Canada Financial General

I made a thread on this earlier and nobody replied :(

So I think either we decouple with the US and keep rates low, or possibly negative as Poloz suggested, which would be unprecedented and would destroy our currency, or we raise rates and bring destruction upon the credit system. I dunno. Someone smarter than me will have to post, I'm just a lowly Canadian.

i'm not a cuck like you OP but the plan is simple. we sell CAD at a reasonably adjusted slightly higher price to the americans on the premise that CAD is bound to return to normal levels in the near future. we then sell the USD acquired for CAD and rinse and repeat

>>1022143
Oh didn't see other thread.

Tbqh though I really hope that CAD keeps falling since I've nearly all my money in US stocks... Fuck this country

>>1022131
>tfw u trust a drama teacher over someone with a masters degree in economics to run the economy

What kind of world do we live in where the smart ones are ruled by some stupid ideology that has been proven wrong for the last 40 years, and the supposed "dreamers" are pragmatic and get shit done.

Invest in weed stock, APH is about to kick off.

>>1022197
>DUDE WEED: the post
kill yourself

>>1022197
I can't tell if you're in favor of Trudeau or not.

He's literally a retard with no qualifications at all who got in thanks to his daddy who ruined the country.

>>1022203
You can pretend he's a trust fund kid, but the reason he is PM right now is because the Conservatives fucked up, and the NDP tried to be a centrist party.

If you think Trudeau runs everything, you're retarded. He has decent people working for him to take care of things. It's a different government style than the dictatorial style of the previous government, so I understand it might take you some time to figure out. Especially if your only source of news is /pol/.

>>1022210
>You can pretend he's a trust fund kid, but the reason he is PM right now is because the Conservatives fucked up, and the NDP tried to be a centrist party.

But he IS a trust fund kid. The reason he got elected is because his dad was a PM. That's it.

His qualifications are being a highschool drama teacher, a "bouncer"(I doubt he would put his pretty face into harms' way tho) and some other irrelevant shit.

>Harper gets elected
>He shouldnt even b the prime minister less than half the country voted him in!!!

>Trudeau wins with <40% of the vote
>YEAHH DEMOCRACY WINS AGAIN, WE STOPPED HARPER

>>1022131
No you didn't, you elected local representatives whose governing body has a teacher as their public face.

He doesn't make decisions,if you think he's the chief economist now,you're dead wrong

Why don't we just use the USD? Fuck CAD. I have to pay so much more for stuff.

>>1022197
APH
>mfw I invested in that a while ago

>>1022222
nice dubs

>>1022131
The advantage of having Trudeau as a Prime Minister is his inexperience - if he wants to fuck the country up even worse than it is, he simply doesn't know how.

Harper went all in on big oil - apparently oilsands can compete with the stuff out of Saudi Arabia, Russia, United States and Venezuela, and he lost terribly. All these years Germany has a commitment to be completely renewable, and invests in solar, wind and fusion. So does South Korea and Japan.

>mfw when I voted for Trudeau and proud of it.
>before you talk shit I have two decent side businesses AND a full time job.

>>1022279
>Voting for your own demise

>Wants to allow gay mens blood for collection, despite 63% of HIV in Canada being transmitted by gay men
http://www.gaystarnews.com/article/canadian-young-liberals-want-end-gay-blood-donation-ban290914/

>Wants to let Mexicans come here without any visa requirements
http://www.therecord.com/news-story/5930697-trudeau-says-will-remove-visas-for-mexicans/

>Kicking out military from their own bases to make space for refugees
http://www.ctvnews.ca/canada/troops-clearing-space-at-cfb-kingston-for-syrian-refugees-1.2670111

>One of his main advisers (Wynne) is responsible for defrauding citizens of over $37 BILLION
http://www.thestar.com/news/queenspark/2015/12/02/ontario-consumers-likely-paying-billions-extra-for-hydro-one-decisions-auditor-general.html

>Wants to implement a 'carbon tax credit' scheme that will cost citizens BILLIONS
http://www.ctvnews.ca/canada/the-price-of-paris-canada-sends-more-than-300-delegates-to-climate-talks-1.2686239

>Want's to spend BILLIONS of tax dollars on importing 'refugees'
http://thechronicleherald.ca/canada/1323355-cost-of-canada%E2%80%99s-syrian-refugee-plan-pegged-at-1.2b-over-six-years

>Sent over 300people to Paris Climate Summit, more than the USA, UK, and Australia combined - Where they gave away billions to 3rd world countries for "green energy"
http://www.ctvnews.ca/canada/the-price-of-paris-canada-sends-more-than-300-delegates-to-climate-talks-1.2686239

"According to figures provided to CTV, the federal government has budgeted more than $650,000 for the Environment and Climate Change Canada (ECCC) delegation alone.

In addition, an estimated $121,500 will been provided to other Canadian delegates"

>THE TAX AND SPEND LIBERALS ARE BACK IN FULL EFFECT - Reminder our deficit for 2015 is already up to $10BILLION

>>1022222
Wow, great argument fagtron you sure convinced me with those hot opinions.

>being conservative
>bitching about the FPTP system
>any other voting system is Anti-Canadian
>pretending Canada isn't a centre-left country

Seriously, go back to /pol/.

>>1022286
le weed smoker detected >>1022285

>>1022153
Amen, brother.
>2008 real estate boom in Western Canada
>sell a property that was already fully paid off
>don't really want to buy more properties at those prices
>S&P500 busts below 1000, buy a little around 900
>S&P500 falls another 20% from there. Ouch. Help me Baby Jesus!
>buy a lot more
>bottoms soon after, around famous 666 level
>S&P500 triples over next 7 years while CAD crumpled to near all time lows vs. USD
>mfw today I'm retired on 35 acres of wooded pasture land all paid off with cash, a rental property in the city bringing in 1700/mo and still have over 500K in stock market.

As a Canadian, I can say fuck Canada's shitty stock market and fuck the CAD, I hope Quebec threatens to seperate again and CAD goes to 50cents

>>1022222
This is a textbook example of "Don't hate the player, hate the game." FPTP is broken and no matter who got in they would receive <51% of the vote. The only difference is that Trudeau is going to at least try and fix the broken system.

