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Is this good? For you guys? I hope so. Canada is now the guiding star.
Compared to Pierre Poilievre (Maple MAGA forgone winner of the next election before Trudeau resigned)... 10000000000000x better
Overall? probably a bit better than usual
He has a PhD in Economics and was the head of the Bank of Canada and more recently the head of the Bank of England. So yeah……can’t think of a better resume to navigate us through a trade war.
Worth noting he was head of Bank of Canada during the 08 crash and was pretty widely lauded for navigating it so well. So he's proven himself in a crisis.
Would I prefer someone further left? Of course, but as long as we live in a market economy we may as well have someone knowledgeable about it and who has at least expressed a desire to make it more fair.
According to this 2013 BBC article:
I don't know anything about him, but given the current economic climate, I'm skeptical. Hopefully he's good for Canada, and can deal with the economic catastrophe Trump is creating.
He at least won’t privatize your healthcare.
Bank director as prime minister...
This will be bad in the long run.
There's going to be an election this year, so he may not be PM that long.
No, he pushed mass immigration, in order to derive what he calls economic growth as we trade homes back and forth for ever larger sums, as zoning and developer fees prevent new development.
Housing and rents doubled in 10 years as we did 4% population growth and bought 50% of mortgage bonds, all as he was a Liberal advisor. He's a champaign socialist like our NDP, and we have no real worker parties left.
When? as the head of the Bank of Canada under Harper?!
If your rents doubled while your population increase was only 4%, it sounds like immigration wasn't the issue, now was it?
Blaming poor people for the housing bubble is like blaming a fish for the rain. Look up.
The problem is nimbyism, sprawled zoning, and large developer taxes used to lower property taxes; which is why matching immigration to housing completions is important, and an obvious thing to do if you care about the poor.
But people downvote criticism of their faux progressives. People got a whole 400$ in dental work as their rents doubled, wholly unfunded and paid with future austerity of course.
Matching population to available housing... Seems a little cart-before-the-horse. In your opinion what is the motivation to build housing, since we are controlling the demand not the supply?
Our population increased by 10 million during Trudeau. As a homeowner I'm not complaining lol
Oh. I'm sorry. I guess then pay attention as to how trump's story goes. I don't know now how it's going to go. I hope to be dead by then.
Id guess it knocks over Canada's housing bubble they built, and we have a lost decade like Japan due to trillions in misallocated capital.
Its mainly full recourse loans as well, its incredibly irresponsible to do mass immigration and stoke demand to distort the market. Its almost like they wilfully broke our country to push climate policy, I can't see any other way to explain it.