Tourism Industry Association of Ontario Advocacy at Brief March 3

Today, the price-to-earnings ratio (PE Ratio) of global equities sits at about 14.6, which is neither overly cheap nor expensive. However, Europe, Asia, and the TSX are 2-4 points below this average, while the US market is 3 points above average. Much like whatever the startup du jour is, AI has been a decades-in-the-making overnight success. Critical researchers in the area of artificial intelligence have been working on this since the 1950s, mostly in the dark, during what insiders have coined the “AI winter.” This was a period where general interest had ebbed and flowed around breakthroughs and breakdowns. It’s tough to get funding when you can’t get people excited. Over the past month, concerns that growth is too hot for the Fed already caused some pre-emptive tightening of financial conditions.

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But even if you look at regional valuations compared to their multi-decade histories, it paints a similar picture. The US S&P 500 is in the 87th percentile valuation over the past twenty years. 100th percentile would be the most expensive during the analysis period.

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They’ve asked other governments to deliver the goods, but they themselves have not delivered the goods. I heard of one family where there were three or four or five kids in the household, and it was clear—the teacher relayed this to me. It was clear that the family was needing to make a decision as to which children got to bring lunch to school. The oldest boy in the family was going to school without a lunch so that his younger brothers and sisters could go to school with a lunch. Those are the kinds of decisions that families are being forced to make as a result of the affordability crisis that we’re in.

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These are huge—these should be issues that motivate the government to follow through on clear timelines and clear funding commitments, and I just want to say that the enhanced quality of life should not be underestimated. Mr. Speaker, we are making life more affordable for Ontarians at a time when we know life is more unaffordable. But at the same time as we’re dealing with this existential threat as a result of climate change, we are, as a society, as a community, going through what is, I think, widely understood to be a comprehensive affordability crisis.

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I don’t expect that these markets that we’re looking at right now is going to turn into a pumpkin on New Year’s Eve. Over three days of discussions, cabinet is expected to take part in sessions focused on housing and the challenges faced by young people —particularly those 20- and 30-somethings worried about both the cost of housing and the future of a changing economy and climate. During the session on housing, ministers will hear from two of the authors of a recent report on how the federal government can boost the availability of rental properties. It’s not just people who are on social assistance who are using the food banks. In fact, they’re seeing an increase in the number of people who are working full-time.

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They’re the highest—one of the growing number of food bank users in KW, up 222% from this time last year. Those students deserve to have a quality of life, when they come to Ontario—isn’t that what we want? We want them to be successful if they’re coming to Ontario. Meanwhile, they’re trying to get to school and they’re being left on the platform.

• When people say, “We’re not going to restaurants anymore.
• As is Japan, given a large portion of sales for the Nikkei are export-related.
• ‘What Abacus Does’ is a companion piece to some of the public facing opinion research we post.
• In July 2023, the Bank of Canada raised the benchmark interest rate to 5%, its highest rate since 2001.
• It records steps you take and sets goals to encourage healthy life styles.
• Capelin is still depleted at just 9 per cent of its historical biomass and must be rebuilt for the ocean, marine life and coastal community health.

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Most striking, however, is the strong sense of growth in Canada’s three largest urban centres. Majorities in every province including Alberta say the economy is growing. Positive evaluations about the economy are highest in Ontario and Quebec (72%) followed by BC (69%). Generationally, Boomers and those in the Silent generation are most positive, but a majority in every generation feels the Canadian economy is growing.

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I want to thank my friend Mr. Jordan for his work in that regard. The disaster relief assistance program wasn’t activated in Ottawa. It was, for some reason, activated in Uxbridge for the same storm, but it wasn’t activated anywhere in the city of Ottawa. What we do know for sure is that climate change is real. Climate change is an existential threat to our society.

Kitchener

When it comes to timelines for people feeling comfortable enough to travel again, it might be sooner than you expect, with more than 32 per cent feeling confident in the next two months. The good news is that when it is safe to travel again, your customers are looking forward to coming. Even better is that they’ll be exploring local, feeling most comfortable travelling within 100 kilometres of their homes.

The streetlamps that gave Paris its nickname, the City of Light, glimmered brightly as the sun sank lower. When Pauline finally took a deep breath, she drew in aromas of baking, the bistro on the corner preparing its evening menu. Thank you for taking the time to read this update and please feel free to email me with any questions or comments.

