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Blackberry. Just say Blackberry.
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Jun 17, 2014 01:17
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FrozenVent posted:Blackberry. Just say Blackberry. Well, there's CGI, Opentext, and probably some smaller firms I'm missing too. But yeah, mostly Blackberry.
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Jun 17, 2014 01:21
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Is Istarion PT6A's even-more-offensively-neoliberal alt account? 
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Jun 17, 2014 01:23
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Kalenn Istarion posted:The sale of businesses during boom times and purchasing them for cheap during downturns has made governments heaps of money. See US gov't profit on TARP funds from 2008: http://m.us.wsj.com/articles/BL-WB-42000 lol the transcanada railway was "not developed by government"? Shipping industry? Banking? oil sands? mining? agricultural? Are you loving seriously claiming these industries developed privately? Do you have any loving clue how resource development and infrastructure gets built?
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Jun 17, 2014 01:26
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lol CGI. count on canada to produce a worse pile of poo poo than accenture or ibm
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Jun 17, 2014 02:25
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Rime posted:Is Istarion PT6A's even-more-offensively-neoliberal alt account? There are reasons to disagree over policy, but narrative failures are not cause for demonizing.
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Jun 17, 2014 02:28
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RBC posted:lol the transcanada railway was "not developed by government"? Shipping industry? Banking? oil sands? mining? agricultural? Are you loving seriously claiming these industries developed privately? Do you have any loving clue how resource development and infrastructure gets built? Well, depending on how flexibile your definition of developed is... ... but listing steelmaking as a world-class industry in Canada is a head-scratcher. Have we all forgotten about Stelco? Like, it's right there in Hamilton. Or not. Not to mention that ignoring the Canada Wheat Board and the now-defunct Cereal Research Centre (thanks CPC!) is a biiit of a stretch.
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Jun 17, 2014 02:41
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Kalenn Istarion posted:
This is literally a Canadian Pacific Railway history for children, look at the sources. The CPR as an "institution" was almost entirely conceived and developed by the government. Sir John A. resigned over a scandal involving kickbacks for awarding the contract to build it. You can't get the government much more involved than that, short of them actually building it themselves.
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Jun 17, 2014 03:14
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Cultural Imperial posted:lol CGI. count on canada to produce a worse pile of poo poo than accenture or ibm the best ownage since canadians helped burn down the whitehouse
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Jun 17, 2014 03:20
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I am scratching my head a bit about that list of best in show industry unbespotted by government finger prints. Steel: Wasn't that mill in Obtario bribed to open by the government, then took the money and ran? Shipping: Isn't the largest shipping company owned by a former PM? Oil Sands: I know this is true because a government ad just told me so. Also, Norway seems to be doing this better. (Oil at least, maybe not the sands part.) Tech: Hahahahaha. I think >30% of my wages are SRED. And it's only best in class if you forget about the US. Now, that said I think I missed why we want to nationalize the banks? I think it was mingled into all that tolerance chat from a couple pages back. Is it because we think that if the banks were under the steady stewardship if Joe Oliver that they wouldn't have let the housing bubble get so big? Since the housing bubble is government policy I am not sure how reasonable that assumption is. ocrumsprug fucked around with this message at 03:43 on Jun 17, 2014 |
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Jun 17, 2014 03:40
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etalian posted:the best ownage since canadians helped burn down the whitehouse wait until you have to work with their employees. ugh
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Jun 17, 2014 03:48
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ocrumsprug posted:Shipping: Isn't the largest shipping company owned by a former PM? No. It isn't the largest shipping company in Canada, it's no longer owned by that guy, and owned by the PM as a private citizen =/= government managed. That's not to say the government doesn't support shipping (it does, basically every first world country does), but you went for the most superficial of relationship. And yeah, Stelco Hamilton isn't a great example of a government run industry. Isn't the plant shut down? Mind you the steel market in the region took a bath in poo poo creek around '09 so that's sort of understandable. How did we get into this tangent anyway?
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Jun 17, 2014 03:50
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http://www.theglobeandmail.com/repo...T.cg_n=TWT_COR2quote:This is a watershed year for Canada Mortgage and Housing Corporation (CMHC). love the loving airquotes there evan
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Jun 17, 2014 03:50
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Cultural Imperial posted:http://www.theglobeandmail.com/repo...T.cg_n=TWT_COR2 lol Importantly, our decision to offer fewer products does not reflect a view that Canada’s housing market is overheated. Our most recent analysis and research tells us that the Canadian housing market is experiencing a soft landing.
