Turbo Bust?

With Canadian housing prices as high as they are, the last thing anyone needs is another round of “turbocharging”.

But then again, with the unemployment rate in Toronto sitting at 8.7%, it’s only matter of time until interest rates go back to zero so we can jump start an economy in which everyone just builds houses for everyone else.

The Bank of Canada needs to cut interest rates to get housing activity moving again or risk Canada’s economic growth, economists warn.

But two economists also think interest rates remain too high to turbocharge the sector, which is a major contributor to Canada’s economy and also highly sensitive to interest rates.

 

Great Success!

Sun- Liberal spending on climate change has been a $200-billion disaster

To cite just one example of what’s been going on, an investigation last year by auditor general Karen Hogan of the now-disbanded, $1-billion Sustainable Development Technology Fund, which audited just a sampling of the projects it funded, found 90 cases where conflict-of-interest rules were not followed in awarding $76 million worth of government contracts and 10 cases where $56 million was awarded to ineligible projects.

“Safe” Bets?

As Heresy Financial podcaster Joseph Brown explains, in order to understand the current stock market troubles you have to look beyond tariffs.

“…when markets start to crash, you don’t sell what you want, but what you can. And during this recent stock market crash hedge funds have been absolutely dumping stocks but it seems like it’s just not enough which is why they’ve been forced to get out of the basis trade and dumping their treasuries which has been driving yields much higher…”

Wednesday On Turtle Island

Woke America:  The truth about Trump’s tariffs.  Partisan actors terminated in the military.  A big lie.

Great Leader Kim Sung Carney’s Canada:  Socialist dirty tricks.  Carney’s star Liberal candidate. A chronic pattern.  Another “Elbows Up” China Liberal candidate.

Stories You Won’t Find At The CBC:  A German government from hell.  Happy Nepali New Year.  A book review.  Wildfires in Scotland.  A nappy fetishist.

And at the Bee.

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