turnip

If we write off the US what does that do to our standard of living?

Assuming pipelines are obviously orders of magnitude more efficient than shipping by tanker. It also then still requires a pipeline to the east coast as a first step, which we cant get built due to Quebec, who ironically import all their energy from the US. All these costs and we then have to compete with countries on that continent who can build pipelines to Europe.

Given our small population we are the 4th largest exporter of oil and our loonie essentially tracks oil prices, hence it makes up such a large component of our standard of living. This idea we can pivot seems silly at first glance, but I'd like a differing opinions if one exists.

My opinion is anyone but the Liberals, in order to create real world consequences for doing population driven QE. It should be a warning to all that it is a way to lose elections, since it dramatically hurts the poor and causes shortages without creating real prosperity.

We essentially inverted the phillips curve, which BoC publications say the labor shortage is a natural phenomenon after QE in order to restore the created wealth inequality from asset price inflation, so we shouldnt be trying to fill the temporal labor shortage before the Bank of Canada raises rates to cool the job market and asset prices.

You're right, and that whole argument is sidestepping the fact what they really want is a separation between men and women so that they can attempt to force a safe space for women that appeals to their sensibilities of women being born weaker than men with lower bone density and testosterone while not allowing glaring loopholes. Which is how they really view women as an infantile subset of our species that needs protection from a minority of opportunists that would take advantage of them.

They created like 40% more money supply in the span of a single year. It then rises at about 10% a year on average, due to a CPI that does adjustments at the whims of some entity whose goal seems to be to understate inflation.

But I want to know how Bitcoin could be doing so well, it makes no sense, what demand is there for a finite commodity to store their value?

Central banks dont recognize it themselves given the huge amount of money being ploughed into housing, to attain the rampant speculation their low interest policies created. There was an article I saw today that there isnt even a housing shortage, just dimwitted people bidding up home values much like the US prior to 2008.

https://betterdwelling.com/canadian-real-estate-shortage-overstated-condos-wont-fix-costs-bmo/

Housing obviously acts as a liquidity sponge for debt to increase the wealth effect, but surely there is a reckoning like the US had at the end of all of this.

Mark Miller was the one who said it. He said immigration helped us avoid a recession, which means GDP would have shrunk without them.

Sorry, median I meant. Obviously averages are a poor measurement for salaries.

Which Canadians cannot afford. Because we are poorer than the poorest US state, and our productivity investment is at alarm levels according to our own BoC.

This is the tradgedy of the commons right here, we had a lost decade of per capita GDP growth, lowest in the OECD; but the average person wants to continue running up debt to "help" all those people who are now suffering. Most of our problems seem to be own goals, from housing to stagnant wages, as we pushed mass immigration to artificially boost GDP to hide our poor economic record, and we wonder why we now have doctor shortages.

For those that are stuck with these lunatics that want 4 more years of this, just invest in XAW.TO to stay afloat. Its low fee and globally diverse minus Canada. Though if they become a green energy superpower, by shipping their intermittent wind and solar power to the US, you'll miss out on all those gains /s.

Median I meant. Its also significantly cheaper for housing in mississippi. Taxes are definitely cheaper there, where given your dollars value more of your taxes fall under a lower tax bracket, and if I'm not mistaken Mississippi just cut their income tax entirely.

Again this is the worst US state we are comparing to, I'm not trying to pump them up as something amazing.