The Bank of Covid

Lost in the fog of war (the election) was the recent choice of the Canadian CB to leave interest rates in the ditch. It means savers continue to be hammered and borrowers get a stay of execution.

The official Bank of Canada benchmark rate is a quarter of one per cent. Almost nothing. It was driven to this point by Covid, of course. Monetary authorities dropped the cost of money when troubles hit the economy in 2020, hoping you’d borrow your brains out. And, yes. You stepped up. Canadians did it. Mortgage debt shot heroically higher. We now owe more than $2 trillion. Crap houses cost a million. What patriots.

Now that the economy’s mending, the virus is (sort of) retreating and assets have inflated wildly, why do we still have stupid-low interest rates? After all, they’re murdering poor retirees who depend on safe stuff to support them, since pensions are dying.

As a Bloomberg piece points out, never in modern times have so many people been so bereft of a retirement lifeboat. Four decades ago almost half of the employed men in Canada (and 35% of women) had a DB pension spelling out years in advance what retirement benefits would be. Now little more than 20% of men (and 29% of women – who make up the bulk of public sector workers) have a defined benefit plan. Many others have glorified group RRSPs full of dodgy insurance company mutual funds, subject to both market whims and bad choices.

So what? So it’s never been more important to save and invest for your own future. And yet, it’s never been harder. Inflated real estate costs on one hand have sucked off vast amounts of family income, and low rates on the other hand mean saved money is devaluing. Inflation is 4% (officially – in reality, far higher), but bank accounts pay a quarter of one per cent. Bank GICs are not much more. Most Canadians meanwhile lack the financial literacy or the courage to have a balanced, diversified portfolio of ETFs.

First, what are the pointy heads at the central bank thinking? After all, these rates have made houses unaffordable and savers apoplectic. Why keep them?

Simple. Covid’s still here. The bankers are being cautious. They’re waiting for more jobs to be restored, plus they just got spooked by a quarterly drop in GDP when there was supposed to be growth. Nothing will change for a while, we’re told. Maybe a year. The decision has been made to let inflation run hot (tomorrow the US will announce it’s 5% there), so combined with carbon taxes and the coming April tax hikes (if you-know-who wins) more challenges await the GIC crowd.

So, given the reality of monetary policy, consider this:

  • Getting a mortgage? Then pray the CB is right about inflation being transitory so rate hikes can be modest and gradual. The best way to borrow in a world like this is probably with a hybrid home loan. You can get one for 1.8% or so (half a point higher than variable) which is tres cheap and it yields diversification. Half the mortgage is fixed and half VRM. How can you lose?
  • No gold-plated DB pension? Well, saving to finance the last 30 years of your life probably won’t cut it, so you should invest. The 60/40 B&D portfolio constantly yakked about on this site is an obvious choice. If markets careen lower (as they did when C19 arrived) you get protection with the fixed-income stuff. When growth takes off (the last year) you participate strongly. Volatility is corralled and this sucker has delivered 7% over the last decade, which was not exactly peaceful. Stuff your TFSA. Feed your RRSP. Income-split and don’t be silly enough to pay off a 1.5% mortgage.
  • But wait. Aren’t stocks too rich and destined to fall? A bunch of analysts have been warning of a correction in the Dow or the S&P for months now. But remember two things: Unless you plan on withdrawing funds soon, who cares? And, second, a B&D portfolio is not a stock market proxy. It contains a mess of stuff, much of which goes up when equities go down. Finally, I like what analyst Cam Hui published on Monday:

We expect a period of choppiness and market volatility for the remainder of the year. Long-term investors should remain fully invested. Downside risk shouldn’t be more than a normal 10% correction, which represents typical equity market risk. There are many open questions about market leadership. A prudent course of action would be to hold a diversified portfolio as a way of addressing near-term uncertainties.

  • And what should you do with your GICs? Retreat, probably. Remember that to get even a 2% rate (which means you’re losing to inflation exactly what you are earning – zero return) you must lock in for a few years. You can’t live off cash flow that doesn’t exist, since these things don’t pay distributions. Also, unless held in a registered account (where all withdrawals are taxable), GIC interest is 100% taxed – every cent is added to income. Compare that with earning capital gains, where most investors will keep 85% of the proceeds even in a non-registered account. Most people would be better off collecting dividends from a preferred shares ETF than interest from a GIC. The rate of return is four times higher and the tax hit lower. Plus you’ll make a cap gain when interest rates start to rise.

Ah, it would be nice to see rates normalize. Houses would cost way less for the moisters. The wrinklies could have more income and less stress. Inflation could abate. And politicians would be forced to spend less, cut borrowing and be responsible.

When pigs fly. Or Monday. We’ll see.

About the picture: “Hi Garth, meet our grand-dog Cooper,” writes Catherine. “Coop’s mom was a Chocolate Lab and mystery dad is rumoured to be a German Shepherd (as a former Shepherd owner I don’t see it — Great Dane?). He recently moved from a condo to a house and yard with legroom for hobbies like barking at squirrels and keeping rabbits out of the carrot patch. Many thanks for the life-changing financial wisdom you provide on the blog!”

171 comments ↓

#1 My Body My Choice on 09.13.21 at 2:14 pm

Candace Malcolm of True North News in a well-written article exposes the hypocrisy of the Liberal elites and their presstitutes at CBC etc.

“Liberal Elites Have A Bigotry Problem”

https://tnc.news/2021/09/13/malcolm-liberal-elites-have-a-bigotry-problem/

#2 TurnerNation on 09.13.21 at 2:18 pm

ZOMG the perfect match for Yellow Tractor types. Located in Haliburton. Yamaha ATV even.

https://twitter.com/BleedsRWB/status/1436877143540121603


— Economic lockdowns. Some say that NZ, Australia are the test zones, to see how much the people will accept.
Just 2 more weeks/months/years guys!

.Auckland to remain in strict lockdown as New Zealand battles mystery Covid cases (theguardian.com)

..
— Almost back to normal guys!! I’m so glad these guys care about my health. Swell bunch.
Into the blockchain we will go.

https://commonpass.org/
The Commons Project, The World Economic Forum and a broad coalition of public and private partners are collaborating to launch CommonPass, a trusted, globally-interoperable platform for people to document their COVID-19 status (health declarations / PCR tests / vaccinations) to satisfy country entry requirements, while protecting their health data privacy.

.Israel preparing for potential second round of coronavirus booster shots (axios.com)

#3 Feed up on 09.13.21 at 2:39 pm

Which party is going to finally bring house prices down from the stratosphere?

#4 T on 09.13.21 at 2:42 pm

What is considered normalized rates?

#5 espressobob on 09.13.21 at 2:42 pm

Anti vax demonstrations in front of hospitals? Really…

I’m having a bad dream.

#6 Bankrupting Landlords is good for the Economy on 09.13.21 at 2:45 pm

What if Covid is here to stay?

No pandemic has ever been permanent. Get a grip. – Garth

#7 willworkforpickles on 09.13.21 at 2:47 pm

Not much worry of a market correction of significance as the inflation regulators the Fed and BoC keep inflation levels removed from reality thus manageable artificially.
The dis-inflationary smoke and mirrors show continues on to keep the markets buoyed as never in history have markets stayed that way in times of official high inflation.
The analysts get it wrong believing the market will soon falter under the weight of real inflation numbers.
The market as a fact takes its Q from the suppressed numbers of the Fed and the follow the leader BoC after discounting real inflation numbers.

#8 Leichendiener on 09.13.21 at 2:54 pm

First Responders protest at Queens Park 13 09 2021

https://youtu.be/roYLwk_Slho

#9 Woke up this morning... on 09.13.21 at 2:58 pm

I can be slow.

So it took me a while to finally arrive at the proper theme song for what’s happening right now. You know…the rona, the lockdowns, the division, the misinformation, the lack of leadership, the Used Car Salesmen – aka our politicians bought and paid for asking for our votes. …but I finally got it boys and girls.

It is of course by none other than Pink Floyd.
It is of course none other than Comfortably Numb

Hello? (Hello? Hello? Hello?)
Is there anybody in there?
Just nod if you can hear me
Is there anyone home?
Come on now
I hear you’re feeling down
Well I can ease your pain
Get you on your feet again
Relax
I’ll need some information first
Just the basic facts
Can you show me where it hurts?

There is no pain you are receding
A distant ship smoke on the horizon
You are only coming through in waves
Your lips move but I can’t hear what you’re saying
When I was a child I had a fever
My hands felt just like two balloons
Now I’ve got that feeling once again
I can’t explain you would not understand
This is not how I am
I have become comfortably numb

I have become comfortably numb

Okay (okay, okay, okay)
Just a little pinprick
There’ll be no more, ah
But you may feel a little sick
Can you stand up?
I do believe it’s working, good
That’ll keep you going through the show
Come on it’s time to go

There is no pain you are receding
A distant ship, smoke on the horizon
You are only coming through in waves
Your lips move but I can’t hear what you’re saying
When I was a child
I caught a fleeting glimpse
Out of the corner of my eye
I turned to look but it was gone
I cannot put my finger on it now
The child is grown
The dream is gone
I have become comfortably numb

https://www.youtube.com/watch?v=_FrOQC-zEog

#10 ElGatoNerodeYVR on 09.13.21 at 3:02 pm

Trolling Monday: Retirement savings ? Silly worries, shall they win the NDP will nationalize the first 300K of RRSP holdings, increase contributions and give everyone across the board 36K yearly CPP ,no matter the contributions , that combined with OAS will ensure everyone gets a minimum of 40K yearly.
Everyone living an Happily ever after ending.
In a alternate universe, far far away …..
Now heading back to that working for a living thing in the real world.

#11 alexinvestor on 09.13.21 at 3:03 pm

Savers have done really well over the past 10 years. The S&P has returned 18% (!!!) over the past 10+ years. That’s pretty much the opposite of hosing. Even bond funds have done well over the last 10 years. The people who are truly getting hosed are those who really primarily on wages.

Oh, I would not take a DB pension from any company. Just too much risk that the company is not going to exist 30 years from now (see Nortel).

#12 Dogman01 on 09.13.21 at 3:08 pm

Oh Canada!

https://www.cbc.ca/news/politics/face-to-face-2021-erin-otoole-1.6172696

“The Conservative leader took the first of his questions from J Hawkins of Toronto. Both Hawkins and his wife are school teachers with newborn twins. “

Ok so two Public Sector Jobs for Life, paying north of $80K each and rising. 2 x Defined Benefit Pensions.

“It sounds like the Conservative plan’s not really targeted toward me or people like me,” Hawkins said at the close of his five minutes.

Something seriously wrong in this Country when people like this have problems with the cost of living.
OMG get the hell out of Toronto\Vancouver with $3200 a year in Childcare and housing.

CBC’s rosters of “typical Canadian” concerns seems a bit A-Typical.

#13 Dolce Vita on 09.13.21 at 3:12 pm

THE END TIMES.

“Denmark lifts all Covid restrictions as vaccinations top 80%” [76% 2 dose vaxd]

They are saying it is endemic and no longer a ‘socially critical’ disease. No more Green Pass needed for indoors.

Sweden contemplating the same September 29. UK sort of doing it but I believe to premature for them, Winter coming and indoors.

Italia could as well but vax rates not as high DK yet (67% fully vaxd) and Italia still gunshy after 2020 (they are aiming for 90% fully vaxd).

I AM ALL FOR IT even for Italia.

Decide for yourselves, Canada data too if it exists…

Cases
https://i.imgur.com/SqUTLj4.png

Hospital
https://i.imgur.com/kKhNEBx.png

Deaths
https://i.imgur.com/NITM6lN.png

EU Articles:

https://www.theguardian.com/weather/2021/sep/10/denmark-lifts-all-covid-restrictions-as-vaccinations-top-80-per-cent

https://www.lastampa.it/esteri/2021/09/10/news/covid-la-danimarca-e-il-primo-paese-europeo-a-eliminare-tutte-le-restrizioni-1.40687486

https://www.politico.eu/article/denmark-first-eu-lift-coronavirus-restrictions/

US MSM where they grind the vax uptake message in the DK news:

https://www.nbcnews.com/science/science-news/denmark-lifts-covid-restrictions-crediting-high-vaccine-uptake-rcna1967

#14 Shawn Allen on 09.13.21 at 3:15 pm

How to Get Higher Interest Rates?

One strategy is to shop around to get the highest rate on your bank deposit or GIC. It might not be much but every customer that switches some money to another financial institution for 25 basis points more is a help.

Banks won’t pay depositors more unless depositors demand it by voting with their wallets and moving funds to higher deposit rate institutions.

I am not talking here about adding any material risk. stick with safe banks and safe deposit institutions. Try to stay under the Deposit Guarantee level of $100,000 and be sure your deposit or GIC is in fact CDIC insured.

It’s a hassle to do this but if enough people do it, it might have an impact.

Your logic is understood, but CDIC is a nothingburger. No major Canadian bank will ever fail. If one did, CDIC would be wiped away in a few days. – Garth

#15 yorkville renter on 09.13.21 at 3:26 pm

genuinely hope it’s monday…

#16 Linda on 09.13.21 at 3:28 pm

I’ve read that if the Bank of Canada doesn’t increase rates in lockstep with the Federal Reserve that the Canadian $ will drop like a lead brick. Also, what is this fan dance with inflation that our government seems to be doing? Who do they think they are fooling when publishing the ridiculously low numbers? Anyone who has been purchasing life’s necessities can testify that the prices being paid are a lot higher than those measly numbers the government keeps on publishing.

#17 AM in MN on 09.13.21 at 3:33 pm

In the process of currency destruction, there are always winners and losers. There is nothing new about a country destroying its currency, lots of historical examples. It tends not to end well.

Maybe vote for someone who DOES think about monetary policy?

