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.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).
![]()
TSX posts longest losing streak since February last year
Canada's main stock index fell for a sixth day on Thursday as investors eyed a transition to a slower growth phase of the economic cycle, reducing exposure to commodity-linked sectors such as energy. The Toronto Stock Exchange's S&P/TSX composite index ended down 86.75 points, or 0.4%, at...ca.yahoo.com
Meanwhile banks are booking record profits. Eventually people will figure it out.
Yeah, it's a casino. Duh.![]()
TSX posts longest losing streak since February last year
Canada's main stock index fell for a sixth day on Thursday as investors eyed a transition to a slower growth phase of the economic cycle, reducing exposure to commodity-linked sectors such as energy. The Toronto Stock Exchange's S&P/TSX composite index ended down 86.75 points, or 0.4%, at...ca.yahoo.com
Meanwhile banks are booking record profits. Eventually people will figure it out.
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.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.
![]()
Nearly half of Ontarians can't cover living expenses without more debt: Poll
A new poll shows nearly half or 46% of Ontarians doubt they can cover their living expenses without going further into debt.torontosun.com
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.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.
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?200,000 Ontario provincial employees earned in excess of $100,000 in 2020. Not everyone is hurting.
assigned to work from homeAnd 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?![]()
Buy bank stocks.![]()
TSX posts longest losing streak since February last year
Canada's main stock index fell for a sixth day on Thursday as investors eyed a transition to a slower growth phase of the economic cycle, reducing exposure to commodity-linked sectors such as energy. The Toronto Stock Exchange's S&P/TSX composite index ended down 86.75 points, or 0.4%, at...ca.yahoo.com
Meanwhile banks are booking record profits. Eventually people will figure it out.
And still the stupid bastards will vote Liberal or dipper.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.
![]()
Nearly half of Ontarians can't cover living expenses without more debt: Poll
A new poll shows nearly half or 46% of Ontarians doubt they can cover their living expenses without going further into debt.torontosun.com
Must be the 400,000 that left the service industry.And still the stupid bastards will vote Liberal or dipper.