May 21st Episode
05/21/2022 7:26 AMBig government costs and Mike talks about the latest tax to pay for it. Canada's refinery problem is the driver of record gas and diesel prices - and there is no end in sight. Ozzie talks about Xi Jinping's latest edict that could spell big trouble for Canadian real...
What is Inflation?
05/19/2022 8:18 AMIt's been almost 40 years since the world has experienced inflation the way we are experiencing it now. Today, rising inflation poses a severe risk to people's financial future. But what causes inflation? And how will it affect your wealth? Our good friend Neil McIver...
Quote of the Week, Shocking Stat & Goofy Award
05/15/2022 12:08 PMQuote of the Week Hayman Capital's Kyle Bass says he had enough of one American's most recognizable companies helping out the Communists in China. Shocking Stat You know the markets are down but we bet you can't guess how much has been lost in the current...
Mike’s Comment
05/15/2022 11:59 AMJagmeet Singh's tragic take on the energy crisis guarantees it will continue - $2.50 gas...
May 14th Episode
05/14/2022 7:20 AMMike wonders why some politicians have learned nothing from the current energy crisis. True North News founder Candice Malcolm on the new divisions in Canada. Plus Inflation at 6.7% - Ozzie says it's not even close if we're talking rents. And the Goofy Award features...
Helping with Special Olympics Golf Tournament
05/13/2022 11:02 AMAs Chair of the Special Olympics Golf Tournament, which takes place on June 21st, I'm hoping you can help out by clicking here to make a donation - every little bit helps. In addition, I’m hoping that individuals and businesses might also consider donating quality...
Quote of the Week, Shocking Stat & Goofy Award
05/08/2022 12:40 PMQuote of the Week Peggy Noonan weighs in on what's different about the abortion debate - and it's not going away. Shocking Stat Finally some concern about those on the edge of starvation - it's shocking how many. Goofy Award Some people won't rest until there's a gag...
Mike’s Comment
05/08/2022 12:32 PMWhat's behind the biggest spike in our cost of living in over 30 years. Hint: it's not greedy corporations or companies trying to make up for lost Covid...
May 7th Episode
05/07/2022 7:17 AMVision Capital's real estate fund has never had a down year. You'll know why after listening to Jeff Olin. Plus is central bank gold buying a big deal? Top analyst Martin Murenbeeld weighs in. The US borrows from Orwell's 1984 to create its own version of "The...
Help with Special Olympics Golf Tournament
05/06/2022 1:39 PMAs Chair of the Special Olympics Golf Tournament, which takes place on June 21st, I'm asking individuals and businesses if they’re able to purchase a $1,500 Tee Sponsorship (which includes your signage on a hole and is 100% business expense deductible). In addition,...
Quote of the Week, Shocking Stat & Goofy Award
05/01/2022 2:37 PMQuote of the Week They didn't plan for record high inflation, fertilizer shortages or record high energy prices but don't be surprised given the surprising admission as to how decisions are made. Shocking Stat Elon Musk's purchase of Twitter has the establishment...
Mike’s Comment
05/01/2022 2:29 PMThe amazing, breathtaking, shocking blindspot in the knockdown drag out fight between free speech and censorship. Elon knows which side he's on. How about...
Big Picture Trading
04/30/2022 7:25 AMTrade like a pro - even if you aren't one. Get the 14 Day Free Trial. Big Picture Trading is an educational and mentoring service for traders. Specifically, for traders who want to learn and apply asymmetric strategies to potentially generate BIG profits by taking...
April 30th Episode
04/30/2022 7:20 AMOh no - they're after the tax exemption on your home again. The quote of the week confirms our greatest fears about how key financial decisions are made. The goofy features the latest on the trifecta of false stories about the Truckers Convoy. Big Picture Trading's...
Two Canadian banks lend $1.46 billion to Musk for Twitter acquisition
04/28/2022 10:44 AMFollowing news that Elon Musk will acquire Twitter in a deal valued at $44 billion USD (about $56 billion CAD), it has been reported that the Royal Bank of Canada and the Canadian Imperial Bank of Commerce are aiding the purchase, at least in some capacity. According...
Quote of the Week & Shocking Stat
04/26/2022 10:38 AMQuote of the Week Tribal politics have undermined public health professionals, and led to a failure of trust that will be difficult to re-build. Goofy Award Accountability is nowhere in sight for advocates of killing off the fossil fuel industry immediately,...
Shocking Stat of the Week
04/26/2022 10:22 AMDeclining currencies valuations in emerging markets (i.e. Lebanon down 91% against the US dollar) is causing massive impact on the cost of commodities like food and energy. And the next step, default on $US denominated...
Mike’s Comment
04/24/2022 2:48 PMMike takes our leaders to task on their economic ignorance, or perhaps more telling, their dismissal of the financial impacts for the average...
April 23rd Show Now Available
04/22/2022 11:27 PMSome big name stock prices have been cut in half! Top trader, Tyler Bollhorn, tells you how to know whether to buy or run for cover. Jason Weber makes the case for silver, the shocking stat reveals what keeps Mike up at night, and you won't hear this quote by a famed...
On Tomorrow’s Show – Painful Investing Lessons
04/22/2022 3:27 PMMike is always happy to share some of the painful lessons he's learned over the years, but Tyler Bollhorn has gone a step further and actually codified the processes that lead to bad decisions, and by the same token, what you need to do to make good investing choices....
Quote of the Week, Shocking Stat & Goofy Award
04/17/2022 12:03 PMQuote of the Week The silencing of medical experts who disagreed with the government Covid narrative was one of the most prominent the pandemic coverage and it just took a shocking turn for the worst. Shocking Stat It's the key aspect for your personal finances of...
Mike’s Comment
04/17/2022 11:56 AMTens of thousands of words written and broadcast on the federal budget but nothing on the one aspect that could save us taxpayers billions and eliminate the need for tax...
April 16th Show Now Available
04/16/2022 7:22 AMIs it too late to make money in oil, copper and other commodities? One of the most celebrated market timers in the business, Mark Leibovit will surprise you with his answer. Tim Cestnick drops by with some timely tax tips. Plus a shocking escalation in the censorship...
Exclusive Special Offer – 50% Off VR Metals Newsletter
04/15/2022 2:53 PMMike has arranged with Mark Leibovit's team to offer our listeners an incredible 50% off the monthly subscription price of his award winning VR Metals newsletter PLUS 50% off Mark's famous Annual Forecast Report. Take advantage of this incredible opportunity today....
Coming Up on Tomorrow’s Show
04/15/2022 12:46 PMWith tax deadline approaching we're pleased to get our favourite expert Tim Cestnick back on the show, you'll want to know about the latest changes announced in the recent federal budget. Plus metals with market timer of the year Mark Leibovit, Kyle Green on what to...
Quote of the Week, Shocking Stat & Goofy Award
04/10/2022 7:49 AMQuote of the Week The alarm went off 10 years too late. 50 years after Nixon went to China - it's clear that increased trade with China didn't lead to a less authoritarian state - on the contrary it financed it. Shocking Stat For 2 years we were told to be worried...
Mike’s Comment
04/10/2022 7:39 AMSome mistakes are worse than others - and then there are shortsighted/unrealistic green energy policies that have sent energy prices sky high - and we made things worse by nixing the one approach that could have saved...
April 9th Episode
04/09/2022 7:24 AMBuckle up - Mike on the mistake that never stops hurting. Ozzie on the changes to real estate in the Federal Budget. Victor Adair on the former head of the New York Federal Reserve's blunt warning about your stocks. And the fall-out from freezing the Truckers' bank...
$3 billion LNG project could be a first for First Nations
04/06/2022 12:23 PMShould a new $3 billion liquefied natural gas plant in Kitimat now making its way through the BC Environmental Assessment process be approved by regulators and investors, it would be a world first. The Cedar LNG facility would not only be the largest major industrial...
Greater Vancouver home prices up 3.6 per cent in March, from February
04/05/2022 11:55 AMGreater Vancouver home prices continued to soar in March, according to Real Estate Board of Greater Vancouver (REBGV) data released today. The region's benchmark home price rose to $1,360,500 in March, up 20.7 per cent from March 2021, and 3.6 per cent from February,...
Trading Desk Notes For April 2, 2022
04/04/2022 10:13 AMThe Fed is finally ready to roll After much hesitation, the Fed is signalling that it will raise interest rates aggressively over the next several months. Here’s what the market expects from the Fed (h/t to The Macrotourist): The Chicago Mercantile Exchange futures...
Quote of the Week, Shocking Stat & Goofy Award
04/03/2022 12:15 PMQuote of the Week One of Canada's most respected economist's road map to balancing the budget without tax increases. The only problem is that politicians love taxes. Shocking Stat No wonder politicians and their climate allies don't want to talk about the resources...
Mike’s Comment
04/03/2022 12:07 PMLack of accountability of the political class guarantees more bad decisions of the magnitude that produced a 40 year high in inflation, record energy prices and the most dangerous geopolitical situation in a...
April 2nd Episode
04/02/2022 7:23 AMThe first realistic discussion on healthcare in 2 years. Paul Beatty's GT Global was up 6% in March alone and says the opportunities due to the Russian sanctions promise more to come. Ozzie on the change in the mortgage market and a stat that will shock you on...
Russia is on pace to rake in $321 billion from energy exports this year as trade partners continue buying its oil and gas
04/01/2022 11:58 AMRussia is on track to make $321 billion from energy exports in 2022 if trading partners keep buying its oil and gas, according to a Bloomberg analysis Friday. An energy embargo by the EU, the UK, and the US could cost Russia as much as $300 billion in export receipts....
B.C. strata turns off power on electric vehicle owner
03/30/2022 11:40 AMA Vancouver strata owner who charged his electric vehicle (EV) using a parking stall outlet won’t be allowed to do that anymore. That’s the decision from B.C.’s Civil Resolution Tribunal, which said March 24 that Ian Wong saw power turned off to the outlet by his...
B.C. Human Rights Commissioner calls on Dr. Henry to restore mask mandate
03/29/2022 12:07 PMB.C.’s human rights commissioner has written Dr. Bonnie Henry, suggesting it was too soon to lift the province’s mask mandate. “Lifting the mask mandate will do disproportionate harm to those who are already marginalized, forcing many to withdraw from activities of...
Big Fat Idea – Metals & Mining Markets
03/28/2022 1:11 PMMark Brown, president of private equity firm Pacific Opportunities Capital, and Chairman of Alianza Minerals and Avrupa Minerals, joins Mike to talk about spiraling metals prices, production and reserve challenges, and identifying good potential companies in the...
Trading Desk Notes For March 26, 2022
03/28/2022 1:07 PMInterest rates are surging higher American interest rates hit All-Time Lows in August 2020. Short rates stayed close to zero for the next fifteen months while mid-term and especially long-term bond yields rose (prices fell.) In October 2021, forward markets for...
Quote of the Week, Shocking Stat & Goofy Award
03/27/2022 12:10 PMQuote of the Week Two medical experts testify in front of the Commons Health Committee. Hint: they're not impressed with vaccine mandates. Shocking Stat The debate over oil production could use a dose of reality and this stat , which you rarely...if ever hear, will...
Mike Comment – March 26th
03/27/2022 11:58 AMGovernments around the Western World do a shocking 180 when it comes to fossil fuel consumption while pushing inflation higher at the same...
March 26th Episode
03/26/2022 7:23 AMMike wonders is this the all time greatest political flip flop? Ace journalist Sam Coopers frightening look into Chinese gangs, fentanyl and money laundering in Canada with direct links to the Communists in China...way bigger than you think. The big jump in interest...
Government to cut cheques to B.C. drivers for high gas price
03/25/2022 11:22 AMB.C. drivers will get $110 in ICBC rebates in May to help them cope with high gasoline prices. Commercial ICBC insurance holders will get a $165 rebate. Premier John Horgan and Solicitor General Mike Farnworth announced the one-time rebates Friday to help British...
Schachter’s Eye on Energy for March 24
03/24/2022 11:55 AMEach week Josef Schachter gives 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 &...
Canada ‘fairly close’ to a debt crisis, warns Magna founder Frank Stronach
03/24/2022 10:21 AMFrank Stronach, founder of one of Canada’s largest global companies, says the country is “fairly close” to a public debt crisis and Canadians need to force politicians to rein in spending. The Magna International Inc founder was speaking on BNN Bloomberg Wednesday...
Pre-construction on Woodfibre LNG to start this year
03/23/2022 11:21 AMThe Singapore-based company bankrolling the $1.6 billion Woodfibre LNG plans to spend US$500 million this year on the Squamish based project. In an update to mayor and council in Squamish Tuesday, Woodfibre LNG’s new CEO, Christine Kennedy, said the company behind the...
Investors shun bitcoin and opt for value stocks to hedge decades-high inflation, according to new survey
03/22/2022 2:18 PMIn the current high-inflation environment, investors are picking value stocks over bitcoin, according to a new survey. Based on results from 900 investors surveyed by Bloomberg Markets Live, value stocks were ranked as the best inflation hedge with 35% of the vote....
Trading Desk Notes For March 19, 2022
03/21/2022 12:16 PMThe best weekly equity market rally in two years was “setup” by extremely negative sentiment The Vanguard Total Stock Market ETF (VTI) had its lowest weekly close in nearly a year last Friday – down ~14% from January’s All-Time Highs. In last week’s TD Notes, I...
Quote of the Week, Shocking Stat & Goofy Award
03/21/2022 10:24 AMQuote of the Week A rare perspective - make that understanding in the mainstream media - from Newsweek's deputy opinion editor on our elites constant attack on the poor. Shocking Stat of the Week You will be shocked at how little time the major tv networks spent on...
Mike’s Weekly Comment
03/21/2022 10:08 AMDoomberg calls our climate policy "a special kind of stupid." - Harsh? maybe - Accurate? what we're seeing right now points to...
Post-Pandemic Stock Opportunities – Upcoming Events
03/19/2022 7:34 AMRyan Irvine and Aaron Dunn are hosting their very popular live online event series on March 29th and April 5th. They will identify new opportunities for 2022 and beyond, the Stealth Tech crash, portfolio building plans and much more. These events sell out so don't...
March 19th Episode
03/19/2022 7:23 AMMike on the "special kind of stupid of climate policy." Keystone's Ryan Irvine on what 25 business told him to look out for. Victor Adair on the serious liquidity problems in commodities and a Truckers Convoy Goofy Award that can't be...
B.C. economy cooling quickly as labour shortages squeeze growth: TD
03/18/2022 3:39 PMThere was little expectation going into 2022 that B.C. would be able to maintain last year’s surge of economic growth following in the wake of initial pandemic paralysis. But the province now appears to have become a “victim of its own success,” according to TD...
Canada’s inflation rate hits a three-decade high
03/17/2022 11:24 AMRising prices: Canada’s inflation rate hit a new three-decade high in February, adding pressure on the Bank of Canada to raise rates, the Globe reports. The Consumer Price Index (CPI) rose 5.7 per cent in February from a year earlier, up from 5.1 per cent in January,...
Schachter’s Eye on Energy for March 16
03/16/2022 12:19 PMEach week Josef Schachter gives 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 &...
Trading Desk Notes For March 12, 2022
03/15/2022 12:41 PMThe inevitable consequences of soaring commodity prices In last week’s Notes, I wrote: “There are always unexpected consequences. Somewhere in the world, there is a massive “short commodity” position that may “blow up” as a result of soaring commodity prices – causing...
Russians try to sell Big Macs for around $36 each and a McDonald’s paper bag for more than $300, following the closure of branches
03/14/2022 1:56 PMRussians are attempting to sell McDonald's menu items online at highly inflated prices, following the closure of more than 800 restaurants in the country. Insider viewed multiple listings on Avito, a Russian classified-ads website, which offered products including Big...
March 12th Episode
03/12/2022 8:22 AMIt's a dollar crash - housing, gas, food - "my dollar just doesn't buy as much any more." Welcome to the monetary crisis. Mike brings in top analyst Luke Gromen to protect you. Plus Plurilock's Ian Paterson on cyber security and Ozzie on the government's attack on...
Canadian dollar outperforms G10 peers on jobs surge
03/11/2022 3:49 PM* Canadian dollar strengthens 0.2% against the greenback * Canada adds 336,600 jobs in February * Price of U.S. oil settles 3.1% higher * Canadian 10-year yield touches a 3-year high at 2.006% The Canadian dollar strengthened against its broadly stronger U.S....