It is arrogant to believe that our society at this time in history is so strong that it can stand forever. Ask anyone living in HK or Afghanistan about the difference a year can make?

From Victor Davis Hanson;

History is replete with examples of nations, successful and not-so-successful alike, that abruptly committed suicide.

The ancient polis of Corcyra devoured itself in a bloody conflict as a collective madness took hold of the island city-state during the Peloponnesian War.

The Jacobins in 1793 hijacked the French Revolution and turned a movement toward a constitutional republic into a totalitarian, year-zero effort to destroy the past and ensure equity for all—or else. The Reign of Terror—and eventually Napoleon—followed.

The effort to force war-weary Czarist Russia to reform into a constitutional monarchy ended up being kidnapped by a small but lethal clique of Leninist Bolsheviks. What ensued was the destruction of Russian life—and millions of corpses—over the next 70 years. Ditto Mao Zedong’s various murderous resets culminating in the cannibalistic “Cultural Revolution.” Mao’s final tab was 60-70 million deaths of his fellow Chinese.

French, Russian, and Chinese wokists all toppled statues, canceled out the nonbelievers, wiped away history, tore down monuments, and declared themselves the purest of all generations in their year zero—before getting down to the business of dividing up the spoils and settling scores.

Most of these bloodbaths started out with the supposedly noble idea of delivering social justice, equity, and fairness before they inevitably went deadly and feral. We should be just as worried about our own woke pandemic.

#18 CDIC on 09.13.21 at 3:34 pm

Your logic is understood, but CDIC is a nothingburger. No major Canadian bank will ever fail. If one did, CDIC would be wiped away in a few days. – Garth

So you are saying that the CDIC is a giant insurance scam? A fake safety blanket? A deception? Does it stand for Canadian Deceptive Insurance Corporation?

#19 SoggyShorts on 09.13.21 at 3:34 pm

#201 Macron le fou – google it on 09.13.21 at 1:11 pm
Not with selfish anti-vaxers like you stressing it. Try being part of the solution for a change. – Garth

Why the F…ck do I pay taxes for?? To save corrupt govts that are purposefully killing old people and sick people by delaying And denying them medical treatment in the name of COVID religion ????
******************
Wait… aren’t old and sick people dying in part because the hospitals are stressed, and aren’t they stressed due to covidiots (anti-mask/vax)?
But you blame “corrupt govts”?

time for a long hard look in the mirror mate.

#20 Capt. Serious on 09.13.21 at 3:38 pm

VRM is where to be currently if you can handle your debt. I could pay off our mortgage tomorrow, if needed. That money is much better invested at the moment.

#21 Woke up this morning... on 09.13.21 at 3:38 pm

“As a Bloomberg piece points out, never in modern times have so many people been so bereft of a retirement lifeboat. Four decades ago almost half of the employed men in Canada (and 35% of women) had a DB pension spelling out years in advance what retirement benefits would be. ”

Who oh who is responsible for this?

Wouldn’t it happen to be the corporation who fought unions and sent all the jobs to China, would it?

And why would they do this?

#22 Al Gore's fear on 09.13.21 at 3:41 pm

Diamond Dog “The world’s greatest threat is (sic) climate change….immediate threat to civilization as we know it”
$$$$$$$$$$$$$$$$$$$$$$$

In his excellent book Factfulness, Al Gore’s friend Hans Rosling documented how Gore pressured him to lie and exaggerate the data to give a worst case scenario because in Gore’s words “We need to create fear” (p. 229)

Rosling refused, on the grounds that lying and exaggerating will harm the credibility of the movement causing people to tune out.

He of course was right. Some people are terrified but most of us have tuned out.

When we are all alive after 12 years the CC movement will be even deader in the water than it is now.

Some public health officials have made the same mistake.

They should all have read Rosling’s book, since he was an expert in pandemics as well.

So much so that he named a global pandemic as one of the 5 biggest risks to the world in the book, which he finished in 2017.

Excellent book, very optimistic, and an interesting read.

#23 crowdedelevatorfartz on 09.13.21 at 3:44 pm

I didnt realize that Trudeau, back in May, ordered all the federal Govt buildings to fly Canadian Flags
at Half Mast…….. until First Nations decide when it is acceptable to fly the flags at full mast again………

https://harveyoberfeld.ca/blog/

Nothing like a little vote pandering eh wot?

#24 Dolce Vita on 09.13.21 at 3:44 pm

CB rates to stay low until 2070.

“…The PBO projected another $2.7 trillion in debt before the Trudeau Liberals balance the budget in 2070, in addition to the current $1 trillion in existing federal debt. Interest charges will cost taxpayers about $3.8 trillion by 2070.”

That news from the Mills no less:

https://thepostmillennial.com/trudeau-says-his-party-is-fiscally-responsible

PBO using Liberal election platform spending promises in their calculations.

“[Our government] wasn’t just being there for people because we’re nice, although of course, we are. It was there because that is the best way to ensure a strong recovery,” said Trudeau Thursday.

—————-

My heart be still, there is hope for Canada yet when the Mills take notice…by then they’ll be all retired and threadbare thanks to Trudeau.

What comes around, goes around kids…enjoy.

#25 IHCTD9 on 09.13.21 at 3:47 pm

Inflationary pressures on consumer goods can be dispensed with IMHO. Who cares if your 27″ flat screen went from 170.00 to 190.00? I paid 800.00 in the 90’s for a 100 lb CRT TV – this stuff is so cheap today folks ought to be blushing when they head for the check out.

Food is another story – shrinkflation is well along – with higher prices to boot. But still, it can be managed fairly well. Lower cost products aren’t necessarily bad, FRESHCO is a lot cheaper than METRO for the same stuff. You can slow down on cheese and milk, steak and fancy bread and end up with a lower bill than you had in 2019 – might even be good for you too. If you don’t mind a little work, free range chickens and a little veggie garden can save a bit too if you have the will and the room.

Energy – now this is where we’re all going to get hammered thanks to CC legislation, Oil Patch hatred, and all kinds of government mismanagement on the hydro front. You could do a ton here – but 99.5% of the population does not possess the skills, tools, knowledge, or desire to go all the way here – it’s still not expensive enough to start building downdraft gasifier co-gens. All most can do really is use less. Turn the T-stat down, buy a Diesel Smart. Saving on transportation fuels is by far the easiest and biggest bang for the buck. It could be zero $$ if you want to gain the resources necessary to make it happen. Yet, a diesel Smart gets ~70 mpg and costs ~5-6K – that’s just too easy for those who drive a lot.

Debt – if you’ve loaded yourself to the gill plates at 2% – you have pre-screwed yourself. Just like Trudeau has pre-screwed Canada. No DBP or BDP? You’re double screwed. Place your bets and spin the wheel, you are playing with fire.

Those without RE should probably stay that way for a while longer (I know… I know…), and if owning an SFD is something you must do – do it where you can actually earn enough locally to safely pay for it in a conventional manner – understanding that place is probably somewhere other than Canada.

#26 Dogman01 on 09.13.21 at 3:52 pm

“This is Darwin, baby. And you’d best know that now.” – Garth Turner

The extended and never ending Low Interest Rates I suspect are the outward sign of a slow moving economic crisis the West has been in since early 1990. Essentially the end game of Globalism.
– GATT treaty.
– Falls of Soviet Communism and entry of several hundred million more labour into the workforce.
– Frenzy of outsourcing of production to China’s 1.4 Billion.

It all spells the end of the phenomena of the Western Middle Class,

Most people in the so-called “middle class” were never actually middle-class to begin with. They were merely working class with unusually high wages, which enabled them to buy many of the things associated with the real middle class, e.g. higher education, foreign travel, private vehicles.
But as this unusually well-paid proletariat was exposed to post-Cold War global wage competition, their real wages fell.

Unfortunately, having convinced themselves that they were not working class, and having been constantly told by their political leaders that they were middle class, they tried to maintain that middle class status when they could no longer generate enough income to do so. How? They borrowed.
They went deep into debt rather than accept a visible decline in their social standing. Easy credit slowed their downfall, at the cost of making that downfall permanent.

Declining real wages is the story of Globalism.

With “Work-From Anywhere” culture and enabling Technology, Automation and AI coming the bottom is near to falling out of a Middle Class in the West.

https://youtu.be/SDO1zhDi7BI

#27 Dolce Vita on 09.13.21 at 3:59 pm

Off topic.

Found this on Twitter under “Cooking”:

https://i.imgur.com/Zu1zbJQ.png

Poor Twitter. Losing it slowly I think.

#28 IHCTD9 on 09.13.21 at 4:09 pm

Lowering your COL and simplifying your life is a good plan too heading down the higher inflation road. Really, we know we’re not getting a financially effective government right? They either don’t care, or they won’t get a majority and so won’t get anything done.

It’s up to the individual. Offset taxes and fees, and lower your COL. Buy used via Kijiji or E-bay. Check out the local FNR. Make your own wine/beer instead of getting hosed by 300%+ at the LCBO. Do what you can for repairs and maintenance yourself. Mechanics are 90.00/hr, and parts are dirt cheap these days – most of that mechanic bill is labour – much of it pretty simple. You-Tube is a great source of learning. Same with appliance repair – 75.00/hr for labour, and a washing machine is super easy to work on. I just replaced the drum clutch in our washer in under an hour, and that thing is buried about as deep as it gets inside the machine.

Inflation can be managed and offset if you’re not sautéed in debt and maxed out. It’s not even all that tough to do as long as you’re working from a position of strength rather than weakness (ie a 7 fig mortgage).

#29 FriedEggs on 09.13.21 at 4:25 pm

Pigs fly and sheep Baaa

‘What do you get for pretending the danger’s not real
Meek and obedient you follow the leader
Down well trodden corridors into the valley of steel
What a surprise
The look of terminal shock in your eyes
Now things are really what they seem
No, this is no bad dream’

Sheep – Pink Floyd

#30 IHCTD9 on 09.13.21 at 4:31 pm

Can’t see higher rates for a while. In fact, I expect higher rates to happen when the BoC’s hand is forced. It’ll happen when raising rates is the lesser of two evils, and the only thing worse than raising rates in this environment is currency destruction. So I expect it’ll take GOBS of inflation, or most of the other major CB’s in the world raising their rates well above ours. Then the BoC has no choice.

The idea that our debt situation Publicly or on the Consumer front has some chance at improving anytime soon is laughable to me. NO WAY – just look at the spending promises – I just read Jag promised to spend 200 Billion on some dumb thing or another. 200 freaking Billion! Canada is nuts, has no shared values on the financial front (or brains even), and waaay to many snouts in the trough.

So it should be easy enough – watch inflation and watch the other big CB’s. We mean squat on the world stage, so watch those other big Banks. Hell, just watch the US Fed – if they move it won’t be long before we also have to.

With any luck, inflation will skyrocket forcing everyone’s hand. The only way to forestall that event is if Ottawa taxes the ever loving crap out of us to pull all that cash sloshing around back out of the system – and I don’t hear anyone promising that either lol!

#31 Another Deckchair on 09.13.21 at 4:42 pm

Dealing with “climate change” – off topic for today. I always try to say nice things, so hopefully the message below is nice to Canada and the world.

YOW schedule: 9 flight arrivals Jan 26 2021. Sept 13 2021 departures (15:00 to 15:00 Sept 14): 46. a 5 fold increase in about 8 months. (arrivals generally = departures, but my mistake not counting same)

Our lad in the cottage is flitting around Canada this election time. Last election he had 2 (two) 737s to cart himself and his entourage along. Not sure what he has this time, but he’s all over the map of Canada, literally.

This guy had a golden (once in a century) opportunity to do his part by NOT re-opening the skies, as aircraft do indeed burn hydrocarbons, and “they are deeply into the Paris accord”.

I understand the Green Party are not buzzing across Canada daily in their private jets. nor public ones!

I’m not a strong greenie, but, when the leader of our country a) ignores a once in a century golden opportunity that science says is important, and b) ignores HIS carbon output for an *election* when zoom would work very well, then, he’s blowing smoke out his keester when he talks anything dealing with “climate change”.

Leaders lead, right??

Sigh. I think JWR was right. I had a friend that said “after 2 terms, throw the bums out, because power corrupts”

Trudeau will hopefully go back to teaching drama next school term, and excel there once again. Rant mode off… ;-)

#32 Chameleon on 09.13.21 at 4:43 pm

Since Felix has been M.I.A….Feline Monday!

Schötz, a researcher at Lund University in Sweden, was struck by a talk several years ago comparing the purring of a big cheetah with a domestic cat, which found that both animals purred at around 30 Hertz, despite the significant difference in size. Intrigued, she went home and recorded the purrs of her own cat Vincent as well as those of three young kitty siblings from the same litter—Donna, Rocky, and Turbo—who found their way into her care. Thus began a yearslong project to better comprehend the different vocalizations of domestic cats, spawning five separate papers. Donna, Rocky, and Turbo were the subjects in all of the studies.

Cats purr for many different reasons: when they are angry, stressed, in pain, and yes, when they are contented and happy. But the phenomenon has not been well-studied, particularly when it comes to acoustic analysis. They also chirp, chatter, trill, moan, yowl, meow, growl, and hiss, among other common vocalizations. Schötz has found that a combined murmur and meow is the most common kitty utterance, while watching birds through a window will elicit chatters, chirps, tweets, and tweedles (prolonged chirps or tweets). Meows for food will have a rising contour to the pitch, while meows associated with a trip to the vet have falling pitch contours.

Based on all that previous work, Schötz and her collaborators received a grant to study “Melody in Human-Cat Communication,” playfully dubbed “Meowsic.” The ultimate goal is to collect even more data in support of their key hypotheses: that cats “semi-consciously” alter intonation, intensity, length, and quality of their vocalizations to fit different contexts; that most cats share similar types of this so-called “prosodic variation”; and that these variations can be correctly interpreted by experienced human listeners. Most cat owners would probably agree.

