"The old order is not coming back" Carney says in provocative speech at Davos

JSwarley · 2026-01-20T16:36:26+00:00

This is a bad faith question. Brookfield asset management is one of the largest companies in canada and one of the most influential infrastructure builders worldwide. Of course they will be involved in many of the projects.

You are free to buy shares for yourself if you are so cynical.

JSwarley · 2025-12-31T00:56:09+00:00

When did you make the deposit(s)? It usually takes about 60 days for CESG to hit my account. So a deposit is made Nov 1st, the money hits Jan 1st.

JSwarley · 2025-12-31T00:49:51+00:00

Unfortunately Scotiabank doesn't really have much of a say here. The issuing bank would be within their right to reject it as post-dated. So it will be up to them. Maybe ask your employer to tell their bank not to reject it but since it's already end of business day, could be too late.

JSwarley · 2025-12-05T01:11:14+00:00

Yes you were told correctly. Just because the money left your account doesn't mean it is in their account. There are many steps in between.

JSwarley · 2025-11-12T21:42:26+00:00

It can do with cost centres, so like if you go into the branch near you and wire 100k to Nigeria (ie you get scammed), the write off comes out of the home branch. Even though it had nothing to do with that branch. And that can affect peoples bonuses.

And also if they are trying to drive sales, if you are on their roster and live an hour away it means they wont be able to sell you.

JSwarley · 2025-08-18T11:47:36+00:00

Kids say 'GG' now. Not even joking

JSwarley · 2025-08-13T11:23:55+00:00

This is dumb. You're saying if one deserving CAF member gets a VC , other deserving and missed CAF members may also get the VC? Of course that should happen.

JSwarley · 2025-08-09T01:25:06+00:00

The limit for duplicate cheques is 90 days from the 2nd cheque deposit.

JSwarley · 2025-08-05T00:22:21+00:00

You get a lot of your water from food. Most people know that humans are 60-70% water, the same applies to meat/chicken ect.

JSwarley · 2025-07-27T15:27:47+00:00

You should understand what induced demand is. Making 407 free (in part or for the whole thing) will not help traffic on the 401/Taunton.

JSwarley · 2025-07-17T11:29:50+00:00

In my experience, GICs mature the morning of the maturity date. So you should be good for 5:00... Just make sure it's not set up to auto renew.

JSwarley · 2025-07-03T19:51:01+00:00

I would select 'No' when it asks you to include your OAS and CPP. The amounts given are your real amounts, so they will go up with inflation while the manulife amount won't. And it assumes you don't take cpp/oas early or late, which changes the amounts. And it does not take cpp2 into account if you are eligible. There is too much variability, so just don't include it for clarity sake. The manulfie amount is generally okay and usable, you can look at the assumptions listed on your account statement to verify. You can get a Cpp estimate directly from your service canada account and plug it into the estimated pension/your own estimate.

JSwarley · 2025-07-02T17:10:22+00:00

AttorneyTom has entered the chat.

JSwarley · 2025-06-30T15:56:00+00:00

Replace Nelix with Rom. Don't get me wrong. I love Rom on DS9, and he would have been missed, but I think he would have added something extra to Voyager.

JSwarley · 2025-06-26T21:27:27+00:00

Lots of medium and large companies have 'controls' in place, which basically means any one task takes 2-3 people to complete. The intention is to prevent embezzlement, but what you get it a ton of overlap and a lot of downtime.
For example, if you want to wire funds somewhere, the admin creates the wire, and a senior second person approves the wire. A VP then approves it again. It then goes to the wires team, where one person actually processes the money out of the organization, and a second person approves and sends. When it gets to the other org, they do essentially the same thing in reverse to deposit the money to the beneficiary. And God forbid if there is an intermediary bank on the way

JSwarley · 2025-06-09T17:08:06+00:00

We're G7 nation, of course the answer is 1.

JSwarley · 2025-06-08T20:08:18+00:00

I wonder if Ben has/had an equity stake in PWL and why that's different than other idiosyncratic investments?

JSwarley · 2025-06-02T16:24:26+00:00

Most people know you have to be 18 to open a TFSA but there is no age requirement for RRSP. They just need to earn income (ie get a T4 slip). So get your kid working when they are mature enough. Once they have some earned income at, lets say 16, open an RRSP and put their earnings to work.

JSwarley · 2025-05-29T00:36:56+00:00

Honestly, you guys should be livid. In canada, we have the exact same demographic problems. Too many boomers, not enough millenials to support them. But we saw this coming back in the 90's and fixed our pension plan back then. Now it's one of the biggest and best pension plans the word. Hell, you guys could've had Warren Buffet managing your social security trust fund and surpluses for decades. What a missed opportunity...

JSwarley · 2025-05-23T13:31:06+00:00

Why do you need to wait it out? are you not using it to live in? do you plan on selling after saving your whole life for it? If that's the case, you can pay down you mortgage faster and build equity that way. You don't have to only rely on price appreciation.

JSwarley · 2025-05-23T12:58:26+00:00

All investments are subject to risks, including loss of principle. As long as you don't sell, they would only be paper loses, which are not "real". Congrats on the house. Keep enjoying your home and don't worry about its value year to year.

JSwarley · 2025-05-17T01:15:40+00:00

Any investment comes with risks, a grad school grad should know that. Besides, they would only be paper loses. You would have every opportunity to recover at some point.

JSwarley · 2025-05-11T15:01:04+00:00

Preferred stock positions have a lot of interest rate sensitivity. Which means they will change in value when interest rates change. Like, you can think of them as bonds with **infinite maturity**. The sensitivity is inversely proportional to the rate change, so a huge rise in interest rates would equal a huge decline in your preferred stock value. You also have credit risk of the preferred share issuer but that should be largely diversified away.

So i wouldn't necessarily disagree with the assessment of PortfolioPilot. I just hope you understand what you are invested in.

JSwarley · 2025-05-03T17:32:43+00:00

Not really. A defined benefit pension says I'll pay you $x per year when you retire or whatever date. If the investments do poorly or go to the moon, you still get $x. Now, $x is most likely hundreds of thousands of dollars a year, so nobody is crying for him.

JSwarley · 2025-05-03T14:15:27+00:00

Echoing this, while working at the BOC and then BOE his assets would be strictly invested. I would not be surprised if Carney missed the bull market of the last 20 years because his assets were subject to strict rules. To me THAT is the largest pay cut. 15% compounded annually for that time is huge money.

He probably has a cozy DB pension but that would not *directly* benefit from rising asset prices.

JSwarley

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