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[return to ""Fake Chinese income" mortgages fuel Toronto real estate bubble: HSBC bank leaks"]
1. ilrwbw+9q[view] [source] 2024-02-06 19:36:03
>>eswat+(OP)
I have said this over and over again: Canada is the most overrated of all the developed countries.

The whole country is a gigantic house of cards propped up by real estate, with horrible service quality, terrible healthcare, no jobs, ZERO innovation, risk taking and entrepreneurship.

Having lived and travelled extensively, most Canadians want a house somewhere in the woods instead of doing something meaningful with their lives or try and innovate to build something.

All of this is propped up by rampant levels of immigration from China and India. Where US got the best talent from India, Canada got the worst, the ones who scam their way here and take the lowest level jobs.

Now all of this is coming home to roost. The next decade will be Canada's worst and if they do not learn that risk taking and entrepreneurship is the only way out of the mess they find themselves in, they will become a third world country in another decade.

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2. calf+VE[view] [source] 2024-02-06 20:44:06
>>ilrwbw+9q
Canada is the way it is because it is next to the U.S. The Canadian brain drain was never entirely the fault of Canada; the gravitational pull of U.S. neoliberal capitalism (what you uncritically and a-historically call 'risk taking') is a nontrivial factor. Canadian protectionism would not go over well with its world power neighbour, which seeks to exploit intellectual and social capital.
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