Vox canum

Just in time for the federal election the stock market laid an egg. Well, a little one. But nonetheless fowl.

Why did equities give up 2% in the biggest daily slump since July? No, it was not just anticipation of the GreaterFool poll results (more on that below). Also (a) worry about China’s sick property conglomerate Evergrande, (b) expectation the US Fed will lay the groundwork this week for turning off the stimulus tap, (c) a looming American debt ceiling deadline with the potential for a government shutdown, (d) higher inflation and lower housing sentiment (e) too much Covid, too many unvaxed and (f) concern Biden’s massive $4-trillon stimulus package won’t progress.

So it’s the September sell-off a lot of analysts were expecting. Markets have broken below key support levels, suggesting this will go further than 2%. Let’s hope so. Ten per cent would be nice – blowing off some of the excess exuberance, punting the crowdfunding Reddit manipulators out on their artfully-tattooed backsides, and reminding the all-equity cowboys in the steerage section there’s a reason smart investors have balance and a nice collection of differing assets.

Corrections are normal. They’re healthy. We haven’t had a decent one since the reopening trade started well over a year ago. From the virus-low of March, 2020, markets have about doubled. The longer we go without modest pullbacks, the greater the risk of a more serious retreat. The current bundle of worries is triggering a wave of selling and taking risk off the table. Do not be deterred. With less than 30% of the global population vaccinated, there is a helluva reopening trade still to come.

Now, about Canada.

Might be a late night but there’s no need to wait up. According to 4,906 blog dogs who voted here in the last few hours, the Tories have it in the bag. Massively. You gave O’Toole 60% of the ballots, with the Libs a distant second, forming an opposition coalition with some party called ‘None of the Above.’ Trailing badly were the Dippers, barely beating out Mad Max while the Greens turned into compost. Most of you voted in advance, believe the economy (duh) is the major issue and concluding the campaign sucked.

Finally, who are you?

The bulk are Mills and GenX, with a fifth being wrinklies. Ontario and BC residents dominated the poll. Half have a household income north of $150,000 and more than 50% have net worth (including real estate) of a million to five mill. Dozens and dozens of you possess more than $10 million, and we have just sold your data to some dude named J.Singh. Expect a call.

Well, there she be. Now let’s see what the rabble does.

The GreaterFool 2021 Election poll

CLICK IMAGE BELOW TO SEE POLL RESULTS (a new browser window will open, then click on the reduced image to view full-size)

About the picture: “Hey Garth, I read your column everyday and appreciate all your free financial advice, B & D always,” writes Randy.  “This is my sister’s dog, named Trudeau. She is a millennial who has given permission to use this picture after Sept. 20th when his namesake is top dog again.” Do you have a pooch to share with the pack? Send me a picture – [email protected]

241 comments ↓

#1 Yukon Elvis on 09.20.21 at 3:13 pm

So it’s the September sell-off a lot of analysts were expecting. Markets have broken below key support levels, suggesting this will go further than 2%. Let’s hope so. Ten per cent would be nice
+++++++++++++++++++

I hope you are right. I’ve been holding cash since the spring waiting for this.

#2 Rishu on 09.20.21 at 3:14 pm

I’m going to go take a nap. Let’s see if anything changes this evening from this morning. (Liberal Minority?)

#3 Eric on 09.20.21 at 3:15 pm

Well – the election call is necessary… to make sure the Liberals don’t get another 2 years

#4 Flop… on 09.20.21 at 3:17 pm

For all the ink spilt in the comments section the last month or so, I don’t remember anyone declaring that they had changed their mind who they were going to vote for.

Killed some time though…

M47BC

#5 yvr_lurker on 09.20.21 at 3:21 pm

Dozens and dozens of you possess more than $10 million, and we have just sold your data to some dude named J.Singh. Expect a call.

———-
Good one for a laugh. Friends with that Zuckerberg character by any chance? Completely closed my FB account a few years ago when that scandal hit.

#6 Dirty Dan on 09.20.21 at 3:25 pm

I thought you added that as a joke, but…

13 idiots felt assault weapons was the “campaign issue of greatest importance” during a pandemic and current our debt load.

Next time can you please add an obvious “throw away” answer so we know people aren’t taking it seriously… like, “witches” or “systemic racism”.

#7 Habitt on 09.20.21 at 3:28 pm

Poll results here as expected. What will the rabble do ? Lol

#8 Woke up this morning... on 09.20.21 at 3:32 pm

Hey, lets say only positive things about Justin today.

He was good for the markets, wasn’t he?

He made Housing a Human Right in Canada, didn’t he?

He pandered to the woke, without really doing anything.

#9 Boomer on 09.20.21 at 3:35 pm

Well that settles it, if a blog for the one percenter boomers and Gen Xers (the way the poll splits age groups biases it to make readership look younger than it is) can only muster a modest majority for the conservatives, then we are in for one hell of a big night for the liberals.

#10 Woke up this morning... on 09.20.21 at 3:36 pm

This website is a millionaire’s club!

…although probably Canadian dollarettes, and mostly tied up in real estate.

#11 R on 09.20.21 at 3:40 pm

The US is extending it’s travel ban to Canadians due to Covid worries. I guess the 70% double vaxed Canadians are a threat to the 50% double vaxed Americans. The math works of course because we all know America values an American life at least 5 times the value of anyone not American. I was hopeful Biden would be different, but then ,I’m a hopelesss optimist

#12 Paully on 09.20.21 at 3:40 pm

It’s always about the economy. Without a healthy economy, nothing else is possible.

#13 chopstix on 09.20.21 at 3:40 pm

Bloomberg: Morgan Stanley Sees Growing Risk of 20% Drop in S&P 500
https://www.bloomberg.com/news/articles/2021-09-20/morgan-stanley-s-wilson-sees-growing-risk-of-20-drop-in-s-p-500

#14 Carol Stephenson on 09.20.21 at 3:40 pm

Well said! Now who will execute it!??

https://www.bnnbloomberg.ca/stop-picking-on-billionaires-give-us-real-fiscal-policy-carol-stephenson-1.1654790

#15 Prince Polo on 09.20.21 at 3:47 pm

What about option g) global markets shed 2% cuz Canada might lose its incumbent Photo-op Minister!

Bwahahahahaha! He wishes he were that important. Kick him to the CERB!

#16 Piet on 09.20.21 at 3:49 pm

Regardless of the outcome of the election, I hope The Libs get knocked down sufficiently that they get the message that their leader must be replaced. When the results are announced, I will be looking at Sock’s expression to see if he realizes that the gig is over.

#17 Joe on 09.20.21 at 3:49 pm

Aren’t the rich only 10% of Canada’s population? If so then your survey is skewed to that 10% only. The other 90% may vote Liberal since they’re dependent on housing prices and cerb.

#18 Soviet Capitalist on 09.20.21 at 3:53 pm

The poll results are entertaining :)
I spoke recently to a person intending to vote for Justin.
When confronted about ethics violations, her answer was pretty much she does not care as long as the handouts keep coming.
It all depends how big this crowd will turn out to be.

#19 Grunt on 09.20.21 at 3:54 pm

VOX are the alt-right Spanish party under Santiago Abascal. Misogynistic and dead set against the dictators remains being removed from The Valley of the Fallen.

As for Canada. Some mess to clean. If T2 loses he’ll be back again. The PCs have no big name or charisma. Folks abroad won’t be able to name the new PM or give a hoot.

The French are more pissed about the fouled sub deal with Oz.
.

#20 Dolce Vita on 09.20.21 at 4:03 pm

The plurality in the answer to Q3 surprised me.

THAT is what will do in the Liberals tonight.

#21 Pbrasseur on 09.20.21 at 4:04 pm

Asset bubble and debt crisis in China, that one could become interesting!

I guess Gartho’s crowd is not very representative, but still hoping to see the Liberals bite the dust tonight.

#22 Joey jojo on 09.20.21 at 4:08 pm

If only real estate would go down 10% lol

#23 James on 09.20.21 at 4:09 pm

Might be a late night but there’s no need to wait up. According to 4,906 blog dogs who voted here in the last few hours, the Tories have it in the bag. Massively. You gave O’Toole 60% of the ballots, with the Libs a distant second, forming an opposition coalition with some party called ‘None of the Above.’ Trailing badly were the Dippers, barely beating out Mad Max while the Greens turned into compost. Most of you voted in advance, believe the economy (duh) is the major issue and concluding the campaign sucked.
__________________________________________
I would be astounded with a Con majority. Not that I wouldn’t love to see it. However my trust in the fellow humans around me is that they are mere blind sheep and vote for shinny things. If T2 gets back in let’s hope he is handcuffed and that the NDP don’t support his sorry ass again. 610 million dollars Justin well spent you miserable excuse for a leader.

#24 Ponzius Pilatus on 09.20.21 at 4:10 pm

Just saw some virus stats on American TV.
American 7day avg Covid deaths 1,900 infections 150k
Canadian 31 5k
Scared me enough to change my mind and go and vote.
My riding is a close one.
Can’t have the anti vaxers/maskers reverse all the progress we’ve been making.

#25 Ballingsford on 09.20.21 at 4:12 pm

Interesting results! You might have a side gig for your company being a pollster.

Sell-off was because the liberals are leaving.

#26 Inequity on 09.20.21 at 4:13 pm

#6 Dirty Dan

its even more funny conserving assault weapons have been banned in Canada since 1977.
But then the CBC reports opinion not fact… so its no wonder people don’t realize that all T2 did was make law abiding gun owners into criminals and cost tax payers more $$.

#27 CJohnC on 09.20.21 at 4:17 pm

#4 Flop

No ink was spilt just way too many 1s and 0s, but the iRobot is working on it

Meanwhile, back at the ranch. Tonto disguised as a door had his knob shot off………

It a full moon tonight. Who knows what will happen

#28 Chaddywack on 09.20.21 at 4:20 pm

More shocking is that anyone who visits this website would vote Liberal or NDP, which is basically the same party nowadays with comrade Trudeau at the helm.

#29 Linda on 09.20.21 at 4:21 pm

Sadly, today’s blog dog photo is probably correct. I’m expecting we will end up with a Liberal minority, just like we had prior to the ‘snap’ election call. Pretty pup though:)

Given that so many have RE, not difficult in these times to have north of $1 million in net worth. Heck, if one lives in GTA or YVR one can own a crack shack teardown & still be able to claim a net worth of $1 million plus.

As for current market ructions, September & particularly October are traditionally the months were such upheavals prevail. A 10% correction is a nothing burger given the market romp upwards. Since history tends to repeat itself, I’d say the ‘roaring 20’s’ moniker is accurate. That having been said, the 1920’s were followed by the ‘dirty 30’s’ & one heck of a brutal economic contraction. Might be wise to keep that in mind when making financial decisions a few years down the road.

#30 Felix on 09.20.21 at 4:21 pm

Vox felis catus.

Much better. And way smarter. Plus, we cats have already predicted the winner of today’s election.

#31 That guy on 09.20.21 at 4:26 pm

Dozens and dozens of you possess more than $10 million, and we have just sold your data to some dude named J.Singh. Expect a call.

————-
Sniffle. So mean! Mr Singh could surely be convinced to look the other way by someone who gifted him his third Rolex. I’ll start a GoFundMe ….Submariner??

#32 NetCentric on 09.20.21 at 4:27 pm

I have to agree with #17 (Joe). I’ve read your blog daily for many years along the lines of Ian Bremmer’s advice, “If you’re not following some people you dislike, you’re doing it wrong.”

Saying “…the Tories have it in the bag” given that you know most of your readers are far wealthier than the average Canadian and lean to the right if not far right seems uncharacteristic of you. Even though I don’t care for your politics I believe you interpret facts with the best intentions from your point of view. However that comment of yours seems more like party politics and PR than something based on reality. Seems odd.

I think Vox Populi will spread things more evenly.

Learn to read. I was summarizing the poll results. Sheesh. – Garth

#33 Dolce Vita on 09.20.21 at 4:33 pm

VOX.

Latin for voice.

For at least 2,500 years.

Canum the same.

Many think Latin is lyrical, spiritual as in the Gregorian Chants or as heard in the old Latin Mass but it is actually a very authoritative, commanding if not hard language.

For the curious and Nirvana fans, Smells Like Teen Spirit in Latin:

https://www.youtube.com/watch?v=PbEKIW3pUUk

There are main different forms of Latin, the 2 most popular are Ecclesiastical and Classical, there are man others. And they can sound different. My Latin fave, Metatron (of all names), takes you thru all that:

https://www.youtube.com/watch?v=0SUqF32dKnU

“Veni, vidi, vici” at about the 10:10 mark for the curious.