Gold-backed cryptos are shining in 2022, market cap hits $1B for the first time
03/10/2022 11:52 AMThe market capitalization of gold-backed crypto tokens increased by 60% in 2022 to surpass $1 billion for the first time in history, according to Arcane Research in its latest weekly report. Gold shines, Bitcoin disappoints In 2022, investors have been rushing to the...
Schachter’s Eye on Energy for March 9
03/09/2022 12:28 PMEach week Josef Schachter gives 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 &...
Oil Prices Crash By 11% As UAE Calls On OPEC To Open The Taps
03/09/2022 11:59 AMUAE Ambassador to Washington says his country favours production increases and will encourage OPEC to consider higher production levels. The UAE marks the first OPEC+ member to call for more production. Brent crude has dropped more than $15 per barrel as traders have...
Alberta temporarily drops 13-cent-a-litre gas tax April 1 to provide some relief at the pumps
03/07/2022 3:31 PMThe Alberta government is temporarily ending the collection of its 13-cent-a-litre gas tax as of April 1 in an attempt to help Albertans dealing with increasing fuel costs. Premier Jason Kenney announced Monday that the fuel tax, which covers both gasoline and diesel,...
A majority of Vancouver residents ready to see COVID restrictions lifted by spring break: poll
03/07/2022 1:27 PMShould we keep masking up and showing vaccine passports in B.C. as we head into mid-March and spring break? Vancouver residents seem ready to ditch the province's remaining pandemic-related restrictions, according to a recent V.I.A. poll, which found that 44.55% of...
Falcon slams NDP for high gasoline tax, housing prices
03/07/2022 12:30 PMKevin Falcon, new leader of the BC Liberal Party, laid into BC NDP government policies today – from gasoline taxes to housing initiatives – that he said are making it hard for ordinary British Columbians to get by. B.C., especially Vancouver, has been seeing...
Oil Prices Break $130 As EU And U.S. Allies Consider Ban On Russian Crude
03/07/2022 12:06 PMThe United States has confirmed that it is in talks with European allies to potentially sanction Russian crude oil in response to Moscow's ongoing aggression in Ukraine, sending oil prices briefly above $130. US Secretary of State Antony Blinken noted on Sunday during...
Quote of the Week, Shocking Stat & Goofy Award
03/06/2022 10:23 AMQuote of the Week Time Magazine named Michael Schellenberger Hero of the Environment but he won't make any friends with his blunt assessment of how Europe became so dependent on Putin's oil and gas. Shocking Stat German and EU dependence on Russia for natural gas,...
Mike’s Comment – Mar 5th
03/06/2022 10:14 AMDo you like $2 a litre gas because it was inevitable once we substituted virtue signaling for critical thinking on the climate file. Note: record gasoline, coal and natural gas prices were with us well before the Ukraine...
Mike and Ozzie’s Polar Plunge – Video Proof! Brrrrr
03/05/2022 8:45 AMMy wish - if everyone who listens to MoneyTalks and follows us on social media donates just $20 (or more) we’ll make a massive difference. Most people don’t see it as their problem, so they don’t get around to it, but my experience is that many in the MoneyTalks...
Add to Your Portfolio – Two Real Estate Opportunities
03/05/2022 8:42 AMOne of the most popular workshops at this year's World Outlook Financial Conference was Justin Smith's recommendations for how to add private real estate investments to your portfolio in 2022. With Justin's appearance on today's show we've pulled that presentation out...
March 5th Episode
03/05/2022 8:22 AMTwo words - Greg Weldon. In the interview of the year, one of the world's top macro analysts talks about the misunderstood, ignored and historic financial fall-out from the Ukraine invasion - and how you can protect yourself. Plus Ozzie on the major change in the real...
Oil Rallies As White House Considers Ban On Russian Oil Imports
03/04/2022 4:45 PMWTI crude rose 7% following the news that the White House is considering a ban on the import of Russian crude oil. On Thursday, the White House had tersely dismissed the idea of banning Russian crude oil imports. On Friday afternoon, the White House’s take on banning...
Kremlin staff didn’t expect Putin to invade Ukraine and were shocked by the severity of Western sanctions, report says
03/04/2022 1:01 PMKremlin officials told the Russian outlet Agency they didn't know Putin was going to invade Ukraine. Sources said the Kremlin prepared for smaller sanctions over its recognition of Luhansk and Donetsk. "Everything is fucked," a source close to Putin's administration...
No gas-tax relief ahead for British Columbians facing skyrocketing prices: Horgan
03/04/2022 12:28 PMPremier John Horgan said Thursday that taxes on gasoline won’t be changing anytime soon amid surging prices brought on by Russia’s invasion of Ukraine. His position echoed that of B.C. Energy Minister Bruce Ralston, who said earlier in the week the province would not...
Vancouver’s most expensive condo goes on the market for $49m
03/03/2022 1:22 PMIn what is considered the largest and most expensive oceanfront condominium currently listed in Vancouver, a penthouse at the Three Harbour Green in Coal Harbour has just hit the market at an asking price of $49 million. Listing agency is Macdonald Realty of...
Ukraine will soon announce NFTs to support its defense against Putin’s forces as crypto donations to the country surge past $50 million
03/03/2022 12:46 PMUkraine said it will soon announce NFTs as part of its crypto fundraising efforts. The country has already raised more than $50 million in crypto to help its armed forces against Russia. In announcing the NFTs, Ukraine canceled a planned crypto airdrop. Ukraine's vice...
Most Canadians say Canada should back Ukraine against Russia: poll
03/03/2022 12:29 PMThe past couple of weeks have given Canadians an opportunity to follow an international story that is not related to the COVID-19 pandemic or to political theatre in the United States. Russia’s invasion of Ukraine, which began on February 24, has compelled Canadians...
Schachter’s Eye on Energy for March 2
03/02/2022 2:36 PMEach week Josef Schachter gives 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 &...
BoC hikes key rate, revises inflation forecast
03/02/2022 1:03 PMOTTAWA - The Bank of Canada has raised its key interest rate for the first time since slashing the benchmark rate to near-zero at the start of the COVID-19 pandemic, in a bid to tackle inflation rates that are likely to keep rising from their current three-decade...
FIFA suspends Russia from World Cup, UEFA throws teams out of European competition
03/01/2022 12:28 PMRussia have been kicked out of the 2022 World Cup in Qatar by FIFA after the world governing body and the European association, UEFA, issued a joint statement to confirm that all Russian national teams and clubs have been suspended until further notice following the...
This futuristic $22 million Vancouver house for sale looks like something out of Star Trek
03/01/2022 12:05 PMIf this hasn't been used as the home of some Admiral in a Star Trek film, then a location scout ought to be looking into it now. While the home at 2606 Marine Drive looks like it could be located in San Francisco in 2365, it's actually in present-day Vancouver in the...
War disrupts forestry markets
03/01/2022 11:41 AMA sudden increased global demand and higher prices for Canadian logs, lumber, pulp and wood pellets could result from a dramatic disruption in wood markets, due to Russia’s invasion of Ukraine. The Western world has moved with swift and dramatic sanctions against...
Canada Bans Russian Oil Imports In Symbolic Gesture
03/01/2022 11:26 AMCanada, which has not imported any Russian oil in three years, has made a symbolic gesture in banning these same imports this week, Prime Minister Justin Trudeau said. “While Canada has imported very little amounts [of crude oil] in recent years, this measure sends a...
TD Bank just made its biggest acquisition ever
02/28/2022 2:27 PMTD Bank just made its biggest acquisition ever, despite the volatility rocking U.S. markets. The bank is paying $13.4 billion for Memphis-based First Horizon, in an all-cash deal valuing the shares at $25.00, to establish a presence in the Southeast. First Horizon has...
Trading Desk Notes For February 26, 2022
02/28/2022 2:01 PMThe Russian Blitzkrieg invasion of Ukraine initiated DRAMATIC surges and reversals across markets The S+P plunged to a 9-month low early Thursday morning (down ~15% from January All-Time Highs) but then rallied hard into Friday’s close. The DJI tumbled and bounced...
Quote of the Week, Shocking Stat & Goofy Award – Feb 26th
02/27/2022 11:58 AMQuote of the Week Finally, a leading experts who advised the UK government's pandemic response admits what we've been saying all along about the lockdowns - and took a lot of flack for it. Shocking Stat of the Week I know, we'll bring Russia in line with...
Mike’s Comment – Feb 26th
02/27/2022 11:47 AMThe most surprising aspects of the Truckers Convoy? That's easy...no one saw it coming. Plus when it comes to Russia why the West is ready to talk tough but will be challenged to follow...
February 26th Episode
02/26/2022 8:22 AMTruckers, Ukraine, gold, oil, stocks... you name it we got it on this week's show. Plus one of the best interviews on your taxes you'll ever hear with Tim Cestnick. The quote of the week is a shocking admission about COVID lockdowns from an epidemiologist directly...
B.C. government adds red tape to Trans Mountain
02/25/2022 2:14 PMThe Trans Mountain pipeline expansion, which is on track to cost nearly $9 billion more than it was last estimated to cost, may now face yet more red tape that could add more costs and delays. This week, George Heyman, the B.C. minister of Environment and Climate...
Russia’s attack on Ukraine disrupts supply chains; may spike shipping costs
02/25/2022 12:38 PMThe outbreak of war between Russia and the Ukraine this week will not have major implications on the global supply chain outside of one potential item – shipping costs. That is the assessment of one leading analyst, who noted that while he does not expect any large...
China Moves To Restrict Financing For Russian Commodities
02/25/2022 11:39 AMAccording to Bloomberg, the Industrial and Commercial Bank of China (ICBC) has ceased the issuance of dollar-denominated letters of credit for physical Russian commodities purchases. Beijing’s move is an apparent attempt to comply with U.S. and European sanctions. On...
Quote of the Day
02/24/2022 2:03 PM"Most EU leaders, even the ones in the East who grasp the danger Putin represents, are a generation removed from confrontation and conflict. They are vegetarians in a steakhouse, wondering why there's no salad on the menu." Garry Kasparov, Chair Human Rights...
Schachter’s Eye on Energy for February 24
02/24/2022 1:36 PMEach week Josef Schachter gives 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 &...
Map Explainer: Key Facts About Ukraine
02/24/2022 1:14 PMThe modern state of Ukraine was formed nearly 30 years ago after the collapse of the Soviet Union in 1991. Since then, the country has often made headlines due to political instability and the looming threat of a Russian invasion. In the map graphic above, we examine...
Gold price blasts to 15-month peak as war returns to Europe
02/24/2022 11:41 AMGold blasted to its highest since 2020 after Russian forces attacked targets across Ukraine, triggering the worst security crisis in Europe since World War II and further crushing risk sentiment across the global markets. The move sparked a flight to haven assets,...
B.C. home price $685,000 higher than any other western province
02/23/2022 1:27 PMThe average home price in British Columbia has increased 23.5% in the past year to top $1 million for the first time, according to the BC Real Estate Association (BCREA), despite total sales in January falling nearly 15% from a year earlier. To put this in...
The case for bitcoin as ‘digital gold’ is falling apart
02/23/2022 12:09 PMA key investment case for bitcoin is deteriorating as geopolitical uncertainty and rising inflation hammer cryptocurrency prices. The price of bitcoin fell to a two-week low Tuesday after Russian President Vladimir Putin ordered troops into Donetsk and Luhansk, two...
Russia Vows A “Strong Response” To The First Tranche Of U.S. Sanctions
02/23/2022 11:51 AMThis week, the West has pushed out a coordinated effort to punish Russia following its move into separatist territories in Ukraine. Moscow is now vowing a “strong” and “well-calibrated” response to the West’s actions. Ukraine took a series of steps on February 23 to...
Quote of the Day
02/23/2022 11:18 AM'In December 2020 Mr. Trudeau chided India for its police response to farmers’ blockades of Delhi. “Let me remind you,” he said, “Canada will always be there to defend the right of peaceful protest.” Mr. Trudeau prattles on about rights half a world away but won’t...
Quote of the Day
02/23/2022 11:12 AM“First the Canadian government threw science and the basic principles of public health out the window. Now they are throwing democracy and the basic principles of human rights out the window.” Martin Kulldorff, Epidemiologist. Biostatistician. Professor of medicine,...
Crypto journalist says she uncovered the identity of the 2016 DAO hacker who stole $11 billion in ether
02/22/2022 1:01 PMA new book may have revealed the identity of the mastermind behind the infamous 2016 hack of a crypto collective called TheDAO. In her book, "The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze," journalist Laura Shin believes...
Russia’s Recognition Of Ukrainian Republics Reverberates Around The Region
02/22/2022 11:58 AMOn Monday night, Russia formally recognized the independence of Donetsk and Luhansk, a move that sparked stark reactions around the region. The Caucasus has a large concentration of post-Soviet breakaway states and Russia has already recognized some of them such as...
Trading Desk Notes For February 19, 2022
02/22/2022 2:05 AMInterest rates have steadied after surging higher since November The Dec 2022 Eurodollar futures contract closed red for 11 consecutive weeks but finally closed green this week as the relentless surge in short-term interest rates took a breather. (Eurodollar futures...
Market Trends with Martin Straith
02/20/2022 3:27 PMMartin Straith on the need to protect your investments...now.
Quote of the Week, Shocking Stat & Goofy Award
02/20/2022 10:46 AMQuote of the Week Question: when will the media and the rest of us recognize that the old left/right paradigm doesn't fit. Shocking Stat of the Week Remember all those declarations about the end of oil demand - this week's shocking stat is a reminder of how utterly...
Justified or Overkill – On the Emergencies Act
02/20/2022 10:33 AMMichael is joined by the Noa Mendelsohn Aviv, executive director of the Canadian Civil Liberties Association to discuss the sweeping scope of this Act that bypasses most democratic...
Mike’s Comment – Feb 19th
02/20/2022 10:25 AMWhether it's climate change, the COVID response or the Truckers' Convoy - the government's attitude has been crystal clear - only low lifes and deplorables would question...
February 19th Episode
02/19/2022 8:21 AMIs the Emergencies Act justified or overkill? Join Mike tomorrow in conversation with the Executive Director of the non-partisan Canadian Civil Liberties Association. Plus a deep dive into the the impact of Ukraine/Russia confrontation on business and trade with the...
Feds say no more funding for Trans Mountain expansion as project costs nearly double
02/18/2022 12:21 PMCALGARY — The federal government said Friday it will not put more money toward the Trans Mountain pipeline expansion in spite of a newly disclosed price tag for the project that comes in 70 per cent higher than expected. Deputy Prime Minister Chrystia Freeland said...
Coastal GasLink workers violently attacked
02/18/2022 11:42 AMA Coastal GasLink work camp near Houston, B.C. is now a crime scene, following an early morning attack on workers yesterday involving an estimated 20 masked, axe-wielding assailants, who threatened workers, hacked up vehicles and caused millions of dollars in damage...
Trading Desk Notes For February 12, 2022
02/16/2022 1:13 PMInterest rates rocket higher Interest rates have been climbing steadily since early December but rocketed higher this week on the one-two punch of surging CPI and a call from St. Louis Fed President Bullard for the Fed to “immediately” take aggressive hawkish action....
Bitcoin price circles $44K as analyst asks, ‘Who remains to sell here?’
02/16/2022 1:02 PMBitcoin (BTC) broadly held levels at $44,000 and above on Feb. 16 amid fresh optimism that another macro low would be avoided. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rebounding after an overnight dip to $43,725 on Bitstamp. In a tightening...
Schachter’s Eye on Energy for February 16
02/16/2022 11:35 AMEach week Josef Schachter gives 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 &...
Stat of the Day
02/15/2022 1:56 PMInvestment lesson/warning: Twitter's sales have grown from $535 million at its IPO in 2013 to over $5 billion today. But its stock is 20% below its 1st day close in 2013. What happened? Investors were paying 41x sales at its IPO and 6x sales today. Lesson -- the price...
Before you make another comment on COVID, read this by Dr. Vinay Prasad, Master of Public Health, Assoc Prof, Department of Epidemiology and Biostatistics at U of C San Francisco, practising oncologist
02/15/2022 1:38 PMThe main federal agency guiding America’s pandemic policy is the U.S. Centers for Disease Control, which sets widely adopted policies on masking, vaccination, distancing, and other mitigation efforts to slow the spread of COVID and ensure the virus is less morbid when...
Russia And China Ink Huge Oil Deals As Ukraine Tensions Soar
02/15/2022 1:17 PMMoscow’s state-owned oil giant, Rosneft, signed a US$80 billion 10-year deal to supply the China National Petroleum Corporation (CNPC) with 100 million metric tonnes of oil. This increase in crude oil delivery volumes and mechanisms to China is part of a broad-based...