For me, this was the most important election issue. I wasn't going to vote Liberals but if they can find a better method of representation, or at least try, then they need to use FPTP to be put in a position to do so.

>>1022321
This is what sucks about Canada. A bunch of people won the housing lottery and act like they earned it, meanwhile most educated people leave this country and the rest have hardly any hope of buying houses or actually participating in the economy.

Now if the Bank of Canada decides to keep devaluing it will actually turn Canada into a third world banana republic.

>>1022341
I'm curious to see if reform could open up opportunity for the Libertarian Party of Canada. Check out their god-tier platform. I can find no flaws.
https://www.libertarian.ca/platform

CAD sucks. But we work in Canadia, and earn CAD.

How does one get an independent stream of income in USD? One idea is to hold a US stock and collect its dividends in USD.

Thoughts?

>>1022406
Should do it in an RRSP not a TFSA, dividend tax treaty only applies to RRSPs. You can do it in other accounts, even non-registered, but there will be a foreign dividend tax withheld automatically off of each dividend payment

>>1022437
If you hold it outside a TFSA, you get a credit for the tax you paid Uncle Sam.

Also, you can't really hold USD inside a TFSA. The banks have come up with some wonderfully complicated money market instruments that make it seem like you're holding USD, but for the purpose of creating a USD income it just doesn't cut it.

>>1022437
Also, why the fuck doesn't the treaty apply and when will this shit be fixed, these accounts have been around for like 7 or 8 years now.

>>1022450
I hold shitloads of US stocks in my TFSA. I hold USD in my TFSA. Your info is not accurate

>>1022437
Huh?

I buy VFV with my TFSA shekels, what u talking about senpai?

RRSPs are a meme

>>1022379
>https://www.libertarian.ca/platform
This sounds pretty extreme and I'm not sure how popular it would be but moving away from FPTP is a god-send for smaller parties like this. I'd honestly be really glad to see these guys get some air time.

>>1022470
You're free to hold US denominated securities in many kinds of accounts, the dividends will have tax withheld however. As this guy >>1022450 pointed out correctly, you get a tax credit for those foreign taxes withheld, however you'll be able to grow your account faster if you are keeping all those dividends tax-free

>>1022470
>>1022458

Kinda. Your money has to go in as CAD, and come out as CAD, as your money needs to be tallied in CAD against your contribution.

So you're correct that it can hold USD, however it doesn't work for what I'm talking about - an income in USD that completely ignores CAD.

Although, after reading some things right now, it might have changed. I'll investigate further

>>1022647
>against your contribution limit

>>1022647
>>1022450
Disregard this, I'm retarded.

>>1022453
Moving on, let's talk about this.

>>1022131
Rather have Trudeau in power than Stephen "Old Stock Cultural Barbarism" Harper aka Trump 0.5

>>1022657
>Rather have Trudeau in power than Stephen "Old Stock Cultural Barbarism" Harper aka Trump 0.5

But why?

Plus why don't you like Trump?

>>1022453
>>1022655
I don't forsee it being fixed in near future. Trudeau is rolling back the contribution limits so like most people I don't think he recognizes the value of the TFSA for building new wealth.

>>1022661
Well they're both brash cunts for a start

>>1022197
I think people on this site underestimate him too much but yeah, people are becoming less interested in politics and more interested in showmanship. Justin Trudeau has personality unlike the pale faced jew that was just in office and Mulcair. College kids are enamored by his good looks and promises. He probably has the political connections that were once his fathers and an alright advisory, I just hope he doesn't go full commie on this country.

>>1022285
you are fucking retarded

>>1022791
>Trudeau lover gets BTFO

>Nothing to say against numerous links and credible sources showing the weed man is nothing but a fraud
>y-yeah we'll ur retarded! And harper is gay!

>>1022795
I bet you live in ON so I think its hilarious that you have to live with both that dyke wynne and pretty boy trudeau
I dont need links to tell that you're a faggot

>>1022802
So how does that make my post retarded again?

that's all nice eh boys but what about interest rates? are we going to go full blown peso mode or are we gonna crash the housing market? cause it seems like one or the other right now

>>1022807
If you really are a faggot your post is definitely retarded too

>>1022813
Why aren't you sucking cocks tho?

It's 2015!

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>>1022816
you know whos cock you probably sucked is this cunts

>>1022824
would desu.

Why does /biz/ have so many Canadians? I keep seeing these threads complaining about Canada, while there are barely any Australian or Brazilian threads in comparison.

Well, Brazilians mostly complain on /int/.

>>1022869
>I keep seeing these threads complaining about Canada, while there are barely any Australian or Brazilian threads in comparison.

Austrailians are shitposting on /pol/ and /int/ and Brazilians are getting killed in favelas.

>>1022453
It's meant to apply for "retirement" accounts. TFSA isn't specifically meant for retirement.

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>>1022869

Ausfags are shitposting the FUCK out of /b/, /pol/ and /vg/. Particularly /d2g/

>mfw CAD is at parity with AUD
Fark. Now i know why it was going to cost me 580 dollarydoos to buy a new baseball bat from the US.

>>1024306
>Fark. Now i know why it was going to cost me 580 dollarydoos to buy a new baseball bat from the US.

>Not just stealing the baseball bat then hitting the person you stole it from when they try to get it back

Are you dumb or something desu?

I opened a TFSA with BMO today. 500 bucks in. How do I take that money in my TFSA and invest it in VOO now? Do I still need a broker?

Canadians as a whole are really fucking dumb. It's depressing living here and having conversations with anyone.

I was at a party and some "environmentalist" tried to convince me that the US gets 90% of their electricity from Canada.

Our entire generation is incapable of logic because we aren't taught shit in our education system. We just spout anything and being Canadian the next dumbfuck just nods their head acting like it's gospel. At least that's how it goes in Ontario.

Our immigration problem is nothing compared to how stupid white Canadians are. So glad we spent another class learning about feelings instead of financial responsibility.