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Jun 17, 2014 04:50
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Cultural Imperial posted:Earlier in the year, we announced the discontinuation of our... self-employed without independent income validation products Wait, did it really take them until the year of our lord 2014 to figure out that NINJA loans are bad?
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Jun 17, 2014 05:01
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LemonDrizzle posted:Wait, did it really take them until the year of our lord 2014 to figure out that NINJA loans are bad? Also letting the CMHC fund second home loans. lolling how even the CMHC is talking about a soft landing narrative instead of prices going up up up
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Jun 17, 2014 05:09
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Everything after 'see also' in my post wasn't intended to be in the best in class bucket but I can see how my hastily posted mess of words while running out the door didn't make that clear. RBC posted:lol the transcanada railway was "not developed by government"? Shipping industry? Banking? oil sands? mining? agricultural? Are you loving seriously claiming these industries developed privately? Do you have any loving clue how resource development and infrastructure gets built? Are we talking about the management of industries or government companies? The Canadian economy is managed so of course the government had a hand in almost every industry. Regulation is not operation, and providing the political support for independent growth is not the same as undertaking that growth on your own. This whole line of discussion is stupid and came about as a result of a stupid suggestion that I couldn't believe someone had the lack of sense to suggest unironically. I've now gone way out on a limb to make a point but am tired of pissing into a windstorm. Let's go back to reading CI's totally unbiased reportage of the existence of a housing bubble.
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Jun 17, 2014 07:43
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Kalenn Istarion posted:Let's go back to reading CI's totally unbiased reportage of the existence of a housing bubble. Wait, are you denying that there's a housing bubble at all?
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Jun 17, 2014 07:55
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I had heard a pretty interesting explanation recently that the Canadian banking system, together with many other aspects of the economy, was centralized very early on for the sole reason of keeping control in Anglo hands and to head off a French(who were the majority for many years) revolt. An early form of apartheid if you will.
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Jun 17, 2014 08:00
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https://businessincanada.com/2014/06/16/its-time-to-start-worrying-about-montreals-condo-market/quote:
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Jun 17, 2014 14:44
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shrike82 posted:Wait, are you denying that there's a housing bubble at all? No?
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Jun 17, 2014 15:14
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I'm really thrilled by the situation of the market in Montreal. Considering i live in Trois-Rivieres, one of the already lower priced market in the province, which is having pretty much the same market pressure being applied to it (Shrinking labor force, old population moving into residence, dying manufacturing sector), i can only imagine how much lower prices could go following rising interest rates. Good, nice looking bungalows can already be had for under 150k. If rising rates can bring that down 10-15% i might actually buy one.
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Jun 17, 2014 15:21
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On the subject of callable debt: http://gailvazoxlade.com/blog/?p=6123 quote:According to Leger Marketing, 24% of Canadians surveyed said they plan to carry debt into their retirement. Of those, 80% say they have no plans to pay it off. I am admittedly a big fan of Gail and Suzy Orman.
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Jun 17, 2014 15:25
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Coylter posted:I'm really thrilled by the situation of the market in Montreal. Considering i live in Trois-Rivieres, one of the already lower priced market in the province, which is having pretty much the same market pressure being applied to it (Shrinking labor force, old population moving into residence, dying manufacturing sector), i can only imagine how much lower prices could go following rising interest rates. Good, nice looking bungalows can already be had for under 150k. If rising rates can bring that down 10-15% i might actually buy one. I'm assuming you and your friends are quite young. What sort of jobs are people getting?
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Jun 17, 2014 15:26
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Coylter posted:I'm really thrilled by the situation of the market in Montreal. Considering i live in Trois-Rivieres, one of the already lower priced market in the province, which is having pretty much the same market pressure being applied to it (Shrinking labor force, old population moving into residence, dying manufacturing sector), i can only imagine how much lower prices could go following rising interest rates. Good, nice looking bungalows can already be had for under 150k. If rising rates can bring that down 10-15% i might actually buy one. Why on earth would you want to buy a home in a city with bad prospects? If you're that keen on getting nice houses for a song, I hear Detroit's pretty cheap...
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Jun 17, 2014 15:31
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The city is far from Detroit, i'm in IT myself and there is quite of bit of work in that field considering the utterly abysmal tech knowledge of the average joe in the region. Beside, its a very nice place to live. Close to nature, all the advantages of a big city, none of the cons. It's in the middle of the province, so its close to either Quebec or Montreal. T-R is just a very nice city. Coylter fucked around with this message at 15:41 on Jun 17, 2014 |
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Jun 17, 2014 15:38
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LemonDrizzle posted:Why on earth would you want to buy a home in a city with bad prospects? If you're that keen on getting nice houses for a song, I hear Detroit's pretty cheap... You've never been to Montreal, have you?
