Meet the new boss, same as the old boss?

Well that was interesting, looks like we’re still not sure how that vote went.

If you know who our government is going to be made up of please let us know in the comments below.

And is there any difference when it comes to house prices?

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Yikes
Guest
Yikes

Uncertainty will ad to listings, end of corporate donations will lessen influence/ Ms Cristy is about to get her train tracks derailed, net negative for real estate. Watch listings uptick

KickThemOut
Member
KickThemOut

Bears hope springs eternal. Love it. No matter how badly and how long they are wrong, there is always that mirage that this is it! This is the straw that will break the camel’s back! I can buy that Van West SFH for $750K again!

SpacedOut
Guest
SpacedOut
That’s a solid counter argument. I’m going with this guy. Market is going to stay high forever cuz the bears keep saying its going to crash. How dumb are you people? Don’t you bears realize this market will never crash because you keep saying it will? Please stop saying it will crash so that it will f’n crash already. I’m getting tired of waiting. Screw it. I’m buying in a 450x rent multiple. What’s the worst that can happen? It’s only all the$300K I have saved and a loan for $700K more. It’ll be worth more next year. I might be the smartest investor ever. Maybe the bank will give me $800K and I can buy that Mercedes I saw yesterday. This is going to be sweet.
Dave
Member
Markets hate uncertainty. Right now, we don’t know if this is a minority, majority or coalition government and we can’t know that for two or three weeks. After that, it’s still a lot of uncertainty because the government could fall at any time and policies can change at any time. I think that’s bad for the economy and bad for business. The government can also change if people get sick, retire or something else happens. A lot of ‘mega’ projects are now up in the air. In theory, there is a majority of ridings against Kinder Morgan, Site C and LNG. What happens there? What happens to new projects? I think Clark played last night very poorly. She shouldn’t be talking up cooperating so much. In my opinion, she should be following the Harper model of my way or the… Read more »
bullwhip29
Guest
bullwhip29

don’t forget about the massey bridge. should this project be rolled back, the mess that stems from that will take a long time to clean up. yeah, and HAM along with all the bandwagon riders that have been buying everything up in tsawassen, ladner etc will get most of their teeth knocked out or maybe worse…

Dave
Member

I can’t imagine the developers in South Surrey and Tsawwassen are feeling very good today. The saving grace is that the bridge project has already begun so in reality it’s hard to stop. But the public might not feel so confident.

Best place on meth
Guest
Best place on meth

“In theory, there is a majority of ridings against Kinder Morgan, Site C and LNG”

That’s because they’re all incredibely stupid ideas that make the fast ferries look like the work of geniuses.

best place on earth
Guest
best place on earth

Glad Mr. Angry did not form government.

Best place on meth
Guest
Best place on meth

He still might.

There are many possible outcomes.

Doomcouver
Guest
Doomcouver

If I had to look at Christy Clark’s stupid corrupt face in person I would be pretty angry too. If you’re not angry after the string of scandals the Liberals have had, either you’re not paying attention, or there is something fundamentally wrong with your brain.

KickThemOut
Member
KickThemOut

~41% to 42% of voters voted for BC Libs, and 16% voted for the Greens. Almost all the local young people in the office voted for NDP and Greens, apparently thinking money falls out of the sky and green policies cost nothing. Well, not nothing but they are happy to pay more carbon taxes since we don’t generate a lot of carbon. hahaha…morons. Guess that’s why they tend to work in the lowest paid least skilled jobs.

The older people with actual life experience and some intelligence, and all the newcomer Chinese voters, they all voted Lib. Not necessarily because BC Lib’s is bad, but because it’s the cleanest dirty shirt, and they like jobs & economic growth over no jobs and no carbon emission living on the street.

bullwhip29
Guest
bullwhip29

“…and all the newcomer Chinese voters, they all voted Lib”

>>> whatever you say, space… first point is that the NDP actually got a lot of votes in Rmd meaning among your people there is considerable distaste for the premier after everything is said and done. second, their vote was simply about preserving their largely ill gotten windfall gains and keeping the floodgates somewhat open to continue their own business as usual. unless krusty flat out hijacks the recounts (not ruling that out whatsoever), some of the blatant shenanigans we have witnessed over the years are finally going to end and rightly so.

bullwhip29
Guest
bullwhip29

i do have one additional theory that you will find amusing, however…

there is a chance that during this window of uncertainty there is actually a surge in buying (like we saw prior to fbt rollout) as some people try to work with and lock in terms which are known before something more stringent materialises while others roll what may be loaded dice on krusty pulling a George W on all of us and then proceeding to turn her back on her critics and wreak complete and total havoc on the whole system while she still has the opportunity to do so.

http://wpmedia.vancouversun.com/2017/03/clarklegis_bc_farewells_20170316_233700032.jpg

Hyper-mega-Bull
Member
Hyper-mega-Bull

if you look at the three richmond ridings the more chinese it is the more it favored the librals.

east richmond/queensborough where liberals won by less than 100 has a significant indo-canadian population.

