Theyre literally paid out of the profits. You're spouting nonsense.
teppa
joined 2 weeks ago
Where that got us was a pretty high standard of living, remember when you could buy houses in Palm Springs for 200k? Then we took it for granted and began introducing capital flight.
So he wants them to switch religions and integrate into Israel?
Its definitely not our per capita GDP falling off a cliff via mass immigration, coupled with massive inflation from the BoC buying Covid debt using printed money.
Canada is owned by oil companies. Trace oil prices to Canadians dollar value and you'd see pretty quick as to why.
Or if you have the attention span this is really informative, after all the gold bug stuff:
Traitors to the people blocking their main export I guess. Let's not pretend like BC NDP or Quebec are terribly helpful for Alberta's exports, and Canada isn't refining oil in great volumes any time soon.
The separatist movement clearly exists solely in order to attempt to push pipelines. They are taking the same path as Quebec in an attempt at gaining bargaining power, and Trumps threat of annexation just made it possible.
Though the Feds can run large deficits to feed into the riches assets. Which the BoC buys the bonds to increase the money supply to avoid raising taxes to pay for it, like they're doing with mortgage bonds now to inflate home values.
https://www.bankofcanada.ca/2024/01/operational-details-government-purchases-canada-mortgage-bonds/
They're rich on leverage, as their debts were inflated away, and their assets were bailed out. This is what loose monetary policy and bailouts leads to. Our Federal Government and the Bank of Canada are the ones ultimately causing it.
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A housing minister that wants house prices to remain high and to keep immigration elevated is not going to sit with people.