Ben Rabidoux
@BenRabidiouxCanadian housing/macro/credit...occasionally tweets about fishing. Founder of North Cove Advisors and @EdgeREAnalytics. DMs open. Equal opportunity blocker.
Processing backlog is now 260,000…4x what it was in 2019. Takes years to process a claim—> The meltdown in Canada’s refugee system theglobeandmail.com/opinion/editor…
Stephen Harper on what happened to Canada Former prime minister warns: 'We cannot start importing age-old hatreds onto our streets' nationalpost.com/opinion/avi-be…
International students rolling up to customs in 2023 flashing their fancy acceptance letterz
Me thinking I understand just how badly the Liberals fked up the immigration file and then learning more crazy shit every day
They only started verifying acceptance letters last YEAR 🤦♂️. @MarcMillerVM @SeanFraserMP need to be turfed over this --> More than 10,000 foreign student acceptance letters may be fake, says top immigration official theglobeandmail.com/politics/artic…
“It’s unconscionable that the Liberals allowed unscrupulous actors to exploit and abuse international students for so long,” she said in an e-mailed statement.
This wasn't the case before? WTF @CMHC_ca ?
Breaking: CMHC requirement to have appraisals for ALL properties, effective today.
Rates holding firm in spite of bond market volatility post-US election. @WOWA_Canada a great follow and good site for rate watchers
Lowest Mortgage Rates: Nov 13, 2024 (Changes from Nov 6) Mortgage rates: wowa.ca/mortgage-rates Almost no change over the past two weeks! 3-yr fixed Insured: 4.09% Uninsurable: 4.24% 5-yr fixed Insured: 4.09% Uninsurable: 4.29% 5-yr variable Insured: 4.75% Uninsurable:…
Also a timely reminder that Canada miiiiiight not have vetted all these temp residents all that well. All the more reason for a moratorium while we figure out how to do this better
Studying in 🇨🇦 opens limitless possibilities for those willing to put in some work. Arshdeep Singh Gill, aka Arsh Dalla, arrived on a study visa back in 2018. Look at him now!
A short thread on why Canada's asylum system is being rampantly abused and why @MarcMillerVM needs to get on top of it. Note that total asylum claims have jumped so far this year 1/
This is becoming a game of "whack-a-mole", and feds need to get in front of this, especially if US claims surge from Trump deportations, as widely rumored 4/
Is it time for a temporary moratorium on all asylum claims from within Canada /at airports until a process can be put in place to ensure that claims are actually legitimate? Open to other ideas but this needs to be addressed end/ @MarcMillerVM @PierrePoilievre @adamchamb
The old "fine less than commission" trick....a Canadian regulator staple
Whoever thought to drop Trudeau's head onto this chart is the real hero. That was brilliant.
🇨🇦 GDP comes in softer than expected in Q1. Per capita down 0.7% q/q and diverging even further from US trend
Hearing some juicy rumors that Frank “the bank” @FrankMargani is set to testify against his old bosses at the @FortressRDI fraud trial tomorrow. 👀
That’s my chart. Glad I can contribute to the discussion.
What an epic policy mistake listening to self-serving business interests
Since we're playing blame games today, here's a clip from June 24, 2021 where 3 leaders of @CI2100 argue that Feds should expand economic-class PR pathways to low-skill workers to make it easier for employers to recruit temporary foreign workers without needing to raise wages.
At least without consideration for limitations around expanding housing supply to meet surging population growth.
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