Mike's Daily Comment

Canada’s “Trump Like” Stance

 

Canada’s political leaders are determined to protect supply management, in a Donald Trump like protectionist action. Where Canada’s 3 leaders devotion to supply management hurts the poor with a system that transfers 3.5 billion a year from Canadians pockets and directs it to a few Ontario and Quebec farmers (13,500 farmers overall). Heck, Canada’s determination to keep supply management going could cost us our trade deal with the US! Now that would cost us jobs!

…..also from Michael: Another Dow Record – A NAFTA Cold Shoulder – New Mortgage Rules Bite

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Another Dow Record – A NAFTA Cold Shoulder – New Mortgage Rules Bite

 

Michael explains the implications of the extension of the Nafta renegotiations, The Dow Jones Industrials hitting 117 year highs and Canadian Politicians have chosen a club to beat down skyrocketing real estate prices. Gain Michael Campbell’s insight in this quick 8 minute mid-week update interview.  

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This is a Really Bad Idea

 

Purposely reducing the value  of the vast majority of people’s most valuable asset while trying to slow the most dynamic industry in 7 out of 10 provinces all in the name of creating affordability will not have a happy ending. Yet all three levels of government are doing precisely that. News flash: historically rising asset prices have never been the problem – falling ones are. 

….also from Michael: If You Don’t Agree With The Canada Revenue Agency – Tough Luck!

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Climate Change, Uber & The Status Quo

 

Politicians who claim their concern for carbon emissions causing climate change must be confused when they line up to ban Uber. Of course its understandable when you realize they are merely protecting the status quo.

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Mortgage Qualification To Get a Lot Tougher

Kyle Green of the Green Mortgage team with answers to the effect Mortgage rule changes & the stress test will have on mortgage seekers, including those who are renewing existing mortgages. Kyle also points out a loophole in the Governments strategy. 

….also from Mike: Climate Change, Uber & The Status Quo

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