Statistics Canada: Inflation increases at fastest rate since February 2003
10/20/2021 9:43 AMInflation exceeded the Bank of Canada’s control range for a sixth straight month, worsened by supply chain bottlenecks that are proving stubbornly persistent. The consumer price index rose 4.4 per cent in September from a year earlier, Statistics Canada reported...
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John Catsimatidis: $100 Oil Is Likely
10/19/2021 11:20 AMWith oil prices rallying in recent weeks, it looks like we are going to see $100 a barrel oil, John Catsimatidis, who is active in both the oil and food business, told FOX Business on Monday. “With oil nearly at $84 this morning, we are going to see $100 oil, it looks...
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A North American Battery Supply Chain Emerges and Canada Poised to Become Key Player
10/19/2021 10:49 AMHi all, James Frith here again this week. I want to look at how Canada is re-positioning itself to take advantage of the growing electric vehicle supply chain, after years of overlooking the battery industry. Despite having all of the critical ingredients for...
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More price increases coming to a shelf near you. “We do not anticipate any easing of costs.”
10/19/2021 10:44 AMWhat P&G Said about Soaring Costs, Supply Chain Woes, Inflation, and Trying to Keep Shelves Stocked Procter & Gamble [PG], which makes a broad range of consumer and health-care products, released its quarterly earnings today. Let me give you the short form: Sales up...
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Mark Cuban says that bitcoin will be ‘the safe haven of crypto’ with one ‘huge advantage’
10/19/2021 10:14 AMTo billionaire investor Mark Cuban, bitcoin has a major edge over other cryptocurrencies. It has “a HUGE advantage” in that it has “ZERO competition” as a store of value, Cuban tweeted on Saturday. Cuban even calls bitcoin “the best store of value on the market.” In...
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Is Colorado the Next Zero-Income Tax State?
10/19/2021 10:02 AMThe effort to chisel away at the state income tax has gained steam in the Centennial State. Can voters and Governor Polis pull it off? When an interviewer recently asked Colorado’s Democratic governor Jared Polis what the state’s income-tax rate should be, he answered...
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Constitutional challenge mounted against B.C. vaccine passports
10/19/2021 9:50 AMA constitutional challenge has been filed in BC Supreme Court challenging the province’s COVID-19 vaccine passport system by two women claiming they cannot receive any vaccines. The vaccine card orders “ require the petitioners to choose between their own physical...
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Canada’s ‘tax the rich’ plan leaves big debt risk untouched
10/18/2021 11:14 AMPrime Minister Justin Trudeau's government is set to impose higher taxes on Canadians, which will help fund some campaign promises but are not broad enough to also start paying down the country's record levels of debt, leaving Canada vulnerable to the next economic...
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Quote of the Week & Goofy Award
10/17/2021 2:07 PMQuote of the Week Let's all pretend there are no consequences to the moves governments make. Hint: better no look at energy prices. Goofy Their act never gets old as 25,000 get set to descend on Glasgow for the latest climate fest but few people see what's coming...
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Mike’s Comment – Oct 16th
10/17/2021 1:52 PMYou've got to hand it to the Build Back Better crowd - the fact that they missed every major financial trend of the last 10 years hasn't discouraged them from wanting to "reimagine...
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