“Is this necessary?” Calls grow to end BC’s vaccine passport system
02/15/2022 12:14 PMSome British Columbians say the vaccine card program isn’t necessary anymore in BC. Dr. Kevin McLeod, an internist who treats COVID-19 patients at North Vancouver’s Lion’s Gate Hospital, took to social media this month to voice his view on the passports. “Vaccine...
Quote of the Day
02/15/2022 11:59 AM“The federal government has not met the threshold necessary to invoke the Emergencies Act. This law creates a high and clear standard for good reason: the Act allows government to bypass ordinary democratic processes. This standard has not been met... Governments...
Metro Vancouver gas prices smashed the all-time record high. Here’s what to expect now
02/14/2022 1:39 PMMetro Vancouver gas prices reached an all-time record high this weekend. On Sunday (Feb.13), several outlets in the region were selling gas for 180.9 cents per litre, which broke the previous record of 176.9 cents set on Feb. 6. Dan McTeague, the President of...
Quote of the Day
02/14/2022 1:19 PMAs you watch the "Emergencies Act" - the most illiberal of policies - being proclaimed, consider that the Prime Minister acknowledged the divisive consequences of instituting vaccine mandates. Yet according to two Liberal MPs, implementing the profoundly divisive...
Stat of the Day
02/14/2022 1:14 PM40% of the US public doesn’t have $1,000 in savings. This is why inflation is a political problem for the Biden Administration with mid-terms in November, which in turn pressures the Fed to focus on inflation with aggressive rate hikes rather than worry about the...
Quote of the Week, Shocking Stat & Goofy Award
02/13/2022 11:47 AMQuote of the Week Is the "Great Reset" of increased government intervention and regulation a conspiracy theory? For the answer let's go to the source. Shocking Stat Worried about accountability in government's handling of the pandemic? Well don't - this week's...
Mike’s Comment – Feb 12th
02/13/2022 11:32 AMA Liberal MP from Quebec says government's instant divisive response to the Truckers' Convoy is by design - but at what cost to...
February 12th Episode
02/12/2022 8:23 AMMike talks about stoking divisions in the country for political gain. Benj Gallander drops by to talk about buying cheap, unpopular stocks and reaping big rewards. Oh yeah, his portfolio was up 41% last year. Victor on the Russia/Ukraine market scare. And the Quote of...
Ontario declares state of emergency over trucker protests, calling the demonstrations an ‘illegal occupation’
02/11/2022 11:25 AMOntario declared a state of emergency on Friday, following two weeks of trucker protests. Ontario Premier Doug Ford called the Freedom Convoy protests that have spread to Ottawa, Windsor, and Sarnia an "illegal occupation." Ford said the province will take legal...
Cost of B.C. vaccine booking hotline revealed: $47.66 million
02/11/2022 11:18 AMThe B.C. NDP government spent $47.66 million last year on the contract with Telus for the province’s vaccine booking hotline, documents obtained under freedom of information law reveal. The hotline, plagued by initial problems, was designed to assist the first wave of...
Stat of the Day
02/11/2022 10:42 AMUS annualized inflation rate at 7.5% in January vs January 2021. Average US worker makes $1,086 per week - means that this rate pays extra $81.45 per week for the same goods last year or over $4,200 for the year.
Quote of the Day
02/11/2022 10:38 AM"I was told not to state publicly that it (Omicron) was a mild illness. I have been asked to refrain from making such statements and to say that it is a serious illness." Angelique Coetzee, doctor who discovered Omicron in South...
Florida home goes up for auction as an NFT
02/10/2022 12:32 PMIt’s not just JPEGs of apes being sold as digital tokens. A house in Gulfport, FL, will be auctioned off as an NFT tomorrow in what is claimed to be the first US real estate NFT transaction. Bidding starts at $650,000 in ether. Real estate tech company Propy is...
The Lone Bear Calling For $65 Oil
02/10/2022 11:23 AMThe head of commodity analysis at Citigroup believes that there has been a ‘colossal failure’ when it comes to analyzing the fundamentals of today's oil markets. While plenty of analysts are calling for $100 oil, Citigroup sees oil prices falling to an average of $65...
Stat of the Day
02/09/2022 2:03 PMHow high are crude oil prices really? Using inflation implied from global GDP deflator: The high of $147 in 2008 is equivalent to $222 today. The 2011 average Brent price inflation adjusted to today: $149.60 Pierre Andurand, CIO Andurand Capital
Quote of the Day
02/09/2022 1:41 PM"Every protest that western authorities dislike will now be characterized as an 'insurrection' -- always helpful to be able to claim that there's a faction inside the country trying to overthrow the government, since that fear justifies any state power." Glen...
TMX Group Canada to unveil crypto futures product later this year
02/09/2022 12:49 PMIn response to institutional investors' concerns about the risks of trading in a new asset class, TMX Group, Canada's major stock market operator, has revealed plans to launch its first-ever crypto futures product. While speaking to Reuters, TMX Group's John McKenzie...
Canada’s population fastest growing in G7 thanks to immigration
02/09/2022 12:32 PMCanada’s population growth over the the past half decade has been largely driven by immigration, according to 2021 census data. Statistics Canada captured the Canadian population on May 11, 2021, five years after its previous census in 2016. The newly-released...
Joe Rogan reportedly turns down $100 million offer to move his podcast: ‘Spotify has hung in with me, inexplicably’
02/09/2022 11:41 AMJoe Rogan said he's not leaving for Spotify for Rumble and its looser content moderation rules. The site, favored by the right, offered him $100 million to leave the streamer. After a standup set Wednesday, Rogen said "Spotify has hung in with me, inexplicably." Joe...
Schachter’s Eye on Energy for February 9, 2022
02/09/2022 11:20 AMEach week Josef Schachter gives 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 &...
Trading Desk Notes For February 5, 2022
02/08/2022 1:07 PMInterest rates surge higher everywhere Christine Lagarde surprised markets Thursday by opening the door to higher interest rates this year from the ECB. On Friday, markets were stunned by an unexpected (and suspect, given the massive “seasonal adjustments”) US...
White House Launches Effort To “Recalculate” US COVID Hospitalization Numbers
02/08/2022 12:31 PMSince soon after the start of the pandemic, hospitals and public health authorities have refused to acknowledge the important distinction between patients being hospitalized with COVID and those being hospitalized (or those who eventually succumbed) because of COVID....
Liberal MP decries ‘politicization’ of pandemic, questions federal policies
02/08/2022 11:44 AMA Liberal MP is speaking out against Prime Minister Justin Trudeau and provincial governments’ pandemic policies, and politicians’ handling of the ongoing trucker convoy protests. Joel Lightbound, the Louis-Hébert, Que. MP, held a press conference on Parliament Hill...
Stat of the Day
02/07/2022 3:19 PMQuote of the Day
02/07/2022 2:54 PMQuote of the Week, Shocking Stat & Goofy Award
02/07/2022 12:52 PMQuote of the Week Celebrity shallowness meets woke ideology and the result is ignorance of historic proportions. Shocking Stat Howard Stern says he's the "king of all media." Well, he'd better look out - Joe Rogan can claim the crown now. Goofy The Chinese Communists...
Mike’s Comment
02/07/2022 12:41 PMFrom the moment Covid was politicized it became a "choose your side" event - so no surprise that the Truckers' Convoy is no different, which is bad news for the...
Canada Has Seen Suspicious Money Reports Surge And It’s Investigating A Lot Less
02/07/2022 12:08 PMCanada has earned itself a reputation as a hub for dirty money over the past years, and it doesn’t seem to be phased by it. Financial Transactions and Reports Analysis Center of Canada (FINTRAC) data show reports of suspicious transactions have surged higher in recent...
February 5th Episode
02/05/2022 8:22 AMThe Truckers' Convoy could have helped bridge some divisions instead it exacerbated them. Top analyst, Bob Hoye warns that the financial system is on precarious grounds...protect yourself accordingly. Mike dips into the world of celebrity form both the shocking stat...
Canada Fined A Chinese State-Owned Bank For Anti-Money Laundering Non-Compliance
02/03/2022 10:06 AMCanada just fined the world’s largest bank for not following anti-money laundering rules. A local subsidiary of the Industrial and Commercial Bank of China (ICBC) paid over $700k in penalties last year. Despite only being fined weeks ago, FINTRAC, Canada’s financial...
Schachter’s Eye on Energy for February 2, 2022
02/02/2022 11:32 AMEach week Josef Schachter gives 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 &...
Erin O’Toole ousted as leader of the Conservative Party
02/02/2022 10:47 AMA majority of Conservative MPs have voted to remove Erin O’Toole as party leader. Three sources have confirmed to the National Post that 73 MPs voted against O’Toole and 45 voted in favour. The decision was made on Wednesday morning during a virtual meeting. Caucus...
Lumber prices crash 30% in 2 weeks as rising mortgage rates take some heat out of US housing market
02/01/2022 1:15 PMLumber prices have plummeted 30% over the past two weeks as the housing market cools down. A surge in mortgage rates contributed to a decline in pending home sales last month, according to the National Association of Realtors. Lumber is still facing supply chain...
Canadian economy back to pre-pandemic levels in November: StatsCan
02/01/2022 12:54 PMCanada’s real gross domestic product (GDP) increased 0.6% in November 2021, Statistics Canada announced February 1, lifting GDP 0.2% higher than it was in February 2020 – before the pandemic took its toll on the economy. This was the sixth consecutive monthly...
Fauci Knew About Likely Lab-Leak From Secret Teleconference, Pushed Alternate Narrative Instead
02/01/2022 12:24 PMDr. Anthony Fauci was told in a secret teleconference that the coronavirus had very likely leaked from a laboratory in China, yet still pushed the alternate narrative that it had originated naturally, new evidence allegedly shows. Redacted emails that were recently...
Trading Desk Notes for January 29, 2022
01/31/2022 1:32 PMReassessing The Fed = Market Mayhem On January 15, the lede for my TD Notes was: “Peak Fed Hawkish – Or Minsky Moment?” Since then, particularly since Wednesday’s Fed meeting, price action would tell you that we’ve had a “Minsky Moment” – that the Fed is a LONG way...
Quote of the Week, Shocking Stat & Goofy Award
01/30/2022 1:54 PMQuote of the Week Common Sense 101 - no matter what the policy there are always consequences - whether politicians acknowledge them or not. Shocking Stat To borrow from Orwell - in Canada everyone is created equal but when it comes to money and jobs during the...
Mike’s Comment – Jan 29th
01/30/2022 1:44 PMThe reaction to the Truckers' Convoy by the establishment is both predictable and disappointing - more important it's a missed opportunity to help heal growing divisions in the...
January 29th Episode
01/29/2022 8:24 AMMike's take on why the Truckers' Convoy was inevitable. And do rising interest rates mean rising real estate prices? Not according to Vision Capital's Jeff Olin who shares his unique take, and he's got history in his corner. And for the 1st time a "phrase" wins the...
Coming Up on Tomorrow’s Show
01/28/2022 3:56 PMVision Capital portfolio manager Jeff Olin explains what really drives the investment real estate market and his 13 consecutive years of profits, and surprise - it's not interest rates! Mike has some advice for the trucker freedom convoy, Victor says he's never seen...
Wait, are NFTs the new Beanie Babies?
01/28/2022 2:56 PMIn early 2021 Amber Vittoria, a New York-based graphic designer and digital artist, first heard about nonfungible tokens (NFTs), or digital art tokenized on blockchain networks. She was smitten and by February she and her husband spent $33,331, the money they’d been...
Corruption in Canada worst in a decade, finds international watchdog
01/28/2022 1:06 PMCanada has, once again, slipped down an international ranking for corruption, standing at 13th in the world and well back of world leaders, such as Denmark, New Zealand and Singapore. Since 2015, the year Liberal leader Justin Trudeau became Prime Minister, Canada has...
More than half of Canadians rate economy as “bad” or “very bad”
01/27/2022 12:57 PMWe often hear people say that polls are “a snapshot in time.” While the comment is offered by political organizers who are dissatisfied with the popularity of their policy or candidate, the dictum is accurate – the moment in which people are asked a question can play...
Los Angeles City Council Votes To Ban Oil Drilling
01/27/2022 12:21 PMThe city of Los Angeles voted to ban oil drilling Oil production was once one of the biggest industries in southern California, fueling the growth of Los Angeles in the first half of the 20th century The vote has been welcomed by environmental activists and criticized...
Canada Should Plant a Flag in Crypto, Says Wealthsimple’s CEO
01/27/2022 11:47 AMBy opening its arms to the world of crypto, Canada could attract a lot of smart people, who are part of the ecosystem, said Katchen. Michael Katchen – the Co-Founder and Chief Executive Officer at the Canadian investment management firm Wealthsimple – believes local...
Schachter’s Eye on Energy for January 26
01/26/2022 11:59 AMEach week Josef Schachter gives 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 &...
BTC price hits $38K as Bitcoin analysts focus on weekly close
01/26/2022 11:11 AMBitcoin (BTC) staged new retests of $38,000 resistance on Jan. 26 as optimism increased over a potential recovery to $40,000 and higher. Next stop a $40,000 retest? Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued the rebound that...
Ford Stops Orders For $20,000 Pickup Until Summer 2023 Due To Overwhelming Demand
01/26/2022 11:01 AMWhen demand is so overwhelming that you have to stop taking pre-orders, that's usually a good sign - even when you're battling a supply chain crisis. This was the case with Ford's new Maverick pickup truck which, priced at $20,000, has attracted so much demand that...
Time to cure what ails Canada’s health-care system
01/26/2022 10:35 AMHealth reform has been talked about enough. The need to reform Canada’s health-care systems has long been a hot topic of debate. After all, Canada is an easy target. It has one of the highest price tags among countries with universal health systems in the Organization...
Bank of Canada maintains rates despite decades-high inflation
01/26/2022 10:16 AMCanada’s central bank is holding interest rates at 0.25 per cent, but warns that increases will be coming to combat high inflation. On Wednesday, the Bank of Canada (BOC) maintained interest rates at their current levels, despite the economy having recovered from the...
Bitcoin recovers from 6-month low as investors buy the dip, cosmos leads gains in altcoins
01/25/2022 12:26 PMCryptocurrencies rebounded strongly on Tuesday, breaking a string of heavy losses over the previous few days and defying broad weakness on the stock market. Financial markets have experienced wild volatility as investors await the outcome of the Federal Reserve's...
Visualizing China’s Dominance in Clean Energy Metals
01/25/2022 12:01 PMRenewable sources of energy are expected to replace fossil fuels over the coming decades, and this large-scale transition will have a downstream effect on the demand of raw materials. More green energy means more wind turbines, solar panels, and batteries needed, and...
Canada’s Real Estate Bubble Is So Big Even The Mother Of All Crashes Can’t Fix It
01/25/2022 11:26 AMCanadian real estate is now some of the most expensive in the world. Home prices across the country, not in pricey hubs, are now comically overvalued. At this point, not even a major housing crash can restore affordability. Many think this is pandemic-related, but...
Peter MacKay: It’s absurd for Trudeau to let China buy a Canadian lithium firm — especially without a security review
01/24/2022 2:09 PMThe Liberals must stop rewarding Beijing’s unconscionable behaviour For some time now, it has seemed as if Canada’s foreign policy approach toward China has been similar to that old Abbott and Costello baseball shtick of “Who’s on First?” That is to say, Ottawa’s...
Trading Desk Notes For January 22, 2022
01/24/2022 10:51 AMThis was the worst week for the leading stock indices (including the TSE) since the February/March 2020 meltdown Market sentiment is extremely bearish, and markets are extremely oversold. Significant “technical support” levels have been broken. With the markets...
Quote of the Week, Shocking Stat & Goofy Award
01/23/2022 11:56 AMQuote of the Week Lyn Alden, one of the top macro investment analysts will anger some people with her observation that when it comes to taking action on climate change - the emperor has no clothes. Shocking Stat Is the healthcare debate over the use of private care...
Mike’s Comment – Jan 22nd
01/23/2022 11:45 AMGo figure. Polls say that Canadians' biggest worry is rising prices but many of the same people support climate policies that are guaranteed to push prices...
January 22nd Episode
01/22/2022 8:26 AMThe bond markets crumbling, stocks are falling - why? Davis Rea's chief strategist John Johnston joins Mike to talk about the dramatic shift in the investment environment while Ozzie talks about the impact of higher interest rates on housing. The quote of the week is...
