The number two at Canada’s central bank just made it clear she isn’t a policy cheerleader, like the Governor has been in recent months. Bank of Canada (BoC) Deputy Governor Carolyn Rogers addressed finance professionals at the Economic Club of Canada last week, explaining the usual mortgage market risks. It got more interesting when she trekked into the rarely discussed issue of cheap credit and extended amortizations and how they actually erode affordability, even though politicians claim otherwise. The Deputy Governor warned policymakers that “there’s no free lunch,” and tinkering with the mortgage market can have the opposite impact while amplifying longer term risks to households, and the greater economy. https://betterdwelling.com/bank-of-canada-warns-policymakers-against-tinkering-with-mortgages/

Trudeau's billion-dollar satellite loan doesn't mandate internet connection: report! Prime Minister Trudeau announced September 13 that Telesat would build a $2.1 billion satellite constellation that connects Canadians to the internet. Though terms of the agreement remain confidential, a cabinet inquiry says Telesat is not required to connect households. 🇨🇦 #NoMoreLiberalsAndNDP 🇨🇦 🇨🇦 #SayingTheQuietPartOutLoud 🇨🇦 🇨🇦 #resigntrudeau 🇨🇦 🇨🇦 #JustSayNoMore 🇨🇦 https://www.rebelnews.com/trudeau_s_2_1_billion_loan_to_build_satellites_doesn_t_mandate_internet_connection_report

Former Bank of Canada head demands transparency on Trudeau’s expensive climate programs! A former central bank governor wants transparency on Trudeau’s climate plan, noting there is incredible strain on household finances. David Dodge, 81, did not clarify those burdens. 🇨🇦 #NoMoreLiberalsAndNDP 🇨🇦 🇨🇦 #SayingTheQuietPartOutLoud 🇨🇦 🇨🇦 #resigntrudeau 🇨🇦 🇨🇦 #JustSayNoMore 🇨🇦 https://www.rebelnews.com/former_bank_of_canada_head_demands_transparency_on_trudeaus_expensive_climate_programs

Something devastating is almost certainly going to happen BEFORE Jan 6, 2025, especially if the election can't be stolen like the democrats are attempting to do . . . EU Warns "Citizens" To Prepare For A Nuclear Disaster A report published on Wednesday by former Finnish President Sauli Niinisto, says that EU citizens should start stockpiling three days’ worth of goods in order to be ready for various potential disasters, including a nuclear conflict. The initiative is part of the EU’s push to make the bloc more resilient in the face of supposedly mounting threats, ranging from natural disasters to a major military conflict, according to a report by RT. The report encourages EU households to stockpile “basic self-sufficiency” goods that would last for at least 72 hours for fear of potential shortages in case of “armed aggression through conventional means” or other hostile activities such as “cyberattacks or the use of chemical, biological, radiological or nuclear weapons.”​ https://www.zerohedge.com/markets/eu-warns-citizens-prepare-nuclear-disaster

The country managed to add 504k people in the first half of the year, but virtually no growth in active businesses. That a lot of people that required no additional services. Not a crisis per se, but it emphasizes the weakness of households when record population growth is met with virtually no new businesses. https://betterdwelling.com/canada-added-500k-people-but-no-new-businesses/

Feds say household cats are an ‘ecological peril’! Canadians keep 8.5 million cats nationwide, which Environment and Climate Change Canada considers to be an “ecological peril” for migratory birds. 🇨🇦 #NoMoreLiberalsAndNDP 🇨🇦 🇨🇦 #SayingTheQuietPartOutLoud 🇨🇦 🇨🇦 #resigntrudeau 🇨🇦 🇨🇦 #JustSayNoMore 🇨🇦 https://www.rebelnews.com/feds_say_household_cats_are_an_ecological_peril

German state media broadcaster develops virtual reality game in which players shoot lasers at flying climate denialists . . . Climatists at the German state media broadcaster Südwestrundfunk (SWR) have used the mandatory license fees they collect from all German households to produce an astounding virtual reality video game called GreenGuardiansVR. In this game, players shoot lasers at flying climate denialists to defeat disinformation and save the planet (h/t RatSays). This is literally true, this thing really exists. It will be released to the public sometime in the autumn; the Steam page is here: https://store.steampowered.com/app/3061520/GreenGuardiansVR/

Our entire economy is fueled by debt. In fact, if going into more debt was suddenly banned the U.S. economy would instantly hit a brick wall. For the vast majority of us, our lifestyles simply cannot be funded by what we actually make. So we use debt to bridge the difference, and this has particularly been true during the cost of living crisis. Total household debt has now reached a grand total of 17.8 trillion dollars, and we continue to pile up more with no end in sight… https://www.activistpost.com/2024/08/thanks-to-the-cost-of-living-crisis-u-s-household-debt-has-soared-to-the-highest-level-ever-recorded.html

(Kitco News) – Recession fears have spiked in recent weeks amid deteriorating economic conditions and persistently high inflation, and for Canadians, the pinch in the pocketbook is only exacerbated by high taxes, with one report showing that in 2023, the average Canadian household spent 43% of its income on taxes alone. https://www.kitco.com/news/article/2024-08-09/canadians-spend-43-income-taxes-more-food-housing-and-clothing-combined

In a recent report, the Fraser Institute revealed that the average Canadian family is spending 43 percent of its annual income on taxes and just 35.6 percent on basic necessities like food and shelter. The independent economic think tank examined how the tax burden on Canadian families has shifted from 1961 to 2024. The tax bill has jumped by 2,705 percent, according to the report, which found that an average household earned an income of $109,235 and paid $46,988 in total taxes. https://thepostmillennial.com/average-canadian-household-pays-43-of-income-on-taxes-only-35-6-on-basic-necessities