 2 elections ago….unlikely.”
……….

Whom, exactly, shall we elect using proportional representation? Canada doesn’t have a president. Elections are done at the riding level and we elect MP’s. I don’t see how that could be improved with something called “proportional representation”.

Even in the US, the position of president is the only elected office that is voted on nation wide, but it is based on congress seats not “proportional representation”.
……
Neither the USA or Canada utilizes proportional representation…to their/our detriment, imo. The US system is even more ridiculous than ours and also needs to be revamped. What is wrong with voting for the party you really believe in and taking the proportionate number of seats based on the proportion of the vote your party receives. I do not understand why anyone can say this is unfair….but becoming a dictatorial party with 37% of the vote is just fine?????

—————————————

Ok, then, saying we have “proportional voting” and Trudeau gets 37% again. Does that mean 37% of the seats in Alberta go to Liberals even though not one of them would win their riding? And which Liberals over which others? And who says 37% wouldn’t still win with our 3 or 4 or 5 party system depending on how you want to count it?

No, I think Albertans would rather chose their own representatives rather than have them somehow allocated by a country wide proportional vote.

Like the tax system, the electoral system is probably working as close to “good” as it can be made. If we try and make it perfect, we’re going to screw it up big time. “The perfect is the enemy of the good.”

I am sorry to say, as many faults as our election system has, I haven’t heard any ideas that wouldn’t be worse.

—-

Term limits and removing the whip…

#140 Earlybird on 08.19.21 at 9:28 am

Omg, aren’t you a gem of a child….your own mother!? How very sad…..

I’m 44 years old……

And I just got a text from my stepfather:

“ Hi, How’s it going? Your mom is applying for CPP, and apparently she can boost her pension a bit because of changes made from the time she was getting the Child Allowance to now. She needs your social insurance number to claim the benefit. ”

My response:

“My god.

Justin is giving out 26 – year retroactive child care benefits ?

I can’t in good conscience, support such fiscal irresponsibility. Sorry.

Perhaps if you two can promise to vote conservative in a few weeks, I would consider it a good cause.”

Dog help us all.

#141 IHCTD9 on 08.19.21 at 9:29 am

#136 ritenote on 08.19.21 at 7:59 am

“Do you qualify for child-rearing provisions
Child-rearing provisions may apply to you if:

you had children born after December 31, 1958
you had lower earnings because you were the *primary caregiver of a dependent child under the age of 7
You or your spouse or common-law partner received Family Allowance payments or qualified for the Canada Child Benefit (even if you did not receive the benefit)
*The primary caregiver is the person who was most responsible for the day-to-day needs of the children for the specified periods.”
____

Sweet! More Trudeau buck headed my way!

#142 shortymac on 08.19.21 at 9:32 am

I think that JT is going now while things still look somewhat rosy before we hit the 4th wave in the fall when more companies and schools go back to in person.

While we won’t be as bad as the US, these variants are no joke and we’re going to have outbreaks over the next year. The 1918 spanish flu took about 3 years to fully work itself out and that was before modern travel.

#143 SunShowers on 08.19.21 at 9:40 am

Inflation causing national calamity and devaluing the currency is largely an urban legend for the same reason don’t you ever hear about billionaires converting portions of their fortunes to physical bills and lighting them on fire to reduce the money supply and inflate the value of the money they still have.

Inflationary/deflationary pressures, for the most part, are significantly weaker than the physical currency that causes them.

#144 Old Ron on 08.19.21 at 9:46 am

Old Ron makes the call : August 19, 2021. Conservative minority. Erin Michael O’toole becomes the countries 24th PM.

#145 RE_Investor on 08.19.21 at 9:52 am

Depending on your entry date(s) for GTA Real Estate, rental properties purchased with minimal leverage or NONE, are one of the best hedges against inflationary concerns.

Your responsibilities are to ensure:
1.) property is 100% safe and protected.
2.) Very minimal leverage used. This is possible.
3.) tenants fully vetted and confirmed for finances.
4.) air tight Ontario lease agreement signed.

After you get your tenant(s), just sit back and look long term at your investment and +ve cash flow. Ignore the daily noise about RE crashes or corrections. If you do it right, your initial investment in your property will be 100% paid by the rental income. Then it becomes fun as the cash continues to roll in.

I have invested in many different financial assets. Real Estate for me tops all of them. Sure there is maintenance issues, but so what, no investment management costs nothing.

Good luck folks!
Ignore all the doom and gloom.

#146 Greg on 08.19.21 at 9:57 am

If there is no electricity as we become more and more like a third world country your e money, e currency will not be able to function. I think the key is the grid failure will make this very difficult to be able to go forward.
Batteries are not very effective and are very expensive to maintain. Good luck going forward as a functioning society.

