Popular Post Mike Vanderhoek Posted October 16, 2023 Popular Post Share Posted October 16, 2023 On 9/18/2023 at 1:02 PM, ronthecivil said: As for the reduction in jobs, the issue has been lately, and doesn't seem to be going away any time soon, is the lack of people that actually want to work. I think it is more can't find people that actually want to work " for garbage wages ". 1 3 2 Quote Link to comment Share on other sites More sharing options...
nuckin_futz Posted October 17, 2023 Share Posted October 17, 2023 Canada September CPI 3.8% versus 4.0% expected Details of Canada CPI for the month of September 2023 Prior month 4.0% CPI MoM -0.1% versus 0.1% expected Prior MoM 0.4% Core measures: BOC core YoY 2.8% versus 3.3% last month BOC core MoM -0.1% versus 0.1% last month CPI median 3.8% versus 4.1% last month CPI trim 3.7% versus 3.9% last month CPI common 4.4% versus 4.8% last month The year-over-year deceleration was broad-based, Statistics Canada said, stemming from lower prices for some travel-related services, durable goods and groceries. The improvements come despite a 7.5% y/y rise in gasoline prices and +0.8% m/m. That rise has unwound in October so there's some good news in the pipeline. Groceries remain a problem point with prices up 5.8% y/y but that has decelerated from +6.9% y/y as base year effects lower meat and dairy inflation. A big y/y decline was in airfares, which fell 21.1% in September as flight capacities has improved. USD/CAD jumped on this report, in part because it's a dovish reading that should lead the BOC to cool its recent hawkish rhetoric at next week's meeting. The pair rose about 50 pips on the headline. The other side of the jump is because the US reported a very strong retail sales report, leading to broad USD strength. Pricing for a hike next week is down to 22% and the March meeting now prices in 18 bps of hikes from 24 bps last week. Quote Link to comment Share on other sites More sharing options...
Gurn Posted October 17, 2023 Share Posted October 17, 2023 On 10/12/2023 at 1:26 PM, Gurn said: On the old site, I'd mentioned that Freshco 4ltr pails of ice milk were $5 bucks-about 2 years ago, and had been keeping track. Those same pails are now $7.29 or about 45.5% more. Update: Now Tuesday, 5 days after the quoted post. 5 days..... Now priced at $7.99, up 9.59%---- in 5 days. 1 1 Quote Link to comment Share on other sites More sharing options...
Ryan Strome Posted October 17, 2023 Share Posted October 17, 2023 27 minutes ago, Gurn said: Update: Now Tuesday, 5 days after the quoted post. 5 days..... Now priced at $7.99, up 9.59%---- in 5 days. Oh well it's no good for you anyways lol Quote Link to comment Share on other sites More sharing options...
King Heffy Posted October 18, 2023 Share Posted October 18, 2023 On 9/18/2023 at 6:04 PM, Hogs and Podz said: I understand... But truth is, if you're not a person that puts themselves at risk (getting loaded and stumbling around down an alley at 3 in the morning or buy drugs off some sketchy local)... We as North Americans have been feed a bunch of fear news news about the 3rd World countries our while lives. It's way safer than we've been lead to believe. As far as learning a bew language.... Why not? It ain't easy but it's super rewarding. Since your wife is el Salvadoran, you'll have all the support you need. I'm in Nicaragua... On the outskirts of a surfing/fishing village. Live the lifestyle here. Don't get me wrong, there are dangers... You just have to be smart about it. It's more to do with unfamiliarity.... It takes time. I'm definitely at the point where this is on the table, albeit in Mexico city. As great as BC is, if I ever had to move out of the current apartment the rent increase would be crippling. 2 Quote Link to comment Share on other sites More sharing options...
The Arrogant Worms Posted October 18, 2023 Share Posted October 18, 2023 Bank of Canada likely to begin cutting rates in mid-2024: CIBC's Tal https://www.mpamag.com/ca/mortgage-industry/market-updates/bank-of-canada-likely-to-begin-cutting-rates-in-mid-2024-cibcs-tal/463556 1 Quote Link to comment Share on other sites More sharing options...
The Arrogant Worms Posted October 24, 2023 Share Posted October 24, 2023 Latest in mortgage news: Equitable Bank unveils 40-year amortization mortgage https://www.canadianmortgagetrends.com/2023/10/latest-in-mortgage-news-equitable-bank-unveils-40-year-amortization-mortgage/ 2 Quote Link to comment Share on other sites More sharing options...
