Tag Archives: flaherty

FFFA! Farewell Flaherty.

It’s the end of another work week, and that means it’s time for another Friday Free-for-all post!

This is our usual end of the week news round up and open topic discussion thread for the weekend.

Rest in Peace Flaherty
Tal defends canada from bears
Clark not paid to promote company
Ranks of homeless seniors grow
Market faces spring test
The kids still want to buy
265 sq feet oughta do it
Whats happening on the coast?

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

Flaherty’s ‘other’ mixture.


A bit of humour that calls out the absurdity of the ‘tough new mortgage rules’.

This is brilliant, thanks Rick Mercer.

On a side note is the ‘crantini’ joke a common one in housing markets? The only place I’ve seen it is here on dear old VCI when ‘samantha’ refers to drinking crantinis on the patio.

(at least I assume that’s a joke, sorry Sam if it’s not.)


Mark Carney, we hardly knew ye’

Can you believe this?

Mark Carney is leaving us for the Bank of England!

Carney said he and Flaherty had enjoyed an effective partnership and added he will miss the camaraderie and clear sense of purpose he experienced with the finance minister. He praised the strength of the central bank and reiterated his confidence in it.

A smiling Flaherty said this moment is “bittersweet,” and that the loss of Carney will be felt in Canada.

Carney’s rumoured appointment to the Bank of England was the source of published reports last spring, and at the time he and the Bank of Canada denied the reports.

“I’m totally focused on my two responsibilities: as governor of the Bank of Canada, and the Financial Stability Board,” Carney told reporters on April 18. “I can assure you they add up to more than every waking hour of the day.”

I’d leave a job that added up to more than ‘every waking hour of the day’ as well.

Flaherty won’t ‘stand by’ in recession

The more things change the more they stay the same.

The president is back in the white house and there’s rumbling of a fiscal crisis again.

Flaherty has said he’s not going to take another recession lying down.

Finance Minister Jim Flaherty and Bank of Canada governor Mark Carney both pledged Wednesday to take action to support the economy if a shock from the U.S., or Europe, threatened to once again plunge the country into recession.

“We are a pragmatic, sensible government. If our economy goes into recession because of an external shock from the United States or the eurozone, or both, we will take steps to stimulate the economy,” Flaherty told the Commons finance committee in an evening session.

“What we have done before we will do again. We will not do exactly the same thing again…but we are not going to stand by and have the Canadian economy slip deep into a recession with high unemployment.”

Friday Free-for-all!

Hey, it’s springtime in paradise!  It’s also the end of another work week and that means it’s time for another news roundup and open topic discussion thread for the weekend.  Here are a few recent links to kick off the chat:

It’s looking like a day for a 16k party
RE/Max: Housing off to a strong start
Who’s in charge of regulation?
Expect no housing moves in budget
CMHC to dramatically curtail growth
Risks of CMHC mortgage cover
What now Mr. Flaherty?
Affordable housing, why bother?
10 story wooden condo tower
UBC housing action plan (VIDEO)
People don’t like a driving tax
No springtime for chinese property market

So what are you seeing out there?  Post your news links, thoughts and anecdotes here and have an excellent weekend!