KickThemOut
Member
KickThemOut

geez…how dumb can you get? keep seeing conspiracy where there is none. What’s your obsession with space and keep thinking I’m that guy when nothing is farther from the truth. Geez…

SpacedOut
Guest
SpacedOut

That was pretty much my rationale for voting red. I threw up in my mouth when I did it, but I didn’t shit my pasts, so there’s that.

history
Guest
history
Hyper-mega-Bull
Member
Hyper-mega-Bull

clark is going to sweet talk and then turn out the greens in no time. expect to see them turning tricks in-front of openheimer park and bringing the money home to moma .

history
Guest
history

could be, although your hyberbole is a bit course. Weaver could get ousted too, and support rolls to the NDP. Who knows? Massive uncertainty now. It was mentioned earlier this doesnt help Financiers placing their bets…. meanwhile, tick tock, tick tock, population gets older, fewer and fewer workers to service the retirement Leisure classes.

We dould see new movement in building affordable housing, but i envision it will be structured in some way to suppoert the Leisure Debt Class. Workers compounds, for instance.

Oracle Sockpuppet Doppelganger III
Member
Oracle Sockpuppet Doppelganger III

Greens lose all credibility with their base if they side with Libs. Watch that vote disappear if there’s Green/Lib cooperation beyond a year…

Dave
Member
There are so many dynamics to the current mix of a minority government and all parties risk losing the support of their base. I think everybody is ignoring the NDP right now expecting they won’t be a factor because of a Green / Liberal agreement. I think the NDP are in the best spot strategically. They can make the Greens and Liberals look bad with nothing to lose because they aren’t in the drivers seat. For example, let’s say the NDP table a bill for a temporary ban on fracking while a commission is set up to study it. Are the Greens going to say no to that? Are the Liberals going to say yes? Do the Liberals lose the confidence of the legislature if defeated on a small bill like this? How about affordable housing and on and on.… Read more »
Best place on meth
Guest
Best place on meth

Excellent point about the NDP setting up both opponents by putting forward bills that will make one or both parties look bad – shoud the Greens even think about supporting the Libs.

Time for some serious strategerizing by Horgan and Eby.

Oracle
Guest
Oracle

Nice argument.

Royce McC
Guest
Royce McC
@Oracle Sockpuppet Doppelganger III: Setting aside the very real possibility that we’ll still see the Liberals get to 44 seats (see Courtenay-Comox), I see an argument for the Greens collaborating with the Liberals. Two reasons: 1) A Liberal promise for electoral reform. This, above all else, is going to be the Holy Grail for a party that secured 3.5% of the available seats in the legislature after receiving 16.5% of the votes. And their supporters will understand. 2) A desire to differentiate themselves on the centre/left from the NDP – and displace the NDP as the party of choice on that side. If the Greens can make the NDP irrelevant for as long as this next government lasts, while also appearing to make progress on some of their policy goals, they’ll make gains in the next election. I’m not condoning… Read more »
patriotz
Member

I don’t think you will see any formal arrangement for the Greens to support the Liberals. It would alienate much of their base. If they want a Liberal government they don’t have to do anything since the Libs have the most seats anyway. They can try to get things done on a bill by bill basis,

Royce McC
Guest
Royce McC

I don’t necessarily think there will be a formal arrangement. I’m just saying the Greens want in. Electoral reform and being seen as the effective centre-left option relative to the NDP are big wins for what might be a short-lived government. And I know a good number of green supporters: many see a move to a more proportional voting system as the essential first step for forwarding their agenda.

history
Guest
history

if we move to proportional govt there will be an explosion in new political parties. We talked on this forum of one such party, The Pet and Animal Welfare party, capturing 4 to 5%, right out of the gate.

People really want an Euro model govt?

Oracle
Guest
Oracle

I hear you but their platforms are almost diametrically opposed. Look at housing.

history
Guest
history

With the election results, power swings from the BC interior, to Victoria.

