The Loonie is trending lower. 🤮

Don't tell you know who, but the U.S. Current Account Deficit with Canada (blue line) has actually widened this year. 🤣🤣 🤣 Admittedly, it's been mostly due to Primary and Secondary Income (money flows) rather than Trade.

Another day, another central bank propping up asset holders and screwing over the working class. By cutting rates below inflation, CBs provide air cover for even more government profligacy, stoking the next wave of inflation. Expect the same from the BOC. 🤬

Canada is very slowly diversifying its Energy Exports. Oil Exports to the U.S. have dropped to 93.2% - a series low. This is due, in part, to the TMX pipeline. To wit, the more East-West pipelines Canada builds, the less dependant we are on the U.S.

As an economist, I’ve been BANGING MY HEAD against the wall trying to explain that retaliatory tariffs are a DISASTER for Canadian consumers! Premier Smith was the lone warrior and beacon of reason, advocating for diplomacy over destructive tariffs! Now will the mainstream