CDN-Economy & Related Factors

petros

The Central Scrutinizer
Nov 21, 2008
98,237
4,293
113
Moccasin Flats
As previously mentioned CPP and the Feds are arms length, have no control and can't touch the money.

CPP fund is one of the best managed funds on earth and you van thank Harper for making it that way.
 
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bob the dog

Electoral Member
Aug 14, 2020
885
694
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Looks to me like CPP is operating as a private corporation so we get to know what they want to tell us. Parent organization listed as Ontario Teachers.

Same as Nav Canada and the Canadian Olympic Association.

CPP Investment Board​

Canadian Crown Corporation
CPP Investment Board
The Canada Pension Plan Investment Board, operating as CPP Investments, is a Canadian Crown corporation established by way of the 1997 Canada Pension Plan Investment Board Act to oversee and invest the funds contributed to and held by the Canada Pension Plan.
https://www.cppinvestments.com/

Not arguing, just don't know.
 

taxslave

Hall of Fame Member
Nov 25, 2008
34,007
2,459
113
Vancouver Island
What I meant was that the teachers were originally employed by the school system which is a big expense to taxpayers to the tune of $25 billion annually in Ontario alone. So without the employment there is no Teachers fund to invest.

Beyond me where the CPPIB has any money to invest given the state of Canada's finances. I also question whether the money raised under certain programs is only used by those programs. I seem to recall a general revenue slush fund from years ago that gobbled unused dollars (as if there are any of those left).
CPP does not go into general revenue. It goes right to the pension plan where Liberal governments no longer have access.Pete knows the story better than I do but CPP has been doing better than most private plans in terms of investment.
 

bob the dog

Electoral Member
Aug 14, 2020
885
694
93

Meanwhile banks are booking record profits. Eventually people will figure it out.
 

taxme

Council Member
Feb 11, 2020
1,206
466
83

Meanwhile banks are booking record profits. Eventually people will figure it out.

The smart intelligent ones will figure it out. It is the majority of stupid people in Canada out there that will never be able to figure anything out. Those stupid people will only allow their politicians and the media to do the talking and thinking for them. Sad but so true. Those are the same stupid people that will no doubt be voting for Fidel Trudeau in this election. While the banksters and our lying politicians make plenty of money off we the sheeple, the sheeple go broke. A greta deal for us, eh? (n)
 

Tecumsehsbones

Hall of Fame Member
Mar 18, 2013
45,168
484
83
Washington DC

Meanwhile banks are booking record profits. Eventually people will figure it out.
Yeah, it's a casino. Duh.
 
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spaminator

Hall of Fame Member
Oct 26, 2009
28,957
1,147
113
Nearly half of Ontarians can't cover living expenses without more debt: Poll
Author of the article:Jane Stevenson
Publishing date:Aug 19, 2021 • 11 hours ago • 2 minute read • Join the conversation
A new poll shows nearly half or 46% of Ontarians -- the highest number since December 2019 and up six points since March 2021 -- doubt they can cover their living expenses the rest of the year without going further into debt.
A new poll shows nearly half or 46% of Ontarians -- the highest number since December 2019 and up six points since March 2021 -- doubt they can cover their living expenses the rest of the year without going further into debt. PHOTO BY ISTOCK /GETTY IMAGES
Article content
A new poll shows nearly half or 46% of Ontarians — the highest number since December 2019 and up six points since March 2021 — doubt they can cover their living expenses the rest of the year without going further into debt.

Advertisement
STORY CONTINUES BELOW

Article content
The just-released MNP Consumer Debt Index, conducted by Ipsos on behalf of MNP LTD (a division of accounting firm MNP LLP which is the largest insolvency practice in Canada), also shows 33% say the COVID-19 pandemic worsened their debt.


Another 38% say it created a larger debt burden for either themselves or their family.

Additionally, the poll says 31% of Ontario homeowners report being house poor and 40% say they’re insolvent, the latter which is the highest level since 2017 and up eight points since March.

The poll shows approximately two million Ontario homeowners are susceptible to either an interest rate increase or job change with 18% say they regret the amount of debt they took on to buy their home.

Another 45% are concerned they will be in financial trouble if interest rates go up and 36% say rising interest rates could drive them towards bankruptcy.

Advertisement
STORY CONTINUES BELOW

Article content
Ontarians are also the most likely to say they’re unable to pay their monthly bills compared to those in other provinces with 51% (down four points since March), indicating they’re more concerned about their ability to repay debts than they used to be.

Despite that, 34% say they plan to spend more than usual on travel, dining, and entertainment.