Cryptocurrencies tumble, with bitcoin falling 10% and ether down 13%
01/21/2022 1:21 PMBitcoin prices fell sharply on Friday, while ether prices also dived, wiping off nearly $150 billion from the crypto market. Bitcoin fell about 10% and was trading near $38,330 on Friday, according to Coin Metrics. Ether, the second-largest cryptocurrency by market...
An Indonesian 22-year-old makes $1M by selling NFT selfies on OpenSea
01/21/2022 12:54 PMAn Indonesian college student has reportedly become a millionaire by selling nonfungible token (NFT) versions of his selfies on the OpenSea NFT marketplace. Sultan Gustaf Al Ghozali, a 22-year-old computer science student from Semarang, Indonesia, converted and sold...
Canada Sees Oil Investment Rise 22% In 2022
01/21/2022 12:04 PMInvestments in crude oil this year in Canada could rise by as much as 22 percent, according to the Canadian Association of Petroleum Producers. While this is an improvement over 2021, the expected spending total of US$26.2 billion (C$32.8 billion) is still much lower...
Tilbury LNG plant expansion moves to environmental assessment phase
01/20/2022 11:42 AMThe FortisBC Tilbury natural gas plant has moved ahead another step towards expansion. Both the federal and provincial governments decided last week to move forward with environmental assessments of the proposed project to build a new storage facility and expand...
Bank Of Russia Calls For Ban On Crypto Mining And Trading
01/20/2022 11:28 AMLike many governments, Russian financial regulators have had a complicated relationship with cryptocurrencies. Back in October, Russian leader Vladimir Putin praised cryptocurrencies as a possible tool to help dismantle the global dollar-based financial system. That...
Bank of America predicts Tesla’s EV market share in the US will drop to 19% in two years
01/20/2022 10:59 AMTesla has dominated electric vehicle (EV) sales in the US. The Texas-based automaker held a commanding 79% share of the EV market in 2020. That number dropped a bit in 2021, down to 66.3% through the first half of the year, according to registration data from...
England Ends All COVID Passports, Mask Mandates, Work Restrictions
01/19/2022 2:13 PMRestrictions including COVID-19 passes, mask mandates, and work-from-home requirements will be removed in England, UK Prime Minister Boris Johnson announced on Wednesday. Johnson also suggested that self-isolation rules may also be thrown out at the end of March as...
Fruit and veggie outages in Canada get worse with trucker shortages
01/19/2022 1:51 PMExtreme weather and supply-chain snarls are among the reasons for shortages in grocery stores. Here’s another: Unvaccinated truck drivers. In Canada, where as much as 90% of the country’s fruits and vegetables come from the US during the winter, a vaccine mandate for...
Bitcoin hodlers ‘under siege’ at $42K as 30% of BTC supply flips from profit to loss
01/18/2022 1:16 PMBitcoin (BTC) hodlers face a crucial week in more ways than one as $42,000 rekindles a familiar battle. As noted by on-chain analytics firm Glassnode on Monday, 30% of the BTC supply is now at a loss — historically, this has been a key number to defend for bulls....
Canadians’ financial confidence plunges to record-low: Report
01/18/2022 11:04 AMThe cost of living is rising, and the added burden is weighing heavily on Canadians’ view of their personal finances. A new report published today (Jan. 17) shows that confidence in meeting everyday expenses and reducing debt has weakened in the first quarter of 2022...
Big Fat Idea – Mortgage Check Time
01/17/2022 3:10 PMKyle Green of the Green Mortgage Team joins Mike to share the latest numbers on variable and fixed options, whether you should try and renew early, blend and extend or something completely different. And a sooner rather than later heads up for folks purchasing rental...
Trading Desk Notes For January 15, 2022
01/17/2022 2:55 PMPeak Fed Hawkish – Or Minsky Moment? Peak Fed hawkish means the markets have WAY over-anticipated the consequences of Fed tightening (the Fed will stand down) – Minsky moment means there has been a sea-change at the Fed, and you ain’t seen nothing yet! Both opinions...
Canadian Cities Have Seen Up To 90% Of New Real Estate Supply Scooped By Investors
01/17/2022 2:42 PMCanadian real estate is being scooped up by investors with excessively cheap credit. Ownership data for residential real estate across four regions show a significant share owned by investors in 2020. What’s most impressive is how fast this trend must have...
Report: Athletes in Beijing Games Urged to Use Burner Phones, Disposable Computers
01/17/2022 2:06 PMAthletes from multiple countries—including Canada—were urged to leave their cell phones and laptops at home due to high risks for cyber spying at the 2022 Beijing Winter Games. The Olympic Committees for the United States, Netherlands, Great Britain, Australia and...
Quote of the Week, Shocking Stat & Goofy Award
01/16/2022 12:15 PMQuote of the Week One of Canada's top economists shares his approach for reducing risk and getting the issues right. Shocking Stat of the Week Covid stats right out of the Centre for Disease Control on who's really at risk. Hint: most will be surprised. Goofy Award...
Mike’s Comment – Jan 15th
01/16/2022 12:03 PMLike Tears for Fears says, "everybody want to rule the world" - or in this case "re-imagine" the economy or capitalism. Only problem is they can't even get the basics...
January 15th Episode
01/15/2022 8:23 AMWe're all feeling the pinch as prices soar on everything from groceries, to gas, to bigger ticket items like cars and real estate. Mike taps our favourite conservative investor, Houston-based Lance Roberts, for some thoughts on how investors can turn these...
Schachter’s Eye on Energy for January 14th
01/14/2022 11:24 AMEach week Josef Schachter gives 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 &...
Goldman Sachs Calls 10-Year Commodity Supercycle
01/14/2022 11:06 AMWhile the markets digest the inflation numbers on Wednesday, all eyes will be focussed on the Federal Reserve's reaction to the inflation data. Many economists expected the 7% gain in the Consumer Price Index, marking a 39-year high. Many markets, including stocks and...
Average Vancouver rent still highest in Canada; Victoria in third place
01/14/2022 10:59 AMThe average rent for both one- and two-bedroom apartments in Vancouver remains the highest in Canada, according to Zumper (formerly PadMapper). One-bedroom apartments went for $2,130 in B.C.’s largest city in January, with Toronto coming in a distant second at $1,850....
Crypto-backed mortgages still raise red flags, says B.C. regulator
01/14/2022 10:53 AMB.C.’s mortgage regulator continues to sound warnings about anyone considering purchasing a home with cryptocurrency. The BC Financial Services Authority says there is nothing prohibiting buyers from using such unregulated digital currencies, however there are limited...
Another ‘Not Normal’ Year
01/13/2022 1:27 PM“The most immediate disturbing factor is that we have a Double Directional Change in 2022. This, combined with the Panic Cycle in politics, simply implies it is NOT going to be a nice normal year.” ~ Martin Armstrong Isn’t that cheerful? No, but neither are the...
Natural gas surges 13% as cold snap ahead is expected to boost demand
01/12/2022 11:38 AMU.S. natural gas futures surged more than 13% on Wednesday as temperatures drop and forecasts call for more winter weather ahead. The contract for February delivery advanced 13.3% to $4.818 per million British thermal units, the highest level since November. “The...
B.C. tops all provinces during record year for IPOs: report
01/12/2022 11:11 AMInitial public offerings from Copperleaf Technologies Inc. (TSX:CPLF), Thinkific Labs Inc. (TSX:THNC) and Telus International (Cda) Inc. (TSX:TIXT) helped make B.C. the go-to centre for IPOs in Canada last year. The West Coast was home base for 90 out of the 171 IPOs...
Quebec to force unvaccinated to pay ‘significant’ financial penalty
01/11/2022 11:58 AMQuebec has become the first province in Canada to announce a financial penalty for residents who refuse to be vaccinated against COVID-19. Adult Quebecers who won't get vaccinated and don't have a medical exemption will be forced to pay a health "contribution," Quebec...
House Republicans Release Damning Fauci Emails Suggesting Concealed Knowledge Of Lab Leak
01/11/2022 11:37 AMRepublicans on the House Oversight Committee have released several emails which suggest Dr. Anthony Fauci may have known that Covid-19 originated from a lab leak, and that it may have been "intentionally genetically manipulated." "We write to request a transcribed...
Canadians want less trade with China, but at what cost?
01/11/2022 11:08 AMWhen it comes to trading with China, “we hold the cards” and Canada should direct its exports away from the authoritarian regime, Vancouver human rights and democracy activist Fenella Sung says. Now, new polling from Angus Reid released Monday suggests most Canadians...
Billionaire investor Bill Miller puts 50% of net worth in Bitcoin
01/10/2022 12:37 PMInvestor Bill Miller is bullish on Bitcoin (BTC) despite the cryptocurrency touching multi-month lows below $40,000 in early January 2022. Miller no longer considers himself just a “Bitcoin observer” but rather a real Bitcoin bull, as he said in a WealthTrack...
Trading Desk Notes For January 8, 2022
01/10/2022 11:51 AMInterest Rates Surge Higher – Consequences Follow The 10-year US Treasury bond yield hit a 2-year high of 1.8% on news that the national unemployment rate fell to only 3.9% in December and that year-over-year average hourly earnings had surged by 4.7%. American...
Vancouver has backlog of 500 applications for building permits
01/10/2022 11:23 AMThe City of Vancouver has a backlog of 500 applications from people seeking permits to build single-family homes, duplexes and laneway houses. The backlog comes despite a council-initiated task force created early last year to reduce the time builders have to wait to...
Quote of the Week, Shocking Stat & Goofy Award – Jan 8th
01/09/2022 10:47 AMQuote of the Week A CBC insider confirms what millions are already thinking - at a cost of 1 1/2 billion tax dollars a year. Shocking Stat of the Week Individual rights vs government has been the great debate of the pandemic but the latest government revelation...
Mike’s Comment – Jan 8th
01/09/2022 10:36 AMTalk about out of touch. Rising cost of living is our biggest worry - and look who's piling...
January 8th Episode
01/08/2022 8:31 AMDr Michael Berry drops by to talk rising interest rates. Ozzie talks the latest proposal to tax your principal residence. The $1.5 billion quote of the week and our shocking stat starts with...
Special Live Webinar – 2022 The Great Re-Awakening
01/07/2022 2:46 PMJoin Michael's guest Andrew Ruhland on Saturday, January 8th @ noon MST, after the MoneyTalks Podcast as he expands on his show appearance in a free webinar, "Market Outlook & Updating Your Portfolio Playbook for 2022". Andrew and his team will cover a lot ground...
Coming Up On Tomorrow’s Show
01/07/2022 2:27 PMOur first episode of 2022 dives into the deep end of the markets with Dr. Michael Berry, our Fed insider, on the impact of rising interest rates, Victor Adair live from the trading desk plus Ozzie on a new proposed home tax. Mike's quote of the week hits the CBC where...
Vancouver pushes new paper tax on retailers, coffee shops
01/07/2022 12:08 PMThe City of Vancouver sure can throw some curveballs at times. To paraphrase the late comedian Henny Youngman: Take the new paper cup and bag fees. . . please. In the throes of a pandemic, with public health orders confusing even the Mensa members and inflation...
Bitcoin slumps to a three-month low as cryptocurrencies extend losses
01/07/2022 11:50 AMThe price of bitcoin fell below the $41,000 mark on Friday, reaching its lowest level since Sept. 29, according to data from Coin Metrics. Hawkish comments from the Federal Reserve this week triggered a sell-off in global stock markets which spilled over into...
Flying Taxis Could Finally Make A Breakthrough In 2022
01/07/2022 11:08 AMFlying taxis could gain major attention in 2022, with even more aviation start-ups set to go public. While it is unlikely that we will see them in action before 2024, the infrastructure for and investment in this burgeoning tech could really ramp up this year. Major...
Prediction Consensus: What the Experts See Coming in 2022
01/06/2022 12:57 PMEven at the best of times, it’s human nature to want to decode the future. During times of uncertainty though, we’re even more eager to predict what’s to come. To satisfy this demand, thousands of prognosticators share their views publicly as one year closes and...
Xi’an Authorities Block All “Negative” Posts On Social Media As Lockdown Backlash Grows
01/06/2022 12:04 PMAs Beijing struggles with the worsening outbreak in Xi'an, the provincial capital of 13M that has been under lockdown for about 2 weeks now, authorities are finding it increasingly difficult to paper over the popular outcry. So, authorities in the northern Chinese...
Could A Graphite Shortage Derail The $3 Trillion EV Boom?
01/06/2022 11:22 AMThe $3-trillion EV market needs batteries that are 20-30% graphite–a material the U.S. currently doesn’t produce at all. That makes graphite a matter of national security in the global energy race. Each EV battery requires not only lithium–a metal that investors are...
Ray Dalio recommends ‘reasonable’ 1%–2% Bitcoin allocation
01/06/2022 10:34 AMHedge fund manager Ray Dalio remains bullish on Bitcoin (BTC) in 2022, listing three primary reasons why Bitcoin is “impressive.” In a recent interview with The Investors Podcast, he talked up gold and BTC as an inflation hedge. When prompted by interviewer William...
Schachter’s Eye on Energy for January 5th
01/05/2022 12:22 PMEach week Josef Schachter gives 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 &...
Facebook restores conservative book publisher’s account after ‘error’
01/05/2022 12:15 PMFacebook has restored access to an advertising account linked to the conservative children’s book publisher Heroes of Liberty — after the lockout sparked an outcry on social media. Heroes of Liberty, which has published biographies of figures such as Supreme Court...
Stick with Canada in 2022, top-performing energy investor says
01/05/2022 11:25 AMLooking at oil and gas stocks this year? Think small and Canadian, at least according to the world’s leading energy fund manager. “Canada is, I think, the place to be in 2022,” said Eric Nuttall of Toronto’s Ninepoint Partners LP. His $950 million (US$752 million)...
B.C. property assessments climb to $2.4 trillion
01/05/2022 10:43 AMProperty assessments across the province continue to climb with new data revealing a nearly 22% increase since a year ago. The vast majority of B.C.’s total real estate value of $2.44 trillion is housed in the Lower Mainland, according to information posted Tuesday to...
Warren Buffett makes over $120 billion on Apple’s rise to $3 trillion, among his best bets ever
01/04/2022 12:25 PMThe 5% Apple stake Berkshire Hathaway acquired in 2018 for $36 billion is now worth $160 billion as the tech giant hit the $3 trillion milestone. Warren Buffett’s conglomerate has also enjoyed regular dividends from Apple, averaging about $775 million annually....
Indonesia miners seek a solution as coal export ban rattles global sector
01/04/2022 12:17 PMIndonesian coal miners are seeking a quick resolution to a government coal export ban that is already causing fuel prices to rise and could disrupt the energy needs of some of the world’s biggest economies. The world’s biggest exporter of thermal coal on Saturday...
Trading Desk Notes For January 1, 2022
01/04/2022 11:28 AMHere’s what I really think We’ve had an extraordinary run of bullish enthusiasm since the March 2020 Covid panic lows. The S+P has rallied ~120%. A tidal wave of new money has come into the equity markets, with more than half of that going into passive index-linked...
Business confidence in B.C. takes big fall in December
01/04/2022 10:58 AMShort-term business confidence tumbled in December as the Omicron spread intensified globally and wage pressures remained elevated. According to the latest CFIB Business Barometer reading, the 3-month outlook for Canadian small business retreated 4.5 points to 45.1...
Federal Officials Concerned About Bank Of Canada Adopting Cryptocurrency
01/04/2022 10:27 AMInternal government documents show that federal officials are concerned about the economic impact that would result if the Bank of Canada develops its own cryptocurrency. The Bank of Canada has spent years studying the feasibility of developing a digital currency or...
A Big Thank You to Finish off 2021
01/03/2022 11:22 AMI want to thank the 309 MoneyTalks listeners who supported Special Olympics. I’m talking about the people who donated auction items and participated in the Special O golf tournament. And those who not only took great delight in seeing both Ozzie and me dive in at the...
Omicron might be milder because it has a less effective way of attacking lung cells, studies say
12/31/2021 11:25 AMThe Omicron coronavirus variant might be less severe in humans because it attacks human lung cells in a different way, according to two laboratory studies published recently. A group of 31 scientists from different universities collaborated on the project for the...
Year-End Shocking Stat and Goofy Award
12/30/2021 12:38 PMShocking Stat Please pay attention - this new government tax increase impacts every worker in the country and kicks in January 1st. But no one is hit harder than the self employed and small business owners. Last Goofy of the Year Some call Canada timid, soft or worse....
Quotes of the Year
12/30/2021 12:09 PMLots of choices for the Quote of the Year - so why not choose 5 worthy winners. One each from politics, finance, COVID, geo politics and the...
