Author Topic: The official "Business and Economy" Thread  (Read 1170 times)

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Offline pmrules

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The official "Business and Economy" Thread
« on: January 21, 2015, 10:59:00 AM »
I looked for a similar titled thread, but couldn't find one.

Bank of Canada REDUCES (i repeat, reduces) its overnight rate by 25bps.

http://www.theglobeandmail.com/report-on-business/economy/bank-of-canada-rate-cut/article22548417/

Offline hockeyfan1

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Re: The official "Business and Economy" Thread
« Reply #1 on: January 31, 2015, 10:35:09 AM »
British-based financial magazine,.The Economist, named Toronto as best overall city in the world to live in.

The criteria was based on business environment, livability, democracy, security, and safety.  Toronto did not finish first in all of the categories -- it placed fourth in the business environment & livability lists, and eight in the safest cities list.  It also ranked at #70 out of 140 cities when it came to living expenses.

Generally-speaking, out of the too 25 cities in the world, Toronto topped 'em all overall.

Second to Toronto, Montreal came in second, while Stockholm and Amsterdam were third and fourth, respectively.

Here's the list of the Too 10 best overall:
1    Toronto
2    Montreal
3    Stockholm
4    Amsterdam
5    San Francisco
6    Melbourne
7    Zurich
8    Washington D.C.
9    Sydney
10  Chicago



Here's the story:
https://ca.finance.yahoo.com/blogs/insight/toronto-montreal-take-top-spots-for-best-places-140812272.html

Offline LittleHockeyFan

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Re: The official "Business and Economy" Thread
« Reply #2 on: February 01, 2015, 09:14:35 AM »
Washington? Seriously?

 ::)

Offline pmrules

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Re: The official "Business and Economy" Thread
« Reply #3 on: July 15, 2015, 11:23:32 AM »

Another Rate Drop by the Bank of Canada.

Don't know yet if the  banks are going to follow suit and drop mortgage rates accordingly...we'll find out shortly.

Edit:  TD has responded with a 10bps drop in its prime rate

Link here.
« Last Edit: July 15, 2015, 11:26:19 AM by pmrules »

Offline L K

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Re: The official "Business and Economy" Thread
« Reply #4 on: July 15, 2015, 12:18:19 PM »
Listening to Harper fumble his way around the issue to avoid calling it a recession has been amusing to me.

Offline hockeyfan1

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Re: The official "Business and Economy" Thread
« Reply #5 on: March 05, 2016, 03:10:06 AM »
No more gold reserves:  why the Canadian federal government has been selling it's gold...

https://ca.finance.yahoo.com/news/canadas-gold-almost-empty-ottawa-unloads-last-stash-134708003.html


...and why experts say it's the right thing to do...

https://ca.finance.yahoo.com/blogs/insight/gold-sell-off-a-sound-investment-for-canada-213022152.html

Offline hockeyfan1

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Re: The official "Business and Economy" Thread
« Reply #6 on: November 20, 2017, 03:49:11 AM »
What could happen should U.S. President Donald Trump terminate NAFTA and what it will mean for Canada:

https://www.thestar.com/news/world/2017/11/17/say-donald-trump-kills-nafta-heres-what-experts-say-will-happen-to-canada-analysis.html

Offline Arn

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Re: The official "Business and Economy" Thread
« Reply #7 on: December 04, 2017, 03:43:49 PM »
Brexit is working out swimmingly.

Today Britain thought it had done enough of a deal to move on to trade talks. There were 3 key strands to be covered.

Eu citizen rights for those already living in the UK.

How much money the UK owed Europe to leave (they said they'd owe nothing. They've climbed down and agreed to pay 50 billion)

The Irish border. Both sides of UK and EU have said they don't wish to have a "hard border" return to the island of ireland as had existed in the past and been a major cause of the "troubles".

The UK government agreed to let NI have devolved powers to allow it to maintain EU and Irish laws. This then meant the Scots said "if they can have  a special deal, we want one too"

It caused the Democratic Unionist Party whose 10 Mps prop up the conservative UK government said "We're taking our 10 votes away if you treat Northern Ireland differently".

