I immigrated to Canada in 2007 as an adult and it felt great here. Cost of living and housing was manageable and I felt like I could have a great future then it started going to shit almost immediately and when 2020 hit even before COVID it started feeling like absolute shit and it has been getting worse and worse. Benefits cut and things getting more expensive.
Yes, and that’s topical in more than one way, Mark Carney was the governor of the bank of Canada during the '08 crisis. At the time, his response of lowering prime and encouraging spending was viewed as risky, but it is also credited as the reason that Canada fared better than other G7 nations. That policy is also what facilitated the housing bubble we are now reliant on for our fucking economy to function.
Hence why I am adamant that this is not some necessary evil or delay of the inevitable.
I immigrated to Canada in 2007 as an adult and it felt great here. Cost of living and housing was manageable and I felt like I could have a great future then it started going to shit almost immediately and when 2020 hit even before COVID it started feeling like absolute shit and it has been getting worse and worse. Benefits cut and things getting more expensive.
Yes, and that’s topical in more than one way, Mark Carney was the governor of the bank of Canada during the '08 crisis. At the time, his response of lowering prime and encouraging spending was viewed as risky, but it is also credited as the reason that Canada fared better than other G7 nations. That policy is also what facilitated the housing bubble we are now reliant on for our fucking economy to function.
Hence why I am adamant that this is not some necessary evil or delay of the inevitable.