Mike’s Year-End Comment
12/30/2021 12:03 PMMike weighs in on what he calls the easiest forecast for 2022. Forget what Stats Can or the government says - 2022 will be more expensive for every single one of...
Joe Rogan’s sold out Vancouver show rescheduled due to vaccine mandates
12/30/2021 10:47 AMJoe Rogan’s sold out Vancouver show, scheduled for April 20, has been canceled after the podcast host said he likely would be unable to enter Canada from the U.S., where he lives, because he is not vaccinated against COVID-19. In a Dec. 24 episode of his podcast, “The...
Schachter’s Eye on Energy for December 29
12/29/2021 12:15 PMEach week Josef Schachter gives 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 &...
Chinese mobile phone giant pulling out of Canada amid security concerns
12/29/2021 11:40 AMOne of China’s biggest state-owned, mobile phone networks appears to be pulling out of Canada, on the back of a federal government court order which centred on security concerns. China Mobile International (CMI) announced on its website on Tuesday that it would be...
2022 Will Be A Pivotal Year For Mining
12/29/2021 10:59 AMThe global mining industry is facing its most important decade ever as the world races to reduce its dependence on fossil fuels. The energy transition has sparked a race for critical metals used in solar power and battery technology. Miners will also have to keep...
December 29th Episode – Year in Review
12/29/2021 8:18 AMMike, Jim Thorne, Ozzie, Victor and Michael weigh in on the biggest takeaways of 2021 that will directly impact your financial well being - from stocks to real estate to the cost of living. Hint: the shocking stat deals with one that will cost ever worker in the...
Ethereum whales dumping ETH as price slides below $4K, data shows
12/28/2021 11:20 AMThe number of Ethereum addresses holding at least 1,000 ETH dropped to a four-year low this week. Ethereum is having difficulty keeping its richest investors in line as its native token, Ether (ETH), hints at logging more losses in the near term. Blockchain data...
$50B in key spending promises missing from feds’ fiscal forecasts: Budget watchdog
12/28/2021 11:00 AMCanada’s budget watchdog says the deficit forecast laid out by the federal government in its Economic and Fiscal Update will likely be higher than expected because roughly $50 billion in key spending promises from the Liberal Party’s election campaign were omitted....
Germany: Thousands protest against COVID measures
12/28/2021 10:45 AMTowns across eastern Germany saw the largest turnouts in protests against a planned vaccine mandate and new restrictions. At least 10 police officers have reportedly been injured in riots in Saxony. Thousands of people demonstrated on Monday against coronavirus...
Base B.C.’s new economic plan on fiscal realities, not PR buzzwords
12/23/2021 2:08 PMLast summer, the BC NDP government retained Mariana Mazzucato, a celebrity academic who is a professor at University College London (UCL), “to advise on the future of the economy as B.C. develops a long-term … plan that will steer the province through the...
Criminals have stolen nearly $100 billion in Covid relief funds, Secret Service says
12/23/2021 12:23 PMCriminals have stolen close to $100 billion in pandemic relief funds, the U.S. Secret Service said Tuesday. The stolen funds were diverted by fraudsters from the Small Business Administration’s Paycheck Protection Program, the Economic Injury Disaster Loan program and...
How Fauci and Collins Shut Down Covid Debate
12/22/2021 1:19 PMIn public, Anthony Fauci and Francis Collins urge Americans to "follow the science." In private, the two sainted public-health officials schemed to quash dissenting views from top scientists. That's the troubling but fair conclusion from emails obtained recently via...
Schachter’s Eye on Energy for December 22
12/22/2021 1:06 PMEach week Josef Schachter gives 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 &...
China is mining bitcoin underground: Report
12/22/2021 11:55 AMAccording to a report by CNBC, bitcoin miners have found ways to keep operating in China despite the country’s comprehensive efforts to crack down on the industry. China used to be the country with the most significant share of hashrate. But that began to change in...
The GOAT and the COAT
12/22/2021 11:31 AMRarely has a company done so much and received so little respect! A year ago Adcore was undervalued trading at 3X revenue. Now, after posting three consecutive quarters of 200%ish YoY growth, the company trades at just over 1X revenue. Seriously! How is this possible?...
Dormant Bitcoin wallet holding 321 BTC activated after eight years
12/21/2021 11:06 AMA Bitcoin wallet containing millions of dollars worth of Bitcoin has come out of dormancy. For one reason or another, the wallet has not transacted for years despite having what is considered life-changing money. The wallet had not been used since 2013, barely a few...
Ottawa will challenge higher duties on Canadian lumber into U.S.
12/21/2021 10:59 AMOttawa is challenging higher duties imposed on Canadian lumber imported into the United States, in the latest turn in a trade dispute that has persisted for decades between the two countries. The challenge will be filed under the terms of the new North American free...
Lithium miner’s woes may exacerbate strain in EV supply chain
12/21/2021 10:51 AMPilbara Minerals (ASX: PLS), one of Australia’s top lithium miners, slashed its forecast for shipments, further exacerbating tight supply for the key ingredient in electric-vehicle batteries. The Perth-based company cited a raft of issues — from delays in...
Trading Desk Notes For December 18, 2021
12/20/2021 12:36 PMAre you de-risking into yearend? Day-to-day and intra-day price action since Thanksgiving Friday has been very choppy. Big Cap Tech has been fading. Are Portfolio Managers de-risking before yearend to preserve stellar track records? Big Cap Tech fading? Big Cap Tech...
BC forestry majors invested $6 billion elsewhere in 2021
12/20/2021 12:00 PMCanfor Corporation (TSX:CFP) is capping 2021 with another investment outside of B.C. – bringing the total investment of B.C.’s forestry majors outside of B.C. to roughly $6 billion this year alone. Canfor on Thursday announced it is buying Millar Western Forest...
Bank of Montreal strikes US$16.3 billion deal for Bank of the West
12/20/2021 10:58 AMThe Bank of Montreal has agreed to buy BNP Paribas’ U.S. banking subsidiary, Bank of the West, for $16.3 billion in cash. The deal, announced Monday, would expand the presence here of one of Canada’s largest banks by combining the $105 billion-asset Bank of the West...
Quote of the Week, Shocking Stat & Goofy Award – Dec 18
12/19/2021 12:26 PMQuote of the Week Well known historian, David Starkey on today's revolution by stealth - and where it leads. Hint: nowhere good. Shocking Stat Senator Elizabeth Warren thinks Elon Musk is “freeloading off a rigged tax code” - to which Elon replied, “Please don’t call...
Mike’s Comment – Dec 18th
12/19/2021 12:20 PMIt's obvious what's led to the OECD's scary forecast about Canada's economy but no one seems to care...until it's too...
December 18th Episode
12/18/2021 8:20 AMMike on the OECD's frightening economic forecast for Canada. Big Picture Trading's Patrick Ceresna on what the heck's happened to gold. Plus what's Elon Musk paying in taxes. And where's all the pandemic money gone? Hint - no one...
Coming Up on Tomorrow’s Show
12/17/2021 11:36 AMAn "unbalanced market" has Mike and his guests looking for opportunities and pitfalls. When a few strong, massive cap stocks out-weigh the vast majority of under-performing stocks there is potential for big volatility. Patrick Ceresna of Big Picture Trading joins Mike...
Bitcoin ‘may not last that much longer,’ academic warns
12/17/2021 11:10 AMEswar Prasad, senior professor of international trade policy at Cornell University, told CNBC’s “Squawk Box Europe” earlier this month: “Bitcoin itself may not last that much longer.” Bitcoin’s price has been highly volatile over the last few years and in the last...
‘Not based on science’: WestJet blasts Canada’s non-essential travel advisory
12/16/2021 11:15 AMIt didn’t take long for WestJet to express its “strong opposition” to Canada’s new non-essential travel advisory that was unveiled this morning. The airline issued a statement this afternoon claiming that the advice outlined today “is not based on science and data.”...
Big wealth investors are likely to put money to work in stocks after amassing record levels of cash
12/16/2021 10:55 AMSponsor content received from Integrated Wealth Management Hundreds of billions of dollars in cash have been amassed by big investors in the last few weeks of 2021, setting the stage for a massive risk-on move into equities in the new year. Investors added more than...
Lithium Prices Rise as Supply Fails to Meet EV Demand
12/16/2021 10:33 AMThe short supply of industrial grade lithium is causing prices to spike, which could snarl a push by governments to ramp up the use of electric vehicles. Lithium is used to power rechargeable car batteries, among other uses, but a recent bear market and supply chain...
Schachter’s Eye on Energy for December 15th
12/15/2021 2:20 PMEach week Josef Schachter gives 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 &...
Canadian Real Estate Prices Grow At The Fastest Rate Ever As Inventory Squeeze Eased
12/15/2021 12:18 PMCanadian real estate prices are seeing the rate of growth accelerate once again. The Canadian Real Estate Association (CREA) Home Price Index (HPI) shows prices surged in November. Even as the inventory squeeze eased a little, buyers bid up home prices at an even...
Bank Of England Warns That Bitcoin Could Become ‘Worthless’
12/15/2021 11:34 AMEngland’s central bank has said that Bitcoin (BTC) could become “worthless” and people investing in cryptocurrencies should be prepared to lose everything. In a warning over the potential risks for investors, the Bank of England questioned whether there was any...
B.C. lifting gas restrictions but extends provincial state of emergency until December 28
12/14/2021 12:53 PMGas restrictions at some B.C. pumps due to expire by the end of Tuesday will not be extended. The province began restricting non-essential vehicles in southwestern B.C. to 30 litres of gas per visit to stations last month after severe flooding choked supply chains and...
Warren Buffett’s Apple stake hits record $159 billion as stock soars
12/14/2021 12:18 PMBerkshire Hathaway's Apple holdings of 887 million shares swelled to a value of $159 billion on Friday. That makes the stake worth half of Berkshire's entire equity portfolio, and almost 25% of its $649 billion market capitalization. Warren Buffett started to build...
B.C. man selling a TimBiebs crumb for $100,000. And that’s just the start of it
12/14/2021 11:26 AMBlake Simms of Langley, B.C. knows how to sell and is offering a fix for the dilemma over what to get the Bieber fan on your gift list. “Great Christmas gift for Justin Bieber fans!” said Simms’ post, on Facebook Marketplace, in which he pitches a crumb from a Tim...
Gordon Ramsay moves restaurant HQ to Texas from California: Report
12/13/2021 1:47 PMCelebrity chef Gordon Ramsay has relocated his restaurant headquarters from California to Texas, Dallas Morning News reported. Ramsay has hired a team of businessmen and chefs to expand his restaurant brand across North America, the outlet reported. It added that the...
The EU is Well Ahead of the US in Cryptocurrency Support and Regulation
12/13/2021 1:14 PMDecentralised finance happens to be one of the few high tech areas where the EU is doing quite well. Last week the Council adopted its position on proposed crypto market regulations for Defi products. They are very industry-friendly. The proposed regulations are the...
Bank of Canada maintains inflation target of two per cent, adds jobs to mandate
12/13/2021 12:25 PMCanada’s central bank will maintain its current inflation target of two per cent, but will rely more on employment numbers to make policy decisions. Since 1991, the Bank of Canada (BOC) has tried to keep inflation within one to three per cent, ideally at two per cent....
Trading Desk Notes For December 11, 2021
12/13/2021 10:58 AMBullish enthusiasm came roaring back this week – the S+P registered an All-Time High close – the DJIA rallied >2,000 points from last week’s lows The S+P hit All-Time Highs Monday, November 22, but closed down on the day. Three sessions later, waves of heavy selling...
Quote of the Week, Shocking Stat and Goofy Award
12/12/2021 1:17 PMQuote of the Week Possibly the most disturbing quote ever heard on this show. But it is time to start understanding the reality of the Chinese concentration camps. Shocking Stat Some advice on how to get young people interested in finance. Goofy Award Public Health...
Mike’s Comment – December 11th
12/12/2021 12:57 PM"It's Frank's world, and we're all just living in it." Sammy Davis Jr. Mike highlights the incredible disconnect between the educated elite decision makers and the reality of policies on the...
December 11th Episode
12/11/2021 8:23 AMThe gloves are off on China. Award winning journalist and author Terry Glavin joins Mike to talk about Canada feeble response to date, a truly disturbing quote of the week, plus Ozzie on the implications of the Evergrande and Kaisa defaults. On the positive side Nick...
Kevin O’Leary has gone on a crypto binge, but his investment fund has different ideas
12/10/2021 1:47 PMBitcoin’s massive swings aren’t for everyone, but one investing shark is hungry for more cryptocurrency: Kevin O’Leary. The O’Shares ETFs chairman and Shark Tank personality bought his first coin in 2017 and has been picking up speed ever since. “I’ve grown the...
Elon Musk Calls for End to Government Subsidies in Build Back Better Act
12/10/2021 1:38 PMFifth Element cosplayer Elon Musk would like the government to knock it off with the whole trying to pass climate legislation thing. His beef with the Build Back Better Act? Among other things, subsidies for electric vehicles. Thus, Musk continues a long tradition of...
Bitcoin’s price could surge to more than $500,000 as institutional investors search for uncorrelated assets, Cathie Wood says
12/09/2021 11:45 AMBitcoin's price could surge to $550,000 as institutional investors ramp up allocations to the space, according to Cathie Wood. Wood told CNBC on Thursday that institutions are seeking exposure to uncorrelated assets and crypto fits the bill. "The move by institutions...
Schachter’s Eye on Energy for December 9th
12/09/2021 10:55 AMEach week Josef Schachter gives 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 &...
Irish Central Bank Raises Gold Reserves By 33%, Worried About Inflation
12/09/2021 10:36 AMRecently the Central Bank of Ireland joined the ranks of sovereign gold buyers, adding 2 tonnes of gold to its monetary gold reserves in 2 months, consisting of a tonne of gold bought in each of September and October 2021. While in relative terms, the actual quantity...
Canada’s GDP Is Recovering More Slowly Than Other Economies: BMO
12/08/2021 12:14 PMThe Canadian economy is recovering slower than its peers despite elevated inflation. BMO chief economist Douglas Porter indexed the GDP for Canada, the US, and Australia in Q3 2021. All three economies began as a v-shaped recovery, but Canada is the only one not to...
Central Banks of France and Switzerland announce successful trial of digital Euro, Swiss Franc
12/08/2021 11:55 AMOn Wednesday, the Banque de France (BdF), the BIS Innovation Hub (BISIH) and the Swiss National Bank (SNB) announced the success of a pilot run of a wholesale central bank digital currency (wCBDC), titled Project Jura. The project, which aimed to investigate...
Crypto Could Become “A True Competitor” To The U.S. Dollar: Jon Najarian
12/08/2021 11:08 AMThis is an interview with Jon “Dr. J” Najarian. Jon was a linebacker for the Chicago Bears before he turned to trading on the Chicago Board Options Exchange. He then became a member of the CBOE, NYSE, CME and CBOT and worked as a floor trader for some 25 years. Today,...
Investing in SAAS – A Special Presentation
12/07/2021 11:46 AMIn case you missed it on Saturday's show, Mike's guest Martijn van den Bemd showed how investors have profited owning companies that specialize in offering software-as-a-subscription services. Canadian success stories like Shopify, which is up over 500% from the Feb...
California Is Addicted To Oil From The Amazon
12/07/2021 11:40 AMCalifornia is by far the most ambitious U.S. state when it comes to things like emission standards, EV sales, and renewable energy. California is shutting down its nuclear power plants to double down on wind and solar. It is also importing more oil from the Amazon...
Opinion: We are Wet’suwet’en and the Coastal GasLink pipeline protesters do not represent us
12/07/2021 11:03 AMThe following was authored by members of the Gidimt’en Clan and released by Wet’suwet’en First Nation council at their request. We are members of the Gidimt’en Clan of the Wet’suwet’en Nation, together with extended family members from other Wet’suwet’en house groups...
Hackers Steal $150M From Crypto Exchange Billed as ‘Most Trusted’
12/06/2021 6:16 PMCryptocurrency exchange BitMart got hacked and lost millions of dollars. Hackers have hit yet another cryptocurrency exchange, stealing between $150 million and $200 million in cryptocurrency. BitMart, which bills itself as “the most trusted crypto trading...
Italian man wears fake arm in crazy attempt to avoid getting COVID-19 jab
12/06/2021 6:01 PMAn Italian man thought he had an ace up his sleeve to circumvent his country’s COVID-19 vaccine mandates — but was busted when he showed up for his shot wearing a fake arm, according to a report. The creative anti-vaxxer may have paid hundreds of euros for the...
Justinflation is wreaking havoc, so why is everyone ignoring it?
