Mike's Daily Comment

Forget the politics – there will be plenty of time for the trivial later. We have a major liquidity and credit problem that has been exacerbated by COVID-19 but not caused by it.

Long Before COVID-19, Canada’s Economy Was Sputtering

January marked another dismal month for economic growth.  And it was a self inflicted wound led by the uncertainty caused by blockades and higher taxes.

Canada Doesn’t Have A Rainy Day Fund

But what it does have is the ability to borrow more.  And it’s going to use it – approximately $200 billion more federally and provincially in the next year.

Time For a Lot More Questions

As the pandemic continues new research and new data begs for a far broader discussion and more questions directed at decision makers.

Thanks To Government COVID-19 Is the Last Straw For Many Businesses

Before COVID-19 hit, businesses were reeling from increases to property tax, CPP, minimum wage and the carbon tax, which robbed them of the capital to survive COVID-19 for even a few weeks.

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