#33 Craig on 09.13.21 at 4:56 pm

Actually, given sufficient thrust, pigs can fly just fine.

#34 Shawn Allen on 09.13.21 at 5:02 pm

Shopping for a higher interest rate?

Your logic is understood, but CDIC is a nothingburger. No major Canadian bank will ever fail. If one did, CDIC would be wiped away in a few days. – Garth

*****************************
I am in total agreement about no major bank failing. CDIC maybe comes in for those folks putting $100k into the Hooterville Credit Union. But I suppose one should avoid any institution where it is thought that a CDIC rescue might ever be needed.

I understand that there are places like the Canadian Tire Bank and Equitable Bank and Canadian Western Bank’s CWB Direct or Simplii Financial that will offer a bit more interest.

I’ve used Simplii Direct a little bit.

Others here will have more experience and ideas?

Surely a little bit more shopping around can be done?

#35 Mask on 09.13.21 at 5:03 pm

DELETED

#36 Squire on 09.13.21 at 5:03 pm

#2 TurnerNation on 09.13.21 at 2:18 pm
————————————————
Not sure if it matters, but Australia does not have charter of rights or bill of rights. Just saying…

#37 Cto on 09.13.21 at 5:03 pm

The FED.? BoC? Central bankers?
“Emergency interest rates” starting in 2008…
Inflation…
Lies, lies,lies
Sole purpose!? Make themselves and the rich,… richer.
There is a 100% chance they will find a new crisis before rates go up even an weeny bit!

#38 SunShowers on 09.13.21 at 5:07 pm

“As a Bloomberg piece points out, never in modern times have so many people been so bereft of a retirement lifeboat. Four decades ago almost half of the employed men in Canada (and 35% of women) had a DB pension spelling out years in advance what retirement benefits would be. Now little more than 20% of men (and 29% of women – who make up the bulk of public sector workers) have a defined benefit plan. Many others have glorified group RRSPs full of dodgy insurance company mutual funds”

Probably worth exploring why that is.
Might be even worth a blog post, explaining why workers could get the shaft in such dramatic fashion and are just expected to take it on the chin, without batting an eye or questioning it, as if it’s normal or acceptable.

Employers also should consider this before lamenting how millennials and other young workers have no loyalty like older workers did back in the day.

#39 Editrix on 09.13.21 at 5:10 pm

Re: #12 Dogman01 on 09.13.21 at 3:08 pm

Oh Canada!

https://www.cbc.ca/news/politics/face-to-face-2021-erin-otoole-1.6172696

“The Conservative leader took the first of his questions from J Hawkins of Toronto. Both Hawkins and his wife are school teachers with newborn twins. “

Ok so two Public Sector Jobs for Life, paying north of $80K each and rising. 2 x Defined Benefit Pensions.

“It sounds like the Conservative plan’s not really targeted toward me or people like me,” Hawkins said at the close of his five minutes.

Something seriously wrong in this Country when people like this have problems with the cost of living.
OMG get the hell out of Toronto\Vancouver with $3200 a year in Childcare and housing.

CBC’s rosters of “typical Canadian” concerns seems a bit A-Typical.
_____________________________________________

Unfortunately teachers are notoriously poor with their finances. I guess I would be too, if I had a guaranteed job for life and a decent pension waiting for me when I retired.

When I was taking applications for my rental house, I was happy to see that three teachers were interested (three separate applications). After doing credit checks, I wasn’t going to rent to any of them.

#40 Bandito on 09.13.21 at 5:12 pm

DELETED

#41 cuke and tomato picker on 09.13.21 at 5:20 pm

Yes old people are savers in some cases they know the value of a dollar because they were raised by parents who lived through the Great Depression. As a result they will vote for MR. JUSTIN TRUDEAU to get the 10 per cent
extra on their pensions. They will encourage their children and grandchildren to vote for MR. JUSTIN TRUDEAU . Three generations WIN.

Five hundred bucks a year. Don’t count on it. – Garth

#42 High IQ Anti-Vaxxer on 09.13.21 at 5:20 pm

I am protesting outside the hospital because I am a genius and you are not.

#43 DC on 09.13.21 at 5:29 pm

If the electorate see fit to give Trudeau another mandate then the message is loud and clear: it is every person for his/herself.

#44 Proud Canuck on 09.13.21 at 5:31 pm

Why are the corona cases higher this month than they were at the same time last year when there were no vaccines? I don’t understand!

#45 Ballingsford on 09.13.21 at 5:36 pm

I’ll be signing for my mortgage rate shortly. Maybe I already did and can’t change it, 1 month to go, but already said 5 year fixed. Should I change it to VRM if I can? Seems like low CB rates for a while. VRM is starting to look good.

BTW, wish the parties would stop promising a million+ homes built in 3 years. Impossible to fulfill that promise, land, labor, materials, etc. No way for it to all line up. Getting some votes and hopes for the millenials I guess.

#46 Chris L. on 09.13.21 at 5:38 pm

DELETED

#47 Doug Ford on 09.13.21 at 5:58 pm

Is a corrupt imbe cile and I diot.

The pinnacle of govt cretin ism.

Managed to antagonize first line responders.

Typical Canadian govt official.

An obese mo ron.

CENSOR THIS, THEIR GRIEVANCES ARE ALL OVER TWATTER..

#48 TurnerNation on 09.13.21 at 5:59 pm

The world is being re-made. Why I call them the Economic Lockdowns. Is their purpose clear?

https://www.zerohedge.com/markets/top-ups-exec-warns-supply-china-disarray-will-leave-permanent-scar
“Scott Price, president of UPS International, told FT that multinational retailers and manufacturers are regionalizing their supply chains:
“A lot of companies are coming to us saying ‘where is the best place to put manufacturing and assembly?'” he said. “There’s an understanding that reliance on stretched supply chains puts you at risk.””

———-
———-
Been saying for many months this will run into 2022-2023. If not 2025. Here it comes.
You no longer own your own body.

.Peel’s top doctor asks for COVID-19 mask rules to remain in Brampton, Mississauga and Caledon until March 2022O (mississauga.com)


— For Dolce.

https://twitter.com/disclosetv/status/1437519256896385028
” New nationwide U.S. “study suggests that roughly half of all the hospitalized patients showing up on COVID-data dashboards in 2021 may have been admitted for another reason entirely.
The study found that from March 2020 through early January 2021—before vaccination was widespread, and before the Delta variant had arrived—the proportion of patients with mild or asymptomatic disease was 36 percent. From mid-January through the end of June 2021, however, that number rose to 48 percent. In other words, the study suggests that roughly half of all the hospitalized patients showing up on COVID-data dashboards in 2021 may have been admitted for another reason entirely, or had only a mild presentation of disease.”

#49 willworkforpickles on 09.13.21 at 6:00 pm

#16 Linda
“I’ve read that if the Bank of Canada doesn’t increase rates in lockstep with the Federal Reserve that the Canadian $ will drop like a lead brick. Also, what is this fan dance with inflation that our government seems to be doing? Who do they think they are fooling when publishing the ridiculously low numbers? Anyone who has been purchasing life’s necessities can testify that the prices being paid are a lot higher than those measly numbers the government keeps on publishing.”
…………………………………………………………………………………………………….

I have gone over those 2 particular subjects dozens of times here in the last year.
Assuming few if any ever read what i have to say i can tell you i have even said that i have lost count in the number of ways i have described the same things but all with the same meaning.
Most of Canada’s trade is with the US so rates will/must follow the US lead to stay competitive.
With regard to inflation the BoC plays follow the leader with the Fed as they manipulate the inflation rate.
The Bureau of Statistics who produce the Consumer Price Index revise the actual inflation numbers the Fed closely monitors to fit their agenda in order to keep the markets rolling along full tilt.
An inflationary climate is antithesis to the markets so they stay propped up with (low) artificial/fake inflation numbers bolstered by the Fed while consumers pay the cost of real – high inflation as we are doing now.

#50 Inequity on 09.13.21 at 6:03 pm

#31 Another Deckchair

Do you drive a car, heat your house, or breath? Then you are not doing your part to help combat CO2 emissions.

#51 cuke and tomato picker on 09.13.21 at 6:06 pm

Simple math OAS is $618.00 per month times 10 per cent is $61.80 times 12 months equals $741.60 times two equals $1483.20. For us it is about 7 family dinners at any of the three restaurants viewing Port Sidney, Mount Baker ,The Sidney Spit, and the Gulf Islands. This is one of the best views in all of Canada as well as the best places to dine. Pleasure pleasure by every measure.

#52 Ed on 09.13.21 at 6:14 pm

Plugged my nose & voted for O’Tool just now. Anything to get rid of the lying twerp.

#53 The West on 09.13.21 at 6:19 pm

#9 Woke up this morning…

Would you like to see Britannia rule again?

https://www.youtube.com/watch?v=0bDY0DfEjmo

#54 Gartho sorry - I forgot his side kick on 09.13.21 at 6:24 pm

DELETED

#55 My Body My Choice on 09.13.21 at 6:29 pm

DELETED

#56 Bezengy on 09.13.21 at 6:42 pm

No one is as dangerous in this election as Jagmeet. His ridiculous “tax the rich” mantra is instilling a deep hatred of those who have more, and amounts to class warfare that could lead to deep divide and perhaps violence in society. I can’t believe the media let’s him get away with “fairy tale” numbers that have zero chance of adding up.

#57 jim tow on 09.13.21 at 6:43 pm

DELETED

#58 Planetgoofy on 09.13.21 at 6:43 pm

#30 IHCTD9 on 09.13.21 at 4:31 pm
————-
Ya then we can get Paul Volckered…that will sober eveyone up. Lol
I can pick up the scraps at 10cents on the dollar.

#59 The sound of shackles on 09.13.21 at 6:44 pm

Decent people in Ontario & everywhere must prevent self-interested politicians, public sector union leaders & TV doctors from escaping responsibility for the harm they caused for 18 MONTHS now..

History must judge them swiftly and fairly the lockdown catastrophe.

#60 NOSTRADAMUS on 09.13.21 at 6:48 pm

CAREERICIDE, OUT THE DOOR YOU GO.
Insert your name here,——–, too many times in the past you have told the truth, which has resulted in your Careericide. Lesson, if you want to get ahead, in life including your love life, “KEEP YOUR BIG MOUTH SHUT, AND BE A BOOT LICKER.” Works every time. I am on my throne and I will not step down.

#61 cuke and tomato picker on 09.13.21 at 6:59 pm

Also MR. JUSTIN TRUDEAU gave $600.00 to us a year and a half ago to those 65 and over TAX FREE. He also gave us a few bucks a year ago based on our income and on August 16th he gave us $1000.00 because we are 75plus years old. We have mixed feelings about giving us money because we are really fine with out it but if he going to give it to us we will take it. We love his CLEAN SHAVIN SHORT LOOK.

#62 S.Bby on 09.13.21 at 7:06 pm

Federal Liberals will reduce capital gains exemption to 25%. For CDIC keep your cash if over $100K in an investment brokerage account they are covered up to one million for insolvency via CIPF.

#63 Trojan House on 09.13.21 at 7:09 pm

“No pandemic has ever been permanent. Get a grip. – Garth”

True but the viruses that have caused the pandemics have sometimes become endemic, like the Spanish Flu virus.

Covid will probably not go away but will become endemic like those previously.

#64 Trojan House on 09.13.21 at 7:15 pm

#19 SoggyShorts on 09.13.21 at 3:34 pm

“Wait… aren’t old and sick people dying in part because the hospitals are stressed, and aren’t they stressed due to covidiots (anti-mask/vax)?
But you blame “corrupt govts”?

time for a long hard look in the mirror mate.”

No, old and sick people are dying because they are old and sick. What do you think that they live forever? The average stay at a long term care home is just over 2 years and by stay I mean before they pass. If said old and sick person is sent to hospital, then the likelihood is that’s it for them unfortunately.

#65 The Woosh on 09.13.21 at 7:16 pm

#12 Dogman01 on 09.13.21 at 3:08 pm
Oh Canada!

https://www.cbc.ca/news/politics/face-to-face-2021-erin-otoole-1.6172696

“The Conservative leader took the first of his questions from J Hawkins of Toronto. Both Hawkins and his wife are school teachers with newborn twins. “

Ok so two Public Sector Jobs for Life, paying north of $80K each and rising. 2 x Defined Benefit Pensions.

“It sounds like the Conservative plan’s not really targeted toward me or people like me,” Hawkins said at the close of his five minutes.

Something seriously wrong in this Country when people like this have problems with the cost of living.
OMG get the hell out of Toronto\Vancouver with $3200 a year in Childcare and housing.

CBC’s rosters of “typical Canadian” concerns seems a bit A-Typical.

—————————————

But…did you hear the best part? The Conservative tax credit for daycare only applies to folks making $30k or less. So, in essence, a tax credit for folks who more or less don’t pay any income taxes. Good on Rosemary Barton for pushing Erin O’Toole for more precision on that Nothinburger promise. Smoke and mirrors, folks. Smoke and mirrors.

#66 Faron on 09.13.21 at 7:16 pm

#50 Inequity on 09.13.21 at 6:03 pm

Breathing is allowed ;-).

Seriously, this is neutral advice: educate yourself about the carbon cycle if you want to make intelligent statements about climate policy regardless of direction. I can guarantee you that all the Alta tar sands corporations (or at least their policy suggesting lobyists) as well as all the major O+G players know it inside out and backwards. Making statements about CO2 emissions from breathing will keep you sidelined.

If you understand the carbon cycle then you can seek out where any assumptions are that may give you a chance to hold sway. Or you can keep making empty statements.

