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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: abuelita who wrote (308481)	3/29/2025 9:34:47 PM
From: whistler3000	Read Replies (2) \| Respond to of 312313

I'm beginning to think it doesn't actually matter which party (apart from the BQ) gets elected as policy will be dictated by economic events. It feels to me like the world economy is slowing at a pretty alarming rate and Canada, with our high tax rates and personal and public debt is especially vulnerable, even before the tariffs. With the tariffs I think we are in for a potentially severe and protracted recession - as, despite the reassuring newsfeeds from Ottawa and Washington I don't think Trump will change the tariffs which will be "25% and permanent." On a local level, lately I am having increasing conversations with families with children who need a major health intervention to avoid a serious (but not life threatening) outcome. The public (free) wait time for this in BC is an unacceptable 3 years if the child is age 3 or older. The wait for the private alternative is only 6 months but that costs $4000. A private charity can subsidize (prorated according to income) the cost of the private assessment if the family income is under $85,000. In the past the number of families who would qualify for the charity in my community was under 10%, but in the last 6 months there's been a definite change and I'd now estimate it at 20-30%. When I determine why they need this help I am usually told that one or both parents have lost their jobs. Some of them are also telling me they are students who arrived under the temporary foreign worker program. This is all anecdotal I know but might nonetheless be relevant.