>>1024309

Baseball's a minority sport in Ausfuckistan. Only way to get quality gear is to import it.

>>1024316
You need a self-directed TFSA.. You can ask BMO to invest it in VOO for you but they're going to look at you like you're retarded.

>>1024316
> this thread
Not a fan of Trudeau (I voted NDP), but why are right-wingers such drama queens? You guys seem to be mimicing GOP style hyperbolic and inane anti-Obamaism.

I also find it paticularly pathetic and despicable how many "Canadians" don't value our national sovereignty. Frankly, I thonk anyone who wants us to be absorbed by the USA should be deported from this country.

The USA is our closest ally, but they are and always have been our greatest existential threat.

>>1024335
This is true.

Canadians are fucking retards overall. I think it's a product of an easy and sheltered life, people in other countries usually have better critical thinking skills and become adults much sooner.

In Canada it feels as though if you move out by 26 years old and aren't calling your parents for money every week it's as if you're a successful young millionaire.

>>1024355
>Not a fan of Trudeau (I voted NDP)

>Voting for literal socialists

>>1024358
Totally agree on everything. I moved out at 18 and paid off my home by 26. I shouldn't be considered special but people are mesmerized because most of the country lives paycheck to paycheck. It's not that difficult to live within your means. Everyone here just needs personal gratification 24/7.

>>1024349
So my BMO TFSA can't be used to invest in VOO?

>>1024371
>It's not that difficult to live within your means. Everyone here just needs personal gratification 24/7.

Idk if it's personal gratification but it seems like laziness and a constant dependence on something and certainly entitlement.

People will apply to 1-5 jobs per week(more like month) and wonder why they're not getting job interviews let alone hired and then just say "Ah well it's bad economy no big deal".

Even adults here seem to think things come from the sky. I've literally heard grown women say:
>Oh we got free healthcare, haha it's great I don't have to pay for this
>Oh cool minimum wage is going up! About time!!

It's as if they don't realize how these things come about

>>1024316
>>1024375
Don't buy VOO.

Buy VFV, that's the Canadian VOO.

>>1024378
Ok, VFV it is.

But still, can I invest in that using my BMO TFSA or do I need some sort of special investment TFSA thing.

>>1024371
What field do you work in?
Canadafag here too, Canada had that whole colonial start which was good, but it didn't add value like the US it mostly became a banana republic for oil and now oil is cheap so...

It was mostly a lack of population I think. The weird thing is how quickly people went from being frugal to being totally idiotic, like two generations. I guess the same can be said of the US. My mom was given a fucking house and she managed to piss everything away and now she has a mortgage. I'm easily the most frugal person I know.

>>1024382
>But still, can I invest in that using my BMO TFSA or do I need some sort of special investment TFSA thing.

You can.

You can buy ETFs through your TFSA you need to like "link" it with your broker account tho. Not sure how it goes with BMO but just look at it or give them a call to find out how.

>>1024382

There's either regular accounts or self-directed accounts. Sounds like you signed up for a regular account so you can't make the trade yourself. You'd have to walk in to BMO and ask them to make it for you.

Man I just wanna know what the play is. Like, are they gonna let the dollar devalue to infinity and let housing skyrocket? Cause that seems to be the plan. In which case I can buy a million dollar house in fucking saskatchewan and cash out when it's worth ten. Doesn't matter that bread is $20 in that circumstance.

Or maybe they'll raise rates with the US? Seems unlikely given the state of the housing market. Would be nice though, I don't really want Canada to be a third world country. I think we're headed that way though. Not surprising considering who we share a border with.

Thoughts on the whole interest rate/currency thing?

>>1024428
>In which case I can buy a million dollar house in fucking saskatchewan and cash out when it's worth ten. Doesn't matter that bread is $20 in that circumstance.

Housing is going to fucking collapse soon, my man. It's at a tipping point and already has started suffering.

>>1024428
The dollars decreased because our precious export oil crashed.
Bank of Canada is looking at lowering rates or keeping them the same for the foreseeable future.

As US increases their interest rates their dollar goes up so ours could continue to slide.

If you want to figure this out read the business news pretty basic stuff.

>>1024432
Is it different this time? Housing demand, overseas money looking to park, capital everywhere looking for return? Or is it classic speculation where everyone's gonna run for the door?

>>1024448
>Is it different this time? Housing demand, overseas money looking to park, capital everywhere looking for return?

Yes it is different because our housing prices have reached a new absurdness at this point. They are simply too expensive for people to be affording anymore and combined with our economy getting rekt means that people are unable/uninterested in purchasing homes now while boomers with houses are dying.

I wouldn't worry about it.

You have oil, and curling, and Gordon Lightfoot.

At least two of these will pull you through.

>>1024446
Yeah... I know... that's what I thought. I just wanted to hope Canada could avoid becoming Mexico :(

>>1024454
house prices are pretty high, but for foreigners it's not so bad due to the devaluation. Which is why I think this might continue. You're right though, a city can only handle so much. But London and Vancouver are still standing. I don't know how they actually have workers in these cities though, it baffles me

Are there any chances for a start-up being viable in Canada? It seems like a great opportunity right now, with our Canadian dollar being weak and exports being cheap. Would more investors be willing to invest in new start-ups to get the economy going? I feel my service/product I'm going to provide would be more viable in US than Canada

>>1022131
I just want the Chinese to Gtfo as fast as humanly possible.

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>>1024306

Play Australian baseball instead.

>>1024588

What are your labor laws like for now and the forseeable future? From what I read the new PM is a all about PC, so if you want to hire someone based on aptitude instead of whether they're a quad-gender fluid demi-queer midget paraplegic vegan muslim, then you might have some issues to look at.

>>1022131
I'm angrily growing my beard in preparation for another awful spring.

>>1024384
Nuclear power generation. You think it's scary having a drama teacher as PM. The guy currently in charge of nuclear waste was previously a gym teacher and has no knowledge on nuclear power. He spends most of his days hiding from getting yelled at for being incompetent.

>>1022151
smart fag right here

So I had this kinda business idea while I was at work today and I googled it and couldn't find anything popular for it in Canada.