“Many appear to be returning to shopping malls, restaurants and airplanes to celebrate the pandemic wind down,” said MNP LTD spokesperson Caryl Newbery-Mitchell in a statement.

“Others will try to cope with new debts they accumulated during the pandemic. Even as Ontarians regain employment, the financial damage may linger for years.”

Still, the survey also found another 49% of Ontarians felt their debt situation is better now than it was before the pandemic started and 41% are more relaxed about carrying debt than they usually are.


Another 67% said they reduced their spending during the pandemic, but how much of this was choice or necessity isn’t clear.

The MNP Consumer Debt Index was compiled by Ipsos between June 14-17, 2021 with 2,002 Canadians aged 18 years and older interviewed and the poll is accurate to within ±2.5 percentage points, 19 times out of 20.
 

Dixie Cup

House Member
Sep 16, 2006
3,525
1,176
113
Edmonton
Nearly half of Ontarians can't cover living expenses without more debt: Poll
Author of the article:Jane Stevenson
Publishing date:Aug 19, 2021 • 11 hours ago • 2 minute read • Join the conversation
A new poll shows nearly half or 46% of Ontarians -- the highest number since December 2019 and up six points since March 2021 -- doubt they can cover their living expenses the rest of the year without going further into debt.
A new poll shows nearly half or 46% of Ontarians -- the highest number since December 2019 and up six points since March 2021 -- doubt they can cover their living expenses the rest of the year without going further into debt. PHOTO BY ISTOCK /GETTY IMAGES
Article content
A new poll shows nearly half or 46% of Ontarians — the highest number since December 2019 and up six points since March 2021 — doubt they can cover their living expenses the rest of the year without going further into debt.

Advertisement
STORY CONTINUES BELOW

Article content
The just-released MNP Consumer Debt Index, conducted by Ipsos on behalf of MNP LTD (a division of accounting firm MNP LLP which is the largest insolvency practice in Canada), also shows 33% say the COVID-19 pandemic worsened their debt.


Another 38% say it created a larger debt burden for either themselves or their family.

Additionally, the poll says 31% of Ontario homeowners report being house poor and 40% say they’re insolvent, the latter which is the highest level since 2017 and up eight points since March.

The poll shows approximately two million Ontario homeowners are susceptible to either an interest rate increase or job change with 18% say they regret the amount of debt they took on to buy their home.

Another 45% are concerned they will be in financial trouble if interest rates go up and 36% say rising interest rates could drive them towards bankruptcy.

Advertisement
STORY CONTINUES BELOW

Article content
Ontarians are also the most likely to say they’re unable to pay their monthly bills compared to those in other provinces with 51% (down four points since March), indicating they’re more concerned about their ability to repay debts than they used to be.

Despite that, 34% say they plan to spend more than usual on travel, dining, and entertainment.

“Many appear to be returning to shopping malls, restaurants and airplanes to celebrate the pandemic wind down,” said MNP LTD spokesperson Caryl Newbery-Mitchell in a statement.

“Others will try to cope with new debts they accumulated during the pandemic. Even as Ontarians regain employment, the financial damage may linger for years.”

Still, the survey also found another 49% of Ontarians felt their debt situation is better now than it was before the pandemic started and 41% are more relaxed about carrying debt than they usually are.


Another 67% said they reduced their spending during the pandemic, but how much of this was choice or necessity isn’t clear.

The MNP Consumer Debt Index was compiled by Ipsos between June 14-17, 2021 with 2,002 Canadians aged 18 years and older interviewed and the poll is accurate to within ±2.5 percentage points, 19 times out of 20.
I'm wondering if their energy bills went down by, oh say 75% if they'd be better off? I can't believe that something couldn't have been done by the government to reverse what the Liberals did regarding their "green energy". I realize that it's likely complicated, but surely there were some minds out there that could figure out how to get out of those totally grandious contracts that benefitted only a few and penalized the majority. Maybe I'm just being naive.
 
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taxme

Council Member
Feb 11, 2020
1,206
466
83
I'm wondering if their energy bills went down by, oh say 75% if they'd be better off? I can't believe that something couldn't have been done by the government to reverse what the Liberals did regarding their "green energy". I realize that it's likely complicated, but surely there were some minds out there that could figure out how to get out of those totally grandious contracts that benefitted only a few and penalized the majority. Maybe I'm just being naive.
I am beginning to think that 95% of Canadians really do not give all that much of a crap about what is happening in Canada today anymore. That is really bad news indeed. We know that it is the leftist liberals, the NDP communists,, the pinko conservatives and the let's all go back to the bush enviro"mental"ist Greenies are the main reason why Canada is in such a bad state of affairs that it finds itself into today. Those mentioned above all believe in big government, high and more taxes and less freedom.

