CDN-Economy & Related Factors

Dixie Cup

House Member
Sep 16, 2006
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Wow , just wow .


You do realize that NO ONE is "perfect" including both JT and Trump. Trump is at least trying & has many successes despite all the B.S. he has been going through. It's incredible what he has been able to accomplish without the support of the "swamp" (which btw includes Republicans as well as Democrats).

What exactly has JT done that has "improved" life for Canadians as a whole, either b4 covid or since covid? Oh ya, our covid numbers aren't as high as the U.S. but of course there aren't 360+ million of us either.

We should be grateful that we live in either country foibles and all.
 

pgs

Hall of Fame Member
Nov 29, 2008
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You do realize that NO ONE is "perfect" including both JT and Trump. Trump is at least trying & has many successes despite all the B.S. he has been going through. It's incredible what he has been able to accomplish without the support of the "swamp" (which btw includes Republicans as well as Democrats).

What exactly has JT done that has "improved" life for Canadians as a whole, either b4 covid or since covid? Oh ya, our covid numbers aren't as high as the U.S. but of course there aren't 360+ million of us either.

We should be grateful that we live in either country foibles and all.
Too true .
 

Hoid

Hall of Fame Member
Oct 15, 2017
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Canadian job numbers for Sept beat estimates with 378,000 new jobs, up from August's 240,000.

US jobs are going the other way adding just 668,000 the smallest number since May.

While Canada looks to recover all jobs lost to covid before Christmas there is every indication that the US is looking at a multi year recovery - which is a dichotomy since Canada relies heavily on US trade and a healthy US economy.
 
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bob the dog

Electoral Member
Aug 14, 2020
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Sorry if it was mentioned in another thread. Still new to the forum and find the many threads tricky to keep up with.

Almost really good news again with the story of the 102 carat, pretty well perfect, diamond that came out of the Victor diamond mine in northern Ontario. It was sold very recently for over $15 million US and is the size of an egg. Ranks with the top diamonds in the world. Go Canada Go.

Sad part of course is owned by DeBeers and not Canadian. It's what we do. Still an awesome diamond.

I worked at the site in 2007 during construction and remember that the water from the well was so minerally charged that the electronic water meter would not work properly. When we switched to suface water it was all good.
 

Hoid

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Oct 15, 2017
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Westjet will cancel most of its service to Atlantic Canada on November 1. It only makes sense since the Maritimes are in a bubble and nobody is traveling in any case. The whole concept of air travel will have to be looked at going forward especially as regards government bail out money.

The future may well be something along the lines of a much more government-controlled Air Canada providing regional services.
 

bob the dog

Electoral Member
Aug 14, 2020
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Canadian job numbers for Sept beat estimates with 378,000 new jobs, up from August's 240,000.
US jobs are going the other way adding just 668,000 the smallest number since May.
While Canada looks to recover all jobs lost to covid before Christmas there is every indication that the US is looking at a multi year recovery - which is a dichotomy since Canada relies heavily on US trade and a healthy US economy.

U.S. banks hitting it out of the park with huge beats. Morgan Stanley posts $2.7 billion quarterly profit. These are the guys that make $500 million annually.

No tangible assets involved. The world is a contrary place.
 

bob the dog

Electoral Member
Aug 14, 2020
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Canada’s national debt is currently at 83.81% of its GDP. Canada’s national debt currently sits at about $1.2 trillion CAD ($925 billion USD). Canada experienced a gradual decrease in debt after the 1990s until 2010 when the debt began increasing again.

We've all been told the deficit doesn't really matter and that it is just a number. Curious what the daily interest amounts to and that is a relevant number.

What number is after trillion? Might be the first time I have ever thought about it. Time to slow it down and now this excuse. Sad
 

Hoid

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Oct 15, 2017
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On a serious note Canada real estate is said to be up 17% during the pandemic. It is of course a spurious number in that there is no such thing as Canadian real estate. There is no accurate way to talk about real estate other than locally. That said it is clear that real estate is generally way up in most places in Canada in what the CBC insists on calling a defiance of expectations. Which is crazy. I knew Canadian real estate was going to go up. If I knew that there are plenty of other people who would also have known it. If the economic collapse of 2008 taught us anything it taught us the real estate is the safe harbor investment for most Canadians. It only stands to reason. Further, with Canadians suddenly restricted from traveling where does all that travel money go? It goes to buying nice houses and cottages where people can spend their time.
 

bob the dog

Electoral Member
Aug 14, 2020
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Talked about the CPPIB in another thread but it wasn't related to the thread so carrying on here with a c and p from todays news.

