Canada Just GUARANTEED a MASSIVE CRASH in Canadian Real Estate Market!
Canada has been very busy lately, working hard on their booming oil market, the world has been truly jealous. With sound monetary principles and an economy worth writing home about, Canada has been the model of success. And now back to reality…
Bank of Canada increases overnight rate target to 1 per cent – Bank of Canada
Canada Interest Rate | 1990-2017 | Data | Chart | Calendar | Forecast
Big banks hike prime rates after Bank of Canada tightens monetary policy – Business – CBC News
Bank of Canada, major lenders hike rates as economy roars – The Globe and Mail
When you borrow against your home, then interest rates rise – The Globe and Mail
Josh Sigurdson talks with author and economic analyst John Sneisen about the massive tax hike just issued to Canadians, mainly small businesses.
As 50% of small businesses in Canada don’t make it past the one year mark, Prime Minister Justin Trudeau announced un-apologetically that taxes will be raised on small businesses in order to “grow” the middle class which of course is the group taking the biggest hit.
Trudeau during the election claimed that small businesses were largely just ways for people to hide their taxes.
Now let’s get this straight. Taxation is theft. The vast taxation Canadians face on a daily basis is nothing short of robbery. From income taxes to the carbon tax, property tax, business tax, general sales tax, provincial sales tax and countless others. Not to mention inflation, the hidden tax.
The government puts in regulations and taxes on businesses under the guise of stopping monopolies when these regulations and taxes in actuality CREATE monopolies by pushing small businesses out of the market.
The major corporations that liberals act as if they oppose can afford to pay the taxes. They can just lay off tons of employees, or just move to another country with less aggressive regulations and taxes. The small businesses are then forced to pay these taxes and follow these regulations and they simply can’t afford to compete in the market and they’re driven out of business.
The free market provides so much more than the state, and far more efficiently.
The debt accumulation and poverty in Canada is growing by the day.
Canada’s private debt to GDP is 6th in the world at 266.89%. That’s insane!
Trudeau is moving Canada towards the likes of Venezuela and Zimbabwe. Truth be known, Trudeau doesn’t have much of a say, he can hardly spell his own name, he’s the talking head as bankers and regulators work behind the curtain to shove people into debt servitude via the hand of the central bank and governing powers, but people think all surface, no substance, so people must be made aware of what these implementation mean and what they will further lead to.
Stay tuned for more from WAM as we continue to call out that which the media refuses to touch!