Wednesday, March 20, 2019

Surprise, Surprise! A Federal Budget For Everyone! Spend, Spend, Spend! More Debt, More Debt, More Debt!

More taxes to come down the road to pay for all of this.  It makes striving to be a teacher or a governemnt worker looking like the only way to "get ahead" in Trudeau terminology with a decent pension at the end of the day rathter being in the private sector and being taxed to pay for Canada's largest employer - Canadian Government.

https://www.bloomberg.com/news/articles/2019-03-19/trudeau-spends-budget-windfall-on-laundry-list-for-voters?srnd=premium-canada

https://business.financialpost.com/news/economy/liberals-leave-themselves-little-wiggle-room-in-the-event-of-a-recession?video_autoplay=true

https://business.financialpost.com/news/economy/this-years-federal-budget-is-built-for-voters-not-business?video_autoplay=true

https://business.financialpost.com/opinion/another-sprawling-unfocused-budget-and-so-little-to-show-for-all-the-red-ink?video_autoplay=true

https://business.financialpost.com/transportation/autos/federal-budget-2019-electric-car-buyers-get-boost-with-5000-incentive-for-consumers-and-tax-write-offs-for-business

https://nationalpost.com/opinion/chris-selley-a-federal-budget-2019-from-a-government-that-has-abandoned-its-poetic-phase?video_autoplay=true

https://nationalpost.com/opinion/andrew-coyne-this-budget-is-a-testament-to-the-pleasures-of-endless-growth-federal-budget-2019?video_autoplay=true

https://nationalpost.com/news/politics/federal-budget-2019-everything-you-need-to-know?video_autoplay=true

https://nationalpost.com/news/politics/jobs-for-dogs-safe-space-regulatory-sandboxes-and-other-curiosities-from-the-2019-federal-budget?video_autoplay=true

https://nationalpost.com/news/politics/liberals-promise-billions-for-dairy-chicken-farmers-affected-by-trade-deals?video_autoplay=true

https://nationalpost.com/news/canada/federal-budget-2019-offers-first-time-home-buyers-a-break-with-1-25-billion-in-mortgage-relief?video_autoplay=true

Tuesday, March 19, 2019

Budget Day for Canada: Let's See What Tricks The Liberals Have Up Their Sleeve to Deflect Attention from SNC, Shipbuilding scandals

With no timeline to pay back Canada's billions of debt, no doubt the Liberals will take today's occasion to promise everything to all Canadians and run up more deficits.  The question is only how much and how patronizing will this budget be.

Thursday, March 14, 2019

Canada's Tax Rates: Are They Helping?

https://www.fraserinstitute.org/studies/canadas-rising-personal-tax-rates-and-falling-tax-competitiveness-2019

Monday, March 11, 2019

Barrick and Newmont Agree to Nevada JV! Hell Has Frozen Over and The Leafs Are Going to Win the Stanley Cup!

After decades of vying for top gold producer status, and conducting M&A almost out of spite, the two rivals have finally decided to tie up what should have been done decades ago.  A bonus for Goldcorp shareholders currently under a bid by Newmont due to synergies going forward.

(The more I watch these stories play out, the more I wonder how much of the script was pre-written)

https://www.barrick.com/English/news/news-details/2019/Barrick-and-Newmont-Forge-Nevada-Joint-Venture-Agreement/default.aspx

Friday, March 8, 2019

Newmont-Goldcorp: Despite Eyeing Eachother Up For Years, Courtship (Due Diligence), Engagement (Approving Deal) and Marriage (Shareholder Vote) All Happened Rapidly

All the deal history can be read in the Management Information Circular released March 7th, 2019.  However, page 62 outlines the rapidity of due diligence, magnified by the time it happened around Christmas/New Year's. 

What was the rush? Newmont CEO Goldberg's upcoming retirement?  Knowledge of an imminent Barrick bid? Something yet to be released by Goldcorp?

We are likely to find out after April 4th - shareholder vote day (writedowns have already been made by Goldcorp).




SNC Lavalin Affair: No Apologies, No Trudeau Tears

http://nationalpost.com/opinion/matt-gurney-trudeaus-contrition-statement-a-bit-light-on-actual-contrition