Dad & Realtor, looking for insight. If I follow you consider yourself smart.
Toronto, Ontario
Joined June 2011
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Peter Kiriazopoulos retweeted
The biggest unreported story from yesterday: Carney snuck into the budget a massive immigration increase with the LARGEST NUMBER OF NEW PERMANENT RESIDENTS EVER next year.
Nearly 200,000 more than Trudeau’s highest-ever number year. When we have a shortage of jobs, homes, and health care.
Now we know why Carney snuck his immigration plan into a budget when everyone was distracted by the midterms and right before Parliament shuts for 10 days.
Unacceptable. This needs a real debate.
😂 😂 @MarkJCarney take note
Peter Kiriazopoulos retweeted
Seeing a LOT of wrong narratives on the immigration stuff
NET population growth in 2027 will likely be in 300k-350k range but WOULD have been ~100k were it not for these absurd "one-time" measures
We need a few years of low growth while we absorb the excesses of the past cycle
Peter Kiriazopoulos retweeted
Budget 2026 is a budget for builders. 🍁
Budget 2026 announced the Canada Growth Incentive: up to $15M in tax-free capital gains per person, per business, on shares of eligible 🇨🇦 companies bought from today.
An Ontario founder selling for $15M now keeps 96%, up from 71%. 🏗️
The will of the people will be ignored.
Majority of Canadians want fewer immigrants in 2027: Nanos ctvnews.ca/canada/article/ma…
What a surprise, an article advocating for greater government involvement written by a ivory tower intelligencia.
Ask an actual entrepreneur if we need more gov in our lives.
Opinion: If Canada wants economic security, it must tolerate a bigger government hand in business theglobeandmail.com/business…
All the California transplants voting for the same thing that made them
Leave in the first place
Texas becomes a Democratic state after more than 30 years bnnbloomberg.ca/video/econom…
Peter Kiriazopoulos retweeted
Greece has spent years offering incentives to wealthy foreigners. Now its ambition is for them to put down roots by bringing their families and businesses and forming new communities: ft.trib.al/888Zwqs
Peter Kiriazopoulos retweeted
The justification from large corporations and the lobbying organizations that represent them as to why Canada needed to import hundreds of thousands of foreign workers was that Canadians were too lazy to work entry-level jobs.
Now they're trying to hire foreign workers for senior accountant positions.
So I guess Canadians are "too lazy" to become accountants now.
This was never about a job shortage. This has always been about suppressing Canadian wages.
Never forget and never minimize the scale of the betrayal.
KPMG is trying to hire 15 foreign accountants in downtown Toronto at $80,000+ each.
In four days, Mark Carney will let corporations hire high wage occupations from abroad without even trying to hire a Canadian first.
Toronto’s unemployment rate is sitting at 7% with youth unemployment at 17%. KPMG should be hiring and training Canadians, not getting a free pass to bypass local workers.
Peter Kiriazopoulos retweeted
My response to the Central Bankers Policy mistakes. 👇
As central banks around the globe hike #InterestRates, @DrJStrategy gives his take on the current inflationary environment, encouraging forward-thinking investment strategies. #Investing
Discover more commentary from James Thorne: ow.ly/GLwy50ZBTMj
Peter Kiriazopoulos retweeted
I am a proud and loyal Democrat. I served in President Clinton’s National Security Council and worked for Madeleine Albright at the State Department. I ran for Congress as a Democrat, have voted Democratic all my life, and expect to continue doing so.
But I would never vote for Abdul El-Sayed. In my judgment, he does not represent the values of our party or our nation. I urge my fellow patriotic Democrats in Michigan to leave the Senate line blank or vote for Republican Mike Rogers.
This is an exceptional case, and I do not make this recommendation lightly. We can support Democratic majorities nationally while refusing to support a candidate who violates our core values. Loyalty to our party should strengthen our principles, never require us to abandon them.