Weaver is a Conservative in sheeps clothing. It’s a lock that he throws support behind Christy.

Weavers pet project is private water power development. Water is the new ‘LNG’

We live in interesting times.

Oracle
Guest
Oracle

Now a waiting game:

Scenario 1: Lib Majority: Business as usual…Christy resigns after 6 months…

Scenario 2: Lib Minority: Greens side with Christy BUT they then lose their base after nothing in their platform is enacted.

Scenario 3: NDP-Green coalition. Ban Big Money, Proportional Rep., No Pipeline, Housing action.

Scenario 4: They are giving us an illusion of choice…especially if nothing happens in the next 4 years.

Oracle
Guest
Oracle

But make no mistake, if Scenario 3 happens, housing may be in for a tumble.

Hyper-mega-Bull
Member
Hyper-mega-Bull

big money is on it’s way out. it doesn’t matter anyway. there are plenty of private people willing to give lots of money to the bc liberals.

even without big money liberals will out raise ndp and green.

Oracle
Guest
Oracle

Thats fine, but when the ads to the big networks start playing, elections will ask where the money came from. Cant be under the table $$

Plus, the workers of the Corps don’t donate; Its the profits that they make off the workers that are donated.

This will balance the playing field.

Oracle
Guest
Oracle

It also makes it clear that Christy will not want Proportional Rep and Big Money Ban…..so Greens will not work with them (they will lose base support).

All a moot point if Libs get a majority.

Dave
Member

Banning big money is easy because party donations aren’t where the real bribes are, it’s the future job or board of director appointments you get after politics.

Best place on meth
Guest
Best place on meth

If it’s so easy then why did CC resist it so strongly?

She acted like she was being asked to give up food.

Dave
Member

Because she didn’t think she needed to. It’s an easy thing for her to throw the Greens. She knows in the future it can be changed back or the rules softened.

The Libs would be really dumb to agree to electoral change. They are the Natural Governing Party and can usually get a majority with 42 to 44% of the vote.

The NDPers should oppose it for the same reasons but they have been out of power for so long, most would probably vote for that.

Best place on meth
Guest
Best place on meth

NDP should embrace electoral reform as it would put an end to the vote spliting that puts the Libs in power.

56% of voters chose the two main left-leaning parties, a sizable majority that could sustain an NDP-Green coalition for 20 years if not longer.

As for CC changing rules anytime she pleases, you don’t do that with something like campaign finance rules.

YVR
Guest
YVR

“sustain an NDP-Green coalition for 20 years if not longer.”

Great theory, except the part that when the NDP govern they screw everything up so bad they won’t get past 1 term. The election after their last time in office they got 2 seats.

ostritch
Member
ostritch

Super PACs anyone?

Best place on meth
Guest
Best place on meth

“there are plenty of private people willing to give lots of money to the bc liberals.”

Limits on “personal” donations are also on the agenda.

bullwhip29
Guest
bullwhip29

comparing the looks both krusty and horgan had on their faces late last night, one can only conclude that the libs will take/steal comox and scenario #1 will prevail, with the exception that she will not be leaving after 6 months. in fact, i expect her to massively ramp up efforts to cash in chips for all her friends and family before disappearing to the UK or wherever in 2021…

kabloona
Member
kabloona

Unless Krusty can somehow get to 44 seats, it’s gonna be #3…..

Weaver said getting “big money” outta BC politics is his primary objective, and I imagine getting some variant of proportional representation can’t be far behind. Krusty can’t back either of those initiatives, and she sure won’t be cancelling any big energy projects….

That leaves Horgan to work with Weaver, assuming as I said that the Libs don’t end up with 44+ seats after the recounts and absentee ballots and whatnot….

Just my $0.02…..

Hyper-mega-Bull
Member
Hyper-mega-Bull

NDP + Green = 44 seats. appoint a speaker, 44 – 1 = 43.

i don’t see how the math works as total stands right now.

Oracle
Guest
Oracle

Speaker gets final vote

/dev/null
Member
/dev/null

#1 (Lib majority) seems like a real possibility still, given the 9-votes in Courtenay-Comox. The Liberal candidate is apparently the former commander of the base, so perhaps may have an edge in absentee ballots? Hard to say and the 2-weeks of speculation will be tedious. The other close ridings are all hundreds of votes one way or the other.