#67 Quintilian on 09.13.21 at 7:26 pm

Historically CB’s set rates with its main considerations were price stability and to avoid currency devaluation.
Greenspan changed all that.

Monetary policy has become a political instrument.

I doubt that the brain washed monetarists can come up with an economically sound argument to justify interest rates staying this low for this long.

Even Milton Friedman must be rolling in his grave over this incredible stealth theft

#68 crowdedelevatorfartz on 09.13.21 at 7:36 pm

@#30 IHCTD9
” So I expect it’ll take GOBS of inflation, or most of the other major CB’s in the world raising their rates well above ours. Then the BoC has no choice.”

+++

100% correct.
The B o Canada will not have a choice ….. or our dollar will become a “half dollar”.

And I agree that on the world scale. The Canadian economy ( and our leaders apparently) are irrelevant.

#69 crowdedelevatorfartz on 09.13.21 at 7:40 pm

@#36 Squire
“….but Australia does not have charter of rights or bill of rights….”

+++

Ahhh, but they had Flop…..and now WE have him.
A win win.

#70 Reality check on 09.13.21 at 7:40 pm

Nothing is going to “normalize”, as we’ve reached the comfortable equilibrium.

Knowing the future you might as well get fat, borrow you brains out, get vaccinated, and joint the rest of the 95% of society as all advantages of the fit, prudent, & fit are marginalized.

Welcome to everyone gets a prize future.

#71 Flop… on 09.13.21 at 7:40 pm

#34 Shawn Allen on 09.13.21 at 5:02 pm

I am in total agreement about no major bank failing. CDIC maybe comes in for those folks putting $100k into the Hooterville Credit Union.

/////////////////////

Hooterville Credit Union?

Well, I guess that’s one way to get people to go and see The Nice Lady @ The Bank…

M47BC

#72 crowdedelevatorfartz on 09.13.21 at 7:42 pm

@#52 Ed
“Plugged my nose & voted for O’Tool just now. Anything to get rid of the lying twerp.”

++++

I was going to hold my nose and “strategic vote” for the NDP in my riding to maybe kick the Liebral out but I still couldnt stand the stench.

I voted for the Con.

Probably a wasted vote but at least I wont have contributed to the destruction of the Canadian economy by voting NDP or Lib.

#73 Michael in-north-york on 09.13.21 at 7:51 pm

#44 Proud Canuck on 09.13.21 at 5:31 pm

Why are the corona cases higher this month than they were at the same time last year when there were no vaccines? I don’t understand!
===

The Delta variant is more contagious than the original virus.

#74 Retired in 2018 on 09.13.21 at 7:57 pm

First of all GIC’s come in annual or compound interest. You have to choose which option you want. You can choose monthly, quarterly, semi-annually, annually to get paid your interest from your GIC into an account with that financial institution or one your choice.

RRSP’s, TFSA’s, LIRA’s are usually compounded because you pay no income taxes until you pull money out of them. As for GIC rates, I got some at 2.6% just recently in 2021 for 5 years and the whole inflation thing is been a lie for decades. I have many GIC’s, term deposits, bonds at 3.10% to 3.75% from 2018 to 2020 and other GIC rates at 2.6% to 2.7% in 2020, 2021. I wait when GIC rate specials come in and buy them.

They mislead inflation rates since the late 90’s and did that to have an excuse not pay less cost of inflation on all CPP, OAS and many other benefits from all levels of government. Also, to have an excuse to cut interest rates saying it is low inflation that interest rates are down. It is BS from the Bank of Canada and world central banks.

My message for the last 22 years has been sent to all governments, central banks, Bank of Canada especially on low interest rates and GIC, bond rates, misleading stated inflation rates.

I have cut out smoking, bar, alcohol, vacation, eating out to restaurants spending for over 20 years now. Got a cheaper used car, paid cash for everything except my modest house, accelerated paying off all my mortgage, debts, never paid for mortgage insurance, never paid CMHC premiums, continue to be debt free etc.

I have done many things to reduce expenses and use the income tax system to the best of my knowledge to claim many tax reduction strategies, benefits like the disability tax credit, claiming union dues etc., maximum RRSP deductions when income is highest in one year, reinvested all RRSP income tax refund in maximum TFSA contributions etc. or like now claiming the pension income tax credit, provincial sales, property tax, energy tax credits.

The bottomline is I have calculated that since 1999, I have accumulated including interest of $1,275,000 in savings accounts, term deposits, GIC’s, bonds, RRSP’s, TFSA’s. I retired back in 2018 and never looked back. I get my early CPP $750 a month and my LIRA transferred from my union workplace pension is now worth $152,000 and making $5,145 a year compound interest until 2026. I know my $2,000 a month is going in my accounts every month and this will only keep growing.

In my opinion, the Bank of Canada and the Canadian government are not two independent entities but are two interdependent entities. They are for themselves and not for the Canadian people.

#75 Mrs Fool on 09.13.21 at 8:02 pm

An ‘educated’ uni prof calling an FDA-approved vaccine “experimental.” And she’s teaching your kids? Yikes. – Garth

What a sad thing to read. I come to this blog to educate myself, for free, on finances, ETF’s, bonds and to learn from everyone points of view. I don’t know much about PE ratios and macroeconomics, but I may know one or two things about science (my first degree is in engineering and the other two are in science). The wording used by Dr. Ponesse was not precisely accurate but she is somehow right. In mRNA vaccines, the genetic material is encased within lipid nanoparticles (LPN). The LNP are made of different components, some of them are ionizable and may cause off-target, unknown effects. The discussion that exists among the experts in nanobiotechnology and medicine is that the LNP may allow mRNA to enter a broad range of cells (at this time there is no data on the type of cells where the material enters) making them vulnerable to cytotoxic T-cells. Experiments in mice vaccinated with LPN-mRNA vaccine have shown traces of mRNA in their brain, demonstrating LPN-mRNA can overcome the brain-blood barrier (this scenario in humans would have serious implications). The formulation of the LNP is key for the success of the mRNA technology, and scientists are STILL working on it to get it right. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8065267/
https://www.nature.com/articles/s42003-021-02441-2
That’s why it was initially approved for emergency use (the emergency label was removed for political reasons, no scientific ones). The long terms effects of mRNA vaccines cannot be established because of the many unknowns.

Dr. Ponesse posed a valid question: is it ethical to coerce an individual to receive a medication/vaccine against their will? If we allowed it as a society, what kind of society are we becoming? Why are we quick to label people as antivaxxers when they are defending their freedom to choose? Isn’t supposed to be a right in liberal democracies?

@#171 Stone on 09.07.21 at 2:04 pm
Garth has to read them (the comments) but he also has a choice. He can choose to vapourize them sending them to oblivion and therefore discouraging further hijacking. But he doesn’t. Think about that.

I kept thinking about it and it all goes back to the right to choose. Garth, you may decide to delete my comment or allow it. It’s your blog and I respect that.

F37QC

#76 Barb on 09.13.21 at 8:02 pm

After a condo, Cooper will feel he’s found Nirvana. Squirrels to chase, stuffies to drag around.

The news of the trailer fire that killed 6 in NS is so very sad.
Heartfelt condolences to family and friends and neighbours.

#77 Michael in-north-york on 09.13.21 at 8:09 pm

#152 Faron on 09.13.21 at 1:12 am

Watching the rise of the PPC is similar to the rise of the Tea Party in the US where a more extreme faction managed to take the party hostage. I wonder how much longer before center right conservatives find themselves having to shift right or lose power. This process has lead to the extreme polarization present in the US now where Trump has everyone by the short and curlies. Seems like Max is well on his way to the same here if he manages to keep the conservatives from power.
===

A Great Shift in the Canadian political party ecosystem might happen. Not quite in the current elections, but in the next few years. Centrists like myself get annoyed with the Libs drift to the left, and swing to CPC. On the other hand, hardcore concervatives get annoyed with the CPC drift to the centre, and support Bernier’s party or another startup.

Outcome: CPC in the centre, and promoting the classical liberalism. Libs shift to the left, become indistinguishable from the NDP, and the two parties merge. CPC and the merged Libs-NDP under whatever name, are the two parties that take turns forming the government. Bernier’s party remains on the right, never gets a shot at majority, but gets a few MPs elected and occasionally props the CPC minority government; kind of a mirror image of today’s NDP.

In the States, the shift is less likely. Their party system showed rigidity for over a century by now. Reps will lose again in 2024, torn between the Trumpist and anti-Trumpist factions. After that, they will find a way to retire Trump and promote some new faces.

#78 Flop... on 09.13.21 at 8:12 pm

#63 crowdedelevatorfartz on 09.13.21 at 7:40 pm
@#36 Squire
“….but Australia does not have charter of rights or bill of rights….”

+++

Ahhh, but they had Flop…..and now WE have him.
A win win.

////////////////////////

Crowdie, I know why you are buttering me up.

It’s not going to work.

You are not coming around my house for beers, so I can smell the pumpkin spice odour that you release this time of year…

M47BC

#79 Paul on 09.13.21 at 8:16 pm

I have a small construction company. I’d like to set up some sort of pension for employees. What options do I have? Buy into some group plan ? Any suggestions?

#80 Wrk.dover on 09.13.21 at 8:20 pm

Work from home? How about live from home?

The new neighbors from the province where electricity is wishfully called hydro, have every courier company truck in their driveway, every week day. Who needs stinkin’ local stores and their strong local economies anyhow?

M68NS

#81 the Jaguar on 09.13.21 at 8:20 pm

On August 1st I pencilled in the active cases in Alberta: 1655. In hospital 90, in ICU 19.
Today (Sept 12th) we are at 18,395 cases in Alberta. In hospital 803, in ICU 198. The 198 number is a new record. The highest ever. In Star Trek parlance, this is a ‘Red Alert”, or ‘Condition Red’.

Finger pointing and the ‘blame game’ are a national and provincial pastime and there is no shortage of suspects, scapegoats, saboteurs, and of course the damning statistical evidence pointing clearly in the direction of the unvaccinated or partially vaccinated. Politicians and people in positions of authority are easy targets, but I can’t jump on that bandwagon. Kenney, his staff, and Deena Hindshaw have made difficult decisions under unbelieveable circumstances and headwinds. I don’t doubt their compassion or efforts based on the best data they had at a given moment. Now the U.K. is doing an ‘about face’ on the passport issue. Yesterday’s easy solutions disappear in a puff of smoke.

I find it hard to feel any generosity toward those enjoying their current level of personal freedom on the backs of those who stepped up and got vaccinated. ‘We’re all in this together’ has become a bigger lie than some slogan cooked up by Joseph Goebbels.

That was way back in the 1930’s, but why does it feel like a similar descent into the same cauldron of division, hatred and chaos now Maybe because it’s the path we are on. Looking back at the past 19 months it was never obvious to me that provinces acted in a united way to support one another to shorten the duration of this crisis. Everyone went their own way and Federal Government attempts to show leadership were ” a flop”. ( sorry M47BC, but it was Pink Snow falling from the gitgo).

Is this the country we have become? Guess we’ll find out this coming Monday night. See if there is still some fighting spirit and pride of country and purpose out there that doesn’t involve hockey. Even ‘mercy’ can’t express the exasperation and disappointment.

Faith, Hope, Charity. Maybe they are still out there circling the current mess we find ourselves in………

#82 Mickey on 09.13.21 at 8:23 pm

#41 cuke and tomato picker on 09.13.21 at 5:20 pm
Yes old people are savers in some cases they know the value of a dollar because they were raised by parents who lived through the Great Depression. As a result they will vote for MR. JUSTIN TRUDEAU to get the 10 per cent
extra on their pensions. They will encourage their children and grandchildren to vote for MR. JUSTIN TRUDEAU . Three generations WIN.

Five hundred bucks a year. Don’t count on it. – Garth
**********************
Along with the other borrowed hundreds of billions of dollars, all paid for by their Childrens’ and Grandchildrens’ future taxes . Some WIN!

#83 Ponzius Pilatus on 09.13.21 at 8:24 pm

I will only spend my mullah at places that ask for a vaxpass.
Many restaurants now realize that the vaxxed ones don’t want to sit beside unvaxxed zealots.

#84 Wrk.dover on 09.13.21 at 8:29 pm

#74 Retired in 2018 on 09.13.21 at 7:57 pm

I have cut out smoking, bar, alcohol, vacation, eating out to restaurants spending for over 20 years now.

The bottomline is I have calculated that since 1999, I have accumulated including interest of $1,275,000

______________________________

I’m certain that you are missing the point of living….

#85 DON on 09.13.21 at 8:36 pm

#28 IHCTD9 on 09.13.21 at 4:09 pm
Lowering your COL and simplifying your life is a good plan too heading down the higher inflation road. Really, we know we’re not getting a financially effective government right? They either don’t care, or they won’t get a majority and so won’t get anything done.

It’s up to the individual. Offset taxes and fees, and lower your COL. Buy used via Kijiji or E-bay. Check out the local FNR. Make your own wine/beer instead of getting hosed by 300%+ at the LCBO. Do what you can for repairs and maintenance yourself. Mechanics are 90.00/hr, and parts are dirt cheap these days – most of that mechanic bill is labour – much of it pretty simple. You-Tube is a great source of learning. Same with appliance repair – 75.00/hr for labour, and a washing machine is super easy to work on. I just replaced the drum clutch in our washer in under an hour, and that thing is buried about as deep as it gets inside the machine.

Inflation can be managed and offset if you’re not sautéed in debt and maxed out. It’s not even all that tough to do as long as you’re working from a position of strength rather than weakness (ie a 7 fig mortgage).

********

Nicely stated.

First step…

Everyone should know how to change their auto oil.