I was thinking how if I go back into time, the one thing I would change is how much I waste my money on useless shit, how nobody taught me about financial responsibility, etc. My parents are immigrants that came to Canada and they didn't teach me a thing about stocks, saving, etc. They'd spend when they didn't have to and it taught me to be more financially responsible with my money.

I'm fairly young and out of our crappy school system, where I've never had a personal finance class.

I'm thinking of starting workshops/classes aimed at 14-20 year olds about personal finance. It would be 2-3 hour lectures/workshops on the weekends for say 15-35 dollars (didn't work out the prices, just the concept). Lectures/workshops would include and cover topics such as:
> personal financing
> investing
>education (where to find scholarships, etc)
>career paths and networking/volunteering
>banking services and credit
> budgeting

There could be special or additional presentations/classes, speakers, etc that students could use a credit on (each class is worth a credit). There would be a schedule of the classes so students could attend whatever class they're interested in. When I get enough people, I would expand and offer to younger kids to get a head start (10-14), and would get the students that are interested in being mentors from previous classes to volunteer to get their hours they need for high school. I would tell them how it's a good way to network and be apart of the community etc.

I would charge the kids parents a cheaper price (maybe like 25$/month for 2 1 hour classes per week). It would be a youth empowering youth thing, and maybe the government would pay me more for what I'm giving the community.

My questions are:

>do you guys think this is a viable idea? (have to work out the details)
>Would I need a teaching license or anything?

>>1026044
cont.

The idea would target immigrant parents (my parents being immigrants meant they wanted a better life for me and would enrol me in shit like first aid, home alone, etc.), higher class parents that want their children to learn what they were never taught so they could minimize the mistakes they've made.

I would let parents be able to sit through my classes for free, that way they could tell their friends what a great class it is, etc. I would go into centers for immigrants and put up ads or talk to management to spread the word around, etc. Still working out everything but thats generally how I would grow it

>>1026044
It all sounds good now you have to find a good way to market it. Do you have a degree you can throw after your name to look official? Are you (relatively) well-known enough to get people to come? Why should I as a customer who wants to be responsible with money pay X amount of dollars to listen to you?

The idea sounds good in theory and can actually be rewarding if executed correctly, but the major issue I see is how and why are people going to come and pay to see you.

>>1026055
Or, why would people pay to be confronted with their financial realities and the broken Canadian economy. I liked the idea until I realized people prefer being dumb.

>>1026055
that's what I was thinking too, I'm on my way to my degree because I'm only 21 and work full time right now for the government. I would probably ask some other friends in business or with teaching to help out. I'd also look into friends that are into the trades and how they reached where they are now. Give them a cut of the profit on how many students they taught.

I thought it would be a problem too, but if i develop a great website, tell people that work with immigrants to assimilate to Canada to show my program, go through communities that have the target I'm looking for and asking to advertise there it would be fine. I would probably go present my idea with the government and see where I can go from there (like added onto their website, etc.)

Although credentials are important, I think a well designed website would go a far way in enticing people to join. Word of mouth through these different communities would definitely be the way I would go though. To achieve that, I'd have to make sure the curriculum is good.

>>1026082
I think part of the reason the economy is broken, is because no one is financially responsible. No one was ever taught anything, that's why all the myths about "investing is a gamble", "buy a house right away instead of just renting", etc caused our broken economy. No one wants their children to be dumb. No one sane would want their children to repeat the same mistakes they made in their life time. Good parents want their children to succeed. You have to go to the root of the problem which is the lack of knowledge they have for money, and in our terrible economy, who else is there to teach them when they don't know much themselves?

>>1026117
That's persuasive to guys like you and I, but most people dont want to delay gratification. I really like your idea but there are a lot of problems with customer base. Will they listen to your mostly textbook advice or get bored? People want a flashy song and dance get rich quick type of thing. If they have a car payment and a mortgage and carry credit card debt, are they even going to try to listen? I dunno man, I guess I'm jaded

hey. i'm basically a working poor (bit less than 24k per year) , got no debt except the payment on my house . i am not money crazy so that's why i keep my comfy job but what should i do to improve my financial situation. thought of maxing out tax-Free Savings Account (TFSA) every year , that's like 5k: i think i could manage that if i don't buy too much useless shit online (practical since i live in the country).
I don't think "beer money" online jobs are worth it, they look like glorified click farms so i bet i should invest in myself for the off chance i can write /do something i could sell . Open to ideas regarding investment strategy from my humble position, if you think something is better tahn tax-Free Savings Account (TFSA).

btw fellow canadians how do you shop online? is it worth to buy american shit and use one of those U.S. mailbox redirection service?

>>1026149
It wouldn't be just textbook advice and listening, it would be a workshop where there are exercises, simulations, etc. (still to be worked out). Those that are interested in learning, will learn no matter what. You're always going to have good students and bad students, it would be up to them to learn and absorb the information. My job would be to find out how to make those uninterested learn and make it fun for everyone.

Besides, they would have no choice, as it is their parents that enrolled them into the course. They wouldn't have a car payment, mortgage or credit card debt as they wouldn't be old enough to own any of that. What I want to do is prevent that from happening and repeating their parents mistakes.

>>1026428
The best way to improve your financial situation would be to get a better job. 24k isn't very much, I make about 32k while going to school, and will be 50k when I start making the full rate.

If you have the time, I would go back to school, maybe community college because it would be like 4k/year for 2-3 years. Other than that, you'd have to keep living frugally to max out your tfsa every year.

I wouldn't shop online right now unless its a Canadian company. Our dollar is so crappy, it makes 200 dollar things cost like 300. Add that on top to expensive shipping and duties and it could be more than what you expected to pay.

>>1024335

Most of Ontario is garbage. Southern Ontario is good though. East of Windsor and south of London is still conservative.

>>1024355

>NDP

opinion discarded

>>1022270
those are quilts my friend

>>1026559
quints*

I'm looking for >$46 oil, short loonie is a crowded trade -- Commodity bounce like 1982;1985

>>1027920
Can you elaborate?

