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Old 01-06-2022, 09:02 AM   #12461
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Originally Posted by BoLevi View Post
They are directly comparable. Having limited or no access to a nominally "free" product, which you are not permitted to get (or produce) elsewhere.

Breadlines for healthcare.
Holy Crow. Are... are... are we not allowed to produce our own bread?!?!?!

Don't tell all those people that made sourdough starters during the pandemic.
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Old 01-06-2022, 11:24 AM   #12462
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I had to go back and see what the hell any of this is about.

I would interject that in the case of something like the healthcare system, this is not a 'market' which implies buyers and sellers. Some things should simply not be thought of as a commodity.

For an example of this idea run amok, just look at the American system of justice and incarceration. There are companies seeing economic benefit from high inmate levels, packing them in like sardines, and treating them poorly. It's the creation of a market where there should never be one.

Quick list of things that should be run as a government and not a business : healthcare, crime and punishment, poverty, immigration, foreign interest and education. I know I'm missing a lot. I hate government run as a business, it's very backward and sets goals that are not beneficial to the people.
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Old 01-06-2022, 11:47 AM   #12463
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I have never seen the word breadline more in my entire life than the last 5 minutes.

...breadline
Congratulations, you're now a libertarian. Or a commie. Whichever you prefer.
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Old 01-13-2022, 06:14 PM   #12464
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Lots of confusion on the Trucker mandate. Originally all truckers going over the US border were supposed to be vaccinated. Then yesterday the government came out and changed that and waived quarantine. Then the government reversed that again to the original stance of all drivers must be vaccinated.



https://www.cbc.ca/news/politics/can...ium%3Dsharebar


Quote:
All truck drivers crossing the border must be fully vaccinated as of Saturday, regardless of whether they are Canadian citizens or foreign nationals, the federal government said Thursday.
Confusion over the controversial policy has been widespread since the federal government first announced in mid-November that by Jan. 15, all foreign nationals working as truckers would have to be fully vaccinated to enter Canada.
The same announcement said unvaccinated Canadian truckers would be allowed in, but would be subject to quarantine and testing requirements.
On Wednesday, a spokesperson for the Canada Border Services Agency said the federal government was backing down from that commitment and would allow Canadian truckers to enter the country without having to quarantine even if they were unvaccinated or had received only one dose.
Today, the federal government walked back that statement, saying that Wednesday's statement was "provided in error" and that the regulations outlined in November will stand.
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Old 01-19-2022, 11:04 PM   #12465
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Remember when Canada couldn't properly fund ice breakers for the arctic, and the one's that we will eventually get are for light ice? Remember when Canada's oil and gas were landlocked? Remember when not enough infrastructure was in place to maintain a livable population in the north? Remember when Trudeau promised to phase out carbon production faster than any other country on Earth, unsolicited, believing that the world would follow his example?

Well, here is what the Russians are doing.

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Old 01-25-2022, 06:21 PM   #12466
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Just a heads up, there is another CRA scam going around where they're texting people now.

CRA does not text Taxpayers. Do not give them any information.
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Old 01-25-2022, 10:37 PM   #12467
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The history of socialism shows that the food would be cheap, but the shelves would be empty.
Sounds a lot better than the expensive food and empty shelves we're currently experiencing.
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Old 01-25-2022, 11:26 PM   #12468
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Originally Posted by BoLevi View Post
The history of socialism shows that the food would be cheap, but the shelves would be empty.
But all the Vodka and Cigarettes you want tho!!
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Old 01-26-2022, 01:01 PM   #12469
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O’Toole deserves a second chance — here's what he needs to do

https://www.msn.com/en-ca/news/canad...dgntp#comments
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Old 01-26-2022, 01:37 PM   #12470
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Originally Posted by carmenshoes View Post
O’Toole deserves a second chance — here's what he needs to do

https://www.msn.com/en-ca/news/canad...dgntp#comments
I like how the author points out the failure of O’Toole in pulling the wool over the eyes of Union supporters and rather than suggest he abandons his strategy of empty platitudes in favour of making meaningful attempts to show them that the CPC are not hostile towards working people in an effort to get their votes he comes up with this gem instead:

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Extend an olive branch to Maxime Bernier and the People’s Party of Canada. Attempts at unity carry risks but the damage from division is unrelenting.
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Old 01-26-2022, 01:41 PM   #12471
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The author worked closely with Harper, so it's no surprise his well of ideas is about what you would expect.
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Old 01-26-2022, 02:11 PM   #12472
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Remember when inflation was a hot topic during elections and a few were actively arguing that interest rates were transitory and that we need to talk about CPI inflation?

https://www.bankofcanada.ca/2022/01/...se-2022-01-26/

Bank of Canada now has high inflation as a runaway train policy with plan to slow it...but not today because...reasons. Oh and inflation will slow to 3% in the future because....reasons.

Quote:
CPI inflation remains well above the target range and core measures of inflation have edged up since October. Persistent supply constraints are feeding through to a broader range of goods prices and, combined with higher food and energy prices, are expected to keep CPI inflation close to 5% in the first half of 2022. As supply shortages diminish, inflation is expected to decline reasonably quickly to about 3% by the end of this year and then gradually ease towards the target over the projection period. Near-term inflation expectations have moved up, but longer-run expectations remain anchored on the 2% target. The Bank will use its monetary policy tools to ensure that higher near-term inflation expectations do not become embedded in ongoing inflation.

While COVID-19 continues to affect economic activity unevenly across sectors, the Governing Council judges that overall slack in the economy is absorbed, thus satisfying the condition outlined in the Bank’s forward guidance on its policy interest rate. The Governing Council therefore decided to end its extraordinary commitment to hold its policy rate at the effective lower bound. Looking ahead, the Governing Council expects interest rates will need to increase, with the timing and pace of those increases guided by the Bank’s commitment to achieving the 2% inflation target.
Note the complete removal of the word transitory from the BoC's vocabulary in recent months, silently dodging that all their predictions have been incredibly wrong in the past year and our government has been budgeting on their poor guidance.

Here's their previous guidance

May 2021

Quote:
Over the next few months, inflation is expected to rise temporarily to around the top of the 1-3 percent inflation-control range. This is largely the result of base-year effects—year-over-year CPI inflation is higher because prices of some goods and services fell sharply at the start of the pandemic. In addition, the increase in oil prices since December has driven gasoline prices above their pre-pandemic levels. The Bank expects CPI inflation to ease back toward 2 percent over the second half of 2021 as these base-year effects diminish, and inflation is expected to ease further because of the ongoing drag from excess capacity. As slack is absorbed, inflation should return to 2 per cent on a sustained basis some time in the second half of 2022.
September 2021

Quote:
CPI inflation remains above 3 percent as expected, boosted by base-year effects, gasoline prices, and pandemic-related supply bottlenecks. These factors pushing up inflation are expected to be transitory, but their persistence and magnitude are uncertain and will be monitored closely. Wage increases have been moderate to date, and medium-term inflation expectations remain well-anchored. Core measures of inflation have risen, but by less than the CPI.
I guess we should just continue to piss in the wind and hope we don't get splashed? Current inflation woes are a global issue, but spending, policies, housing crisis and budget is a Canadian government issue.
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Old 01-26-2022, 03:01 PM   #12473
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Calgary economist Trevor Tombe has a look at what is causing inflation, and asserts that Canadian domestic policy is not particularly relevant to the problem.

Trevor Tombe: Making sense of high inflation in Canada


... Consumer prices in December were 4.8 percent higher on average than a year earlier—the highest rate in over three decades. And it’s not just Canada. The United States recorded a 7 percent increase over that same period. Across developed economies, the average was (in November) nearly 6 percent.

From supply chain disruptions to monetary policy to federal spending, there’s no shortage of explanations out there for Canada’s high inflation. Many politicians and commentators are quick to place blame, often at the feet of a political opponent. But the reality is much simpler than most realize, with little blame to throw around.
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Old 01-26-2022, 04:59 PM   #12474
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^ Like I said, piss in the wind and hope no splashback seems to be the BoC and government approach.

