Housing | finance | tech. -Nobody goes there anymore. It is too crowded.-
Toronto, Ontario
Joined March 2011
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Dima retweeted
Key post from @scoopercooper (Aug 24, 2026):
“I’d be worried if I was a Canadian bank or developer etc with exposure to Iranian currency exchanges and Chinese underground banking, that is major exposure risk given Bessent’s announcement. Speaking of economic warfare. People don’t know the half of the tools available to DC.” @scoopercooper
This was posted the same day Treasury Secretary Scott Bessent launched Operation Economic Outcast, an aggressive campaign to sever Iran’s financial lifelines (including digital assets, secondary sanctions on facilitators, and targeting networks enabling IRGC funding). home.treasury.gov
thebureau.news/p/us-treasury… U.S. Treasury Says Ryan Wedding Laundered Billions in Drug Money Through Canadian Currency Exchanges, Sanctioning Eight Toronto and Vancouver Firms Accused of Moving Money for IRGC
Dima retweeted
Dont have to like it, but the Americans are not wrong about the Iranian currency exchange nonsense. I told you this was coming, and it's prob not done yet. See the THREAD!
US Treasury sanctions Cdn money services firms over Iran-related transactions-->
reuters.com/world/middle-eas…
Dima retweeted
Reminder that in Pierre Trudeau's last term in office (1980-1984) he almost cut immigration levels IN HALF, from 143,000 PR admissions to 88,000.
That's because Canada was going through a recession, and it made no sense to add large numbers of new people into the Canadian labour market when people were struggling to find work.
Now that young people are struggling to find work, wages are lagging behind inflation, there is huge excess demand over supply in our health care system, and public support for immigration is waning, what does the Liberal government do?
Massively increase immigration levels.
This is one of the worst public policy decisions in modern Canadian history. And unlike most bad policies, it is effectively irreversible.
Trolling is off the charts...
Stats Canada just registered increase in unemployment rate: "The unemployment rate for youth aged 15 to 24 increased 0.7 percentage points to 13.7%."
A well-managed immigration system must respond to changing circumstances while providing greater stability and predictability for newcomers, employers and communities.
We are introducing a new time-limited measure that will support work to reset the immigration system. This measure will help up to 200,000 people already living in Canada transition to permanent residence through two cohorts:
• a workers cohort
• a humanitarian cohort
This temporary measure will provide fairness for people who have already established themselves in communities across the country through additional admissions space to process applications under select pathways in 2027. It will help fulfill previous humanitarian commitments, keep families together and reduce existing application inventories. Learn more: bit.ly/4enACjL
Dima retweeted
🚨𝗕𝗿𝗲𝗮𝗸𝗶𝗻𝗴: Low-wage LMIA based work permit duration increased from one year to two years starting today.
𝗜 𝗮𝗺 𝗰𝗼𝗻𝗳𝘂𝘀𝗲𝗱. 🤔
Has unemployment gone up or down someone please explain either to me or Mark Carney.
𝗧𝗵𝗶𝘀 𝘄𝗶𝗹𝗹 𝗮𝗯𝘀𝗼𝗹𝘂𝘁𝗲𝗹𝘆 𝗱𝗲𝘀𝘁𝗿𝗼𝘆 𝗹𝗮𝗯𝗼𝘂𝗿 𝗺𝗮𝗿𝗸𝗲𝘁 𝗳𝗼𝗿 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻𝘀. 🤦♂️
Government of Canada announces targeted reforms to the Temporary Foreign Worker Program to respond to labour market needs
ow.ly/AkGu106I2V2
"A temporary worker receiving permanent residency doesn't add another person to the population. Only their immigration status changes."
Maybe we should also start giving PRs to tourists already in Canada
🇨🇦 CANADIANS: STOP PANICKING ABOUT IMMIGRATION. LOOK AT THE ACTUAL NUMBERS.
There is an enormous amount of misinformation circulating about Canada's immigration and population outlook.
Let's separate the facts from the fear.
1. The 380,000 immigration target is NOT 380,000 new arrivals.
Canada plans to grant permanent residency to 380,000 people annually between 2027 and 2029.
But many already live, work, pay taxes and occupy homes in Canada.
A temporary worker receiving permanent residency doesn't add another person to the population. Only their immigration status changes.
2. Canada's temporary resident population is already SHRINKING.
Statistics Canada reports:
October 2024: 2.98 million non-permanent residents.
July 2025: 2.93 million.
July 2026: 2.78 million.
That's a decline of approximately 205,000 from the October 2024 peak.
The expansion has reversed.
3. Ottawa is explicitly converting existing residents to permanent status.
The November 5, 2026 immigration plan includes a special initiative allowing up to 200,000 people already living in Canada to transition to permanent residency by the end of 2027.
These are not 200,000 additional people arriving at the border.
4. New temporary resident arrivals are being sharply reduced.
Canada recorded approximately 972,000 new temporary resident arrivals in 2023.
The target for 2027 is 370,000.
That's a planned reduction of approximately 62%.
5. What matters is NET POPULATION GROWTH.
New arrivals minus departures, combined with births minus deaths.
A declining temporary resident population does not necessarily mean everyone has departed. Some have simply become permanent residents.
But it clearly demonstrates that Canada's previous period of extraordinarily rapid temporary-resident expansion is ending.
Now the real story, are we about to run out of workers?
Dima retweeted
I liked a lot of things in the budget, but I absoltuely cannot stand these "one-time measures" that are excluded from the permanent residence targets. They should be built into the targets, so we can make an apples-to-apples comparison.
Alright guys, I have fundamentally changed my view on future population growth following Budget 2026. It's very clear now that the govt will continue to roll out "one-time" initiatives to convert temp residents into PRs.
We'll get official levels at the end of Nov, but this is where we're going from what I see in the budget
Dima retweeted
The Carney government's new immigration figures are them telling you, as clearly as they possibly can, that your simple desire to live in a country with competitive wages, affordable housing and accessible publuc services can get fucked.
Dima retweeted
Today's Canadian Jobs Report: BAD - Yesterday's Canadian Budget: Immigration MUST Increase
We are so Fucked...
Weirdest part: Carney's popularity will remain high
Boomers think: more Immigration, my house price finally starts going up again
Landlords say Thank God
2/
Dima retweeted
We're culturally broken if we can't stand on our values and morals to hold someone accountable.
He isn't ethical.
Full stop.
If a thief let a senior go, do you forgive him after dozens of crimes?
He won't have an ethics committee investigate Telesat funding.
The Liberals are trying to reverse the outcome of the Emergency Act.
They awarded $90b to SNC-Lavalin.
If he wanted change, it would have already happened.
What happened to the performance report from his MPs?
What happened to the trillions of dollars from the growth conference?
How are we more competitive by adding carbon taxes to our oil and CBAM?
How are we more competitive when the government continually cherry picks funding and expands government at an ever-increasing pace?
How are we more competitive when citizens don't have doctors and we're adding hundreds of thousands of people every year?
He holds the most important role in the country with some of the largest natural resources and he weaseled his way into a majority government.
Stop giving him another inch.
This is just another promise.
Hold him accountable.
Dima retweeted
Alright guys, I have fundamentally changed my view on future population growth following Budget 2026. It's very clear now that the govt will continue to roll out "one-time" initiatives to convert temp residents into PRs.
We'll get official levels at the end of Nov, but this is where we're going from what I see in the budget