|
infernal machines posted:Bombardier's problem, at least regarding their rail stuff, was that they just weren't manufacturing it in Canada to begin with. The did some assembly here, and that went poorly for some time. Yeah, but on the whole Canada doesn't have any major notable corporations that make things. Our R&D spending both private and public is laughable. It's bullshit and FIRE all the way down. (does someone have HAL's infamous list of "successful" Canadian companies) less than three fucked around with this message at 03:44 on Feb 25, 2020 |
# ? Feb 25, 2020 03:41 |
|
|
# ? Jun 12, 2024 22:59 |
|
The economy is like 90% scams now
|
# ? Feb 25, 2020 03:44 |
|
Manufacturing doesn't fit in in a country where people are supposed to have human rights. You can degrade the working conditions of people as much as you want, you can destroy the middle class and the last vestiges of workers rights, but you'll never ever compete with the prices that slaves in China or Bangladesh can offer. Especially so when your country's values demand that any possible profit must be directed to the investors and corporate management rather than the workers. Guess global capitalism isn't meant to serve the interests of the working people who actually live in any given country. Who coulda guessed? Fake bullshit FIRE economics serve the interests of capital just fine, no need for a real economy.
|
# ? Feb 25, 2020 03:46 |
|
less than three posted:(does someone have HAL's infamous list of "successful" Canadian companies) That was absolute gold, if only for the number of them that had outright gone under or were in the process of going under at the time he posted it.
|
# ? Feb 25, 2020 03:49 |
Classon Ave. Robot posted:Manufacturing doesn't fit in in a country where people are supposed to have human rights. You can degrade the working conditions of people as much as you want, you can destroy the middle class and the last vestiges of workers rights, but you'll never ever compete with the prices that slaves in China or Bangladesh can offer. Especially so when your country's values demand that any possible profit must be directed to the investors and corporate management rather than the workers. What about Germany?
|
|
# ? Feb 25, 2020 03:49 |
|
Yeah it's weird how a country where housing is a given and unions are powerful and respected can do things that this pathetic country can't. I just can't figure it out.
|
# ? Feb 25, 2020 03:58 |
|
Baronjutter posted:I was going over some investment poo poo the other day and asked to avoid Canadian investments as much as possible. She asked why, like that was a very strange request, "many clients specifically ask for mostly Canadian investments!" and I told her I had zero faith in the long term for the Canadian economy. She was surprised and showed me a chart of how various Canadian index funds and poo poo did over the last 15 years. Yes there's up and down but look, it's overall good! I explained that in my opinion our economy is totally unsustainable. No one wants our garbage tar, our manufacturing is dead, natural gas is at rock bottom prices world wide, what do we have? Housing? She told me "ah well good news, they're lowering the stress test! That'll help the housing sector!" Lot of words when you could have just pulled this up on your phone, using their own app, subbing in for their flavour of TSX ETF. Or their TSX mutual fund, which is what you were most likely being pitched and would have an even more lol-worthy comparison when the fees are factored in. Also keep in mind that unless you are dealing with a very significant sum in your investment accounts (I'd say at least a mil or two minimum), there is no reason to be allowing the low level bank people, who work on commission and sell what they are directed too, to manage them for you. You're throwing money away. It's literally free to do yourself. Everyone go read the BFC Canadian Finance thread. Unless you do it yourself or love fighting with sales people for no reason, you are just wasting money. The Butcher fucked around with this message at 04:27 on Feb 25, 2020 |
# ? Feb 25, 2020 04:01 |
|
I think New Flyer makes something like half the buses in North America, and MacDon makes agricultural equipment that gets shipped worldwide. I know they send stuff out to Russia because the plane people here get excited whenever those bigass Antonovs show up at the airport to pick up machinery from them. Manufacturing here seems possible, but it's not going to happen for things at the consumer level until everyone starts getting paid more and people become okay with purchasing the more expensive option because it's not made with slave labour. Both of which seem pretty unlikely in the near future.
|
# ? Feb 25, 2020 04:03 |
Isn't Toronto a smart AI city? Maybe we can export it too.
|
|
# ? Feb 25, 2020 04:05 |
|
less than three posted:Even Bombardier for all their faults is now being dismantled. Canada doesn't produce anything of value any more and I don't know what the solution is. We can blame Boeing and American corruption for that one. Airbus is doing just fine and dandy thanks to Bombardiers R&D spending. We can similarly look at how Huawei stole all of Nortels 4G & 5G tech, or the demise of our nuclear reactor program, and conclude that Canada has a long history of solid manufacturing and advanced research - which is thoroughly sabotaged by our government at all levels being a bunch of bootlicking milksops.
