TSX hits record high - Thank You Trudeau

[Darts]

House prices surged during Harper's regime. Why did he do nothing about it. There is a Speculation Tax on Non-Resident Properties that is expected to be introduced on Foreign buyers:

Trudeau promises new speculation tax on foreign buyers if re-elected:

https://www.bnnbloomberg.ca/trudeau...tax-on-foreign-buyers-if-re-elected-1.1315217

At least the BC and Ontario Governments have a Non-Residency taxes. Wonder when Dumb DOFO will repeal it!!

I think think only Toronto and Vancouver have high house prices, not the case in other Canadian cities.

The U.S. has high house prices in many cities. The prime examples are San Francisco (apparently, where people poop in the street) and Oakland.
https://www.oaklandhomelessresponse.com/the-problem

BTW: Being next door to the U.S. is no guarantee of economic success, just look at Mexico.

 

[Boober69]

Look at the restrictions on properties globally. Not easy to own one and leave it unoccupied if you are a non-resident. I know about the property I had in the USA and then had to file the USA taxes on the profits when I sold it. That is why Canada is the preferred nation for purchasing and then making the profits on it. A lot of flipping went on and on with non-residents. So the losers were the Canadians that were just beginning to get on the market. After all a roof over everyones head is a basic necessity. You do not care about our Millennials. Do You??

Canada is not very high on the list of countries for foreign-owned property investment. I quick google search will show you that.

Also, the percentages for foreign ownership are not very high to warrant a perceived foreign ownership crisis especially for detached houses. ie just a bit over 3% of all properties in Toronto are foreign owned. All of them are not sitting empty.

https://www150.statcan.gc.ca/n1/pub/11-626-x/11-626-x2017078-eng.htm


Landlords are not responsible for providing affordable housing. They should not be regulated as far as limitations on how much they can charge for rent.

Food is a necessity. I don't see millennials starving in the streets and the government doesn't tell supermarkets what to sell their food for.

 

[bver_hunter]

Canada is not very high on the list of countries for foreign-owned property investment. I quick google search will show you that.

Also, the percentages for foreign ownership are not very high to warrant a perceived foreign ownership crisis especially for detached houses. ie just a bit over 3% of all properties in Toronto are foreign owned. All of them are not sitting empty.

https://www150.statcan.gc.ca/n1/pub/11-626-x/11-626-x2017078-eng.htm


Landlords are not responsible for providing affordable housing. They should not be regulated as far as limitations on how much they can charge for rent.

Food is a necessity. I don't see millennials starving in the streets and the government doesn't tell supermarkets what to sell their food for.

These empty homes are a concern, contrary to your statement above:

Tens of thousands of homes are sitting vacant across Canada: report:

https://www.ctvnews.ca/canada/tens-...sitting-vacant-across-canada-report-1.4621000

So obviously 3% equates to thousands of homes!! Anyway, the discussion is not about food and starvation. It is about a roof over the heads of Canadians!!

 

[WyattEarp]

When house prices go up, it's a sign that the economy is doing well. Demand drives construction and creates jobs. More people working, means more tax revenue coming in.

Why are you so opposed to house prices going up?

First off, if one doesn't own a home or a home big enough to raise a future family, it's inflationary.

Granted what you said is correct, but many times rampant housing inflation can be speculative or a sign of over-regulation in some areas.

 

[WyattEarp]

Which is why many more Canadians move to the US than Americans to Canada, with 10% of the population.

And when is Trudeau going to do something about this................27 years of exile and counting