12/06/2021 4:26 PMSponsor content received from Integrated Wealth Management Justin Trudeau’s Just-inflation is driving up the cost of everything, and yet, the media, bankers and the Liberal government insist that mysterious global forces – not the Fed’s unprecedented spending,...
Trading Desk Notes For December 4, 2021
12/06/2021 1:26 PMA vicious circle of aggressive selling, thin liquidity, volatility and fear Given the drama since Thanksgiving Friday, it’s hard to believe that the leading North American stock indices were at All-Time Highs Monday of last week. It’s also hard to believe that, with...
Quote of the Week, Shocking Stat & Goofy Award
12/05/2021 11:59 AMQuote of the Week Given the non-stop self congratulatory virtue signalling around climate change - you'll be shocked at The Commissioner of the Environment's assessment of Canada's performance. Shocking Stat No matter what you’ve heard about CERB payments it's...
Mike’s Comment – Dec 4th
12/05/2021 11:51 AMAcademia, climate science now medicine - when it comes to the battle between open inquiry/free speech vs censorship it's time to chose sides before it's too late. If it isn't...
December 4th Episode
12/04/2021 8:25 AMMike laments that if you're on the side of free speech - guess what? You're losing. The Fed's thrown in the towel on "transitory" inflation promising higher rates, The MacroTourist himself, Kevin Muir tells you what to do. Plus Canada gets a report card on climate...
After China’s Crypto Ban, Who Leads in Bitcoin Mining?
12/03/2021 12:41 PMBitcoin Mining Moves to America Bitcoin mining is a process that verifies transactions on the blockchain ledger, while also bringing new bitcoins into circulation. To be successful at this, cryptominers require vast amounts of computing power, meaning electricity...
Digital dollar needs broad consensus among authorities, says US Treasury Secretary
12/03/2021 12:23 PMU.S. Treasury Secretary Janet Yellen has given her opinions on the potential of a digital dollar but is hesitant to come to any conclusions at this stage in proceedings. Yellen said on Thursday that she had not formed a view on whether the Federal Reserve should...
China Creates New State-Owned Mining Giant To Tighten Control Of Rare Earth Supplies
12/03/2021 11:48 AMNow that aggressive foreign policy toward China has attracted bipartisan consensus, evidenced by the fact that President Biden has opted to keep certain tariffs imposed by the Trump Administration in place, Beijing is looking for new ways to squeeze Washington. For...
Warren Buffett’s deputy Charlie Munger says markets are crazier now than in the dotcom bubble – and he wouldn’t want a crypto fan to marry into his family
12/03/2021 11:02 AMWarren Buffett's right-hand man Charlie Munger said markets are even crazier now than during the dotcom bubble. "I wouldn't want any one of them to marry into my family," he said about people who invest in cryptocurrencies. The Berkshire Hathaway exec said China is...
Companies are pocketing their fattest profits in more than 70 years, even as they complain about inflation
12/02/2021 1:26 PMFor the last several months, corporate executives have been loudly lamenting the rising cost of doing business due to supply-chain disruptions and labor shortages. Indeed, inflation at levels not seen since the early 1990's has shown itself to be both larger and more...
Cryptocurrency ETFs ‘are not a winning strategy,’ expert says: There are better ways to diversify
12/02/2021 11:46 AMIf you’re interested in a particular investment area, such as, say, a sector of the stock market, you likely don’t have time to research every single company to determine which you think is best. Plus, even if you know your stuff, there’s still the chance that any...
$106M worth of metaverse land sold last week: DappRadar
12/02/2021 10:39 AMFour blockchain-based metaverse projects generated more than $100 million worth of virtual land nonfungible token (NFT) sales last week, according to data from DappRadar. A Tuesday post from the decentralized application analytics firm reported that between Nov. 22...
Canada Just Saw The Sharpest Pullback For Housing Investment Since 2009
12/01/2021 1:09 PMCanadian real estate prices are rising, but investors are quietly pulling back. In fact, they’re withdrawing their capital at one of the fastest rates in history. Statistics Canada (Stat Can) data shows residential investment dropped sharply in Q3 2021. This is the...
The $5 billion hoard of metal the world wants but can’t have
12/01/2021 12:15 PMOn an industrial park about an hour’s drive toward the South China Sea coast from Ho Chi Minh City sit giant mounds of raw metal shrouded in black tarpaulin. Stretching a kilometer in length, the much-coveted hoard could be worth about $5 billion at current prices. In...
Why the buyer of Beeple’s $69 million NFT wants everyone to make free copies of the digital art
12/01/2021 11:26 AMIn March, Beeple sold a digital collection of his art as an NFT for a record $69 million. Now, the buyer wants everyone to have a free copy. The buyer, Vignesh Sundaresan, who's also known as MetaKovan, told Bloomberg he'd be happy if everyone downloaded a copy of the...
Deutsche Bank Bucks Bullish Oil Predictions
12/01/2021 10:27 AMDeutsche Bank expects crude oil prices to drop considerably next year, dipping below $60 per barrel in New York, the bank said in a note. "It would be misguided to think of an OPEC pause on Thursday as bullish, since we have assumed that in our model and still end up...
Many Lower Mainland drivers running on empty – for now
11/30/2021 11:36 AMTrans Mountain Corp. last week said it hoped to have the pipeline that provides most of the oil, gasoline and diesel for southern B.C., as well as refineries in Washington state with crude oil, back in operation by now. And Canadian National Railway (TSX:CNR), which...
Elon Musk says Raptor engine production is a ‘disaster’ that puts SpaceX at risk of bankruptcy
11/30/2021 11:14 AMOn Black Friday, SpaceX CEO Elon Musk sent an anxious email to his company’s employees, urging them to work over the weekend on SpaceX’s Raptor engine line and describing the production situation as a “crisis.” In the email, a copy of which was obtained by The Verge,...
Oxford Professor: Official Data Shows Face Masks “Made No Meaningful Difference” to Infection Rates
11/30/2021 10:28 AMUniversity of Oxford Professor Jim Naismith asserts that despite England dropping its mask mandate in July and Scotland keeping its rules in force, official data shows this “has made no meaningful difference” to infection rates. Naismith goes on to argue that new face...
FTC Demands Wal-Mart, Amazon & Others Participate In Supply-Chain Probe
11/29/2021 8:08 PMShortly after President Biden sat down with top executives from Wal-Mart, a handful of regional grocers and others to hold a "round table" to discuss "supply chain" issues, the FTC announced Monday afternoon that it would launch an investigation into the factors...
Singapore piles into gold for the first since 2000
11/29/2021 7:55 PMThe central bank of Singapore increased its gold reserves by 20% this year, buying gold for the first time in two decades. The gold purchase was made between May and June, totaling 26.35 metric tons, according to the data from the Monetary Authority of Singapore's...
Bitcoin too volatile to be adopted as legal tender, says BoE chief
11/29/2021 3:10 PMBank of England governor Andrew Bailey has expressed concerns over El Salvador’s adoption of Bitcoin (BTC) as legal tender after President Nayib Bukele announced the launch of Bitcoin City. Bailey argued that El Salvador’s decision to adopt Bitcoin as a currency was...
What Happens Next?
11/29/2021 9:44 AMAs we close out 2021, I want to provide you with an honest understanding of our current economic environment, the real risks we face, and the opportunities we may have. Grab some popcorn and cross your fingers. Bigger Government The most recent edition of The...
Goofy Award – Nov 27
11/28/2021 11:14 AMYou'd be forgiven for being confused by President Biden actions after COP26 - it looks like he was...
Quote of the Week & Shocking Stat
11/28/2021 11:05 AMQuote of the Week Attention all resource protestors including university profs & NGOs Better not listen to Chris Sankey, member of Coast Tsimshian. As Jack Nicholson famously warned, “you can’t handle the truth.” Shocking Stat Look at the truly shocking results when...
Mike’s Comment
11/28/2021 10:57 AMOh, oh Mike's ruffled some political feathers but how can you analyze or forecast anything financial or economic without talking politics and...
Trading Desk Notes For November 27, 2021
11/27/2021 12:56 PMRisk Happens Fast The S+P 500 hit All-Time Highs on Monday’s opening – but closed 165 points (3.5%) lower by Friday’s close. The daily S+P futures volume on Friday was the highest since early October – and was probably the highest EVER for a Thanksgiving Friday. The...
Help, what is happening with our universities?
11/27/2021 12:42 PMThis is an English translation of a letter by Guus Berkhout of CLINTEL that was published in De Telegraaf, the largest newspaper in The Netherlands earlier this week. In recent years we have seen the strangest things happening to our universities. Professors must be...
November 27th Episode
11/27/2021 8:25 AMLike or not politics infects everything financial. Paul Beatty's BT Global is up 100% in the last 18 months, he shares the name of a stock that's not receiving any attention despite offering the best value on the market. A don't miss quote of the week unless you're an...
Cybersecurity Update – Live Webinar
11/26/2021 5:49 PMJoin Plurilock CEO Ian Paterson on Monday Nov 29th at noon pacific time, 1pm MT, for an update on the cybersecurity sector, an overview of PLUR's string of acquisitions and record earnings in Q3, plus Q & A for investors considering adding cybersecurity to their...
Canadian Residential Real Estate Now Worth Over $6.1 Trillion, More Than 3x GDP
11/26/2021 12:37 PMCanadian housing is far outpacing the growth of its economy, shows government stats. That’s what 2020 home assessment values show, provided to us by Statistics Canada (Stat Can). Home prices added billions in value last year, as you might have guessed. What you may...
New German government cites crypto in coalition agreement
11/26/2021 12:16 PMThe new German government has cited crypto in its coalition agreement, advocating for an equal playing field between traditional finance and “innovative business models.” Three German political parties agreed to a coalition deal this week that will see left-leaning...
Coming Up on Tomorrow’s Show
11/26/2021 11:30 AMAfter a tumultuous Black Friday in the markets and the concerns around a new Covid variant, Mike and the team try to make sense of the trends. Paul Beatty joins Mike to share some stocks he hopes his fund will hold for 10 years or more, plus some of his shorter term...
Mike’s Poll Question
11/26/2021 10:19 AMHopefully you'll get a chance to unwind over the holiday season. In order to help out over the next few weeks we're going to ask a series of poll questions. Let's start with which streaming tv series would be your top recommendation.
Hillary Clinton: Regulate crypto to stop manipulation by Russia and China
11/25/2021 12:08 PMFormer Secretary of State Hillary Clinton has said that cryptocurrency markets need stronger regulations to protect against technological manipulation by Russia, China and others. Her comments on cryptocurrency were part of a larger segment in a Wednesday interview...
Burnaby refinery runs out of oil, halts refining
11/25/2021 11:55 AMTrans Mountain Corp. hopes to have the pipeline that supplies the Lower Mainland with oil for refining, as well as refined fuels from Alberta, back in operation by the end of this week, if, as the late songwriter Jerry Reed put it, “the good Lord's willing and the...
Schachter’s Eye on Energy for November 24th
11/24/2021 1:49 PMEach week Josef Schachter gives 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 &...
Rare Earth Elements: Where in the World Are They?
11/24/2021 1:27 PMRare Earths Elements: Where in the World Are They? Rare earth elements are a group of metals that are critical ingredients for a greener economy, and the location of the reserves for mining are increasingly important and valuable. This infographic features data from...
Canadian Entrepreneurs Are Quitting While Government Employment Soars
11/24/2021 11:24 AMCanada prides itself on being an ideal environment for entrepreneurs but stats disagree. Statistics Canada (Stat Can) employment data shows self-employment is shrinking. These individuals now represent the smallest share of employment since the early 1980s. At the...
Trading Desk Notes For November 20, 2021
11/23/2021 2:15 PMA handful of BIG cap tech stocks make all the difference The DJIA and the small-cap indices closed lower for two consecutive weeks (the DJIA fell as much as 1,000 points from last week’s high to this week’s low) – but the Nasdaq and the S+P 500 indices hit new...
El Salvador announces plans for a Bitcoin City
11/23/2021 1:48 PMEl Salvador will build a Bitcoin City powered by geothermal energy from a nearby volcano, President Nayib Bukele said (not on SNL) this weekend. The city will be circular in shape to resemble a bitcoin, and residents will encounter tributes to the crypto in the city’s...
You shall not pass: Tolkien estate blocks ‘The Lord of the Rings’ JRR Token
11/23/2021 1:16 PMThe Lord of the Rings-themed “JRR Token” has met a “bag end” after being forced to close up shop following legal action from the family and estate of the famed series’ author. J.R.R. Tolkien, who died in 1973. On Tuesday, Law360 reported that the Tolkien Estate had...
Visa and MasterCard’s duopoly is under threat
11/22/2021 2:55 PMIn the fast-changing world of payments, Visa is beginning to feel as left out as those of us who didn’t get invited to a Friendsgiving. Last week, Amazon said it would stop accepting Visa-branded credit cards from UK customers beginning next year. That move follows...
Looks like the start of a U-Turn on inflation. 2-year and 10-year yields jump.
11/22/2021 2:34 PMThe White House announced today that President Biden, eager to get something through the Senate without a long bruising fight, will re-nominate Republican Jerome Powell for a second term as chair of the Federal Reserve’s Board of Governors and will elevate Democrat...
Hunter Biden’s Private Equity Firm Facilitated $3.8 Billion Chinese Purchase Of American-Owned Cobalt Mine
11/22/2021 11:46 AMAn investment firm founded by Hunter Biden facilitated a $3.8 billion purchase of an American-owned cobalt mine by a Chinese conglomerate, placing a key resource used in the manufacture of electric car batteries under foreign control, according to the New York Times....
Why are investors turning to mortgage funds?
11/22/2021 11:18 AMReturns on GICs and “high-rate” savings accounts have been in general decline for decades. Investors in these low income-generating products now face an uphill battle as inflation accelerates, with countries printing money at an astounding rate. Real inflation numbers...
Revealed: Documents Show Bill Gates Has Given $319 Million to Media Outlets
11/22/2021 10:26 AMSEATTLE — Up until his recent messy divorce, Bill Gates enjoyed something of a free pass in corporate media. Generally presented as a kindly nerd who wants to save the world, the Microsoft co-founder was even unironically christened “Saint Bill” by The Guardian. While...
Scientists want to engineer bacteria to sustainability mine rare earths
11/22/2021 10:21 AMA new study published in Nature Communications describes a proof of principle for engineering a bacterium, Gluconobacter oxydans, that takes a first step towards meeting skyrocketing rare earth element demand in a way that matches the cost and efficiency of...
Quote of the Week & Goofy Award
11/20/2021 10:15 AMQuote of the Week In a world where feelings dominate over facts, acclaimed psychologist, Drew Weston's great insight into why our debates are so over heated. Hint: he's talking to you and me. Goofy Award Just another example of major companies bowing to China's...
Canada’s Poor Are Being Ignored – Mike’s Comment
11/20/2021 10:13 AMWe told him not to say it but he didn't listen. Mike talks COP26 as just the latest example of politicians giving the middle finger to the...
November 20th Episode of MoneyTalks
11/20/2021 8:25 AMDon Vialoux joins Mike to share some of his seasonal trading ideas as we head towards the traditional Christmas rally season, Victor Adair on the wild volatility in the market, and of course, the potential economic implications of the massive and tragic flooding in...
Coming Up on Tomorrow’s Show
11/19/2021 1:40 PMDon Vialoux joins Mike to share some of his seasonal trading ideas as we head towards the traditional Christmas rally season, Victor Adair on the wild volatility in the market, and of course, the potential economic implications of the massive and tragic flooding in...
Is US politics divisive enough to make crypto a partisan issue?
11/19/2021 12:06 PMAs the perceived legitimacy of blockchain technology increases, politicians in the United States have shown a growing interest in turning this non-partisan technology into a topic of political divisiveness. Speaking via video to an audience of the Bloomberg New...
The OPEC of Maple Syrup Taps Its Stockpile to Make Sure Your Pancakes Are Covered
11/19/2021 11:50 AMFear not, pancake lovers. The OPEC of maple syrup plans to dip into its sticky stockpile to cover a shortfall of the breakfast staple.The organization, Quebec Maple Syrup Producers, said it is draining nearly 50 million pounds of syrup from barrels in its strategic...
Grocers, feds vow to keep B.C.’s food supply-chain strong
11/19/2021 11:11 AMGrocers and governments are vowing that B.C.'s food supply chain will stay strong, in the wake of landslides and highway collapses that have strained the province's supply chain. Canada's Minister of Transport Omar Alghabra told media at an afternoon news conference...