The Arrogant Worms Posted October 26, 2023 Share Posted October 26, 2023 Ottawa exempting home heating oil from carbon tax for 3 years, Trudeau says https://www.cbc.ca/news/politics/trudeau-pause-carbon-tax-rural-home-heating-1.7009347 Quote Link to comment Share on other sites More sharing options...
the destroyer of worlds Posted October 27, 2023 Share Posted October 27, 2023 I thought this fits more in here. Workers getting a big pay jump. Autoworkers reach a deal with Ford, a breakthrough toward ending strikes against Detroit automakers The four-year deal still has to be approved by 57,000 union members https://www-cbc-ca.cdn.ampproject.org/v/s/www.cbc.ca/amp/1.7008394?amp_gsa=1&_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From %1%24s&aoh=16983843604195&csi=1&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.cbc.ca%2Fnews%2Fcanada%2Fwindsor%2Fuaw-ford-deal-ap-1.7008394 Quote Link to comment Share on other sites More sharing options...
aGENT Posted October 30, 2023 Share Posted October 30, 2023 On 10/26/2023 at 10:30 PM, the destroyer of worlds said: I thought this fits more in here. Workers getting a big pay jump. Autoworkers reach a deal with Ford, a breakthrough toward ending strikes against Detroit automakers The four-year deal still has to be approved by 57,000 union members https://www-cbc-ca.cdn.ampproject.org/v/s/www.cbc.ca/amp/1.7008394?amp_gsa=1&_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From %1%24s&aoh=16983843604195&csi=1&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.cbc.ca%2Fnews%2Fcanada%2Fwindsor%2Fuaw-ford-deal-ap-1.7008394 Now the rest of us need one... 2 Quote Link to comment Share on other sites More sharing options...
The Arrogant Worms Posted November 7, 2023 Share Posted November 7, 2023 B.C. has highest cost of living with Ontario sitting in second: Study https://canoe.com/news/provincial/ontario-has-second-highest-cost-of-living-after-b-c-study/wcm/90e2fd19-7591-4657-a3f8-8acb7d0aa880 Quote Link to comment Share on other sites More sharing options...
Junkyard Dog Posted November 7, 2023 Share Posted November 7, 2023 I figured out what B.C. stands for. Bring Cash 1 Quote Link to comment Share on other sites More sharing options...
WeneedLumme Posted November 21, 2023 Share Posted November 21, 2023 October inflation rate down to 3.1%, almost back into the BoC's target range. https://www150.statcan.gc.ca/n1/daily-quotidien/231121/dq231121a-eng.htm 1 1 1 Quote Link to comment Share on other sites More sharing options...
The Arrogant Worms Posted November 21, 2023 Share Posted November 21, 2023 Canada's inflation rate cools to 3.1% but the cost of living keeps going up https://www.cbc.ca/news/business/canada-inflation-october-1.7034686 Canada's consumer price index rose by 3.1 per cent in the year up to October, down from 3.8 per cent the previous month but in line with what economists were expecting. Statistics Canada reported Tuesday that the biggest reason for the deceleration in the cost of living was a drop in the cost of gasoline, which declined by 6.4 per cent during the month of October alone, and is down by 7.8 per cent compared to where prices were a year ago. If gasoline is stripped out of the numbers, the inflation rate would have been 3.6 per cent in October. That's slightly lower than the 3.7 per cent non-gasoline inflation rate clocked the month before. Food prices increased at a 5.4 per cent pace over the past year. While that's still higher than the overall inflation rate, it's down from the 5.8 per cent annual pace seen in September. Grocery prices have now decelerated for four months in a row, but as TD Bank economist Leslie Preston noted, consumers can be forgiven for not really feeling any tangible relief at the checkout line. "Slower growth in prices may be imperceptible to consumers who are still paying more than 20 per cent more for a basket of groceries relative to three years ago — the biggest such increase in 40 years," she said. While the pain at the cash register for staples like food and gasoline is getting comparatively better, plenty of other aspects that contribute to the cost of living continue to increase at an eye-watering level. Overall, shelter costs are up by more than six per cent in the past year. That's about twice the overall inflation rate. A big reason for that is rent which keeps going up at its fastest pace in years. The data agency says the typical cost of rent went up by 8.2 per cent in the past year. That's up from 7.3 per cent in September. The costs associated with owning are no better, however, with mortgage interest costs up by more than 30 per cent in the past year. And property taxes increased by 4.9 per cent in the past year. That's up from 3.6 per cent this time last year, and it's also the biggest one-year increase in property taxes on records dating back to 1992. If one were to strip mortgage costs out of the numbers, the inflation rate would be 2.2 per cent and if one were to strip out shelter entirely, it would be 1.9 per cent. Economist Tu Nguyen with consultancy RSM Canada Inc. says the shelter costs are eating a larger and larger chunk of household budgets, leaving less money for everything else and bringing down inflation in the process. "On a per capita basis, consumer spending has actually dropped," she said. "Households who get hit with higher mortgage payments find themselves cutting back on discretionary spending." She says the data give the Bank of Canada more than enough of an excuse to stop any further rate hikes. "The CPI report is the latest sign of a cooling economy that should make the Bank of Canada feel comfortable keeping the policy rate unchanged at the December announcement. At this point, the Bank can sit back and let the forces of monetary policy work its way through the economy." 1 Quote Link to comment Share on other sites More sharing options...
The Arrogant Worms Posted November 22, 2023 Share Posted November 22, 2023 Sugar shortage hits Greater Victoria grocery stores, bakers amid labour dispute at refinery https://www.timescolonist.com/local-news/sugar-shortage-hits-greater-victoria-grocery-stores-bakers-amid-labour-dispute-at-refinery-7866550 Quote Link to comment Share on other sites More sharing options...
