High gas prices hurting? That’s exactly what Trudeau wants
The Trudeau Liberals must be patting themselves on the back every time they pass a gas station, after all, these unaffordable pump prices are precisely what they want.
Inflation hasn’t been this high since the Pierre Elliott Trudeau government back in the early ’80s. Canadians are struggling to afford groceries and other basics. But that hasn’t stopped the current Trudeau government from divulging its plan for a second carbon tax.
Feigned concern about high pump prices has been dropped in Ottawa. This is deliberate.
Prime Minister Justin Trudeau’s second carbon tax is part of new fuel regulations that require producers to reduce the carbon content of their fuels. When companies can’t meet those requirements, they’ll be charged the second carbon tax, which is then passed to the consumer.
Trudeau knows who will bear the most pain. His government’s own analysis spells it out.
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The Trudeau Liberals must be patting themselves on the back every time they pass a gas station, after all, these unaffordable pump prices are precisely what they want.
Inflation hasn’t been this high since the Pierre Elliott Trudeau government back in the early ’80s. Canadians are struggling to afford groceries and other basics. But that hasn’t stopped the current Trudeau government from divulging its plan for a second carbon tax.
Feigned concern about high pump prices has been dropped in Ottawa. This is deliberate.
Prime Minister Justin Trudeau’s second carbon tax is part of new fuel regulations that require producers to reduce the carbon content of their fuels. When companies can’t meet those requirements, they’ll be charged the second carbon tax, which is then passed to the consumer.
Trudeau knows who will bear the most pain. His government’s own analysis spells it out.
.
“Increases in transportation fuel expenses will disproportionately impact lower and middle-income households, as well as households currently experiencing energy poverty or those likely to experience energy poverty in the future,” reads the government’s analysis.
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Reverse mortgage market has plenty of room to grow, but risks abound
Lenders should be wary of unique risks such as longevity risk and appraisal risk, DBRS Morningstar report finds
In a July 11 report, analysts at the ratings agency noted that the penetration of the Canadian reverse mortgage market is lagging behind other developed economies (most notably the United Kingdom and Australia) with less than 0.5 per cent of more than six million senior households holding a reverse mortgage.
However, a rapidly aging population could bring significant growth to the segment and more risks with it.
Reverse mortgages are loans secured by a borrower’s home that give the owner access to its equity. Unlike a traditional mortgage, there is no defined time period or amortization schedule and no monthly principal or interest payments. The loan does not need to be paid back until the borrower moves out of the home, sells the property or passes away.
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Lenders should be wary of unique risks such as longevity risk and appraisal risk, DBRS Morningstar report finds
In a July 11 report, analysts at the ratings agency noted that the penetration of the Canadian reverse mortgage market is lagging behind other developed economies (most notably the United Kingdom and Australia) with less than 0.5 per cent of more than six million senior households holding a reverse mortgage.
However, a rapidly aging population could bring significant growth to the segment and more risks with it.
Reverse mortgages are loans secured by a borrower’s home that give the owner access to its equity. Unlike a traditional mortgage, there is no defined time period or amortization schedule and no monthly principal or interest payments. The loan does not need to be paid back until the borrower moves out of the home, sells the property or passes away.
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