#147 Looking up on 08.19.21 at 10:00 am

#140 Earlybird on 08.19.21 at 9:28 am
Omg, aren’t you a gem of a child….your own mother!? How very sad…..

I’m 44 years old……

And I just got a text from my stepfather:

“ Hi, How’s it going? Your mom is applying for CPP, and apparently she can boost her pension a bit because of changes made from the time she was getting the Child Allowance to now. She needs your social insurance number to claim the benefit. ”

My response:

“My god.

Justin is giving out 26 – year retroactive child care benefits ?

I can’t in good conscience, support such fiscal irresponsibility. Sorry.

Perhaps if you two can promise to vote conservative in a few weeks, I would consider it a good cause.”

Dog help us all.

———-

You’re blaming Justin for a fishing text you got for your Social Insurance Number? If you made the mistake of giving it to your “step father” then you’re the one who’s going to need help.

#148 Penny Henny on 08.19.21 at 10:05 am

#136 ritenote on 08.19.21 at 7:59 am
#84 Diamond Dave on 08.18.21 at 7:30 pm
I’m 44 years old……

And I just got a text from my stepfather:

“ Hi, How’s it going? Your mom is applying for CPP, and apparently she can boost her pension a bit because of changes made from the time she was getting the Child Allowance to now. She needs your social insurance number to claim the benefit. ”

My response:

“My god.

Justin is giving out 26 – year retroactive child care benefits ?

I can’t in good conscience, support such fiscal irresponsibility. Sorry.

Perhaps if you two can promise to vote conservative in a few weeks, I would consider it a good cause.”

Dog help us all.
****************************************
This is all above board. CPP has finally caught up with the reality for women and provides benefits for a portion of the years your mother spent rearing you….I think she deserves it…don’t you? (Check the Gov’t of Canada site if you don’t believe me…).

“Do you qualify for child-rearing provisions
Child-rearing provisions may apply to you if:

you had children born after December 31, 1958
you had lower earnings because you were the *primary caregiver of a dependent child under the age of 7
You or your spouse or common-law partner received Family Allowance payments or qualified for the Canada Child Benefit (even if you did not receive the benefit)
*The primary caregiver is the person who was most responsible for the day-to-day needs of the children for the specified periods.”
//////////////

Hey Diamond Dave, do you hate your mom that much?

#149 crowdedelevatorfartz on 08.19.21 at 10:11 am

“Borrowing $424 MILLION per day….”

https://www.saltwire.com/prince-edward-island/opinion/regional-perspectives/guest-column-taxing-the-rich-is-the-trojan-horse-of-politics-100592194/

Thanks Trudeau
Thanks Freeland

A “Made in Canada She-cession…”

#150 mike from mtl on 08.19.21 at 10:14 am

Seems the Libs are taking note to have some proposal to tackle ‘housing affordability’. My guess given no party will touch the real reason (huge demand, no supply, low rates) they’ll offer grants,40-0, or some other freebies.

They’re on thin ice, the runaway housing bubble is near top issue for voters with good reason. Will be interesting to see the ‘proposals’ these geniuses come up with.

#151 Lorne on 08.19.21 at 10:23 am

#139 ImGonnaBeSick on 08.19.21 at 9:09 am
#132 Nonplused on 08.19.21 at 12:56 am
#97 Lorne on 08.18.21 at 8:22 pm
#64 Nonplused on 08.18.21 at 6:09 pm
#118 Lorne on 08.18.21 at 11:26 am

“Why “first past the post” should be replaced by proportional representation where people do not have to strategically vote. Perhaps Trudeau will actually follow through on his promise of 2 elections ago….unlikely.”
……….

Whom, exactly, shall we elect using proportional representation? Canada doesn’t have a president. Elections are done at the riding level and we elect MP’s. I don’t see how that could be improved with something called “proportional representation”.

Even in the US, the position of president is the only elected office that is voted on nation wide, but it is based on congress seats not “proportional representation”.
……
Neither the USA or Canada utilizes proportional representation…to their/our detriment, imo. The US system is even more ridiculous than ours and also needs to be revamped. What is wrong with voting for the party you really believe in and taking the proportionate number of seats based on the proportion of the vote your party receives. I do not understand why anyone can say this is unfair….but becoming a dictatorial party with 37% of the vote is just fine?????

—————————————

Ok, then, saying we have “proportional voting” and Trudeau gets 37% again. Does that mean 37% of the seats in Alberta go to Liberals even though not one of them would win their riding? And which Liberals over which others? And who says 37% wouldn’t still win with our 3 or 4 or 5 party system depending on how you want to count it?