It's not about inflation being high, it's about appropriately managing policy when inflation is this high. That means not spending and borrowing like crazy simply because interest rates are low right now.

Do you still believe this is transitory? Even the BoC has dropped the term.
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Old 01-26-2022, 05:05 PM   #12475
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I like how the author points out the failure of O’Toole in pulling the wool over the eyes of Union supporters and rather than suggest he abandons his strategy of empty platitudes in favour of making meaningful attempts to show them that the CPC are not hostile towards working people in an effort to get their votes he comes up with this gem instead:
The People's Party of Canada could be the best thing to ever happen to the Conservative Party, only O'toole did not capitalize on it. The fringe element have been what has hampered any positive momentum in the East for a decade. O'toole could shove every questionable element into the PPC, and reap the rewards of being a right-centrist option to Trudeau.

When the PPC popped up before the last election, a forceful personality in control of the Conservatives could have slam dunked that election. The opportunity is still there, and although O'toole does have some positive traits, his voice is too quiet to penetrate the minds of the centrists in Ontario.
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Old 01-26-2022, 05:13 PM   #12476
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while the current government is not directly to blame for our inflation, i think many are perceiving them to be making life more difficult in a death by a 1,000 cuts manner.

for example, they could presumably revise the ban on unvaxxed truckers and at least they have controlled what they could control, even though i think they would still not be able to cross into the US thanks to their rules.

Also thinking ahead to April and the increase in the carbon tax (which is he same date those parlimentary folks also get their raise)? maybe, this is a time not to increase the carbon tax although i guess that stresses those who get more back in tax credits than they pay (lol).

Also, what about that clean fuel tax - does that not come into play sometime this year?
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Old 01-26-2022, 05:27 PM   #12477
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Originally Posted by Firebot View Post
^ Like I said, piss in the wind and hope no splashback seems to be the BoC and government approach.

It's not about inflation being high, it's about appropriately managing policy when inflation is this high. That means not spending and borrowing like crazy simply because interest rates are low right now.

Do you still believe this is transitory? Even the BoC has dropped the term.
Actually if you really believe inflation is sticky, borrowing and spending is the rational thing to do. I could borrow money at a nice low interest rate right now and buy something for $1 that would cost $1.11 in two years, if this 5% inflation is sticky, if it were true with interest rates stuck at ~2.5% we should all be running out to sign contracts for new home builds ASAP, that will be worth 5% more by the time they are built.

And yes, I think it a chuck of it is transitory, making unfair comparisons between the pre-vaccine and post-vaccines eras of the economy. There was real inflation, but that's normal and the fact that still we are pretty close to the pre-pandemic trajectory tells me that we need to look at the numbers around May when we aren't directly comparing them to the pandemic dip, and instead comparing them to the same economic recovery period. Right now we should really be looking at the 3 year average, to smooth out the big drop and rapid recovery. Which is on the high side but not scary 2.43%
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Old 01-26-2022, 06:21 PM   #12478
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Central banks the world over erred by not giving a timeline definition of transitory. Maybe it was by design. I don't know. But it appears that many expected transitory to be ~6 months or less.
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Old 01-26-2022, 07:57 PM   #12479
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Trudeau’s entire foundation is based on pissing on the wind and hoping you don’t get sprayed. And when you do get sprayed, you pay her $2.5 mm for NDA to keep quiet.
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Old 01-26-2022, 08:35 PM   #12480
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Originally Posted by Harry Lime View Post
The People's Party of Canada could be the best thing to ever happen to the Conservative Party, only O'toole did not capitalize on it. The fringe element have been what has hampered any positive momentum in the East for a decade. O'toole could shove every questionable element into the PPC, and reap the rewards of being a right-centrist option to Trudeau.

When the PPC popped up before the last election, a forceful personality in control of the Conservatives could have slam dunked that election. The opportunity is still there, and although O'toole does have some positive traits, his voice is too quiet to penetrate the minds of the centrists in Ontario.

Hard deal for oToole when the loud mouths are out screaming in support for this trucker convoy which shockingly is organized by a bunch of crazies. It's hard to argue you're a safe party during an election campaign when half of them can't avoid the obvious pitfuls everytime the can.
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