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Jun 17, 2014 15:50
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jet sanchEz posted:You've never been to Montreal, have you? SHUT UP MONTREAL SUCKS 
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Jun 17, 2014 15:53
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jet sanchEz posted:You've never been to Montreal, have you? Nope, but "shrinking labor force, old population moving into residence, dying manufacturing sector" doesn't exactly make it sound appealing. Hence the question.
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Jun 17, 2014 15:56
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Trois-Rivieres isn't the most boring city in Quebec, because Drummondville exists.
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Jun 17, 2014 15:58
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That's an awful lot of words to say: there's no housing bubble and we create no perverse incentives. Lady doth protest?
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Jun 17, 2014 17:02
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Lexicon posted:That's an awful lot of words to say: there's no housing bubble and we create no perverse incentives. It's all a matter of perspective. It's very likely they sincerely believe that the banks have taken advantage of them, which they have. Of course that is only possible because the Fed allowed it. Are you getting the sense there's a circular finger pointing thing happening now that people are looking who to blame? Great - welcome to the adult world of business, money and politics. Too bad this one's a doozy.
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Jun 17, 2014 23:23
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Saltin posted:It's all a matter of perspective. It's very likely they sincerely believe that the banks have taken advantage of them, which they have. Of course that is only possible because the Fed allowed it. Are you getting the sense there's a circular finger pointing thing happening now that people are looking who to blame? It sure seems that way. I'd cover my rear end this way also (remembering, of course, that the central purpose of any organization, however altruistic, is to perpetuate its own existence indefinitely).
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Jun 18, 2014 01:04
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File this one under 'not surprising but explains a lot:' http://www.thestar.com/news/gta/2009/01/12/firms_funding_905_campaigns.html quote:Firms funding '905' campaigns
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Jun 18, 2014 01:22
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This loving country is so hosed up. We now build domiciles for the sole purpose of trading them with other people which increases the velocity of money to such a degree that our economy would shrink significantly if we stopped. Forget natural resources being the bane that wrought the dutch disease. It's the loving real estate industry.
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Jun 18, 2014 01:49
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I really wish we'd stop looking at housing as an "investment" and high/growing housing prices as a good thing. Housing is simply a need, like food and water, or transport, or electricity. No one cheers when food prices go up, unless they've somehow invested heavily in a farm. But that's the problem, it's as if everyone in the country has invested their savings and gone into massive debt to gamble on food prices, and even though that loaf of bread is $10 it's ok because tomorrow it will be $15 and we'll eat the difference.
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Jun 18, 2014 01:58
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 Sounds legit.
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Jun 18, 2014 02:34
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THC posted:
Those have been around in Victoria for at least the last 5 years. I don't understand who takes them up on it. It's even a bigger rip off than "cash 4 gold" places. Who the heck calls up a random number they say on a telephone pole to sell their house at a massive reduction for CA$H?? Is this actually a viable business for the people putting up the signs? I understand they'd only need to scam a person or two a year to make it totally worth their while but I'd love to know if they're ever successful and if so how often and in what situations.
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Jun 18, 2014 02:44
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Baronjutter posted:Those have been around in Victoria for at least the last 5 years. I don't understand who takes them up on it. It's even a bigger rip off than "cash 4 gold" places. Who the heck calls up a random number they say on a telephone pole to sell their house at a massive reduction for CA$H?? Is this actually a viable business for the people putting up the signs? I understand they'd only need to scam a person or two a year to make it totally worth their while but I'd love to know if they're ever successful and if so how often and in what situations. In the US, these guys are typically lawyers. They mostly buy up liens against houses and then initiate foreclosure proceedings as soon as possible. Many times they get lucky and the owner of the house doesn't pay attention or doesn't fight it in court and then the lawyers get a nice cash payout or the title to the house.
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Jun 18, 2014 02:57
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Baronjutter posted:I really wish we'd stop looking at housing as an "investment" and high/growing housing prices as a good thing. Housing is simply a need, like food and water, or transport, or electricity. No one cheers when food prices go up, unless they've somehow invested heavily in a farm. But that's the problem, it's as if everyone in the country has invested their savings and gone into massive debt to gamble on food prices, and even though that loaf of bread is $10 it's ok because tomorrow it will be $15 and we'll eat the difference. Yeah if anything you want slight deflation over time like in the German real estate housing since it leads to lower costs of living for everyone.
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Jun 18, 2014 03:06
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