Quote:
Originally Posted by Alex Mackinnon
Canada is trying to normalize its rates so capital doesn't spill out of the country into our higher-interest paying neighbour. That would cause huge inflation and devaluation of the Canadian dollar.
The only thing that's holding the rate bumps back is the fact that morons binged on debt for grossly overpriced real estate.
Comparing the right to not get left to die in a hospital versus not to own an investment property in Vancouver is a pretty different thing. One is a human right, the other is just business. Nobody dies because they couldn't buy an investment property.
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Exactly! That’s why it’s highly unlikely that the Court will allow the province to overturn the charter under section #1. Section #1 is only for large things.
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