Tuesday, November 6, 2018

How Broken is Canada's Oil and Gas Indusrry?

An excellent financial and political summary of how we arrived at this point of ~C$20/barrel of oil, capital flying out of Canada and no pipeline progress so beholden to the USA refiners. 

https://business.financialpost.com/opinion/ted-morton-another-canadian-oil-company-flees-trudeau-and-notley-for-the-u-s#comments-area

Patronization In Its Highest Form: Liberals Decide to Award Benefits To Veterans...But Not Until 2020 (Yes, After the Election)

Are Canadians this blind and stupid to accept such blatant demeaning behaviour? How do the Liberals justify a patting themselves on the back for this one?

Less than one year away from the Canadian election, the Liberals announce this - that should have been solved early in the Liberals's term.

https://nationalpost.com/news/politics/feds-promise-165-million-in-compensation-after-shortchanging-270000-veterans

Friday, November 2, 2018

Accounting for Cannabis: Biological Assets Accounting Renders Cannabis Producers Revenue Before Being Sold

Investors will have to brush up on accounting standards to fully understand how these companies truly operate.  And also to be prepared for when the negative surprises and writedowns happen.

"“Is cannabis ultimately agriculture? Or is it industrial, biotech, or CPG (consumer packaged goods)?,” Rosen said. “There are all sorts of elements in the cannabis ecosystem”"

https://ca.finance.yahoo.com/news/pot-companies-reporting-profit-unsold-bud-totally-legal-130506269.html Cannabis companies are free to book profit on pot that isn’t finished growing and hasn’t been sold. It’s all above board thanks to an accounting rule traditionally applied to assets like live hogs and grapes still on the vine.

Wednesday, October 31, 2018

LNG: And The Opposition Has Started...

The Green Party and David Suzuki trying to stir up the controversy despite First Nations' blessinfg of this project. 

Commemorative Two Dollar Coin - The End of WW1

For a small nation of eight million people then, Canada punched well above its weight and was a significant and well respected force on the world stage during the First World War.  More than 650,000 Canadians served during the First World War, along with more than 12,000 from Newfoundland and Labrador (later to join Canada).

https://www.newswire.ca/news-releases/royal-canadian-mint-commemorates-the-100th-anniversary-of-the-end-of-the-first-world-war-with-2-armistice-circulation-coin-697584261.html

Are There Waste and Inefficiencies At The Federal Government Level? Ask Any Prior Governor General (I Am Sure Adrienne Clarkson Will Tell You No)

"...which means her expenses show up as a separate line item in the federal government’s public accounts."

Her own line item!?

Thursday, October 25, 2018

Bank of Canada Interest Rate Hike? Why, How?

How the BoC sees the world is beyond many of us. 

For those in the same real estate boat, with mortgage renewals due, the sooner the better to make your choices.  Two year fixed here.

https://business.financialpost.com/investing/david-rosenberg-things-arent-nearly-rosy-as-the-bank-of-canada-believes#comments-area