Saturday, February 23, 2019

NEB Approves Trans Mountain Pipeline: Let's See What Teeth The Liberals, Courts and NEB Have With This Now in Hand

http://nationalpost.com/commodities/energy/national-energy-board-recommends-approval-of-trans-mountain-pipeline-subject-to-16-new-conditions/wcm/e07a690b-2d74-430a-b378-d5d6cb704f53

Friday, February 22, 2019

Why is the Loonie Still Above $0.75 CAD/USD? A Government in Crisis, Denial Mode, Nonsensical Carbon Taxes On The Horizon and Resources Sector In A Shambles By The Liberals Own Doing

http://business.financialpost.com/commodities/crisis-of-our-own-making-regulatory-logjam-has-cost-100b-in-cancelled-resource-projects

Not only along with the Federal Liberals but also at the provincial level in BC and Alberta, Canada and its provinces are shooting itself in the foot....chronically.

Combined with a wishy washy outlook form our dear Bank of Canada Governor Poloz (citing a precarious real estate market, uncertain outlook due to trade agreements/tariffs and the unmentionable effect of carbon taxes - he's an economist, he should know better!), who seems to avoid panicking apathetic, heads in the sand Canadians.

What do the world markets (not) see?  Why does the Loonie maintain its $0.75 CAD/USD trading range?

Why is the Loonie Still Above $0.75 CAD/USD? A Government in Crisis, Denial Mode, Nonsensical Carbon Taxes On The Horizon and Resources Sector In A Shambles By The Liberals Own Doing

http://business.financialpost.com/commodities/crisis-of-our-own-making-regulatory-logjam-has-cost-100b-in-cancelled-resource-projects

Not only along with the Federal Liberals but also at the provincial level in BC and Alberta, Canada and its provinces are shooting itself in the foot....chronically.

Combined with a wishy washy outlook form our dear Bank of Canada Governor Poloz (citing a precarious real estate market, uncertain outlook due to trade agreements/tariffs and the unmentionable effect of carbon taxes - he's an economist, he should know better!), who seems to avoid panicking apathetic, heads in the sand Canadians.

What do the world markets (not) see?  Why does the Loonie maintain its $0.75 CAD/USD trading range?

Tuesday, February 19, 2019

Is "Sunny Ways" Governing Over For Justin?

After the resignation yesterday of Gerald Butts, Trudeau's trusted and sacrificial right hand man,  there is no shortage of negative federal Liberal news. 

As I scroll down the National Post phone app this morning, there are no less than six headlines about he SNC Lavalin affair and how the Liberals have botched the responses, messaging and strategy behind what actually was said between Wilson-Raybould and members of the governing Liberals.

The article that broke this consecutive string was another Liberal related articel titled, "This Photograph (and others) of Harjit Sajjan cost Canadians $161,000".   

How many more gaffes can this government perform before even the most apathetic Canadian voter casts his/her vote elsewhere come October, 2019?

Sunny Ways? Did it ever start?

Finally The Media Has Recognized the "Problem" of Canada's Housing Affordability - And It Is NOT a Supply Issue

https://business.financialpost.com/diane-francis/money-laundering-by-foreigners-is-whats-really-destroying-housing-affordability-in-canada?video_autoplay=true#comments-area

Diane Francis, once again, approaches a topic that sometimes ruffles feathers due to the mere mentions of  "Foreigner" activities and domestic activities. 

Her suggestions are spot on, but of course not exhaustive:

"The disclosure of beneficial owners is a key solution. Otherwise, for example, real estate can be bought by a proxy person or company. Typically, funds come from a trust, managed by a shell company owned by another trust with an account in Luxembourg or Vanuatu, managed by a Swiss or Singaporean banker who doesn’t know the owner. Such arrangements must be illegal. The U.S. Treasury Department now requires beneficial ownership disclosure.

This is what Canada must do to drive out dirty money and get prices in line:

— Create a public registry of beneficial owners, and penalties for non-disclosure;
— Lawyers, real estate agents and notaries must report suspicious owners and transactions, as is now required of banks;
—  Speculation must be stopped by taxing residences that are unoccupied, which will also free up supply; and
— Where real estate prices have soared above affordable levels for locals, bans on foreign ownership should be imposed as has been done in New Zealand, China, Hong Kong, Switzerland, Greece, Hungary, Denmark, Poland and Malta, among others."

For Context: US Debt (And Working The Canadian Numbers)

http://nationalpost.com/news/the-utterly-unbelievable-scale-of-u-s-debt-right-now

Friday, February 15, 2019

For the Federal Liberals, When Does it Stop?

As if the i) SNC Lavalin spin, ii) taken to court in Saskatchewan over the ram-down-Canadians'-throat carbont tax and iii) the Mark Norman/Davie Shipbuilding and hastily retired MP Scott Brison's alledged involvement was not enough, now we have:

1) Trudeau claiming that Wilson-Rayould did not ask of him direction on the SNC Lavalin affair and would still be in her Attorney General position if...MP Scott Brison did not retire, and
2) in order to "change the channel", the Johnny Sunshine announces $40 million handed to Blackberry - a company that has its shares publicly listed on the Toronto Stock Exchange for such purposes - yet the Liberal government decides to hand our tax dollars to this entity. 

What a week!!! When will the final nail in the coffin arrive?