No, I was never a teacher. It doesn't take pickiness to get a laugh out of a hosing. I'm not immune to typos ether. (pun Nintendoed!)

Housing correction is not what we should seek, we should seek a housing price that is stable and let inflation eat away at its value instead.

Jon: As for hosing correction, I think the incoming conservative government may accidentally trigger that by reducing immigration.
(I do believe our country cannot handle the current level of immigrant, I also believe our country are having too many immigrants from certain nations all at once to the point that we cannot integrate them.)

However, I also know that housing price collapse is going to trigger a very serious negative wealth effect which significantly drag down consumption as a result. There is a real chance Canada going to fall into a lost decade as a result of this real estate correction.

Among the economic year-end commentaries on the news today was a man (can't find him right now) saying that the inflation rate drop following our bank-rate increases was singularly slower that almost all previous ones. He said it was a good sign that we would manage a "soft landing" from the current mild slowdown.

Anyone else see this and remember where? It would have been on CBC, CTV or Global, probably on national news last night or any time in the 24-hour cycle to today.

ALSO: I have no problem with correcting our hosing. Or, for that matter, a strong correction of the insanely inflated housing prices we are suffering under.

(Sorry, not being mean, it made me laugh and I just had to share it...)

Itellyouwutt said

Response: forums are organic and often do not fall into cookie cutters. Save your outrage for something meaningful, "or just cease altogether"  

I would agree if there was some kind of "trail" leading to these recent postings. We have topic headlines for a reason. These recent comments have no relevance to the topic. I'm not saying we should stifle conversation. Just create a "topic" for it to fall under, loosely or otherwise.

Also, FYI: This isn't anywhere close to "outrage." I save that for really important issues.

gicjunkie said
Question: What do posts 11-13 have anything to do with Luminus?
The quick answer is "nothing!" Move this dialogue somewhere else, or just cease altogether.  

Response: forums are organic and often do not fall into cookie cutters. Save your outrage for something meaningful, "or just cease altogether"

We absolutely need immigration -- and lots of it. It doesn't matter if someone likes this or doesn't. It is not a preference.

What has to change is the focus on infrastructure; not on immigration. Trying to solve this problem by stemming immigration is categorically wrong. It will not and cannot work. We are not the U.S. We do not have enough people.

Jon said
(I do believe our country cannot handle the current level of immigrant, I also believe our country are having too many immigrants from certain nations all at once to the point that we cannot integrate them.)
  

These statements are not OK in any forum, they demonstrate that we have not learned form Canadian history.

This kind of thinking is what led Canada to impose a Head Tax on immigrants form Canada from China for 1885 and 1923. 800,000 individuals paid the tax.
The Canadian government has formally apologized for the head tax:
https://www.cbc.ca/news/canada.....e-1.592363

The head tax was a financial disincentive since some Canadian believed the notion there are too many immigrants from one country, China.

Think very deeply about where these sentiments come from, and why they are deeply flawed.

canadian.100 said

Website does indicate is eligible for RSP and TFSA.
and yes Luminus has lots of service charges.  

The 5.55% 5-year GIC is also available in TFSA and RRSP for Ontario residents. Out-of-province folks can invest in their unregistered GIC but not TFSA and RRSP!

https://www.luminusfinancial.c.....gAccounts/

althisa said
It is not clear on the website if 5.55% for 5 yr GIC is eligible for RRSP and TFSA accounts

The savings and chequing accounts seem to have more transactions where a fee is paid compared to some other FIs

If you are not doing a lot of transactions maybe an option worthwhile considering  

Website does indicate is eligible for RSP and TFSA.
and yes Luminus has lots of service charges.

The savings and chequing accounts seem to have more transactions where a fee is paid compared to some other FIs

If you are not doing a lot of transactions maybe an option worthwhile considering

https://www.luminusfinancial.c...../Personal/