A NDP-Green coalition would be the best option for housing, so I was liking the 42-42-3 split when I went to bed last night. Didn’t Tom Davidoff recently call the Green housing platform “overkill” and “draconian” and may “clobber the market”? Sign me up.

KickThemOut
Member
KickThemOut

If proportional representation comes to pass, it will mean the END of any potential choice. There will be no possibility of independent candidates – only parties that can be easily bought by special interests.

George Washington warned us about the evils of political parties, seems like no one here has ever paid any attention.

Oracle
Guest
Oracle

IF IF IF a majority doesn’t happen;

You can count on housing dropping to 2015 levels. Look at the Green platform. 30% FBT across province, Speculation Tax, loopholes closed, national housing database, and a sliding PTT up to 12%.

NDP has 2% property tax for non residents, National housing database, and closing loopholes for FBT.

—> meld the 2 policies together….end to foreign $$.

They’d also have a plan to increase amortizations to 40 years for people who go underwater on their mortgages.

————————————————————

Rents will continue to go up though. Trudeau opened the floodgates.

Oracle
Guest
Oracle

Anyone know if we can recall a Liberal MLA in a riding if they don’t act on big money ban, proportional rep?

Reasonfirst
Guest
Reasonfirst

You can start a recall if you don’t like colour of their house.

Shut It Down Already
Guest
Shut It Down Already

Oracle won’t start anything, he’ll only insist that others start something.

Oracle
Guest
Oracle

So says HAM…

Shut It Down Already
Guest
Shut It Down Already

Do you ever think before pounding on the keyboard? Im genuinely curious as we seem to be getting a raw unfiltered stream of your consciousness lately.

bullwhip29
Guest
bullwhip29
Oracle
Guest
Oracle

recall campaign in this riding!

bullwhip29
Guest
bullwhip29

CIBC triples Home Capital stake to become one of embattled mortgage lender’s largest holders
http://business.financialpost.com/news/fp-street/cibc-triples-home-capital-stake-to-become-one-of-embattled-mortgage-lenders-largest-holders

CBM999
Guest
CBM999

Courtenay-Comox is going to decide the minority vs majority for the Liberals. Christy Clark seemed pretty cocky during her speech so she might know something in that riding that we don’t. It’s true that there are a lot of absentee military voters in the riding and the Liberal candidate is the former commander of the base.

On the other hand. I reviewed the absentee ballots from the 2013 election in Comox Valley (the riding boundaries have slightly changed with redistribution) and the NDP actually won the absentee ballot portion (by 25 votes) even though the Liberals won the riding.

NDP:1456
Liberal: 1431

Regardless it’ll be CLOSE! That’s the riding to watch.

Dave
Member

That’s way more absentee ballets than I would have assumed. That makes that riding a 50:50 tossup. And then the NDP have a couple ridings with only a hundred or so votes, while the Liberals don’t seem to have ridings at risk. So, I’d say Clark has a greater than 50:50 chance of getting a majority.

CBM999
Guest
CBM999
The Liberals only won in Coquitlam-Burke Mountain by 170 votes. But the 2013 election in that same riding the Liberals won by 3 votes on the absentee portion (898-L to 895-NDP). Keep in mind the NDP was elected in a 2016 by-election in this riding and the NDP won that absentee poll 229 to 192 for the Libs. Still though, not enough IMO to flip that one to the NDP if trends follow the past. Maple Ridge-Mission is currently in the NDP column by 120 votes after the initial count. In 2013 in that riding on the absentee portion the Liberals actually won it by 121 votes (919-L to 798-NDP). If that number held exactly it would flip to the Liberals by one vote!…..of course that’s all hypothetical and would trigger a judicial recount. I agree that the NDP is… Read more »
patriotz
Member

” It’s true that there are a lot of absentee military voters in the riding”

Is it? It seems to me that most absentee voters would just be voting somewhere else in their riding or nearby. I don’t see why the absentee vote would be skewed toward the military, it’s not like the RCAF is fighting a war somewhere.

/dev/null
Member
/dev/null

Agreed, patriotz. Comox is SAR, patrol, maintenance and training (http://www.rcaf-arc.forces.gc.ca/en/19-wing/index.page). If anything, I wonder if there was proportionally fewer absentee ballots from the military since there was probably a polling station right on base.

