CDN-Economy & Related Factors
- Thread starter Ocean Breeze
- Start date
And how is there any comparison between the two ? And what point exactly are you trying to make ?
Apparently in a weak moment I made a smart assed comment that as far as I am concerned all of Ontario can get Covid and die . Of course some jumped aall over that as if I was serious.
Macklem live in CBC now saying some interesting things.
After he referred to rate hikes as being " a long, long way off", they have been badgering him about how he will tell its time to rise. Of course its tied to quantitative easing which I believe will have to end for a number of quarters prior to trying to jack the rates up again.
They didn't wait after 2008 but raised even before the inflation numbers were pressing.
It is taking them some time to figure out how to step in and take over a ruined economy and how to hand it back over when the crisis ends.
It isn't an easy undertaking.
After he referred to rate hikes as being " a long, long way off", they have been badgering him about how he will tell its time to rise. Of course its tied to quantitative easing which I believe will have to end for a number of quarters prior to trying to jack the rates up again.
They didn't wait after 2008 but raised even before the inflation numbers were pressing.
It is taking them some time to figure out how to step in and take over a ruined economy and how to hand it back over when the crisis ends.
It isn't an easy undertaking.
We had the strongest economy in the world at that time, easy decision for rate hike, now we have one of the weakest, not such an easy decision it may hurt the economy more than stemming off inflation.
Canadian home prices up 6.5% year over year in June.
Average price excluding Toronto/Vancouver is $432K
It'll be in late Q3 or Q4 when the shelter from the mortgage payments is done.... Expect any movement then
With the extension of the Trudeau-bucks into next year, I would say the drop will likely be more of a slow-burn, rather than a sudden implosion. That is...providing Trudeau doesn't win his majority government this fall and implement his coveted basic living wage to replace the CERB. If that happens, it will likely defer the destruction of our economy for a couple more years, at which point the effect will be exponentially more devastating. I also think the election results south of the border, more potential wu-flu lockdowns, and a chill on US-China trade will have a significant impact on inflation here.
Federal government to provide provinces and territories with $19B for 'safe restart' of economy
Money to fund COVID-19 testing, contact tracing, PPE, childcare spaces and municipalities
https://www.cbc.ca/news/politics/safe-restart-federal-provinces-1.5652317
That's like 4 pipelines!
Money to fund COVID-19 testing, contact tracing, PPE, childcare spaces and municipalities
https://www.cbc.ca/news/politics/safe-restart-federal-provinces-1.5652317
That's like 4 pipelines!
More like 4 colossal wastes of taxpayer $$$$. Too bad turdOWE got rid of all the PPE that was inventoried for just this kind of disaster. Won't even create any jobs, while 4 more pipelines would create thousands of real jobs and billions in revenue to pay off turdOWE's legacy.
Throwing money away will not save the economy. Creating real jobs will. Your grandkids will still be paying for turdOWE's follies.
Of course if by some slight of hand turdOWE wins the next election Canada will be no more as one country. It will be at least two, more probably four nations.