Latest Jobs Numbers in Canada: Remember That Bank of Canada Interest Rate Hike? Get Ready For a Plateau of Interest Rakes...or a Decrease...That's How Bad Things May Be

At the time of its July 11, 2018 overnight rate hike to 1.5% it almost seemed The Bank of Canada was giving itself a tool in order to decrease rates in the future as NAFTA uncertainty was ongoing, oil was rising.  Now we have unattractive jobs numbers, a 5.8% unemployment rate that reporters and economists would like us to jump and down for (meanwhile in the big bad USA...~4.0%) and a Saudi political spat probably resulting in oil supply impacts to the refineries in Eastern Canada if it lasts beyond three months.

Not only is Trudeau silent on the whole affair, but no support from USA or UK proving how childish and needless this human rights hounding of a contry that will likely not change.  With no economic benefits to score, only possible poll results to gain, Canadians now face the brunt of needlessly poking a holder of Canadian equities (130 points drop on the TSX the Monday after it was announced) that has claimed to be selling everything Canadian and likely will cut off oil supplies (yes Canada - oil from Saudi Arabia and such countries comes to Canada and flows down the St. Lawrence!).

"...Across the provinces, Ontario gained 60,600 jobs — all in part-time work — and the unemployment rate dropped 0.5 percentage points to 5.4 per cent for its lowest reading since July 2000..."

https://business.financialpost.com/news/economy/newsalert-canada-adds-54100-jobs-in-july-unemployment-rate-falls-to-5-8-2

As if A Lack of Action on A Pipeline Expansion and an Uncertain NAFTA Agreement Are Not Enough, Canadian CEOs Are Waking Up to Additional Liberal Taxes: Whose Interests Do Justin, Morneau and the Invisible Jim Carr Have?

"....The chief executive of a large Canadian company said he was at a Vancouver board of trade dinner this week.

“The level of foreign investment has never been so low and continues to fall off a cliff. There is a real, genuine, honest, non-partisan concern that Canada is so completely out of touch with the real world,” he said..."

http://nationalpost.com/opinion/john-ivison-the-slow-bleeding-of-corporate-canada-is-about-to-get-underway-and-only-morneau-can-stop-it

The State of Canada's Capital Markets: Hundreds of "Zombie" Shell Companies

https://www.bloomberg.com/news/articles/2018-01-09/novogratz-is-latest-to-tap-canada-s-junior-bourse-in-crypto-push

The state of your Vancouver Stock Exchange, "The TSX Venture Exchange has hundreds of "zombie" shells that can provide access to listings via reverse takeovers."

Thankfully, a lot of investors that were burned on the set up of these "hundreds" of companies will see a return out of their time wasted, their money wasted (on management teams paying themselves six-figure salaries) and will be pro

My hunch is that this is all going to blow up anyway (cryptocurrencies and marijuana industries).  So it may provide some temporary hope.  

Also, comforting to know that Canadians are paying people not in one but 13 different jurisdictions to "monitor" these zombie entities.