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Email this3:07 pm
September 11, 2013
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Right, my impression is we're a long way from general hardship (unlike some other poorer countries where recent inflation has wreaked general havoc), and as Loonie indicated you have to look in certain places in order to find hardship.
4:28 pm
October 21, 2013
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So, now there are two of you not looking in the right places. And probably more.
8:16 pm
October 29, 2017
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Try food banks to start!
5:45 am
September 11, 2013
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It's true that food bank use growth is strong, exactly what would be expected for a business model where food is given away for free with little or no vetting. On the other side note another random example: there is a new successful business model in the last few years, i.e. businesses making money by delivering prepared food to people's doors - an incredible marker of general prosperity, never before seen in human history.
The gov't stats back my observation of general and widespread prosperity, the lowering of poverty rates over the last number of years is (CBC, etc notwithstanding) a cause for celebration - here's just one reference:
https://www12.statcan.gc.ca/census-recensement/2021/as-sa/98-200-X/2021009/98-200-X2021009-eng.cfm
5:50 am
March 30, 2017
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Vatox said
Try food banks to start!
well the 2 extremes of the spectrum are always the same regardless of interest rate level or economy cycle: Rich and ultra riches alway do well, those at or near poverty line always do poorly.
A better indication will be the middle class, and those are most likely suffering from higher inflation and higher rent / mortgage payment past 12 months.
As for food bank, definitely a free hand out with no vetting and a really bad model if u ask me. All one (thos that should not qualify) needs is a thick skin with no integrity...
11:36 am
April 14, 2021
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Bill said
It's true that food bank use growth is strong, exactly what would be expected for a business model where food is given away for free with little or no vetting.
And absolutely no interest in actually getting users OFF that gravy train. Instead, they just want to continue enabling users to make bad decisions, thus keeping them helpless and in need of the food bank. (Which, in turn, keeps the existence of the food bank a 'necessity'.)
Bill said
On the other side note another random example: there is a new successful business model in the last few years, i.e. businesses making money by delivering prepared food to people's doors - an incredible marker of general prosperity, never before seen in human history.
Amazing how a segment of society simply cannot fathom that food prepared and then delivered to your door is going to have those costs added to the bottom line.
Had one fellow approach me in a parking lot asking for food. So, I tossed him a nectarine. He tossed it back and said that he doesn't eat that. Imagine that. The food is good enough for me to eat, but he needs something from McDonalds. What a bum. Looks like beggars CAN be choosers. 
1:36 am
November 18, 2017
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Fur cryin' out loud, let's not let this turn into a poor-bashing session.
RetirEd
RetirEd
12:40 pm
March 18, 2021
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canadian.100 said
I think most of us knew that the Bank of Canada appears to have less than stellar management - we know that the BoC delayed far too long in raising rates to cool inflation and we will pay the price for a while. Disappointing to hear that this is the first time in history the BoC will report annual losses.
Interest rates in Canada were always about 10 percent higher than interest rates in America for like 200 years straight to protect the value of the Canadian dollar. All that changed when Stephen Poloz got the job. He should take all the blame. Canadian rates always need to be higher than U.S. interest rates to to prevent a run on the Canadian dollar.
5:20 pm
December 12, 2009
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Bill said
It's true that food bank use growth is strong, exactly what would be expected for a business model where food is given away for free with little or no vetting. On the other side note another random example: there is a new successful business model in the last few years, i.e. businesses making money by delivering prepared food to people's doors - an incredible marker of general prosperity, never before seen in human history.The gov't stats back my observation of general and widespread prosperity, the lowering of poverty rates over the last number of years is (CBC, etc notwithstanding) a cause for celebration - here's just one reference:
https://www12.statcan.gc.ca/census-recensement/2021/as-sa/98-200-X/2021009/98-200-X2021009-eng.cfm
They do do vetting, though, Bill! You typically need to fill out almost as much paperwork as if applying for a loan, unless it's an emergency food bank!
Cheers,
Doug
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