#86 DON on 09.13.21 at 8:40 pm

#30 IHCTD9 on 09.13.21 at 4:31 pm
Can’t see higher rates for a while. In fact, I expect higher rates to happen when the BoC’s hand is forced. It’ll happen when raising rates is the lesser of two evils, and the only thing worse than raising rates in this environment is currency destruction. So I expect it’ll take GOBS of inflation, or most of the other major CB’s in the world raising their rates well above ours. Then the BoC has no choice.

The idea that our debt situation Publicly or on the Consumer front has some chance at improving anytime soon is laughable to me. NO WAY – just look at the spending promises – I just read Jag promised to spend 200 Billion on some dumb thing or another. 200 freaking Billion! Canada is nuts, has no shared values on the financial front (or brains even), and waaay to many snouts in the trough.

So it should be easy enough – watch inflation and watch the other big CB’s. We mean squat on the world stage, so watch those other big Banks. Hell, just watch the US Fed – if they move it won’t be long before we also have to.

With any luck, inflation will skyrocket forcing everyone’s hand. The only way to forestall that event is if Ottawa taxes the ever loving crap out of us to pull all that cash sloshing around back out of the system – and I don’t hear anyone promising that either lol!

*********
Once again…nicely done. In full agreement.

#87 Coolman on 09.13.21 at 8:43 pm

Media says jagmeet
Is “human rights lawyer”

So that is what they call
CRIMINAL DEFENCE LAWYERS
Nowadays?

Yes, his bashing of the rich
Surely must include his hypocritical
Rich self with tailored suits?

#88 Stone on 09.13.21 at 8:53 pm

#42 High IQ Anti-Vaxxer on 09.13.21 at 5:20 pm
I am protesting outside the hospital because I am a genius and you are not.

———

Really? I’m nice, comfy, and snugly at home laughing at you wasting your time while my B&D portfolio churns out a ytd return of 18.73%.

The popcorn tastes yummy.

Somehow, being fully vaccinated makes me laugh at you and all your loser friends even more.

#89 Stone on 09.13.21 at 9:01 pm

#64 Trojan House on 09.13.21 at 7:15 pm
#19 SoggyShorts on 09.13.21 at 3:34 pm

“Wait… aren’t old and sick people dying in part because the hospitals are stressed, and aren’t they stressed due to covidiots (anti-mask/vax)?
But you blame “corrupt govts”?

time for a long hard look in the mirror mate.”

No, old and sick people are dying because they are old and sick. What do you think that they live forever? The average stay at a long term care home is just over 2 years and by stay I mean before they pass. If said old and sick person is sent to hospital, then the likelihood is that’s it for them unfortunately.

———

Yes. You are totally correct. As much as you are correct, your time will come too. That…is the sound of inevitability. And trust me, you don’t want covidiots jamming the hospital when you need help to alleviate your suffering.

I laugh at you and all your covidiot friends while I sit pretty and fully vaccinated not clogging up the hospital system.

Do you know what karma is? Apparently not. Unfortunately for you, its coming for you regardless.

#90 Yukon Elvis on 09.13.21 at 9:04 pm

Correct me if i am wrong. Stats Can (the federal govt.) calculates and establishes the inflation rate via the CPI (consumer price index). That is the number that the BOC (Bank of Canada) uses to calculate interest rates. Therefore the federal govt. via StatsCan can manipulate interest rates by misstating the rate of inflation and interest rates can be kept low. Am I wrong? Just wondering how they never seem to calculate the actual inflation rate correctly.

Your tinfoil is tight. – Garth

#91 Ponzius Pilatus on 09.13.21 at 9:15 pm

#85 Don, IHTC
First step…

Everyone should know how to change their auto oil.
———————-
Depends on what your opportunity cost of the time spent on the oil change is.

#92 Wise Guy on 09.13.21 at 9:22 pm

I considered the 50/50 mortgage, but just renewed today for 2.14% for 5 years with the big blue bank. This blog was one day late for me to read! LoL

#93 FriedEggs on 09.13.21 at 9:28 pm

Oh you’re not vaccinated yet – theirs still 3-4 more boxes to fill in.

Enjoy your profits, while your spirit decays. My broccoli tastes boring.

#94 Vanreal on 09.13.21 at 9:35 pm

I read somewhere that after the Second World War governments purposely kept interest rates low while inflation increased in order to help pay off the massive debts they’d accumulated fighting the war. Apparently the thinking of some economists is that the government will once again use this approach to help pay off the COVID debt more quickly. There is a term for this which I’ve forgotten. Perhaps Garth knows?

#95 Jacques Pépin on 09.13.21 at 9:40 pm

#83 Ponzius Pilatus

Restaurants are a waste of money. They are a non-productive and frivolous part of a degenerate society.

Eat a sandwich; stop destroying the earth for your lavender infused vanilla chai bacon flavoured chicken thighs.

#96 Phylis on 09.13.21 at 9:44 pm

#49 willworkforpickles on 09.13.21 at 6:00 pm
#16 Linda
“I’ve read that if the Bank of Canada doesn’t increase rates in lockstep with the Federal Reserve that the Canadian $ will drop like a lead brick. Also, what is this fan dance with inflation that our government seems to be doing? Who do they think they are fooling when publishing the ridiculously low numbers? Anyone who has been purchasing life’s necessities can testify that the prices being paid are a lot higher than those measly numbers the government keeps on publishing.”
…………………………………………………………………………………………………….

I have gone over those 2 particular subjects dozens of times here in the last year.
Assuming few if any ever read what i have to say i can tell you i have even said that i have lost count in the number of ways i have described the same things but all with the same meaning.
Most of Canada’s trade is with the US so rates will/must follow the US lead to stay competitive.
With regard to inflation the BoC plays follow the leader with the Fed as they manipulate the inflation rate.
The Bureau of Statistics who produce the Consumer Price Index revise the actual inflation numbers the Fed closely monitors to fit their agenda in order to keep the markets rolling along full tilt.
An inflationary climate is antithesis to the markets so they stay propped up with (low) artificial/fake inflation numbers bolstered by the Fed while consumers pay the cost of real – high inflation as we are doing now.
Xxxxxxxxx
I’ll chime in when I see ‘sticker shock’ back in the headlines.

#97 Real Van on 09.13.21 at 9:45 pm

#94 Vanreal

Is it called fraud? Manipulation? Theft?

#98 Barb on 09.13.21 at 9:52 pm

#77
“Libs shift to the left, become indistinguishable from the NDP, and the two parties merge.”

—————————-
Bite your tongue.
Please.

#99 DON on 09.13.21 at 9:55 pm

#91 Ponzius Pilatus on 09.13.21 at 9:15 pm
#85 Don, IHTC
First step…

Everyone should know how to change their auto oil.
———————-
Depends on what your opportunity cost of the time spent on the oil change is.

*******

It takes longer to make an appointment and take it in and pick it up. Could have it done by that time. Plus it teaches you to get involved in the maintenance aspect.

Yes not for everyone…same argument for stopping for coffee in the morning commute rather than investing in a coffee machine that turns itself on in the morning.

#100 Trojan House on 09.13.21 at 10:01 pm

#89 Stone on 09.13.21 at 9:01 pm

I don’t quite understand your comment. Are you saying that you are immortal?

#101 Phylis on 09.13.21 at 10:02 pm

#91 Ponzius Pilatus on 09.13.21 at 9:15 pm
#85 Don, IHTC
First step…

Everyone should know how to change their auto oil.
———————-
Depends on what your opportunity cost of the time spent on the oil change is.
Xxxxxx
This is inspiring, if you have enough time to come here, you have the opportunity to change your oil. I’m going to do it. Sounds like a job for youtubing it!

#102 crowdedelevatorfartz on 09.13.21 at 10:09 pm

@#95 Jacques Pepin
“Restaurants are a waste of money. They are a non-productive and frivolous part of a degenerate society.”

++++

Apparently you have never been to a wedding reception in Bowser BC.

#103 Doug t on 09.13.21 at 10:11 pm

My wife and I just had dinner at a pub in Victoria- and I have to say it was quite a dystopian experience for sure – we are both double shot – walking up to the entrance was a burly security guard asking for iD and proof of vaccine and then gave us a ticket to show our server that yes indeed we were pure lol – it’s such a crazy time – we shall see where this all leads us and when/if it ever ends hahah

#104 Johnny Carson on 09.13.21 at 10:12 pm

I’m watching an old re-run of Johnny Carson.

Johnny just made a joke at Joe Biden’s expense about Biden plagiarizing JFK’s and Kinnock’s speeches.

Bizarre! Carrier politician indeed.

#105 Arctic Gringo: Qalunaaq on 09.13.21 at 10:32 pm

28 IHCTD9 – agreed.

South Main Auto Repair in Avoca, NY has an excellent educational and wickedly hilarious Youtube channel on the fine art of common and advanced vehicle maintenance and diagnosis. He’s saved me hundreds, if not thousands, in labour costs over the past 5 years on our 2 Ford junkers.

#106 Yukon Elvis on 09.13.21 at 10:37 pm

#90 Yukon Elvis on 09.13.21 at 9:04 pm
Correct me if i am wrong. Stats Can (the federal govt.) calculates and establishes the inflation rate via the CPI (consumer price index). That is the number that the BOC (Bank of Canada) uses to calculate interest rates. Therefore the federal govt. via StatsCan can manipulate interest rates by misstating the rate of inflation and interest rates can be kept low. Am I wrong? Just wondering how they never seem to calculate the actual inflation rate correctly.

Your tinfoil is tight. – Garth
+++++++++++++++++++++++++
Your answer does not really educate me or address the question of how and why does Stats Can always get the CPI number so wrong.

#107 S.Bby on 09.13.21 at 11:03 pm

#41 cuke and tomato picker

That’s precisely why I would not vote for Trudeau.

#108 S.Bby on 09.13.21 at 11:05 pm

#90 Yukon Elvis

They change the basket of goods to suit whatever they want the inflation number to be.

False. – Garth

#109 Timberr on 09.13.21 at 11:15 pm

A promising Canadian biotech company originally focused on cancer treatments pivots to Covid-19 mRNA technology development and inks a licensing deal with China. What could go wrong?! The race for the green is full on!

https://financialpost.com/news/chinese-firm-buys-canada-mrna-vaccine-tech-in-500-million-deal

“Chinese biopharma firm Everest Medicines Ltd. will license an mRNA COVID-19 vaccine from Canada’s Providence Therapeutics Holdings Inc”

“It will pay US$100 million cash upfront for access to the vaccines and mRNA technology, and up to US$100 million in profit-sharing, the statement said. The deal includes another payment of up to US$300 million in stock if further products are developed using Providence’s mRNA technology platform.”

https://providencetherapeutics.com/about/meet-the-team.html

#110 Greg Franklin on 09.13.21 at 11:42 pm

Garth, I know you don’t like GIC’s at these low rates but there are a few things that i want to point out so people know more about GIC’s. It is not so plain and simple as you stated. There are many tax aspects about different people owning GIC’s.

Inside a TFSA GIC there is no interest income to be included or to pay tax on so it is not 100% taxable interest with TFSA’s. It is 100% tax free and does not impact any government CPP, OAS, benefits.

Inside an RRSP GIC, the interest income or compound interest is 100% tax deferred or tax sheltered. You only pay tax any withdrawals made which is 100% taxable at that time. However, any other investments from stocks, bonds, ETF’s, mutual funds, REIT’s etc. are all 100% taxable as well when an RRSP is withdrawn. This means there is no tax disadvantage with GIC’s in RRSP’s. This all applies to LIRA’s, LRIF’s, LIF’s, RDSP’s, RESP’s, DPSP’s.

Inside a RRIF GIC, the first $2,000 RRIF GIC withdrawal is 100% tax free if you are 65 years and older. Just like RRSP’s, RRIF GIC’s, any money that is remaining in them is not taxed until a RRIF withdrawal is made or required. This means there is no tax disadvantage to a RRIF GIC versus any other investments like stocks, bonds, REIT’s, ETF’s etc. inside a RRIF.

As for regular, non-registered GIC’s, it is not true that most people that get GIC interest have to have it compounded and pay taxes on money never received each year. You have an option when you open the GIC to get annual interest paid or annual compound interest. You can receive your annual interest paid into a bank account.

Also, most people that buy GIC’s will not pay alot of taxes on them. They are not going to pay 30% to 50% as most people think because they are 100% taxable or included in your income. There are joint GIC’s where interest is split and taxed at lower income tax rates. Also, many factors from higher personal amounts from disability to age, medical expenses and other non-refundable taxcredits increase the amount of income you can make without paying income taxes.

For instance, a 65 year old in Ontario, can make the first $18,000 a year in income with almost no to little income taxes. This maybe 5% to 10% at most.The next income above that until $46,000, so the next $28,000 is taxed at most 22%.

This means for instance, two Ontario retirees that make say $16,000 a year in CPP, OAS each plus $16,000 a year each in interest income would pay a low to modest tax rate.

This example, $64,000 a year in total income for these two retirees would pay maximum $7,000 total income taxes or 10.93% and keep 89.07% of all their CPP, OAS, interest income from regular, non-registered GIC’s. This would be even lower since they get GST/HST credits and other senior tax credits from property taxes credits, sales taxes credits, energy tax credits etc.

Even if they had a much higher income total income of say $92,000 from $46,000 each, they still would pay maximum 13.83% or $12,723 total income taxes. They would still keep 86.17% which is still pretty good.

If they had the disability tax credit, other tax credits or any other tax reductions like medical expenses, money from a RRIF, TFSA available to them, they would pay even less income taxes. Basically, most Canadians will not pay high income taxes with GIC interest paid every year or GIC compound interest and anywhere from 10% to 22% at most. They will not pay 30% to 50% as most people think or are told.

#111 cuke and tomato picker on 09.13.21 at 11:50 pm

Alberta had 4740 cases in total for Sept.11,12,and 13th.

