Canada imposes vaccine mandate on federal workers, transportation
10/06/2021 10:01 AMCanada will place unvaccinated federal employees on unpaid leave and require COVID-19 shots for air, train and ship passengers, Prime Minister Justin Trudeau said on Wednesday as he unveiled one of the world's strictest vaccine mandate policies. Federal employees will...
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Canada invokes 1977 pipeline treaty with U.S. over Line 5 dispute
10/05/2021 11:28 AMCanada on Monday invoked a 1977 treaty with the United States to trigger bilateral negotiations over Enbridge Inc's Line 5, escalating a long-running dispute over one of Canada's major oil export pipelines. Line 5 ships 540,000 barrels per day of crude and refined...
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East Vancouver home sells $500,000 over asking price and increases in value almost 10 times since 1996
10/05/2021 11:20 AMIn April 2021, TD chief economist Beata Caranci wrote a paper with an interesting title. It’s called “Canada’s Housing Market and The Big Bang Theory: Occam’s Razor and Schrodinger’s Cat”. In the paper, Caranci makes a number of observations, and one of these is that...
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Canadian trade surplus jumped in August, powered by energy
10/05/2021 10:54 AMCanada’s trade surplus with the rest of the world expanded significantly in August on larger energy exports. The country’s merchandise trade surplus was $1.94 billion (US$1.5 billion) from a revised $736 million surplus in July, Statistics Canada reported Tuesday in...
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Big Fat Idea – Copper!
10/04/2021 1:27 PMClaudia Tournquist of Kodiak Copper joins Mike to share the worldwide supply and demand challenges for copper, the long term bull market it has created, and how investors can take...
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Canadian Real Estate Sees Another Leading Indicator Crash Over 20% From Peak
10/04/2021 11:32 AMThe Canadian real estate slowdown is getting started, as another leading indicator fades. Statistics Canada (Stat Can) data shows building permit values fell in August. Since permits are for future activity, a decline means less building is coming. All the declines...
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The Global Supply Chain Crisis Could Last Until 2023
10/04/2021 10:48 AMGlobal central bankers have been out and about continuing to promote a narrative that inflation is "transitory." We've seen it from the likes of Powell, Lagarde, Bailey, and Kuroda. Logically, these monetary wonks are right, inflation caused by supply chain...
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JPMorgan CEO Jamie Dimon says bitcoin is ‘a little bit of fool’s gold’
10/04/2021 10:01 AMJamie Dimon, JPMorgan Chase chairman and CEO, remains a skeptic of bitcoin, the largest cryptocurrency by market value. “It’s got no intrinsic value. And regulators are going to regulate the h--- out of it,” Dimon recently told Axios CEO Jim VandeHei. Dimon said that...
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Canadians can’t shake their thirst for debt: Poll
10/04/2021 9:49 AMIt’s been roughly 20 months since borrowing costs were slashed drastically at the onset of the COVID-19 pandemic, but a newly released poll is providing fresh evidence that Canadians are still binging on cheap money. According to the latest MNP Consumer Debt Index, 58...
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Quote of the Week & Goofy Award
10/03/2021 4:46 PMQuote of the Week The popular and controversial Gad Saad on the seeds of society's destruction. Goofy Relax - with the release of the two Michaels the government says "it's eyes are wide open" when it comes to the Communist government in...
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