What are my Canadian bros up to? How you guys doing?
Who /buying as much VFV as possible to make mad gains off CAD losses/?
Discuss memes pertaining to Canadian finance and economics.
As a Canadian, why are there so many Canadians on boards I visit now lol. It wasn't like this before, but I've been noticing like 2-3x more threads about Canada for the past year
Here and in /fa/
It's mostly commodities and energy based which won't see a rebound for quite a while.
But I'm tempted because the value is so good right now. People will still buy nickel and copper and other base metals, so I think I might actually consider it.
CAD is tied closely to oil/energy which has already tanked and is expected to go down more, and the value already shows this. I doubt it will ever hit 0.60 USD.
Canada is stable and progressive, our finincial sector isn't going anywhere, and the new gov't is sure to bring stimulus to businesses to save face.
You said in your other post to not invest in VCN unless it's "for a really long time."
I think that's what most people on this board and in Canada in general are looking for. There is not point investing short term unless you have a lot of capital to put up or are really desperate.
I meant a long time to see any sort of return.
Honestly with how the liberal government is treating our oil and gas industry and farmers I'm not really betting much on it.
I think it's much safer to go with VFV.
Oil will remain super low regardless due to numerous factors especially since the sanctions on Iran were lifted.
I have never heard of any such thing. If you try to buy an illegible security your brokerages site will just throw you an error, it's pretty idiot-proof. The only thing I've heard of people being penalized on is over-contributions.
Jesus what are you trying to buy anyways? North Korean uranium mines?
Dude, VFV has lost 5% in like 2 weeks.
While energy has probably already bottomed out so VCN is good value.
Most S&P stocks are highly overvalued, they will probably correct, so buying in at peak isn't very smart either.
>Most S&P stocks are highly overvalued, they will probably correct
I don't think there's a "probably" about it, to me the only question is how far the index is gonna fall before it starts rising again.
Interestingly, there is a special rule that applies to Canadian public companies that have been delisted. Shares of Canadian listed corporations which are subsequently moved to over-the-counter status continue to be qualified investments for a TFSA and other registered plans. But this rule doesn’t apply to U.S. or other foreign stocks.
The consequences of investing in a non-qualified investment inside your TFSA can be quite severe. First of all, there is an automatic penalty of 50% of the fair market value of the non-qualified investment in the year it is purchased by the TFSA. Fortunately, as long as you can demonstrate that it was purchased inadvertently, this penalty can be refunded in the year the non-qualified investment is disposed of by the TFSA.
But the real problem is that the TFSA itself must pay tax, at the top marginal tax rate, on any income or capital gains earned from the non-qualified investment. To make matters worse, the capital gain is taxed in full, and not at the normal 50% inclusion rate.
I don't know man. I'm new to this stuff so
be reading it wrong but it sounds pretty spooky
>I've been noticing like 2-3x more threads about Canada
Maybe it's because 2-3x more Canadians are unemployed?
False? Let's see your VFV performance since Jan 1st? Unless you're buying a different VFV, it's been losing money since.
I think it's gonna fall down to the a level slightly above 2009. That's when the Fed REALLY started injecting money into markets with the bond buy-back and all that shit. They pumped up the markets with virtual cash and now we're gonna go back down to what the real numbers should be - corporate performance.
>Since Jan first
So because it does poorly for a month it's bad? If it keeps dropping that means it's a good time to buy.
I'd rather stick with the s&p than some Canadian bullshit knowing how this country runs and operates.
I can't even think of an example of when a person could have purchased a stock, it tanked so hard it got de-listed and moved to OTC, and then the person still made capitals gains off of it.
Again, the system is pretty idiot proof, CIBC just plain won't allow you to buy OTCMKT in from your TFSA account.
Well, I mean that's the worst case scenario I figure. And it may not be a huge sell-off, it might just be a gradual tapering for years, like we saw on the TSX, which has been shedding money for like 3 years now.
But then I'm just some jerk on the internet going by very fundamental fundamentals.
>Tfw gonna try to buy pink sheet stocks with my TFSA
Is it even possible? With them being listed once per day in some table, I think it would be impossible to register them.
