BOC..... again

[foragefarmer]

"A recent Ipsos poll conducted by MNP LTD. finds Saskatchewan residents are finding it difficult to make ends meet – especially when compared to other provinces. One third (33%) of Saskatchewan debtholders say they have absolutely no wiggle room at the end of the month. And nearly half (48%) admit they’re $200 or less from financial insolvency."


Did they follow the lead of the Sask Party and Brad Wall? Everything was going great when a barrel of oil was $100.00 -$120.00 from 2011-2014.

[MBgrower]

Not surprising, look at the amount of toys on the road every weekend, skidoos, boats, quads, travel trailers plus likely a payment on an over priced cabin then burning the fuel to get there. Just put it on the never never plan. Recreation is a priority and working isn't . Wasn't there an ad campaign back some years that touted Saskatchewan as a place to "work to live" not "live to work". Just relax, live it up everything will just take care of itself.

side by sides for 30K. people are really stupid. they must think the govt will be there to support them when they retire with no pension savings. better start developing a craving for dog food.

[biglentil]

side by sides for 30K. people are really stupid. they must think the govt will be there to support them when they retire with no pension savings. better start developing a craving for dog food.

How bout $220000 wakeboard boats or RV's financed over 20yrs.

[sumdumguy]

An acquaintance owns a RV sales company - everything is financed.

[ajl]

Apparently, more than 25% of Canadians cannot financially tolerate any rate increase impacting their monthly debt payments. Cdn bankruptcies will begin to rise (IMO).

What is the Bank of Canada doing?? . . . .

Rates would be much higher if there was no bank of Canuskistan printing money with these levels of debt. Then again debt would not be this high if there was no B of C printing money. Time to get rid of central banks altogether.

[biglentil]

Rates would be much higher if there was no bank of Canuskistan printing money with these levels of debt. Then again debt would not be this high if there was no B of C printing money. Time to get rid of central banks altogether.

Unfortunately the Central Bank of Canada is actually a private entity. Its disguised as a "special" crown corp.

[macdon02]

Rates would be much higher if there was no bank of Canuskistan printing money with these levels of debt. Then again debt would not be this high if there was no B of C printing money. Time to get rid of central banks altogether.

BIS the mother of all central banks just told Haiti to jack taxes... it didn't go so well as the locals went full blown bat shit crazy. I agree. End em. It would be different if they actually controlled something economic...

[iceman]

Wow from what read here I'm really out of touch with the price of these toys now.

But doesn't this 1.25L gas really start to speed up the process with these pay cheque to pay cheque consumers? I read somewhere that before every recession we have a oil price shock. Hmmm

Iceman Out

[Oliver88]

How bout $220000 wakeboard boats or RV's financed over 20yrs.

WOW.....crazy if true.

Higher interest rates might not influence people doing things this ridiculous. 🙈

[GDR]

WOW.....crazy if true.

Higher interest rates might not influence people doing things this ridiculous. 🙈

Probably won't change their choices or decisions but may influence how long they get to keep them! Most "toys" are actually necessities for people today.

[farmaholic]

Who the **** would be stupid enough to take a 20 year loan out on an RV? They will be on the wrong side of owing more than its worth real fast!

What do people go to school for? Afew of them must of wanted to be astronauts and just took up space.

Is there even an economics class in high school these days?

[Klause]

What do people go to school for? Afew of them must of wanted to be astronauts and just took up space.

Is there even an economics class in high school these days?

Omg there's whiskey all over the floor now you made me laugh so hard!!! Awesome farma!!!!!



And no. According to my wife there isn't.