They certainly don't stretch as far as they used to for sure and here in Canada wages are also stagnating while your leadership drags our dollar even lower compared to US dollar, since much of our goods are bought in US dollars, well you know what happens. Rough times we live in but at some point it has to implode it's not sustainable. I like your mindset of storing crypto for future spending power as the fiat currencies continues their tailspin.
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Lol both my comments on this one coming from Canadian ladies, clearly there's something in the water there spreading reasonable economic ideas. Has anyone been monitoring how much local goods are going up over the last few years? I did a rough calc and for me, over the last 12 years its been 8 - 20% increase on a range of groceries, for example, bread is the big gainer of 20% increase per day for the last 12 years.
So I'm getting cream'd they forcing me to get thinner, lol, and also save in anything but fiat, our stock market is 230% overvalued so not much going on there worth buying so I'm buying due to lack of options.
Wouldn't some of that inflation be offset with your trade agreements with the US? Thought yall are buddy-buddy, not like us that get rammed every time the dollar spikes up a few percentage points, since we now don't have tourism to offset it, which we counted on as an import of foreign capital.
!BEER
I know eh! We also run in similar circles here on hive ( precious metals enthusiast). Yes indeed the economics have been harsh in the last few years. I haven't been keeping track of all the price gains exactly but trends and the fact that I haven't received a raise in a decade yet considered an essential service with no right to strike...that irks me a little.
When the current leader was voted in power, everyone knew he was anti oil & Alberta oilsands and like it or not it's a cash cow for Canada on different levels in return. As soon as he got voted in, the Canadian dollar dropped 30% so all imported goods became that much more expensive over night but because of lack of jobs, wages are stagnant or going down. Add a year of lockdown light on top with worst employment disruption since the great depression. The exodus of oil sector jobs means 100 000 + 6 figure income jobs were wiped out overnight in Alberta to a total of over 400 000 high paying jobs lost and money not being spent n the economy impacting small local businesses that are now dropping like flies having to seek jobs instead of creating them.
There is also supply/demand issues with pricing, one day you will go in and get your celery for $3 then next thing you know the next week it's $7. The same bag of coffee can be 18.99 on week, 14.99 2 weeks later or 8.99 on another than back up. Same effect on many items, prices are unstable, having gotten used to that fact, I load up when it's cheap. Rent, bills, real estate prices, everything is going up yet we are experiencing one of the highest rates of homelessness despite being the most progressive city in Canada in efforts to tackling the issue. Increased crimes, the signs are there for a bad brew. It just doesn't make sense anymore.
The gov may have backdoor agreements but there was a tariff dispute with JT and Trump, no love there. Customer always pay full price regardless of backdoor deals.
That is nuts, not that I've had a pay rise in years either, but I've only been working 8 years lol, still very much a baby in the working world, so I'm not supposed to expect much of an increase but darn it I would like one. I'm no essential service, but I would imagine if things are mandated you should be compensated accordingly, not as if these politicians are taking salary cuts.
I know it Canada is primarily oil, real estate, a little bit of timber and maple syrup they corner that tiny market which isn't the most diversified in my opinion if SHTF, if oil and real estate go, Im, pretty sure that's half the countries wealth in the pooper
I didn't know the knock-on effects would be that bad, the population is still rather small compared to GDP but I guess on one is safe from lockdowns and years of mismanagement, if anything the Alberta oil profits papered over a lot of the cracks that you're clearly saying is starting to show.
WOW, that's nuts, okay we don't get that kind of price movements, that's nuts lol how would I know how much I need to shop from week to week, especially if I'm living paycheque to paycheque?
!ENGAGE 30
There is a lot more to us. Canadian prairies are the breadbasket of the world with our endless farms with wheat, chick peas, canola alone plus other crap. We are a resource based economy overall so it doesn't do us any favors. Our tech industry is lacking and we can't attract big firms. I'm sure your not far off tho with oil and real estate being big. Oil is going going gone while they import from the saudies for canadian consumption while trash and defund our own.