Canada’s national pension fund is looking at deals in the travel industry, confident that it will enjoy a strong recovery when the COVID-19 pandemic eases, says its chief executive.

“Hotels aren’t over, cruises aren’t over, flying’s not over -- these things are going to come back,” Mark Machin, CEO of Canada Pension Plan Investment Board, said Friday in an interview with Bloomberg. “So I’m supportive of teams if they find decent opportunities in those areas.”

The country’s largest pension fund, which has $434 billion of assets under management, hasn’t made any investments in the sector since the pandemic hit but is “keenly looking at some things,” Machin said. More than 20 per cent of the fund is in private equity.

Its private holdings include ownership stakes in Spain’s Hotelbeds Group SL and Britain’s Merlin Entertainments Ltd., which runs Legoland theme parks and other attractions in 25 countries. It’s also an investor in Las Vegas-based Diamond Resorts International Inc., which it acquired as part of Apollo Global Management Inc.’s takeover of Diamond in 2016.

“Valuations are quite cheap. We’ve never bought an airline so I’m not suggesting we’d invest in airlines at this point,” Machin said. But other firms are -- Bain Capital LP rescued Virgin Australia Holdings Ltd. in a deal with creditors to restructure the business, which fell into administration in April.

That doesn’t mean there aren’t other opportunities. Machin said it’s unlikely that travel and hospitality-related companies will see their business recover to pre-pandemic levels soon, even if pharmaceutical companies are successful in producing a COVID-19 vaccine next year. It will take a while for public confidence to grow, he said -- but it will recover.

“I personally am a believer in us all being social beings,” Machin said. “I don’t think we’re all going to be sitting isolated for the rest of our lives.”

This guy is an idiot to be speculating with the CPP on hotels and casinos. He is probably making $500,000 or more. Russian 10 yr bonds are available at 6% compound interest and Canada is looking at the airlines with 80 %of planes grounded worldwide but won't invest in Bombardier that is trading at a .06 price to sales multiple compared to 40 for an equivalent company in Dassault that has the support of the French government. What is he going to say when the plan goes south like the the rest of Canada's money. Another deserving golden pension recipient. No one will say anything.

And why did they ditch the Canada Savings Bond program. Another favour to the banks? And it's only Monday.
 

harrylee

Electoral Member
Mar 22, 2019
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Ontario
Yes, Covid doesn't help matters.....But if Trudeau hadn't been pissing away money from day he got into office, we would be able to handle it better.

The budget needs to balance itself soon.
 

Dixie Cup

House Member
Sep 16, 2006
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A fresh wave of layoffs is pushing Albertans to the edge — and in danger of losing their homes
Geoffrey Morgan 42 mins ago
I really don't know how Alberta/Sask./NFLD can afford the Quebec/Ontario bill


We can't but the Laurentian elite don't care - they want what they're entitled to don't 'cha know?

They're part of the great "Reset" and Trudeau's has already started the process. Apparently, all countries must participate including China, the U.S and every country in the world. - new type of "capitalism" except that it's a Marxist or communist idea. It's the complete remake of the worlds economies which takes away private ownership of property, businesses run with government input (i.e. telling you what you can make, sell or what they want you to produce) and the green new deal - get rid of oil & gas, and where climate change is the new religion. We're in a world of hurt if these plans are introduced. The Time Magazine has dedicated a whole magazine about this "reset" and it's scary as hell.

Trump is the only one standing in the way of this Globalist plan so he needs to be re-elected & we need to get rid of Trudeau because he's implementing it as we speak.
 

bob the dog

Electoral Member
Aug 14, 2020
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42% of Canadians worried that they cannot meet debt obligations. Not sure how leaders can have pride in that fact and tell themselves they do a good job.
 

pgs

Hall of Fame Member
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42% of Canadians worried that they cannot meet debt obligations. Not sure how leaders can have pride in that fact and tell themselves they do a good job.
They get their bi-monthly pay check whether they do a good job or no job at all .
 

bob the dog

Electoral Member
Aug 14, 2020
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CPPIB holding Merlin Group who own the Madame Tussauds museum and Legoland Theme Parks among others is down 60 % on the year. Next earnings release Nov 13 might be interesting.

Hoping Cirque du Soleil wasn't another key holding. Bottom line, every time; is we have kids running the show.