Friday, July 23, 2021

Is Oil, Or More Importantly, Oil Equities, Finished? (Hint: Is Trudeau a Pipeline Lover?)

 http://www.bnnbloomberg.ca/energy-crisis-ahead-nuttall-makes-case-for-100-oil-1.1631926

"...The demand for oil will grow for at least the next ten years, and yet the fear of peak demand by some, is leading to the reality of peak supply.” said Nuttall. “In terms of the oil price this is a good level to allow OPEC to gradually bring on oil production and to get closer to the exhaustion of their spare capacity by some time next year.”

Nuttall’s bull case for crude prices is based off global super majors like BP Plc and Royal Dutch Shell Plc leaning into renewables, OPEC’s reluctance to drastically boost production, as well as projections that U.S. shale production growth will remain tempered.

“I think we’re entering into an energy crisis in the years ahead, that will result in meaningfully higher oil prices and meaningfully higher oil stock prices as well.” said Nuttall.

Thursday, July 22, 2021

The Sad Perception, Apathy of Bilingualism and Regard for French in Parts of Canada (Ahem BC)

 https://nationalpost.com/opinion/chris-selley-bilingualism-is-the-enemy-of-ottawas-inclusivity-agenda

Housing: Beware the SNLR

Not a Saturday night comedy show but an important listings metric 

https://betterdwelling.com/this-weeks-top-stories-the-canadian-property-bubble-starts-deflating-and-brain-drain-signs-appear/

Reduced Auto Sales (Manufacturing), Bank of Canada Debt Tapering, Migration to Other Provinces/Brain Drain to USA, Households Reaching Maximum Borrowing Limits: Are These Cracks For The Canadian/Ontario Housing Market?

 https://betterdwelling.com/this-weeks-top-stories-the-canadian-property-bubble-starts-deflating-and-brain-drain-signs-appear/

Monday, July 19, 2021

Canada's First Nations: Systemic Racism or Failed, Bad Policies

 "...The reason for this is not “systemic racism.” Canada was underpopulated and if New France had not passed into the hands of the British just before the American colonies seceded from the British Empire, it would have been assimilated into the United States. If the British governor, Sir Guy Carleton, had not succeeded, after four years of lobbying, in gaining adoption of the Québec Act by the British Parliament in 1774, the French Canadians would have accepted the invitation of George Washington and Benjamin Franklin (who was sent packing from Montreal), to join the Americans. In either scenario, the Indigenous Peoples of Canada would have had a much more difficult time with the American government than they have had with Canada. Many natives on American soil sought refuge in Canada including the great Chief Sitting Bull, who defeated the Seventh Cavalry and killed General George Armstrong Custer at the Battle of the Little Bighorn on June 25, 1876 (274 American dead)...."

https://nationalpost.com/opinion/conrad-black-centuries-of-failed-policy-does-not-equal-evil-intent

What it Takes to Be Fired in Canada and How Long for Anti-Christian Comments: Head of BC Liberties Fired Almost Two Weeks Later For "Burn it All Down" Tweet

 http://nationalpost.com/news/head-of-b-c-civil-liberties-group-resigns-following-controversial-tweet/wcm/76cfc72e-6063-43c0-b4fa-2cf51990c569

Tuesday, July 13, 2021

Do Canadians Really Know How the Housing Market Works? You've Heard of the CMHC - Not Such a Good Thing After All

 "...The CMHC was created in 1946 to help Second World War soldiers access affordable mortgages. This was a noble pursuit, however its mandate ballooned to absurd proportions. It now insures mortgages with down payments of less than 20 per cent, thus eliminating lending risk for banks. It also runs a First-Time Home Buyer Incentive Program that not only encourages young Canadians to take on more debt, but gives the federal government a share of new homeowners’ equity. This puts the government in a position where it needs the housing bubble to inflate indefinitely not only to rake in profits, but avert a disastrous scenario where it ends up on the hook for widespread mortgage defaults...."

https://nationalpost.com/opinion/sabrina-maddeaux-the-cmhc-must-be-abolished-before-it-craters-canadas-economy