Ryan Strome Posted April 3, 2018 Share Posted April 3, 2018 4 minutes ago, kingofsurrey said: Reality is important.... You do know the ndp doubled B.Cs debt right? Link to comment Share on other sites More sharing options...
kingofsurrey Posted April 3, 2018 Share Posted April 3, 2018 5 minutes ago, Ryan Strome said: You do know the ndp doubled B.Cs debt right? You did look at the chart , right ? Link to comment Share on other sites More sharing options...
Ryan Strome Posted April 3, 2018 Share Posted April 3, 2018 Just now, kingofsurrey said: You did look at the chart , right ? When the NDP assumed power in 1991, the B.C. provincial debt was $17-billion. When it got kicked out in 2001, it was nearly $34-billion. The NDP doubled it. you do like facts right? Link to comment Share on other sites More sharing options...
Rob_Zepp Posted April 3, 2018 Share Posted April 3, 2018 No investment money, interest rates go up and Trudeau's Canada goes "poof" The head of one of Canada's largest banks is urging the federal government to stem the flow of investment capital from this country to the United States — because, he warns, it's already leaving in "real time." RBC president and CEO Dave McKay discussed some of his biggest concerns about Canadian competitiveness, particularly those related to recent U.S. tax reforms, during a recent interview. Ottawa has come under pressure from corporate Canada to respond to a U.S. tax overhaul that's expected to lure business investments south of the border. McKay told The Canadian Press that a "significant" investment exodus to the U.S. is already underway, especially in the energy and clean-technology sectors. The flight of capital, McKay added, will likely be followed by a loss of talent, which means the next generation of engineers, problem solvers and intellectual property could be created not north of the border, but south of it instead. "We would certainly encourage the federal government to look at these issues because, in real time, we're seeing capital flow out of the country," McKay said. "We see our government going around the world saying what a great place Canada is to invest — yes, it is a great country, it's an inclusive country, it's a diverse country, it's got great people assets. "But if we don't keep the capital here, we can't keep the people here — and these changes are important to bring human capital and financial capital together in one place." Since the election of U.S. President Donald Trump, Canada's investment landscape has been dealing with deep uncertainty related the ongoing renegotiation of the North American Free Trade Agreement. But many point to Trump's recent U.S. tax measures as potentially more dangerous, fearing that dramatic corporate tax cuts in the U.S. will eliminate Canada's advantage. Canada's competitiveness challenges go beyond the high-level, tax-rate changes in the U.S. bill, McKay said. For instance, he pointed to another important element he said is encouraging capital to flow out of Canada — a change that enables U.S. companies to immediately write off the full cost of new machinery and equipment. "The acceleration of that in the U.S. completely changes the investment returns that you see on major investments," said McKay. "I think that alone may shrink competitiveness." Tax expert Jack Mintz said the U.S. change allows firms in all sectors to expense the full cost of new equipment. In comparison, he said, Canada has a two-year write-off for equipment for just the manufacturing and the processing sectors. Mintz, a University of Calgary professor, said he believes the expensing of capital investments is encouraging a lot of companies to shift their investments to the U.S. Although the business community pressed federal Finance Minister Bill Morneau to take specific steps in his February budget to address the competitiveness concerns, their efforts went unrewarded. Indeed, Morneau has had to defend the budget against complaints it didn't do enough to protect Canada from the U.S. tax changes. A spokesman for Morneau did the same, arguing that Canada's corporate tax rates remain competitive and that the country has led the G7 in growth. "There will be no knee-jerk reactions from this minister, and we are doing our homework," Daniel Lauzon wrote in an email. "This includes listening to, and hearing from, the business community on how the competitive environment is evolving." John Manley, president of the Business Council of Canada, said the issue of competitiveness was "absent" from the federal budget. "We're always in this difficult competition to attract investment and to retain investment — and it's not to be taken lightly because investment can move quickly," Manley said. Regardless of the cause, some experts are seeing signs in the economic data that suggest capital is already flying south. BMO chief economist Douglas Porter said it's too early to draw conclusions, but the fact the Canadian equity market and currency have both been on the weak side this year supports the possibility that capital is leaving the country. The Canadian dollar is one of the few currencies in the world to weaken against the U.S. dollar this year, and for no immediately apparent reason, Porter said. None of the provincial budgets released so far took steps to improve Canada's competitiveness, such as tax relief, he added. Link to comment Share on other sites More sharing options...
Ryan Strome Posted April 3, 2018 Share Posted April 3, 2018 3 minutes ago, kingofsurrey said: You did look at the chart , right ? Keep in mind I hate the B.C liberals and yes they have added lots of debt but the the ndp doubled the provincial debt in 10 years. Horgan is on the same path. Didn't the B.C budget add over 4 billion in debt? Link to comment Share on other sites More sharing options...
kingofsurrey Posted April 3, 2018 Share Posted April 3, 2018 4 minutes ago, Ryan Strome said: Keep in mind I hate the B.C liberals and yes they have added lots of debt but the the ndp doubled the provincial debt in 10 years. Horgan is on the same path. Didn't the B.C budget add over 4 billion in debt? Link to comment Share on other sites More sharing options...
