Mike's Daily Comment

Taxing Your Primary Residence is a Hot Topic

They’re talking about it again in Ottawa.  And it’s not as if governments don’t already soak home owners in a myriad of ways. (Photo by Getty Images)

Is the Economic Downturn An Emergency or Not?

Judging by our politicians penchant for using the pandemic as an excuse to jump on their familiar policy hobby horses – the answer is “not.” And that will hurt us all.

“The response to Covid-19 in the UK, the US and other countries was shaped by the dramatic headlines in mid-March, suggesting 550,000 deaths in the UK and 2.2 million in the US. Faced with widely publicised, alarming figures, as demonstrated by Imperial College’s Professor Neil Ferguson, governments were forced to react with the unprecedented lockdown to suppress Covid-19. No one looked at his ten years of predictions that were wrong.”

– Oonagh McDonald, The Times,

Get Your Portfolio Ready for a Contested US Election Result

Neil McIver joins Michael to share some insights into what could be a tumultuous market response if there is no clear winner in the US November election. Specific ideas for your investments and some additional help as well.

Way More Questions Than Answers

What happens next seems to be the big uncertainty – especially with some provinces already backtracking aspects of reopening the economy. It’s already got the Bank of Canada worried.

People with obesity who contracted COVID-19 were 113% more likely than people of healthy weight to land in the hospital, 74% more likely to be admitted to an ICU, and 48% more likely to die. In the U.S., 40% of adults are considered obese. (In Canada, Public Health Canada estimates 28.2% of population is obese with an additional 36% overweight.)
– sciencemag.com, Obesity Reviews (August 26, 2020)