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Inflation

I love that Freeland in one of her last speeches said she felt what Canadians are going through and was going to give up the Disney streaming service at home , wow , out of touch much?

And this week we have two second tier ministers ( one an idiot) Seamus, and some NDP shill headed to Alberta to tell the people how the liberal green initiatives will be the saviour and oil jobs will get little federal aid .
I’d retire tomorrow if I thought my saved money would buy me a car and a sandwich in 10 yrs .


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To anyone that has a mortgage renewing in 2023, get ready.
It's now going to cost an additional $4800.00 dollars to live in the same house this year.
We'll see where property taxes go, but I am pretty sure it won't be lower...
With everything heading up, I expect that number to perhaps double for overall cost of living expenses for 2023 and beyond.

While we have savings etc. Dipping into them now to make ends meet will hurt us later in life and perhaps delay retirement etc.
I hope I am incorrect in my "dreary" view of the short term future..
 
Jampy00 said:
To anyone that has a mortgage renewing in 2023, get ready.
It's now going to cost an additional $4800.00 dollars to live in the same house this year.
We'll see where property taxes go, but I am pretty sure it won't be lower...
With everything heading up, I expect that number to perhaps double for overall cost of living expenses for 2023 and beyond.

While we have savings etc. Dipping into them now to make ends meet will hurt us later in life and perhaps delay retirement etc.
I hope I am incorrect in my "dreary" view of the short term future..
Click to expand...
I dont renew for a year. Making payments now that would roughly cover a rate just over 3.5. Obviously payments will go up and principal paid off will go down next year unless I refinance to extend term (so payments could remain the same but obviously principal payments go right in the crapper). I have kept interest below principal for all years except one (screwed by mortgage broker). Outlook not so good to keep that trend going.
 
Carbon taxes are set to go up again soon, rising costs of living will soon push people to the brink
 
Jampy00 said:
To anyone that has a mortgage renewing in 2023, get ready.
It's now going to cost an additional $4800.00 dollars to live in the same house this year.
We'll see where property taxes go, but I am pretty sure it won't be lower...
With everything heading up, I expect that number to perhaps double for overall cost of living expenses for 2023 and beyond.

While we have savings etc. Dipping into them now to make ends meet will hurt us later in life and perhaps delay retirement etc.
I hope I am incorrect in my "dreary" view of the short term future..
Click to expand...
I have just over 2 years until renewal. Rates at the time will determine the course of action. Probably have to pay it off unless rates drop again,the good thing is that it will free up 24g in after tax income so 50g before tax.

Sent from the future
 
crankcall said:
I love that Freeland in one of her last speeches said she felt what Canadians are going through and was going to give up the Disney streaming service at home , wow , out of touch much?

And this week we have two second tier ministers ( one an idiot) Seamus, and some NDP shill headed to Alberta to tell the people how the liberal green initiatives will be the saviour and oil jobs will get little federal aid .
I’d retire tomorrow if I thought my saved money would buy me a car and a sandwich in 10 yrs .


Sent from my iPhone using GTAMotorcycle.com
Click to expand...
I love Freeland's statement that the budget gets balanced in 2027.

That sounded like an early concession speech -- the only way the budget gets balanced is if the PCs get in by 2025.
 
Mad Mike said:
I love Freeland's statement that the budget gets balanced in 2027.

That sounded like an early concession speech -- the only way the budget gets balanced is if the PCs get in by 2025.
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No PC government has even tried to be responsible recently. Last fiscally responsible government we had was the liberals with Paul Martin in finance. It would be easy to get behind another government like that.

Sent from the future
 
Never looked lately, but taxes are also going up from your paycheque. After all said and done we will be close to 55% in taxes if not more
 
Thats a lot of dough Scuba . When we cleared our again , for the second time... grrr.... we had some fun left over so my wife announce she was retiring early...ggrrrrr....

we may never see another Paul Martin style gov't in our lifetime.

The never ending Carbon taxes are only driving the cost of everything to the moon , and as our standard of living drops , and the missus and I do quite fine, I can imagine what a lot of Canadian families are thinking. Blowing through millions propping up non problems (gun buybacks anyone?) is not a solution. Maybe stop hiring consultants for millions , or give us a list of names so we can just elect some smart guys and bypass your idiots.
 
I’m getting pretty close to six figure deductions.

I almost cry when I see my yr end.

Yeah some say cup half full but it’s still painful when i know I’ll not even get half of it back by maxing out rrsp
 
Scuba Steve said:
No PC government has even tried to be responsible recently. Last fiscally responsible government we had was the liberals with Paul Martin in finance. It would be easy to get behind another government like that.

Sent from the future
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Sort of, it takes years to realign govt spending when it's out of balance, particularly when it's related to expansion of govt or entitlements.

It's no coincidence Martin/Crietien balanced, they inherited a balanced financial situation, it took the prior govt a decade to retool the financial carnage left by JTs dad.

Harper had balanced years. Ford balanced last year. Jt inherited a balanced budget, like his dad he spends like a drunken sailor.
 
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mimico_polak said:
Sign of things to come? Or just good ol cost cutting for shareholder value?

www.thestar.com

Amazon to lay off 18,000 global employees, sending a new wave of worry through Toronto’s tech sector

Some companies are concerned about the increasing likelihood of a recession, as well as customers getting hungrier to return to in-person shopping.
www.thestar.com www.thestar.com
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Expect many companies but especially tech companies to thin the ranks. Pandemic created crazy unsustained demand. High growth time meant hiring as fast as possible. Now that things are slowing down companies cut the fat.
 
GreyGhost said:
Expect many companies but especially tech companies to thin the ranks. Pandemic created crazy unsustained demand. High growth time meant hiring as fast as possible. Now that things are slowing down companies cut the fat.
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That's just the normal cycle for companies with high flying stocks. Investors look at revenue growth and market dominance, if those have room to grow they don't care about operational efficiencies and workforce productivity, mo-people philosophy to handling growth and challenges. Once the growth levels off, it becomes necessary to focus on productivity.

That happens to all high-flying tech giants ss their businesses mature. Amazon will start driving drive profits through efficiencies and productivity gains less-people.
 
Seems to happen to all tech companies, we are going to be xxx big so we need 3.5 zillion employees, 3 yrs later , not hitting our growth target , 3.2 zillion of you need to go . Sorry you gave up a boring secure bottom tier job to ride our wave , but we are about to hit the beach.


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crankcall said:
Seems to happen to all tech companies, we are going to be xxx big so we need 3.5 zillion employees, 3 yrs later , not hitting our growth target , 3.2 zillion of you need to go . Sorry you gave up a boring secure bottom tier job to ride our wave , but we are about to hit the beach.


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Click to expand...
Hopefully the employees were smart enough to realize that they were on a rocket not a cruise ship and the ride would be fun but short. Bank the hell out of it and go back to a boring job with a huge warchest.
 
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