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• “The latest fiscal update is clear—British Columbia has a serious illegal tobacco problem, and it is time to take decisive action,” said Eric Gagnon, Vice-President of External Affairs at Imperial Tobacco Canada (ITCAN).
• So they’ve become incredibly reliant on the GO train and then the GO bus to get into KW to go to school—some of them, also, to get jobs—and it’s so overcrowded that they were literally being left on the platform.
• What we actually need to do, what a government that actually cared about these kids would do, is fund special education based on the cost of special education rather than constantly underfunding and forcing these kids to go without.
• For one thing, the story about immigration, and population growth generally, being good for the economy, is all about GDP growth.
• I can tell you, as a woman who does commute on the Kitchener line, there have been times when I’ve arrived very late and that station has been closed and it is dark.
• And then, this is later in 2018, when then-MPP Fee took to Twitter and said, “We are going to get this done.
• And yet somehow, all this Premier can bring himself to do is to gift investment opportunities to Galen Weston instead of siding with desperate Ontarians, which he could do today.
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Instead of lining up politely parallel to the sidewalk, for example, the bottom veers off from the street at an acute angle. This pulse of visual electricity opens up a small, hard-surfaced public place, a kind of hospitable cove, in front of the building. One could envision tables and chairs abacus market onion link and conversations on this terrace. RESCON is the province’s leading association of residential builders committed to providing leadership and fostering innovation in the industry. Immediate action is needed to speed up the approvals process and create conditions conducive to building homes.

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Two-way, all-day GO service for Kitchener fell lower and lower on the Liberals’ priority list. With the carbon tax set to increase rapidly by 2030, this will mean substantial increases in the cost of heat, gas and grocery bills for hard-working individuals and families. The Grain Farmers of Ontario have said by the time the carbon tax triples in 2030, it’s going to cost farmers 2.7 billion extra dollars.

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We are not going to stop fighting for two-way, all-day GO service to Kitchener. Transit connectivity enhances productivity by providing efficient, reliable transportation options. Transit connectivity is a critical component of a sustainable and thriving economy. And then, this is later in 2018, when then-MPP Fee took to Twitter and said, “We are going to get this done. I remember when this government first got elected, they were really fond of saying, “Promise made, promise kept.” It was built on a house of cards, because so many promises have not come to fruition, so many promises have not been honoured in this Legislature. In this article, I actually say, “I think if anyone really wants to see all-day, two-way GO service finally come to Kitchener-Waterloo, they should keep Mr. Ford as far away from government as possible.” That is my quote, and I still stand by it, I will say.

And like a houseguest — one who can be blamed for every grievance about the economy, or the real estate market, or the price of gas — a political leader’s odds of overstaying their welcome grow with each passing day. The Liberal Party’s electoral coalition of young, urban and suburban middle-class voters, new Canadians plus well-educated Boomers remains intact. Opinion is split when it comes to housing affordability, with 44% saying the government is doing a good or acceptable job, and 46% saying poor.

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• They don’t want to do that over there because when they talk to each other, they divide.
• Whether it’s an hour a day, an hour a week, or an hour a month, if you’re looking to make a difference in Peterborough, look to
• It’s just not a good deal for the people that we’re elected to serve.
• It’s the perfect balance of small town living with big city amenities just close enough for comfort.
• I’m looking forward to it for many reasons—including hearing more input from people’s favourites.
• Last year, I joined the President of the Treasury Board, who was then the Minister of Transportation, to see the first piece of LRT track installed in Mississauga.

But then they plunged with the SNC-Lavallin affair in 2019. A year later, the numbers flipped back in the other direction when Canadians rallied around the federal government’s response to the pandemic. Whatever Ken McDonald, the Liberal MP for Avalon, said or meant to say about Justin Trudeau’s leadership, the most cutting assessment of the prime minister published this week might have come from Jeanette Dyke, a patron of Tiny’s Bar and Grill in Paradise, N.L. Even as we navigate the pandemic, a new poll shows that most Canadians remain concerned about climate change – and they want clean electricity to be part of the solution. Across the country, 43% say they would vote Liberal if a federal election were held today, 12 points ahead of the Conservatives (31%), and 27 points ahead of the NDP (16%). • On housing affordability, the most disappointed voters are NDP voters and BC residents.

The challenge for hard-working Canadians to make ends meet grows with every new announcement. In July 2023, the Bank of Canada raised the benchmark interest rate to 5%, its highest rate since 2001. Prices are rising fast and people across the province and across this country are finding it difficult to make ends meet and afford the basic services and essentials. Unlike almost every other country on Earth, there’s been very little public or political resistance to this reality.

They can increase the minimum wage for people living in Ontario and help them to afford rent and groceries and other things. Apparently he is literally incapable of seeing the mess created by his government’s policies. And when he can’t avoid it, then somehow it’s the federal government’s fault; it’s the fault of the previous government. Madam Speaker, people who want to go back to work need a place for their children, and actually paying our ECE workers a fair wage, getting those spots staffed would help people get back to work. Just today, we were visited—many of us—by the librarians of Ontario.