So having told the EU they agreed the government have run away again.

https://www.theguardian.com/politics/2017/dec/04/juncker-and-may-fail-to-reach-brexit-deal-amid-dup-doubts-over-irish-border

If it wasn't such an embarrassment all round it would probably be hilarious

With regards to business virtually every financial services organisation and car manufacturer has said they'll have to leave the UK if it leaves the single market and customs union  as the levies on exporting goods and importing parts to build cars will make their business non viable.
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Online Frank E

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Re: The official "Business and Economy" Thread
« Reply #8 on: December 04, 2017, 04:32:58 PM »
Brexit is working out swimmingly.

Today Britain thought it had done enough of a deal to move on to trade talks. There were 3 key strands to be covered.

Eu citizen rights for those already living in the UK.

How much money the UK owed Europe to leave (they said they'd owe nothing. They've climbed down and agreed to pay 50 billion)

The Irish border. Both sides of UK and EU have said they don't wish to have a "hard border" return to the island of ireland as had existed in the past and been a major cause of the "troubles".

The UK government agreed to let NI have devolved powers to allow it to maintain EU and Irish laws. This then meant the Scots said "if they can have  a special deal, we want one too"

It caused the Democratic Unionist Party whose 10 Mps prop up the conservative UK government said "We're taking our 10 votes away if you treat Northern Ireland differently".

So having told the EU they agreed the government have run away again.

https://www.theguardian.com/politics/2017/dec/04/juncker-and-may-fail-to-reach-brexit-deal-amid-dup-doubts-over-irish-border

If it wasn't such an embarrassment all round it would probably be hilarious

With regards to business virtually every financial services organisation and car manufacturer has said they'll have to leave the UK if it leaves the single market and customs union  as the levies on exporting goods and importing parts to build cars will make their business non viable.

Eh, Canada is going through some troubles in dealing with the North American Free Trade Agreement (NAFTA) re-negotiations with the Trump administration.

These trade agreements are very complex (similar to Brexit's re-negotiation with other European nations), and I'm not sure the Trudeau administration has the guns to be very effective in our negotiations, both from a personnel and economics perspective. 

These are very complicated times. 

Offline Nik the Trik

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Re: The official "Business and Economy" Thread
« Reply #9 on: December 05, 2017, 04:50:38 AM »
Eh, Canada is going through some troubles in dealing with the North American Free Trade Agreement (NAFTA) re-negotiations with the Trump administration.

These trade agreements are very complex (similar to Brexit's re-negotiation with other European nations), and I'm not sure the Trudeau administration has the guns to be very effective in our negotiations, both from a personnel and economics perspective. 

The issue here isn't one of complexity. It's an issue of a lack of any sort of unifying trade policy on one hand and the very real problem of governing without a mandate on the other. The Canada-EU trade deal was more complex than either negotiation and that got handled fine by Trudeau and his team.

NAFTA negotiations are being complicated because the person running the US economy seems to barely have a 4th graders understanding of economic policy beyond selling branded ties at JC penny and can't decide if he wants a trade policy based on neoliberal crony capitalism like his party wants or the faux-populist protectionism he ran on.

Meanwhile Brexit, which isn't really a trade deal, is the result of having a dubious mandate for a massive change in any number of national policies(the result of putting an incredibly complex decision like leaving the EU as a strict yes or no question) while having no real mandate to govern the actual country after the near disaster of May's short election call. "Brexit" is barely a decision, let alone a coherent policy for extricating one country from the tangled web of EU policy. Leaving the EU was sold on the obviously faulty idea that the Tories could negotiate a favourable deal while not having the option of walking away from the negotiations while the EU, which has a vested interest in keeping their coalition together, has no real incentive to offer the UK favourable terms.

The world had 20 years where the right wing parties of the world(Conservatives, Republicans, Conservatives) and the Centre-Right parties(Liberals, Democrats, Labour) were virtually identical in economic policy and deals were easy to make. Now you have a situation where the remnants of that failed movement, one in which moving jobs away from developed nations and concentrating wealth in the hands of a select few, shockingly, didn't end up great for the working class in those developed nations, are trying to negotiate with the Clown Show that has grown out of right-wing resentment out of realizing the people they voted for have been tying their shoes together and then asking them to race.

Complexity is not the issue. The issue is that the only two voices at the table are the people holding onto a dead dream of globalization working for everyone and those who bring nothing to the table outside of shouting rank economic illiteracy at the top of their lungs.
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Re: The official "Business and Economy" Thread
« Reply #9 on: December 05, 2017, 04:50:38 AM »