Mike’s Midweek Comment
The office of the Superindendent of Financial Institutions is implementing a new stress test that will impact every home buyer buyer. The question is, are they going to effect the demand side or the supply side. More importantly, Michael wonders if they really want to risk derailing 40% of the economy to enhance affordability!
…..also from Michael: Political Moves Seemingly Designed To Drive You Crazy
Heaps of Governments development fees, green levies then you’ve got taxes, taxes, taxes, regulations and more regulations. The numbers are choking buyers. Mike spells out the reasons prices are so high.
….also from Mike: The Power Behind Stopping Canadian Oil Flowing
When the Energy East was canceled by Trans Canada Pipelines, the country that benefited most was the US, the biggest oil exporter to the east coast. The biggest victory was gained by the big US Environmental groups, who spend millions and brag about upending Canadian Governments.
….related from Michael: Canada’s Losing as a Place to Do Business
In 2017 the technology sector has been on fire, while the energy sector has dropped 11% setting up the opportunity in week’s Big Fat Idea
….also from Michael: Beef Up Your Portfolio With Small Cap Superior Performance
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Political Moves Seemingly Designed To Drive You Crazy
Posted by Michael Campbell
on Friday, 13 October 2017 15:18
Today Michael reams off a list of political moves that are so inconsistent and frustrating it will be hard for the average voter to hear. Nevertheless here they are as its better to know where we have gone wrong than to ignore.
…also from Michael: Revenue Canada To Get Tougher & Stronger