That's why the cracks are showing now because our industry has been under attack and projects stunted by shitty constantly changing gov regulations (some projects tried for 10 year to comply with regulations to be shut down with new ones once they put shovels in the ground). We have a bunch of half abandoned projects and mines. We are tapped out. We didn't care that they bitched and moaned about us while we footed them with a lofty socialist lifestyle if they left us do our thing but if we are not rolling in the dough, there is nobody paying the tab, just accumulating debt.
The issue with our "budding" real estate market, a lot is from money laundering from massive drug and gambling rings or Chinese or other controversial foreign gang related activities trying to hide assets from their government but nobody ever lives there but it drives up property value pricing out locals meanwhile wages can't even come close to keeping up like Toronto or Vancouver. I think AirBnb has a part to play with that too because now everyone and their grandmas want to be a part time hotel and make more money renting to occasional users than long term tenants driving up prices further for renters.
You don't know how much you need from week to week. There are ways of shopping cheaply if you know the tricks by checking what's cheap where and the miss-shaped produce story is like 1/3 price of the supermarket price most people don't want to do the running around to save. I clued in quick when I saw it started a few years ago. I'm not even sure what causes these price fluctuations besides supply and demand dynamics. I know our currency stinks but it's not all over the map either.
Sadly being commodity rich doesn’t equal wealth like it should, if it did it would be a joy to live in South Africa lol we have gold, diamonds, thoreum, mercury, oil and agriculture but it’s a shit show of note we can’t even keep the power on for a full year without raging black outs, we knee cap any economic potential
I always enjoy your replies gives me so much to think about naturally I didn’t know all these things or how bad it is Canada like anywhere in the west is painted as a panacea compare to where I am and people drink the kool-aid to go take their talents and Elsewhere and become tax payers for another state only to find it’s only a marginal return for uprooting your entire life
We’re also pretty socialist here but we have a bigger population and a smaller GDP so it’s sort of curbed things to an extent from what you saying it’s been allows to prosper there sucking up more of the economy and making it hard for the private sector
Would be interesting to see what’s the percentage of the economy Thats government funded in Canada
Yeah it's sad how is happening in South Africa being ripped from resources and all. The people should benefit from some of that. Obviously resource base doesn't get the recognition it should have. In Canada we do have on our side that we are probably one of the most corrupt in the world on the global stage because of easily manipulated governments and skirting of regulations or accountability. (check out SNC lavalin, the world bank and Libya). Basically 2 major cities in Canada will dictate the fate of an election for an entire country (Toronto, Montreal) with imbalanced amount of representative per capita.
To be honest the former republic of North-west Territories ( Alberta+ Saskatchewan+ the current NWT and sounds like Northern Brittish-Columbia wants in on that too, who ever else wants to tag along) is about to re-glue itself and exit Canada altogether if they keep biting the hand that feeds but they keep laughing at it all except our province has taken steps to take control of police and stuff provincially rather than the standard federal police. Applied to move our National pension contributions to be managed provincially, so steps for separation are taking place in the background. There is a political party being set up as well last I heard but they get media censorship. Right now, it feels like we are stuck in a dictatorship disguising as a democratic system but as long as we are tied to that p**o queen, we get raped as citizens. (ed)
Well that's the thing, I'm sure our lives have many similarities yet can be different all at the same time. I don't know how the rest of the world really see us or have an opinion of the rest of the world since I never travelled but being on hive has opened my eyes many certainly have it way worse that's for sure, it's easy to look like we live in utopia in some regards with quality of life but you have to work much harder and be much smarter than the average immigrant currently coming in. I'm all for helping people but the life changes are are too much to handle once they get here that many don't adapt well and become unhappy and isolated because of it and wish they never came here, we are still a capitalist rat race after all, wanna make it gotta have knowledge, drive, skills or capital. Come in with none of that also most degrees abroad are useless in Canada unless you attended internationally accredited schools so many start from absolutely nothing and will settle for anything below standards and get taken advantage of just to have something or resort to a life of crime.
