National Post- Mark Carney’s election win already has economists worried
Canada was already headed into a recession. Then, on Tuesday, Fitch Ratings warned that Carney’s deficit plan could harm our credit rating
Fitch had already priced in federal government deficits for 2025 and 2026, amounting to 2.6 per cent and 2.4 per cent of Canada’s GDP, respectively. Factoring in the Carney platform, though, resulted in even worse figures: the 2025 deficit is now slated to be 3.1 per cent of GDP, growing to 3.2 per cent in 2026.
If you put your elbows up and flap your arms you will be able to fly and avoid impact.
The Elbows Up position is almost indistinguishable from the hand and arm position of a person being mugged by criminal. An accurate symbol of a Canadian taxpayer’s relationship with the Liberal government.
True !
Elbows up… now bend over.
Not to worry. When the tax on home equity kicks in, the economy will instantly turn around! As we know, higher taxes have always led to greater prosperity!
This is just absolutely infuriating. The home has, for decades, been the greatest store of wealth for the vast majority of families. It has been the source of stability and safety. Now, the Greatest Economist Ever (TM) will turn his avaricious eye towards this vast source of treasure to finance the ever larger civil service, his green machinations and bribery of the “important people”
Still want to wrap yourself in the red fleur-de-lis?
AAAAAAAAbsolutely.
one of many reasons lm selling is l see the equity tax coming, l want to avoid it. im selling my house 5th time now, things are coming together, bit of plumbing and ready to list.
gawdalmighty l hate liberals. and the infuriating clucking liberal voters slurping up the freebies willfully ignorant,
the only other explanation for some of them they are totally cognisant what theyre doing but dont give a toot, because THEY (boomers) wont have to pay the ‘bar tab’.
Canaduh is f’ed. no turning it around, no DESIRE to ‘turn it around’.
I think minority govt makes the home equity tax impossible. Part of me wants to see it come in as it would finally red pill a huge part of the population. The downside is i dont think the faux conservatives would campaign on repealing it
Boomers hardest hit! I’m sure they will get some sort of “exception”.
Only if they agree to MAID when they turn 75. BTW, did the Liberal candidate (a physician) who thinks Canada keeps its “ancients” (senior citizens) alive too long on public healthcare get elected?
Haliburton-Kawartha Lakes
CPC 57%
LPC 39%
NDP 3%
PPC 1%
39% of voters think that this Lib would have been acceptable as an MP.
At least she lost. What a horrible person and doctor.
I prophesy #CarkyTheFirst will not be having it all his own way. In my misty crystal ball I see an army of tractors towing bouncy castles to Ottawa. And to Queens Park, probably. #BlubberDougie is no better.
I have no reason to think this, except the ever-increasingly relentless taxation of the people who grow food in this country. Like the people who truck it, they’re being driven out of business.
And the home equity tax, that’s going to be when the Montreal/Toronto/Vancouver types start showing up with their own bouncy castles. You don’t threaten a Boomer’s nest egg.
I can hear the Boomers shriek now:
“Carny almost as bad as Orange Man Bad!!”
Spittle flying from their mouths.
Canuck leftie Boomers are scared of clowns (especially the orange ones) but love the carnival. Hiring the services of carney to protect them is sure to work in their favor. Giant stuffed animals and candy floss for all. Hee hee
So will an equity loss be deductible?
And where were these “economists” during the election? You would think it would be important to bring up.
Carney obviously was just cosplaying as an economist.
I knew there was a similarity to his predecessor.
When does he do the schtick in front of a blackboard with some equations he didn’t write telling the media to ask him about quantum physics.
Ben Shapiro calls him “The Ugly Justin Trudeau”.
Ugly is an understatement. Did you take a gander at his wife doing the elbows-up dance?
Nearly put a crack on my video monitor!
What do you mean! Why, he’s the Greatest Economist Ever (TM)!
He singlehandedly solved the Recession of 2009, the Great Depression, the Panics of 1907, 1893,1873 and 1837 along with the South Sea Bubble and the Dutch Tulip Crisis!
Now, our saviour will look into the eyes of the bad Orange Man and tell him to back down or there’ll be trouble! Oh surely there’ll be trouble. Right here in River City. Trouble that starts with T and also stands for Tariff!
He also won 3 stanley cups playing goal for the maple leafs.
The Leafs will never win a cup unless the GTA gets to vote on it.
All that matters is what’s in it for the boomers. As long as free boomer stuff keeps flowing they’ll keep voting libtard. SCREW you Canada give boomers more stuff. Elbows up! Pull yourself up by the bootstraps!
Nothing says a boomer result like Kelowna going Librano. The place where retired ex Albertans go to die.
I am getting very tired of all the accusations against boomers on this blog. We are not a monolithic group, we are individuals and some of us at least can think analytically. I was born in 1947, which puts me on the leading edge of the boomer generation.
I never voted for Blackie, and I sure as hell didn’t vote for Marx Carnage. My MP is a Conservative, and was handily reelected (Michael Chong).
I am seriously considering selling up and moving to Alberta if there is a chance they will separate. I know which side of the fence I want to live out my days.
I am sure there are many boomers in AB & SK, and we know how they vote. So cut the stereotyping.
I think minority govt makes the home equity tax impossible. Part of me wants to see it come in as it would finally red pill a huge part of the population. The downside is i dont think the faux conservatives would campaign on repealing it
Here is where I remind you all how I went FULL CONTRARIAN against the pre-meditated TDS Trump Tariff Tantrum stock market selloff a month ago. I told you I was HARD BUYING the dip … the single greatest stock market buying opportunity since the COVID plunge. I dollar cost averaged the THREE DAYS of BIG dips … one after another.
I have never made so much $$ … so FAST in the stock market!! Woo hoo!! And the market is up bigly AGAIN today on a positive jobs report. Thank you TDS institutional investors! You showed Trump! You took profits … AND … made Trump despised by the Investor class all at once. Oops. But now … you’re all PANIC BUYING back into the market lest you LOSE all the profits you just took.
What I’ve learned about the stock market … is that it’s LESS about business fundamentals … and almost entirely driven by “sentiment”. The selloff sentiment was FAKE. It was premeditated TDS. And now sanity has returned to the market.
Glad for you. But you forget, we are so overtaxed in Canada that we don’t have any money left over to buy the dip. We can hardly buy Kraft Dinner.
I had a little cash parked … and so I was able to take full advantage of the contrived, fake, Trump tariff Tantrum thrown by the leftist FOOLS. It’s all theatre. That’s how the left operates … political theatre. They contrived a stock market selloff to BLAME Trump and make people HATE him for not toeing the globalist line.
I moved some money around to my advantage. The next 6 months will, I expect, be amazing for US stocks.