Of course, there was no plan, no strategy to actually make that happen, and so my community feels burned, actually. Trust has been compromised, which is why the official opposition has brought forward this motion here today for your consideration. One of the students at the time—and I’m going to talk about the students because their voices are often left out of this debate. This is a student from the Ontario College of Art at the time, Christina, and she says that she hedges her transit options and takes a mix of GO trains, GO buses and Greyhound buses to downtown. Boy, you can do a lot of casework on a Greyhound bus in the morning, I can tell you. She said that the addition of an express train, which stops at fewer stations, should be the government’s number one priority.

A long-term student of the markets, Craig’s thoughts and insights can be seen in his Market Ethos publications and through his regular contributions on BNN. We’re also seeing some overall improvement across our fundamental metrics. Though EPS revisions moved negative, the tail end of earnings season continued to impress, with EPS growth going positive in both Canada and the US.

But the bedrock of democratic societies can be eroded far more quickly than we think possible, as millions of Americans have learned over the last few years. In a Substack post of his own, Abacus Data CEO David Coletto seemed to agree. We work every day to protect marine life and important habitat – but that work wouldn’t be possible without you. Sign up today to get weekly updates and action alerts from Oceana. Capelin has failed to adequately recover over the last 32 years. As a participating member of DFO’s 2J3KL Capelin Advisory Committee, Oceana Canada recommends pausing the fishery until management measures are in place to support its recovery for the long-term health of the ocean ecosystem.

One Liberal MP told CBC News that if the party loses the Montreal riding — traditionally a safe Liberal seat — it will be “another huge blow” that will prompt more questions about Trudeau’s leadership. One Liberal MP said they want cabinet to match how Harris and her vice-presidential candidate Tim Walz are targeting Republican Donald Trump and his running mate J.D. They said Harris is effectively presenting the Democrats as a party of hope and the future, and casting the Republicans as problematic. Currently Credit Card is the only form of payment supported for pre-orders.

There are now 16,000 homes being used for short-term rentals in the city of Toronto alone. The government could have introduced regulations for short-term rentals. They could have brought in a multiple-home-speculator tax to help drive speculation out of the marketplace. They could have had a province-wide vacant homes tax, so that first-time homebuyers, young families trying to own their first home, could be on a level playing field instead of bidding against deep-pocketed, oftentimes financialized investment vehicles. Then, of course, there’s education, where spending is down under this government by 11%.

In fact, we’re seeing lots of sales there because that’s one segment of the market that actually has listings that are for sale. Whereas the detached side of things, the prices just continue to accelerate because there are so few listings. What’s happened with higher sales and lower supply everywhere, particularly there were there was a lot more excess supply to be pulled off the market and that’s what happened. I think in Alberta, over the last year, supply overall is down something like 20%.

We’re building homes for these people in the province of Ontario. Not only that, we have removed the HST on affordable homes and removed development charges so we can build more homes here in the province of Ontario to help the newcomers who are coming to this province. Speaker, the minister’s plan also includes $71 billion for transit infrastructure, including the new 18-kilometre Hazel McCallion LRT line on Hurontario, which is still on budget and on schedule, to open next fall. Last year, I joined the President of the Treasury Board, who was then the Minister of Transportation, to see the first piece of LRT track installed in Mississauga.

The assumption initially was we’d see this big increase in supply and a big drop in demand. I think some of those assumptions were also coming from a place that was also assuming a neutral starting point for this year, the old Goldilocks market, not too hot, not too cold, when in fact, we were coming into 2020 screaming hot with our hair on fire. They all went from being in their late teens and 20s to being in their late 20s, and 30s, and now 40s. When you’ve got a ton of new Canadians coming on the scene, at the same time as a whole bunch of other people are going through that mechanical phase of life where household formation tends to happen in those years, you’ve got a lot of first-time homebuyers.

When people say, “We’re not going to restaurants anymore. We can’t afford to eat at restaurants”—yes, the price of meals at a restaurant have gone up, like everything else. “We can’t afford to eat at a restaurant.” Why can’t they afford to eat at a restaurant? They’re now worried that they can’t pay their mortgage. They can’t pay all of the other cost-of-living issues that have gone up so much.

It does so through the proposed extension of gas tax cuts and fuel tax rate cuts until June 30, 2024. We all hear about it as we walk among the members of our community and speak to members in our own communities and our extended families. I have spoken about the undue burden brought on by this tax before, so I am proud to see the work our government is doing to help make life more affordable for Ontarians. As all members of this House already know, our government has made record strides to increase our available housing supply, while also bringing costs down. Whether it’s by enacting the many tranches of our housing supply action plan over the years or through the data standards for planning and development work, my ministry is clearly making efforts to streamline the pre-construction process. And propane is the cleanest of the three; if you look at home heating oil, fuel oil, natural gas and propane, propane is the cleanest, but it’s also the one most prominent in rural Ontario because we have an awful lot of places that natural gas hasn’t gotten to.