#112 Tony on 09.13.21 at 11:59 pm

I personally like GIC’s because I can ladder or stagger them. I have a 7 years term GIC’s ladder with bunch of them with my credit union and a few banks here in Ontario.

I use it for a portion of my asset allocation which is 35% in fixed income and reserve account. I know that if I need this money it will be there and no fees, decline in value to worry about. I make my 2.35% average rate with my GIC ladder/staggering and use my other 65% asset allocation to grow my equities, REIT’s.

#113 Ponzius Pilatus on 09.14.21 at 12:29 am

#98 Barb on 09.13.21 at 9:52 pm
#77
“Libs shift to the left, become indistinguishable from the NDP, and the two parties merge.”

—————————-
Bite your tongue.
Please.
——————-
Once the Greens get their stuff together, the 3 left parties will surely merge.

#114 Frank Buck on 09.14.21 at 12:29 am

Foreign media derides the “slavish” Canadian media in its inaccurate support of an internationally unpopular leader.

https://www.washingtonexaminer.com/opinion/have-canadians-wearied-of-trudeaus-vapid-wokeness

Is the pendulum of survival now exposing ‘ woke’ as a joke?

#115 Ponzius Pilatus on 09.14.21 at 12:35 am

#101 Phylis on 09.13.21 at 10:02 pm
#91 Ponzius Pilatus on 09.13.21 at 9:15 pm
#85 Don, IHTC
First step…

Everyone should know how to change their auto oil.
———————-
Depends on what your opportunity cost of the time spent on the oil change is.
Xxxxxx
This is inspiring, if you have enough time to come here, you have the opportunity to change your oil. I’m going to do it. Sounds like a job for youtubing it!
———————
No one is stopping you people from changing your own oil.
Just don’t be sanctimonious about it.

#116 Ballingsford on 09.14.21 at 12:44 am

#92 Wise Guy on 09.13.21 at 9:22 pm
I considered the 50/50 mortgage, but just renewed today for 2.14% for 5 years with the big blue bank. This blog was one day late for me to read! LoL
*****
Big Blue for me too. 2.25, but that was a couple of months ago. 50/50 wasn’t mentioned. Posession date next month. Hope the banker guy lets me know, but seems to be over worked with many clients.

Too many guys working in the [email protected] job these days.

Prefer nice ladies at the bank instead of nice guys at the bank.

#117 crowdedelevatorfartz on 09.14.21 at 12:48 am

I was at the advanced polls tonight.
VERY busy.

#118 Ballingsford on 09.14.21 at 12:56 am

Gas prices rising now. In another 3.5 months 2022, add 15 cents more for carbon tax at the pump. That price won’t come down, non-negotiable

Pump that!

#119 Ballingsford on 09.14.21 at 1:22 am

I suppose all electric vehicles might come true in 2030 with the price of fuel rising and carbon tax.

Keep a gas car in your garage for special rides and drive the electric one for short trips.

Keep your kids away from working at battery recycling plants if health is a concern. They might pay a nice wage if they are OK with having a shorter life.

#120 Faron on 09.14.21 at 3:09 am

#81 the Jaguar on 09.13.21 at 8:20 pm

Well put. However, I disagree about letting Kenney off the hook. While his leadership doesn’t seem as bumbly as Ford’s and he may have a more unruly electorate in Albertans, he made the pandemic much more political and leaned way too far from the science. Granted, it was a business friendly gamble and it was hard to imagine how bad this wave would be back in sunny July. But he needs to wear at least part of the fact that ICUs are spilling over and unvaxxed people are dying because he was a little too afraid of pissing off the anti maskers and the anti vaxxers who make up a part of his base. At some point, he had to do the right thing and he chose his career over the health of Albertans.

#121 Faron on 09.14.21 at 3:11 am

Voted today. I feel it is in poor taste to announce who you voted for, so I will keep that private. Managed to bring the basset hound along for the stroll to the poll. 1/2 km is getting to be a bit much of a walk for the guy, but he was greeted warmly. He’s reached the age of infinite and on-demand cookies.

#122 Faron on 09.14.21 at 3:16 am

#146 When Will They Raise Rates? on 09.10.21 at 10:14 pm

#143 Faron on 09.10.21 at 9:54 pm

Why do useful idiots hate freedom?

LOL. I love how idiots (at least I’m a useful one) swing from a comment about freedom to YOU HATE FREEDOM. Fox news much? Or are you a Rebel News guy. I can never keep it straight. /s

#123 the Jaguar on 09.14.21 at 7:44 am

NP Snippet on the WFH debate. The generation who wasn’t allowed to “fail” and where everyone received a ” ribbon for participation” expresses their concerns. WFH is you own self designed ‘Safe Space’, isn’t it? Darn those old meanies at the office….. :
“A KPMG Canada survey from May found 77 per cent of Canadians want a hybrid work model for their workplace, but 81 per cent were worried their bosses weren’t prepared to manage hybrid work and its “in-groups” and “out-groups.”
Forty-nine per cent said they worried they’d be overlooked for promotions or face discrimination for working at home, and 45 per cent said they believe their employer doesn’t understand the implications of a hybrid workplace.
“…..“staying visible” is more challenging for employees working from home. “

#124 the Jaguar on 09.14.21 at 7:51 am

Irresistible. NP Snippet: This from Sheri Elwood about her new entertainment series ‘Moonshine’, set in Nova Scotia:

“There’s just a very specific emotional patchwork here that I haven’t really experienced in other parts of Canada, or Los Angeles or New York or anywhere else in the world. People aren’t afraid to let it all hang out here — in the best and worst of ways,” says Elwood.

“I’ve seen a lot of stories set in Nova Scotia, but no one ever told the story of my Nova Scotia, which is messy and dysfunctional. In this part of the world, there are a lot of artists and hippies and draft dodgers. It’s just not the polished, pretty version of the Maritimes that we generally get to see on TV.”

Explains a lot about certain peeps who post from the South Shore, lol.

#125 Do we have all the facts on 09.14.21 at 8:11 am

One week to the Federal election and I have yet to hear any political party seriously address the serious shortage of extended care accommodation for senior citizens across Canada. Over the next ten years the number of Canadians who will require affordable accommodation in a long term care facility will increase by a minimum of 30%. The most critical need for affordable housing in Canada is not with households under 40 years of age but with tens of thousands of senior citizens currently in need of extended care.

Over 17,000 of the 27,000 deaths attributed to the Covid 19 virus in Canada (63%) involved senior citizens living in, or waiting for accommodation in, a long term care facility. One would have expected that an investment of over $500 billion to mitigate the impact of the Covid 19 virus on Canadian citizens might have focussed on the need to improve the health care of citizens in need of extended care.

In Ontario alone there are more that 37,000 senior citizens waiting for a bed in a long term care facility . In response to the Covid 19 virus the Province of Ontario has taken steps to eliminate the placement of more than two residents in a single room. This decision was long overdue but will have immediate ramifications.

Since over 50% of the 260,000+ long term care beds in Canada in 2021 are operated by for-profit companies in it will be interesting to see how a reduction of density to a maximum of two residents per room will improve affordability without a substantial increase in financial support from the Government of Canada.

The Liberal government has promised to support the construction of 1.400,000 units of affordable housing. Might I respectfully suggest that they start by revisiting the financial support for affordable housing for senior citizens offered under the National Housing Act prior to 1995. Leaving the construction and operation of long term care beds to for-profit companies will not improve affordability. A substantial increase in financial support from the Government of Canada is essential to avoid the impact that future viral infections might have on Canadian citizens requiring extended care.

This is no time for sanctimonious posturing. Future lives
are at risk.

#126 crowdedelevatorfartz on 09.14.21 at 8:17 am

@#114 Frank Buck

“Is the pendulum of survival now exposing ‘ woke’ as a joke?”

+++

Well, if the polls are to be believed….
There are enough vapid voters in the cities out there to re elect Trudeau to another minority.
$600 million and 6 weeks electioneering during a pandemic to stroke his ego for another 5 years of uncontrolled spending …
God help this country after that.

#127 Vic on 09.14.21 at 8:28 am

Just reported:

“According to CBC’s Poll Tracker, the Liberals have moved ahead of the Conservatives in national support for the first time in more than two weeks…”

This is national popularity, not by riding, where the Cons faltering support is wildly influenced by huge majorities in Alberta and SK.

The Libs tend to have more balanced support, so they are much better prepared to win tight ridings. Erin will be completely shut out of many, in Quebec and BC.

This is now looking baked in, folks.

Liberal win? About 90% likely now.

Liberal majority? About 60% likely now.

https://338canada.com/

#128 crowdedelevatorfartz on 09.14.21 at 8:37 am

@#121 Faron

” I feel it is in poor taste to announce who you voted for, so I will keep that private.”

++++

I’m assuming you don’t want people to know you voted ….Conservative.

#129 Jacques Pépin on 09.14.21 at 8:51 am

#103 Doug t

Dining out is nothing short of horrific. The entire vibe and social aspect of it is completely ruined.

You’ve got limits at tables for starters.

You’ve got mostly outdoor patios, improvised in street parking spots – because nothing is as enjoyable as fine dining next to idling cars. If they aren’t idling, they are driving by kicking up dust into your food. SO NICE!

Always a bonus a nice 5T truck going by at 40-50km/h because the noise and pull of air is sure to make things romantic on your date. Or how about a TTC streetcar going by right next to your table? Not exciting enough – for extra bonus points a nice lovely GFL garbage truck driving by on a hot summer day or evening. OH YES! There is just nothing like it. If you’re really lucky the traffic will make it stop right next to you so you can have some extra time to take in the ambiance.

Not enough still? How about the rubbing alcohol and bleach chemical smells at your table? SOOOOO appetizing. If all goes well the people on either side of you will leave as you’re dining and the sprays on that table will reach you and your food as you dine for that mist of coolness.

Or how about your server fixing their mask at least 6 times as she tries to tell you the specials before they handle your food. Imagine how the masked souls in the kitchen are dealing with it.

Oh, you’re going inside? Where you are spaced out and greeted by a showroom of plexiglass? Look at all the shapes, thicknesses and sizes! Are we dining in a open aquarium?

Restaurants have been brutalized, and so has the dining experience. It just isn’t worth the hassle anymore. Not even for lavender infused vanilla chai bacon flavoured chicken thighs.

#130 Dharma Bum on 09.14.21 at 8:56 am

Interest rates high?

DUE TO COVID™

Everything you want is out of stock?

DUE TO COVID™

Have to wear a stupid mask?

DUE TO COVID™

Terrible service everywhere you go?

DUE TO COVID™

Long line ups in grocery stores for no reason?

DUE TO COVID™

Supply chain problems world wide?

DUE TO COVID™

Can’t get your kid into school?

DUE TO COVID™

Prices of everything stupidly through the roof?

DUE TO COVID™

Crappy houses in Podunk Hicksville priced high?

DUE TO COVID™

Can’t drive across the border?

DUE TO COVID™

Canada Post not taking responsibility for horrible service?

DUE TO COVID™

People still effing the dee calling it WFH?

DUE TO COVID™

The news media endlessly blathering about daily cases?

DUE TO COVID™

The excuse of the century for laziness and incompetence.

#131 KLNR on 09.14.21 at 9:05 am

@#127 Vic on 09.14.21 at 8:28 am
Just reported:

“According to CBC’s Poll Tracker, the Liberals have moved ahead of the Conservatives in national support for the first time in more than two weeks…”

This is national popularity, not by riding, where the Cons faltering support is wildly influenced by huge majorities in Alberta and SK.

The Libs tend to have more balanced support, so they are much better prepared to win tight ridings. Erin will be completely shut out of many, in Quebec and BC.

This is now looking baked in, folks.

Liberal win? About 90% likely now.

Liberal majority? About 60% likely now.

https://338canada.com/

thought otool might be a step up from sheer.
looks like he’s a step below. amateur hour.

#132 Trudeau is on 09.14.21 at 9:16 am

DELETED

#133 Do we have all the facts on 09.14.21 at 9:23 am

#90 Yukon Elvis

I feel that many Canadian are not aware that the CPI established by Statistics Canada has recently been modified by the Bank of Canada to exclude a number of volatile (inflation prone) components from ‘core inflation’.
The Bank of Canada refers to this modified index as
CPIXFET and is only used by the BOC.

It is this modified index that the BOC will refer to when evaluating whether ‘core’ inflation within Canada remains within their target range and whether an increase in the overnight rate might be warranted.

Statistics Canada on the other hand often changes the weighting of components within their basket of goods but these changes in weighting have no bearing on the interest rates set by the BOC.

The modifications made to the CPI by the BOC (CPIXFET) however do have a very significant bearing on future changes to the overnight interest rate.

Based on that reality your concern over modifications to the CPI have merit when aimed at the right target.

Given the importance that the ‘Core’ inflation index (CPIXFET) developed by the BOC has on future interest rates it might be useful for Canadians to understand how it is constructed and how it differs from the CPI developed by Statistics Canada.

Just a thought!

#134 crowdedelevatorfartz on 09.14.21 at 9:24 am

@#130 Dharma blues

“The excuse of the century for laziness and incompetence.”

+++

May we also add “cynicism” to that sentence?
:(

#135 James on 09.14.21 at 9:34 am

#83 Ponzius Pilatus on 09.13.21 at 8:24 pm

I will only spend my mullah at places that ask for a vaxpass.
Many restaurants now realize that the vaxxed ones don’t want to sit beside unvaxxed zealots.
________________________________________
Agreed eventually the unvaxxed will understand why they are standing out in the cold trying to huff down that slice of luke warm pizza while we can eat hot Bombolotti all’Amatriciana with a glass of wine beside the fireplace and finish it off with Gelato and an expresso. If you don’t want to be vaccinated then I agree that is your right not to but don’t come and protest that your rights are being stripped away because you can’t have the same enjoyments as the vaccinated!