Macklem’s Incompetence: Fighting the 1970s, Punishing Canada Today
The Bank of Canada is hiking into a negative growth shock because it fears an inflation problem its own underlying data do not establish. This is not prudent risk management. It is incompetence dressed up as vigilance.
Trimmed CPI inflation is 1.8% and declining. Employment is contracting. Even the Bank’s own statement puts inflation excluding gasoline at 2.2%, core inflation close to target, and longer-term inflation expectations firmly anchored. It acknowledges excess supply and expects new American tariffs to slow growth. Yet Macklem is raising rates because higher energy costs might eventually spread through the economy.
The distinction matters. Higher oil prices squeeze purchasing power; tariffs impair production and trade. Higher interest rates cannot fix either problem. They can, however, compound the damage by weakening spending, housing and investment. Macklem is responding to an external cost shock by imposing an additional domestic demand shock.
Second- and third-round inflation effects are risks to assess, not facts to assume!!! With underlying inflation subdued, jobs contracting and expectations anchored, the burden of proof lies with the central bank proposing to tighten. Its statement does not meet that burden.
Macklem increasingly resembles a Davos technocrat intellectually trapped in the 1970s: invoking the dangers of an inflationary spiral while discounting the weakness in front of him. The spectre of that decade has become a substitute for judgment.
His incompetence lies in that misdiagnosis. Hiking into a negative growth shocks leads to an avoidable recession.
He is making Canadians pay higher borrowing costs today to insure against inflationary spillovers that have not yet materialized broadly in the data.
A central bank should respond to evidence, not force today’s economy into yesterday’s cautionary tale.
Yes it’s true: Tiff Macklem is worse than John Crow. The worst governor of the Bank of Canada in modern history.
Peter Kiriazopoulos retweeted
Macklem’s Incompetence: Fighting the 1970s, Punishing Canada Today
The Bank of Canada is hiking into a negative growth shock because it fears an inflation problem its own underlying data do not establish. This is not prudent risk management. It is incompetence dressed up as vigilance.
Trimmed CPI inflation is 1.8% and declining. Employment is contracting. Even the Bank’s own statement puts inflation excluding gasoline at 2.2%, core inflation close to target, and longer-term inflation expectations firmly anchored. It acknowledges excess supply and expects new American tariffs to slow growth. Yet Macklem is raising rates because higher energy costs might eventually spread through the economy.
The distinction matters. Higher oil prices squeeze purchasing power; tariffs impair production and trade. Higher interest rates cannot fix either problem. They can, however, compound the damage by weakening spending, housing and investment. Macklem is responding to an external cost shock by imposing an additional domestic demand shock.
Second- and third-round inflation effects are risks to assess, not facts to assume!!! With underlying inflation subdued, jobs contracting and expectations anchored, the burden of proof lies with the central bank proposing to tighten. Its statement does not meet that burden.
Macklem increasingly resembles a Davos technocrat intellectually trapped in the 1970s: invoking the dangers of an inflationary spiral while discounting the weakness in front of him. The spectre of that decade has become a substitute for judgment.
His incompetence lies in that misdiagnosis. Hiking into a negative growth shocks leads to an avoidable recession.
He is making Canadians pay higher borrowing costs today to insure against inflationary spillovers that have not yet materialized broadly in the data.
A central bank should respond to evidence, not force today’s economy into yesterday’s cautionary tale.
Yes it’s true: Tiff Macklem is worse than John Crow. The worst governor of the Bank of Canada in modern history.
Selfish boomers win again
#BREAKING: Alvin Tedjo wins Mississauga mayoral election, CityNews projects toronto.citynews.ca/2026/10/…
What the actual fuck.
The BC teachers union president issued this statement today 🥴
"I recognize that with the outcome of a Conservative government, many of us may be feeling disappointed, scared, or deeply concerned about what might come next.
I know these results may be particularly concerning for Indigenous, racialized, and 2SLGBTQIA+ members. You are not alone."