Dave
Member

The CBC says a preliminary count has already been done and that the final official count is in a couple weeks. So, it’s possible Clark has inside information.

paulb
Member
Active Member

New
261
Price Change
59
Sold
137
TI:8765

http://www.clivestevepaul.com

Best place on meth
Guest
Best place on meth

If these numbers hold up, look for a Green-NDP coalition and Krusty rides off into the sunset to enjoy her offshore accounts stuffed to the brim by her corporate and communist beneficiaries.

No way will the Greens support Liberals. The stench of corruption coming from her is so great that they would lose all credibility and all the gains they’ve made during the last 2 elections.

Not to mention the Greens have nothing in common with the Libs, the Libs would never go for proportional representation and would have to be dragged kicking and screaming into legistation that banned corporate donations.

Dave
Member

The idea of the Liberals and Greens cooperating is ridiculous. Clark’s biggest election promise 4 years ago was LNG and it was the biggest priority in her government. How can you then team up with a party who is rabidly anti-LNG?

Both parties are setting themselves up to lose votes for the NDP. I’ve never voted NDP in my life but I’m feeling like I should next time.

Yikes
Guest
Yikes

LNG laughngas….Christy laugh all then way to the bank with donor cash

Oracle
Guest
Oracle

If the numbers stay the same on nay 24th, and the Greens aren’t corrupt, then repeat this so we can have a discussion on this. Nobody in oublic office should be able to hide money in relatives names in offshore secret accounts.

Fomo
Guest
Fomo
bullwhip29
Guest
bullwhip29

Victoria ranked second in world for luxury real estate
https://www.cheknews.ca/victoria-second-world-luxury-real-estate-314884/

LS in Arbutus
Guest
LS in Arbutus

What a joke. Seriously, this is what it’s come to.

bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29

MacLeans: Six ways B.C.’s new government could unfold
http://www.macleans.ca/news/canada/six-ways-british-columbias-new-government-could-play-out/

>>> according to this there are 176,000 absentee votes not yet counted. WTF?

patriotz
Member

I think it needs to be made clear what an absentee ballot is in BC. It’s any vote cast somewhere else than someone’s home polling station, even in the same riding. So if you voted at a polling station near your job because you had a lot to do at work May 9, that’s an absentee ballot. Do those numbers make more sense now?

Dave
Member

Are their two types of absentee votes? One for within the riding and another for outside the riding.

When I voted in a different riding, I received a blank ballot that you write the name of the candidate in. But if you vote at a station in the same riding, why would they not give you a proper ballot with candidate names on them and count them that night?

I am wondering if the article has the number incorrect. Another reason why I think that yesterday somebody posted there were just shy of 3,000 absentee ballets in Comox last election. But in another article I read it was half that. Maybe the later number reflects blank ballots counted after the fact, while the other absentee ballots are already counted.

Joe Condo
Guest
Joe Condo

The BC Election website sent me to the wrong polling station. The person at the door said this had happened to quiet a few people and that I’d get an absentee ballot. I was sent to a special table for absentee ballots and they put my ballot in a special envelope before I put it in the box.

Sounds like those all get put together and counted later.

CBM999
Guest
CBM999
Maybe this will help as I’ve actually been a voting officer and many provincial elections. If you vote in another riding you will be given a blank write-in ballot. The reason is simply that if every polling station carried ballots with names of every candidate in every riding the cost (not to mention the paper usage) would be ridiculously high…all for the off chance that someone from Ft. St.John shows up in Victoria to vote for their home riding. This is counted as absentee-OUT of electoral district If you go to the wrong polling station but in the SAME riding you are given a regular ballot with names that you mark an X. It is placed in an envelope and counted as an absentee-IN electoral district. There is voting at the district electoral office, voting by mail, special ballots, and… Read more »
bullwhip29
Guest
bullwhip29

very helpful…thank you.

just out of curiosity, what specifically happens to the various categories of absentee ballots after they are cast, sorted etc and is there any way whatsoever that they can be tampered with prior to counting them later in the month? as everyone now knows the outcome (and integrity) of this election is very much riding on these results making the handling and security of these incredibly important. 176,000 is a big number imho and i think results from more than just comox, maple ridge and coquitlam could be in doubt

Dave
Member

That was very helpful and well explained. It’s amazing that nobody in the media has provided that simple explanation.

Yes, that’s a huge number. On average, that’s 2,000 votes per riding. My expectation would have been low hundreds, not thousands.

I’d say the Liberals have a greater than 50:50 chance of pulling off a majority.

CBM999
Guest
CBM999

Thanks, I explained it the best I could. I don’t know everything but I’ve worked a few elections in my day….

