Marc W
620 posts

Marc W
@marctoronto
Entrepreneur. Business geek. Canadian. Buy and hold. ❤️ Ricky Gervais.
Toronto, Ontario Katılım Eylül 2009
1K Takip Edilen252 Takipçiler

BREAKING NEWS
The Parliamentary Budget Officer has confirmed that the federal healthcare program used by rejected and failed asylum claimants is projected to cost over $1.5 BILLION per year.
This is far higher than what the Liberals have led Canadians to believe.
Conservatives forced an investigation at the Health Committee into the Interim Federal Health Program, and now the independent PBO has exposed just how out of control the costs have become.
Rejected asylum claimants are receiving supplemental benefits like physiotherapy, speech therapy, and home care while 6.5 million Canadians can’t find the basic service of a family doctor.
Canadians are rightfully asking why rejected asylum claimants are getting better health benefits than they are.
At committee, doctors testified that under the IFHP, doctors are charging up to five times provincial rates.
This raises serious concerns that the program is being financially exploited with no oversight.
The PBO will testify at the Health Committee today.
More to come.

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Please check out my article on the $SCR.TO $MEG.TO and $CVE saga. Ultimately, I think generalists have an opportunity to exploit the narrow analysis of energy specialists and do so with high margin of safety by rejecting CVE in favour of SCR’s tender.

The Globe and Mail@globeandmail
Why MEG Energy shareholders should vote in favour of Strathcona’s hostile takeover offer theglobeandmail.com/investing/inve…
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@weddingowner @aryal1994 Good to meet you Mitch! See you at a wings/leafs game.
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2) put yourself in the right rooms and your world opens up. I’ve known @aryal1994 for over a year. We’ve only ever spoken on the phone. Accidentally bumped into him during the post dinner bar sesh.
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Back to the fresh coast!
Thank you @moseskagan and @SimranKagan for a great event.
My takeaways from @ReconveneLA:
1) niching down is powerful. The competition is fierce out there. I would not want to compete with the unsaid breakout speaker (multifamily)

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Marc W retweetledi

🇺🇸🇨🇦TORONTO HAS MORE BREAK-INS THAN NEW YORK.... AND VANCOUVER BEATS L.A.
The worst city in North America IS IN CANADA?!
Lethbridge, Alberta, with a staggering 5,521 property crimes per 100,000.
Kelowna, also in western Canada, comes in second.
Only one U.S. city, Pueblo, Colorado, makes the top three.
Canada’s biggest cities are now clocking higher property crime rates than the American metros most people think of first when they hear the word “crime.”
Toronto and Vancouver have officially overtaken New York and Los Angeles in break-ins, thefts, and related offenses.
Vancouver’s rate is more than 4,900 property crimes per 100,000 people.
Toronto trails behind but still edges out L.A.
From 2019 to 2022, property crime surged across Canada while remaining relatively steady or even dropping in parts of the United States.
Canadian cities make up only 10 percent of the urban areas ranked in the study.
But they account for almost 25 percent of the worst hit by property crime.
The divide is sharp.
In eastern Canada, especially in Quebec, crime rates are low. In the west, cities are seeing levels once thought typical of only major U.S. metro areas.
Canada’s crime problem is not just rising. It’s shifting, fast, and it now wears a maple leaf.
Source: Fraser Institute

Gad Saad@GadSaad
We moved to Canada in 1975. Future historians will marvel at how quickly a country can be destroyed from within (because of the faulty parasitized minds of its politicians). The Canada of my youth is bafflingly different from the current Canada, and on nearly every possible metric, it is immeasurably worse. I only wish that Canadians would wake up and fight for their nearly fully lost society.
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Not a development charge or a supply thing:
"It doesn't matter how low interest rates go, if you're worried about losing your job, you're not rushing to buy a home"
@ronmortgageguy
financialpost.com/news/home-sale…
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Marc W retweetledi

In today's episode of Canada's justice system is a joke:
A woman visiting Vancouver was brutally attacked by a man. She bravely fought back against multiple times of him charging at her trying to beat her to death.
British Columbia Court saw fit to release him out.
Oh and when the suspect beat this lady he was already out on bail from a previous assault on a peace officer.
At this point you just have to assume the system is trying to collapse our society.
Like wtf?!

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The day has come! Introducing Don't Be Canada, my book about how the greatest country on earth embraced all of the world's worst ideas at once. Read an excerpt published today in the National Post and find your copy at all good booksellers. nationalpost.com/feature/canada…

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@TrumpDailyPolls @PythiaR New poll suggestion. Do you support being a counrty that signs deals and pulls out of them thereby becoming looked at as dishonourable and a country ppl don't want to do business with? Would you do this yourself?

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@danprimack Exactly 5yr ago...
Absurd and ridiculous to negotiate with someone that won't keep their word. America was built on honor and it used to feel like a handshake was as good as a contract (let apart a full trade deal)
trumpwhitehouse.archives.gov/briefings-stat…

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Southern California is about to be blasted by one of its most powerful Santa Ana windstorm in recorded history.
It may not be #1, but the combination of high population, drought conditions, abundant fuel, and mountain wave strength may create world-record high fire danger.

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Canada's entrepreneurs deserve better than what they are getting from their government.
Canada's federal government's recent announcement of a GST/HST holiday is a poorly timed and hastily designed policy that threatens to impose significant strain, complexity, and costs on the very businesses our country relies on.
Small businesses are the load-bearing pillars of our economy, employing 70-80% of Canadians and contributing over 30% to our GDP. Yet, despite the rhetoric celebrating their vital role, government support often falls short, with burdensome regulations complicating everyday operations. This recent announcement is a perfect example of this.
The two-month tax holiday, starting December 14, comes at a time when Canadian small businesses are already navigating serious challenges. With ongoing Canada Post disruptions and escalating operational costs, many entrepreneurs are struggling to keep their heads above water.
We had hoped the government would utilize the lead-up to the holiday season to support small businesses; instead, it has opted for a populist measure that is likely to burden many of them. They must now divert precious time and resources from serving customers and managing holiday operations to implementing complex tax changes – changes that frequently make no sense at all (Lego sets could be taxed or not taxed depending on the age of the buyer).
Shopify will ensure our merchants are prepared for this change. We're already adjusting tax rates for affected products and leveraging AI to accurately categorize items. We're fortunate to have the resources to quickly adapt our platform but most small businesses do not. They will struggle to navigate these complex changes.
If the government's goal is genuinely to promote affordability, why not extend this measure beyond two months and implement long-lasting change? This tax holiday is more like a short-term gimmick than a thoughtful policy and will likely do more harm than good.
Instead of these last-minute decisions, the focus should be on reducing the complexity of our tax regulations, deductions, and credits. Canadian entrepreneurs deserve better than reactive policies—they need long-term solutions that recognize their vital contribution to our economy.
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@MicroCapClub @iancassel Good article. Captures the mental roller coaster well!
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“99% of the time in investing you need to be a stoic investor. The other 1% you need to be a savage.”
microcapclub.com/the-art-of-cat…
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