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Old 01-18-2024, 08:35 AM
 
Location: Gatineau, Québec
26,883 posts, read 38,059,497 times
Reputation: 11651

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Canada is most definitely not out of the first world at this point but does have some fairly serious problems.

In terms of our socio-economic prospects I am in my 50s and can't remember darker storm clouds than now. (The 1990-1995 national unity crisis was a dark time too but it was mostly political and not really economic.)
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Old 01-18-2024, 08:38 AM
 
Location: Gatineau, Québec
26,883 posts, read 38,059,497 times
Reputation: 11651
Quote:
Originally Posted by Luisito80 View Post
I have said that before, the middle and lower class are under attack in this country. Add to all this the elitist arrogant woke madness and the attack on people to speek freely on certain issues. (Example of this the reporting and shutting down of a certain thread on here yesterday). It's getting out of control. Quebec is the only sane place in this country. Housing, university education, excellent public transportation, child care etc etc are still affordable for the middle and lower classed in Qc, not to mention they still value their own culture and way of life.
Quebec is probably doing a bit better than the other provinces and has more of a collective and political will to resist the toxic and negative pressures, but we're still greatly challenged by all of this and cracks are definitely appearing in the foundation here as well.
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Old 01-18-2024, 09:44 AM
pdw
 
Location: Ontario, Canada
2,676 posts, read 3,098,337 times
Reputation: 1820
Quote:
Originally Posted by Financial Man View Post
Sadly it’s not that simple dude for many reasons. Canada has many fundamental issues to deal with like the low productivity per worker, lower wages than the US, higher cost of living than the US, the low quality mass migration from Asia and now they face massive addiction and crime issues. All of these throwbacks has turned Canada into hell.

It’s really really sad because Canada used to be a prosperous state to make a living but now is entirely unliveable for the majority of the mid class citizens. Trudeau has devastated this country in just 8 years.
I don’t agree with crime getting worse. Maybe if you look on a year by year basis and see a spike over the last few years, but it’s much safer walking the streets than it was in the 90s/early 00s. Things like muggings, street prostitution are practically nonexistent. I’m not even sure there’s more gang activity now either. It’s certainly a concern, but all the sensationalism is a lot to do with 24h news in the internet. Statistics show a big decline in crime over time.

Homelessness has certainly gotten worse. If we fix the cost of housing, we’ll fix that too. There’s no public housing being built anymore and market rents have skyrocketed so drug addicts, mentally disabled people, etc that used to be able to live in apartment are now on the streets.

The wages thing, I 100% agree is a big issue. I think immigration and investment in education will create more entrepreneurs here. We just need to be more startup friendly to stop those ventures from being poached by the States. I think we can do it; the wheels are in motion. 5 years from now things will be better, I’m very optimistic about it
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Old 01-18-2024, 09:46 AM
 
Location: Saskatoon - Saskatchewan, Canada
827 posts, read 866,788 times
Reputation: 757
Quote:
Originally Posted by smihaila View Post
The Canadian "dollar" will achieve pesos status very soon...
1 Canadian dollar is currently worth 0.74 US dollar. In the last 40 years, the exchange rate stayed between 0.70 and 0.80 USD during most of the time in the mid 80s, mid 90s and lately since 2015 until today. The Canadian dollar was usually stronger than today between 2005 and 2015 and weaker than today between the late 90s and early 2000s. So, historically, the Canadian dollar is not really too weak now. It looks weak when compared to a decade ago when it was close to parity with the USD, sometimes being even more valued than the USD. But overall, considering several decades, the CAD is not that much undervalued, the average historical exchange rate is probably near 1 CAD to 0.80 USD.
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Old 01-18-2024, 09:59 AM
 
1,227 posts, read 502,972 times
Reputation: 765
[quote]
Quote:
Originally Posted by pdw View Post
I don’t agree with crime getting worse. Maybe if you look on a year by year basis and see a spike over the last few years, but it’s much safer walking the streets than it was in the 90s/early 00s. Things like muggings, street prostitution are practically nonexistent. I’m not even sure there’s more gang activity now either. It’s certainly a concern, but all the sensationalism is a lot to do with 24h news in the internet. Statistics show a big decline in crime over time.
Not in many parts of western Canada in cities like Edmonton and WInnipeg. PDW is right about street prostitution, but that has moved online with the whole escort business. The oldest proffesion has not gone anywhere.

Quote:
Homelessness has certainly gotten worse. If we fix the cost of housing, we’ll fix that too. There’s no public housing being built anymore and market rents have skyrocketed so drug addicts, mentally disabled people, etc that used to be able to live in apartment are now on the streets.

The wages thing, I 100% agree is a big issue. I think immigration and investment in education will create more entrepreneurs here. We just need to be more startup friendly to stop those ventures from being poached by the States. I think we can do it; the wheels are in motion. 5 years from now things will be better, I’m very optimistic about it

Homelessness has alot to do with the fact that people are addicted to drugs and can't hold down a job or live a normal life. You give an addict a place to live they will be back on the street within 24-48 hours or turn there new home into a drug den. We need to fix the lax attitude towards drugs in this country. There is also the problem of mental illness.

There is no quick fix to the housing crisis, we can't build homes fast enough. The million or so new immigrants in the next couple years are going to make thing worse. It is a supply and demand issue.

Last edited by Luisito80; 01-18-2024 at 10:12 AM..
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Old 01-18-2024, 10:31 AM
 
1,227 posts, read 502,972 times
Reputation: 765
Canadas entire demographic salvation is based around one group. They are also the ones getting priority for help with housing. Forget everyone else...

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Old 01-18-2024, 10:34 AM
 
Location: Vancouver
18,504 posts, read 15,571,038 times
Reputation: 11937
Comments and predictions from two different sources on how different provinces are doing economically.

https://economics.td.com/provincial-...rowth%20charts.

https://www.cicnews.com/2023/11/2023...html#gs.3sgydg
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Old 01-18-2024, 10:35 AM
 
Location: Vancouver
18,504 posts, read 15,571,038 times
Reputation: 11937
Quote:
Originally Posted by Acajack View Post
Canada is most definitely not out of the first world at this point but does have some fairly serious problems.

In terms of our socio-economic prospects I am in my 50s and can't remember darker storm clouds than now. (The 1990-1995 national unity crisis was a dark time too but it was mostly political and not really economic.)
Such doom and gloom!

What specifically are you most concerned about?
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Old 01-18-2024, 10:42 AM
 
1,227 posts, read 502,972 times
Reputation: 765
Quote:
Originally Posted by Natnasci View Post
Such doom and gloom!

What specifically are you most concerned about?
LMAO I guess Vancouver is not worried about the rise in home costs (the cost of life in general) or homelesness. Tell us you're privleged without telling us you're privileged and don't care about your fellow Canadians.
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Old 01-18-2024, 10:56 AM
 
Location: Gatineau, Québec
26,883 posts, read 38,059,497 times
Reputation: 11651
Quote:
Originally Posted by Natnasci View Post
Such doom and gloom!

What specifically are you most concerned about?
For starters, the likelihood of my kids being able to buy a property in 5-10 years' time.

Even if we were to drastically cut the intake of newcomers in all categories (which we actually haven't really decided to do yet), we're actually so far behind in terms of annual housing starts (relative to population increase) that I have no idea how we are going to get out of this.

We also now have millions of temporary foreign workers and bogus foreign students (see today's Globe and Mail) who for the most part are here to stay and are mismatched in terms of skills (ie - low) when it comes to the people we need to make our economy more competitive.

So basically, the risk of Canada ending up with a large permanent underclass of low-skilled people brought in from abroad to fill gaps, like exists in European countries like France and Germany, is extremely high now.

It's truly depressing because up until fairly recently Canada's immigration system was top of the class and indeed the envy of the world.

It was a bit part of what made us such a peaceable dominion because we picked people intelligently based on their odds of building themselves a piece of the good life here in Canada - which is what almost all of them did.

I am not as optimistic about the odds of the girls working at Tim Hortons or guys delivering Uber Eats right now, with how the economy is set to evolve.

And more generally, the growing gap in productivity and wealth between Canada and the US is also a big concern.

These are just a few things off the top of my head.
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