No, I think Albertans would rather chose their own representatives rather than have them somehow allocated by a country wide proportional vote.

Like the tax system, the electoral system is probably working as close to “good” as it can be made. If we try and make it perfect, we’re going to screw it up big time. “The perfect is the enemy of the good.”

I am sorry to say, as many faults as our election system has, I haven’t heard any ideas that wouldn’t be worse.

—-

Term limits and removing the whip…

……..

Doesn’t work the way you envision. Perhaps do a little research on this For example, 40 out of 43 European countries use some form of proportional representation as opposed to the “winner take all’ system we have in place. Seems to work just fine for them!

https://www.electoral-reform.org.uk/which-european-countries-use-proportional-representation/

#152 Sara on 08.19.21 at 10:29 am

@ Earlybird, IHCTD9 and DiamondDave, regarding the CPP child rearing provision, Trudeau didn’t dream it up. It’s been in place since 1983.

“1983
On January 1, 1983, a child-rearing drop-out provision came into force. It allowed parents to eliminate from their contributory period the amount of time they stopped working or reduced their work to look after children under the age of seven. The provision ensured that they were not penalized for these periods of low earnings when their CPP benefits were calculated. It took effect when it was provincially ratified in 1983, but was applied retroactively to 1978. ”

https://www.historymuseum.ca/cmc/exhibitions/hist/pensions/cpp-a68-wcr_e.html

#153 Sara on 08.19.21 at 10:35 am

I should have said JUSTIN Trudeau didn’t dream up the CPP child care provision. His dad was PM in 1983.

Regardless, what is so horrible about ensuring parents are not penalized for “periods of low earnings when their CPP benefits were calculated”?

#154 Ponzius Pilatus on 08.19.21 at 10:40 am

#126 DON on 08.18.21 at 11:27 pm
#122 Ponzius Pilatus on 08.18.21 at 11:08 pm
The world is burning.

******

“The time has come
To say fair’s fair
To pay the rent now
To pay our share…dum dum dummm

How can we dance
When our earth is turning
How do we sleep
While our beds are burning”

Couldn’t resist.
——————
Yep,
Rock bands are always ahead of their times.
Like Bob Dylan had a song for every calamity.

#155 IHCTD9 on 08.19.21 at 10:40 am

#145 RE_Investor on 08.19.21 at 9:52 am
____

Heh, a lot of good owning a pile of RE as a hedge against inflation will do you when the BOC moves to squish it back down to 2%.

Last time the government let inflation run hot it took so many rate increases to fix it, mortgages hit 18%+. Ahh, but that’ll never happen again, right homie?

If you admit RE is a good hedge against inflation (it is), you should also understand what happens to RE when monetary policy changes to push it back down.

#156 Ponzius Pilatus on 08.19.21 at 10:48 am

#144 Old Ron on 08.19.21 at 9:46 am
Old Ron makes the call : August 19, 2021. Conservative minority. Erin Michael O’toole becomes the countries 24th PM.
——————
You’re getting old, RON.
A guy named Erin will never be elected PM.
Too much snickering behind his back.

#157 James on 08.19.21 at 11:27 am

#51 crowdedelevatorfartz on 08.18.21 at 5:27 pm

@#34 Dolce

https://twitter.com/SteveSaretsky/status/1428061525940391936

Trudeau’s reply to the Fiscal policy of the Bank of Canada,
“You’ll forgive me if I dont think about monetary policy.”

What did you expect Trudeau to say?
That question was “off script” and his ear piece wasnt working……

Mr “The Budget will balance itself” doesn’t CARE about Canada’s $1 TRILLION dollar debt.
_____________________________________________
His legacy is slowly killing us. Soon of we punt him back to Cuba where he belongs the better we will all be.

#158 Diamond Dog on 08.19.21 at 12:10 pm

#145 RE_Investor on 08.19.21 at 9:52 am

I agree. It’s the best fixed income there is and a great hedge against inflation, but you still have to be responsible enough to take care of what you’ve listed there. Entry point makes a big difference and there are very important points to know about financing and leverage. If rents more than cover the cost to own, it’s a winner.

Historically, rates have been great for minimal leverage, but this doesn’t mean to say history will repeat. Great time now though, pay the extra point for 10 year terms and ignore the noise.

That thins out the herd somewhat with those who are up for revenue properties, but it’s still a great way to build and preserve wealth. Maybe thee way like you say for some of us but revenues have to pay for themselves and the cost of leverage can go up, so entry points really matter.

