Two shocking stats: 1.  47% of Canadians have to renew their mortgage in the next 12 months…at higher rates. 2. Government policies add $186,000 to the cost of a new home in Toronto.

Talk about mixed messages. This is a Goofy Award winner in the truest sense of the word. What the heck is the Federal government up to with the Summer Job Grants program?

~ Starts at 35:03 mark

Mike asks what we get in return for cancelling pipeline projects. Plus the biggest financial story of the year. Ozzie comes by to discuss Friday’s mortgage rate increase and the latest moves by the government to kill the real estate market. 

Don’t tell the kids but the Parliamentary Budget Office says the last month’s federal budget underestimates the deficit by $7.9 billion over the next two years. The response of the majority of Canadians is – “not my problem” – it’s the kids who’ll have to pay.