Tag Archives: looney

Friday Free-for-all! April 14th 2016

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

This is our regular end of the week news round-up and open topic discussion for the weekend, here are a few recent links to kick off the chat:

Eby on Real Estate Fraud
Affordable Housing Program
Nothing free-market about boom
Concord Pacific buys Molson land
Gentle jaw-boning for looney
Southseacompany on YouTube
Tricks of the trade
Millennials scramble before priced out
Downgraded growth for Canada
Your parents made money, you won’t
Poloz stuck in corner?
Research Chair escapes from UBC
Harsher penalties needed?

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

Who wants a 50 cent dollar?

With rumors of another rate cut, Rob Carrick points out 8 reasons he thinks that’s a bad idea. The very first reason? The Looney will fall even further against the US dollar.

For eight years, the Bank of Canada has been trying to encourage economic growth by lowering interest rates. It’s so not working.

In fact, lower rates are hurting a lot of people more than they’re helping. We have to at least acknowledge this as speculation of yet another rate cut grows. It could come as soon as Wednesday, which is the date of the next rate announcement from the Bank of Canada.

The central bank considers the entire economy when it sets rates. Now, let’s look at things from the point of view of everyday people. Here are eight reasons why the Bank of Canada shouldn’t cut rates any lower.

1. The dollar will fall even more: The most disruptive force in personal finance right now is the falling dollar. That’s because it’s hitting us all in a vulnerable spot – our grocery bill. Helpful for exporters, a weak loonie is a tax on families and snowbirds who must change Canadian dollars into U.S. currency. Last week, the dollar fell below 70 cents (U.S.) for the first time since 2003. A lower dollar adds downward momentum.

Read the full list over at the Globe and Mail, although a number of them are directly connected to a dropping looney.

The one group that a dropping looney should help are exporters as their products get cheaper for foreign buyers, but Jayson Myers, the head of the countries largest exporters association says don’t bother.

“Interest rates are low already. A little bit of dollar stability would be better.”

As an interesting aside, in 2002 when the CAD was hitting record lows Treasury Board President Scott Brison said it was

“a pay cut to every Canadian, a drop in our standard of living and a reflection of the fact that Canadians are getting poorer as Americans are getting richer under the watch of the government,”

Scott Brison is now a key cabinet minister and top economic aide to Trudeau.

 A hat-tip to southseacompany for the links.

Friday Free-for-all! Oil! Looney! Housing! IMF! Rates!

Here we are, Friday again!

And you know what that means?

Friday Free-for-all time!

This is our regular end of the week news round up and open topic discussion thread for the weekend.  Here are a few recent links to kick off the chat:

Housing debate continues
IMF can’t stop worrying about Canadas bubble
Hike interest rates in May? not so fast.
spiking prices, but more affordable
Cable bills fine, help with the mortgage?
Canada largest industry is real estate
Zombie neighborhoods

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

FFFA! It’s Friday again!

Well well, look at that, you made it to the end of another work week.

This is Friday and that means it’s time for another Friday Free-for-all, our regular end of the week news round up and open topic discussion thread for the the weekend.

Here are a few recent links to kick of the chat:

Can the industry police itself?
Ultimate buy / rent calculator
Boom a bust for heritage buildings
Canada job market not quite best
Leaving the city for better economics
Tiny homes
Is the worst over for Looney?

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

FFFA! Debt! RRSP! Cars!

It’s that time of the week again – Friday Free For All time!

This is our regular end of the week news round up and open topic discussion thread for the weekend, here are a few recent links to kick off the chat:

Canada’s skidding economy
Fear of the Looney
Blanket on head for driving
Debt ridden young flee BC
Inventory back to 2005
Debt monster killing RRSPs
Canadians take on longer auto loans
Comox Valley: Rent too damn high

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