#136 crowdedelevatorfartz on 09.14.21 at 9:34 am

127 Vic

Yes.
The Champagne corks were popping over a year ago in Liberal HQ when O’Toole was announced as the new “Leader” to replace Scheer.

A more bland, vanilla pudding, zero charisma dullard would be very difficult to find let alone imagine, in any political party.
And yet the polls actually swayed his way for a few weeks.

Incredible but there it is.
Another 5 years of Little Potato and his wheezy, breathless, meandering, politically correct woke-isms….
I think he should at least wear a kilt to his inaugural crowning to embrace his declared feminism.

Five more years of his inane drivel….my molars will be ground to dust……

Canada
The laughing stock of the entire planet.

#137 James on 09.14.21 at 9:38 am

#126 crowdedelevatorfartz on 09.14.21 at 8:17 am

@#114 Frank Buck

“Is the pendulum of survival now exposing ‘ woke’ as a joke?”

+++

Well, if the polls are to be believed….
There are enough vapid voters in the cities out there to re elect Trudeau to another minority.
$600 million and 6 weeks electioneering during a pandemic to stroke his ego for another 5 years of uncontrolled spending …
God help this country after that.
____________________________________________
So what changed?

https://www.cbc.ca/news/politics/trudeau-not-eager-for-an-election-1.5848080

#138 calgary rip off on 09.14.21 at 10:04 am

Thank you for this update.

Much data revealed at cell.com shows a number of ideas: 1) Covid mutations is 10 to the -4 when compared to Influenza A(slightly less mutation rate). Mutations are not due to vaccination or non vaccination. Autoimmune persons are known variant producers. One study on cell.com speculates that Alpha the variant from the UK was due to an autoimmune person in that country getting covid and introducing a variant.
2) Despite variants and vaccines introduced before many variants, vaccines do provide protection against variants due to T cell learning and humoral immunity which are long lasting. It can be argued that antibodies do diminish over time. This is true, however the learning of the immune response to covid from vaccines is forever, as is true of many other previous vaccines introduced which eradicated many diseases, such as smallpox.
3)Non vaccinated individuals in the USA risk severe covid outcomes: Either death, permanent impact of unknown outcome due to ACE2 receptors throughout the body, and if survival of an ICU stay, bankruptcy.
In Canada like the USA, if patients can get a bed, they risk infection due to other causes(hospitals are dirty), lung damage from ventilators, and non standardized treatment for protocol as the data for treatment is still emerging, and much of the WHO and CDC data cannot keep up as Delta is not the same as original Covid 19, this is shown by current trends in Kentucky and Idaho and elsewhere, with pregnant women and young people dying within days after acute infection. Additionally, ICU patients do not get to choose which protocol is followed to help them(Ivermectin is unlikely as to get efficacy dosage levels would be severely neurotoxic). And many doctors would not use something as simple as sodium abscorbate intravenous due to “lack of data”.
4)While vitamin D3 shows huge mortality reductions:
https://www.sciencedirect.com/science/article/pii/S0960076021001515?via%3Dihub
Vaccines are a better firstline of defense as while D3 does help, compliance can be an issue as high dosage vitamin D3 can be associated with insomnia due to effects of magnesium usage in the body. As such, adherents may be protected somewhat, but without sleep(vaccines are a free option with definite specific safety and efficacy protocols for covid 19 protection and without causing side effects of insomnia).

“Crap houses cost a million.” Yes. And in Calgary the price year over year is still increasing. Given that pipelines are on hold, what exactly is driving this other than the reality that month to month costs for renting in Calgary are more than mortgages? This trend really helps in helping people to overleverage what they believe they can afford when they have to requalify for their mortgage when that happens.

#139 IHCTD9 on 09.14.21 at 10:13 am

#105 Arctic Gringo: Qalunaaq on 09.13.21 at 10:32 pm
28 IHCTD9 – agreed.

South Main Auto Repair in Avoca, NY has an excellent educational and wickedly hilarious Youtube channel on the fine art of common and advanced vehicle maintenance and diagnosis. He’s saved me hundreds, if not thousands, in labour costs over the past 5 years on our 2 Ford junkers.
___

Youtube is a freaking gold mine for DIY’ers. All this stuff adds up bigly over the years. Fix the fridge, car, house, mower, yard, maintenance on everything.

I’ve saved TENS of thousands over the years looking after repairs and maintenance. Once you get into stuff like building a new deck, renovating a room, re-shingling your roof, putting on an addition yourself, etc.. the savings really start piling up.

I always google up a few vids on any car maintenance/repair that I am about to do – just for a quick preview of what I’m getting into, to see any tricks on how things come apart, and to get the socket sizes and tools required in my head before I do the job. That alone saves me at least a half an hour of screwing around every time!

There are some YT channels that I watch as entertainment where guys work on stuff like “Watch Wes Work” (auto mechanics), “Andrew Camarata” (heavy equipment/property maintenance). It’s kind of surprising how enjoyable it is to watch a repair being made, or an old crappy tool being restored, or a pile of junk being loaded into a dump truck by a track loader and hauled away. Weird…

#140 crowdedelevatorfartz on 09.14.21 at 10:13 am

@#137 James
“So what changed?”

+++

His “on again off again” advisor Butts felt that a majority was within their grasp?

Summer polling looked great.

The SNC Lavalin, and WE charity scandals a distant memory for the younger voters?

Younger voters hooked on twitter and other 15 second sound bites with the memories and attention span of fruit flies over a bowl of rotten fruit or… in this case…. hundreds of billions in CERB handouts…..

And lets not underestimate the 4th wave of Covid sweeping across Canada this Winter.

Think Trudeau will be polling great next March?
His numbers will drop as the Covid deaths rise.

Nah.
Little Potato took the instructions from his handlers and dutifully went into election mode before the ca ca really hits the fan next year.

Minority govts and a very angry populace dont make for long govts.
Election 2024?
One can only hope O’Toole is long gone and someone, anyone with an ounce of charisma has a better election line than “We have a plan for that”….
My god.

#141 DON on 09.14.21 at 10:25 am

#115 Ponzius Pilatus on 09.14.21 at 12:35 am
#101 Phylis on 09.13.21 at 10:02 pm
#91 Ponzius Pilatus on 09.13.21 at 9:15 pm
#85 Don, IHTC
First step…

Everyone should know how to change their auto oil.
———————-
Depends on what your opportunity cost of the time spent on the oil change is.
Xxxxxx
This is inspiring, if you have enough time to come here, you have the opportunity to change your oil. I’m going to do it. Sounds like a job for youtubing it!
———————
No one is stopping you people from changing your own oil.
Just don’t be sanctimonious about it.

******????
Geezus…sanctimonious????

In the spirit of saving money so it can be invested.

I have a new business concept…a drive through shoelace tying business. You can stop on the way to work much like grabbing a coffee.

IH’s original post was to show, do it yourself on the simplier tasks can save a lot of money and reduce the cost of living and the current ”transitory” inflation. It been almost 5 months since people recognized prices were creeping upwards. How long can people tread the ‘transitory’ currents.

#142 Shawn Allen on 09.14.21 at 10:33 am

DNR – Do Not Rationalize with

A doctor has a term for most of those ardently opposed to getting vaccinated – DNR – Do Not Rationalize with. Rational arguments have no impact.

A bit of a dangerous term to have your doctor apply to you.

DNR also applies to many people’s hardened views on the world. Once people are set in their views, they are often completely impervious to rational arguments or mere facts.

#143 Yukon Elvis on 09.14.21 at 10:35 am

#108 S.Bby on 09.13.21 at 11:05 pm
#90 Yukon Elvis

They change the basket of goods to suit whatever they want the inflation number to be.

False. – Garth
++++++++++++++++

You said above “Inflation is 4% (officially – in reality, far higher)”. How and why do they get it so wrong for so long? Tell us if you know so much.

#144 mike from mtl on 09.14.21 at 10:37 am

#129 Jacques Pépin on 09.14.21 at 8:51 am

Restaurants have been brutalized, and so has the dining experience. It just isn’t worth the hassle anymore. Not even for lavender infused vanilla chai bacon flavoured chicken thighs.
//////////////////////////////////////////////////////////

Yep heaven help them, rough business to begin with. Especially now with that vaxpass nonsense the experience must be as pleasant as an airport.

Not that we frequented much the local eateries but since all this began not really a burning desire. If anything we have too many of them, yeah like WFH, eating out now seems like such a frivolous waste.

Both of us are pretty good home cooks and save some complex extensive prep and or deep fried items (not good for you anyway) can dish up most anything.

#145 Ponzius Pilatus on 09.14.21 at 10:41 am

#117 crowdedelevatorfartz on 09.14.21 at 12:48 am
I was at the advanced polls tonight.
VERY busy
——————
“Advanced” as in “for older voters”?

#146 Faron on 09.14.21 at 10:55 am

#128 crowdedelevatorfartz on 09.14.21 at 8:37 am

…conservative?

Hah. Good one.

#136 crowdedelevatorfartz on 09.14.21 at 9:34 am
127 Vic

Yes.
The Champagne corks were popping over a year ago in Liberal HQ when O’Toole was announced as the new “Leader” to replace Scheer

It’s worth noting how often charisma trumps everything else in elections. In the US, Dole, Romney and Kerry come to mind as impossibles even though they all would have been fine presidents. Kind of a wonder Harper won.

#129 Jacques Pépin on 09.14.21 at 8:51 am

Always a bonus a nice 5T truck going by at 40-50km/h

You live in Medicine Hat? Are you other kinds of queen besides drama?

#147 Inequity on 09.14.21 at 11:00 am

#66 Faron

I thought you were leaving and not coming back?

#148 Phylis on 09.14.21 at 11:14 am

#141 DON on 09.14.21 at 10:25 am
#115 Ponzius Pilatus on 09.14.21 at 12:35 am
#101 Phylis on 09.13.21 at 10:02 pm
#91 Ponzius Pilatus on 09.13.21 at 9:15 pm
#85 Don, IHTC
First step…

Everyone should know how to change their auto oil.
———————-
Depends on what your opportunity cost of the time spent on the oil change is.
Xxxxxx
This is inspiring, if you have enough time to come here, you have the opportunity to change your oil. I’m going to do it. Sounds like a job for youtubing it!
———————
No one is stopping you people from changing your own oil.
Just don’t be sanctimonious about it.

******????
Geezus…sanctimonious????

In the spirit of saving money so it can be invested.

I have a new business concept…a drive through shoelace tying business. You can stop on the way to work much like grabbing a coffee.

IH’s original post was to show, do it yourself on the simplier tasks can save a lot of money and reduce the cost of living and the current ”transitory” inflation. It been almost 5 months since people recognized prices were creeping upwards. How long can people tread the ‘transitory’ currents.
Xxxxxxxx
I just didn’t like the line and sitting in the car while they poked and prodded at the car. The up sell for a cabin filter every time is annoying too. Certainly when they tell you if you don’t you’ll get sick. Sheesh. Besides, the change soon message popped up.

#149 Ponzius Pilatus on 09.14.21 at 11:18 am

#147 Inequity on 09.14.21 at 11:00 am
#66 Faron

I thought you were leaving and not coming back?
——————————-
That was Sailo.

#150 Damifino on 09.14.21 at 11:50 am

#140 crowdedelevatorfartz

One can only hope O’Toole is long gone and someone, anyone with an ounce of charisma
———————————

We should avoid charisma like the plaque.

That’s what the current PM has in spades. It doesn’t
serve well the responsibilities of high public service.

One day the preening must stop and the hard work begin. People who love the view in the mirror and the sound of their own voice don’t get beyond vaporware.

#151 Dmitry on 09.14.21 at 11:54 am

DELETED

#152 Russ on 09.14.21 at 12:14 pm

James on 09.14.21 at 9:34 am

#83 Ponzius Pilatus on 09.13.21 at 8:24 pm

I will only spend my mullah at places that ask for a vaxpass.
Many restaurants now realize that the vaxxed ones don’t want to sit beside unvaxxed zealots.
________________________________________
Agreed eventually the unvaxxed will understand why they are standing out in the cold trying to huff down that slice of luke warm pizza while we can eat hot Bombolotti all’Amatriciana with a glass of wine beside the fireplace and finish it off with Gelato and an expresso. If you don’t want to be vaccinated then I agree that is your right not to but don’t come and protest that your rights are being stripped away because you can’t have the same enjoyments as the vaccinated!

—————————————

This is a good illustration on acceptable discrimination.

For many of the comments here, just for fun, substitute Indian, black or homeless in place of anit-vaxx or unvaxx’d and you will see how easy it is for popular discrimination to occur in society.

The anti-vaxx belong at the back of the bus behind a plexiglass shield.
The un-vaxx can go to a separate school (and live there in residence) run by a non-government organization.
The gay kind can pay for the aids therapy, as it was their choice to be that way.

You get the picture. I suspect this time too will be judged negatively, in the future.

Cheers, R

#153 DON on 09.14.21 at 12:34 pm

#148 Phylis on 09.14.21 at 11:14 am
#141 DON on 09.14.21 at 10:25 am
#115 Ponzius Pilatus on 09.14.21 at 12:35 am
#101 Phylis on 09.13.21 at 10:02 pm
#91 Ponzius Pilatus on 09.13.21 at 9:15 pm
#85 Don, IHTC
First step…

Everyone should know how to change their auto oil.
———————-
Depends on what your opportunity cost of the time spent on the oil change is.
Xxxxxx
This is inspiring, if you have enough time to come here, you have the opportunity to change your oil. I’m going to do it. Sounds like a job for youtubing it!
———————
No one is stopping you people from changing your own oil.
Just don’t be sanctimonious about it.

