Stimulus in way of rising housing prices where affordability becomes harder and harder to reach for the masses, yes it will. But we’ve seen this for the last 15 years. It ain’t the interest rates that’ll boost supply to solve our housing problem. It’s the supply constraints - ie labour, red tape including building restrictions, nimby, air b&b etc that are holding things back.
Yes that’s why he’s been silent! (https://lemmy.ca/post/31097307)
We’ve needed a better industrial policy/strategy for quite sometime now, way before Trudeau happened. We have been falling behind in productivity, in investment in research and IP, all leading indicators of creation of wealth and prosperity for decades. We just can’t rely on oil and natural resource booms to keep us afloat economically. None of the prior administrations have brought that, and Trudeau’s hasn’t got that vision. Neither does PP quite frankly. He hasn’t said jack that talks to how we’re going to be more competitive, nor does he have the brains for it.
It’s obvious markets are not efficient. There is NOT a single market in North America that is NOT regulated. So let’s throw out that “free market” bullshit. Free market existed in early days of industrialization. It didn’t work. If it did we’d still have slave labor and child labors working 7 days a week up to now. So what is needed is for governmentS - with an emphasis on S - the freakin provincial, municipal, and feds, to make it WORK. Housing is a necessity, not just a capitalist investment tool.
Federal government has the means and responsiblity to persuade and cajole provinces in certain directions when it comes impacts of policies they are implementing. They could have foreseen the housing shortage or the unemployment or the depressed wages with the immigration, foreign workers and foreign student programs they are creating, because that’s what the hundreds of thousands of bureaucrats in various government agencies are for - to plan and study all the freakin impacts- but didn’t foresee it or chose to ignore it, having faith in the “markets” to solve needs of the economy. Alas, the “markets” are slow moving and not efficient at all.
Libs have been centrist and pro-business for sometime now. While other liberal governments had balanced policies between pro-business and social responsibilities, this liberal government seems to have exuberantly responded to business wants when it comes to labour needs. This is the mess we have here.
Oh Canada! I am saddened. Former Canadian men’s coach John Herdman’s who’s a mentor and former boss of Priestman also been accused of drone spying: https://www.tsn.ca/canadian-men-s-team-shown-video-of-honduran-practice-during-world-cup-qualifying-source-says-1.2154159
Yeah it is egregious. The original deal was already a sham because for giving up huge swaths of land they are only getting paid $4 per head per year for 1400 people. This is essentially a lease of $5,600 for 100,000 square kilometers of land. Which includes Thunder Bay, North Bay, Sault Ste. Marie and Sudbury. These people were manipulated into giving up their land, and we can’t even honor the original scam.
Hello? The average income of this district is twice that of the province, and of the city. Half the residents live in the wealthy neighbourhoods in the district. This is our 1%. Inflation doesn’t impact them. Higher capital gains tax does. The other half are in apartment buildings along yonge in mid-town. Fashionable and desirable area. The north boundary of district is called “young and eligible”. Rising cost of homes impact their home ownership aspirations. Some of these apartment dwellers have swung to cons. Libs have fucked up big time.
It always drive prices higher.