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Garth Turner

Nova Scotia, Toronto
Featured in: Favicon greaterfool.ca

Articles

  • 1 week ago | niagaranow.com | Garth Turner

    She’s a single mom with a cute little kid and a cute little store on Queen Street. “Do you know of any place to live, that I can rent, around here?” she asked one morning. And I did not. “I’m really desperate. There is, like, nothing.”Absolutely right. If you want a place to stay for a night, or a weekend or a week, there are 400 choices. Plus hotels. Lots of them — with three more on the way. But if you wish to live here for months and months, full-time, it’s another story.

  • 1 week ago | greaterfool.ca | Garth Turner

    The average wrinklie in Canada has a retirement income of about $34,000. The average for a couple (and their cat) is $74,200. This includes everything. The public pension. Old people’s pogey (OAS). Income from RRIFs and any benefits from a past job. It ain’t much, especially if you live in a city, or have an expensive property to carry. And Dog forbid if you spawned a needy kid or two expecting you to cough up a house downpayment.

  • 1 week ago | greaterfool.ca | Garth Turner

    He came to Canada from the States as a toddler. Met his throb while working in tech on the US west coast, then returned to Canada to make a life. They’re both duallies, but when it comes to family finances the Yankee-cowboy side prevails. Of the three million they’ve saved and gained in stock options, 90% is in equities, eighty per cent in US$ and most of it sits in American accounts, including some 401k and Roth IRA stuff. We talked.

  • 1 week ago | greaterfool.ca | Garth Turner

    After six months, Parliament resumes today. Expect big, fast change says the guy in charge. The latest Nuk Nanos poll shows a wee burst of optimism in the wake of the federal vote. “In the period following the election of the Carney federal government, consumer confidence has been improving,” he reports. “Views on the future strength of the Canadian economy remain net negative but positive views have doubled in the past four weeks.

  • 1 week ago | greaterfool.ca | Garth Turner

    So the King arrives tomorrow. Before lunch on Tuesday he’ll read the Speech from the Throne, opening the new session of Parliament. Crowns, horses, pomp and ceremony will abound. If there’s any doubt remaining we’re not the 51st state-in-waiting, Chuck and Camilla will douse it. That’s the point, after all. Carney engineered it. It’s been a long time since a monarch sat in the House of Commons and delivered the government’s agenda. The Queen did it in 1977 for T1.

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