‘I won’t be here next year’: Canadians robbed of life by delayed diagnoses amid pandemic
11/18/2021 12:22 PMBonnie Robinson is adamant about getting a mammogram every year. With a history of breast cancer in her family, the 73-year-old from Kemptville, Ont. understands the importance of getting her regular screens so any abnormalities are caught early, before becoming...
Supply chain crisis shows signs of gradually easing
11/18/2021 11:44 AMSlowly but surely, the supply chain bottlenecks that have plagued the global economy for over a year appear to be easing—or at least have been circumvented. The country’s largest retailers all said in unison this week that supply chain snags won’t play the role of the...
Definity raises $1.4B in largest Canadian IPO of 2021
11/18/2021 11:32 AMDefinity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., raised about $1.4 billion (US$1.1 billion) in the largest Canadian initial public offering of the year. A total of 63.6 million shares were sold for $22...
Schachter’s Eye on Energy for November 17th
11/17/2021 11:41 AMEach week Josef Schachter gives 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 &...
Another Fine Mess
11/17/2021 11:39 AM“This is a fine mess that you’ve gotten us into Ollie” ~ Stan Laurel to Oliver Hardy in Another Fine Mess 1930 Maybe “Houston, we have a problem” from the movie Apollo 13 is more apropos. We’re dealing with significant increases in inflation, record government debt,...
Australian baseball club Perth Heat to pay athletes in Bitcoin
11/17/2021 10:53 AMAustralian baseball club Perth Heat has announced a partnership with Bitcoin payment processor OpenNode to accept and make payments in Bitcoin (BTC). The partnership allows Perth Heat to pay professional players and staff in Bitcoin. According to the announcement, the...
Trudeau risks stoking inflation with stimulus plans, Scotiabank says
11/17/2021 10:35 AMPrime Minister Justin Trudeau’s government is at risk of adding to Canada’s inflation problem if it unveils more big-ticket spending measures this fall, a Bank of Nova Scotia economist said in a note to clients. Finance Minister Chrystia Freeland is expected to give...
Coastal GasLink pipeline is blockaded in new trouble for project
11/17/2021 10:23 AMThe B.C. government is calling for the blockades by the Gidimt’en clan of the Wet’suwet’en First Nation outside of the Coastal GasLink project to end. Starting at 5 a.m. Sunday, the clan told workers they had eight hours to “peacefully evacuate” the area before the...
Trading Desk Notes For November 13, 2021
11/15/2021 2:35 PMThe hotter-than-expected US CPI report rocked the markets Wednesday morning Gold spiked nearly $50 within 90 minutes of the CPI report and ended the week ~$100 (6%) above last week’s lows. Speculators in the gold futures market were net long a modest-sized position...
Canadian home sales hit annual record after 10 months
11/15/2021 11:34 AMThe Canadian real-estate market is heating back up, posting the strongest increase in sales since the beginning of the pandemic housing boom. Home sales surged 8.6 per cent in October from the month before, the biggest increase since July 2020 when the country was...
Quote of the Week, Shocking Stat & Goofy Award
11/14/2021 12:02 PMQuote of the Week Pandemic lockdown techniques being considered for imposing climate change policies. Shocking Stat The astounding inflation figure announced this week, and the permanent price increases it has generated. Goofy Award The bizarre story of a white...
Climate Activists vs The Poor
11/14/2021 11:45 AMWhile virtue signaling politicians and the climate activist industry celebrates reducing the supply of fossil fuel energy, it's the world's poor who suffer as prices skyrocket amidst massive...
November 13th Episode of MoneyTalks
11/13/2021 8:20 AMInflation trades, asset inflation and the unintended consequences of COP26 dominate the agenda. Market Timer extraordinaire Mark Leibvoit on opportunities in the cryptocurrency space, gold and the general market. Plus a great Goofy, Shocking Stat and much...
50% Off the VR Blockchain Newsletter
11/12/2021 3:18 PMMark Leibovit may be a little miffed when he finds out Michael has arranged a 50% discount for his listeners! And timing for this service couldn’t be any better as we see Blockchain technology emerge. Banking. Social Media. Email. Even entire governments. All will...
Coming Up on Tomorrow’s Show
11/12/2021 2:50 PMInflation trades, asset inflation and the unintended consequences of COP26 dominate the agenda on tomorrow's show. Plus Market Timer extraordinaire Mark Leibvoit on opportunities in the cryptocurrency space, gold and the general market. Plus a great Goofy, Shocking...
Christmas tree shortages are making trees more expensive and harder to find this year, but the reason is complicated
11/12/2021 12:49 PMGoing the way of hand sanitizer, toilet paper and gasoline, Christmas trees have become harder to find and a more expensive product during the COVID pandemic. But the reason it’s now difficult to find an affordable family tree is more complicated than a simple rush of...
Schachter’s Eye on Energy for November 12th
11/12/2021 11:58 AMEach week Josef Schachter gives 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 &...
This 26-year-old Canadian CEO is taking his autonomous truck company public in US$5B deal
11/12/2021 11:37 AMAlex Rodrigues knows all about automation. It’s a fascination that began back when he was a kid in suburban Alberta, building his own working robot in the seventh grade. Just under a decade later in 2016, after several software stints and dropping out of the...
From Amazon to Zoom: What Happens in an Internet Minute In 2021?
11/12/2021 11:07 AMFrom Amazon to Zoom: An Internet Minute In 2021 In our everyday lives, not much may happen in a minute. But when gauging the depth of internet activity occurring all at once, it can be extraordinary. Today, around five billion internet users exist across the globe....
EV start-up Rivian is valued above $90 billion after market debut, higher than GM or Ford
11/10/2021 12:18 PMShares of Rivian Automotive soared more than 26% on Wednesday, after the electric vehicle start-up made its market debut in one of the biggest IPOs this year. Rivian priced its shares at $78 a piece Tuesday night, above its range of $72 and $74. The stock began...
Rex Murphy: The country needs an opposition. Too bad O’Toole’s Conservatives seem too gutless to provide it
11/10/2021 11:03 AMIt is encouraging to see that the Conservative party has announced its shadow cabinet, as the party is in dire need of revitalization. Its election campaign was feeble and void of the slightest daring. It presented no core contrast with the Liberals and did not...
U.S. predicts oil market will be oversupplied by early next year
11/10/2021 10:47 AMThe U.S. government projected that the global oil market will become oversupplied and prices will fall by early next year, cooling expectations that the White House may tap the nation’s emergency reserves. Supply increases next year from OPEC nations as well as U.S....
Opinion: During COVID, the charter has been useless
11/09/2021 1:00 PMTen days ago the Manitoba Court of Queen’s Bench was the latest court to rebuff a constitutional challenge to COVID restrictions on civil liberties. Chief Justice Glenn Joyal ruled that provincial public health orders were constitutionally justifiable, joining courts...
Big News! 2022 World Outlook Financial Conference
11/08/2021 2:15 PMJames Thorne took a contrarian view at last year’s World Outlook Financial Conference forecasting the S&P 500 Index would hit 4500 in 2021, a 20% gain – as of today it’s up almost 23%! Ryan Irvine’s 2021 WOFC Small Cap Portfolio is up 114.5% - you read that right...
Incoming NY mayor wants crypto taught in schools
11/08/2021 12:47 PMNew York Mayor-elect Eric Adams appears to be doubling down on his pro-crypto stance, asserting that schools should incorporate cryptocurrency studies into their curricula. Speaking during a Sunday interview with CNN’s State of the Union, Adams described...
Oil might be double today’s prices without OPEC+, UAE says
11/08/2021 12:28 PMThe United Arab Emirates said oil prices would be even higher today if it wasn’t for OPEC+, signaling the group will continue resisting U.S. pressure to pump faster. “Fortunately, we have OPEC+,” UAE Energy Minister Suhail Al-Mazrouei said Monday at the Africa Oil...
Trading Desk Notes For November 6, 2021
11/08/2021 11:39 AMStocks soar to New All-Time Highs The worries that caused the major stock indices to slump ~6% in September have been forgotten – bullish sentiment has returned BIG TIME, and the indices have surged to All-Time Highs with the DJIA and the S+P rising for the past five...
Quote of the Week & Goofy Award
11/07/2021 11:59 AMQuote of the Week Prince Charles opens COP26 with the political blueprint for climate change. Hint: it doesn't involve democracy. Goofy Award At COP 26 no country out virtue signals Canada. No country's making a bigger carbon footprint... and guess what? You're paying...
Mike’s Comment – Questions About the Transition to Renewables
11/07/2021 11:45 AMAre we allowed to ask questions about the transition to renewables? Because if we are, Mike can't believe no one's asking this...
How Fauci Fooled America
11/06/2021 11:46 AMWhen the pandemic hit, America needed someone to turn to for advice. The media and public naturally looked to Dr. Anthony Fauci—the director of the National Institute of Allergy and Infectious Diseases, an esteemed laboratory immunologist and one of President Donald...
November 6th Episode of MoneyTalks
11/06/2021 7:31 AMMike gets in hot water talking about COP26. Greg Weldon, one of the most respected analysts in the business, details the biggest issue impacting your personal finances...don't miss it. Rob Levy on how you can get in the precious metals market for as little as $36....
Coming Up on Tomorrow’s Show
11/05/2021 2:17 PMGreg Weldon joins Michael to discuss what he refers to as "the market's dis-connect from reality" as asset prices soar on inflation, and the bond and currency markets fail to respond as expected. Mike shares his thoughts on the goofy lack of self-awareness by...
Diplomat Found Dead Outside Berlin Embassy Believed To Be Russian Intelligence Agent
11/05/2021 11:45 AMGerman security services believe that a man found dead in a street outside the Russian Embassy in Berlin last month was an undercover agent of Russia's FSB intelligence service, Der Spiegel reported on Friday. The body of the 35-year-old man was found early on Oct. 19...
The U.S. Considers Strategic Petroleum Reserve Release After OPEC+ Snub
11/05/2021 10:41 AMU.S. President Joe Biden is considering a release from the Strategic Petroleum Reserve (SPR) as a possible move to reduce gasoline prices in the United States, after OPEC+ ignored on Thursday calls for putting extra barrels on the market, U.S. Energy Secretary...
Canada’s employment engine shifts into lower gear
11/05/2021 10:10 AMCanada’s labor market continued to heal in October as retail businesses ramped up hiring, though the pace of gains has begun to cool. The economy added 31,200 jobs last month, Statistics Canada said Friday in Ottawa, missing expectations for a gain of 41,600 in a...
Group of investors purchase tungsten cube for $250,000
11/04/2021 11:17 AMCrypto investors mean that as a compliment of the highest order. Their growing obsession with cubes of tungsten, a material admired for its tightly packed particle structure, hit a new high this week. What happened: A group of investors called the TungstenDAO...
China Calls For Stronger Climate Actions Despite Not Attending The COP26
11/04/2021 10:28 AMTwo countries, two neighbors, two of the most populated countries in the world — China and India talked of their individual approaches to climate change at the COP26 summit in Glasgow, Scotland. The event was delayed by a year because of the COVID-19 pandemic. It...
Schachter’s Eye on Energy – November 3rd
11/03/2021 1:52 PMEach week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
Ontario won’t mandate COVID-19 vaccines for hospital workers
11/03/2021 11:29 AMPremier Doug Ford says that his government will not make vaccination mandatory for hospital workers amid concerns about staffing shortages in the sector. Ford made the announcement in a statement issued on Wednesday afternoon, effectively going against the advice of a...
Green Jobs Are a Cost, not a Benefit
11/03/2021 11:12 AMThe International Energy Agency recently reported that shifting to clean energy will create between 13 and 26 million jobs by 2030. They present this as a benefit, but that’s misleading; jobs are not a benefit but a cost. That might sound counterintuitive, but it’s...
Cenovus launching share buyback, doubling dividend
11/03/2021 10:52 AMCenovus Energy Inc. is rewarding patient shareholders as surging cash flow puts the oil and gas producer on track to hit its debt target. In a release early Wednesday, Cenovus announced it will double its quarterly dividend to 3.5 cents per share as of the fourth...
Canadian Real Estate Prices Are Overvalued By Up To 91%: Moody’s
11/02/2021 10:28 AMCanadian real estate is very overvalued, according to a massive credit rating agency. Moody’s Analytics released its Canadian real estate model this week. The firm’s model shows markets are overvalued by up to 91% across the country. As disastrous as that sounds, the...
Oil patch execs fear Trudeau’s ‘reckless’ energy emissions cap
11/02/2021 9:43 AMThe federal government must work co-operatively with industry as it looks to draft an emissions cap for the oil and gas sector, Alberta business leaders said Monday, or risk far-reaching consequences for the Canadian economy. In an interview Monday, Grant Fagerheim,...
Elon Musk Says Will Sell Tesla Stock if UN Can Describe How $6B Solves Hunger Crisis
11/01/2021 12:39 PMElon Musk said he'd sell Tesla stock and donate the proceeds if the UN could prove that just a tiny percentage of his wealth could save tens of millions of lives. Musk was responding to comments by David Beasley, the director of the UN's World Food Programme, who told...
Trading Desk Notes For October 30, 2021
11/01/2021 11:35 AMTesla soars – stock indices hit new All-Time Highs Tesla’s market cap was ~$1.14 Trillion at the end of October- up ~$340B for the month. $340B is more than the total market cap of 481 of the companies in the S+P 500. Massive buying of (very) short-dated call options...
Canadian Sisters Win Defamation Case After Social Media Campaign Alleged They Mocked George Floyd’s Murder
11/01/2021 10:58 AMTwo Ontario sisters have been awarded $100,000 in a defamation suit against an activist who started a social media campaign against them, alleging a Snapchat video they made mocked the murder of George Floyd. The sisters, Shania and Justine Lavallee, were both fired...
East Vancouver home on block designated for six-storeys sold at double assessed value for $2.8 million
11/01/2021 10:19 AMHere’s an example of how zoning for more density increases land value. On July 28, 2016, Vancouver city council approved the Grandview-Woodland Community Plan. The plan provides direction for residential and other developments in the area bounded by Clark Drive,...
Wheat prices surge to 2012 high, threatening to speed food inflation
11/01/2021 9:45 AMBenchmark wheat in Chicago climbed above US$8 a bushel for the first time in almost nine years amid growing inflation pressures that threaten to raise already soaring food prices worldwide. Futures linked to other grain varieties in the U.S. and Europe also surged,...
Quote of the Week, Shocking Stat & Goofy Award – Oct 30th
10/31/2021 10:40 AMQuote of the Week In January the PM predicted what the impact of a vaccine mandate would be...and he was right. Shocking Stat Two stats this week surprised even those people who've been saying that inflation's going to be a problem for consumers and business. Goofy...
Mike’s Comment – Oct 30th
10/31/2021 10:32 AMMike talks about the message behind the most controversial cabinet pick in memory that even had Liberal heads...
October 30th Episode
10/30/2021 7:28 AMOne senior Liberal is quoted as calling Steven Guibeault's selection as Environment Minister "vandalizing the economy." Plus ace oil analyst, Eric Nuttall on the surprising future of oil, and the Prime Minister's thoughts on the impact of a vaccine mandate...made last...
Premier’s office to be exempt from scrutiny under law changes: Michael McEvoy
10/29/2021 1:44 PMB.C.'s premier’s office would be exempt from citizen’s information requests under proposed Freedom of Information and Privacy Act changes, the provincial information and privacy commissioner has said. In an open letter to Minister of Citizen’s Service Lisa Beare,...
Green Energy: A Bubble In Unrealistic Expectations
10/29/2021 11:59 AMSponsor content received from Integrated Wealth Management This week’s EVA provides another sneak preview into David Hay’s book-in-process, “Bubble 3.0” discussing what he thinks is the crucial topic of “greenflation.” This is a term he coined referring to the rising...
Coming Up on Tomorrow’s Show
10/29/2021 10:24 AMEric Nuttall, senior portfolio manager of the Ninepoint Energy Fund and National Post columnist, joins Michael to share his thoughts on the "generational" opportunities in the Canadian energy sector - despite the impact of ESG and Canadian green policy decisions. Plus...
Federal deficit hits $57B nearing halfway of fiscal year
10/29/2021 9:30 AMThe federal government ran a deficit of more than $57 billion over the first five months of its fiscal year, about $114 billion less than the treasury pumped out during the same stretch one year earlier. The Finance Department's regular fiscal monitor says the...
U.S. economic growth rate slows to 2% on a sharp slowdown in consumer spending
10/28/2021 12:12 PMU.S. economic growth slowed more than expected in the third quarter to the softest pace of the pandemic recovery period as snarled supply chains and a surge in COVID-19 cases throttled spending and investment. Gross domestic product, a sum of all the goods and...