>>1022406

The time to have done that was three years ago when CAD was still alright. With usd so high right now you're risking a turn in the other direction. Oil can only go so much lower, I'd just stick it out.

Disclosure - American with about 5% of my assets invested long in Canadian stocks.

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>>1027962

i expect usdcad to go back to 2001 level

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>>1022131

Cucknadia is and always will be fucked. It is a services economy that has sold all of its major industries to the US and other countries which have in turn dropped a steamy watery deuce on employees. Canadian employees are the first to get canned when economic conditions go south (Canadian Steel industry a good example). And we embrace the fact that we're looked at as a bunch of pushovers. Which is why Canada has no problem spreading its ass cheeks to get penetrated by thousands on thousands of Syrian refugee dog shit (not related to shit economy but enforces Canada's status as a voluntary rape victim and case study in bumfuckery)

Combine that with the wampum tier Canadian bottlecap (aka the dollar), oil in freefall, mining getting crushed, an absolutely shitty job market where government is the largest employer, sky high consumer debt, and threat of massive contagion to the Banks, and a housing market that is bubbling over because of Chinese investment.

Canada is essentially a giant ponzi scheme where taxpayers just prop up government employees who in turn do absolutely dick all for the economy. Canadian business is the laughing stock of the world.

The Canadian dollar is overvalued at the moment. Fair price should be over $2.50 CAD/USD. This country will be like post-communist Russia in the next decade.

>>1022807
Because you used several apostrophes where apostrophes weren't to be used

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>>1024335

I always figured Canadian culture was just naturally retarded tho.

"Mom I got into Queen's"
>Congrats sweetie, for what program?
"Drama"
>Omg I'm such a proud parent

The true master races have taken control of their own individual suburbs and are the real MVPs of the economy.

>Markham: Chinese
>Vaughn: Italians
>Richmond Hill: Persians

Combined, they're splitting toronto up and planning to cash in after the dollar recovers

Canadian values are just fucked. Y'all need to beat your kids ffs.

>>1028577
>The true master races have taken control of their own individual suburbs and are the real MVPs of the economy.

That's because the ones who come to Canada are the top 2% of their countries.

The average Chinaman is illiterate with fucked up teeth working at a shoe factory. It's just that we only take the ones with Masters degrees, a lot of money or both.

This would be like claiming Nigerians are a smart and hardworking group of people because in the US they are the most educated population by far... Yeah because there's <500 of them and the only ones allowed in have Doctorates or are millionaires.

>>1028577
http://www.ineedmyvisa.com/new-list-of-high-demand-occupations-for-canadian-immigration

I wouldn't put kindergarten teachers and civil engineers in the top 2% but I get your point. Instead of stepping up tho, Canadians just huddle together in the middle of buttfuck nowhere and live out their lives. Any university town you go to is a microcosm of this. Diverse, strongly ethnic student population surrounded by dumb as shit townies. Have you been to Waterloo?
Even the poor immigrant families have strong values that support a good education though. I feel like the average Canadian parent is more of the "follow your dreams, billy" type parent.

>>1028613
>Any university town you go to is a microcosm of this. Diverse, strongly ethnic student population surrounded by dumb as shit townies. Have you been to Waterloo?

Yeah that's definitely true but like I said it's because people who move across an Ocean to another country are generally ambitious. So it makes sense that they are interested in making sure their time and effort investment pays off by working hard in their new country and getting their children to work equally hard.

Some low-level petty criminal wouldn't be able to yet alone wouldn't be interested in moving so far to a new place.

>I wouldn't put kindergarten teachers and civil engineers in the top 2% but I get your point

Having enough money, education and being able to pass interviews to get into Canada is definitely the top 2% of like a billion population.

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>>1024375
Go for the Vanguard ETF's on the TSX, you can get VFV or VXC in CAD or USD(but pay IRS)

>>1026428
same situation, saving every penny in the TFSA, its too amazing a structure for savings

>>1028624
I immigrated from Australia. Trust me, getting permanent residency in this desolate ice tundra isn't that hard.

>>1026082
>I liked the idea until I realized people prefer being dumb.

This x 10000.

People would rather watch TV then read books.

bump for more earnest, serious discussion

>>1028672
are you cheese?

>>1030616
I run a multimillion dollar family business with my parents in toronto, waddya wanna talk about bud?

>>1030726
Parker?

As a no talent pleb (24K/yr) how can I exploit Canada's current financial system for easy money?
Or is this a pipe dream and I should stick to saving for school

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>>1030629
yus

>>1030799
Invest in yourself. Tsx will slide to about 7000. No making money yet

>>1030770
No?

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>>1022131

LOL Canada's fucked. At this rate, we're gonna see a 0.60 CDN/USD pair next week.

Thank God I bought US dollars back in March last year and own almost no TSX equities.

>>1022151
>bound to return to normal levels in the near future

We have an idiot right here.

What makes you think that .50 cents to the USD is not the new normal? Canada has relatively little to offer the world now that oil isn't worth shit.

you paranoid cuckadiens
just move to america
if your that concerned then again doesn't look much better with the trump deal going on

>>1022450

>Also, you can't really hold USD inside a TFSA.

Totally wrong bro.

>>1022406
I spent 20K CAD on USD back when it was 1.08 in august two years ago and have just been selling the US to pay for rent and school.

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>>1024335

I'm a Millenial (1986) and honestly, this generation is so retarded I'm scared for my money in the future, if we are to become the foundation of the economy once the boomer's die off.

I was talking to some mortgage broker cunt who was convinced that Janet Yellen is pshychotic and deliberately targeting the Canadian economy to indebt us somehow in his retarded mind.

You can sense the desperation and rage in his voice because he knows that the housing market is on the verge of implosion, and he and the other bottom feeders that flip homes and sell real estate are going to be scavenging dead rats for food in a few months.

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>>1024428

Banks fund variable mortgage in the bond market, so whether they like to or not, they will have no choice but to raise interest rates as US treasuries have lower yields.

>>1031210
The fools have been supported with this housing bubble and easy credit. Bad money chasing out the good.

