Almost 2 months and Trudeau almost has us Broke!

[cottonpicken]

If we start seeing npl's(non performing loans)spike up into the ten percent range on mortgages let alone corprate. Well it's over 600 billion in cmhc and over 600 on the banks books we are going to have a lite bit of a problem not uncontainable. The states already showed us that course of action but bank stocks would seem risky to me imo.

[perfecho]

IMHO ij, this is the perfect time to do those things, so everyone knows the rules when things do go the other way. It wasn't done at 130/barrel....new ideas for energy..great! We have always talked about diversity, looking at other ideas in case oil does tank...didn't do it earlier and look at the whining...so sorry, but in my mind, those arguments don't hold water.
We were left with big debts with high priced oil, some people got very wealthy, the province didn't...time for a change.;
PS...online for a skid steer at Ritchie this am...the one we were looking at went for the same price as I had looked at a dealer...only dealer had more options....so there must be something happening out there....

[Oliver88]

Oil is 7% of Canadian economy, will that be the excuse?.....Liberals don't even like "dirty" oil.

The drama teacher was voted in down east due to "free stuff", mail delivery to your door, running deficits, marijuana, two nannies for PM, etc.

Now they won't keep their max $10 billion deficit promise.

Dollar now at $.7275.

Get out the popcorn and see how the drama teacher and his team in the media spin the economics.

[newguy]

Makes me laugh when people still say he is not ready for the job.We just had the longest and most complex election in the history of Canada.And he blew Harper out of the water.He attracted very good people to run while Harper lost very good people to run.Trudeau has surrounded himself with good people and has talked more to provinces than Harper did in 7 years.What he has done the last 6 months proves he is wiser beyond his years.

[sumdumguy]

Harper did a great job of leaving cupboards bare. Why do you think he snuck the bail-in into the budget. Good Work buffoon. I don't forget.

[15444]

Talking to provinces is something he may come to regret. Maybe not if every province elects a communist party, then it will be just like a family reunion. But even then with Notley and Wynne wanting everything for nothing, Trudeau may be salt and pepper, or even completely white in 4 years.

[agstar77]

Harper had us broke before this, running up deficits.He will go down as the post it note PM, plausible deniability, so you could not catch him in a lie. Never gave direct orders, just general directions.

[blackpowder]

All I know is govt will be increasingly in our faces and pockets at a faster pace. Justin and rachel know better than us peons you realize.

[agchat]

I guess that is why I dont join in on these posts much. I am to stupid. How can Trudeau have us broke, the good times the PC saw the last four five years, they should of had the reserves built up so much you thought it would of taken more than two months to go broke. HMMMMMMMMMM, somebody is lying about something. HMMMMMMMM

[perfecho]

Well, in my hate em all, but give credit where due...
At least we have a PM talking to all provinces...that is Canada is made of...
seems to have 'some respect' on the world stage...something we were going backwards on....and believe in climate change due to people, real or not, the perception is out there...perception seems to become truth...and oil buyers are at least saying "hey, your going in the right direction.."
Generally positive...time will tell....