#159 KLNR on 08.19.21 at 12:31 pm

@#140 Earlybird on 08.19.21 at 9:28 am
Omg, aren’t you a gem of a child….your own mother!? How very sad…..

I’m 44 years old……

And I just got a text from my stepfather:

“ Hi, How’s it going? Your mom is applying for CPP, and apparently she can boost her pension a bit because of changes made from the time she was getting the Child Allowance to now. She needs your social insurance number to claim the benefit. ”

My response:

“My god.

Justin is giving out 26 – year retroactive child care benefits ?

I can’t in good conscience, support such fiscal irresponsibility. Sorry.

Perhaps if you two can promise to vote conservative in a few weeks, I would consider it a good cause.”

Dog help us all.

dog help you.
hope you didn’t hand out that number

#160 Russ on 08.19.21 at 12:31 pm

Ponzius Pilatus on 08.19.21 at 10:48 am

#144 Old Ron on 08.19.21 at 9:46 am
Old Ron makes the call : August 19, 2021. Conservative minority. Erin Michael O’toole becomes the countries 24th PM.
——————
You’re getting old, RON.
A guy named Erin will never be elected PM.
Too much snickering behind his back.
=====================

Hey Ponz,

I thought you were proud at being detail oriented.

FYI, Ron is not RON

Don is not DON. Two different Blog Dogs, albeit both are mutts.

And the missus & I wish “Happy Anniversary to Dorothy & Garth”. 50, wow!

Cheers, R

#161 KLNR on 08.19.21 at 12:35 pm

@#150 mike from mtl on 08.19.21 at 10:14 am
Seems the Libs are taking note to have some proposal to tackle ‘housing affordability’. My guess given no party will touch the real reason (huge demand, no supply, low rates) they’ll offer grants,40-0, or some other freebies.

They’re on thin ice, the runaway housing bubble is near top issue for voters with good reason. Will be interesting to see the ‘proposals’ these geniuses come up with.

Garth was right (as usual).
folks heading back to the city in droves.
rents back up to pre-pandemic levels.
dog i’d hate to be looking for a rental right now.

#162 Barb on 08.19.21 at 12:54 pm

Now election poll workers don’t need to be vaccinated?
https://www.vernonmorningstar.com/news/elections-canada-working-to-ensure-wildfire-evacuees-can-vote-no-vaccines-required-for-poll-workers/

Should be a federal mandate.

#163 Planetgoofy on 08.19.21 at 1:03 pm

But Garth
Socks says monitary policy does not matter!??
Jesus i wish i could roll like that.
Theres a silver lining for me…I have a lot of RE…
Socks has never had to pay for anything and he pretends to care about familys? #### Him. My son and daughter inlaw just had their 1st child.
They both work and can not afford anything….thats called a familly thats screwed. I guess its up to me to pitch in and I will.
T2 your an idiot….

#164 Yuge Tesla Fan on 08.19.21 at 1:57 pm

Let’s get ready for AI day. Here’s a recap of last year:

https://www.youtube.com/watch?v=MtORoz0OOaA

Elon Musk’s (genius BTW) words are GOLD, GOOOOOLD I tell you.

https://www.youtube.com/watch?v=avvoeqDW-mY

#165 Barb on 08.19.21 at 2:23 pm

“And the missus & I wish “Happy Anniversary to Dorothy & Garth”. 50, wow!”

———————-

Happy 50th, Garth and Dorothy.

If I weren’t an agnostic, I’d say it was a match made in heaven.

#166 Frank on 08.19.21 at 3:49 pm

Hey Garth ; I’d love to see a pic of you guys from 50’years ago ; and maybe you could tell us what the DJIA was at on that day as well

#167 Nonplused on 08.19.21 at 4:04 pm

#151 Lorne on 08.19.21 at 10:23 am

I read your article, and don’t see how these various systems offer any improvements over ours. I mean, why should Alberta get a bunch of NDP representatives who didn’t get elected just because the NDP got 10% of the vote? And does it really change things since the conservatives got way more than that in Ontario?

It seems like an unnecessary complication to me that will decrease transparency and appoint a bunch of representatives that never won a riding and were just appointed by their party. Those appointed representatives are likely to be beholden to the party leader, not their constituents.

Our system, although very old, has worked pretty well for a long time. As they say, “if it ain’t broke, don’t fix it!”

#168 Midnights on 08.19.21 at 4:19 pm

Landmark Study Proves COVID Vaccines Much Less Effective Than Advertised

https://www.google.com/amp/s/www.zububrothers.com/2021/08/19/landmark-study-proves-covid-vaccines-much-less-effective-than-advertised/%3famp=1