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In this episode we take a look at the province of Alberta's strategy to exit the Canada Pension Plan and create its own provincial pension plan. Likewise, we'll evaluate the latest inflation numbers for Canada, which showed a small decline in September. What are the main elements driving inflation, and how is the Bank of Canada responding? British Columbia will impose more stringent policies on short-term leasings, such as Airbnb. How will this impact hosts, visitors, and the tourism market in BC? The Bank of Nova Scotia's announceese it's cutting 3% of tasks across its operations, and we'll examine earnings reports of some of the major U.S. Banks, Lockheed Martin, Johnson & Johnson, and Proctor & Gamble.
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In this episode we look at the province of Alberta’s plan to exit the Canada Pension Plan and create its own provincial pension plan. Also, we’ll review the latest inflation numbers for Canada, which showed a slight decrease in September. What are the main factors driving inflation, and how is the Bank of Canada responding? British Columbia will impose stricter regulations on short-term rentals, such as Airbnb. How will this impact hosts, guests, and the tourism industry in BC? The Bank of Nova Scotia’s announceese it’s cutting 3% of jobs across its operations, and we’ll review earnings reports of some of the major U.S. Banks, Lockheed Martin, Johnson & Johnson, and Proctor & Gamble.
Get our weekly newsletter, Pulse. http://www.theinvestingacademy.ca/pulse
Thank you Marc: Your reports
are great summaries of essential
business and economic news.
Thank you, Denis. Appreciate that.
Thank you Marc: Your reports
are great summaries of essential
business and economic news.
Thank you very much. I appreciate that support.
nice updates, in busy times like now its great to have a summary of things to see what Im interested in putting time into. Thinking of moving to Alberta over the next few years so this was a nice heads up.
Awesome.. thanks for your comments, and all the best if you do end up relocating.
In !995 I was told by a Chinese Realtor in Vancover .Canada Let in thousand of Chinese from Hongkong when it went back to China, With the provision that they Invest $250 000 in Businesses in Canada . They formed Companies with 10 depositing $250 000 each . They built houses in POCO and all over the Mainland .And the rented their own houses .They would go back and forth to HONGKONG. They would rent them to Chinese Visiting or going to SCHOOL here.
Yup, that’s pretty much the way it went down. I lived in Richmond starting in 1981, and it was a massive shift over the years.
Well, you said that they *built* new housing so that has to be positive… 🤷
The wealthy Asian that bought house in Canada is mostly multi million dollar homes. Something the average person can only dream of owning. If you do a search of how many air bnb are in your area. You’ll see it gotten out of hand.
can u pls use time stamp for ur video??? It’d be easier to look for the section i want to see quickly
Sobeys gave their employees a 1% yearly pay raise. My rent went up 5%. I’m losing big time.
That math doesn’t sound good. ☹️
What they need to do for Air BnB is make it easier to remove non paying long term tenants. I know many went to short term rentals because of this.
Totally agree. It was a long time ago that I was a landlord, but when I was, it was headache after headache. And costly to boot.
Unfortunately this common sense and fair approach would not happen in Canada.
Hi Marc, Alberta will probably put in place what Quebec has. Quebec has QPP which follows the same rules and works the same as CPP but probably managed by a different pension manager under the Régie des Rentes in Quebec.
I suppose that’s the way the program would roll out if it did go that way. The QPP is basically a mirror of the CPP, with a few exceptions. But it doesn’t really matter, IMO, to the retiree…. basically the same.
Great report! Thanks! 👍
Thanks for watching!
I liVe in Alberta and I’m not particularly excited about the “provincial” idea. In some way,it just seems so ridiculously complicated,and when it comes to it…”complicated”+ government = ridiculously expensive. I have no confidence that our government would do a provincial pension competently..in any way. CPP is something we all pay into. It travels with you and for all it’s short comings,it still basically works ok for most Canadians.🤷🏻♂️
…what do you think about paying Equalization towards “have-not” provinces?
@Vee Lican’t say I love it,but it’s what provinces agreed to. The feds didn’t just make it up on their own.
Thanks for the update Marc!
The BC government is overstepping their authority. We need a class action lawsuit!
Thanks
I can’t say enough of how much i love these updates, Marc. Many thanks for gathering all news for us and delivering it in a short, concise way. Brilliant.
Aire BNB should be banned across Canada!
Boooo!!
53% !! LOL.