They can no longer Hide it. They can't even justify it. All that's left to do is creatively avoiding admitting it.
pic related: mechanically tenderized costco steak from southwestern ontario. a map with distance to US border has been included.
soon the mentally disturbed leafs will be saying how they like canadian bugs more than beef or chicken - which they cannot afford. once bugs become the same price per kg as chicken you'll see it on here.
>they are all chemicals and antibiotics. who wants to eat a puss-filled american steak. canadian bugs are crunchy, free range and raised on whole grains. >american steak not even once
Now that the CAD is even lower than the USD and the prices have remained the same?
John Barnes
Trudeau kidnapped the Huawei princess and China crashed the Canadian dollar on Christmas as a fuck you
You will not find 1 story in the MSM because Trudeau ordered a black out. Remember Trudeau controls the media in Canada now after he bought them with $600M+
>Trudeau kidnapped the Huawei princess and China crashed the Canadian dollar on Christmas as a fuck you >You will not find 1 story in the MSM because Trudeau ordered a black out. Remember Trudeau controls the media in Canada now after he bought them with $600M+
>Huawei C.F.O. Is Arrested in Canada for Extradition to the U.S.
Dec. 5, 2018
SAN FRANCISCO — A top executive and daughter of the founder of the Chinese tech giant Huawei was arrested on >Saturday in Canada at the request of the United States, in a move likely to escalate tensions between the two countries at a delicate moment.
The arrest of Meng Wanzhou, the chief financial officer, unfolded on the same night that President Trump and President Xi Jinping of China dined together in Buenos Aires and agreed to a 90-day trade truce. The two countries are set to begin tense negotiations in hopes of ending a trade war that has been pummeling both economies.
Those talks now face an even steeper challenge. The aim will be for the United States to ease its tariffs; in exchange, China will be expected to lower trade barriers and further open its markets to American businesses.
What’s more, Ms. Meng’s detention raises questions about the Trump administration’s overall China strategy. Beijing is now likely to pressure Canada to release her and to press the United States to avoid a trial.
“The arrest of a family member linked to Huawei’s founder indicates how the tension between the two sides is rapidly escalating,” said T.J. Pempel, a professor of political science at the University of California, Berkeley, who specializes in East Asian politics and economy.
Ireland has third-highest government debt per capita, behind only Japan and US
It’s the poster boy for Europe; the former “PIIG” which shrugged off the shackles of austerity and returned to economic growth, slashing its sovereign debt in the process.
And yet if this is so, then why does Ireland continue to carry a shocking level of debt per person, the highest in Europe and the third highest out of 49 countries worldwide?
As KBC Bank chief economist Austin Hughes sees it, it’s a bit of a case of “lies, damned lies and statistics”.
On the one hand, our debt is shrinking: from a peak of about €225 billion back in 2012-2013, debt has fallen back to about €200 billion. This means Ireland has the 25th highest level of debt of any country in the world, according to figures compiled by Bloomberg, with total outstanding sovereign debt of $223.9 billion. This puts it far behind the United States ($16.2 trillion); Japan ($10 trillion); China and the UK ($2.7 trillion). It is also lower than Greece ($339.7 billion) and Portugal ($258.7 billion).
“We’re one of the few countries where debt has started to ease, partly because bank-related debts are unwinding,” says Hughes. Debt-to-GDP ratio
Moreover the debt-to-GDP ratio, the typical metric to determine whether debt is sustainable – tracking, as it does, a country’s debt to its income – is also slumping, down to 77.9 per cent from a high of 125 per cent reached in June 2013, and is forecast to fall to 76 by year end.
Aiden Rogers
Not only that, but Minister for Finance Michael Noonan has set a new target of 45 per cent to be reached by the mid-2020s, far below the 60 per cent range set out by the European Union. In Greece, on the other hand, the debt-to-GDP ratio is of the order of 177 per cent, and after a period of reduction is forecast to escalate thereafter.
Why, then, when we look at debt on a per-capita basis, is it still so high? Per person, the Irish are right up the top of the leaderboard, with government debt per person of $45,941 (€43,230) as of March 1st, behind only Japan ($80,465) and the US ($48,203).
In Greece, where the International Monetary Fund recently warned that the country’s debts were on an “explosive” path, the burden is just $31,797 per person. At the other end of the scale, Australia, Luxembourg and New Zealand all have debt levels of less than $20,000 per person.