I don't have any debt and I have some cash savings and its brutal watching my buying power evaporate for the sake of housing speculators. I will continue to spend less as I count my wealth in USD among other things. This supply side shit is frustrating to say the least

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>>1024457
>I just wanted to hope Canada could avoid becoming Mexico :(

Mexico is actually in better shape than Canada. They have robust manufacturing, a good workforce and low barriers to entry for hiring Mexicans, low costs and low taxation.

We have 800,000 dollar mortgages on plywood boxes in Mississauga with 10k down, stagnant incomes, $20 barrel oil, no manufacturing any more in Ontario and only a bunch of sick, poor people, immigrants, refugees, all waiting for their cheques to come from the government...

>>1026428

Put away $15 every day into your TFSA and you will have exactly one million dollars when you are 65.

You are set for life.

>>1031253
Why would you not put it into VFV?

>TFW market is down and you bought $10k of VFV in your TFSA

Brb gains train tbqh.

>>1031414
Who /doing this/ desu?

>>1031489
I'm buying VFV but I'm deciding between putting it in a regular brokerage account and waiting for TD to report my TFSA contribution room (February) or just putting in cash and buying it and doing the math.

On that note I'm going to stop being a nigger and do the money transfer tomorrow.

>>1031495
Same but I'm just not sure what broker account and who to open TFSA with.

Should I buy it all in one go on buy in chunks in case the marker keeps falling?

BTW how long foes it take to open TFSA and then broker acc with TD? I suspect in total it'll take a couple weeks desu.

>>1031506
Please respond.

>>1031506
What I did is I made an appointment to talk to a person (waited a week) at TD. Did the brokerage and the chequings (all inclusive) and the TFSA self directed account in one go. I wasn't approved for a margin account but they did everything for me right there. IIRC (this was a year ago) the chequings was opened for me on the spot and same with the TFSA and the brokerage because they're cash accounts but the margin since its a credit I had to apply for. I was "pre approved" for 1k on a CC so I took that on the spot as well and was approved.

Tl;Dr everything was done for me instantly except for the margin which was declined in 2 weeks and the CC I had to wait a week for to arrive in the mail

Also because the TFSA is a registered account with shares in your name not the brokerage they waive all activity/maintenance fees in the regular cash account which I thought was nice.

Keep in mind I did the $5,000 all inclusive bank account so I get a lot of stuff waived/free regardless so look up the perks/cons of whatever you decide to go with

>>1031506
Oh I'm not that much of a stockfag but TD charges $10 a trade so just keep that in mind.

I wouldn't go $50 $50 $50 but I'd stomach $10 for $500 though the bigger amounts you want to throw into it the better

>>1031538
>>1031542
Thanks.

I got a chequeing acc and CC with them already. Not sure if that will dramatical expediate the process or not since they got my data and all.

Anyway the fees don't seem particularly much if we're only buying ETFs desu. The lowest fees are only like $7.75 per trade or whatever which is kind of negligible when I'm only buying every 2 weeks or month...

I'm just not sure if the $10 fees per pop are worth it compared to the gains if the market happens to keep falling and I snag some more VFV for a bargain over a couple months.

I guess I'll visit them and get it all set up. I know you can apply online too seems like it'd take longer.

Any stock tips on the currently turbulent market?

My auntie left me $500 in her will with the intent that I invest it into the market but with how things played out today it was overwhelming to say the least...

Google Trudeau meter and you'll find what he's managed to do so far

>>1031557
measly bucks, but be patient. buy in when everyone is panicking. make a plan based on the TSX index - i'm dipping my toe in at 11,000 with the expectation that it will fall further.

don't bother with shorting or options because it's a fool's game. everyone knows the market's going down but there are rallies. the problem is you can't time it.

buy and hold when you feel the time is right.

>>1031554
Thinking on it a bit I can give you a clearer answer on the opening of an account

The cash account was opened instantly, margin was sent to TD Waterhouse as an application, and to transfer my holdings from RBC to TD is what took me two weeks.

If you asked about it tomorrow you should have no problem aside from having to have an appointment with a person to sign a piece of paper stating you understand the risks of the stock market and you won't come after them if you lose all your money investing in BTC

>>1031571
Thanks for the advice bud I appreciate it!

>>1031582
Right thanks.

I hate walking so far though :+(

I hope it's not extensive paperwork and relatively streamlined since I'm with them already.

What is the best bank in Canada? I'm with BMO, but it's pretty shit. Been trying to get to a financial advisor for my TFSA but they said only one perso knows how and I have to wait...

>>1031598
Nah they literally print off four sheets of paper and tell you to sign them

Whether you need an appointment or not I don't know. You have a relationship and you're not applying for credit (you're paying cash upfront for the shares) so its just a formality. Tbh when you sign up online the only reason you go to the branch is to show your ID to prove Its actually you doing the application. I'd do it online and then go in tomorrow since its Friday to show your ID. Unless they say wait 48 hours in which case you'd have needed to wait anyway for the appointment next week.

The self directed TFSAs are done through TD Waterhouse not direct investing so there is a separate process and more forms to fill. I would recommend calling it in in the morning to make sure everything is on the flight plan

>>1031603
Ah OK.

So just to be clear what do I need to ask of them if I want to buy VFV through a yet to be set up TFSA? - Do I just ask to open a TFSA and a TD Waterhouse self directed broker acc? Do I need to "link" them in some way before I can use it directly?

Also what kind of id did you need? I don't think I really got any besides healthcard and drivers license. Passport expired years ago desu.

>>1031617
That's fine. Drivers has your sig and pic.

Just go "hey lol I'd like to open a self directed tfsa (say one you'd like to trade stocks in if you want to make sure its 100% clear) and if you want, a regular direct investing account.

VFV is traded in Canada's stock exchange so that can be done on the online interface you don't even need to tell them VFV

>>1031617
>>1031620

I didn't say health card because I assumed you had it with you. They're gonna want your social insurance number though because of tax purposes. If you don't have that then get it. In BC it's $25 if I recall correctly, though that may be for a replacement card. My parents got me my SIN when I was 4 so I can't say the cost with total accuracy

>>1031621
Yeah I got mine ofc(can't get a job without one, at least in Ontario).