Yes we have nice apartments with big tv's to live in but it will cost 2k/month + to have or you can pay half a million for a house and a 40 year mortgage in one of the low key cities if your lucky if you don't have that well you can live outside, find a tarp or something, who cares if it's winter, they have shelters, early bird gets the bed, rest of you don't worry we'll open the underground city train stations at night on the colder days! In other words, if you have the tools and creativity to do well, the world is your oyster but If you don't it's a never ending poverty circle and it's not fair but at the same time when you try to direct them into how to thrive but they don't want to give up their old ways and it just doesn't work here but then you have some that take the bull by the horns and implement our way of life with theirs they are familiar with and reach the stars. It's a hard situation to explain. Overall, we probably are one of the better countries to live in on more than one aspect and wouldn't want to go anywhere else but conditions are deteriorating fast and the population needs to step up before it's too late, while we still have the right to do so and that is eroding quickly too.
How is life in Canada? Depends on who's narrative because there is major wealth gaps and inequalities. Life can be a paradise or it can be an absolute never ending nightmare, depends on personal choices and opportunities taken I suppose. I do well enough having a highly sought after and rare skill and education around the world for my industry(visas are easy to get for us too), worse case scenario I can just move for a job if things get too bad as it diversifies into many industries but I came from nothing and it was rough getting here and had to take some pretty bold chances that could have catastrophically blown up in my face (and still could literally and metaphorically). Anyone can have the dream lifestyle but too many assume it's easy or free and that's not the case and the high paying jobs are not always the dream jobs. To have the things others don't have be willing to do the things others wont do but too many just want easy high pay without making the sacrifices or getting the skills required and life will be extremely rough for those out here. They always show the good stuff and Canada is pretty good at keeping it's skeletons in the closet, if you only knew the genocidal shit and human rights disasters that went on here yet most assume we are harmless welcoming peacekeepers including our own citizens.
I enjoy our chats too, I like talking politics and humanity and learning how others are dealing. Especially with the conditions in Venezuela, Africa, and everywhere really because I think it's coming to a neighborhood near anyone that isn't quite under that struggle yet. The more I know the better I can prepare in case it gets really bad.
I don't think all forms of socialism are bad but the communist-socialist agenda isn't my cup of tea. I'm more for a compassionate capitalism social model. You help the lower class that wants to be helped move higher and it pays off in the long run but the system currently supports leeches personal , government and corporate and not everyone can be an entitled leach stripping everything from the hard working middle class. Right now the middle class is tired of getting steamrolled when we foot the bill.
Yeah well its a financial world and when thing we measure trade-in is manipulated and can be controlled stuff of real value can have that value hidden, we so concerned by this number on a screen or paper rather than what the value is and what we get out of it. So commodity-rich means very little until there's a supply shock.
Why do those two cities have so much sway? It's not like they're port cities or have major resources? Are they just financial and political hubs?
I didn't know it becomes that fragmented, I think when the chips are down people want to protect what they have and aren't happy to be exploited like in the good times. We can see separatist movements all across the west from America to Spain, to France, so I shouldn't be surprised about Canada, I just guess it's not well publicised as the rest.
I get that it may not be as developed here but we also see the split between the class in tech and degree jobs vs blue collar. I have a degree, I am in tech, I earn some capital from US, AUD and EUR and locally and in general I am better off than most here.
I can also take my skills anywhere since tech is tech. But I'm by no means living a lavish lifestyle, I scrimp and save and invest because trying to build anything with working wages - our inflation rate is already impossible.
Lol, kudos to whoever does Canadas PR because that's EXACTLY what most of us think, that and its cold. I think also the fact that your noisy neighbours to the South take a lot of the attention Canada can sort of fly under the radar and deal with China and no one says shit.
I am by no means against certain socialist policies as long as its funded by the people. If you want public housing sell it as a bond and let the wage earners CHOOSE to fund it, not take with a mandate.
I'm fine with taxing consumption, if I use the roads more than others, I should pay more on my petrol. There is room for funding centrally planned stuff but not with unlimited money printing.
No one cares how they spend if they didn't earn it or work for it.
ENGAGEtokens.Sorry, out of BEER, please retry later...