Stanley Cup Champions
2019: St. Louis Blues, Coach Craig Berube
2018: Washington Capitals, Coach Barry Trotz
2017: Pittsburgh Penguins, Coach Mike Sullivan
2016: Pittsburgh Penguins, Coach Mike Sullivan
2015: Chicago Blackhawks, Coach Joel Quenneville
2014: Los Angeles Kings, Coach Darryl Sutter
2013: Chicago Blackhawks, Coach Joel Quenneville
2012: Los Angeles Kings, Coach Darryl Sutter
2011: Boston Bruins, Coach Claude Julien
2010: Chicago Blackhawks, Coach Joel Quenneville
2009: Pittsburgh Penguins, Coach Dan Bylsma
2008: Detroit Red Wings, Coach Mike Babcock
2007: Anaheim Ducks, Coach Randy Carlyle
2006: Carolina Hurricanes, Coach Peter Laviolette
2004: Tampa Bay Lightning, Coach John Tortorella
2003: New Jersey Devils, Coach Pat Burns
2002: Detroit Red Wings, Coach Scotty Bowman
2001: Colorado Avalanche, Coach Bob Hartley
2000: New Jersey Devils, Coach Larry Robinson
1999: Dallas Stars, Coach Ken Hitchcock
1998: Detroit Red Wings, Coach Scotty Bowman
1997: Detroit Red Wings, Coach Scotty Bowman
1996: Colorado Avalanche, Coach Marc Crawford
1995: New Jersey Devils, Coach Jacques Lemaire
1994: New York Rangers, Coach Mike Keenan
1993: Montreal Canadiens, Coach Jacques Demers

 

[onthebottom]

All I'm saying is that using that phrase, makes it sound like you are looking down your nose at Canada, as if the fact that we are obviously intertwined economically with the U.S., negates the very high quality of life we enjoy. We are a trading partner to the largest economy in the world, but without proper management and policies on our end the advantage we have being next to you could be easily fucked up. That has not happened. Credit must be given. Prosperity via being next to you, is not a given.

I use that phrase because a classic colonial economic pattern is that the colony provides raw materials and parts (think Oil and auto parts) and imports finished goods. Colonies also don’t tend to have their own powerful brands. Both of these fit the US / Canada trading pattern.

 

[onthebottom]

And when is Trudeau going to do something about this................27 years of exile and counting

Stanley Cup Champions
2019: St. Louis Blues, Coach Craig Berube
2018: Washington Capitals, Coach Barry Trotz
2017: Pittsburgh Penguins, Coach Mike Sullivan
2016: Pittsburgh Penguins, Coach Mike Sullivan
2015: Chicago Blackhawks, Coach Joel Quenneville
2014: Los Angeles Kings, Coach Darryl Sutter
2013: Chicago Blackhawks, Coach Joel Quenneville
2012: Los Angeles Kings, Coach Darryl Sutter
2011: Boston Bruins, Coach Claude Julien
2010: Chicago Blackhawks, Coach Joel Quenneville
2009: Pittsburgh Penguins, Coach Dan Bylsma
2008: Detroit Red Wings, Coach Mike Babcock
2007: Anaheim Ducks, Coach Randy Carlyle
2006: Carolina Hurricanes, Coach Peter Laviolette
2004: Tampa Bay Lightning, Coach John Tortorella
2003: New Jersey Devils, Coach Pat Burns
2002: Detroit Red Wings, Coach Scotty Bowman
2001: Colorado Avalanche, Coach Bob Hartley
2000: New Jersey Devils, Coach Larry Robinson
1999: Dallas Stars, Coach Ken Hitchcock
1998: Detroit Red Wings, Coach Scotty Bowman
1997: Detroit Red Wings, Coach Scotty Bowman
1996: Colorado Avalanche, Coach Marc Crawford
1995: New Jersey Devils, Coach Jacques Lemaire
1994: New York Rangers, Coach Mike Keenan
1993: Montreal Canadiens, Coach Jacques Demers

That’s below the belt....

 

[shack]

I use that phrase because a classic colonial economic pattern is that the colony provides raw materials and parts (think Oil and auto parts) and imports finished goods. Colonies also don’t tend to have their own powerful brands. Both of these fit the US / Canada trading pattern.

They are trading partners that have different assets. The U.S. does more trade with Canada than any other country. Our assets are evidently quite desirable.

The 10x difference in population accounts for the differential in magnitude of the economies.

