Posted on: 19-08-15 11:38:11
Quote:
Originally posted by Blue_Peafowl
Chalo local manufacturing ko Fayada hoga....
hope now they stay low for at least few years ...
sudden increase in rate will create huge Havoc/Chaos
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Rumours have it that the rates will stay put around the same level for a period of Two years. But it could change if circumstances warrant an increase. The change is for upward movement.
But with our economy in a down turn and no amount of inducement will bring about a change to the positive side, people always look for another drop of a quarter point to stimulate the economy. Every time they do this, the reverse seems to happen and we end up with a status quo and see the money moving out to countries with cheap labour. In many an instance, they have closed the plant and physically moved them away from Canada.
All it goes to show is that we have a very large land mass and with a very small population, we are unable to run it suitable to bring about a prosperous country as the Governments have NO PLANS to bring about a change to help the population that is screaming for good jobs to keep them going. These minimum wage jobs and fight for fifteen is just a show to tell the public that they are doing something. It is just an eye wash.
We have been learning to live with any kind of situation, come hell or high water, as that is the human nature to overcome adversities and move on. We seem to adapt to even the worst scenarios. (It is like cooking a lobster from the cold state to a boiling state)
FH.
Quote:
Originally posted by Blue_Peafowl
Chalo local manufacturing ko Fayada hoga....
Nahin hoga - they all left for China already. Canada's only hope is the Real Estate sector that the Govts are fighting tooth and nail by keeping the rates low.
I said it time and again, focus on the commodity, lumber, agriculture, services exports to Asia and Europe. Advertise Educational sector, and promote Canada aggressively for tourism. Get the newly Rich/Millionaires in Asia to invest here. In any case, expanding the horizon/perspective always plays out well for individuals, companies, and the Govts. As long as they stick out to US market, they are doomed to fail. You can't afford to put all eggs in one basket.
Also heard this morning on CBC that US is also withholding the rate increase in the next quarter and deferring it for now.
So, get used to the lower rates while they last. Try to pay out as much mortgage as you can while they are low, for you will have a sustenance if the rates jump up slightly later on.
I have been told by friends who are in position of control (CGs, CAs and controllers) that the rate drop has reduced the interest burden on most industry which frees up some cash for the business to invest in marketing and sales activities. It also becomes affordable to borrow to invest for short term gains.
I have no idea what goes on in the financial sector - but it seems that too many cooks are spoiling the broth scenario. There should not have been any micro managing by the BOC or Federal bank and let the market stabilize itself. It seems to me that the quantitative easing and fiscal support provided by the US Fed in 2009~2010 era had ulterior motives besides the local economy.
Wouldn't it be beneficial to repay the mortgage at a faster pace when the rates are higher?
Hiren
Quote:
ANOTHER RATE CUT.. ON THE 9th SEPTEMBER 2015. Mmmm..I am eagerly waiting.
The Bank of Canada will cut interest rates at its Sept. 9 meeting, National Bank Financial says, becoming the first major bank to call for a cut amid signs market turmoil threatens an economic recovery.
Speaking by phone from Montreal on Wednesday, economist Paul-Andre Pinsonnault predicted Governor Stephen Poloz will cut the policy rate by a quarter point to 0.25 percent next month, matching a record low set in 2009 during the global financial crisis.
Will we get the full benefit of the drop this time?! javascript:smilie('
FH.
http://business.financialpost.com/investing/global-investor/bank-of-canada-will-cut-interest-rates-again-on-sept-9-national-bank-predicts
Quote:
See how they manipulate the facts...!!
Compared with 12 months earlier, employment was up by 193,000 or 1.1%. Over the same period, full-time work increased by 318,000 (+2.2%) while part time declined by 125,000 (-3.6%). At the same time, the total number of hours worked rose 2.1%.
In August, employment increased among women aged 55 and older, while it edged down for men and women aged 25 to 54. There was little employment change among the other demographic groups.
Provincially, employment rose in Saskatchewan, Newfoundland and Labrador, Manitoba and New Brunswick. There was little change in the other provinces.
Employment increased in public administration and educational services, while it was little changed in the remaining industries.
The number of public sector employees was up in August, while self-employment edged down. At the same time, private sector employment was little changed.
FH
link. :
http://www.canadianrealestatemagazine.ca/news/canada-job-numbers-for-august-hit-195839.aspx
HRH LMC
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Quote:
Do you find that the family life in Canada isn’t the same today as it was 30 years ago, and public policy is struggling to catch up? Is it also true that the era of the male-breadwinner family is over? Thirty years ago, less than half of the women between the ages of 25-54 years worked full time. Today, two-thirds of those women are putting in 35 hours a week or more. Men have seen their full-time incomes increase by less than 5% in thirty years, making the employment incomes of women living in families a matter of necessity as much as choice.
The impact of women’s increased participation in work has not meant the ‘end of men.’ Women entering the workforce are not replacing men — as is evident from the relatively stable levels of male employment during the same period that women’s employment rose. Would you consider this as a trend in the job market?
The increase in women’s participation in paid work has been a net gain to the economy. It has also been a gain to the economic security of women and their families. But it has brought in newer trend where in the children are made a ward of a baby sitting service and the Parents are now become a Sunday Dad or a Bed time MOM.
Are the families paying 42.1% in taxes and 36.6 on basic necessities, which goes to show that we all are getting flogged and are left with little or no savings to show and take care of our future in the retirement years.
What are your thoughts on this subject matter, as we find that we are into a Recession and
the only way out of this is through additional taxation. The strong Industrial Base is dying as the rest of the world is catching up with the wages that we were used to.
What do you call this revolution? For the lack of a word I want to call it the "CATCH UP CURSE".!!
http://www.fraserinstitute.org/studies/taxes-versus-necessities-life-canadian-consumer-tax-index-2015-edition
http://www.fraserinstitute.org/sites/default/files/canadian-consumer-tax-index-2015.pdf
Here are a few links that I dug up to back my statement and it is befitting our current state of Financial Affairs. Some of these studies are done on an Yearly basis and you might find it an year old. That is the nature of the beast. Take it from there.
That is our Canada for all of the world to know, as it stands today.
FH.