The Arrogant Worms Posted November 22, 2023 Share Posted November 22, 2023 1 Quote Link to comment Share on other sites More sharing options...
Barnstorm Posted December 8, 2023 Share Posted December 8, 2023 Watching the news (depressing) and food insecurity across this country is increasing. Predictions say next year prices will continue to inflate at a high rate. Northern communities and the children there are particularly feeling the grind. Studies indicate those children that aren’t been fed well or enough are shorter by 2 cm than those eating a proper diet. Here’s the kicker… a regular can of Campbells Chunky soup was shown in a northern community store on sale for $11.49. How could anyone afford to feed even a small family ? It’s not like they have the option to grow much of their own food. This country is in worse trouble than most people realize. Quote Link to comment Share on other sites More sharing options...
Boudrias Posted December 8, 2023 Share Posted December 8, 2023 11 hours ago, Barnstorm said: Watching the news (depressing) and food insecurity across this country is increasing. Predictions say next year prices will continue to inflate at a high rate. Northern communities and the children there are particularly feeling the grind. Studies indicate those children that aren’t been fed well or enough are shorter by 2 cm than those eating a proper diet. Here’s the kicker… a regular can of Campbells Chunky soup was shown in a northern community store on sale for $11.49. How could anyone afford to feed even a small family ? It’s not like they have the option to grow much of their own food. This country is in worse trouble than most people realize. The debt crisis is already on us. Canadians should actually sit down and run the numbers. The social network will/is imploding. Trudeau and his crew have been running this country for 8 years and yet many people cannot accept/understand the fallout from his mistakes. Little Norway has a investment endowment of + $1.4 trillion. Oddly roughly the same amount as our federal government debt. Progressive thought feels good until the money runs out. BS reigns supreme until people simply stop listening. 1 Quote Link to comment Share on other sites More sharing options...
Northern_Nuck Posted December 8, 2023 Share Posted December 8, 2023 1 hour ago, Boudrias said: The debt crisis is already on us. Canadians should actually sit down and run the numbers. The social network will/is imploding. Trudeau and his crew have been running this country for 8 years and yet many people cannot accept/understand the fallout from his mistakes. Little Norway has a investment endowment of + $1.4 trillion. Oddly roughly the same amount as our federal government debt. Progressive thought feels good until the money runs out. BS reigns supreme until people simply stop listening. The crazy thing is people will defend their team blindly no matter how much they fail. But the failure is on all of us for not seeing that the whole system is broke. Quote Link to comment Share on other sites More sharing options...
bishopshodan Posted December 8, 2023 Share Posted December 8, 2023 Dont worry. PP is coming to save the day. It's gonna be amazing. Canada will become one of the best places in the world to live. Super free and everything. 1 Quote Link to comment Share on other sites More sharing options...
Bob Long Posted December 8, 2023 Share Posted December 8, 2023 4 minutes ago, bishopshodan said: Dont worry. PP is coming to save the day. It's gonna be amazing. Canada will become one of the best places in the world to live. Super free and everything. The freest ever. Convoys for everyone. Quote Link to comment Share on other sites More sharing options...
bishopshodan Posted December 8, 2023 Share Posted December 8, 2023 Just now, Bob Long said: The freest ever. Convoys for everyone. My fav about the convoy was that some people called it the Karen Convoy. I usually dont like that term ( Karen) ....but the thought of bunch of tough truckers demanding to speak the manager...well, its just too funny of a diss. 1 Quote Link to comment Share on other sites More sharing options...
Bob Long Posted December 8, 2023 Share Posted December 8, 2023 2 minutes ago, bishopshodan said: My fav about the convoy was that some people called it the Karen Convoy. I usually dont like that term ( Karen) ....but the thought of bunch of tough truckers demanding to speak the manager...well, its just too funny of a diss. But it was peaceful, dude. Even that guy that pooped on someone's lawn, he was nice about it. 1 Quote Link to comment Share on other sites More sharing options...
Boudrias Posted December 8, 2023 Share Posted December 8, 2023 12 minutes ago, Northern_Nuck said: The crazy thing is people will defend their team blindly no matter how much they fail. But the failure is on all of us for not seeing that the whole system is broke. Within a fiscal framework the needs in society can be weighed and decisions made. If those decisions are not being realized then changes can be made. The political decisions can be conservative or progressive but the financial accountability cannot be ignored. The failures in the Trudeau government are obvious for most to see. PP has not had his kick at the can yet but it appears he will. Will he ignore the accountability that has to happen? I doubt whoever is in power will have any choice. Quote Link to comment Share on other sites More sharing options...
bishopshodan Posted December 8, 2023 Share Posted December 8, 2023 (edited) I keep reading and hearing ' the Trudeau government' Could be a good sign for Libs? Maybe all the hate is just directed at the one handsome hair having kid that has over stayed his welcome? If JT steps down and Freeland takes over... do they close the gap a bit? Edited December 8, 2023 by bishopshodan Quote Link to comment Share on other sites More sharing options...
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