Rob_Zepp Posted April 3, 2018 Share Posted April 3, 2018 7 minutes ago, Ryan Strome said: Keep in mind I hate the B.C liberals and yes they have added lots of debt but the the ndp doubled the provincial debt in 10 years. Horgan is on the same path. Didn't the B.C budget add over 4 billion in debt? While all true, that bit about NDP, what does it have to do with how Trudeau is ruining Canada? BC is a mess and having NDP leading it is pure entertainment but, again, wasn't this about the Trudeau show? Link to comment Share on other sites More sharing options...
Ryan Strome Posted April 3, 2018 Share Posted April 3, 2018 4 minutes ago, kingofsurrey said: Your graph clearly shows the B.C ndp doubled the provincial debt which is exactly what I told you. 1 Link to comment Share on other sites More sharing options...
Ryan Strome Posted April 3, 2018 Share Posted April 3, 2018 2 minutes ago, Rob_Zepp said: While all true, that bit about NDP, what does it have to do with how Trudeau is ruining Canada? BC is a mess and having NDP leading it is pure entertainment but, again, wasn't this about the Trudeau show? Go back a page. Link to comment Share on other sites More sharing options...
Ryan Strome Posted April 3, 2018 Share Posted April 3, 2018 3 minutes ago, Rob_Zepp said: While all true, that bit about NDP, what does it have to do with how Trudeau is ruining Canada? BC is a mess and having NDP leading it is pure entertainment but, again, wasn't this about the Trudeau show? Btw just a fyi if you didn't know. Pierre Trudeau was actually a ccf(now ndp) supporter when he was younger. Maybe at heart Justin is a socialist. It's clear both father and son love massive spending and debt. Link to comment Share on other sites More sharing options...
kingofsurrey Posted April 3, 2018 Share Posted April 3, 2018 1 minute ago, Ryan Strome said: Btw just a fyi if you didn't know. Pierre Trudeau was actually a ccf(now ndp) supporter when he was younger. Maybe at heart Justin is a socialist. It's clear both father and son love massive spending and debt. What is wrong with a social democracy ? It is the best governments across the world..... Link to comment Share on other sites More sharing options...
Gurn Posted April 3, 2018 Share Posted April 3, 2018 (edited) 14 minutes ago, Ryan Strome said: Your graph clearly shows the B.C ndp doubled the provincial debt which is exactly what I told you. I wonder what that debt looked like compared to the province's gdp? Edited April 3, 2018 by gurn Link to comment Share on other sites More sharing options...
Ryan Strome Posted April 3, 2018 Share Posted April 3, 2018 3 minutes ago, kingofsurrey said: What is wrong with a social democracy ? It is the best governments across the world..... No it isn't. 1 Link to comment Share on other sites More sharing options...
Rob_Zepp Posted April 3, 2018 Share Posted April 3, 2018 9 minutes ago, Ryan Strome said: Go back a page. Oh, I see. Makes sense though someone who supports both BC NDP and Federal Liberals must have a very challenging time figuring out what they stand for as both are a mess and quite often diametrically opposed on issues. 1 Link to comment Share on other sites More sharing options...
Ryan Strome Posted April 3, 2018 Share Posted April 3, 2018 Just now, gurn said: I wonder what that debt looked like compared to the provinces gdp? I guess you could say that same thing under the B.C liberals and all of Canada, and the World. Link to comment Share on other sites More sharing options...
Rob_Zepp Posted April 3, 2018 Share Posted April 3, 2018 1 minute ago, gurn said: I wonder what that debt looked like compared to the provinces gdp? Don't bring reality into the equation, it misses with the false narrative. Link to comment Share on other sites More sharing options...
kingofsurrey Posted April 3, 2018 Share Posted April 3, 2018 1 minute ago, Ryan Strome said: No it isn't. Sorry but you are wrong... https://www.commondreams.org/further/2009/05/11/worlds-happiest-countries-social-democracies Link to comment Share on other sites More sharing options...
Ryan Strome Posted April 3, 2018 Share Posted April 3, 2018 Just now, Rob_Zepp said: Don't bring reality into the equation, it misses with the false narrative. Actually using reality in this case actually helps in defending the B.C liberals. And tbh I don't know who I hate more BC liberals or ndp. Link to comment Share on other sites More sharing options...
Ryan Strome Posted April 3, 2018 Share Posted April 3, 2018 1 minute ago, kingofsurrey said: Sorry but you are wrong... https://www.commondreams.org/further/2009/05/11/worlds-happiest-countries-social-democracies Yes I'm wrong because you found a report that shows people like socialism. Remember when I showed you a report that ranked Canada #1 and then #2 the following year? Oh ya you dismissed that report.. Link to comment Share on other sites More sharing options...
Rob_Zepp Posted April 3, 2018 Share Posted April 3, 2018 Just now, Ryan Strome said: Actually using reality in this case actually helps in defending the B.C liberals. And tbh I don't know who I hate more BC liberals or ndp. I was never as aware of them but during their entire 10 years or whatever was secretly curious what they were doing so well as they continually seemed to be ahead of everywhere else in Canada in growth and people were moving there in droves. I heard they had some interesting leaders (socially awkward) but that, in all, the fixed a lot of things and were progressing key projects for future benefit. All I hear now is pretty much your Province is shut down. Too bad there isn't an alternative to both of them there. Isn't there a conservative option? Link to comment Share on other sites More sharing options...
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