And on that:

Hac nocte veni, vidi et vici
-O’toole

#34 Mehling on 09.20.21 at 4:34 pm

#18 “When confronted about ethics violations, her answer was pretty much she does not care as long as the handouts keep coming.”

My thoughts exactly – how embarrassing. Leeches.

Notice how very few people in day to day conversations will admit to voting Liberal?

#35 DLT INC on 09.20.21 at 4:36 pm

Interesting to see that introducing a wealth tax only earned the approval of 2% in your poll, considering that a poll of the general population resulted in something like 89% and even conservatives polled considerably higher than that, me thinks that too many people in your audience have their heads in the sand. The fact that there are an extremely wealthy few who have made out like bandits during this pandemic while there are a mass of other people, including small business people, who have seen their nest eggs disappear while their customers are scooped up by the mega corporations who were allowed to stay open leads me to think that something is very wrong with the way some people see the world. Very few of those responding to your poll seem to feel that these fortunate ones owe anything to all those who are suffering. “Sucks to be you” seems to be their response.
Great group of people you got reading your blog Garth!

#36 ogdoad on 09.20.21 at 4:41 pm

seems to me as millionaires have too much time on their hands…

Hey, suggestion – why don’t you either start using your $$$$ to help those in need (but that would be dumb b/c then you wouldn’t be a millionaire) or come to life and tell the rest of us losers what gets yur goat…oh, btw, if its not space then I’m not impressed….and oh, your boat better be, like, over 100′ long, your kids better be geniuses, and you better be HOT! ….otherwise, your $$$$ means squat…

Og

#37 Faron on 09.20.21 at 4:47 pm

#190 DON on 09.20.21 at 2:55 pm
#173 Faron on 09.20.21 at 12:42 pm

would hurt metals. Oops. And a strong USD keeping a lid on commodities.

*********
Yup…and this am another much smaller developer’s stock was down 87%. If I read correctly.

Iron ore is also down.

Need for steel is smaller when China isn’t building towers and looks like won’t be for some time (condos anyway). Evergrandes is a hunk of the iceberg. Lots of bergy bits around it.

S&P pushed a little further past the 100day than I thought It might. Still was a good place to buy today. Rallied 40 points back above it. As Garth noted, a huge supporting trendline was broken today so it will be interesting to see how that plays out. Technical analysis often shows a retest of such trends. Maybe a rally after Fed announces delay of taper?

Fun times.

Still, no clue what tomorrow brings of course.

#38 Barb on 09.20.21 at 4:51 pm

So there are 2 dogs named Trudeau…

#39 BlogDog123 on 09.20.21 at 4:55 pm

Top reasons Trudeau has harmed the country:

1. His ‘not serious’ approach: a) Peoplekind, b) Does not care about debt, doesn’t even articulate finance knowledge, c) Indigenous dithering, d) Foreign affairs, no clear strength projected to the world.

2. Divider in chief: a) Western Canada vs East, b) Quebec pandering, c) Climate Change division, d) If you’re not with us Liberals you must be a racist theme.

3. No Lib gov’t solutions to innovation and productivity gap with rest of world. Never a topic of this government.

4. Spend-a-holic, without being serious about revenue to pay for it. Tax the rich is too small a piece of the pie. So pile on more debt so everyone gets a shiny bauble under his watch. Then when he’s out of office someone else gets the stinky debt fish to deal with.

#40 Jake on 09.20.21 at 4:55 pm

I don’t think the readers here represent the average Canadian voice. I believe the major polls have it right and the Libs will take it.

#41 Poopy Pants on 09.20.21 at 5:03 pm

Garth,
I think your audience is made up of 90% bullshit artists. Tens and tens of millionaires? LOL. That made me laugh.

We’re in deep shit, and all anyone can talk about is the election. Greenland and Antarctica are both melting at alarming rates. By 2030 Bay Street and Wall Street will be underwater. It’s gonna be a bitch investing in REITs when you gotta swim to the brokerage.

As for JT, I’m not a fan. And Le Toole, well he’s Harper’s boy, just like the last one. They all suck. Besides, the Cons are a bunch of wrinkly boomers about to shuffle off into the grave. How’s that house working out for you? LOL. Good riddance.

Speaking of housing, as you’d say, we’re pooched. The key question here is: why can’t a bank pay taxes?
Amen.

See you tomorrow!

#42 VladTor on 09.20.21 at 5:04 pm

…According to 4,906 blog dogs who voted here in the last few hours, the Tories have it in the bag. Massively. You gave O’Toole 60% of the ballots

*****

That’s true but don’t show real pictures across the Canada. This blog is conservative supporter in general.
Having in front of his face so many mistakes done by Lib’s he lost campaign. And biggest mistake is fighting with other CONSERVATIVE party – PPC. I just imagine how was happy Mr. Socks.

Will see tomorrow.

#43 Reximus on 09.20.21 at 5:11 pm

Garth you probably know something about this: why did the Mulroney era party name as the Progressive Conservatives change their name the the boring current name? I’ve always thought that was a mistake…

#44 TurnerNation on 09.20.21 at 5:12 pm

– Life in Kanada: Voting. Forced to line up 6-6-6 feet apart, muzzled, selecting a pawn to the globalists. Our country will continue being destroyed – from the inside out.
So this is freedom.

#45 Ballingsford on 09.20.21 at 5:15 pm

#30 Felix on 09.20.21 at 4:21 pm
Vox felis catus.

Much better. And way smarter. Plus, we cats have already predicted the winner of today’s election.
******
And the result of their prediction was??? The Mouse Party?
Did you ask for their predictions when they were just waking up from their day long naps? The results probably aren’t accurate 19 out of 20 times.

#46 My Body My Choice on 09.20.21 at 5:15 pm

Since this blogosphere (?) is financially literate, it should be presumed that the majority are Conservative/PPC, and that the GreaterFool survey will be skewed likewise.

The question now is, will this be a 10-20% correction, 20-50% crash or a 50%++ route?

Vox canum = Dog Blog

Tune in tonight to see if the Reign Of Error has ended.

#47 Leftover on 09.20.21 at 5:16 pm

Just voted, made my mind up on the walk over to the polling station. Surprised myself with who I voted for.

Place was nearly empty, returning officers outnumbered voters 4:1.

We’ll get what we deserve. Apathy reigns.

#48 Yukon Elvis on 09.20.21 at 5:23 pm

#33 Dolce Vita on 09.20.21 at 4:33 pm

There are main different forms of Latin, the 2 most popular are Ecclesiastical and Classical, there are man others. And they can sound different.
My Latin fave, Metatron (of all names), takes you thru all that:
++++++++++++++++

My Latin fave: uppa yerza. Nobody cares about Latin.

#49 Damifino on 09.20.21 at 5:24 pm

#19 Grunt

The PCs have no big name or charisma.
——————————
I can’t tell you how sick I am of “big names” and “charisma”. It’s gotten us exactly nowhere, so far.

Folks abroad won’t be able to name the new PM or give a hoot.
——————————
So what? Canadians can’t name most of the leaders abroad either. Nor do we give a hoot. They’re swirling the economic & energy toilet anyway.

Canada still has a chance. If we act now.

#50 Dirty Dan on 09.20.21 at 5:26 pm

#33 Dolce Vita on 09.20.21 at 4:33 pm
VOX.

Latin for voice.

For at least 2,500 years.

Well, the liberals are the real anti-voxxers then.

#51 David Pylyp on 09.20.21 at 5:28 pm

American mortgage forbearance ends this month.

Canadian EI taps turn off Sept 23,

Gas , fuel, carbon taxes are becoming a true Inflation tax as everything gets more expensive.

WFH is over rated…. Look at the empty store+in Queens west and Bloor west…. The Path? Pfft …

It will be a cold hard winter for some. Please donate to the Food Bank, Good Sheppard and Salvation Army.

Let’s be Canadian to each other again

David Pylyp
Toronto

#52 TurnerNation on 09.20.21 at 5:29 pm

GF poll answers. Ha excepting Question 1 I am with the polled majority.
Chamber the echo.

— Keep an eye on the food supply. The brutal New System rules are designed to effect this:

https://www.bnnbloomberg.ca/your-food-prices-are-at-risk-as-the-world-runs-short-of-workers-1.1647034
“Your food prices are at risk as the world runs short of workers”

——

–Been saying that here, for a year now; what this is all about:

#209 TurnerNation on 11.19.20 at 9:52 am
Control over Feeding/Breeding/Movements. Check

#53 Blobby on 09.20.21 at 5:37 pm

I’ve sat thru this entire election. And I *still* dont really understand what Erin’s platform is, or what he stands for.

He’s flip-flopped all over the place on many topics.

His idea behind “fixing the deficit” is “it’ll fix itself”. Because he’s too scared to admit to what he’d ACTUALLY do..

He’s pandering by making obviously false promises “we’re going to have no cuts, no new taxes, but pay off deficit”.

He has zero plan at all for anything as far as I can see.

But yet – quite a lot of people want it? Well, I guess the alternatives arent much better either.

He honestly scares me with all the double speak, and switching around to get votes though. Sort of actions which i’ve seen in British politics – normally lead to selling various things off and semi-privatising things like health care..

At least with Justin it was the devil I knew.. I kinda regret my vote now.

#54 Wait There on 09.20.21 at 5:38 pm

The biggest fear is Mr. Socks being controlled by Mr. Tik Tok which means ultra high spending followed by similar taxes.

Next concern is how long will a conservative minority government actually last?

#55 DOn M on 09.20.21 at 5:40 pm

Please. No more Trudeau.

#56 My Body My Choice on 09.20.21 at 5:43 pm

Reporter: What has Justin Trudeau accomplished as PM?

Me: …………………..um…………..uh……………mmmmmm……………………………………………………………. he legalized weed.

Reporter: What else?

Me:
………………………ahhh………….hmmmm………….

#57 Wait There on 09.20.21 at 5:44 pm

I think Evergrande being the largest, only means that the smaller developers are also on the same formula. That means that if Evergrande fails, same external factors that hurt Evergrande will be unleashed on the smaller ones soon. All large property developers in China use the same playbook…should we expect differently?

They are the canary in the coalmine for property developers in China. I think we have a long way to go as this unfolds and there will certainly be contagion.

#58 Kurt on 09.20.21 at 5:51 pm

A Manchester Terrier named Trudeau. Attractive but insubstantial – how appropriate.

#59 Amok on 09.20.21 at 5:56 pm

I voted NDP and I marked as such on the survey.

Maybe I’m one of the few people who realize that we actually vote for an MP to represent our riding, and not a leader. Such is a Canadian citizens’ power in our first-past-the-post system.

My riding’s MP is Hedy Fry who I’m sure did a lot of good for her constituents in the 90’s and early 00’s, but is now one of the least attendant member of parliament and is never at her office. While I commend her service and long running record, my belief is that the Liberals trod her out because she’s a sure bet. After nine wins since 1993, I think she should step down for someone with a little more energy. The Liberals really let me down with their inaction on election reform.

The NDP candidate is a young(ish) Metis lawyer who has an impressive CV and a very admirable volunteer record. I’ve spoken to him in person and explained my issues with the NDP, and he seemed realistic in accepting some of my concerns. He’d be a good parliamentarian.

The Conservative candidate is a 24 year old helicopter salesman named Harry Cockell… Sorry kid, maybe in 10 years — also a ‘helicopter salesman’? I’m not sure he is even a real person. If the Cons can’t muster serious candidates for all ridings, how can anyone vote for them?

My vote went to the person I feel is most deserving.

It’s going to be another Liberal minority anyway and my vote only counts in my riding… I’m sure the comment readers can all agree ;)

Vote for the best MP

#60 sailedaway on 09.20.21 at 5:58 pm

#41 Poopy Pants on 09.20.21 at 5:03 pm

^^^^

Reading this drivel is exactly why Liberals shouldn’t be allowed to teach our children

#61 sailedaway on 09.20.21 at 5:59 pm

#44 TurnerNation on 09.20.21 at 5:12 pm
– Life in Kanada: Voting. Forced to line up 6-6-6 feet apart, muzzled, selecting a pawn to the globalists. Our country will continue being destroyed – from the inside out.
So this is freedom.

————————————

Don’t you have a hobby? Something else to do?

#62 jim tow on 09.20.21 at 6:04 pm

Evergrande is the symptom of all that is wrong with central bank mentality worldwide. Housing that is needed by ordinary families has been turned into a debt riddled commodity by these idiots and their QE and money printing. We need to clean house and rid ourselves of these people whose policies don’t put families first.

