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18,979.01-256.08 (-1.33%)
At close: 04:20PM EDT

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  • T
    Tom
    Bay Street manipulation as usual , total CRIME here!
  • T
    Tom
    bye
    18K as Tiff is clueless on Canada ecnomy.
  • i
    idontgivafuk
    Not looking good probably a bad 2023 coming
  • F
    Frank
    Canadian banks are trustworthy
  • r
    rob s
    Credit Suiss is having CF issues. The problem they say is not a contagion. I beg to differ. CDS's are essentially insurance on the ability of the borrower to repay the bond as I understand it. The problem once again is that rates have risen too fast and the borrower cannot keep up with existing CF - a time lag in the system. 2008 is happening again. Think of all of the money made when the market crashed - think they might be planning this again?
  • M
    Mark
    Webster's Dictionary - "Tiff" verb meaning "to destroy an economy by using outdated models"
  • r
    rob s
    Good News; Experts say street economy looks good 2 yrs out which means stock market should start to get better end of year early next. I suspect there will be forced cycles going forward instead of 15 yrs of artificial up, so long-term investing is dead, manage the cycles. Jagmeet Singh and Pierre Poilievre are not doing their jobs as opposition parties with these undelivered questions: Why are Canadians paying 13% retail taxes with sky-rocketing inflation? Why are we paying 6% Real Estate fees with housing at record levels? Why are we paying carbon taxes when we do not have carbon choices? Why are our pensions not keeping up with real inflation? Why do Big companies receive support that small business do not receive when small business represents more than 65% of our economy? Why does healthcare not have universal rules and execution across the country since it is federally mandated with the health act? When will the opposition parties actually be opposition? Thanks for letting me rant.
  • M
    Mike
    I'm about ready to cash out... save the money and wait for a clear reversal
  • T
    Tom
    All these rate hikes have done ZERO for inflation !
    Tiff just dont get it
    HEY?
  • r
    rob s
    My Rant for the day; First, I read several reports that suggest another 20% downside in markets to be helpful. Second, Central Banks have broken world economies. The Bank of England now back to easing suggests the suits really do not know what they are doing. Canada spurns small business with its policies and lack of support. Canada relies on BIG companies for employment. ie FDX has an operating margin of ~3%, how long can they stay in business then? How many BIG companies in Canada creating employment are not sustainable leaving Canadians with a dismal future? (too few responsible for too much) I have read many financials of many companies. I can tell you that many companies are in danger of not being going concerns when adjusting for inflation and factoring in innovation/capital requirements. Further, Canada exists in a false economy on printing money - the new monetary system is hitting a speed bump which means Canada is in trouble. Our dollar is collapsing which means more inflation in our country. The annual demand for spending far outpaces the GDP/Value Creation, and it will for some time as countries like Canada grapple with the environment, social demands, infrastructure, etc. The New Monetary System needs more structure and discipline and uneducated unskilled people like Trudeau and Freeland are dangerous for our country because they do not have the education and skills to navigate what is going on. How can one take on The Minister of Finance without proper education? This suggests a degree of selfishness and arrogance with a result of ruining our country. Our banks are the only thing worth investing in on the TSX in my view and that is because the government purchases their bad debt - rigged game. Commodities are far too volatile for me. Canada has eliminated all possibilities for Canadians to invest to generate retirement income such as trusts, tenant Act, one sided labor policies, rigged self-regulated industries, etc. Cycles happen, people die, and businesses fail, trying to constantly rig the game will only magnify problems and increase volatility and disruption. Our own universities teach economic equilibrium, we fail to follow our own teachings with our policies. We have mature markets which means equilibrium is now out of balance. All the printing of money will not change the pendulum swinging. Be careful. GL. Thanks for listening.
  • r
    rob s
    I just converted my U.S. currency back into CDN and here is why; Canada's economy is essentially Banks and Commodities. The world needs commodities for EV's, Housing shortages, and Energy. Banks are the most stable in the occupied earth as far as I know - rigged game. Hope I am right because Canada cannot afford to have lower currency right now due to inflation.
  • R
    Rong
    I lost 80k today. Just wish today get over sooner. Lol
  • T
    Tom
    Bank of Canada is backward looking on inflation.
  • T
    Tom
    Canada losing jobs faster then any other country in the world !
  • T
    Tom
    How can you have FULL employment with NEGATIVE GDP growth Mr. Tiff ?
    why raise rates??? so we can have a LOWER GDP ??? and full blown recession?
  • M
    Mark
    Bay street Cartel - "the higher the climb, the harder the tank" Like clockwork
  • T
    Tom
    bye bye
    19K
  • T
    Tom
    Bank of Canada needs a real governor that knows what to do here, TIFF you are on way OUT.
  • r
    rob s
    Converted my U.S. currency to CDN yesterday morning. I purchased CDN bank stocks. I believe Canada will do better going forward simply because our Banking system is rigged and our commodities are in need with the world wanting to build things like EV's and Houses to meet demand. I put all of my money in CDN banks because if I go down the whole country goes down. A depression today would not be like a depression in 1929. My take is that the New Money Printing system will continue past the speed bump with some controls and road signs put in place. The world will continue to require spending past its value creation (GDP) until value catches up. Think Elon Musk and the wonderous futures he aims at, this is the type of value creation required to justify the money printing. Hopefully Canada can catch up.
  • R
    Realbullishcowboy
    TSX saying 🇨🇦 wants a regime change….investors losing confidence in Bank of🇨🇦 with Trudeau Freeland