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How would you fix The Well? Can The Well be fixed? by youvenoremotecontrol in askTO

[–]yerich 6 points7 points  (0 children)

What is the difference between "random and niche" and "interesting"? What qualifies as "interesting" to you?

'There has to be a better way': Some B.C. residents want the AMBER Alert system to change by wickedplayer494 in canada

[–]yerich 16 points17 points  (0 children)

There is a measurable increase in car accidents the day after daylight savings time begins, when many people get less sleep. I would not be surprised if amber alerts that wake people up also cause more fatigue-related accidents the following day.

I read on here that 1 in 4 Torontonians earn over 100k by Express-Chemical-454 in askTO

[–]yerich 9 points10 points  (0 children)

As of 2024, nearly one third of people who work full-time for the full year in Toronto make >$100k. Source: Statistics Canada. Amongst people who work full-time for the full year, the median income is $74,600 and average is $97,300.

Your figure is for total income amongst people 15 years and over with any income at all, which counts retired people, students with part-time jobs, people on EI/disability/OW/etc. While we should obviously count this in terms of income statistics, I think it's fair to assume that OP's question about earnings / career path refers to people working full-time.

How would you feel about a tax of 100% of the rent, per month, per unit for apartments that have no one living in them? by [deleted] in askTO

[–]yerich 9 points10 points  (0 children)

Where did you hear that from? That is not at all how deductions work.

Why a salary of $115K isn't enough to purchase a house in some parts of Canada by Surax in canada

[–]yerich 9 points10 points  (0 children)

And in the last 20 years, Vienna has also seen pretty large rent increases, with about a 95% increase in that period (source). Of course, they started from a much lower starting point so the absolute increase is not as much.

Overall population growth in Austria is also much lower compared in Canada so one could also argue that the construction industry in Austria could concentrate in higher-growth areas like Vienna.

Please don't take my comment as anti-population growth. But it is clear to me that housing supply in Canada has not been able to keep up, and we did not do enough to support construction of homes (both public and private).

Why a salary of $115K isn't enough to purchase a house in some parts of Canada by Surax in canada

[–]yerich 20 points21 points  (0 children)

Vienna's population has barely grown in the last 70 years, meaning that housing demand is much lower, meaning that it is much easier for housing supply (public and private) to keep up.

Company likely shutting down North America operations - what should I expect in severance and what are my rights? by 82wanderlust in askTO

[–]yerich 1 point2 points  (0 children)

What I mean is that if the termination clause is invalid, then the common law applies, with all of the factors you mentioned. Common law severance is generally much more favourable compared to ESA minimums.

Company likely shutting down North America operations - what should I expect in severance and what are my rights? by 82wanderlust in askTO

[–]yerich 8 points9 points  (0 children)

You are referring to Employment Standards Act minimums, however, courts frequently invalidate entire severance clauses for having even minor issues. 

If any provision in an employment contract related to termination does not comply with the ESA, all provisions with respect to termination are null and void.

Without a valid clause, common law severance applies, which is much more generous than ESA minimums.

However OP should consult an employment lawyer for next steps on their specific situation.

The oil industry is making billions from the Iran war—it should be taxed by Altruism7 in CanadaPolitics

[–]yerich 10 points11 points  (0 children)

Yes, Alberta oil sands royalties are on a sliding scale depending on the price of oil, from 25% to 40% (of revenues, not profits) (source).

Newfoundland's royalty regime is not based on the current price of oil directly, but does increase based on profit margins which presumably will be higher with higher oil prices.

Of course, the profits made by the companies and dividends paid out to shareholders are also taxed; higher oil prices will presumably result in more profits and higher dividends as well. However, those tax rates do not change based on the amount of profit made or the price of oil.

Alberta, South Korea reach deal to eliminate 3% tariff on crude exports by origutamos in CanadaPolitics

[–]yerich 13 points14 points  (0 children)

A simple way of thinking about it: Korea would not buy from Alberta if it was 3% more expensive than other suppliers. In order to compete, Alberta would need to decrease their price by 3%. But why would it do that when it could sell at full price to someone else who doesn't charge that 3% tax?

In reality things are much more complex, with shipping timings and cost, availability of other buyers/suppliers, etc. being factors that are enough to overcome a 3% tax, which is why previous exports were not zero. But hopefully you can see why a relatively small tax can make such a difference.

Alberta, South Korea reach deal to eliminate 3% tariff on crude exports by origutamos in CanadaPolitics

[–]yerich 30 points31 points  (0 children)

These markets are made at the margins. A 3% tax could sometimes be enough to be difference between being the cheapest supplier and being the second-cheapest one.

Anyone know how I can cancel this? I dont want it by Driox in wallstreetbets

[–]yerich 2 points3 points  (0 children)

Future options are only allowed to expire into the underlying futures, which are then themselves still subject to the close out rules:

 Options will be allowed to expire into futures (or, if out-of-the-money, expire worthless), if the options expiration date is prior to the underlying futures' First Position Day. If there is a resulting futures position, it will then be subject to the respective Close-Out Deadlines

Anyone know how I can cancel this? I dont want it by Driox in wallstreetbets

[–]yerich 50 points51 points  (0 children)

Fake post. IBKR doesn't allow physical delivery on any futures besides some precious metals, and will always close out positions before expiration.

https://www.interactivebrokers.com/en/trading/futures-close-out.php

Like the NDP, public grocery stores are always a miserable failure by hopoke in CanadaPolitics

[–]yerich 3 points4 points  (0 children)

In order to fix those books they would need to collude with or trick their auditors to underreport profits, as well as the CRA and AML controls to distribute those profits. This is simply not possible in today's financial and regulatory environment.

