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What Else Canadians Should Be Sorry For — Besides Burning the White House

What Else Canadians Should Be Sorry For — Besides Burning the White House Six-years after the British landing at Jamestown, with the settlers struggling to survive and hardly managing to get their own local genocide underway, these new Virginians hired mercenaries to attack Acadia and (fail to) drive the French out of what they considered […]

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My Views on US-Canada Trade, Steel’s Impact on National Security, NAFTA, and the Dollar

My Views on US-Canada Trade, Steel’s Impact on National Security, NAFTA, and the Dollar Wolf Richter with Jim Goddard on This Week in Money: Trade agreements are designed to benefit companies, not people – which is part of the problem. We also get into whether gold and silver will remain stuck in the current trading range, […]

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Canada Bets On Trans Mountain Expansion To Sell Oil In Asia

Canada Bets On Trans Mountain Expansion To Sell Oil In Asia Canada may be the fourth largest producer and third largest exporter of oil in the world, but it has one sole customer of its oil—the United States. At the end of last month, Canada took a step toward ensuring that its oil would have […]

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Trump Skipping G7 Meeting on Climate, Clean Energy, Oceans

Trump Skipping G7 Meeting on Climate, Clean Energy, Oceans President Donald Trump headed for the Group of Seven (G7) summit in Canada on Friday but will be leaving before Saturday’s meeting on climate change, clean energy and oceans. The White House said an aide will take Trump’s place, CNN reported. The announcement of his early departure comes amid a brewing war on tariffs. […]

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City Officials Struggle To Fend Off “Unstoppable Juggernaut” Of Chinese Homebuyers

City Officials Struggle To Fend Off “Unstoppable Juggernaut” Of Chinese Homebuyers As we’ve pointed out time and time again, foreign – mainly Chinese – buyers seeking to park their ill-gotten gains beyond the reach of the Communist Party have – in addition to global capitals like New York City and London – favored a handful […]

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How Chinese Investors Inflate Housing Markets in the US, Canada, and Australia, as Governments Try to Stem the Tide

How Chinese Investors Inflate Housing Markets in the US, Canada, and Australia, as Governments Try to Stem the Tide The “waterbed effect” of money flows. Top residential real estate brokerages in the US have been promoting US homes to investors in China for years. Brokerage firms in Canada, Australia, New Zealand, and other countries have […]

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Trump Lashes Out At Macron, Trudeau Ahead Of “G6+1” Summit

Trump Lashes Out At Macron, Trudeau Ahead Of “G6+1” Summit Tomorrow’s G7, or rather G6+1 meeting, is shaping up to be one for the ages. As we reported previously, chancellor Merkel already was setting the ground for the Toronto showdown among the world’s top political leaders, vowing to challenge Donald Trump on virtually every issue, […]

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Toronto’s House Price Bubble Not Fun Anymore

Toronto’s House Price Bubble Not Fun Anymore Average price of single-family house plunges 13%, or by C$160,000 from peak. Sales of homes priced over C$1.5 million collapse by 63%. Condos still hanging on. Housing in the Greater Toronto Area is, let’s say, retrenching. Canada’s largest housing market has seen an enormous two-decade surge in prices […]

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“Just Days Left” To Avoid Trade War France Says, As G-7 Condemn Trump

“Just Days Left” To Avoid Trade War France Says, As G-7 Condemn Trump With Trump refusing to back down and slapping Section 232 tariffs on steel and aluminum imports from the EU, Canada and Mexico, which were enacted at midnight on June 1, the G-7 meeting taking place in Whistler, also known as Canada’s Davos, […]

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Trump Started a Global Trade War Today: Canada, Mexico Responded, So Will Europe

Trump Started a Global Trade War Today: Canada, Mexico Responded, So Will Europe Trump has been itching for a global trade war ever since he took office. He just confirmed one. The U.S. will impose tariffs on steel and aluminum imports from Canada, Mexico and the European Union starting on Friday. Trump’s ill-advised Tariffs Provoked […]

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Canadian Banks See Mortgage Growth Stall As Interest Rates Rise

Canadian Banks See Mortgage Growth Stall As Interest Rates Rise As anybody who was around for the housing collapse will remember, nothing bursts a bubble in home prices faster than rising mortgage rates. And while US home prices have surpassed their pre-crisis peak, Canadian home prices have risen much more quickly than home prices in […]

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Life, the Sea and Big Oil

Life, the Sea and Big Oil Photo by Glenn Beltz | CC BY 2.0 “It is a curious situation that the sea, from which life first arose, should now be threatened by the activities of one form of that life. But the sea, though changed in a sinister way, will continue to exist: the threat […]

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Canada’s Debt Spiral

Canada’s Debt Spiral Living beyond our means requires us to borrow money to cover the difference between our income and our spending. Many Canadians now understand the financial consequences of this practice and regret the choices they’ve made. Unfortunately, Prime Minister Trudeau is not one of them, as evidenced by his government’s budget deficits which […]

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Shining Light On Scurrilous Stories: Who Is Really Undermining Canadian Democracy?

Shining Light On Scurrilous Stories: Who Is Really Undermining Canadian Democracy? Canada is a very pleasant country, if you don’t mind being cold for long periods, and in The Economist’s 2017 Democracy Index is described approvingly as ranking sixth of the 167 countries examined. It “scores highly in the electoral process and the functioning of government categories, and also […]

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Nine Uncomfortable Canadian Energy Facts

Nine Uncomfortable Canadian Energy Facts We’re not cutting emissions as much as we should, and we’re dependent on an increasingly expensive source of oil. Canada’s energy twilight: Canada can’t meet emission targets and expand bitumen or shale gas production at the same time, according to energy expert David Hughes. Photo by Jeff Peischl/NOAA. Canadians are […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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