Ricky Ravioli Posted June 25 Share Posted June 25 Conservatives win longtime Liberal stronghold Toronto-St. Paul's in shock byelection result https://www.cbc.ca/news/politics/byelection-polls-liberal-conservative-ballot-vote-1.7243748 2 Quote Link to comment Share on other sites More sharing options...
Bob Long Posted June 25 Share Posted June 25 Well, I hope this is the wake up call Trudeau needs to take his walk in the sand. It's also a good example of the need for strategic voting, 4000+ NDP voters handed this to PP. 1 Quote Link to comment Share on other sites More sharing options...
Ricky Ravioli Posted June 25 Share Posted June 25 Inflation ticked up to 2.9% in May https://www.cbc.ca/news/business/cpi-may-1.7245616 Canada's annual inflation rate edged up to 2.9 per cent in May — an increase from 2.7 per cent in April — mostly due to higher prices for services, Statistics Canada said on Tuesday. Quote Link to comment Share on other sites More sharing options...
Bob Long Posted June 25 Share Posted June 25 21 minutes ago, Ricky Ravioli said: Inflation ticked up to 2.9% in May https://www.cbc.ca/news/business/cpi-may-1.7245616 Canada's annual inflation rate edged up to 2.9 per cent in May — an increase from 2.7 per cent in April — mostly due to higher prices for services, Statistics Canada said on Tuesday. looks like travel kicked it up. Which is actually a good thing, if people are spending disposable income on that again. Quote Link to comment Share on other sites More sharing options...
Ricky Ravioli Posted June 25 Share Posted June 25 (edited) 47 minutes ago, Bob Long said: looks like travel kicked it up. Which is actually a good thing, if people are spending disposable income on that again. Increased rents and cost of groceries also drove it up. That's not good Edited June 25 by Ricky Ravioli Quote Link to comment Share on other sites More sharing options...
Bob Long Posted June 25 Share Posted June 25 15 minutes ago, Ricky Ravioli said: Increased rents and cost of groceries also drove it up. That's not good It's ok Skippy will feed us. 1 Quote Link to comment Share on other sites More sharing options...
King Heffy Posted June 25 Share Posted June 25 4 minutes ago, Bob Long said: It's ok Skippy will feed us. Yeah, I'm sure the grocery store lobbyists he has working for him, along with the MP who is the chairman of a grocery chain will do their utmost to crack down on the price gouging and introduce some regulations to hold these parasites accountable. 1 1 Quote Link to comment Share on other sites More sharing options...
The Arrogant Worms Posted June 25 Share Posted June 25 The Libs only hope is Trudeau steps down. Or it will be another Harper bloodbath. 2 Quote Link to comment Share on other sites More sharing options...
The Arrogant Worms Posted June 25 Share Posted June 25 (edited) Statistics Canada said the overall increase for May came as prices for services rose 4.6 per cent from a year ago, up from a 4.2 per cent increase in April. Prices for goods grew at the same rate as April at one per cent. The inflation report follows a decision by the Bank of Canada, which targets an annual inflation rate of two per cent, to cut its benchmark interest rate by a quarter of a percentage point earlier this month to 4.75 per cent. The inflation reading, along with the upcoming June inflation data, are expected to play a key role in the central bank's next rate decision, set for July 24. TD Bank senior economist James Orlando said one bad inflation report doesn't make a trend and inflation remained below three per cent, but it did speak to the unevenness of the path back to two per cent. "For this reason, we think the BoC will likely pause at its July meeting, before cutting rates again in September," Orlando wrote in report. Mortgage interest costs were up 23.3 per cent compared with a year ago, while rent prices were up 8.9 per cent. Prices in May for travel tours rose 6.9 per cent compared with a year ago while air transportation prices increased 4.5 per cent. Gasoline prices were up 5.6 per cent compared with a year ago. Grocery prices rose 1.5 per cent year-over-year in May, a tick higher compared with April, when they rose 1.4 per cent. It's the first acceleration in grocery prices since June last year, however Statistics Canada said consumers are paying 22.5 per cent more for groceries compared with May 2020. Edited June 25 by The Arrogant Worms Quote Link to comment Share on other sites More sharing options...