Wyatt Price
Solution: start producing your own meat instead of kosher meat.
Isaac Morris
Multinational activity
The reason perhaps, comes down to how our GDP figure is collated. As was highlighted last year amid talk of “leprechaun economics”, the transfer of intellectual property rights and the level of multinational activity in Ireland flatters the level of economic activity.
This means that while there undoubtedly has been an improvement in Ireland’s debt burden, it is “altogether less spectacular” than the debt-to-GDP ratio might indicate – hence a higher debt per capita figure than might be expected.
“The improvement is real, but the scale of improvement is exaggerated,” Hughes says, adding: “There is that sense of ‘We had a crisis and now it’s gone away’, but these numbers clearly indicate it hasn’t gone away; it has eased, but there are still vulnerabilities in the economy.”
Indeed, as Hughes notes, the risks our debt burden poses come on two fronts: if interest rates were to rise substantially it would increase the cost of servicing this debt; while if the level of GDP growth is diminished this could sharply increase the aforementioned debt-to-GDP ratio.
A hefty debt burden does not mean, however, that it should not rise once more.
“Once there is an economic and social return on that debt, the reality is you can argue for a lot of areas of public investment,” says Hughes. “An increase in debt is reasonable provided it’s sustainable.”
So, like the consumer taking out a loan to further their education, perhaps compared with a credit-card debt for a holiday, there can be “good” and “bad” government debt too.
Look, I live just right across the border from B.C. Can literally see Canada from my front porch. This shit is freaking me out. I've got a failed state full of heroin addicts and hordes or insectoid chinks in my front yard. When shtf they are going to invade and it'll be my ass on the front lines. I've been stockpiling arms and ammo for when the day comes but I know it's futile and I'll be overrun but at least I'll be able to slow them down enough for you guys to get your shit together.
Brody Kelly
>SEETHING Candian
Nice try potato fucker .
You have more debt than the Greeks .
Household debt It’s not just government debt that the Irish risk being suffocated by: household debt, while still improving, is also high by European averages, at €31,096 per capita.
Although the most recent figures from the Central Bank, for February, show Irish households reduced debt as a proportion of income more than any country in the European Union over the previous 12 months, Irish consumers continue to be the fourth most indebted in the bloc, with a debt-to-disposable-income ratio of 144.8 per cent. This compares with 223.3 per cent for the Danes, the most indebted country in the EU, and less than 100 per cent in Spain, Greece, France, Germany and Italy.
Chuckeye is like the best kept secret in the meat section. Buy it every time you see it and pan sear it, it tastes almost identical to ribeye for half the price.
Isaiah Young
Wait hold on what the fuck is this about leafs eating bugs? I thought it was the other way around? Is there a meme in this?
Mason Bailey
COPE
Lucas Williams
Canadian produce is also expensive. Post a three pack of bell peppers. I dare you. You already know the rules.
Jaxon Reyes
why do people indulge this mentally ill poster and keep participating in his threads?
>Canada’s household debt levels are the highest in the world
Household debt levels in Canada are the highest in the world, making the country more vulnerable to an economic shock, according to a new report.
The warning from the OECD came in a report on economic growth which highlighted concerns over the levels of household debt in both advanced and emerging economies.
Consumer debt tops 100% of GDP in Canada, while the level of debt expressed as a percentage of GDP stands at above 80% in both South Korea and the UK.
High levels of household debt prolonged the 2008 financial crisis, while the house-price bubble was a major contributing factor in the destabilization of the banking sector.
And that was 1 year ago. Leaf debt has increased since then while the economy has shrunk severely as leaf oil was trading below $10/bbl for half the year
Are there any news articles or proof anyone in Canada actually cares? So far the only people I've seen bitching about food prices has been on Jow Forums.
Jonathan Price
The CBC is indoctrinating children that eating insects is cool and diverse
When you make $3.25 CDN an hour 20 hours per week as a failed plumber in Pooland you make threads like this.
When you don't, and you can afford to eat in Canada, you don't make threads like this.
Zachary Price
>this thread again Who is paying for this shill psy op? What do they have to gain?
Cameron Cox
the entire media in canada works for the government
Hudson Hill
Not just food. Its currently 3.8 cents for a kajigger of gasoline
Nathan Walker
So anyone wanna predict when Canada goes full Venezuela?
