Non Pluss, Get Ready! Cleaner Air is Not Material Wealth!

If you are Canadian, you might be expecting a Government gravy train to arrive and it already has in the form of improved CO2 emissions in industry. It is NOT what you had in mind because this environmental boon does not directly create material wealth (give me a break now with your back yard wind farm or home solar panel). Do you believe that? That what has come does not directly mean more money in your wallet?

CO2Canada World Bank Org
source: World Bank Org

First my intro and then some graphs to illustrate the trends in (non pluss) nothing but cleaner air. Those graphs you can compile at

The share of full-time and part-time employment has not grown even as the population has. It means Canada’s economy is the same ol’ same ol’. So the promise of new industries and new businesses like expecting our own Silicon Valley has yet to be true. Same with ‘Hollywood North’.

Meanwhile, Canada’s household debt to GDP has passed the USA. Canada, as of 2018, is at 100% whereas the USA is still at 80% as of 2018. Is it because we took out mortgages to buy houses? Apparently NOT by much!

Home ownership rates between Canada and the USA are neck and neck, except for that time in the USA when the USA beat out Canada by a stretch with 70% of the country owning homes causing their recession. Lets remind you there might be a similar one in Canada involving mortgage fraud and more. And this time it is Canadians who are beating American home owners by a stretch at 66% to 63%. In 2017, when most Canadians received an income tax refund that amounted to $28 billion, 17% of Canadians owed income taxes over $30 billion — our tax refund is paid for by 17% of us who have yet to pay their income tax in full? Why can it be doubtful…

Americans also seem to be fewer working as more Canadians than Americans are participating in the labor market.

Yet as a group, Americans have the biggest pot of disposable income which is after tax income (take home pay). They can do better by saving toward real home ownership or paying off debts to raise their credit score. The alternative is by Canada’s example where home-ownership is no greater yet personal debt is 170% of ‘take home pay’… said another way, a Canadian’s take home pay covers 59% of their bills.

How true is that? “Statistics Canada reported average 2016 household spending (including taxes) for those age 65 and older at $58,121” (Money Sense Canada). There is the spectre of a Canadian mortgage crisis but already Canadians are deeply in hock having run up big tabs. Canada’s once coveted position as a economy without deficit is surely at an end. But is there enough cushion when raised expectations and forecasts come crashing down in terms of actual customers that translate into saving for your life goals? Even if or as public old age security has kept abreast with inflation, consumer spending has sped away without concern from normalcy.