Mike’s Comment – July 17th
07/17/2021 10:24 AMIt doesn't matter what party you support - there's one question politicians, media and the public should answer before we get into a federal election...
read more
For Some Politicians It’s Never Enough Tax
07/16/2021 6:03 AMCanada has the third highest marginal tax rates in the world. GST and PST (except Alberta) on everything you buy for your business. Payroll taxes for every employee. A carbon tax on deliveries and transportation and some politicians say it's not...
read more
Canadian New Vehicle Sales Print The Second Worst May In Over Two Decades
07/16/2021 5:51 AMCanadians are suddenly pulling back on their new vehicle buying binge. Statistics Canada (Stat Can) data shows new vehicle sales grew on an annual basis in May. Sadly, it wasn’t because the market was experiencing robust growth. It was due entirely to the base effect...
read more
Revolut confirms a fresh $800M in funding at a $33B valuation to supercharge its financial services superapp
07/16/2021 5:41 AMThe fintech funding continues to roll in at a rapid pace, a result of the huge shift underway in how consumers spend and manage their money. In the latest development, Revolut — the London-based financial “superapp” that provides banking, investing, currency transfer...
read more
‘It’s fine’ to buy Bitcoin as gold substitute, says Trump ex-Treasury Secretary Mnuchin
07/15/2021 6:41 AMWhat seems to be a full reversal on a previously hostile Bitcoin stance is tempered by Mnuchin, who added that he still wouldn’t buy BTC himself. Bitcoin (BTC) may be a “scam” for former United States President Donald Trump, but the former Treasury Secretary appears...
read more
Mark Zuckerberg is trying to bribe influencers by paying $1billion to get back onto Facebook
07/15/2021 6:24 AMIn an effort to make the app cool again, the company is paying influencers $1 billion to use the site. Facebook has announced plans to pay influencers $1 billion to use its products. The programme will run until the end of 2022 in an effort to revive the platform,...
read more
Warning about Doing Business with the Communists in Hong Kong
07/15/2021 6:00 AMWhile Canada sleeps the US recognizes the threat posed by China's Communists' ambitions with a warning that business beware but will they pay attention before it's too...
read more
Schachter’s Eye on Energy – July 14th
07/14/2021 12:48 PMEach week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline &...
read more
Technically Speaking: Bubbles Are Evident After They Pop
07/14/2021 7:21 AMBubbles are evident and only get acknowledged after they pop. Such is because, during the inflation phase of the market bubble, investors rationalize why “this time is different.” We have seen many examples of this rationalization over the last couple of years. Such...
read more
Canada’s Pile Of Household Savings Is Mostly Held By The Rich, And Won’t Be Spent
07/14/2021 6:53 AMCanadians have an epic pile of savings accumulating, but it’s not as big as most economists think. Oxford Economics‘ Tony Stillo took a deep dive into the household savings rate this week. The firm found the gross numbers exaggerate the total that can actually be...
read more