|
# ? Feb 25, 2020 04:14 |
|
The Butcher posted:Also keep in mind that unless you are dealing with a very significant sum in your investment accounts (I'd say at least a mil or two minimum), there is no reason to be allowing the low level bank people, who work on commission and sell what they are directed too, to manage them for you. You're throwing money away. Truth. As well, the Canadian Couch Potato website outlines all the steps needed to setup and manage your investment accounts. It's super easy.
|
# ? Feb 25, 2020 04:19 |
|
Rime posted:how Huawei stole all of Nortels 4G & 5G tech Lol whut? Don't get me wrong, I know Nortel was hacked for like a decade by presumably Chinese interests, it's just what decade that was. infernal machines fucked around with this message at 04:22 on Feb 25, 2020 |
# ? Feb 25, 2020 04:19 |
|
Yeah they hacked Nortel and Cisco, but it allowed them to catch up it was nowhere near the 4g/5g era but yes Huawei's stealing of trade secrets contributed to the downfall of Nortel.
|
# ? Feb 25, 2020 04:30 |
|
Coxswain Balls posted:I think New Flyer makes something like half the buses in North America, and MacDon makes agricultural equipment that gets shipped worldwide. I know they send stuff out to Russia because the plane people here get excited whenever those bigass Antonovs show up at the airport to pick up machinery from them. Winnipeg's in somewhat of a unique place for manufacturing because it's +35 in the summer and cold as loving Siberia during the winter so it's an easy place to test for cold weather while still having access to a Western city's industrial space TheKingofSprings fucked around with this message at 06:04 on Feb 25, 2020 |
# ? Feb 25, 2020 04:33 |
|
less than three posted:Yeah they hacked Nortel and Cisco, but it allowed them to catch up it was nowhere near the 4g/5g era but yes Huawei's stealing of trade secrets contributed to the downfall of Nortel. Nortel had "4g" adjacent patents, I don't think 5g was even on the horizon by the time they went under completely. They were being parted out by vultures 11 years ago. It contributed to their downfall in much the same way rust contributed to the sinking of the Titanic. They were on the ropes around the time the hack happened. infernal machines fucked around with this message at 04:59 on Feb 25, 2020 |
# ? Feb 25, 2020 04:34 |
|
New Flyer and Nova Bus is a rare success story where a Canadian duopoly manages to secure a manufacturing domination in an industry on the continent.
less than three fucked around with this message at 04:40 on Feb 25, 2020 |
# ? Feb 25, 2020 04:35 |
|
Classon Ave. Robot posted:Yeah it's weird how a country where housing is a given and unions are powerful and respected can do things that this pathetic country can't. I just can't figure it out. The manufacturing industry has a skilled labour shortage and also complains that wages are too high and fights any unionization. Hmmm
|
# ? Feb 25, 2020 05:15 |
|
New Flyer is going to move the majority of their manufacturing to the states in the next five years
|
# ? Feb 25, 2020 05:46 |
|
DariusLikewise posted:New Flyer is going to move the majority of their manufacturing to the states in the next five years This is the actual reason Canada can't get anything of worth off of the ground and as long as the US is to the south it's never going to stop
|
# ? Feb 25, 2020 06:04 |
|
DariusLikewise posted:New Flyer is going to move the majority of their manufacturing to the states in the next five years It's okay by being based in Quebec Nova Bus will become the new Bombardier receiving endless bailouts.
|
# ? Feb 25, 2020 06:14 |
|
DariusLikewise posted:New Flyer is going to move the majority of their manufacturing to the states in the next five years Isn't this because of the Buy America Provision Law that also lead to an A320/A220 factory in Mobile, AL. But yeah for a while Vancouver's new buses are slightly built in Canada, sent down to USA to be completed and then driven back over.
|
# ? Feb 25, 2020 06:23 |
|
infernal machines posted:That was absolute gold, if only for the number of them that had outright gone under or were in the process of going under at the time he posted it. it's the closest thing CanPol ever got to the grover iraq war post
|
# ? Feb 25, 2020 06:31 |
|
I sadly lost the image on my last dead HDD (yes yes, backups) but I actually did a test portfolio on it and it was somewhere to like 60-70% loss over anywhere from a 5-10 year period. You'd have done much better with even a TSX full index fund than those specific picks. If anyone still has the post in question I can make a fresh really snazzy graph of the dumbest thing you could have possibly done with your money.
|
# ? Feb 25, 2020 07:14 |
|
This one?Hal_2005 posted:I too laughed at Nortel. Thread has def taken a turn into the surreal. Must be those ultra low rates on home loans goons must be tripping over themselves to take out to buy that 2-bed in Markham.
|
# ? Feb 25, 2020 08:44 |
|
That's the beaut, thanks. Chart time tomorrow. Prepare to weep at your missed opportunities.