DESU I'd prefer a sudden drop since I don't have any money in it now. Gonna be dealing mostly in real estate this next year, so it can drop as far as it wants until 2017. Works better than a slow taper for me personally.
Although we do have a similar situation to
>make those sweet 20% gains in one city while everything else crumbles
Literally the easiest money I'll ever make because of stupidity and ignorance of the general public, corrupt politicians and incompetent local authorities.
Get the fuck out of here Miroslav. This sensitive data is strictly for pure-blooded Canadians only.
In the interest of avoiding yet another Canadian lamentation thread, I'll ask this here--
What's the deal with CMHC-insured mortgages? I understand they're necessary for a 5% down mortgage. What happens if that mortgage goes underwater/the owner loses their job? Does this create a bankruptcy/do they lose the house?
What is the assessment in the context of overvalued housing and dropping buying power? Is this a sensible thing to engage in?
Does the insurance effectively offset the risk involved in buying into this housing market at this time, or is it really just insurance for the banks' loan balance and the owner would get fucked in a non-payment scenario?
>oil/resource market fucked for the next few years
>rumblings that the world economy could be slipping into recession
>persistent speculation that has a housing bubble that will pop soon
Triple whammy for Canada.
Give me your honest opinions. Is this country completely fucked?
I think so too. these next few years will be interesting.
heres to hoping that weed man will save us.
Fucking Trudeau man. I mean I'm not commenting on his dad or the liberals or whatever, but it seems people just eat up the fact that he offers lip service. Oh, that issue is tough, oh oil prices are low just hang in there, we're working on it, etc. All this handwringing and grandstanding and people actually think it's useful. here, we'll throw some money at alberta and that will fix entrenched structural problems for sure.
man I hate to say it but this country sucks. I really wanted to like it too.
Great, a bunch of uneducated people that want a free ride and the freedom to crank out babies and rack up debt. sounds like a great plan. I'm already a minority in my community as a fourth gen canadian
>Im not winning by being a welfare bum
Your taxes are going to it anyway. Use it before you need to pay it back.
>Use social services as much as possible
>Visit family doctor once per month to make sure you're 100% healthy
>scam dumb canadians
>Make use of relatively cheap tuition
Do this all before you get a full-time job and started getting jewed hard on taxes senpai.
>fail to enter the job market
>be jobless in your early 20s
stop posting. do you not realize how terrible it would look applying for jobs in the future with a 5 year old degree and no expierence?
I looked into this more--the insurance protects the bank, if the property is sold at a loss the remainder goes to collections for the mortgage holder. Total fucking scam. Some people argue this is fraud too, since the payments are never returned among other issues.
So at what point are we allowed to criticize him? One month from the next election? After the next leader is elected?
I'm more bitching about the state of discourse in this country which seems to be at a serious low point.
I think there's more value in Canadian equities right now than inflated American stuff.
Canadian equities are mostly based on commodities and energy, and these will always be consumed: copper, nickel, alloys, gold and of course energy. These will inevitably go up, so I think there's value in the TSX since it's been taking such a beating.
On the other hand, American stocks are so inflated with federal cash through 7 years of QE, I think they're correcting back to levels that are supported by corporate performance rather than ratings or earnings mumbo jumbo.
My golds been going up, would you invest in resource etfs or mutual funds? They're at the lowest and seems to go up when gold goes up
Also, does TD waterhouse allow trading without going to them? I'm tired of bmos shit and scheduling an appointment
>TFW planned on dollar cost averaging but always forget to invest because I wake up after the markets close usually
Lol fucking hell. i-i swear I'll be more diligent on it and invest every 2 weeks instead of every month, anon-senpai.
>So at what point are we allowed to criticize him? One month from the next election? After the next leader is elected?
You can criticize him whenever and however you want, but if you blame things on him that he obviously has no control over someone is going to call you an idiot. Idiot.
Blaming the current state of the economy on Trudeau is like when Rona Ambrose criticized Trudeau for not legalizing marijuana fast enough (look it up, she did!). I mean, really? Really?
So, yeah, you can say whatever you want, because free speech, man. But it's also free speech to call you a moron if you do.
Pretty much this. >>1084015
Imagine if George Bush had never worked in the oil business and looked up to oil company execs all his life, then won the election. How skewed things would get towards one industry. That's what happened for the last ten years in Canada.