#63 XGRO and chill on 09.20.21 at 6:05 pm

If you didn’t vote at the advanced polls when a covid+ diagnosis could render you unable to vote, you failed the IQ test.

#64 Concerned Citizen on 09.20.21 at 6:07 pm

It will interesting to see how well the PPC does this election, and also to learn what motivated folks to vote for them. Will it primarily be due to the anti-vax position, or other issues?

To me, there’s a fair bit of nuttiness in the PPC platform, but on some key issues they’re actually better than the mainstream parties by a country mile. But alas, I can’t get over the nuttiness…

#65 mike from mtl on 09.20.21 at 6:08 pm

#33 Dolce Vita on 09.20.21 at 4:33 pm

Many think Latin is lyrical…
///////////////////////////////////////////////////////////

Not sure about that. The daughter languages pretty much all have done away with most of the awkward consonant clusters.

To be fair they’re all pretty conservative, old texts are still comprehensible and fluency in one gives a large overlap to another.

#66 Discouraged Voter on 09.20.21 at 6:08 pm

Well…to be honest with you I felt a much higher level of repulsion toward these politicians this year than ever before from the get-go.

I wasn’t going to vote was by default initial decision.

Valid reasons for it really I feel:

I’m in a riding that is historically for one party.

There was no candidate in my riding for the party anyway, until they parachuted one in with 2 weeks to go as if they really cared. Probably just to sweep up votes as they likely get paid some amount for each vote.

But the voter card was on the fridge, and I figured I’d go for a walk anyway before dinner.

And so I went.

I live in a relatively dense area and there were yellow VOTE signs everywhere. So I went to one. Presented my card and ID. I was then told I can’t vote here. I have to go vote elsewhere about 20 minutes further walk.

I figured, I have to walk somewhere, I was walking already, so I’ll walk in that direction where the voter card insists I go, even though I’m standing right at a voting station right now.

Upon arrival at that destination two things met me. a) a long lineup and b) a lovely large bus pulling up that’s doing the rounds around the hood picking up voters for the party that holds my riding historically.

Armed with the knowledge that I have to stand in line for an hour to vote, where there was not a single soul waiting in line in the voting spot by a few buildings early on that turned me away, knowing that there should be capability for me to vote anywhere in this day and age, as long as it is in my hood on the day of election, knowing that this riding is owned by a candidate I am not voting for anyway, and seeing that candidate bring busloads of votes while the party I was considering voting for parachuted a candidate in last minute I’ve never met, seen, or one that hardly cares about the area (chances are)…and really having that real repulsion to politicians this time around, I kept on walking as if that voter registration card wasn’t in my pocket at all. Turns out my initial gut feeling was right all along.

My reward? I’m home for hot dinner.

Outcome? My vote wasn’t going to matter anyway.

I know I could have done this or that. I know I could have lined up and waited. Maybe I even should have.

But I also knew that my vote didn’t really matter to the outcome. It is a realization that made me understand how those who are truly prevented from voting feel. Perhaps that’s my takeaway this election. Perhaps next election will be better.

But does it really matter? One way or another a guy will take that vocation. A guy of questionable character that’s part of a coordinated effort by CBs to do what they will do.

One way or another he will do things that all won’t agree with. He will without doubt prioritize corporate interests, likely at price of the environment, not protect the public from creeping tech firms who skirt taxes through loopholes they’ve been granted, continue to devalue the currency through inflation, not be paid enough to say no to bribes…excuse me, consultation fees, book publishing deals, post political carrier bribe washing speaking engagements.

And so…

The big wheel keeps on turning
On a simple line, day by day
The earth spins on its axis
One man struggle while another relaxes

https://www.youtube.com/watch?v=_M9muYyYxhI

#67 Common Sense on 09.20.21 at 6:14 pm

This blog’s poll results are not too surprising, but almost 5000 responses is impressive.

Makes sense readers of a financial blog would care about the economy.

Surprising that the majority of readers are Mil and X. The anti-boomer comments from the more undesirable commenters make it sound like there’s a huge boomer audience that needs attacking. All that anti-boomer nonsense is wasted ink apparently.

No surprise that there’s a Con majority by far. Those financial blog aficionados that care about the economy would have a hard time voting for epic deficit spending.

And lastly net worth… $1-5MM is too wide a range and a lot of Canadians in Ontario and BC will see net worth over $1MM due to housing. $1-3MM is probably a better range, to differentiate those with more than just a house.

The election results will be interesting.

#68 Reximus on 09.20.21 at 6:16 pm

Saw a huge lineup at the Regent Park vote centre, and it was full of recent-ish canadians, I assume because of their old-country garb….it’s a slam dunk Lib riding so they are just doing their duty as new voters, congrats to them

#69 WTF on 09.20.21 at 6:18 pm

Ambled in at noon DT Van Yale town polling station.Crickets….. had to register and still only took 10 min.

Kept the sanitized pencil of course. My return on the 600 million squandered by PM Useless

#70 604sam on 09.20.21 at 6:19 pm

Trudeau is a beautiful doggo. Can I vote for him instead?

#71 SaiorseYVR on 09.20.21 at 6:21 pm

Poll results for a Conservative victory no surprise based on demographics of your readership. We will be grin and bearing another couple of years with Prime Minister Socks at the helm.

#72 Reximus on 09.20.21 at 6:22 pm

#44 TurnerNation on 09.20.21 at 5:12 pm
– Life in Kanada: Voting. Forced to line up 6-6-6 feet apart, muzzled, selecting a pawn to the globalists. Our country will continue being destroyed – from the inside out.
So this is freedom.

—-

Thanks for finally posting a coherent, terse, readable thought. Also, you’re brief version is still dumb.

#73 NOSTRADAMUS on 09.20.21 at 6:34 pm

TOUGH QUESTIONS ???
Perhaps on the next election ballot. Are you in favor of providing free shelter, free medical care, free injection sites, free food, basically, free everything imaginable to the homeless, if, and this is a big if, your personal taxes were to double or triple.??? HMMM, another spoiled ballot. Today’s Stock market Hic-up, just a teaser for what’s coming over the hill. I am apparently becoming a broken record. I can’t seem to move on, I keep on skipping. One more time “Beware the Ides Of November.” I am on my throne and I will not step down.

#74 Millenial Surrealist on 09.20.21 at 6:39 pm

I give you the next PM of Canada….. the mind boggles that he can garner even a single vote after this level of idiocy…… and the skateboarding dude has no shame either to prop him to get his commie desires…

We are no longer a serious country….

https://nationalpost.com/news/first-photo-in-colour-of-trudeau-donning-blackface-emerges-on-eve-of-election-night

#75 Tripp on 09.20.21 at 6:41 pm

No surprises in the poll for the blog dogs.

Garth, if I may, a suggestion: would it be more relevant to have the net worth split into “real estate” and “other investments”? Just to differentiate between the paper millionaires and the real ones?

#76 crowdedelevatorfartz on 09.20.21 at 6:44 pm

@#18 Communist Capitalist
“When confronted about ethics violations, her answer was pretty much she does not care as long as the handouts keep coming.
It all depends how big this crowd will turn out to be.”

+++

Or when they have to pay it back…..in higher taxes.

:)

#77 espressobob on 09.20.21 at 6:45 pm

There should be a check box at the bottom of the voting ballot that reads, No Confidence.

Cynical maybe, but I’m sure there would more voters showing up at polling stations.

#78 crowdedelevatorfartz on 09.20.21 at 6:49 pm

@#34 Mehling
“My thoughts exactly – how embarrassing. Leeches.

Notice how very few people in day to day conversations will admit to voting Liberal?”

+++

Well the leeches have one more month of CERB.
It’s cut off in Oct.
A month after the election.
What a coincidence.

#79 Ponzius Pilatus on 09.20.21 at 6:52 pm

Did my duty.
Voted for the winning party.
Stocked up on pretzels and Stiegel beer ( my favorite Austrian beer, you should try it, Billy Bob and Dolce)
4oclock approaching on the Best Place on Earth.
The sun is out (a little).
God is on our side

#80 Do we have all the facts on 09.20.21 at 6:55 pm

To be honest I discovered this blog by accident and while my net worth is well below $1,000,000 I came to appreciate your advice on how to prepare for an uncertain future.

What keeps me reading this blog however is the comfort I feel in knowing that there are other citizens that share my concern over the economic and social health of Canada. Our Federal government seems to have lost sight of what our country needs right now and this blog is proof that all is not lost.

Keep the faith Garth we need your contributions more than we ever did.

#81 crowdedelevatorfartz on 09.20.21 at 6:55 pm

@#41 Poopy Pants
“I think your audience is made up of 90% bullshit artists.”

++++

Apparently a full diaper doesn’t equate to smelling bovine manure.

Millionaire?
Pfft.
I hit that a while back through investments.
Doesn’t mean squat especially if it’s all in one thing……a house..
5 to 10 million is a bit more impressive.
100 million or a billion?
I’ve met both types through my work.
Those people don’t even think about money.
It bores them.

#82 baloney Sandwitch on 09.20.21 at 7:01 pm

As usual the entitled dogs in the caboose are completely out of touch.

#83 crowdedelevatorfartz on 09.20.21 at 7:01 pm

@#69 WTF
“Ambled in at noon DT Van Yale town polling station.Crickets….. had to register and still only took 10 min.”

++++

Did you join the sheeple and re-elect “The Crosses are Burning in Prince George as I speak” Hedy Fry for the 10th election in a row?

#84 Shawn Allen on 09.20.21 at 7:02 pm

The Real Millionaires?

#75 Tripp on 09.20.21 at 6:41 pm
No surprises in the poll for the blog dogs.

Garth, if I may, a suggestion: would it be more relevant to have the net worth split into “real estate” and “other investments”? Just to differentiate between the paper millionaires and the real ones?

******************************
Which category is real? The only people who sniff their nose at “paper wealth” tend to be people without much wealth of any kind. Anyhow if you are not in the $10 million net worth club you have not made it yet. $10 million is the new standard for millionaire.

#85 Reximus on 09.20.21 at 7:04 pm

There’s definitely something up between JT and Chrystia Freeland, havent heard a peep out of her. Even her campaign website make no mention of JT

#86 Ponzius Pilatus on 09.20.21 at 7:15 pm

Watching CBC Election coverage.
Still the smartest news source in the country.

#87 CJohnC on 09.20.21 at 7:17 pm

On the campaign trail…..

REPORTER: Mr Trudeau, what color is your tie?

JUSTIN TRUDEAU: First of all I would like to thank you for that thought out question. Here in Canada we are working very diligently to answer all questions such as this one to create a transparency and understanding for all Canadians. We have set up a special task force and are gathering research on this topic and expect to have all apparent information on this at a later date. Furthermore, I would like to thank all of the Canadians working towards getting this information out there. Your dedication to acquiring this data has been outstanding, and shows what it truly means to be Canadian.

**********
Hopefully we will do better tonight

#88 Damifino on 09.20.21 at 7:17 pm

#59 Amok

Maybe I’m one of the few people who realize that we actually vote for an MP to represent our riding, and not a leader.
————————–
No, not really. The Prime Minister has become more like a king and the minions in the commons (and most of the cabinet) seem to be becoming less significant over time. I’m in Hedy Fry’s riding too. She’s another minion who will keep her seat for the Liberals. I voted conservative, helicopter salesman or not. That’s because I’m voting for O’Toole.

If the Cons can’t muster serious candidates for all ridings, how can anyone vote for them?
————————–
I couldn’t bring myself to vote for a party led by a TicTok Bhangra dancer. I just can’t. Talk about not mustering a serious candidate.

It’s going to be another Liberal minority anyway and my vote only counts in my riding… I’m sure the comment readers can all agree ;) Vote for the best MP
—————————-
In Vancouver Center, your NDP vote will be just as inconsequential as my vote for the Conservatives because Hedy’s coming back. Still, the intent of my futile ballot was, as always, to support the party (i.e “leader”) with the best chance of unseating the current and perfectly awful PM (i.e. “king”).

#89 IMALWAYSRIGHT on 09.20.21 at 7:19 pm

My wife asked her friend who she was voting for. The friend doesn’t follow politics so she texted her friend who is a lawyer as she is “pretty smart”. She said she is voting Liberal as she can’t imagine four more years of Harper.

#90 cuke and tomato pickere on 09.20.21 at 7:21 pm

Jim Cramer predicted a drop in the markets around the 17th of September reason unclear.

#91 Upenuff on 09.20.21 at 7:26 pm

Finally, who are you?

The bulk are Mills and GenX, with a fifth being wrinklies.
____________________________________________

Wow, I am very impressed that the bulk on this blog are the Mills and GenXers…. there is hope after all for the young……

Upenuff

#92 VladTor on 09.20.21 at 7:33 pm

to #53 Blobby on 09.20.21 at 5:37 pm

… He has zero plan at all for anything as far as I can see.

***********
Not Erin – Conservative party has zero plan! Did you read “plan”. I was naïve and downloaded “plan”. I was going to read and understand what do they really want. Guys, pdf doc. has 168 pages! Are they crazy? Who can read it? But it is very good reading in bed if you want fall asleep fast.

Platform should be on 2-3 pages and just show in general main points of program. 168 pages?
Did somebody here who voted for Conservative party read full 168 pages this dramatic fiction?

#93 Irish Stew on 09.20.21 at 7:40 pm

People w/ money visit this blog.
People w/ money vote Conservative.

This poll unfortunately does not project the true Canadian landscape.

#94 Flop... on 09.20.21 at 7:45 pm

I don’t drink much anymore compared to what I used to consume.

Probably only had 6 beers this summer.

If a Liberal majority starts to unfold, I will start doing shots of top shelf from the liquor cabinet.

Mrs Flop, who is of East Indian heritage will probably let it go until I look like I’m about to collapse.

I will tell her just one more, it’s always just one more.

If she refuses, for a brief time, she too, will be allowed to experience what it feels like to be The Indian In The Cabinet…

M47BC

#95 crowdedelevatorfartz on 09.20.21 at 7:50 pm

@#74 Millennial Surrealist
“I give you the next PM of Canada….. the mind boggles that he can garner even a single vote after this level of idiocy……

https://nationalpost.com/news/first-photo-in-colour-of-trudeau-donning-blackface-emerges-on-eve-of-election-night

++++

One wonders if the two men in tuxedos in the background of the photo are his security detail because daddy was PM.

The conversation went something like this,

“Are you taking him home tonight?”
“Hell no! He got mascara all over my car seats the last time he did Blackface” Its your turn!”
“Sigh” Ok.”

#96 KLNR on 09.20.21 at 7:52 pm

got my vote in, no line ups no problems.
kinda surprised considering all the foaming about it.

Always amusing seeing the Rhinoceros Party on the ballot. probably the most honest of the bunch.

#97 Gary C on 09.20.21 at 7:53 pm

It will be interesting to see if the Maverick Party & Mad Max pick up seats in the West

#98 conan on 09.20.21 at 7:56 pm

Let us hope it is a simple sell off and not some contagion dilemma like 2008.

#99 KLNR on 09.20.21 at 7:56 pm

@#79 Ponzius Pilatus on 09.20.21 at 6:52 pm
Did my duty.
Voted for the winning party.
Stocked up on pretzels and Stiegel beer ( my favorite Austrian beer, you should try it, Billy Bob and Dolce)
4oclock approaching on the Best Place on Earth.
The sun is out (a little).

I will be celebrating with a Stiegel later tonight.
fantastic beer.

#100 Josh on 09.20.21 at 7:58 pm

I don’t get it about the liberals, NDP, Greens, other lefty parties and people? Would they rather we all be poor and live off welfare and strain the country Financially.

They care so much that the medical and hospital systems now are so strained and full but when it comes to the economic health of Canada, our great country, they throw it away with policies that never worked, will never work and did not work. They actually destroy and ruin countries like Venezuela to Argentina to Russia to Germany. Socialism and then communism light or heavy is a cancer and when the host dies so does the cancer.

I really think that if everyone or say 85%+ in Canada were prosperous, successful, financially well of the Liberals, NDP, Green Party would go insane.

#101 VladTor on 09.20.21 at 8:01 pm

Sorry guys! I did mistake. Conservative plan much better. It has only 160 pages!

One more point about plan. Full discrimination of men’s! Beyond belief!

This is very disappointed for me.

Plan has article:
d. Securing opportunity for women . . .
What about ….opportunity for men’s?

We are not existing, except Mr. Erin. “Plan” has very nice photo session of him.

Second:

Long time ago Mr. Socks promised and kept promises about marihuana and won election.

If now Mr. Erin promised for us cheap whisky – he would win with dramatically result.
Didn’t learned lesson from Mr. Socks
Sad!

#102 Cheese on 09.20.21 at 8:02 pm

As a sub 400k person, today really hurt.

#103 Cto on 09.20.21 at 8:05 pm

Sad thing is, my 11 year old son, can’t vote.
He can’t vote against a fiscal policy that is going to hit him right between the eyes when he’s 21. That’s when the chickens will come home to roost for the poor kids that can’t even vote now.
It’s easy to be the beloved master MC, spreading the spiked punch bowl around and knowing in the back of your mind, some greaterfool government will have to deal with the fallout later and saying,
“glad it’s not me, I’m just not that kind of guy!” Party on folks!!!!!

#104 fishman on 09.20.21 at 8:08 pm

Nobody at my polling centre. Word from Van ridings west of Granville low,low turnouts so far. Maybe a rush last few hours? I didn’t figure it. Thought there’d be a big turnout because (to me anyways) this is a most important election. You know! Hundred billion here , a hundred billion there: pretty soon we’re talking about some real money. I guess we’ll see the numbers in a few hours.

#105 crowdedelevatorfartz on 09.20.21 at 8:14 pm

@#99 KLNR
“I will be celebrating with a Stiegel later tonight.
fantastic beer.”

++++

Hmmmm.
A tasty beer….my interest is ponzie piqued.

#106 Ardy on 09.20.21 at 8:15 pm

I don’t like being disappointed after one election and angry until the next one, so I voted Liberal.

#107 crowdedelevatorfartz on 09.20.21 at 8:15 pm

@#94 Flop
“Indian in the Cabinet”
No bad Floppie. Not bad.

#108 S.Bby on 09.20.21 at 8:17 pm

#64 Concerned Citizen

there’s a fair bit of nuttiness in the PPC platform,

such as what?

#109 When Will They Raise Rates? on 09.20.21 at 8:21 pm

#86 Ponzius Pilatus on 09.20.21 at 7:15 pm

Watching CBC Election coverage.
Still the smartest news source in the country

———————

They included Max in their 5 (now 6) party leaders graphic for the first time tonight even though he’s been ahead of the Greens and Bloc for a couple of weeks.

CBC is trash, and yes I too am watching, similar to how I hate CNN, but watch their election coverage… and when I’m in a US airport.

#110 Flop... on 09.20.21 at 8:25 pm

#105 crowdedelevatorfartz on 09.20.21 at 8:14 pm
@#99 KLNR
“I will be celebrating with a Stiegel later tonight.
fantastic beer.”

++++

Hmmmm.
A tasty beer….my interest is ponzie piqued.

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

Crowdie, don’t fall for Ponzi’s trap.

Any beer he recommends is guaranteed to make you lean to the left…

M47BC

#111 Proud CERBian on 09.20.21 at 8:27 pm

Please everyone, if you have not yet, you have one hour to go and vote, to honour my great nation.

All Hail, CERBia!

#112 VladTor on 09.20.21 at 8:29 pm

For whom who friendly with French:
From Mayo clinic doctor.

https://planetes360.fr/video-quels-sont-les-organes-touches-par-les-injections-massives-de-proteines-spike-reponse-avec-le-dr-ryan-cole-coeur-poumons-reins-ovaires-testicules-foie/

#113 Smengy on 09.20.21 at 8:31 pm

A “min-pin”?

#114 Midnights on 09.20.21 at 8:35 pm

Justin Trudeau: Vaccine Passports Are “All About” Rewarding You For Doing The Right Things

https://www.google.com/amp/www.realclearpolitics.com/video/2021/09/19/justin_trudeau_vaccine_passports_are_all_about_rewarding_you_for_doing_the_right_things.amp.html

Hopefully, this is the last of Trudeau. BYE!!

#115 millmech on 09.20.21 at 8:37 pm

#37 Faron
Look at Yang etf, been buying into it as Evergrande negativity started gaining momentum, still has a way to go yet.
Evergrande was forcing their employees to prop up the company as it continued to falter, if they did not buy in they would not get paid bonuses.
I wonder how many Chinese people now think real estate is the be all and end all for financial security, and if they are broke now will they liquidate foreign holdings to stay afloat!

#116 Polecat on 09.20.21 at 8:42 pm

Gen X all the way, we survived Chretien and Martin. Cheers to us glorious buggas!

#117 just say no on 09.20.21 at 8:53 pm

I check the lottery websites the day after every draw to see where the winners show up. It does not surprise me in the least and we all should be checking the sites to know the amounts being picked up across Canada. 10 million is the new million and yes if you don’t win you are falling behind.
People have been raking it in for decades(tax free too)

#118 oops on 09.20.21 at 8:57 pm

oh man:

‘Well the leeches have one more month of CERB.’

someone needs to reevaluate.

#119 When Will They Raise Rates? on 09.20.21 at 8:59 pm

Scatch that… just switched over to CTV election coverage, much better

#120 Tripp on 09.20.21 at 9:05 pm

#84 Shawn Allen on 09.20.21 at 7:02 pm

Shawn, in my opinion the house value matters only twice, when we buy it and when we sell it. Anything in between is irrelevant, not considering taxes, expenses, maintenance, social status and bragging rights. This, of course, if we perceive it more as an investment than a home.

While financial assets are arguably exposed to similar fluctuation risks, one can buy or sell in few minutes. Not possible with a house (especially in a stagnant/declining market), since we must live somewhere.

Regarding the new definition of “rich”, you are correct, a million is not too much nowadays. Two decades ago when I arrived in Canada, Ottawa had a handful of listings in the seven figure category. Today a $500 basket at Costco is almost the norm.

#121 oops on 09.20.21 at 9:07 pm

@VladTor

Its over. Your embarrassing yourself and your…’comrads’

#122 IHCTD9 on 09.20.21 at 9:11 pm

Any one want to put a date on when sfd’s in Toronto will cross 2 Mil? How about when sfd’s Canada-wide will hit 900k average? I’m thinking 3 years or so should do it.

What-ev, I ain’t going to sweat it, if Canadians want more T2, that’s exactly what they’re gonna get, and everything that follows with him :). Me, I already own a house, and have a B+D off and running. Didn’t need two Doctor salaries to pull it off either, not even close. Last of the breed probably. From here, “middle class” Canucks will rent, and likely not save much despite that.

I’m going to stand back a safe distance, and watch Canada’s credit rating, the Loonie, the RE market, and… the spending. 100’s of billions more for sure.

If I get my two lots, in 4 years time; our far-flung corner of glacial till could net 7 figures assuming Trudeau wins. We paid 123k for it. Let that sink in kids.

Welcome to the New Canada.

#123 IHCTD9 on 09.20.21 at 9:24 pm

#110 Flop… on 09.20.21 at 8:25 pm
#105 crowdedelevatorfartz on 09.20.21 at 8:14 pm
@#99 KLNR
“I will be celebrating with a Stiegel later tonight.
fantastic beer.”

++++

Hmmmm.
A tasty beer….my interest is ponzie piqued.

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

Crowdie, don’t fall for Ponzi’s trap.

Any beer he recommends is guaranteed to make you lean to the left…

M47BC
———

Depends how many he drinks Flop, after six or so, I tend to start leaning to the left and to the right…

#124 When Will They Raise Rates? on 09.20.21 at 9:32 pm

Polls just closed in Ontario and Quebec… This is it gentlemen, here we go!

#125 Planetgoofy on 09.20.21 at 9:38 pm

DELETED

#126 Alberta Guy in AB on 09.20.21 at 9:45 pm

119 ctv better? nope – nenshie ingratiating himself towards senate seat..2 thumbs down

#127 Don Guillermo on 09.20.21 at 9:54 pm

Go to this site. You can compare the numbers between 2015, 2019 & live now as it unfolds.

https://www.bloomberg.com/graphics/2021-canada-election-live-results/

#128 Faron on 09.20.21 at 9:58 pm

So, did anyone write in Trump?

Happy elxn night everyone.

#129 crowdedelevatorfartz on 09.20.21 at 10:10 pm

Garth.
I see the riding you live in went Con.
Is that payback for the Flag?

#130 Blobby on 09.20.21 at 10:11 pm

I’ll question people above.

How do you think your lives would’ve been better with a Con government during covid?

Because, personally, I think my personal life would’ve been a LOT worse under one.

(only have to look at Alberta ..)

#131 Discouraged Voter on 09.20.21 at 10:13 pm

Is this right what they said on CTV?

They reduced voting stations by a significant amount in the GTA?

WHY?

Did science say that it’s better to put more people together into crowds during a pandemic as breakthrough infections increase?

Are the numbers in Ontario setting all time low records?

What could have possibly been the logic?

It certainly made my ability to cast a vote during a pandemic most difficult I’ve experienced on this side of 2000.

#132 MASSIVE LIBERAL MAJORITY ON THE WAY! on 09.20.21 at 10:14 pm

LIBERALS ARE CRUSHING IT!

EAST TO WEST!

Go JUSTIN!!!!!!!!!!!!!!!!!!!!!!!

#133 IHCTD9 on 09.20.21 at 10:14 pm

#103 Cto on 09.20.21 at 8:05 pm
Sad thing is, my 11 year old son, can’t vote.
He can’t vote against a fiscal policy that is going to hit him right between the eyes when he’s 21. That’s when the chickens will come home to roost for the poor kids that can’t even vote now.
——-

Just let him know the world is his oyster. My parents and grandparents came here for a better life, and they got one. But, it’s looking like my siblings and I are the last Gen in our family to have had a legitimate shot at prospering here in Canada. Canadians don’t think like they used to, and the “Old Canada” died when that thinking did. We want social justice, CC laws, and freebies now – that’s about it.

My kids will struggle to do what we did. They have a much better chance of renting for life, paying huge taxes, having the currency they work for shrivel, and receiving less services instead.

I let them know it’s a global job market, and opportunities outside Canada may be better on multiple fronts. There’s no good reason to hang around here if the deck is stacked against you. I make it something they can think about now, and run with in the future should they desire.

Every single blood grandparent, aunt, and uncle I have were born outside of Canada, over half of my in-laws too. They did well, their kids did well, but their grandkids have to deal with a new world economy, massive immigration, and a government that basically hates them. No need to be kicking-it here in Canada under those circumstances, not if better opportunities exist elsewhere.

#134 Doug in London on 09.20.21 at 10:17 pm

What, me worry about a 2% drop in the stock market? I’m many orders of magnitude more worried about getting hit by a piece of falling space junk. Wake me up if or when it drops more than 10%, so I can scoop up some yard sale bargains.

#135 Albertaguy in AB on 09.20.21 at 10:25 pm

Mad max splitting the vote in ridings where CPC would win …instead? ridings going liberal…way to go idiots

#136 Cici on 09.20.21 at 10:34 pm

Crap… bye, bye Canada. But you chose this… how could you choose this?

I fear what new scandals will hit us in the next four years.

#137 IHCTD9 on 09.20.21 at 10:40 pm

#130 Blobby on 09.20.21 at 10:11 pm
I’ll question people above.

How do you think your lives would’ve been better with a Con government during covid?

Because, personally, I think my personal life would’ve been a LOT worse under one.
———

Just a heads up. Us knuckle draggers don’t look to Government to improve our lives, we do that on our own. We just want the government to gtfo of the way and not screw things up. I like policies that improve the future for all Canadians so that regular folks have an even shot at a good job, and fair taxation.

Instead of doing that, Trudeau totally ****** the country with a Trillion in debt, and RE prices far beyond what your typical Canadian can afford. His CC policies left Canadians owning a stupid pipeline and dead lumber, mining, O+G, and manufacturing sectors. If he wins tonight and comes good on his goofy FTHTFSA plan, you’ll watch RE just go nuts, I mean CRAZY. So bad, it’ll strike fear into every youth and newcomer in Canada.

During COVID, I got laid off twice for a couple months – got lots of work done around the house. Outside that, I went to work per usual, and didn’t do much else. I can’t see how the Cons would have made things “worse” – I quite liked my time off.

Trudeau has screwed an entire generation making your Covid experience “better”, and is now set to twist the knife. You must not have kids.

#138 Trojan House on 09.20.21 at 10:44 pm

Well, that was a huge waste of money and time. Looks like we’re right back at where we started 5 weeks ago. It’s amazing how stupid the Canadian public are to not vote out this arrogant excuse for a PM only to give him another minority government.

Wow, just wow.

#139 Pbrasseur on 09.20.21 at 10:46 pm

Back to square one…

#140 facts on 09.20.21 at 10:46 pm

Trudeau-Conservatives are outliberaled by Trudeau-Liberals. What a surprise.

#141 Albertaguy in AB on 09.20.21 at 10:50 pm

845 pm ab time, not even one riding in ab announced yet and cbc declare liberal win…pathetic…something has to change

#142 Woke up this morning... on 09.20.21 at 10:54 pm

Garth,

I’m going to say it….in your survey “Economic Recovery” was too broad of a point. It needed to be broken down into more choices.

Economic Recover to one means SMB coming back to some.

To another means more CERB.

To another means making it rain.

To another reigning in the incredible spending.

Everyone sees the path to recovery differently. It ranked at 50%, but this is was a catch-all point. Deficit was not an option – I’m going to guess 15% would have chosen that.

#143 Quintilian on 09.20.21 at 10:56 pm

Any words of wisdom from the curmudgeons?

#144 canuck on 09.20.21 at 10:58 pm

Is it any wonder why no one likes Toronto? Those idiots never learn.

#145 S.Bby on 09.20.21 at 11:03 pm

Well what a waste of $650 million.

#146 VladTor on 09.20.21 at 11:07 pm

to #121 oops
Its over. Your embarrassing yourself and your…’comrades’
************

I don’t understand why?

Can you be more understandable, please?

#147 AM in MN on 09.20.21 at 11:14 pm

Just as I called in a couple weeks ago.

O’Toole lost this one because he couldn’t cut a deal with Max. Utter lack of political skill and leadership skill.

Surrounded himself with Ontario Red Torys and tried to make the case that he pull a Doug Ford in the Toronto suburbs, and came up with zero.

He’s done, and the Conservatives need to find a way to bring in those who don’t believe in the economic suicide of killing the energy industry, do believe in individual rights and liberties, and smaller government through traditional families.

The people who believe in these things are not going away.

A bit more economic pain for the average Canadian will come, and maybe they will change their minds about what is important in a few years? We’ll see.

#148 IHCTD9 on 09.20.21 at 11:14 pm

#138 Trojan House on 09.20.21 at 10:44 pm

It’s amazing how stupid the Canadian public are to not vote out this arrogant excuse for a PM only to give him another minority government.

Wow, just wow.

———-

Not Wow. Like I’ve been saying, this is the New Canada, it’s here to stay. The old guard is officially out-gunned.

On that note, I’ll be calling city Hall tomorrow am to get some more info on severance applications :).

Don’t hate the playa…

#149 yvr_lurker on 09.20.21 at 11:16 pm

Looks like the readers/contributors of this blog supporting the CONS or PCC have a mindset that is largely orthogonal to the majority of the citizenry voting today. For those who have lost out, don’t worry you can trudge down to your local cannabis shop (likely two blocks from your house) to drown your sorrows. All perfectly legal thanks to T2 and his gang.

#150 Ponzius Pilatus on 09.20.21 at 11:21 pm

#110 Flop… on 09.20.21 at 8:25 pm
#105 crowdedelevatorfartz on 09.20.21 at 8:14 pm
@#99 KLNR
“I will be celebrating with a Stiegel later tonight.
fantastic beer.”

++++

Hmmmm.
A tasty beer….my interest is ponzie piqued.

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

Crowdie, don’t fall for Ponzi’s trap.

Any beer he recommends is guaranteed to make you lean to the left…

M47BC
_______________
flop, trust me taste it. Good brew.
Brewed in Salzburg, home of Mozart.
Whatever happened to Fosters?
Australians cousin of the Budweisser piss beer.

#151 crowdedelevatorfartz on 09.20.21 at 11:21 pm

@#144 Canuck
“Is it any wonder why no one likes Toronto? Those idiots never learn.”

++++
No surprise.

ALL the cities vote Left.

City folk vs Country Folk

Toronto just has more city folk.

Well Trudeau has inherited another MINORITY govt.

Now he gets to wear the fallout of
Covid
Deficit.
Debt.
Rising interest rates
Recession.
Housing.
A very very angry country….

Careful what you wish for.

Sadly.
We have to listen to his bullshit for another 2 years ?

I think we’ll see another election in less than 18 months because……people are pissed.

#152 Shawn allen on 09.20.21 at 11:22 pm

Four More Years!!!

Which is a gain of two years.

This loss is O’Toole’s fault with a big assist from Mad Max.

Leadership change needed now.

#153 Cici on 09.20.21 at 11:22 pm

#143 Quintilian on 09.20.21 at 10:56 pm
Any words of wisdom from the curmudgeons?

Yes, bonk anyone you know who voted PPC on the head, because thanks to them, JT is probably going to get an undeserved majority.

It’s an incredibly tight election, and in those ridings where the PPC siphoned off critical CPC votes, the Liberals have been able to gain footholds.

So in four years, beg everyone you know to vote with their heads rather than for “freedumb”… if by then there’s anything left of Canada worth salvaging, that is.

#154 FriedEggs on 09.20.21 at 11:27 pm

Nothing is ever a waste – what is the MO?

Who benefits? Certainly not the good fellow human spirits. Our masters are smarter than you simple citizens.

#155 IHCTD9 on 09.20.21 at 11:29 pm

#143 Quintilian on 09.20.21 at 10:56 pm

Any words of wisdom from the curmudgeons?
———

I look at it this way: at least I’ll have multiple millions to pass on to my kids. Half of it will be from just chillin’ here in the bunker complex – sweet!

I’m going to spend a bunch of it on a salmon boat next summer (That’s the wise part).

#156 Cici on 09.20.21 at 11:42 pm

To be fair, it also looks like most of the projected vote splitting in favour of the NDP went back to the liberal camp. Apparently those Liberal NDPers were very afraid of a Conservative government.

#157 Ted on 09.20.21 at 11:50 pm

Toronto is the real problem. Why even have elections there. They always vote liberal. We need a good housing, real estate, jobs crash in Toronto. Maybe there will be some sanity restored there.

#158 Faron on 09.20.21 at 11:53 pm

8:45 Pacific, the PPC has sent 5.3% of votes cast into a political black hole netting zero seats. LOVE IT. I’ve known the other side of that coin when Greens sponged enough votes from the democrats to prevent a Democratic win. I feel ya.

Still, all this time you commenters have been informing me that the left was eating its own. Hmmm. Care to revisit that notion?

NDP siphoning some seats off the libs and greens I presume. Still lots of votes to count…

#159 the Jaguar on 09.21.21 at 12:04 am

Tuning in just as CBC displays a map of Canada with ‘coloured’ areas that represent the supported political parties, i.e red, blue, yellow. Deja Vu all over again, and so striking in its resemblance to the coloured map of the United States after their recent election where the ‘Red’ & ‘Blue’ states showed how very divided that country remains.

It’s really no different on this side of the border. If we’re held together by anything it must be bandaids, chewing gum, or sadly being too lazy to bother with any meaningful change. What Dmitry Orlov refers to as ‘being forced to live among incompatible people, whose acceptance of you, and yours of them is based on an enforced ideology of sameness contradicted at every turn…’.

It’s all wearing a bit thin, though. The banquet of consequences seems to be just around the corner. FIshman had it right. “If they aren’t your values, join a tribe that emboldens your values. Make sure its a tough tribe.” Well said. I would add that ‘Revenge is a dish best served cold’, and it’s going to get very cold.

Not to worry though, for all of you who are counting on ‘His Excellency, Prime Minister for Life, Field Marshal of Blackface and Wokeness, Lord of All the Beasts of the Earth and Fishes of the Seas’, trading on style versus substance. What a crashing bore. And so expensive.

#160 The West on 09.21.21 at 12:05 am

You were right Garth, in seven ridings I have counted so far the PPC vote combined with the Con vote was enough to oust the Liberals.

Trudeau tips his hat to Bernier.

#161 Dudley on 09.21.21 at 12:05 am

Now that the wasteful election is over today, the real pain begins. The TSX will be 16,750, Dow will be 29,750, S&P 500 will be 3,875, Nasdaq will be 11,900 by October-31-2021. You will all see. Easily 15% to 20% big correction coming.

#162 Grunt on 09.21.21 at 12:06 am

There you go Garth. Impotency of the federal conservative party. An unknown name and an uncharismatic leader. Most voters have little clue about the platforms.

The world tomorrow won’t have to wake to an unknown name to remember Canada.

#163 Frankie on 09.21.21 at 12:25 am

Got an email from my friend today that my Wealth One Bank in Canada has a promo minimum $25,000 for 5 year GIC’s at 2.88%.

For the current portion of my fixed income 10% of all my portfolio that is in short term bond funds getting a 1.00% low interest rate, RRSP’s, TFSA’s is now going at 2.88% but since it is compound interest 2.88%/year it is really 3.05%.

#164 Bonobo on 09.21.21 at 12:28 am

Called it.

Now we wait 2-4 years for the Liberal NDP partnership to implode as they continue to drag Canada down into a socialist-marxist hell hole.

Batten down the hatches.

Hopefully next election we see a Conservative majority…

#165 Millennial Surrealist on 09.21.21 at 12:32 am

What a total joke…$600M wasted…

T2Redux

Spend $500B …no one cares..
Paint yer face black….no one cares..
Make idiotic tiktok jingle tunes y3o announce policies.. no one cares..

So now the the dressup dude propped up by the skateboarder dude…..will spend a few more 100 billions to do it all over again in 18 months

We are no longer a serious country…

#166 crowdedelevatorfartz on 09.21.21 at 12:41 am

@#132 MASSIVE LIBERAL MAJORITY ON THE WAY!

+++++

Justin has his Minority.
He doesnt need you gullible sheeple for at lease a year or two.
Unfortunately for you….the CERB par-tay ends next month.

:)

Gonna be fun watching Bobblehead Finance Minister crank up taxes next Spring.

Nuthin is free..pay up suckas.

#167 Cto on 09.21.21 at 12:52 am

#144 canuck on 09.20.21 at 10:58 pm
“Is it any wonder why no one likes Toronto? Those idiots never learn.”

In Toronto people have been relying on yearly house appreciation to sustain their living standards…
There no jobs there except for residential finance, construction, real estate. The game is, …bring people to canada, sell or rent them place to live. There is no other industry.
JT pledged to deliver this…

#168 DON on 09.21.21 at 1:16 am

No change, the polls weren’t lying. Looks like only at NDP went up in seat count (at this point).

So a minority gov, making all election promises mute unless consensus is reached. As democratic as it gets. No outlandish policies championed by a majority gov (elected by 33% of the vote).

Mr. Trudeau has to deal with his record. The pop may just happen on his watch. Enter stage right Mr. Carney who will be defeated in the election to another party.

Time for a different more representative voting system???

#169 Jane Finch on 09.21.21 at 1:25 am

Addendum:

https://finance.yahoo.com/news/hong-kong-stocks-sink-evergrande-023055601.html

Read, confirm, not a single global enterprise mentioned. The China debacle is internal only.

Those panicking are I’ll educated fools. Thx for the Fire Sale.

#170 Miss Boomer on 09.21.21 at 1:33 am

Which is worse, Taliban or Chinese Communist Party? Do you really know what’s going on in China?

https://www.bloomberg.com/news/articles/2021-09-20/china-slams-effeminate-men-in-xi-s-mounting-push-for-conformity

Pick a side. Xi’s propaganda about his love of globalism and a multilateralist upset of democracy is total BS !!

Yes, we will see war in our lifetime.

#171 Annek on 09.21.21 at 1:41 am

Sad day for Canada’s future. Liberal minority government.
I was hoping for a surprise outcome, but the writing was on the wall. More spending , more deficits, more taxes .
The Sheeple have spoken.
Worst is that I have to listen to that drama teacher’s B##%S for at least two more years.

#172 AM in MN on 09.21.21 at 6:24 am

Hearing a lot of chatter in YVR about the Chinese Communist Party out in full force on social media like WeChat, telling those who can read Chinese not to vote Con.

If you’ve got family back in the old country (which now incl. HK), we know where they live.

Did in 2 Chinese Con MPs and probably an effect in Granville, not sure about GTA.

They play hardball, and I have no confidence in ANY western leader to stand up to them.

The lull of complacency for the avg Lib/NDP voter (or US Dem/UK, AUS,NZ Labour voter) may not last…

#173 Prince Polo on 09.21.21 at 7:11 am

So our dear Photo-op Minister wasted $610M to gain 1 seat and he immediately resigned, right? Cue the next 4 year of hemorrhaging money and a couple more ethics scandals. What a “glorious” leader we have.

#174 MASSIVE LIBERAL MAJORITY ON THE WAY! on 09.21.21 at 7:14 am

THEY HAVE DONE IT!

With the NDP at their side, the Liberals can now move in a much more progressive way!

THANK YOU MAX AND ALL YOUR SUPPORTERS HERE!

#175 Jenna on 09.21.21 at 7:15 am

Oh Trudeau,

Welcome to Groundhog Day !

Selfish calling an election and a justly unrewarding outcome.

#176 Dharma Bum on 09.21.21 at 8:06 am

I just figured out what went wrong.

My mail-in ballot must have got lost in the mail.

Stupid Canada Post.

#177 the Jaguar on 09.21.21 at 8:07 am

Coming to a neighbourhood near you soon. Snippet from NP. So much for good old fashioned work ethic. As time passes they’ll never get their mojo back. ::

“Emergency unemployment benefits in the U.S. expired two weeks ago, but employers who expected an increase in job applications are still largely waiting for them to roll in.

Economists and companies expected a wave of interest from workers as the financial lifeline was pulled away, hoping it would provide the incentive to get back into the workplace.

One reason could be pent-up savings, according to Daniel Zhao, senior economist at Glassdoor Inc. Stimulus cheques, boosted unemployment benefits and expanded social safety nets drove the savings rate to a record 34 per cent last year, and it remained elevated at 9.6 per cent in July.”

#178 Steven Rowlandson on 09.21.21 at 8:25 am

DELETED (Anti-vax)

#179 Time for the West to she-cede on 09.21.21 at 8:41 am

Maybe if western Canada, BC Alberta Saskatchewan, even Manitoba, if we ask to she-cede, we can finally get the hell out of here and be a successful nation, instead of the irrelevant financial supporters that we are at present.

#180 Prince Polo on 09.21.21 at 8:42 am

Faced with a growing affordability crisis, Berlin will ask voters this month to consider a radical housing decision: whether or not to evict the city’s biggest landlords and transfer 240,000 rental units to public ownership.

After collecting nearly 350,000 signatures, Berlin housing activists secured a referendum to be held alongside Germany’s national and state elections on Sept. 26. Voters will be asked whether the city should invoke a rarely used article of the German constitution to expropriate corporate landlords owning 3,000 or more units, including the country’s largest, Deutsche Wohnen,­ and Stockholm-based Akelius, which also owns properties in Montreal and Toronto.

https://www.theglobeandmail.com/business/article-berlins-bold-proposal-for-surging-rents-evict-the-landlords/

#181 crowdedelevatorfartz on 09.21.21 at 8:48 am

@#174 Massive Liberal Majority

30% of the votes.
The only “Majority” Trudeau won was ……a majority of voters cast ballots for ‘anyone but Trudeau”.

Trudeau couldn’t win a majority even when he ran against a Tory Blue pumpkin.

We’re still waiting for your “majority”.

:)

#182 Oleg on 09.21.21 at 8:50 am

Garth, you gotta expand your QC audience :D

#183 KLNR on 09.21.21 at 9:15 am

kinda surprised the PPC turned out to be a total nothing burger. thought they might get a seat or two. guess it’s still just the fringe throwing their vote that way.

#184 Woke up this morning... on 09.21.21 at 9:28 am

#145 S.Bby

Well what a waste of $650 million.

——-

Way to focus on the toothpick and not on the forest.

Liberal NDP combo are about to take out yet another credit card and run it up to the full limit of $300 BILLION!

And that’s before 2021 ends probably.

Don’t miss that part.

#185 Steven on 09.21.21 at 9:40 am

Trudeau is the Liberal Toronto Party not the Liberal Canada Party. Toronto is a mini dictatorship within Canada. Remember when Canada said they were looking at possibly separating because of Doug Ford cutting the city councilors in half. I wish they did.

#186 IHCTD9 on 09.21.21 at 9:45 am

Gen-X’ers and older Mils who own a home and managed to save a bit in the dying days of the old Canada have just got to love this situation.

That’s probably why so many of these folks chill here at the GF, no Canucks in the history of Canada have won as big as these folks have. They’re going keep those gains too – because you didn’t need to be rich 15+ years ago to buy a house, so they’ll be dodging all these new taxes.

The Canadian prosperity wall is about to have its already formidable foundations backed by steel reinforced concrete bulwarks. You can’t win in Canada anymore unless you own a house, or you have a 1%’er income. Even in the sticks now. But the 1%’ers are now in the crosshairs, while the lucky home owners are set to become enriched (again) through housing policy.

Let the skrilla come to poppa homies!

If Trudeau lasts four years, the transformation will be complete – and a new, young, permanent renter class will emerge. Homeowners and LL’s will live high on the hog off RE gains, then pass that golden goose down to their kids.

#187 James on 09.21.21 at 9:54 am

We have just witnessed a pompous fool waste $610 million dollars of our taxpayer money to run a race that essentially put him and his scandalous cronies back in the same spot. He had his victorious speech early this morning to tout the virtue of “us” the Canadian people giving him the chance to get the jobs that he promised in the last election done. (The jobs he should have done during his tenure, that’s what he is paid to do!) He also told us basically “You are sending us back to work with a clear mandate to get Canada through this pandemic and to the brighter days ahead.” “What we’ve seen tonight is that millions of Canadians have chosen a progressive plan.” (We did not need to choose a new plan you blabbering idiot, not in the middle of a pandemic. In addition to that Mr Socks brighter days were ahead regardless of your foolish waste of $600 million dollars. We could have used that money in other places.) In my opinion it is a significant reversal of fortunes for Trudeau. He propelled this campaign with a substantial lead in the polls then only to see his support cave in the following days as many voters expressed anger with his decision to call an election during this health crisis. (Do you think he cared?) The one article that he cannot shake is his Blackface, but the more important issue is his two-faced approach to his past scandals i.e. SNL Lavalin, Jody Wilson-Raybould. (I am looking forward to reading her book) My wife commented last night that there is something creepy about Trudeau that she cannot quite put her finger on and she found it weird that last night the whole family came on stage to make a concerted effort to show a united presence in front of the country. She said “I’m sure he’s hiding something more in his past or present that we don’t know about yet.” BTW: Where were they during the election?
So here’s what we could have done with $610 million dollars.
Provided clean water to every single native community in the country!
Built multiple urban housing units for the low income people that would housed hundreds or a few thousand depending on where they built them!
Built one medium sized hospital.
Built several small hospitals and or health units.
Built a major hi-way.
Repaired multiple bridges and arterial roadways.
Yes a victory Selfie Boy, just keep telling yourself that every time you stand up in front of the Canadian that you just fleeced of hard earned tax payer dollars to massage your enormous ego.
See you in eighteen months after you and your leftist friends can no longer come to an agreement on how to foolishly spend our money.

#188 Brenda on 09.21.21 at 9:55 am

Notice how John Tory stayed quiet and did not endorse Trudeau and the Liberals. He knows when to hide and slip through the campaign noise. Also, where is Paul Martin Mr. Liberal minority that lost to Harper and still is resentful could not be a real elected prime minister like his father. Just like the song backstabbers.

#189 James on 09.21.21 at 9:57 am

#181 crowdedelevatorfartz on 09.21.21 at 8:48 am

@#174 Massive Liberal Majority

30% of the votes.
The only “Majority” Trudeau won was ……a majority of voters cast ballots for ‘anyone but Trudeau”.

Trudeau couldn’t win a majority even when he ran against a Tory Blue pumpkin.

We’re still waiting for your “majority”.

:)
__________________________________________
He lost the popular vote again to the cons!
Thank God he did not get a majority, that’s like giving a crackhead a credit card.

#190 HonestEnD on 09.21.21 at 10:13 am

So does this mean the flags will stay half-mast for at least two years?

#191 KLNR on 09.21.21 at 10:14 am

@#189 James on 09.21.21 at 9:57 am
#181 crowdedelevatorfartz on 09.21.21 at 8:48 am

@#174 Massive Liberal Majority

30% of the votes.
The only “Majority” Trudeau won was ……a majority of voters cast ballots for ‘anyone but Trudeau”.

Trudeau couldn’t win a majority even when he ran against a Tory Blue pumpkin.

We’re still waiting for your “majority”.

:)
__________________________________________
He lost the popular vote again to the cons!
Thank God he did not get a majority, that’s like giving a crackhead a credit card.

with the support of the NDP and the fact nobody will want an election anytime soon, JT can govern like he has a true majority.

#192 Planetgoofy on 09.21.21 at 10:14 am

What a waist of money
Waist a wsist of time
What a fricken arrogant idiot.

#193 Richard on 09.21.21 at 10:22 am

I think Garth will be likely right when it comes to higher interest rates, mortgage rates, line of credit rates, HELOC rates, GIC rates, government bond rates etc.

Trudeau, Freeland with the help of the Singh NDP pick your pocket with higher taxes from income taxes to carbon taxes to higher GST/HST. By the way, if you think that because you don’t have savings, investments and your job is not that a great pay, lower income, get ready to pay much more for all your stuff.

You are going to pay alot more for fast food, groceries, gas, TTC other transit, other transportation, electricity, rent, insurance of all types, even your pot shop weed. Get used to it. You don’t want to know about his father, Pierre Trudeau when inflation and price controls, taxes pushed prices up for everything. Good luck with your liberal, crushing your lifestyle economics. Pay, complain and then shut up for a bit like a good little liberal.

#194 NoConJob on 09.21.21 at 10:24 am

Canada is a progressive country folks. When will the Cons ever learn? It’ll be a VERY long time before they win another election if they don’t truly move to the left of center. How about recognizing climate change as a start ?

#195 Quintilian on 09.21.21 at 10:26 am

I am amazed at the lack of understanding on the part of the curmudgeons.

It is said that in youth we learn, and with age we understand.

Not so when it comes to emotionally triggered old fools who live in denial.

Voters pick their leaders through a process tainted with corruption.

We the voters, are morally underdeveloped, and easily bribed.

#196 crowdedelevatorfartz on 09.21.21 at 10:29 am

@#183 KLNR
“kinda surprised the PPC turned out to be a total nothing burger. thought they might get a seat or two. guess it’s still just the fringe throwing their vote that way.”

+++

No.
They probably siphoned off enough Con votes in a few key ridings to save Trudeau’s bacon.

Idiots following a fool.

#197 Ponzius Pilatus on 09.21.21 at 10:36 am

156 Cici on 09.20.21 at 11:42 pm
To be fair, it also looks like most of the projected vote splitting in favour of the NDP went back to the liberal camp. Apparently those Liberal NDPers were very afraid of a Conservative government.
———————
I think you got that one right.
Many left voters probably were afraid of COVID mismanagement by the Cons.
Oh, well at least I did.

#198 MASSIVE LIBERAL MAJORITY ON THE WAY! on 09.21.21 at 10:42 am

GOD BLESS MAXIME BERNIER!

#199 C Gabe on 09.21.21 at 10:47 am

PETE MACKAY,

IT’S ALL ON YOU!

#200 Planetgoofy on 09.21.21 at 10:49 am

Garth we know who reads your blog or at least most.
They can do math.
The fact that a fool gets re-elected on a power grab expensive election just shows me how many ignorant Canadians there are. Thats putting it politely.
Well here we go, he inflated my stuff. $10 millions just around the corner. Thanks Mr fool. Im glad I dont have kids.

#201 Damifino on 09.21.21 at 10:50 am

Election takeaway:

“Divisiveness Is Our Strength”

#202 Shawn Allen on 09.21.21 at 10:58 am

Shop Around to Force Deposit Interest Rates Higher

#163 Frankie on 09.21.21 at 12:25 am
Got an email from my friend today that my Wealth One Bank in Canada has a promo minimum $25,000 for 5 year GIC’s at 2.88%.

For the current portion of my fixed income 10% of all my portfolio that is in short term bond funds getting a 1.00% low interest rate, RRSP’s, TFSA’s is now going at 2.88% but since it is compound interest 2.88%/year it is really 3.05%.

***************************************
This is great. I applaud Frankie for moving a bit of money to a higher interest rate payer.

But be a little careful as to where the money is going, the strength of the institution. Make sure it deposit insurance applies. Make sure the institution is real and not a scam. NEVER ever even consider putting your money offshore, that will almost surely be a scam as well as illegal if done to evade tax.

Also the scenario described sounds quite inconvenient. You cannot put existing RRSP or TFSA money in another institution unless you open a new TFSA and RRSP at that new institution. Unlikely you would want to transfer your whole RRSP or TFSA to this place and most people will not want multiple TFSA or RRSP as it adds complexity.

Money in a margin account can be moved without much added complexity. One more T5 however.

The banks know it is inconvenient to move money and they take advantage of that. But let’s do what we reasonably can.

#203 Ponzius Pilatus on 09.21.21 at 11:10 am

Lots of sore losers here.
Especially James.
I wish, life would always go my way.
As for the 610 mill.
Anyone knows the breakdown?

#204 When Will They Raise Rates? on 09.21.21 at 11:11 am

“The PPC had just over five per cent of the popular vote at last count. The party has notably done better in Ontario,  where it has so far garnered just under six per cent of the vote.

And its stronger showing might have hurt the Conservatives. According to an analysis by CBC News Labs, vote splitting between the Tories and the PPC may have cost the Conservatives up to 24 ridings. They include a handful in southwestern Ontario, such as Cambridge, St. Catharines and Kitchener South—Hespeler.”

https://www.cbc.ca/news/politics/peoples-party-election-2021-1.6182680

^ If true, PPC supporters cost O’Toole the election and gave us 4 more years of Trudeau. Exactly what I feared would happen.

#205 Dr V on 09.21.21 at 11:13 am

184 Woke up

“Way to focus on the toothpick and not on the forest.”

Indeed. Think of our host’s priceless irreplaceable old growth blogspace that was wasted on this.

174 Massive Majority

“With the NDP at their side, the Liberals can now move in a much more progressive way!”

New boss same as the old boss. Except it is the old boss.

#206 Planetgoofy on 09.21.21 at 11:19 am

#187 James on 09.21.21 at 9:54 am
———
Well done James….very well done. Congrsts to you…..smarter than the average Kanuckle head no doubt.
You and your wife see him for what he really is.
Pathetic.

#207 Ponzius Pilatus on 09.21.21 at 11:20 am

Looking at the results, if anyone should be screaming: bloody unfair, it should be Maxi.
He got almost 3x more votes than the tree huggers, but got no seat, zippo.

#208 Planetgoofy on 09.21.21 at 11:23 am

#203 Ponzius Pilatus on 09.21.21 at 11:10 am
—————
Breakdown? Who the F cares????
Did you figure out finally that Arazona HAS NO OCEAN FRONT?? Daaaaaaaaaaaaaaaa

#209 Doug t on 09.21.21 at 11:26 am

This country gets what it deserves – bleh

#210 Planetgoofy on 09.21.21 at 11:37 am

Ponzi…what dont you understand about the waist of $600,000,000.00 plus loonies??????
Theres one dum dum here thats for sure.
Hey id love to butt heads with a guy like you…[email protected]

https://www.bnnbloomberg.ca/trudeau-s-election-ploy-becomes-a-600m-cabinet-shuffle-1.1655243

#211 IHCTD9 on 09.21.21 at 11:50 am

Canada is losing it. It’s totally possible for our net worth to be multiple millions at 65 if things keep up the way they are politically. Absolutely stupid for what we’ve put into it. The way it’s going – both our kids will receive an outstanding multiple-million dollar inheritance when we go, and it’s not like we invented sliced bread or anything.

Really though, I hope it all blows to smithereens, we’re living in la-la land.

#212 Craig on 09.21.21 at 11:52 am

https://www.ucanwest.ca/blog/business-management/canada-ranked-best-country-in-the-world

Recently Canada was ranked as the best country to live in in the world. Yes things are far from perfect but we doing better than most.

#213 Faron on 09.21.21 at 11:55 am

You blog dogs should be stoked that Mr. Trudeau continues at the helm. What would you have to bitch about
for the next half decade if your boi took the prize? Or maybe you would have abandoned the internet and lived in a blissful state of technology free mental health?

#214 IHCTD9 on 09.21.21 at 11:59 am

#203 Ponzius Pilatus on 09.21.21 at 11:10 am

As for the 610 mill.

Anyone knows the breakdown?

___

Sure, 100% into the $hitter.

#215 Faron on 09.21.21 at 12:01 pm

#177 the Jaguar on 09.21.21 at 8:07 am

“Emergency unemployment benefits in the U.S. expired two weeks ago, but employers who expected an increase in job applications are still largely waiting for them to roll in.”

Ha ha haaa. But, but, I thought the workers weren’t working ’cause free money? They must be lazy. Another conservative trope dashed on the rocks of reality.

Yes, look everywhere but at the elephant in the room. Cost of living is high, COVID risks are high, no one wants a crap job that pays dirt. So shelve your dividends and buybacks and bump up the bottom end pay scale including benefits and watch workers flood back in.

#216 ImGonnaBeSick on 09.21.21 at 12:03 pm

The liberals have very smart strategists, and a very dumb electorate…

Well, here’s to 2 (or less) more years of continued inflation of 4%, capital gains inclusion raised to 75%, start of the fiddling with the primary residence exemptions, gas creeping to $2, continued removal from 5 eyes, more division between east and west, fiddling with the TFSA, more scandals, more gun crime, and more isolating of Canada..

#217 Quintilian on 09.21.21 at 12:07 pm

#198 MASSIVE LIBERAL MAJORITY ON THE WAY! on 09.21.21 at 10:42 am:

GOD BLESS MAXIME BERNIER!

Yes, because God would not permit a clone of Jason Kenney to become PM

#218 KLNR on 09.21.21 at 12:11 pm

@#167 Cto on 09.21.21 at 12:52 am
#144 canuck on 09.20.21 at 10:58 pm
“Is it any wonder why no one likes Toronto? Those idiots never learn.”

In Toronto people have been relying on yearly house appreciation to sustain their living standards…
There no jobs there except for residential finance, construction, real estate. The game is, …bring people to canada, sell or rent them place to live. There is no other industry.
JT pledged to deliver this…

lmao, you dimwits couldn’t be more wrong.

#219 tired of politicians, current, past and future on 09.21.21 at 12:26 pm

Take your medicine progressive conservatives. You built this but will you learn from it. I’m doubtful.

#220 Barb on 09.21.21 at 12:29 pm

Small mercies:
T2 didn’t get a majority, and Max got his hat handed to him.

#221 Jesse on 09.21.21 at 12:30 pm

#132 MASSIVE LIBERAL MAJORITY ON THE WAY! on 09.20.21 at 10:14 pm
LIBERALS ARE CRUSHING IT!

EAST TO WEST!

Go JUSTIN!!!!!!!!!!!!!!!!!!!!!!!
*************************

Is this sarcasm?

#222 mx on 09.21.21 at 12:37 pm

DELETED (Covid denier)

#223 Yuus bin Haad on 09.21.21 at 12:41 pm

Best episode of Seinfeld EVER!

#224 S.Bby on 09.21.21 at 12:52 pm

PPC got over 5% of the popular vote. More than the Greens. Good for them, there is hope yet.

The PPC prevented up to 24 ridings from going Conservatives, keeping Trudeau in power, while Bernier lost his own seat (because people in his riding know him). What victory is that? – Garth

#225 IHCTD9 on 09.21.21 at 12:53 pm

#219 tired of politicians, current, past and future on 09.21.21 at 12:26 pm

Take your medicine progressive conservatives. You built this but will you learn from it. I’m doubtful.
____

Just a quick tip on what happens to a Con when the Libs win.

They generally speaking get richer. That’s why no one is clenching fists and gnashing teeth over Trudeau winning. IIRC, it was fully expected.

We all got stuff to gripe about – but getting stupid rich because a house pumping cash dispenser won the election ain’t one.

#226 Faron on 09.21.21 at 12:56 pm

#216 ImGonnaBeSick on 09.21.21 at 12:03 pm

So, the federal govt is going to do “things”. Sounds pretty normal. On your items

Inflation: not Justin’s purview

Cap gains inclusion: good. It should be 100%. There is no good argument why it shouldn’t. It’s income. Full stop.

Residential RE exemption fiddling: good. Single family RE should not be a speculative instrument. Full stop.

$2 gas: good. Perhaps allow credits to those who have to commute long distances.

5 eyes: agreed. Bummer.

Division: I think you mean between center and coasts. Western BC is NDP and Liberal land. Regardless, there’s more to it than Justin. Division is globally driven through internet media. No PM wants to interfere with a free internet.

Scandals are everywhere

Gun crime? WTF you talking about?

Isolating: A PM who plays ball globally isn’t isolating. You have Justin confused for Trump.

Get over it. Your guy lost. You will be fine. I’d wager you will be dragged, whining, into an improved nation.

#227 Stuart on 09.21.21 at 1:10 pm

Shawn Allen, I know what you mean and moving money around is never easy but if you want higher GIC rates you have to do it.

The best way to know if a financial institution in Canada is to check each province’s deposit insurance website or phone number and CDIC deposit insurance website, phone number. The best rates I got recently was 2.5% and 2.6% for 3, 4 year GIC’s in my RRSP’s, TFSA’s fully Ontario FSRAO insured formely known as DICO.

Always shop around for higher GIC rates online. There are plenty of websites and information out there. I like having all my fixed income, GIC’s in my RRSP’s, TFSA’s because it shelters it from tax, tax deferred RRSP’s, tax free for TFSA’s only and I don’t get dinged on the compound interest every year making my taxable income in a higher tax rate.

My $3,900 a year in yearly compound interest from my RRSP’s, TFSA’s would cost me $1,400 a year extra tax which is better in my hands being reinvested every year.

#228 Ustabe on 09.21.21 at 1:12 pm

Whenever I failed in a business deal I spent very little time excoriating the other side. At that point (and thankfully those points were few and far between) it did not matter what the other side was doing.

What mattered was what did I learn from the experience, how could I improve my next deal in my favour, what could I do to be better.

Think about the evangelical right in the US. They wanted political power so they opened their own universities and began pumping out lawyers. Decades later those lawyers became judges and now the Supreme court is full of Liberty University types.

Same with trees. Beautiful things but I’m planting trees on my property at my mid 70’s that I’ll never see the full beauty of. Last one was a Tulip Tree…but my point is the next guy or my kids or their kids will benefit from that tree. I’d bet that sounds alien to some of you.

Those of you spewing (and some of you genuinely are spewing) hatred and vitriol towards your fellow Canadians, looking only beyond yourselves in an attempt to cast blame, carry the blame. You should be contacting your local precinct, local party association and asking “What can I do to help for next time?”

As I have stated many times over the years I’ve been here and recently a couple of others have come onboard, your CPC is in disarray, it is out of touch with the majority of Canadians. Add up the Lib, NDP, Green and so on vote and see where most Canadians are.

Canada is a social democracy and by far the vast majority of Canadians want that. Those of you talking about fascist this, idiots that, do yourself and the cause of conservatism in Canada no favours at all.

What historically happened to the Progressive Conservative parties both in provinces and federally is happening right now, in real time to the Conservative Party of Canada.

The only way to stop it is to put in the work, local and up, inform the party functionaries what kind of party you want it to be…and bear in mind what Canadians want. And don’t give me any of that “they want handouts” bs.

What they want is to live in Canada free from being called idiots for voting their conscience. They want to conduct their lives free from being challenged to a physical fight, free from having their wives called [email protected], free from harassment as they go to visit a sick kid in the hospital, free from all the antics the right populated this campaign with.

As Pogo famously said, “We have met the enemy and he is us.”

#229 James on 09.21.21 at 1:18 pm

#203 Ponzius Pilatus on 09.21.21 at 11:10 am

Lots of sore losers here.
Especially James.
I wish, life would always go my way.
As for the 610 mill.
Anyone knows the breakdown?
_________________________________________
Not sore at all if you look at my earlier post I nailed it. I knew it was going to be the same old same. I voted and my vote counted toward democracy. I would be sore if I did not vote and was bitching about Mr Socks. It is no surprise to anyone here that I do not care for Trudeau and believe that he and his cronies are tainted with scandals and blind ambitions.
So very happy and looking forward to the next time I can exorcise my democratic right.

#230 IHCTD9 on 09.21.21 at 1:24 pm

#212 Craig on 09.21.21 at 11:52 am
https://www.ucanwest.ca/blog/business-management/canada-ranked-best-country-in-the-world

Recently Canada was ranked as the best country to live in in the world. Yes things are far from perfect but we doing better than most.
___

Yes, we are in and around the peak for prosperity in Canada right now. But the writing is on the wall for the future.

Outrageous debt levels at rock bottom rates, and some of the largest public and consumer debt piles in the world. Some of the highest housing prices in the world. Critical industries have been trampled. Manufacturing still exiting at a rapid pace.

We’ll be heading back down that list when we are no longer able to borrow a couple hundred billion every year, or rates go up.

#231 Rajeed on 09.21.21 at 1:32 pm

Hey Shawn Allen, Tripp, I agree that $1 million is not as it used to be back 30, 40 years ago. The main difference is obviously inflation, cost of living has gone way up, maybe on average 3 or 4 times higher in 30 to 40 years.

However, the main difference is the low interest rates that they give you now in decent, safer, high quality hbonds, GIC’s, term deposits. If you shop around and go a little longer term maybe you can get 2% to 3% at most. You might get 3.5% to 3.6% investment grade, quality bonds but that is stretching it.

In the 1980’s, 1990’s, you could easily get 5% to 10% on your savings, GIC’s, Canada, provincial bonds. So $1 million at 5% to 10% is $50,000 to $100,000 a year interest back then now the same $1 million gets you $20,000 to $30,000 at most in yearly interest.

This is the big difference today in 2021. If you asked most if their $1 million was getting a 6% 5 to 10 year GIC, could they live off $60,000 a year pretty well, most would say yes. This is true as most that have $1 million in savings investments don’t have much or any debt in the first place.

Also, the argument about low inflation, lo cost of living, lower taxes compared to the past does not have an truth anymore, 4.10% annual inflation in Canada latest stat, taxes are going up alot everywhere the last 6 years under liberals in Canada, city property taxes, garbage fees, utility fees, water fees etc. are all going way up too, 7%+ a year.

All gas, groceries, insurance, many other things going up alot in price everyday too.

#232 S.Bby on 09.21.21 at 1:37 pm

#224 – Garth: What victory is that?

You are only looking at this analytically. I never said it was a victory but change has to start somewhere. At least those people voted with their hearts not their minds because they love Canada and don’t want it destroyed by the left woke idiots. The Cons are no longer an option for many since they have gone to the dark side of centre.

Canada will never vote in a socon government. Centrists win. Learn that or have a Liberal-NDP administration forever – Garth

#233 Ponzius Pilatus on 09.21.21 at 1:45 pm

#212 Craig on 09.21.21 at 11:52 am
https://www.ucanwest.ca/blog/business-management/canada-ranked-best-country-in-the-world

Recently Canada was ranked as the best country to live in in the world. Yes things are far from perfect but we doing better than most.
————————-
Goofy, did you know that?

#234 KLNR on 09.21.21 at 1:57 pm

@#232 S.Bby on 09.21.21 at 1:37 pm
#224 – Garth: What victory is that?

You are only looking at this analytically. I never said it was a victory but change has to start somewhere. At least those people voted with their hearts not their minds because they love Canada and don’t want it destroyed by the left woke idiots. The Cons are no longer an option for many since they have gone to the dark side of centre.

Canada will never vote in a socon government. Centrists win. Learn that or have a Liberal-NDP administration forever – Garth

bingo.
parties like the PPC, greens, CHP and even the NDP will always be out in the weeds.

I could see a social con like leslyn lewis taking over the PC leadership which would only make things worse for them.

#235 Quintilian on 09.21.21 at 2:04 pm

“Canada will never vote in a socon government. Centrists win. Learn that or have a Liberal-NDP administration forever – Garth”

What is wrong with that?
It reflects the wishes of the people.

#236 Alina on 09.21.21 at 2:13 pm

S.Bby, Toronto is a mini California. It will never change from Liberal to any other party. I don’t see much seats ever going to conservatives and if they do it is short lived because they are all on the government cheese. They either work for the government or get benefits, pensions from the government.

This is the real reason why the Liberals got a minority last night, 2021 Canada election but with less overall votes then the conservatives. Look Toronto needs a good hard lessen with more job losses and higher cost of living, inflation and a big tax on their principal residence or deep real estate correction, 35%-40% minimum to shake the money tree and make them think about what liberals, socialist, leftist policies are all about.

The Trudeau Liberals got 158 seats compared to 119 seats conservatives which is 39 more seats of which 27 or 28 seats are in just Toronto, 70% of all the more seats the liberals got is in just Toronto. Toronto is going to be like many US democrat states if it is not careful with high crime, high taxes, high unemployment, high cost of living, inflation, high rents, high real estate, housing prices, high parking fees, levies, fines, restrictive parking, high red tape, government bureaucracy, high government workers sector crowding out private sectors, businesses, high homeless rates, high drug rates, high energy costs, gas prices, tax regime, high pollution, garbage problem, high business bankruptcies, closures, failures etc.

#237 tired of politicians, current, past and future on 09.21.21 at 2:14 pm

Early reports are trickling in and it appears I’m correct. Progressive conservatives can’t/won’t/choose not to learn. Oh Canada.

#238 Oakville Rocks! on 09.21.21 at 3:21 pm

@#228 Ustabe – well said!

But the line “I’d bet that sounds alien to some of you.” is not necessary.

So many come here to look down their noses at the “idiots” surrounding them.. you don’t need to add to their numbers. Your post is positive and constructive otherwise.

Your tree story reminded me of something Anita Roddick’s gardener / landscape designer / friend said after her sudden and early death from a brain hemorrhage. He said his only regret upon completion of landscaping of the grounds of her English estate was that he recommended planting young trees to line the long driveway and throughout the estate to save money. Obviously, she could afford to plant more mature trees and had he done so, she would have had the chance to enjoy the vision of her/his design before her sudden and unexpected death.

Anita Roddick’s book Body & Soul is a great read if anyone has the time.

#239 BCWally on 09.22.21 at 3:45 am

I think the endgame of this election hasn’t been played yet. The results are clear that the country’s electorate wants to spend without restraint. Anything to get a house I guess.
My question is if the banks hike mortgage and loan rates to cover the extra taxes. I think they will at 1.2 trillion in mortgages and 307 billion in HELOCs.
Maybe .5 or .75%, nothing too drastic, then claim to preserve the value for existing pension funds in dividend income to defend against the obviously dastardly ageist young prime minister who disrespects the elderly. Like the dark haired villain with the greased hair and handle bar moustache in the old silent films hahaha.
I seem to remember in the past a pitchfork and torches seniors revolt on parliament hill regarding some proposed change to their hard earned benefits that actually shut down the change.
Actually, this sounds like fun. Anybody know the CEO’s or board members of the banks?

#240 Sherry on 09.23.21 at 8:04 am

BCWally, .5% to .75% hike in mortgage and loan rates are nothing too drastic by the big Canadian, major banks. Are you serious. Mortgage payments and interest rates, bank fees are already too high. You call that not too drastic. My son-in-law and my daughter just bought a house last week for $975,000 in the GTA and put $100,000 down payment. They now have a $875,000 mortgage that is variable at 1.59%, 5 years term. If their mortgage goes to 2.09% to 2.34%, they will be paying an increase of $400 to $450 a month mortgage payment. They are paying $3,510 a month now but property taxes, insurance is another $600 a month on top of that.

They have 2 cars with each having $350 a month car payments plus $22,000 left in student loans, credit card debt which is $800 a month payment they are making now. They do have great paying jobs, they make $86,000 a year combined net pay. However, after paying all taxes, CPP, EI, deductions, living expenses, rising cost of living they do not have alot of financial cushion.They probably have $10,000 TO $11,000 a year there in financial cushion.

They do have a $35,000 line of credit on the house they can tap anytime at 2.29% currently which is variable too.If these mortgage rates go to 2.85% or higher in a few years, they could not have much wiggle room as the cost of living is rising faster then they ever thought. If they see 3.5% to 4% mortgage rates, they could lose their home. How dare you say that .5% to .75% hike in mortgage rates is justifiable to meet their future tax increase from Trudeau.

The big Canadian banks can afford to pay more taxes and pay lower dividends to their wealthier shareholders. Canadians should be treated better by banks and not pay for their higher taxes. My daughter and son-in-law are trying to make a home for their family and life is already so expensive, taxing.

#241 Jim on 09.23.21 at 10:02 am

Stuart, I heard Trudeau and the Liberals want to raise the CMHC mortgage coverage limit to $1 to $1.25 million for those that have less than 20% downpayment, usually 5% downpayment to be eligible.

Yes, shopping around for GIC’s is a good idea but CDIC deposit insurance needs to be increased due to inflation made $100,000 not worth the same deposit insurance coverage. If he does, they do that, why is CDIC deposit insurance still $100,000 since 2005 was last time raised from $60,000 to $100,000. This was a 67% increase. It is about time to make another similar increase of 67% on existing CDIC limit to $167,000. It has been 16 years of inflation and $100,000 is worth much less now.