 

[bver_hunter]

And when is Trudeau going to do something about this................27 years of exile and counting

Stanley Cup Champions
2019: St. Louis Blues, Coach Craig Berube
2018: Washington Capitals, Coach Barry Trotz
2017: Pittsburgh Penguins, Coach Mike Sullivan
2016: Pittsburgh Penguins, Coach Mike Sullivan
2015: Chicago Blackhawks, Coach Joel Quenneville
2014: Los Angeles Kings, Coach Darryl Sutter
2013: Chicago Blackhawks, Coach Joel Quenneville
2012: Los Angeles Kings, Coach Darryl Sutter
2011: Boston Bruins, Coach Claude Julien
2010: Chicago Blackhawks, Coach Joel Quenneville
2009: Pittsburgh Penguins, Coach Dan Bylsma
2008: Detroit Red Wings, Coach Mike Babcock
2007: Anaheim Ducks, Coach Randy Carlyle
2006: Carolina Hurricanes, Coach Peter Laviolette
2004: Tampa Bay Lightning, Coach John Tortorella
2003: New Jersey Devils, Coach Pat Burns
2002: Detroit Red Wings, Coach Scotty Bowman
2001: Colorado Avalanche, Coach Bob Hartley
2000: New Jersey Devils, Coach Larry Robinson
1999: Dallas Stars, Coach Ken Hitchcock
1998: Detroit Red Wings, Coach Scotty Bowman
1997: Detroit Red Wings, Coach Scotty Bowman
1996: Colorado Avalanche, Coach Marc Crawford
1995: New Jersey Devils, Coach Jacques Lemaire
1994: New York Rangers, Coach Mike Keenan
1993: Montreal Canadiens, Coach Jacques Demers

What did Harpo do when the majority of them were under his tenure!!

 

[Orion1027]

Bullshit!!

That’s the liberal asshat response I expected.

 

[Boober69]

What did Harpo do when the majority of them were under his tenure!!

He was watching videos of Trudeau in blackface singing Day O!

 

[bver_hunter]

That’s the liberal asshat response I expected.

More BS being spewed out of the nostrils of an alt right nutcase!!

 

[bver_hunter]

He was watching videos of Trudeau in blackface singing Day O!

In other words that's all he did, rather than do his job as a PM. Just as I imagined. Then it means Harper was an incompetent PM. Thanks for confirming!!

 

[Orion1027]

More BS being spewed out of the nostrils of an alt right nutcase!!

An “alt-right nutcase” ? It’s more like you’re an intolerant alt left nutcase who believes that free speech only applies to you and all other opinions are invalid. Tell us;

- what’s the value of everything we send to the US?
- of that what percentage of Canada’s GDP does it account for?
- of all that what percentage does crude oil account for?

Canada’s economy is trade dependent on the US, our domestic market is too small to absorb everything we produce.

 

[LickingGravity]

Neither of these two idiots have anything to do with the economy doing so well.

Agree 100%. All this thread does is show how much of a hypocrite bver actually is.

 

[onthebottom]

They are trading partners that have different assets. The U.S. does more trade with Canada than any other country. Our assets are evidently quite desirable.

The 10x difference in population accounts for the differential in magnitude of the economies.

The supply chain runs across the boarder, you send us car parts, we send you cars. You send us oil we send you gas....

 

[bver_hunter]

Agree 100%. All this thread does is show how much of a hypocrite bver actually is.

What about the right winger hypocrites and their praise for that moron called Trump?? Forgot you are one of the cult followers of his. That is why I see your logic!!

 

[bver_hunter]

An “alt-right nutcase” ? It’s more like you’re an intolerant alt left nutcase who believes that free speech only applies to you and all other opinions are invalid. Tell us;

- what’s the value of everything we send to the US?
- of that what percentage of Canada’s GDP does it account for?
- of all that what percentage does crude oil account for?

Canada’s economy is trade dependent on the US, our domestic market is too small to absorb everything we produce.

So you can go on and on with your "Liberal ass" this and "ass" that and that is normal. There are no "alt Left" crap, though you will desperately try to find such logic. Thank Bannon for his "alt Right" labelling of Trump's cult followers!!

When the USA went into a free fall under Bush, did not Canada have a surplus with a booming economy that was handed over to the Harper regime??