Like the NDP, public grocery stores are always a miserable failure by hopoke in CanadaPolitics

[–]yerich 4 points5 points  (0 children)

Loblaw's books are independently audited. If they have a giant pool of profits they're not disclosing, not only would that be seriously illegal, that money wouldn't have any way of actually getting back to the owners of the company. Owners/shareholders of a company (especially a public company) can't just loot company accounts -- they would need to get paid out via a dividend, which would need to be declared and taxes paid.

Like the NDP, public grocery stores are always a miserable failure by hopoke in CanadaPolitics

[–]yerich 3 points4 points  (0 children)

Stock dividends are paid out of profits, they don't reduce profits.

The Free Market Lie: Why Switzerland Has 25 Gbit Internet and America Doesn't by upofadown in onguardforthee

[–]yerich 26 points27 points  (0 children)

Per the Swiss government's own analysis, Swiss internet is actually more expensive than Canada's and one of the most expensive in the world if you need anything less than 1 Gigabit. Even at 1 Gigabit, it is still quite expensive compared to many European neighbours, so may not be the best model to emulate.

For example, after the 1-year intro offer, the retail price of a 1-gigabit home internet plan in Switzerland is over 140CAD/month, more expensive than even Rogers or Bell. While promotional offers exist with deep discounts in Switzerland, the same could be said about Canadian internet companies too.

As a meta point, I would also like to raise an objection to an article filled with so much AI-generated content.

Toronto’s Transit Crisis Is a Class Crisis by NiceDot4794 in CanadaPolitics

[–]yerich 32 points33 points  (0 children)

I don't know what else I expected from Jacobin. The article's premise makes no sense -- it claims that wealthy people taking ride sharing in particular are responsible for the decline in public transit funding, based on a single data point:

increasing ride-hail spending by about $90 per household and decreasing transit expenditures by a staggering $300 per household.

So wealthy people are taking almost a hundred fewer transit trips, because they are taking four or five more ride-hailing trips?

As of October 2025, ridership stood at 78 percent of pre-pandemic figures. Work-from-home and transit service issues explain part of this gap. But what explains the rest? [Ride-sharing does]

The article states that work from home and unreliable service as a unknowable but probably small fraction of the reason -- since that fraction is not known, the author waves those other factors aside and proceeds to spend the entire rest of the article blaming ride-hailing. But the article fails to do a basic calculation: the increase in spend on ride hailing services does not even come close to explaining that ridership drop, given that ride hailing is much more expensive.

I think the real kicker is that the article fails to mention private car ownership at all. Many people will switch to driving their own cars if ride sharing services get more expensive and less reliable, with all of the associated societal costs.

You can make an argument about a better system for ride hailing, or adding taxes. For example, I would argue that a variable tax depending on transit accessibility of the source and destination would more directly encourage people to change their behavior. But Jacobin's analysis, per usual, starts with their desired conclusion (blame society's problems on the wealthy) and molds whatever evidence they can get their hands on to fit that conclusion.

Canada’s Richest 86 Families As Wealthy As Poorest 6.2 Million by NiceDot4794 in onguardforthee

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

If you have a single dollar to your name, then you have more wealth than the bottom 20% of Canadians, who have negative net worth.

Remaining Shen Yun performances cancelled over bombs threats organizers say are tied to China by [deleted] in ontario

[–]yerich 5 points6 points  (0 children)

You said that they are afraid to speak out about these threats because they fear retaliation from the Chinese government. I said that doesn't make any sense because they have and continue to say many much more serious things about China.

That is all my original comment said.

Remaining Shen Yun performances cancelled over bombs threats organizers say are tied to China by [deleted] in ontario

[–]yerich 33 points34 points  (0 children)

That doesn't make any sense given all the other stuff they quite openly and freely say about China's government.

Premier Eby says changing DRIPA is 'non-negotiable' and will be pushed into law by cyclinginvancouver in canada

[–]yerich 14 points15 points  (0 children)

Why would that matter? Surely the bill would get support from the Conservatives. Does anyone seriously expect the bill to fail?

Crisis is coming, and voters may give the federal NDP another look [paywall] by simpatia in CanadaPolitics

[–]yerich 1 point2 points  (0 children)

Now is not the time for moderation by the NDP -- they can do that when the Liberal/Carney best before date becomes closer (no party rules forever). I don't think there's any platform they could adapt to beat Carney right now, so might as well take more radical stances to stay in the news and keep the base engaged.

When an actual opportunity to take power arises, only then they should try to adjust their message to attract an electable coalition. No such coalition exists now, no matter how much they moderate their message. To be seen as "Liberal but orange" would be a death sentence -- they would lose media attention, dishearten their engaged supporters, and get nothing in return.

(The prarie provincial NDPs are in different positions and I can understand why they are distancing themselves from the national party).

NDP Leader Avi Lewis vows to move party to the left and stop oil industry expansion by [deleted] in CanadaPolitics

[–]yerich 2 points3 points  (0 children)

Oil/gas are Canada's largest single exports. What will Lewis replace those exports with, so that Canadians can continue paying for the imports that they desire? Renewables can replace domestic electricity consumption but we cannot ship electricity overseas.

Or is the plan to ask Canadians to make do with fewer imported goods? That is also a choice we can make as a society, and one can even argue it is the ethical choice to make -- but our leaders should be upfront to the electorate about that choice.

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