NYC firefighters union says members should defy vaccine mandate
10/28/2021 11:50 AMThe head of the New York City firefighters union said on Wednesday he had told unvaccinated members to report for duty regardless of an order by Mayor Bill de Blasio to place them on unpaid leave if they fail to get the COVID-19 shot. New York City firefighters who...
Michigan students would be required to pass personal finance class under new bill
10/28/2021 10:51 AMMichigan lawmakers are considering a change to high school curriculum by requiring students to complete a personal finance course before graduation. The House Committee on Education heard testimony about House Bill 5190, which would mandate all students pass a...
Man making $40k/year bought $32m in Vancouver real estate via CCP-linked offshore accounts
10/28/2021 9:54 AMA citizen of the People’s Republic of China reported average annual earnings of $40,615 to Canadian border agents yet went on to buy $32 million worth of Vancouver real estate after moving $114 million from Hong Kong-based depositors with connections to organized...
Nearly 30% Of Canadian First-Time Home Buyers Received “Gifts” For A Down Payment
10/27/2021 11:52 AMA CIBC Capital Markets analysis shows 30% of first-time homebuyers received a down payment “gift.” Not a little help either, but it was the primary source of funds for the majority that received a gift. It’s now occurring at such a scale, it might be driving home...
Schachter’s Eye on Energy – October 27th
10/27/2021 10:49 AMEach week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
Canada’s new environment minister is ex-Greenpeace activist once arrested for scaling CN Tower
10/27/2021 10:34 AMCanada’s new environment minister will be a former Greenpeace activist who was once arrested for scaling Toronto’s CN Tower during a 2001 protest, Prime Minister Justin Trudeau announced on Tuesday. In a news release naming his new cabinet, Mr Trudeau named Steven...
Bank of Canada ends QE; moves up timeline for rate hike
10/27/2021 10:06 AMThe Bank of Canada has ended its bond-buying stimulus program and accelerated the potential timing of future interest rate increases amid worries that supply disruptions are driving up inflation. In a statement on Wednesday, policy makers led by Governor Tiff Macklem...
Jeff Bezos announces plans to build private space station
10/26/2021 12:03 PMJeff Bezos' Blue Origin on Monday announced it wants to launch a space station that will house up to 10 people in the second half of the decade, as the race to commercialize the cosmos heats up. "Orbital Reef," described in a press statement as a mixed-use business...
Expensive lumber makes a return amid supply cuts, labour shortages
10/26/2021 11:14 AMHigh lumber prices are back, even as the industry steps into what is normally a seasonal lull. Prices are climbing amid tight supplies and a pickup in homebuilding. Western Canada is seeing reduced output and the U.S. south is grappling with labor shortages. The U.S....
Metro Vancouver utility fees could spike to almost $1,000 by 2026
10/26/2021 10:17 AMMetro Vancouver’s annual utility fees are projected to climb 65% over the next half-decade to almost $1,000 annually by 2026, a massive spike as the region races to replace costly and aging infrastructure. In 2021, a household paid roughly $574 to the regional body, a...
BTC price model creator: Bitcoin bull market ‘2nd leg has started’
10/26/2021 9:51 AMBitcoin (BTC) marking a new high of $67,000 last week has opened the possibility of hitting $100,000 by the end of this year. PlanB, creator of the popular Bitcoin Stock-to-Flow (S2F) model, called Bitcoin’s price retracement from the $60,000-level the “2nd leg” of...
Hamilton Capital Partners: Canadian bank dividends could rise 25% when restrictions lifted
10/25/2021 12:22 PMCanada’s largest banks could raise their dividends as much as 25 per cent once regulators allow them to increase their payouts, according to an investment firm that focuses on financial stocks. The dividend increase of 20 per cent to 25 per cent could happen even if...
Trading Desk Notes For October 23, 2021
10/25/2021 10:24 AMNew All-Time Highs for the leading stock indices – but “rotation” rules. The S+P and the DJIA came roaring back and hit new All-Time highs after that tiny 6% dip in September (capital flows show that retail and hedge funds Bought-The-Dip), but the tech-heavy Nasdaq...
BMO: The Bank Of Canada Has No Justification To Continue Extreme Stimulus
10/25/2021 9:58 AMIt’s time to take off the training wheels for Canada’s economy, which is now looking overstimulated. That’s the take from BMO‘s Douglas Porter, who sees stimulus coming to an end as early as this week. The Bank of Canada (BoC) is increasingly looking out of touch with...
The Goofy Award
10/24/2021 12:07 PMThis won't be popular - but it's on the short list for ugliest secret in Canadian business (and for consumers) that no one wants to talk...
Quote & Shocking Stat of the Week
10/24/2021 12:00 PMQuote of the Week Two former central bankers warn that history shows that the Fed Reserve and Bank of Canada can't just turn inflation on and off. Shocking Stat of the Week Lots of talk about transitioning to renewables and EVs but not much about the astounding cost....
Mike’s Comment – Oct 23rd
10/24/2021 11:52 AMI know we shouldn't say it but it's deja vu all over again with COP26 ready to go in Glasgow - lots of agreements but no practical...
Oct 23rd Episode of MoneyTalks
10/23/2021 7:42 AMGet the poison pens ready for Mike's editorial on COP26. Kyle Green on mortgage moves as rates rise. Keystone's Aaron Dunn recommends 3 stocks. Note: his top recommendation from his last appearance in Feb is up 51%. Plus two central bankers on why you should be...
Live Webinars – Position Your Stock Portfolio for 2022 & Beyond
10/22/2021 1:37 PMOur friends at Keystone Financial, Ryan Irvine and Aaron Dunn, will be hosting their last live webinars of 2021. If you are looking to fix your existing portfolio or finally take the plunge and build a simple 15-25 stock portfolio consisting of well-researched growth...
Coming Up on Tomorrow’s Show
10/22/2021 12:26 PMWe're diving into the implications of interest rate hikes - to your mortgage, your portfolio and the economy. One report from Scotiabank projects EIGHT hikes in the next two years. Plus some ideas for income and dividend stocks from Aaron Dunn - also likely to be...
Canadian CyberSecurity Firm’s Continued Worldwide Expansion
10/22/2021 11:22 AMYou may have heard Ian Paterson, CEO of BC-based Plurilock Secuirty Systems on MoneyTalks discussing with Mike the booming business of cybersecurity. Ian also explained his company's strategy for world-wide expansion, and hinted a new acquisition might be in the...
Nova Scotia eyeing taxes for homebuyers coming from outside the province
10/22/2021 11:22 AMBuying a home in Nova Scotia may soon be more expensive for people from outside the province. Premier Tim Houston has instructed Finance Minister Allan MacMaster to implement a deed transfer tax on any property purchased by individuals who do not pay taxes in Nova...
Vancouver restaurant, facing staff shortage, offers $50,000 salary for a dishwasher
10/22/2021 9:49 AMA job posting for a dishwasher at a Vancouver restaurant is gaining plenty of attention for its pay — $50,000 a year to be exact. The Indeed job posting is for a dishwasher at Handi Grill. The posting said: "Pay per hour will be $25.00 for 40 hours per week. This is a...
International Energy Agency Says Canada’s Oil Industry Is Facing Resistance On All Fronts
10/22/2021 9:27 AMAccording to the International Energy Agency (IEA), Canadian oil is set to decline within the next decade. That has not stopped funding from flooring into new projects however as producers aim to milk the country’s oil reserves for all they’re worth before that. The...
Alberta inquiry finds no wrongdoing in anti-oilsands campaign despite foreign funds
10/21/2021 11:08 AMCanadian environmental groups did nothing wrong when they accepted foreign funding for campaigns opposing oilsands development, a public inquiry has reported. In his much-delayed report released Thursday, Steve Allan, commissioner of the Inquiry into Anti-Alberta...
Venezuelans Break Off Flakes of Gold to Pay for Meals and Haircuts
10/21/2021 9:59 AMTo fathom the magnitude of Venezuela’s financial collapse, travel southeast from Caracas, past the oil fields and over the Orinoco River, and head deep into the savanna that blankets one of the remotest corners of the country. There, in the barber shops and...
Canadian racing driver and Instagram influencer accused of ‘massive fraudulent’ scheme that defrauded investors of millions
10/21/2021 9:59 AMCanadian race car driver Josh Cartu strikes a glamorous posture on social media: surrounded by expensive sports cars, hobnobbing with movie stars and fashion models, and travelling on his private jet to European party hotspots such as Ibiza and Cannes. Cartu, who grew...
Supply chain backups and shortages are causing all kinds of consumer woes, including low or missing stock.
10/21/2021 9:28 AMCalifornia's governor has issued an executive order to address the shortage of truck drivers and container storage to try to move critical cargo out of the state’s ports and alleviate congestion. The order directs agencies to find state, federal and private land for...
Schachter’s Eye on Energy – October 20th
10/20/2021 1:06 PMEach week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
What’s Made from a Barrel of Oil?
10/20/2021 11:33 AMFrom the gasoline in our cars to the plastic in countless everyday items, crude oil is an essential raw material that shows up everywhere in our lives. With around 18 million barrels of crude oil consumed every day just in America, this commodity powers transport,...
B.C. to reopen sports arenas, concerts to max capacity
10/20/2021 10:13 AMCanucks players will likely be hearing more cheers from the crowd at Rogers Arena than previously expected when the puck drops for the NHL team’s home-opener next week. Provincial health officer Dr. Bonnie Henry announced Tuesday B.C. would return to 100% capacity at...
Peter Thiel says bitcoin at $60,000 is a sure sign the ‘decrepit’ political system is about to implode
10/20/2021 9:59 AMThe US political system is not sustainable and the skyrocketing price of the decentralized cryptocurrency bitcoin underscores that point, says tech billionaire Peter Thiel, according to a report from The Information. "I don't know that you should put all your money...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Oct 16th Episode of MoneyTalks
10/16/2021 7:30 AMWhat "rights" specifically does the Charter guarantee? Plus the Build Back Better crowd wants to "reimagine capitalism" despite failing to anticipate every major financial and economic trend in the last decade. Ace stock trader and teacher, Tyler Bollhorn what every...
Free Webinar – 3 Things You MUST Do To Make $ In The Stock Market
10/15/2021 1:27 PMWhether you are a trader or an investor, experienced or just getting started, there are some simple things that you can do now to improve your performance in the stock market. This one hour presentation hosted by Tyler Bollhorn will be worth every minute as it...
Coming Up On This Week’s Show
10/15/2021 1:17 PMThe pandemic has brought the question of "rights" to the fore, along with issues of free speech or access to timely health care. Legal expert Rob Grant joins Michael to clarify what rights Canadian actually enjoy. Plus stock trading ideas from master educator Tyler...
Vancouver construction firm turns to robotics to address housing challenges
10/15/2021 8:57 AMRobots are not taking to B.C. construction sites to build the next generation of homes. At least not yet. But if one hears from a friend that robotic arms played a big part in the building of their humble abode, it may be closer to fact than fiction in the coming...
Bitcoin tops $60,000 for first time in six months as traders bet on ETF approval
10/15/2021 8:44 AMBitcoin climbed above $60,000 Friday, pushing the digital coin further toward its all-time high, as traders speculated U.S. regulators would clear the first bitcoin futures exchange-traded fund. The world’s biggest cryptocurrency surged as high as $60,314, notching...
Canadian housing market posts first sales gain in 6 months
10/15/2021 8:38 AMCanada posted its first nationwide home sales increase in six months as the end of summer vacations and a steadily improving economy boosted the market. National home sales rose 0.9 per cent in September from the month before, the first monthly increase in...
Schachter’s Eye On Energy – October 14th
10/14/2021 12:50 PMEach week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
CBC Edmonton news report featuring a mannequin was filmed at a training facility, not in a hospital Intensive Care Unit
10/14/2021 11:34 AMA news report released by CBC Edmonton on how an Intensive Care Unit (ICU) operates which featured a mannequin and was later used for other stories aired on the channel was not filmed inside an ICU and is not evidence that the pandemic is a “scam” despite claims made...
Microsoft to shut down LinkedIn website in China as internet censorship increases in the country
10/14/2021 11:25 AMMicrosoft announced Thursday it will shut down its local version of LinkedIn in China as the country continues to expand its censorship of the internet. LinkedIn was the last major U.S. social network still operating in China, which has some of the strictest...
Global gas crisis is spilling over into oil markets, IEA says
10/14/2021 9:57 AMShortages of natural gas in Europe and Asia are boosting demand for oil, deepening what was already a sizable supply deficit in crude markets, the International Energy Agency said. Crude has surged above US$80 a barrel, the highest in three years, as traders...
Canadian Bond Yields Hit Pre-Pandemic Levels, A Sign Higher Mortgage Rates Are Near
10/13/2021 12:06 PMThe Canadian bond market is sending real estate a message — credit is going to tighten. Government of Canada (GoC) 5-year bond yields hit the highest level in a year today. Yields for the segment are now triple the level they were last year. Since GoC bond yields...
‘No growing support’ for fossil fuel divestment: RBC
10/13/2021 11:42 AMWorking with the fossil fuel industry to improve its environmental impact is seen as more effective than divesting from the emissions-heavy sector, according to RBC Global Asset Management's latest survey on environmental, social and governance-focused (ESG)...
Employment numbers show bureaucrats benefit while private sector struggles
10/13/2021 11:07 AMStatistics Canada’s employment numbers released today show Canadians working outside government have struggled while the bureaucracy continues to grow. “There’s been a tale of two pandemics in Canada: one full of private sector pain, the other full of politicians and...
How Democracy Ends
10/13/2021 10:36 AMHow Democracy Ends: COVID19 policy shows a (potential) path to the end of America The pandemic events of 2020-2021 outline a potential pathway for a future democratically elected President of the United States to systematically end democracy. The course of events...
U.S. to reopen land borders to vaccinated Canadians
10/13/2021 10:22 AMFully vaccinated Canadian vacationers and day-trippers will be allowed to drive into the United States beginning in early November, the Biden administration said Tuesday, the first glimmer of hope in nearly 20 months for the families and businesses that depend on...
Is Decarbonization Threatening Europe’s Energy Security?
10/12/2021 12:39 PMLater this month about 25,000 people are headed to Glasgow for the 26th annual United Nations Framework Convention on Climate Change (UNFCCC), known as COP26. The UK, this year’s host of the Conference of the Parties, has asked participants to submit more ambitious...
EU launches first green bond with record size and demand
10/12/2021 12:09 PMThe European Union sold its first ever green bond to record demand on Tuesday, taking its first step to potentially become the biggest issuer of environmentally-friendly debt with a record-sized deal. The 15-year green bond raised 12 billion euros ($13.9 billion) and...
There’s a big message in how to invest and trade the markets in the movement of energy. Learn it or miss out. Trading Desk Notes brought to you by Victor Adair!
10/12/2021 11:18 AMEnergy prices are smoking hot The Chart Of The Week is UK Natural Gas. Nearby futures hit All-Time highs in August – then quadrupled from there by early this week – only to fall in half by Friday (Putin indicated that Russia could increase supply.) New York Natural...
Coinbase is launching a marketplace for NFTs
10/12/2021 10:28 AMCoinbase is getting into NFTs. The cryptocurrency exchange said Tuesday it plans to launch a marketplace that lets users mint, collect and trade NFTs, or non-fungible tokens. Users can sign up to a waitlist for early access to the feature, the company said. NFTs are...
CFIB urges feds to tighten recovery benefit, extend other aid
10/12/2021 10:21 AMWith some key federal COVID-19 support programs set to expire in less than two weeks, the Canadian Federation of Independent Business (CFIB) is urging the federal government to extend and adjust its aid. The CFIB represents almost 100,000 small and medium-sized...
A former Navy nuclear engineer and his wife have been arrested on espionage charges
10/12/2021 10:15 AMA former nuclear engineer officer in the U.S. Navy and his wife have been arrested on espionage charges, after allegedly attempting to sell secrets about submarines to a foreign entity, according to court records unsealed Sunday. The Department of Justice says...
Quote of the Week, Shocking Stat & Goofy Award
10/10/2021 2:58 PMQuote of the Week Two top experts weigh in on why dissenting opinions on Covid must be entertained not censored. Note: Canadian officials and most media disagree. Shocking Stat Rising inflation expectations could threaten the entire financial system. That's why...
Mike’s Comment
10/10/2021 2:47 PMNatural gas up 40% in a few hours. What scares me is that I see no indication that policymakers get the message. Do...
We’re On! Entire Show – