Fiscal Update

[jazz]

More debt thrown about today. Head bobber took out $30B for covid whatever, $40B for indigenous kids, $775M to buy off seniors. Etc. Who knows what else - all on the credit card. Plus largest immigration allowance in canadian history. And we havent even got to the climate change fantasy spending yet.

And now for the part you didnt hear about today. You have witnessed peak Canada in the rear view mirror. Squandered wealth, over taxed, over regulated, capital starved, secular decline, likely provincial and sovereign default in our future. Govern yourself accordingly.

https://bcbc.com/insights-and-opinions/oecd-predicts-canada-will-be-the-worst-performing-advanced-economy-over-the-next-decade-and-the-three-decades-after-that

[SASKFARMER]

What scares me is only one group has assets and wealth and they are just about all retiring. The new groups are lazy pussies who want everything.

Skippy is a dog ****er of all dog dickers this is there hero.

They are coming after the ones with wealth the old and just retired watch.

We’re doomed.

[Hamloc]

Jazz certainly an interesting article. Certainly paints a bleak picture. Justin Trudeau wants to lower production of our number one export oil and gas. Joe Biden wants to lower our number 2 export which is automobiles.

The article predicts low wage growth for many years to come and at the same time housing prices are rapidly rising in Canada’s urban centres, seems like a recipe for disaster. Throw in deferred tax increases in the form of rapidly escalating government debt and the picture painted for Canada’s youth is bleaker yet. Very sad.

[SASKFARMER]

Some always say i hate liberals, Thats wrong I don't what I hate is this group of Misfits pretending to be liberals. The whole bunch are uneducated fools who are running the country into the ground.

We have a Drama teacher for PM.

We have a journalist for Finance.

It goes on and on.

it's like the dumbest fool you know is running the country in Canada.

[TOM4CWB]

Jazz certainly an interesting article. Certainly paints a bleak picture. Justin Trudeau wants to lower production of our number one export oil and gas. Joe Biden wants to lower our number 2 export which is automobiles.

The article predicts low wage growth for many years to come and at the same time housing prices are rapidly rising in Canada’s urban centres, seems like a recipe for disaster. Throw in deferred tax increases in the form of rapidly escalating government debt and the picture painted for Canada’s youth is bleaker yet. Very sad.

We are very blessed to have: Massive amounts of Clean water[=hydro as well], wonderful productive forests, Uranium, iron, copper, precious metals, potash, fertile farmland, besides our plentiful Massive amounts of fossil fuels. Plus we are peaceful people; next to the USA, who needs all the above assets to build a better tomorrow! There is nowhere else on earth, I would want my grandchildren to live and farm! We have a heritage of hard working, inventive, charitable, and creative Canadian people...

God Bless Canada! Cheers

[TASFarms]

We are very blessed to have: Massive amounts of Clean water[=hydro as well], wonderful productive forests, Uranium, iron, copper, precious metals, potash, fertile farmland, besides our plentiful Massive amounts of fossil fuels. Plus we are peaceful people; next to the USA, who needs all the above assets to build a better tomorrow! There is nowhere else on earth, I would want my grandchildren to live and farm! We have a heritage of hard working, inventive, charitable, and creative Canadian people...

God Bless Canada! Cheers

And we have a government that wants to white wash your heritage. Leave you owning nothing and be happy
Do you think you need to fight yet?

[Old Cowzilla]

We had record oil production so we are not weaned off that stuff yet. In fact oil trains were the only ones I saw on the tracks we were working by yesterday. Only 1/2 a % trees planted out of that Billion tree deal announced years ago. When in comes to talking to the crowd Justin is quite the used horse salesman.

[Partners]

What scares me is only one group has assets and wealth and they are just about all retiring. The new groups are lazy pussies who want everything.

Skippy is a dog ****er of all dog dickers this is there hero.

They are coming after the ones with wealth the old and just retired watch.

We’re doomed.

So what's the best plan?
Dump everything we worked for and give $$$ to the kids, because we are going to loose it anyway?
This is serious stuff..

[jazz]

So what's the best plan?
Dump everything we worked for and give $$$ to the kids, because we are going to loose it anyway?
This is serious stuff..

Thats basically the entire plot of Yellowstone. Extracting wealth beyond productive capacity until equity is eroded to zero.

Tom can wrap himself in the flag and hide under the bed. That wont stop whats coming.

Skippy just spent more than $600B dollars, added another $75B yesterday, child care costs (???), Muskrat bailout and we havent even got to net zero spending yet.

No way Canada can support all this. They will have to go after real estate and CGEs to fund it.

[AlbertaFarmer5]

So what's the best plan?
Dump everything we worked for and give $$$ to the kids, because we are going to loose it anyway?
This is serious stuff..

Concentrate all your efforts on separation from Canada and joining the US.
It is the only option.

[blackpowder]

Most on here won't have their quality of of life seriously affected other than access to med care. We likely wont outlive our assets.
If you think you're giving a legacy to grandchildren, that's a different story.
The times they are a changin
Maybe US investments owned by your own US LLC not a bad idea after all.

[jazz]

Concentrate all your efforts on separation from Canada and joining the US.
It is the only option.

Without a singular group or politician to lead the way, thats a fruitless battle.

To remove Kenny for someone like that will give us Notley for another 4 yrs first.

Converting out of the loon would be one step, moving investments outside of Canada, booking your CGs into a company while you still can.

Some day the whole issue of farm inputs might be moot. You wont want to grow more or take more risk if the govt is standing there to regulate and tax you. Galt moment arrives.

[Old Cowzilla]

Gonna stay here in outback Manitoba grow potatoes,tomatoes and beef. Maybe buy a spare woodstove !!! Rest of the world looks pretty sketchy.

[TOM4CWB]

Gonna stay here in outback Manitoba grow potatoes,tomatoes and beef. Maybe buy a spare woodstove !!! Rest of the world looks pretty sketchy.

Canada advises against non-essential travel... the [O] [C] issue...

We are supposed to join Musk on Mars... is the alternative? That can't end well!!!

Hunker down! Enjoy he trip!

Merry Christmas

Recently was 'Plug and Play' new Farming advancements... now we say; 'Pay to "Play"' the Farming Way !!!

[TOM4CWB]

Canada advises against non-essential travel... the [O] [C] issue...

We are supposed to join Musk on Mars... is the alternative? That can't end well!!!

Hunker down! Enjoy he trip!

Merry Christmas

Recently was 'Plug and Play' new Farming advancements... now we say; 'Pay to "Play"' the Farming Way !!!

WOW... this is a mouth full...

Bank of Canada says likely to cut rates to effective lower bound more often

FILE PHOTO: Bank of Canada building in Ottawa
Julie Gordon and David Ljunggren
Wed, December 15, 2021, 9:47 AM
By Julie Gordon and David Ljunggren

OTTAWA (Reuters) - The Bank of Canada will likely need to lower rates to their effective lower bound (ELB) more often in the future and will therefore have to use alternative stimulus to a greater extent to tackle shocks, Governor Tiff Macklem said on Wednesday.

Macklem, in a virtual speech to a business audience, said the low global interest rate environment meant the bank would have to rely on tools like forward guidance and quantitative easing more often going forward.

"A lower neutral interest rate means we are likely to need to use these policy tools more often in the future. These alternative tools work, but we don’t have as much experience using them," he added.

The Bank of Canada in March 2020 slashed its benchmark rate to 0.25%, a record low and the current ELB, as the coronavirus pandemic took hold. It also launched its first-ever quantitative easing program and said rates would stay low for a prolonged period.

Macklem said forward guidance - essentially committing to holding rates low for longer - could be used under certain circumstances to support employment and return inflation to target, though it has drawbacks.

"An implication of exceptional forward guidance is that inflation will likely go a little above the target after we exit from the ELB before it comes back to the target over the medium term," he said.

Canada's inflation rate was at an 18-year high at 4.7% in November, data showed on Wednesday, its eighth straight month above the central bank's 1-3% control range.

The Bank of Canada, which says it expects the inflation rate to sink back down towards 2% by the end of 2022, has signaled it could start hiking rates as soon as April. Money markets expect a first hike in March or April. [BOCWATCH]

The Canadian dollar steadied at about 1.2915, or 77.43 U.S. cents, to the greenback after the speech, down 0.4% on the day.

(Additional reporting by Fergal Smith in Toronto; Editing by David Gregorio)

Good Grief Charlie Brown.... The CDN$ Devaluation in progress???