Optimist Prime Posted June 25 Share Posted June 25 4 hours ago, Whorvat said: Not so fast.. Conservatives win. Bye bye Turdeau 3 hours ago, Ricky Ravioli said: I'm shocked I tell ya! Shocked! 3 hours ago, Ricky Ravioli said: Conservatives win longtime Liberal stronghold Toronto-St. Paul's in shock byelection result https://www.cbc.ca/news/politics/byelection-polls-liberal-conservative-ballot-vote-1.7243748 Yeah! Holy Crow! That swapped so fast, i was lookin at about 183 of the polls reporting, Church had a lead of about 500 at last glance, woke up to this result, a thousand vote shift in the, roughly, final 1500 votes. Those last polls I believe were mail in ballots if i remember the pundits talking points when they were still counting...WOW. Quite the campaign, Don Stewart is a new MP! (Notice I didn't declare it is rigged or they showed up with a box stuffed to the brim with CON votes at the last minute, or any of the other crazy MAGA things that are still being said four years after Trump lost) 1 Quote Link to comment Share on other sites More sharing options...
Bob Long Posted June 25 Share Posted June 25 30 minutes ago, The Arrogant Worms said: The Libs only hope is Trudeau steps down. Or it will be another Harper bloodbath. Carney! Carney! Quote Link to comment Share on other sites More sharing options...
Ricky Ravioli Posted June 25 Share Posted June 25 42 minutes ago, Bob Long said: It's ok Skippy will feed us. Burying your head in the sand isn't going to make these issues go away Quote Link to comment Share on other sites More sharing options...
Ricky Ravioli Posted June 25 Share Posted June 25 37 minutes ago, King Heffy said: Yeah, I'm sure the grocery store lobbyists he has working for him, along with the MP who is the chairman of a grocery chain will do their utmost to crack down on the price gouging and introduce some regulations to hold these parasites accountable. And what exactly has the liberal government done again? Quote Link to comment Share on other sites More sharing options...
Bob Long Posted June 25 Share Posted June 25 8 minutes ago, Ricky Ravioli said: Burying your head in the sand isn't going to make these issues go away Neither will voting for Skippy. We need a real financial manager, like Paul Martin. Not bit bro. Quote Link to comment Share on other sites More sharing options...
Elias Pettersson Posted June 25 Share Posted June 25 4 hours ago, Ricky Ravioli said: Conservatives win longtime Liberal stronghold Toronto-St. Paul's in shock byelection result https://www.cbc.ca/news/politics/byelection-polls-liberal-conservative-ballot-vote-1.7243748 Bye Bye Trudeau... Quote Link to comment Share on other sites More sharing options...
Elias Pettersson Posted June 25 Share Posted June 25 2 hours ago, Ricky Ravioli said: Inflation ticked up to 2.9% in May https://www.cbc.ca/news/business/cpi-may-1.7245616 Canada's annual inflation rate edged up to 2.9 per cent in May — an increase from 2.7 per cent in April — mostly due to higher prices for services, Statistics Canada said on Tuesday. But some people on here told me inflation is going down... Quote Link to comment Share on other sites More sharing options...
Elias Pettersson Posted June 25 Share Posted June 25 2 hours ago, Bob Long said: looks like travel kicked it up. Which is actually a good thing, if people are spending disposable income on that again. It's not just travel. Shelter costs are a killer right now... Canadian Inflation (May 2024) - June 25, 2024 Canadian prices, as measured by the Consumer Price Index (CPI), rose 2.9 per cent on a year-over-year basis in May, up from a 2.7 per cent increase in April. Month-over-month, on a seasonally adjusted basis, CPI rose by 0.3 per cent in May. The acceleration in headline CPI was driven by rising prices for services, especially cellular, travel, rents, and air transport. The shelter cost index remains the major driver of inflation with the rate of increases higher now (6.4 per cent) than they were this time last year (4.7 per cent). Mortgage interest costs were up 23.3 per cent and rent was up 8.6 per cent from the same time last year in May. Excluding shelter, consumer prices rose just 1.5 per cent, year over year. In BC, consumer prices rose 2.9 per cent year-over-year, unchanged from April. The Bank of Canada's preferred measures of core inflation, which strip out volatile components, fell to between 2.4 and 2.9 per cent per cent year-over-year in May. Canada's inflation rate came in higher than expected in May, halting a string of good reports since the start of the year. The Bank of Canada's preferred measures of core inflation, CPI median and CPI trim, jumped back above the 2 per cent target when measured on a 3-month annualized basis. Food prices ticked up sharply last month after remaining flat or declining in every prior month since the start of the year. Rents remain the most troubling component of the CPI bundle, and still show no signs of slowing down. Rents rose 9.3 percent over the last 4 months on an annualized basis. While one month does not make a trend, the probability of an additional rate cut by the Bank of Canada in July declined following the report. The Bank will be watching the forthcoming employment and GDP reports closely to guide its decision prior to the next announcement on Wednesday, July 24th. 1 Quote Link to comment Share on other sites More sharing options...
