Ray of hope - FSW - 1
- Thread starter Jatt2canada
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Canada
Total Doses given - 19,444,593
People fully vaccinated - 1,486,018 3.9%
People given at least one dose - 17,958,575 47.3%
Program: PNP
Date: March 17, 2021
Time: 11:49:48 UTC
CRS cutoff score: 682 points
Tie-breaking rule: March 04, 2021
Invitations (ITAs): 183
Anyone remember this draw ?
what is the profile with 82 CRS ?
Date: March 17, 2021
Time: 11:49:48 UTC
CRS cutoff score: 682 points
Tie-breaking rule: March 04, 2021
Invitations (ITAs): 183
Anyone remember this draw ?
what is the profile with 82 CRS ?
I don't think "competitive" is quite the right word here, more like there's not enough Canadians to go around in Canada. They're bringing people in, because who's gonna work and pay all the taxes right? And if they're going to bring people, they'll want to bring people who makes a lot of $$$ so they pay a lot of taxes too - and this squeezes the less skilled people whether they are native born Canadians or not.
As for the housing conundrum, I personally don't think it's completely tied to immigration. The housing market is a weird market because unlike typical goods, several factors are in play which drives the prices up.
1. First is the general demand for the commodity, more people coming in means more people needs shelter, driving the prices up.
2. The second one which makes it quite unique, is that there are also people investing in housing, which in turn drives prices up. What makes the second reason special is that these people investing in real state doesn't really need the house per se, they're just seeing it as something they can flip and make some $$$ on.
So you have a first set of people which considers a home a basic necessity, and another set of people which considers a home similar to a stock in the stock market. This makes the housing market both a basic necessity market AND an investment market.
3. Finally you have the 3rd set people, these people are people who own homes but doesn't want to sell them even at premium prices simply because they don't want to settle at a cheaper place, or they just enjoy watching their net worth go up or just some sentimental value. This eventually reduces the amount of supply available in the market, and add that to recent events like COVID or having a boat stuck in a canal somewhere disrupting supply chains and you have the perfect recipe for skyrocketing real estate prices.
I'm not sure about the 3-5 years max, maybe in the less popular regions it's possible. But in Toronto or Vancouver, where you'd be lucky to get a home for less than $1M CAD, you'd better be making a whole lotta money to close that debt in 3-5 years.
From my perspective, I see it as a "safe haven". If you have a Canadian Citizenship and went to the US to work, then if the US decides to deport you, you'll be getting kicked back to Canada and not your country of origin.
Though these days, I think Canada is just a better place to live. The US looks to be in turmoil from the insurrection, police related issues, racial issues etc. Sure the US might net you more $$$, but it's hard to put a price on peace of mind.
Largely a long term hedge (against the petrodollar, US inflation & financial markets), a second retirement option (while also opening up the door to early retirement since healthcare coverage won't be a problem), lower university costs and some ethical unease surrounding the US military, wars & media.
Oh, and perhaps the unrealistic hope that cancel culture isn't as prevalent as it is here.
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Air Canada (TSX:AC) Reports a Huge $1.3 Billion Loss
May 20, 2021, 11:45 p.m.
Nothing has changed for Air Canada (TSX:AC) over the last five quarters. Reporting losses quarter after quarter is a familiar refrain. In Q1 2020, the tune was $1.304 billion in net loss. Canada’s flag carrier also reported a net cash burn of $1.274 billion during the quarter or an average of $14 million daily. Likewise, the capacity reduction was 82%.
The airline stock is no longer the high flyer it was once in 2019. Before the coronavirus outbreak, Air Canada enjoyed 27 consecutive quarters of profits. Even the federal government’s financial relief in April 2021 wasn’t enough to propel the stock. Investors expecting a take-off to new highs should wait. The business outlook remains bleak, and the chances of a breakout this year are very low.
No clear timeline
There’s no definite or clear timeline when the federal government will ease strict restrictions and allow passenger travel. Air Canada is itching to return to a pre-coronavirus normal, but it won’t happen anytime soon. During the first-quarter conference, its CEO, Michael Rousseau, asked the Canadian government to remove hotel quarantines.
Rousseau said, “The current mandatory hotel quarantine for arrivals has proven ineffective. It should be eliminated.” He added, “The persistence of COVID-19 and its resurgence in Canada weigh heavily on the Canadian airline industry, as reflected in Air Canada’s first-quarter results.”
Among the country’s strict travel regulations are the mandatory three-day hotel stay and 14-day quarantine for international air travelers. The suggestion is to replace the current blanket restrictions with science-based testing and limited quarantine measures where appropriate. The country can reopen and safely ease travel restrictions.