|
# ? Feb 25, 2020 09:46 |
|
You laugh at this one
|
# ? Feb 25, 2020 13:36 |
|
There's still quite a bit of manufacturing done in Canada, quite a bit of it is pretty sexy low-volume stuff. Honda and Toyota have massive plants in Alliston and Cambridge that tend to be among their highest-efficiency plants. Harris L3 is based out of Burlington, they make optics for everything from traffic choppers to drones to satellites. Collins Aerospace manufactures landing gear components for airbus and boeing. Husky in Bolton is without question the world leader in PET injection molding. So yeah the days of Canada making washing machines and transistor radios are gone but a whole lot of very specialized, high technology work is still one here, and much of that is for a simple reason; Anything made in a Chinese factory will have it's IP copied almost immediately. This is a well known fact in the manufacturing world.
|
# ? Feb 25, 2020 15:15 |
|
Looks like they're starting small with the GO rail blockades
infernal machines fucked around with this message at 15:47 on Feb 25, 2020 |
# ? Feb 25, 2020 15:19 |
|
Imagine if they occupied union station. Like the entire thing. Trains, bus, subway. It'd completely shut down the GTA.
|
# ? Feb 25, 2020 15:27 |
|
Another Canadian biz sold, two bite brownies company sold to US co for $1.2billion Godspeed lil brownies
|
# ? Feb 25, 2020 16:07 |
|
priznat posted:Another Canadian biz sold, two bite brownies company sold to US co for $1.2billion You missed the important second bite: quote:...from its current owners, a Boston-based private equity group called Thomas H. Lee Partners. It seems to be accepted wisdom that selling out good national champions to foreign ownership is a terrible calamity that results in offshoring, headquarters relocation and so on, but is there actually credible research showing that?
|
# ? Feb 25, 2020 16:29 |
|
Oh dang I had just heard on the radio “toronto based “ and found a link. I had no idea they were canadian at all they are just something lazy people bring to potlucks.
|
# ? Feb 25, 2020 16:31 |
|
eXXon posted:You missed the important second bite: Canadian and American investors constantly flip each other’s companies and freaking out over “the americans are buying our national treasures!” is boomer poo poo. They are constantly trading execs too and being owned by Bain is no worse than being owned by Onex. They’re all vultures. Also when you look at the numbers Americans invest a lot more per capita in Canada than we do in the United States
|
# ? Feb 25, 2020 16:53 |
|
https://twitter.com/stevenmazie/status/1232323002739691522 Cool and good that these guys carry weapons on Canadian soil
|
# ? Feb 25, 2020 17:38 |
|
If all goes well maybe I'll start up a tax free savings account sometimes in a year or so.
|
# ? Feb 25, 2020 18:17 |
|
Another Bill posted:https://twitter.com/stevenmazie/status/1232323002739691522 Always fun to be adjacent to a fascist country.
|
# ? Feb 25, 2020 18:28 |
|
My entire (very small, started in July) TFSA currently is 1/3 a Canadian index, 1/3 SP500, 1/3 a non-NA index. I mostly just have the Canadian stuff on the assumption that it'd take the edge off of any weird currency fluctuations, but it's certainly the part that I value to the least. I definitely just kinda tossed it in there as a 'well I guess I should have something Canadian cause I live here, right?' thing. There's probably a more optimal balance but I try to put as little effort into thinking about this stuff as possible, other than not doing anything too dumb. And it's pretty hard to gently caress things up on year 1 of a 40 year timeline, it'd be different if I was looking to raid it in the coming years.
|
# ? Feb 25, 2020 18:32 |
|
MA-Horus posted:There's still quite a bit of manufacturing done in Canada, quite a bit of it is pretty sexy low-volume stuff. Honda and Toyota have massive plants in Alliston and Cambridge that tend to be among their highest-efficiency plants. Harris L3 is based out of Burlington, they make optics for everything from traffic choppers to drones to satellites. Collins Aerospace manufactures landing gear components for airbus and boeing. Husky in Bolton is without question the world leader in PET injection molding. Yeah I thought the whole "manufacturing is dead in North America" idea was a misrepresentation. Manufacturing is up, it's just done with less people on the assembly line due to automation. I'm not sure how that impacts the total number of people employed though in that sector. Trying to find manufacturing sector numbers on the Stats Can website on my phone sucks.
|
# ? Feb 25, 2020 19:28 |
|
How we haven't done better leveraging weed tourism is beyond me.
|
# ? Feb 25, 2020 19:42 |
|
|
# ? Jun 12, 2024 22:59 |
|
Tourists need functioning stores and cafes. We've got....uh, randomly situated, poorly stocked, overpriced stores across Ontario. Nailed it.
|
# ? Feb 25, 2020 19:50 |