Bob Long Posted June 25 Share Posted June 25 12 minutes ago, Elias Pettersson said: But some people on here told me inflation is going down... I guess you never heard about trends over time. Quote Link to comment Share on other sites More sharing options...
Bob Long Posted June 25 Share Posted June 25 Just now, Elias Pettersson said: It's not just travel. Shelter costs are a killer right now... Canadian Inflation (May 2024) - June 25, 2024 Canadian prices, as measured by the Consumer Price Index (CPI), rose 2.9 per cent on a year-over-year basis in May, up from a 2.7 per cent increase in April. Month-over-month, on a seasonally adjusted basis, CPI rose by 0.3 per cent in May. The acceleration in headline CPI was driven by rising prices for services, especially cellular, travel, rents, and air transport. The shelter cost index remains the major driver of inflation with the rate of increases higher now (6.4 per cent) than they were this time last year (4.7 per cent). Mortgage interest costs were up 23.3 per cent and rent was up 8.6 per cent from the same time last year in May. Excluding shelter, consumer prices rose just 1.5 per cent, year over year. In BC, consumer prices rose 2.9 per cent year-over-year, unchanged from April. The Bank of Canada's preferred measures of core inflation, which strip out volatile components, fell to between 2.4 and 2.9 per cent per cent year-over-year in May. Canada's inflation rate came in higher than expected in May, halting a string of good reports since the start of the year. The Bank of Canada's preferred measures of core inflation, CPI median and CPI trim, jumped back above the 2 per cent target when measured on a 3-month annualized basis. Food prices ticked up sharply last month after remaining flat or declining in every prior month since the start of the year. Rents remain the most troubling component of the CPI bundle, and still show no signs of slowing down. Rents rose 9.3 percent over the last 4 months on an annualized basis. While one month does not make a trend, the probability of an additional rate cut by the Bank of Canada in July declined following the report. The Bank will be watching the forthcoming employment and GDP reports closely to guide its decision prior to the next announcement on Wednesday, July 24th. Good thing we are investing billions into new inventory. Quote Link to comment Share on other sites More sharing options...
Elias Pettersson Posted June 25 Share Posted June 25 1 minute ago, Bob Long said: I guess you never heard about trends over time. Shelter costs going up isn't a 'trend". It's been going up for over a year now and quite frankly it's out of control. Something must be done about it. At every government level... 1 Quote Link to comment Share on other sites More sharing options...
Elias Pettersson Posted June 25 Share Posted June 25 2 minutes ago, Bob Long said: Good thing we are investing billions into new inventory. About 20 years too late... 1 Quote Link to comment Share on other sites More sharing options...
Duodenum Posted June 25 Share Posted June 25 (edited) Hopefully a wake up call for the Liberals who seem to be in denial of the polls and Canadian sentiment after years of Trudeau's failings. If Trudeau isn't gone, expect an overwhelming Conservative majority. If Trudeau is gone, I'd still expect a Conservative win but it'll be moderately closer. I'm starting to think this iteration of the Liberals is incapable of wake up calls though. Edited June 25 by Duodenum Quote Link to comment Share on other sites More sharing options...
bolt Posted June 25 Share Posted June 25 9 minutes ago, Bob Long said: Good thing we are investing billions into new inventory. Good thing immigration is still far exceeding home building. But that's what happens when you vote in an incompetent Government. 1 Quote Link to comment Share on other sites More sharing options...
King Heffy Posted June 25 Share Posted June 25 41 minutes ago, Ricky Ravioli said: And what exactly has the liberal government done again? The NDP at least wants to introduce more regulation. The Cons actually want to make the problem worse. Electing them is the equivalent of hiring Mike Millbury because you're not happy with your GM's performance. Quote Link to comment Share on other sites More sharing options...
Ricky Ravioli Posted June 25 Share Posted June 25 10 minutes ago, bolt said: Good thing immigration is still far exceeding home building. But that's what happens when you vote in an incompetent Government. But government policy has no affect on housing right? At least that's what I have been told in this thread over and over again Quote Link to comment Share on other sites More sharing options...
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