How bad is the economy going to hit the fan

Canadian dollar has weakened and if US interest rstes go up as predicted is likely to weaken further

 

Is that because the assumption is investment in the U.S. with Canadian funds would increase?

 

Basically , yes

We lost over a full cent just today

http://www.cbc.ca/news/business/can...estors-reconsider-the-fed-s-message-1.3001524

 

We just bought a 1900sqft raised ranch with 1-car garage and pool on a 50'x120' lot for 300k even. However there is cheaper around here, in scumy areas, and there is A LOT more expensive. Where we are is just right on the edge of commute-able to the greater toronto area so that is driving prices up in recent months. And with gas at 99.9 this morning commuting gets a little more affordable.

 

In spite of what the media is portraying. The economy isn't as good as they claim.

 

Nobody is saying it is good , not up here anyway

 

It depends on which class you look at, some do better than others. For the upper middle-class and above it's been a good stretch

 

Goodbye flat tax said Albertans today

http://www.cbc.ca/news/canada/edmon...tax-increases-for-1st-time-in-years-1.3010696

 

Yup. Sad day.

 

Good. If you earn 100K you SHOULD be paying more. I like the plan from the brief description that article gives. I can afford to pay a bit of healthcare premium too.

 

Still a $5billion deficit

 

Yup. Good thing we have nothing in debt right now .

I hate saying it because I know people who work as teachers and nurses but their salaries have been spiralling out of control. I've been on a wage freeze for two years at work. It wouldn't hurt them to go through the same till oil comes back in 2-5 years.

 

But the Feds said the price of oil won't harm the Canadian economy

 

Actually they are already paying more 10% of $30k is 3k, 10% of $100k is 10k

 

Higher percentage

 

If they have to raise the tax rate I think its much better to put the "strain" on people who can afford it rather than the working poor and middle class. Just my opinion.

 

Watched a great report comparing the Norwegian sovereign oil fund which was based on Alberta's Heritage oil fund , and the current state of the Heritage fund

Real eye opener

http://www.cbc.ca/m/news/business/norway-s-sovereign-wealth-holds-lessons-for-canada-1.3002803

 

Taxes in Norway are insane. They also have some of the lowest productivity per hour worked in the world. My brother worked in the Alberta government on contract for a bit and showed me that comparing Alberta and Norway is not simple.

 

Unfair, but the norm in most countries