>Total fucking scam
Nobody's forcing you to put down 5% on the most overpriced real estate in the world...
Good to meet a fellow Raven! You're not with the student union are you?
I KNEW IT IT WAS THE JEWS
P O L
W A S
R I G H T
>nobody's forcing you...
My point is you can pay into this insurance for decades and never sees a return. There are other issues with this that you can look up on your own. Also people probably think this insurance protects them against insolvency with an underwater loan; it does not. I think the entire real estate cabal in Canada is a fucking scam.
you don't think the insurance is for you do you? It literally is to protect everyone but you
The insurance is for the banks. Get your mortgage and raise your payments so you can not pay it on your 5 year renewal.
The sentiment of the average home buyer is that it offers protection to the buyer. No one in their right mind is buying Canadian property with 5% down right now
I think our entire economy is being propped up by careless spending
I don't know who you are talking to but everyone I talk to considers it a fee.
I might not be in my right mind. I just bought since the housing market tanked and my job was stable. You aren't going to get any return on the money you save by renting right now.
My plan is to work in London UK for a while and rent while saving up for a few years then coming back to Canada whenever the housing market finally crashes and using the exchange rate and hopefully my savings to buy a house. What do you guys think about my plan.
There's a 60% chance I'll get a government job offer in the next few months, pay about 60k. It'll be beaurecratic mundane bullshit but that's almost double what I make now. I should accept if nothing better comes my way right?
Also, how is relocating to Toronto from Vancouver?
It's not that bad, I enjoy it, they gave me an iphone 6 plus for communication that I use to play games and social media
They also pay part of my school. It's kind of boring but atleast I like the people I work with
Bullshit, stop this panicmongering. This is just a small correction, there are no real reason for all this doomday happening shit.
The fundamentals of Canadian economy are strong. Oil is going to jump back soon, also new government plans to invest in infrastructure, which means more jobs and less unemployment. Canada will emerge back even stronger, more competitive and affluent than before.
Cause he is Canadian and needs false hope. Expect the jump 1 year July to get in.
you mean still and no it is leveling. Fuckton of foreign money is coming in because of shit dollar which is going to offset the "economic plan" In 3 years time either everything will be recovering or the US will just make Canada into 3 more states.
>boomers vote in communist party after letting torris run rampant for 40 years because "muh house value".
>billions of dollars stolen from the public "missing"
>billions of dollars given to feed the debt ridden provinces quebec & ontario.
>constantly bad mouthed by green assholes my whole life.
>They are dancing like jihad's now that oil is tanked and alberta is hurting.
> LMFAO when we are still a richer province then them.
>never made good money, own no assets, own no debt though. have no credit rating.
So now that all my employable skills are useless because the industry collapsed and its looking like it may never come back and our job market shrinking while more and more people still come here feels pretty bleak, like we're ontario 2.0
Should i head dive off the bridge familias?
r8 my growth portfolio:
30% European and Asia Pacific Index (or 15%/15% Europe/Asia)
25% S&P 500 Index (CAD-hedged)
10% Total Canadian Stock Market Index
10% Global REIT Index
10% Emerging Market Index
5% Global Healthcare Index
5% Global Water Index
5% Individual Stocks
Someone explain infrastructure spending.
Isn't it just one crooked construction company getting a fat contract and subcontracting it out to these minimum wage immigrants?
How does a couple orange vests milling around a street causing traffic help? Sure that road looks swell a few months later but I didn't get a raise to spend more at the store there.
>Someone explain infrastructure spending.
More infrastructure makes the economy more efficient.
>Isn't it just one crooked construction company getting a fat contract and subcontracting it out to these minimum wage immigrants?
Not even remotely. The spending ripples through the economy. A project will boost materials, labour, engineering, hardware, trucking etc. and these industries will boost those they rely on.
>How does a couple orange vests milling around a street causing traffic help? Sure that road looks swell a few months later but I didn't get a raise to spend more at the store there.
A single highway overpass can take 20-30 45tonne NU girders, which is a couple of months work at a precast plant. This pumps huge amounts of money into the economy and at the very least helps ensure the stability of your employment.