RetirEd said
What we see stopping cars in the street is NOT the majority of the homeless. The traffic-stoppers are often organized and profitable.

Absolutely right. Reality trumps delusions.

Dean said

But apparently to Some here, this is all just Fantasy ... Sad

Clueless and not in touch with reality. Sad that some are so self-deluded.

BillieBob said

Unfortunately, so many people often look for someone to blame for just about everything, frequently targeting vulnerable groups like those experiencing homelessness. Modern homelessness stems largely from systemic factors such as the mass closure of psychiatric facilities that started in Canada in the 1960s and 1970s. Studies have estimated that roughly 25% to 50% of Canada’s homeless population experience mental illness.  

To list a few other homelessness causes & situations . . .

- Drug addiction (a Big one).
- Growing up in a Dysfunctional, Toxic home.
- Job loss.
- PTSD.
- Chronic Domestic & Family Violence.
- Poverty.
- Alcoholism (another Big one).
- Personal crises (financial, or otherwise).
- And the list goes on . . .

But apparently to Some here, this is all just Fantasy ... Sad

Dean

AltaRed said

… It is ludicrous that 80% of our payment processes with ex-Canada entities is currently routed through the USA (but those who do wire transfers already know that).

That's expected for US$ payments.

Even US$ items between Canadian financial instituions over the Payments Canada USBE system are settled between the institutions using accounts at correspondent US banks in New York. When one pulls US$ funds in an EQ Bank US Dollar Account from one's Canada-based RBC U.S. Personal Account, the US$ item is eventually settled in the US.

That's because Bank of Canada only provides settlement accounts in Canadian dollars.

Darn good ...

Most of us are only interested in rapid inter-Canada transfers but there is a bigger picture. It is an overdue idea with more urgency given how big bad America is strong arming everyone to toe the America line, e.g. deciding on who, or who is not, sanctionable for their own reasons and cutting them out of ability to pay if they don't bend over. It is ludicrous that 80% of our payment processes with ex-Canada entities is currently routed through the USA (but those who do wire transfers already know that).

Steady, if slow, progress on this file. Should we be surprised the fintechs are out ahead of the major banks? Better any launch hiccups affect a few thousand rather than millions of Canadians. Wealthsimple probably will try to claim an exclusive.

AltaRed said

". . . to modernize the deposit insurance framework by increasing the deposit insurance limit to $250,000 . . . "

Any word yet on 'When?' . . .

Right after the budget is approved? / Sometime next year? / etc.?

Dean

davidgeorge said
https://www.reddit.com/r/Scams.....scams/  

That's quite an extensive list, thanks for link.

Some of these scams were tried on me. Glad to say, each failed.
The most convincing was LinkedIn posting of a job position with major Canadian electronics retailer. They even managed to fake retailer logo and description on their account with LinkedIn.

One common scam I can't find in this link: pretending to be relative or family member. I've got a call recently from someone claiming they are my nephew. Except, they weren't.

Briguy said
Another change in budget 2026, Ottawa is making good on its pledge to end investment-account transfer fees. That means the big banks can no longer charge you a penalty (usually $150 per account!) when you move an RRSP, a TFSA, an RESP, or a non-registered account to a competing financial institution. The ban was promised in last year’s budget and stands to benefit consumers as well as fintechs

https://www.cbc.ca/news/busine.....nlf2d0  

Thats’s a subsidy to new rapidly growing entrants like Wealthsimple who end up paying this fee. The administrative cost is real so not entirely sure a small charge should be legislated out.

https://www.cbc.ca/news/busine.....xl9rnlf2d0

On the other hand, most of the homeless aren't even up to begging. They just sit around in homeless camps or back alleys or shelters, trying to make do on welfare or charity or food banks. They may ask a person or two now or then, but they aren't organized enough to run a business.

And then there are those selling their prescribed (drug) benefits.

I don't go looking for reasons to justify not giving handouts. If someone is begging for handouts for themselves or "a good cause", saying "no" is a valid answer. I don't buy other people's losses. Also why I don't like it when the public donates to people who've been robbed or scammed. The perpetrators should be the ones paying back. Otherwise people are just financing the criminal industries.

If one is on GIS or other income-based benefit programs, it's silly to demonstrate they're not needed.