Mike’s Saturday Editorial

The Ultimate Financial Reality – Interest Rates Are Rising – Get Ready For the Consequences

It doesn’t matter which political party you support. It doesn’t matter if you’re on the left or right. Higher interest rates are going to cost taxpayers, consumers and home owners. 

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They Are Just So Wrong About Housing

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So which is the bigger problem – rising or falling housing prices? There is no doubt that with $600 billion added in new mortgage debt since 2010, falling prices with rising mortgage rates are potentially a much bigger problem.  So why are governments actively pushing for lower prices? 

Spending Up, Debt Up, Taxes Up

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Federal spending has cracked the $3billion mark this fiscal year with tax revenues up 6%. Despite the growth in revenues, the debt is racking up. Can Canada continue on this path?

Federal Carbon Tax Has BC Paying Out

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Lets wait for all the details on the Federal Government’s carbon tax, but from the early indications it looks like BC could end up paying the most.

Is The Postal Service Still Necessary?

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The Canadian Union of Postal Workers have started rotating strikes after not reaching a deal with their employer.  But do you care?  At the end of the day, postal workers get paid by you, the taxpayer.  With a company that loses money, should taxpayers be on the hook to pay for a dying business?

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