But one time I went to my branch to fill out a form and it needed sin which I didn't have with me so the person just copied it off my account to fill it in.

Thanks senpai I'll get it started tomorrow.

Just can't decide in what kind of chunks I should be buying tho. Should I just do like $500-1500 every 3 weeks or somethin? Smh. I reckon the $10 is not much compared to how much I'd be making in the high likelihood the market keeps falling for a while but then again I'm not very big on it all.

>>1031625

Yeah I'm incredibly Jewish so I factor the $10 as a percentage of my transaction. Would I rather pay 10% or 5% or 1% as a fee? It's personal preference.

I wish I could have VFV as a DRIP with Optional Cash Purchases though, I'd be on that like a hawk as I could buy direct from the company and pay much less fees, and get a pretty paper with my name on it that says Im a shareholder to lock away in my free TD Canada Trust safety deposit box for all eternity.

Sorry, kinda drunk. No classes tomorrow so if you want to talk back and forth about shit that's fine with me. Just arrived back from the bar and I'm going to cook some dinner

>>1031640
I'm playing chess while listening to brainiac and Naomi Punk.

Getting fucking cuckolded, lost over 130 rating last two days I cannot win shit

Also was clicking through suggested videos and found some cool albums.

Listen to Teen Daze - Glacier and Allah-Las - Allah-las.

Just got back from cookan'

Chess is sweet, I can't win any games I play IRL though. Old guys at the bar keep kicking my ass

>>1022197
APH a shit
I'm on dat CGC sheeit nigga

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>>1032356
>>1032356
>>1032356

Help lads

>>1031571
I recently went 20k into VXC, doing fine so far, debating getting some VFV as well.

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>>1032454
If any other canadian investors wanna chime in on their fav ETF's please do. Im debating swapping VXC for VFV for the lower MER.

Is it even worth investing rn?
Seems like most analysts are saying the CAD won't go below about .69 cents and is due for a slight rebound soon.

Should I just put all my money into VFV or wait a bit first? Seems like it could go either way desu.

>>1032493
Indexing is long term, investing now while things are low is probably fine. Im probably going to add a few K this week myself.

>>1032493

Now is precisely when you want to invest. Canada is on sale, and you don't have to be holding foreign currency to get a great deal.

That said I think there's still some cucking left in the CAD's future so we haven't hit the floor yet.

>>1032493
It will go up once pot is legalized

LCBO and other independent chains will start their Weed shops

>>1032513
>>1032523
I see.

What's the easiest way to transfer like $10k?

My senpai wants to hook me up with some money but I'm unsure if you can just write a cheque or whatever.

>>1032513
are you cheese?

>>1022285
Seriously fuck off back to >>>/pol/ I'm trying to make some capital here

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>>1032566
yus

>>1032598
is your cheese chinese?

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>>1032609
non

>>1032625
are you getting enough attention fag?

>>1032627
yes

>>1024340
make one, you literally need nothing but a lathe you dumbass. Head to /diy

>>1024756
They are literally supporting your way of life

>>1028613
Hah wow I just took your test. You need butchers more than you need financiers and University professors?

Ok then.

>>1032976
Nice try Chang.

>>1031640
Questrade has no fees on buying any ETF. You do pay a fee when you sell. Perfect for monthly accumulation.

>>1033030
They are though.
This country would be wrecked without chinks.

See: Canadian Pacific Railway

>>1033036
>Can't buy VFV

Into le trash it goes.

>>1033010
Everyone and their mom has a PhD now. PhDs are the new diploma

thinking of buying 10k in USD and holding onto it until our dollar recovers, smart?

If u buy usd now and the Canadian dollar rises don't you lose money?

>>1033010

there is a huge surplus of financiers and phds, everyone want to become investment bankers and get rich, do we really need millions of investment bankers? on the other hand, no one want to be butchers. Youths are now more entitled, they want "fulfilling" jobs, they dont want to do dirty or unglamorous jobs.

>>1033579
>>1033608
Yes you would lose money. Buying 10k USD today will cost you around 14k CAD. If numbnuts then waits for CAD to recover to sell his USD he will get less CAD back becuase each CAD is now worth more. What numbnuts might prefer to do is borrow 10k USD today, sell them for 14k CAD, rhen if CAD recovered to parity (not fucking likely, this is just an example with grade 4 math so most of /biz/ can keep up) he can repay the loan with 10k CAD and have 4k minus interest on the loan left over.

>>1033638
There is tons of people who dropped out of school or barely passed to work as butchers and similar jobs.

>>1030187
For people in shit countries it is meng. The shit you have to go through before your even placed on the list is crazy.

>>1022791
In what way is he retarded? The Canadian government is just going to keep spending. Fuck dude he even started the same rant about >muh infrastructure at the G20 Summit after everyone else was panicking about the Paris shootings. It was so out of place. It made no sense discussing that there. He has no plans for economic recovery, just more spending. Which means hes just going to tax you, and the rest of Canadians more. which means more shit imposed on anyone who wants to run a business. The Chinese stock market is falling to Great Depression-like levels, yet everyone is ok with foreign chinese investors buying up all the land on the pacific coast.

Jesus christ read a fucking book you idiot. you're going to destroy your own country. At what point are you going to say enough?

>>1034178
Seems like the plan is to turn Canada into Mexico, or worse. How we can share a border with the US and maintain PPP with all their economic protectionism is very 20th century. The US will devalue us into the dirt I'm sure. Markets desperate for returns and all that. There is nowhere near enough capital in the hands of young Canadians to support our economy

>>1034197
I just wish the Canadian government would get its big dick out of everything. I wish it would stop chasing its intellectuals out of the country with it. I'm not canadian, but i'm sure that you have actual Industries. Actual things of value to produce.(Lumber, oil, maple syrup lel).[Actually, if you do know what canadian industries are, please share them Im really wanting to know]

My gf is Canadian and her father a mining engineer executive. and he's been laid off because oil doesnt matter now. he has to move to ex soviet bloc countries or Africa to get work.

this rant is getting kinda mindless, i'm just frustrated

>>1026528

Most of Ontario is Conservative. Its Toronto and part of London that only vote Liberal.

