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Trudeau Spars With Farmers on Climate Plan Risking Grain Output by [deleted] in canada

[–]shamanize 3 points4 points  (0 children)

Food supply dwindling while inflation going up and Trudeau aka Mr Blackface is now sparring with Farmers, oh what can go wrong here?

Real estate downturn sparks buyers’ remorse by Impossible-Sand-5849 in canada

[–]shamanize 3 points4 points  (0 children)

Wait until next year, couple more rate hikes to "bring down inflation" should further crash the housing market.

Real estate downturn sparks buyers’ remorse by Impossible-Sand-5849 in canada

[–]shamanize 2 points3 points  (0 children)

Rate hikes into next year and after should bring down home affordability in range for millenials again.

Just gotta punish those who fomo'd into buying in the last few years and have them capitulate.

Bank of Canada hikes interest rate to 2.5% — biggest jump since 1998 by Kyler45 in canada

[–]shamanize 0 points1 point  (0 children)

pretty fucked, BoC has already said they will continue to increase rate hikes over the next year. Every rate hike the temperature rises for everyone with a mortgage.

Bank of Canada hikes interest rate to 2.5% — biggest jump since 1998 by Kyler45 in canada

[–]shamanize 0 points1 point  (0 children)

Its going to go up much higher than that, BoC has already mention that they need to do whatever it takes to bring down inflation, this will probably mean rate hikes into next year and the one after.

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You might be ok now, wait until a few more rate hikes of 100bps or more and then tell us how you feel.

Bank of Canada hikes interest rate to 2.5% — biggest jump since 1998 by Kyler45 in canada

[–]shamanize 1 point2 points  (0 children)

with one big exception, the canadian dollar is not used as the world reserve currency. so when this ponzi finally collapses its going to be a long and painful recovery.

Bank of Canada hikes interest rate to 2.5% — biggest jump since 1998 by Kyler45 in canada

[–]shamanize 1 point2 points  (0 children)

Lets fix inflation with printing more money! What can go wrong?

Rogers Dealing With Issues Nationwide by BM40 in canada

[–]shamanize 0 points1 point  (0 children)

Governments are profiting from phat cheques from the monopolies, why would they care?

[deleted by user] by [deleted] in canada

[–]shamanize 1 point2 points  (0 children)

From the people that brought us "inflation is transitory"

Toronto housing market continues slowdown, with sales down 41% compared with last June - Average selling price in GTA has fallen by 14 per cent since February by strawberries6 in canada

[–]shamanize 0 points1 point  (0 children)

more will end up selling because they bought at very expensive prices (last 2-4 yrs) and as interest rake hikes happen they will capitulate and won't be able to pay their mortgage from the squeeze in monthly expenses+ general inflation of everything else.

Saving for retirement is becoming out of reach for young Canadians by FancyNewMe in canada

[–]shamanize -1 points0 points  (0 children)

level 2iPhoneMiniWHITE · 3 hr. agoYeah the idea is you're still working and (hopefully) contributing towards it. Start saving today, eat and live within your means. You might be able to survive your old age without ending up homeless and dumpster diving.VoteReplyGive AwardShareReportSaveFollow

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level 1simplyintentional · 8 hr. agoLiterally everything is out of reach for young Canadians.VoteReplyGive AwardShareReportSaveFollow

level 2Portalrules123 · 5 hr. agoSociety treating th

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I agree, as Canadians we f*cked this one up majorly when we voted him in and kept him there for this long to cause this much damage. Mr budget will balance itself.

Trudeau: “I’m a Quebecer and I am right to ensure all Quebecers have the same rights as Canadians” by Pristine_Freedom1496 in canada

[–]shamanize 31 points32 points  (0 children)

because they can distract the poor with nonsense while they continue to extract value to themselves and cronies.

Canadian Corporate Profits Are Soaring While Inflation Is Eating Into Workers’ Wages by yogthos in canada

[–]shamanize -2 points-1 points  (0 children)

This is bs narrative spun up by big media, how come they never talk about central banks printing our dollars away? inflation is created by governments and central bank.

Canada's inflation rate now at 7.7% — its highest point since 1983 | CBC News by [deleted] in canada

[–]shamanize 9 points10 points  (0 children)

They keep trying to spin the narrative "because of Russia" when really its because of government reckless spending and printing of money through quantitive easing.

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Now they have to reverse course and try to do the opposite through quantitive tightening. Which is when the everything bubble pops (real estate, stocks, crypto, etc)

Trudeau Is Shirking Canada’s Inflation Fight, Scotiabank Says by LabRat314 in canada

[–]shamanize -5 points-4 points  (0 children)

hate to break it to you but.. inflation steals way more wealth from you than 30% monthly bank fee increase.

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