We have a chance to get rid of those mentioned above and get rid of big government, high and more taxes, more regulations and regain our lost freedoms by voting for a real and true conservative party like The People's Party of Canada and Maxine Bernier. To vote for any of the other political Canadian party is to vote to keep the same old bull communist nonsense chit going. We have a chance to change things for the better with voting in the PPC party. It's your call to do the right thing and vote for the PPC in this election. To do otherwise has to be seen as bloody stupid. Sadly, there will be those many stupid people out there that will be wasting their votes on those mentioned above and they will be the ones that keep this crooked and lying system going. Just saying. (y)
 

taxme

Council Member
Feb 11, 2020
1,206
466
83
200,000 Ontario provincial employees earned in excess of $100,000 in 2020. Not everyone is hurting.
And I will bet that not one of them were laid off during this covid plandemic. Probably the government even hired more during this covid plandemic. Hey, we never know, eh? ;)
 

taxslave

Hall of Fame Member
Nov 25, 2008
34,007
2,459
113
Vancouver Island

Meanwhile banks are booking record profits. Eventually people will figure it out.
Buy bank stocks.
 

taxslave

Hall of Fame Member
Nov 25, 2008
34,007
2,459
113
Vancouver Island
Nearly half of Ontarians can't cover living expenses without more debt: Poll
Author of the article:Jane Stevenson
Publishing date:Aug 19, 2021 • 11 hours ago • 2 minute read • Join the conversation
A new poll shows nearly half or 46% of Ontarians -- the highest number since December 2019 and up six points since March 2021 -- doubt they can cover their living expenses the rest of the year without going further into debt.
A new poll shows nearly half or 46% of Ontarians -- the highest number since December 2019 and up six points since March 2021 -- doubt they can cover their living expenses the rest of the year without going further into debt. PHOTO BY ISTOCK /GETTY IMAGES
Article content
A new poll shows nearly half or 46% of Ontarians — the highest number since December 2019 and up six points since March 2021 — doubt they can cover their living expenses the rest of the year without going further into debt.

Advertisement
STORY CONTINUES BELOW

Article content
The just-released MNP Consumer Debt Index, conducted by Ipsos on behalf of MNP LTD (a division of accounting firm MNP LLP which is the largest insolvency practice in Canada), also shows 33% say the COVID-19 pandemic worsened their debt.


Another 38% say it created a larger debt burden for either themselves or their family.

Additionally, the poll says 31% of Ontario homeowners report being house poor and 40% say they’re insolvent, the latter which is the highest level since 2017 and up eight points since March.

The poll shows approximately two million Ontario homeowners are susceptible to either an interest rate increase or job change with 18% say they regret the amount of debt they took on to buy their home.

Another 45% are concerned they will be in financial trouble if interest rates go up and 36% say rising interest rates could drive them towards bankruptcy.

Advertisement
STORY CONTINUES BELOW

Article content
Ontarians are also the most likely to say they’re unable to pay their monthly bills compared to those in other provinces with 51% (down four points since March), indicating they’re more concerned about their ability to repay debts than they used to be.

Despite that, 34% say they plan to spend more than usual on travel, dining, and entertainment.

“Many appear to be returning to shopping malls, restaurants and airplanes to celebrate the pandemic wind down,” said MNP LTD spokesperson Caryl Newbery-Mitchell in a statement.

“Others will try to cope with new debts they accumulated during the pandemic. Even as Ontarians regain employment, the financial damage may linger for years.”

Still, the survey also found another 49% of Ontarians felt their debt situation is better now than it was before the pandemic started and 41% are more relaxed about carrying debt than they usually are.


Another 67% said they reduced their spending during the pandemic, but how much of this was choice or necessity isn’t clear.

The MNP Consumer Debt Index was compiled by Ipsos between June 14-17, 2021 with 2,002 Canadians aged 18 years and older interviewed and the poll is accurate to within ±2.5 percentage points, 19 times out of 20.
And still the stupid bastards will vote Liberal or dipper.
 
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bob the dog

Electoral Member
Aug 14, 2020
885
694
93
RBC announcing $4.3 billion profit for Q3. They all beat expectations.

In the past Canadian banking was a source of pride but now we need to be protected from their greed.

To make that money RBC nets $70 million per day and they exist within a sheltered eco system. Everything is in their favour. Tell me they are not shorting the very shares they sell you in their mutual funds.