The worst part about Canada right now is that Trudeau is going to have to make some -really- hard decisions soon with the plummeting dollar, and I don't think he knows how to deal with it. I'm afraid he's going to take the easy option and tax the shit out of people or start some kind of stupid mandatory "Retirement fund" that he'll take money from to pay for stupid shit, and never actually pay down debt.

Personally, I would have taken another 4 years of Harper, and then let Trudeau in if he HAD to be PM at some point.

Well? Who here /community college/?

>>1024454
Have housing increases outpaced dollar decline though?

>>1035018
>tfw 2 weeks of pay covered my annual tuition

Laughing at everyone who fell for the uni meme

>>1035051
Whats your job senpai

>>1035072
Sales exec for nuclear power plants

>>1024756
Goyim those Chinese are here because they literally love democracy more than their homeland, despite same homeland having extreme levels of propaganda. They are the fucking cream of a 1.3 billion crop.

If you're so much better than them, why aren't you fighting ISIS?

>>1026117
Seems like a good idea. I'd teach a couple classes just as a volunteer if it's in my area.

>>1022131
No, unless America is fucked. Oil is only a small part of your economy.

The Loonie will strengthen against the USD for the next couple years. Interest rate rises in America generally pull the Loonie up, leading to tighter financial conditions in Canada.

Trudeau's fiscal policies are actually temporarily strengthening policies. Government deficit spending boosts the currency, expands the GDP, and hurts the currenct account at least temporarily.

Don't tell me Harper did better for the economy. He had almost a decade to make things better.

>>1035081
Sounds like the exception to the rule.

>>1035264
interest rate rises in the US typically meant a rise in Canada as well, but according to Poloz that is not the plan for the future. Something something bond markets might force it? I don't know. Anyway I think this is the elephant in the room. Housing needs to correct if Canada is going to be anything more than a place to park foreign money.

>>1034208
I completely agree, if I could do it over I would have studied something useful and moved abroad. But there are a lot of idiots in Canada that don't bother to teach their children about the world beyond their borders.

I don't know too much about the Canadian economy but for the most part it appears we export natural resources and add value to stuff we sell each other. The latter is kind of zero sum I think. I think there are small groups of people that basically monopolize the natural resource extraction and they don't want to see innovation in Canada, they want to keep selling resources to the US as recklessly as they can. Similar to Australia's relationship with China.

When global consumption or commodities goes down, so goes our economy.

>>1035041
you tell me, pic related. House price is a variety of sizes from a variety of cities. source
http://homepriceindex.ca/hpi_tool_en.html

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>>1035327
I'm too stoned for this. At least my primo weed hasn't gone up in price.

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>graduated college in 2015, couldn't find a job because the oil crash
>just got a pleb tier labour job in Alberta
>mfw 100+ people applied to this job in only a week
>mfw boss said there's work right now but we could all be laid off at any time if anything changes

Shit's fucked

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weaker cad is good for canada. usa wants weaker usd too, but they cannot do anything cause europe is sinking and everybody is hoarding usd

>>1022869
All smart Canadians want to make money and gtfo of this country. There's no reason to live here if you have a choice.

>>1035264

>Get elected as a minority Government
>Liberal and NDP opposition force you to hamfist terrible things into the budget or it wont pass
>4 years of having to fight to keep a decent budget
>Finally get a majority Government
>World wide economy shits itself
>Keep a steady fiscal policy through it
>Applauded internationally for keeping the country afloat better then anyone else
>Continue to hold steady and keep the economy moving
>Decide to focus on Oil
>Province that all the oil is in elects an NDP government
>NDP Government decides to start throwing taxes and "fees" on oil companies
>Suddenly oil prices start getting fucky
>Oil companies nope the fuck out to protect their money
>Doesn't matter a whole ton, oil makes up a small percent of GDP

But yet Harper is a bad guy because, after the worst global economy since the 30's, managed to keep Canada afloat, is terrible because his investments into oil didn't work out.

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Canada's Fine.

>Chinese development slowing down, plenty of rich Chinese people investing abroad - namely in Canada
>Interest rates remaining low, US rates rising
>Even Alberta's jobless rate the same as a year ago, despite massive layoffs
>Unlimited debt available to keep you all consuming at crazy rates

Twill be a great day for Canada, and therefore, the world

>>1035791
Also I think he's seen as a bad guy because oil was doing great until it wasn't. Then everyone turned to him and said

>Hey, so how much was put away for a rainy day?

And he said

>haha, inb4 savings account, suckers

>>1022131
As lomg as US does good, canada will do good.

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>>1035887

now that CAD is crashing, all the rich chinese would be going to US to invest

Surely they're just keen to get their money out of China...Doubt they care where

Any app similar to mint that does a good job of keeping track of finances and budgeting?

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>>1022279
>Harper went all in on big oil
I didn't realize we had a centrally planned economy

>All these years Germany has a commitment to be completely renewable, and invests in solar, wind and fusion

Fusion dons't work yet (and tokamak tritium breeders will never be economically viable)

wind and solar: KEK did you know that Germany's carbon emissions have actually gone UP (guess what they are burning when its not windy or sunny) and their electricity prices have skyrocketed

I can't believe there are liberals on this board, I guess thats where all the muh bitcoin shitposts and "I have 200 buck how do I into stock market?" threads are coming from

>>1035337

Hope you fuckers starve. Makes up for the 10 years high-school drop outs were walking into 100k oil patch jobs.

>>1031116
>thatsthepoint.jpg

>>1022341

Im pretty sure electoral representation is getting seriously looked at. Honestly I think Elizabeth May would have been the most competent leader. She was the most intelligent in the debates while Trudeau gave some bullshit emotional appeals to every question.

Who is /community college/ here?

Bumping for true patriot love

Low oil, low dollar, low tsx, housing is great though!