Best of luck user. Of course, they are going to invade the west coast first. Hahah...oh god Canadian refugees. As if this shit show couldn't get any worse. California is bad enough and is a plague turning other states blue after ruining their old one. Last thing we need is a bunch of fucking Canadians with the exact same philosophy. You just know the Democrats are going to LOVE accepting all those enriched voters who destroyed Canada.
Fuck. As if Texas and Florida turning blue weren't bad enough.
>if you say something a lot you're a shill! go away newfag
Tyler White
Lots of rocks, lobsters, and plenty of water table to go around. IDK, I've never been to bumfuck Maine before but the one person I knew from there had a bunch of heroin addicts in their family. Sounds comfy. Your best bet is BC, CAN if you like NW.
Market News Is Canada’s multi-trillion-dollar household debt tally even a problem?
ising household debt levels in Canada have triggered worries, but a new report suggests the situation is “overblown.”
“The concerns about household debt fail to account for the other side of the balance sheet — household assets, which rise over the family life-cycle,” writes Livio Di Matteo, a senior fellow at the Fraser Institute, in his report titled Household Debt and Government Debt in Canada.
Di Matteo, also an economics professor at Lakehead University, adds that although household debt soared past the $2 trillion mark in 2016, Canadian household assets totalled $12.3 trillion at the same time.
Real estate can be linked to a large share of that debt — mortgages account for two thirds of the more than $2 trillion worth of Canadian household debt — but it’s also an asset that appreciates. Other appreciating assets on the balance sheet include pensions, businesses and financial investments.
“The significant investment in assets has meant that household net worth (which is total assets minus liabilities) has surged,” Di Matteo says. Last year Canadian household net worth equalled $10.3 trillion, he continues in his report for the Fraser Institute, a Canadian non-partisan think tank.
Low interest rates have encouraged borrowing, and Di Matteo doesn’t deny certain scenarios could mean trouble for Canadians who have taken on too much debt in a low-rate environment.
“There are some risks to the situation, especially about the ability to carry large amounts of debt should the economy experience a downturn as well as the potential for future increases in interest rates,” Di Matteo explains in his report for the Fraser Institute.
Dominic Morgan
>42.99/kg What does that translate to in burgerbucks-per-pound? For christmas I bought a beef tenderloin for $8/lb, and that's high-end.
All Canadian banks went bankrupt and stopped marking their books in 2008.
They had to beg the Fed to bail them out. The US Fed stopped Canada from collapsing in 2008. Canada's TARP equivalent was 50% more than the $700B US banks got.
Canadians’ ability to repay debt has come to the fore again as the Bank of Canada this month hiked its overnight interest rate for the first time in seven years — and Canadian banks followed swiftly with higher mortgage rates.
Now the overnight rate rests at 0.75 per cent, up from the previous rate of 0.5 per cent. But it still remains historically low: the rate was close to 13 per cent in 1990, according to the report.
And as a result of low rates, as little as 6 per cent of household disposable income was recently going towards debt, versus nearly 11 per cent in 1990.
“The drop in interest rates has reduced the burden of servicing debt despite growing household debt,” Di Matteo points out.
Carson Moore
wow you mean to say you import millions of third worlders and the result is your country becomes a third world country? fuck me who wouldve thought
I spoke to a old man a couple of years ago, he migrated to Canada but was here on vacation. He left to Canada because of his mother, he couldnt stand her apearently. He told me what he missed most from Holland was the fresh vegetables and goods, he told me everything wqas canned or frozen and expensive.
Chase Allen
Many observers are calling for another Bank of Canada rate hike before the end of the year, but even amid sharp rate spikes, Di Matteo notes how many households have some insulation from possible negative effects.
“While interest rate spikes can have detrimental impacts on both government and household debt, it remains that the latter often has a substantial cushion of assets to draw down upon,” Di Matteo continues.
The report also notes how the household-debt situation in Canada is far from unique. “Rising household debt is also an international phenomenon,” it reads.
Looking at 27 OECD countries, Canada placed eighth in terms of how much of a share of net disposable income gross household debt accounts for as of 2015.
In Canada, that share was 103 per cent, compared to the high in Denmark of 292 per cent and Hungary’s low of 47 per cent.
Since 1995, growth to Canada’s ratio puts it 14th out of the 27 OECD countries compared on these terms.