Here is some “light reading” regarding recounts. It also outlines in detail the final count (absentee ballots) procedures in detail starting on p. 9.

http://142.34.128.33/docs/guidebooks/879.pdf

CBM999
Guest
CBM999
People who vote by mail absentee send their envelopes directly to Elections BC in Victoria. They are held in a secure facility, sorted by riding, and then after the election sent out to each respective District Electoral Office (DEO). The other absentee envelopes from election day are deposited in a ballot box at the polling station and sealed, but NOT opened or counted. Generally two witnesses (scrutineers from political parties) sign across the seal of each ballot box so it would be evident if it were tampered or the seal broken. The ballots are then forwarded to the DEO who opens and sorts them. Ballots from their own riding are segregated and sealed again for the final count and other ridings ballots are distributed securely to the respective DEO for final count. There is a LOT of oversight during the… Read more »
CBM999
Guest
CBM999
Strange scenarios can happen during voting day too…. I had a lady get mad at me one time because I was calling out her voter number. She was in my face and said “they (scrutineers) have no right to know how I voted” I flatly told her “Ma’am, they have a right to know THAT you voted, but NOT HOW you voted.” (she didn’t realize that we rip off the counterfoil with her voter number on it before the ballot enters the box) I had to kick a guy out of the voting station after he voted once because he kept hanging around asking people “Are you a Liberal? Liberal?…..Liberal? I only want to talk to a Liberal” Voters are to leave immediately upon voting, but generally if they have a spouse, friend, or kids with them we of course… Read more »
bullwhip29
Guest
bullwhip29

i wondered also if ballot had mag strip embedded in it making it possible to link each ballot with specific voter. yeah, tin foil hat stuff…but just imagine for a moment if voting wasnt anonymous

bullwhip29
Guest
bullwhip29
thanks again for the info. i think my real concern is what happens to the boxes or mail in ballots once they transported to either DEO or Elections BC? imho if “something” were to be done, it wouldnt happen at the polling station in broad daylight. (1) is every seam of the ballot box sealed making it impossible to open without causing some visible damage? or could box somehow be reversed engineered from say the bottom and put back together? (2) if your answer to question 1 is NO, then how secure are these boxes/ballots once transported to DEO or Elections BC? call me a paranoid but the process doesnt seem all the sophisticated to me but it should be handled using same protocol that banks follow (3) lastly, would it be safe to assume the bulk of absentee votes… Read more »
CBM999
Guest
CBM999

(1) Yes every seam is sealed. Here is a link of a typical box, you can see the grey striped sealing tape on it…hope the link works

https://i.cbc.ca/1.4104093.1494211550!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_1180/b-c-votes-2017-advance-polling-ballot-box.jpg

(2) N/A

(3) Actually from my experience mail-in ballots are often the smallest proportion of absentee votes. Usually the highest absentee are those within the electoral district who went to the wrong polling station.

Here is a link to the results from my riding in 2009. If you scroll down to the second to last page you will see the results for each polling type for absentee. They are segregated below the normal results.

http://142.34.128.33/docs/rpt/2009GE/SWH.pdf

SpacedOut
Guest
SpacedOut

That only works if the poling station is in your riding.

bullwhip29
Guest
bullwhip29
southseacompany
Member
southseacompany

“Six Canadian Banks Cut by Moody’s on Consumers’ Debt Burden”, Bloomberg

https://www.bloomberg.com/news/articles/2017-05-10/six-canadian-banks-cut-by-moody-s-over-consumers-debt-burden

“Six of Canada’s largest banks had credit ratings downgraded by Moody’s Investors Service on concern that over-indebted consumers and high housing prices have left lenders vulnerable to potential losses on assets.”

“Toronto-Dominion Bank, Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada and Royal Bank of Canada had their long-term debt and deposit ratings lowered one level, Moody’s said Wednesday in a statement”

southseacompany
Member
southseacompany

“BC Liberals’ economic feat may be coming to an end”, Globe & Mail

http://www.theglobeandmail.com/report-on-business/economy/economic-insight/bc-liberals-economic-feat-may-be-coming-to-an-end/article34951775/

“After expanding by a stellar 3.7 per cent in 2016, B.C.’s economy will be lucky to grow by much more than 2 per cent this year, according to economists’ forecasts.”

“The housing sector is the most immediate of these worries, as the air leaks out of the Greater Vancouver housing bubble.”

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