******????
Geezus…sanctimonious????

In the spirit of saving money so it can be invested.

I have a new business concept…a drive through shoelace tying business. You can stop on the way to work much like grabbing a coffee.

IH’s original post was to show, do it yourself on the simplier tasks can save a lot of money and reduce the cost of living and the current ”transitory” inflation. It been almost 5 months since people recognized prices were creeping upwards. How long can people tread the ‘transitory’ currents.
Xxxxxxxx
I just didn’t like the line and sitting in the car while they poked and prodded at the car. The up sell for a cabin filter every time is annoying too. Certainly when they tell you if you don’t you’ll get sick. Sheesh. Besides, the change soon message popped up.

********
Yup the upsell while sitting there. The fear that your winshield wiper fuild is out..lol. Great that they check all the lights…But most people can change a bulb.

I had to take one vehicle in to get a professional to change the oil in order to keep the extended warranty. They billed me for a light bulb change $50 dollars labour…I only asked them to change the oil. All it takes is three screws and plug a new bulb in.

It can be a costly experience visiting any mechanic without prior research/knowledge…simple You tube search can save you a lot of stress.

#154 IHCTD9 on 09.14.21 at 12:36 pm

#141 DON on 09.14.21 at 10:25 am
#115 Ponzius Pilatus on 09.14.21 at 12:35 am
#101 Phylis on 09.13.21 at 10:02 pm
#91 Ponzius Pilatus on 09.13.21 at 9:15 pm
#85 Don, IHTC
First step…

Everyone should know how to change their auto oil.
———————-
Depends on what your opportunity cost of the time spent on the oil change is.
Xxxxxx
This is inspiring, if you have enough time to come here, you have the opportunity to change your oil. I’m going to do it. Sounds like a job for youtubing it!
———————
No one is stopping you people from changing your own oil.
Just don’t be sanctimonious about it.

******????
Geezus…sanctimonious????

In the spirit of saving money so it can be invested.

I have a new business concept…a drive through shoelace tying business. You can stop on the way to work much like grabbing a coffee.

IH’s original post was to show, do it yourself on the simplier tasks can save a lot of money and reduce the cost of living and the current ”transitory” inflation. It been almost 5 months since people recognized prices were creeping upwards. How long can people tread the ‘transitory’ currents.
________

Yep, it’s tough to radiate moral superiority thru laying in the dirt under a truck while wrestling with a grimy oil filter…

Hey, I’d much rather be a hotshot investor on Wall Street Bets making 100’s of thousands per week with diamond hands etc… but I’m not. So laying in the dirt for 10 minutes to save 50.00 will have to do :D

#155 DON on 09.14.21 at 12:42 pm

@#148 Phylis on 09.14.21 at 11:14 am

My change oil light was still on. I googled how to reset for my make/model. It was a combo of turning the key to on…not start and pressing one of pedals three times in a ten second period etc. Just had that problem last week.

Cheers,

@Russ

I had the same thought about discrimination unvaxxed/etc. cheers,

#156 Russ on 09.14.21 at 12:45 pm

Hey DON & crawler guy,

Can we move on to brake servicing?

What is the best brand for the buck these days? I usually buy Rabestos (out of familiarity) even though they took the best part out, but left it in the name.

Cheers, R

#157 KLNR on 09.14.21 at 1:00 pm

@#152 Russ on 09.14.21 at 12:14 pm
James on 09.14.21 at 9:34 am

#83 Ponzius Pilatus on 09.13.21 at 8:24 pm

I will only spend my mullah at places that ask for a vaxpass.
Many restaurants now realize that the vaxxed ones don’t want to sit beside unvaxxed zealots.
________________________________________
Agreed eventually the unvaxxed will understand why they are standing out in the cold trying to huff down that slice of luke warm pizza while we can eat hot Bombolotti all’Amatriciana with a glass of wine beside the fireplace and finish it off with Gelato and an expresso. If you don’t want to be vaccinated then I agree that is your right not to but don’t come and protest that your rights are being stripped away because you can’t have the same enjoyments as the vaccinated!

—————————————

This is a good illustration on acceptable discrimination.

For many of the comments here, just for fun, substitute Indian, black or homeless in place of anit-vaxx or unvaxx’d and you will see how easy it is for popular discrimination to occur in society.

The anti-vaxx belong at the back of the bus behind a plexiglass shield.
The un-vaxx can go to a separate school (and live there in residence) run by a non-government organization.
The gay kind can pay for the aids therapy, as it was their choice to be that way.

You get the picture. I suspect this time too will be judged negatively, in the future.

Cheers, R

pfft, apples and oranges argument.

#158 Planetgoofy on 09.14.21 at 1:16 pm

#41 cuke and tomato picker on 09.13.21 at 5:20 pm
Yes old people are savers in some cases they know the value of a dollar because they were raised by parents who lived through the Great Depression. As a result they will vote for MR. JUSTIN TRUDEAU to get the 10 per cent
extra on their pensions. They will encourage their children and grandchildren to vote for MR. JUSTIN TRUDEAU . Three generations WIN.

Five hundred bucks a year. Don’t count on it. – Garth
——————————————-
Ya ya didn’t think it through. Inflation compounds and any so called FREE money is easily inflated away. I’ve seen price increases on a lot of goods 10-30% in the last year alone.
Ya real smart vote for more free money.
At least the guy figured that out that people are easily bribed.

#159 Dogman01 on 09.14.21 at 1:28 pm

#117 crowdedelevatorfartz on 09.14.21 at 12:48 am
I was at the advanced polls tonight.
VERY busy

————————

The advanced poll I observed all evening yesterday had a significant line. Very Busy.
The poll “lead” indicated to me that he expects high turnout Monday based on what he has seen thus far.

#160 Sara on 09.14.21 at 1:33 pm

#152 Russ

For many of the comments here, just for fun, substitute Indian, black or homeless in place of anit-vaxx or unvaxx’d and you will see how easy it is for popular discrimination to occur in society.

============
Just for fun. Think about how hard it would be to stop being Indian, black or homeless. Then think about how hard it would be to stop being unvaccinated.

#161 DON on 09.14.21 at 1:34 pm

#156 Russ on 09.14.21 at 12:45 pm
Hey DON & crawler guy,

Can we move on to brake servicing?

What is the best brand for the buck these days? I usually buy Rabestos (out of familiarity) even though they took the best part out, but left it in the name.

Cheers, R

************
Just went through that experience. Befors I bought the latest vehicke i googled most common problems and the rotors and breaks were problematic…i accepted the risk. I replaced all the brakes and rotors last year. Went with the cheapest rotors and pads. A year later it looks like the rotors got slightly warped. Could have been the gravel roads and the heat wave. So this time i went with the mid grade rotors and cheap pads. Hopefully to last a bit longer on the fronts. Just redoing the fronts. Would cost $266 parts and what $500 hundred labour. just for the fronts.

Like IH said…you tube for the right tools…most common problems and tricks. Not all will apply to your context. You have to get the right tool to depress the caliphers in order to get them back on with the new pads. Usually a cheap tool…you can always borrow the calipher tool set from the local Canadian tire for free…just have to give your credit card #.

You tube takes a lot of the mystery away.

Cheers.

#162 IHCTD9 on 09.14.21 at 1:37 pm

#156 Russ on 09.14.21 at 12:45 pm
Hey DON & crawler guy,

Can we move on to brake servicing?

What is the best brand for the buck these days? I usually buy Rabestos (out of familiarity) even though they took the best part out, but left it in the name.

Cheers, R
___

For me anyway, I don’t shop brake pads by brand. I usually just go to Amazon and look at the feedback and prices and find a good deal on what seems to be an acceptable part and fire an order. That may mean I buy more expensive parts – all depends.

I make sure never to get the cheapest brakes though – I did that once, never again. Junk.

I just did 4 wheel disks/pads on Ms IH’s car this spring and ended up getting “NAPA” brand parts. They were decent. I never re-use disks, always replace them with the pads, so they don’t need to be super top quality.

#163 Planetgoofy on 09.14.21 at 1:38 pm

#156 Russ on 09.14.21 at 12:45 pm

2 words for you “Rock Auto” for parts. Somethings like O2 sensors your can save a ton. I buy a pile of stuff at once. Plugs oil filters ect. They ship to Canada taxes and currency all done the their site. They have a ton of brands. For my Tundra always OEM.
My Duramax I just bought a Oil, Fuel filter and water sensor for $120 rather than $220. As shop charges way more never mind the labor.

#164 NoName on 09.14.21 at 1:40 pm

#154 IHCTD9 on 09.14.21 at 12:36 pm

So laying in the dirt for 10 minutes to save 50.00 will have to do :D

for me its more like 20-40min depending on a car, and saving is much more them 50 per oil change. if you put long life 20k oil in (filter and oil 50low-85high depending did you pick oil on last sale 50% off) sale, that is 3x time longer interval what garage would recomed (am sure they know better than oil manufacturer) and garges puts some funny synthetic for 110-120 per oil change.
I generaly di 2 oil changes a year march/apr and late sep, but there are times that oil comes out in winter, so crawling for me garage does it.

me +tax
(85 worce case price scenario, best case price scenario 50+tax)
so 85 in 20k out
so 85 in 20k out
responsible disposal, 0cad at city recycling place (11L waste)

garage + tax
so 110 in 7k out
so 110 in 7k out
so 110 in 7k out
so 110 in 7k out
so 110 in 7k out
so 110 in 7k out (35L waste)
responsible disposal, charge added at end each oil change

Castrol long performance goes in hi rev happy robust very well engenired and designed engine (90hp per L), and equivalent mobil1 goes is powerful but delicate turbo (122hp per L) or reg aspirated engine (80hp per L).

Now you all know.

#165 Ponzius Pilatus on 09.14.21 at 1:41 pm

#154 IHTC
Yep, it’s tough to radiate moral superiority thru laying in the dirt under a truck while wrestling with a grimy oil filter…

Hey, I’d much rather be a hotshot investor on Wall Street Bets making 100’s of thousands per week with diamond hands etc… but I’m not. So laying in the dirt for 10 minutes to save 50.00 will have to do :D
——————
Haha,
Good one.
But the good news is, with an EV everyone can save on oil change costs.
Dump your Canadian Tire Money and Shares.

#166 NoName on 09.14.21 at 1:44 pm

#156 Russ on 09.14.21 at 12:45 pm
Hey DON & crawler guy,

Can we move on to brake servicing?

rockauto premium brake 60% of oem brakes. didn’t do brakes on any of my current cars, yet.

#167 facts on 09.14.21 at 1:50 pm

The double-vaxxed, yet still insecure closet-totalitarian dudes are coming out one by one.

#168 G on 09.14.21 at 1:51 pm

Re your fact from yesterday.
“Fact: MPs get elected by having a concentration of support in a single electoral district. This is why the Libs garnered a majority in 2019 even though the Cons received more votes. It’s all about distribution. Math….”

I took a look at election Canada riding numbers from last time this morning and the party platforms, and tried to recall who I cast my vote for last time.
I’ve been seesawing between two colors I may vote for this time. That Red guy actions are very scary IMO for many reasons.

I think Erin the Blue guy at least may respect the Canadian charter of rights and freedoms. And there party plan sound reasonable. So blue it will be for me this time.

Good luck for the other colors, but Red has got to go! Other colors all have some good points but they aren’t getting in in my riding, guessing on historic voting results for here.

Seems even the first responders understand the importance of maintaining the right to deciding what is ok to do to and go into your body. Even the once who choose to get the vacs because it made sense for them.

If we thought peanuts prevented C-19 would everyone be forced ‘encouraged’ to eat peanuts or else? Even people that might be allergic to peanuts? And I thought one peanut or many two would be enough, how many more are we know hearing about at?

I thought first responders were all brave heroes for working the front lines for more than a year (and they all are) and now if they don’t do something the government want with there bodies they get fired. If it was simply about keeping as many people health and the hospitals staffed and not over loaded why are they being fired now. I thought there was already a shortage of qualified people.

Seems to me we are sitting in a pot of water and the heat is slowly being turned up, got a bit of a break this summer but the heat is going up some more now.
I hope more people are staring to notice. some seem to be hopefully.

I hope whom ever formed the next government understands the Canadian charter is supposes to protect your rights as well as your neighbours rights.

The language I hear more and more that is dehumanising some, just divides people even more and historical examples it often leads to evil acts, for the so-called greater good. I hope I’m wrong about many things. How long has it been since we heard the just two weeks to flatten the curve…
Small shops/companies can’t open and employ people and pay the bills, but big box store are mostly ok.
Dog help use all.

Every time you pay your had earned money toward the PMT’s Carbon tax to fill up your car or heating your home, remember how much PMT’s plane is using to fly back and forth to try and get your vote, that your hard earned taxes are paying for also. Do as I say not as I do.

Waking up on the 21st I wonder what fork in the road we will be on the ruff one getting worse or not as ruff. We will see. Interesting time to be alive. Unless you can’t pay the bills and the credit card debt just keeps growing, I fear for far to many.

#169 facts on 09.14.21 at 3:02 pm

#168 G
Excellent comment.

The coward first-responders, who have no clue how to serve for ‘the greater good’ are thrown under the bus as much by well-off vaxpass card carrying Trudeau-Conservatives, as by desperate people drowning in debt.

#170 Steven Rowlandson on 09.15.21 at 6:43 am

DELETED (Anti-vax)

#171 Steven Rowlandson on 09.15.21 at 6:59 am

RE#127

The big problem in respect to the Conservatives is that they are not in any way conservative and they don’t have the right policies. They are as fiscally and morally irresponsible as their leftist opponents and that is why I have not voted since Brian Mulrony led the PCs to victory over the liberals. They proved themselves to be part of the problem instead of part of the solution to this country’s problems.

Perfection is the enemy of the good. – Garth