/biz/ - Business & Finance

[Anonymous No.18504027]

How does Canada have so much money?

[Anonymous No.18504079]

its called savings, fucking nigger

[Anonymous No.18504082]

We stole it from indian people :`(

[Anonymous No.18504185]

>>18504027
>How does Canada have so much money?
It's the best North American country. Lots of foreign investment in real estate combined with the smartest, best looking Prime Minister in the world.

[Anonymous No.18504204]

>>18504027
Debt
Oil

[Anonymous No.18504208]

>>18504027
sergay betrayed us all, we were supposed to be all in this together

[Anonymous No.18504211]

>>18504027
we get taxed every time we eat a poutine

[Anonymous No.18504225]

>>18504027
chinese investments

[Anonymous No.18504253]

Trudeau looks weird with a beard

[Anonymous No.18504379]

>>18504027
It doesn’t.

[Anonymous No.18504408]

>>18504204
This and the most compliant tax donkeys under heaven

[Anonymous No.18504445]

>>18504185
Based

[Anonymous No.18504490]

>>18504253
He should shave his face. World leaders should not look like mountain men. But at least he's got a sharp suit. Our president looks like a guy who bought a poorly-fitting ready-to-wear suit from Macy's and dressed himself in the dark.

[Anonymous No.18504624]

>>18504490
They’re not cheap suits. Probably Italian. They look like shit because he’s trying to hide his weight.

[Anonymous No.18504794]

Enough trees to chop down to turn into paper money. Brr Brr

[Anonymous No.18506115]

>>18504794
Except we use plastic money naow. Current year bucko

[Anonymous No.18507453]

>>18504027
We don't. Our annual budget is about CAD$ 400B. We just spent an extra 200 int eh first 6 weeks of this crisis just for mortgage relief and our shittier overly complex version of Trumpbux. The economy is now crashing at a rate approaching 20% annualized per month and Trudeau won't entertain reopening the economy until at least June.

More debt incoming as the shutdown will require ever more gibs to keep people from chimping out or going outside. One province has already essentially asked for a bailout, Vancouver is close to defaulting with like 60% of homeowners applying for mortgage relief. The average household has $2.30 for every $ of revenue.

By year's end, we will probably have increased the debt b something approaching 400 billion, been downgraded at least once and likely, our housing market is going to crash. That's after our oil market getting fucking battered by that oil price war after having been hamstrung for 5 years by the present government.

Canada will be significantly poorer by next year and we have only ourselves to blame for taking on so much debt, for electing economically illiterate demagogues to office and for not actually ever moving beyond an economy driven my oil and housing (migration).

We deserve this.

[Anonymous No.18507508]

Adding to the previous post, I'm quite content with this. We've jerked ourselves off about our lame ass culture, our lame ass fake-niceness and our lame ass white liberal progressiveness. Canadians are a hubristic bunch, eminently disconnected from reality and I hope this will teach them some humility. I've put all my assets in USD and I'm only investing outside of my country.

[Anonymous No.18507675]

>>18504027
They borrow it against expected rising real estate values, to be accomplished through immigration and Chinese investment

[Anonymous No.18508062]

1/10th the population yet 1 CAD is 7/10th a dollar.

[Anonymous No.18508145]

>>18508062
this is officially the dumbest post I've read on this board today
I hope for your sake this is bait

[Anonymous No.18508178]

>>18504027
All that toilet paper is made here bruh

[Anonymous No.18508474]

>>18504027
because they aren't crab in a bucket fucking loser NEET chainlink holders you stupid fucking faggot bitch nigger.

[Anonymous No.18508544]

Natural resources and few nignogs.

[Anonymous No.18508584]

>>18504027
Having money doesn't matter when its value is rapidly approaching zero

[Anonymous No.18509073]

>>18504185
based and Trudeaupilled