Develop a restart process
Since the vaccination program is ongoing, Air Canada’s CEO hopes the country can replicate the U.S. where travel rebounds sharply, as COVID-19 recedes and restrictions are lifted. The National Airlines Council of Canada (NACC) shares the same sentiment. Mike McNaney, NACC president and CEO, said the U.K. has announced that it will allow travel to and from a select list of countries starting on May 17, 2021.
The industry group wants Canada to follow U.K.’s lead and help bring in a restart plan for the country’s airline sector. Travelers from the initial list of destinations don’t need to quarantine when they enter the United Kingdom. Also, it will add more countries over time as the public health situation improves.
McNaney sees the critical need to plan for the eventual safe reopening of international travel. The Canadian government must work with the aviation sector to develop a restart process. Besides Air Canada, NACC represents national and international passenger air carriers Transat AT, WestJet, and Jazz Aviation LP.
Semi-permanent damage
If you were to go by the International Air Transport Association’s (IATA) assessment, you would steer clear of Air Canada for now. IATA warns the coronavirus crisis will result in semi-permanent damage to the airline industry. Furthermore, it will subdue passenger revenues until 2024.
IATA expects the airline industry to incur net losses of US$47.7 billion in 2021, as COVID-19 continues to inflict pain on the industry. The airline body believes borders may not fully reopen until October 2021. As such, IATA is likely to move its annual meeting from late June to October due to the deepening nature of the health crisis.
The post Air Canada (TSX:AC) Reports a Huge $1.3 Billion Loss appeared first on The Motley Fool Canada.
Speaking of Air Canada losing $1.3 billion in Q1 2021
May 20, 2021, 11:45 p.m.
Nothing has changed for Air Canada (TSX:AC) over the last five quarters. Reporting losses quarter after quarter is a familiar refrain. In Q1 2020, the tune was $1.304 billion in net loss. Canada’s flag carrier also reported a net cash burn of $1.274 billion during the quarter or an average of $14 million daily. Likewise, the capacity reduction was 82%.
The airline stock is no longer the high flyer it was once in 2019. Before the coronavirus outbreak, Air Canada enjoyed 27 consecutive quarters of profits. Even the federal government’s financial relief in April 2021 wasn’t enough to propel the stock. Investors expecting a take-off to new highs should wait. The business outlook remains bleak, and the chances of a breakout this year are very low.
No clear timeline
There’s no definite or clear timeline when the federal government will ease strict restrictions and allow passenger travel. Air Canada is itching to return to a pre-coronavirus normal, but it won’t happen anytime soon. During the first-quarter conference, its CEO, Michael Rousseau, asked the Canadian government to remove hotel quarantines.
Rousseau said, “The current mandatory hotel quarantine for arrivals has proven ineffective. It should be eliminated.” He added, “The persistence of COVID-19 and its resurgence in Canada weigh heavily on the Canadian airline industry, as reflected in Air Canada’s first-quarter results.”
Among the country’s strict travel regulations are the mandatory three-day hotel stay and 14-day quarantine for international air travelers. The suggestion is to replace the current blanket restrictions with science-based testing and limited quarantine measures where appropriate. The country can reopen and safely ease travel restrictions.
Develop a restart process
Since the vaccination program is ongoing, Air Canada’s CEO hopes the country can replicate the U.S. where travel rebounds sharply, as COVID-19 recedes and restrictions are lifted. The National Airlines Council of Canada (NACC) shares the same sentiment. Mike McNaney, NACC president and CEO, said the U.K. has announced that it will allow travel to and from a select list of countries starting on May 17, 2021.
The industry group wants Canada to follow U.K.’s lead and help bring in a restart plan for the country’s airline sector. Travelers from the initial list of destinations don’t need to quarantine when they enter the United Kingdom. Also, it will add more countries over time as the public health situation improves.
McNaney sees the critical need to plan for the eventual safe reopening of international travel. The Canadian government must work with the aviation sector to develop a restart process. Besides Air Canada, NACC represents national and international passenger air carriers Transat AT, WestJet, and Jazz Aviation LP.
Semi-permanent damage
If you were to go by the International Air Transport Association’s (IATA) assessment, you would steer clear of Air Canada for now. IATA warns the coronavirus crisis will result in semi-permanent damage to the airline industry. Furthermore, it will subdue passenger revenues until 2024.
IATA expects the airline industry to incur net losses of US$47.7 billion in 2021, as COVID-19 continues to inflict pain on the industry. The airline body believes borders may not fully reopen until October 2021. As such, IATA is likely to move its annual meeting from late June to October due to the deepening nature of the health crisis.
The post Air Canada (TSX:AC) Reports a Huge $1.3 Billion Loss appeared first on The Motley Fool Canada.
Speaking of Air Canada losing $1.3 billion in Q1 2021
Lolz I have seen so many F1s denied entry and deported for no apparent reasonWhy would the US deport you? What line of work are you in?
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