The Fraser Institute report takes some of the punch out of headlines declaring household debt has reached record levels — like this one and this one — as well.
That fact, writes Di Matteo, “has been true for every year but one over the last half century.”
Lincoln Evans
Daily reminder that these threads are started and maintained by a raging Polish refugee. His name is Stefan Janosz His family escaped Poland in 1989 and came to Canada. They settled in Toronto. His family did not receive refugee benefits. Stefan was born in 1995. He has never held a job. He lives in a 1 bedroom apartment paid for by his aging parents. Stefan was accepted to the University of Toronto in 2012 for Psychology. He dropped out in 2014.
Aiden Morales
$19.54/lbs.
Angel Howard
I don't want to be utterly SURROUNDED by 3rd world countries. I can help you, Canada, but you need to denounce socialism
Nathan Cook
>All Canadian banks went bankrupt and stopped marking their books in 2008. >They had to beg the Fed to bail them out. The US Fed stopped Canada from collapsing in 2008. Canada's TARP equivalent was 50% more than the $700B US banks got.
In Canada the banking system was ... a system of large financial institutions whose size and diversification enhanced their robustness.
When European and North American banks teetered on the brink of meltdown in 2008, requiring bailouts and extraordinary central bank intervention, Canadian banks escaped relatively unscathed. History explains why, according to co-authors Michael Bordo, Angela Redish, and Hugh Rockoff in Why Didn't Canada Have a Banking Crisis in 2008 (or in 1930, or 1907, or ...)? (NBER Working Paper No. 17312). Starting in the nineteenth century, Canada and the United States took divergent paths: Canada set up a concentrated banking system that controlled mortgage lending and investment banking under the watchful eye of a single, strong regulator. The United States allowed a weak, fragmented system to develop, with far more small (and less stable) banks, along with a shadow banking system of less-regulated securities markets, investment banks, and money market funds overseen by a group of competing regulators.
"[T]he stability of the Canadian banking system is not a one-off event," the authors note. "In Canada the banking system was created as a system of large financial institutions whose size and diversification enhanced their robustness.... In the [United States] the fragmented nature of the banking system created financial institutions that were small and fragile. In response the [United States] developed strong financial markets and a labyrinthine set of regulations for financial institutions."
Easton Gutierrez
The contrast is striking. While in 2008 and 2009 the United States experienced bank failures, bailouts, and the worst recession since the 1930s, Canada had no bank failures, no bailouts, and its recession was less severe than either that of the early 1980s or early 1990s. Long before 2008 in the United States, there were the failures of the private investment bank Jay Cooke and Co. (the 1873 crisis), the Knickerbocker Trust (the 1907 panic), and the runs on banks that deepened the Great Depression. Although Canada's economy suffered a collapse equally as dramatic as America's in the 1930s, not one of its banks failed.
"The twin weaknesses of the American financial system -- a commercial banking system divided along state lines and volatile financial markets in which a 'shadow banking system' of unregulated or lightly regulated investment banks and other financial intermediaries participated -- produced a series of financial panics," the authors write. "There were major banking panics in 1837, 1857, 1873, 1893, and 1907, and minor panics in 1839, 1884, and 1890."
Luis King
im not polish
Dylan Peterson
One important factor, the authors argue, is that from the outset Canada's federal government had the authority to charter and regulate banks while the U.S. Constitution did not specifically reserve that power for the federal government. That led to constitutional disputes, an on-again-off-again national bank, and a dual system of federal- and state-chartered banks that were smaller, geographically confined, and thus more exposed to local economic conditions. The inherent weakness of the banks led to the development of stock and other securities markets that were far more robust than Canada's and to the rise of other intermediaries -- the so-called shadow banking system -- that were overseen by a patchwork of regulators.
Leo Sanders
Financial crises, particularly the Great Depression, spurred reforms to strengthen regulation. In the 1930s, the government created federal deposit insurance, the Securities and Exchange Commission to regulate securities markets, and stricter bank rules encompassed in the Glass-Steagall Act, which among other things separated commercial from investment banking.
For more than a century, the Canadian system has proven itself far more stable than its U.S. counterpart, the authors conclude. "[B]ut there is a caveat to keep in mind: greater stability may have come at a cost. A more concentrated and regulated financial system may have been slower to innovate, may have been slower to invest in emerging sectors, and may have provided services at monopoly prices."
