Comments by "" (@Green__one) on "BNN Bloomberg" channel.

This is already baked into our tax code. We don't tax people based on specific jobs, we tax them based on total income. There's no additional penalty to doing a different job. Additionally, there shouldn't be anything based on job, because that is guaranteed to cause people to split single high paying jobs into multiple low paying jobs instead. Way too easy to skip that one. Now I do agree that we should encourage work, and possibly a rethink of marginal tax rates is in order. But there's no reason any of that should be at all related to number of jobs.
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I love these justification for core inflation. About how they're trying to remove volatile things. No the whole reason for core inflation is to mask real inflation. What they remove are the things that inflate the most. And the things that the majority of a normal household budget goes towards. Core inflation is 100% meaningless as it does not paint a picture whatsoever of what an average household is dealing with.
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Current law requires that pension funds invest for the benefit of their members. People's retirements are at stake here. Using them as a political tool to further other interests is extremely irresponsible. This liberal government wants to make sure that people cannot rely on their pensions for retirement because they want to co-opt the money for their own purposes. We cannot allow this disaster to happen! Pension funds must maintain their purpose of providing income to retirees, not follow political whims!
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Video title is that inflation rises, commentary is about how it's falling. Can someone decide which narrative they want? Also 2.9% is still 50% higher than target, and therefore in any sane economy would indicate that it is time to raise rates, not lower them. Rates are still at historic lows, and we are repeating the mistakes of the 70s all over again, where they didn't raise rates enough, so didn't get inflation under control, so when they started to cut, inflation skyrocketed to double digits requiring double digit interest rates to match. If we don't want double-digit inflation and double-digit interest rates, we should have significantly higher interest rates in the short term to prevent much longer term pain. Of course it would also help if we could have someone sane in government to stop the money printing causing the inflation!
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"mildly disappointing" is "mildly" an understatement! As to what grade to give this budget, how about an F!
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Canada needs a real estate crash. Unless we get one our country is done for. We have spent years pouring our entire economy into real estate, it isn't healthy. We should have allowed to crash in 08 or even earlier. The longer we go, the worse crash is going to be, better to get it over with then to keep putting it off and making it worse
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Remember that the current all-time high in the market, is still below the previous high if you take account of inflation. Also remember that these so-called high interest rates we are experiencing right now are still low by historic standards.
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@Roof_Pizza is that supposed to be a dig at me? Core inflation takes out energy and food. If you don't think that that is where most of your money goes, I feel like you're the one not doing your own budgets!
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@YT2-qm9pk So you're ok if I steal thousands of dollars from you personally, and make you work many years longer to fund your retirement, as long as I give the money to my kids? If you answer no to that question, you're a hypocrite.
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Amazing how it constantly changes depending on what they want it to be rather than what it really is. They have a so many different measures of inflation that they just pick the one that they want. In this case they're talking core inflation which is the one they use when they want inflation to look low because it strips out all the things that inflate a lot, things like food and energy, because no one actually needs to use either of those things.
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Unfortunately his supply management policy is the one thing that will stop me from voting for him. That's where the PPC is right, supply management needs to go.
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@blankyfang2348 And wrong again. The bank of canada does look at both, but they cherry pick which ever one fits their narrative. We see them flip flopping on it all the time. And yes. Core inflation is 100% meaningless in the real world. And no, food and energy prices are not immune to interest rates.
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The largest market in the world is not the US. It's China. They already are there, they've already won. The only thing the Americans are doing by putting these tariffs on, is guaranteeing that their own manufacturers won't be allowed to play in the biggest market in the world.
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Stocks may officially be at record highs, but if you take inflation into account, they still haven't caught up from where they were in 2021
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@dougpatterson7494 that would be amazing, stop taxing overtime, my new job is 1 hour a week the other 39 are all overtime!
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This is complete nonsense. If any of this was true we'd be seeing plans with more empty seats and lower prices. In reality Canada has won't the highest fares in the developed world, and the planes are all packed to the gills. This just doesn't jibe with the narrative being pushed here.
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@bdegrds no, the last 20 years have been an abomination. And that's why we're in this mess now. Interest rates that were too low for too long encouraged reckless spending and made us the most indebted nation in history.
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@gcc8584 exactly, it's the neutral rate, you can't fight inflation by keeping your interest rates down at the neutral rate.
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@alexramos9316 have you considered why everything costs more? Hint. It's because the interest rates have been too low for too long!
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@pinkcichlid Except "core" inflation is a fiction whose only purpose is to hide the real inflation numbers by excluding what inflates the most (food and energy) and which is a HUGE portion of everyone's actual monthly expenses. Anything index that excludes that much of what people actually have to spend, and especially excludes anything that has high inflation is an obvious scam.
1
We don't know when the next election will be??????????? How stupid are you? We know exactly when the next election will be! October 2025, poll results like this guarantee it. There's no way to liberals are going to let go of power 1 second earlier than they have to, and they know they're not getting back in!
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Exactly right, in this particular case they picked and chose which inflation number to use, and chose to use core inflation. Core inflation is the one that doesn't include food or energy, because you know no one actually needs either of those things! Inflation is whatever the bank wants it to be, because they have so many different numbers they can choose from that they just choose which one they want depending on the message they want to send. They want inflation to be high, they can use CPI data if they want inflation below they can use core inflation data, they get to choose whichever one they want.
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I laugh at "higher" when we are STILL at historically low rates. We've just been at stupidly insane ultra low rates so long that people don't grasp what a "normal" inflation rate even is.
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