Yes Canada depends on trades with the USA. After Canada is also their second biggest trading partner. Lots of states depend on Canada as their source and destination. So what is your point??

Canada is known as oil dependent economy. But as the oil prices are very low and there is a glut of oil, Canada's economy has been impacted. But that is why you should give credit to the Trudeau Gov. for their contribution to steady the ship!!

 

[Orion1027]

So you can go on and on with your "Liberal ass" this and "ass" that and that is normal. There are no "alt Left" crap, though you will desperately try to find such logic. Thank Bannon for his "alt Right" labelling of Trump's cult followers!!

When the USA went into a free fall under Bush, did not Canada have a surplus with a booming economy that was handed over to the Harper regime??

Yes Canada depends on trades with the USA. After Canada is also their second biggest trading partner. Lots of states depend on Canada as their source and destination. So what is your point??

Canada is known as oil dependent economy. But as the oil prices are very low and there is a glut of oil, Canada's economy has been impacted. But that is why you should give credit to the Trudeau Gov. for their contribution to steady the ship!!

You’re the one who started with the “alt-right” comment. I find Trump and what he stands for repulsive so don’t lump me in with that shit. As far a as Trudeau goes, he’s done little to nothing to help the economy expand.

 

[bver_hunter]

You’re the one who started with the “alt-right” comment. I find Trump and what he stands for repulsive so don’t lump me in with that shit. As far a as Trudeau goes, he’s done little to nothing to help the economy expand.

That was in repose to your "liberal asshat" comment. Look at your post#50, and then my response on Post # 52. So you are the one who started this derogatory slander!!

Anyway, provide evidence that Trudeau has done nothing to help the economy. Otherwise, why will the Canadians give him another term in office??

Let me show you something that is factual, and the right wing media will never let you see:

At the same time, the similar relationship between stocks and commodities has all but vanished as technology becomes an increasing focus for investors.

The changes coincide with the growing perception of Canada as a haven, benefiting from President Donald Trump's xenophobic restrictions on refugees and other immigrants. The nation of 37 million recorded its biggest immigration wave in more than a century last year, admitting 321,065 people, the most since 1913 (401,000) and the fourth largest number since 1852, when such data were first compiled, according to Statistics Canada.

Unlike Trump, Trudeau welcomes foreign talent, and his government's Global Skills Strategy attracted about 24,000 technology workers and other skilled employees in the two years since it started, according to government figures released in June. Companies are saying that “the two-week processing has really transformed how they make business decisions,” Immigration Minister Ahmed Hussen told Bloomberg News. “They know that in Canada they can use this program to bring in talent really fast.''

All of which helps make the economy stronger and technology the fastest-growing Canadian industry. While Canada's GDP has grown 8% since 2015, its semiconductor business has expanded 11%; electronic products, 27%; computer systems 23%, and information technology, 36%, according to data compiled by Bloomberg. During the decade preceding 2015, when Canadian GDP grew 16.3%, the semiconductor business declined 26%; electronic products fell 13%; computer systems increased 48%, and information technology declined 38%.

Among the 146 technology companies in the MSCI World Equity Index, the five based in Canada climbed to No. 1 among the G-7 countries in the past two years, with a total return of 43% (income plus appreciation) during the past 12 months, according to data compiled by Bloomberg. The result is all the more surprising because the average expense for research and development as a percentage of sales for these Canadian companies is 5.4%, almost half the 11.5% average for the Group of Seven nations and well below the R&D expenditures of 14% for Germany, 12% for the U.S. and 10% for France.

Technology is driving the job market, too. While prices for oil, gas and coal averaged well below the decade's highs -- providing little incentive for expansion -- Canada's unemployment rate declined 1.8 percentage points in the 40 months since 2016, faster than the 1.3 percentage point pace for the U.S. over the same period and the steepest drop since May 2001, according to data compiled by Bloomberg.

https://www.bloomberg.com/opinion/articles/2019-10-17/trudeau-has-canada-s-economy-humming

But let us now see you dispute those Trump supporters who constantly credit Trump for the manner in which the US stocks have risen!!