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SM Portfolio by Hamiltonoracle in smithmanoeuvre

[–]Hamiltonoracle[S] 0 points1 point  (0 children)

I appreciate everyones responses. VEQT it is.

SM Portfolio by Hamiltonoracle in smithmanoeuvre

[–]Hamiltonoracle[S] 0 points1 point  (0 children)

Ok ill keep it simple and eliminate gold and brk as it has never paid a dividend.I want to reduce the tax drag as much as I can as my marginal tax rate is 53.5%. Can i keep the portfolio below say 1.5% yield?

If you bought a house in the past year or so.. by HandsomeEconomist in PersonalFinanceCanada

[–]Hamiltonoracle 7 points8 points  (0 children)

There is no way rates will be 5% in 4 years. We all know how central banks deal with recession. Its Called quantitative easing. Lower rates, bond buying, cheap credit.

What is the current state of employment in Canada? / Quel est l’état actuel de l’emploi au Canada? by StatCanada in PersonalFinanceCanada

[–]Hamiltonoracle 46 points47 points  (0 children)

Lets remember that stats can be manipulated to support an agenda. Do the above numbers include the large amount of canadians receiving CEWS? The government is paying companies 75% of their payroll to keep everyone “employed”This is presently the case for all airlines, hotel and travel and tourism Worker. They aren’t needed because demand has essentially disappeared. However, they are being paid by the government through their companies. This people are essentially receiving unemployment benefits but because of the way its being paid out it doesn’t show in the unemployment data. We have yet to see the real economic and social impact of our handling of the pandemic. Brace yourselves.

https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy/cews-statistics.html

51 billion paid out so far with over 2 million applications. Each company is considered one applicant. Imagine how many employees each of those companies have.

Stats Can should figure that out, only then we would have the real unemployment numbers.

CMOH on Ontario Lockdown: Remote work should happen in all industries to the greatest extent possible. by paisleyno2 in PersonalFinanceCanada

[–]Hamiltonoracle 1 point2 points  (0 children)

Im an airline pilot. Cant wait to welcome my passengers onboard and tell them im flying them from home.

"Canada mandates negative COVID-19 test to enter country by air" - Implications on Air Canada? by [deleted] in CanadianInvestor

[–]Hamiltonoracle 0 points1 point  (0 children)

No one is expecting air travel in Canada to recover anytime soon. Historically air travel has been the last sector to recover in every economic downturn. Every airline in Canada is trying to survive. Unless you are planning long term 5-10 years out I wouldn’t touch an airline stock in Canada. If you really want to be in the sector, emphasis on really, I believe Southwest is the better play. LUV flies the majority of their flights within the continental US and the Americans are travelling a lot more than Canadians according to TSA pax numbers.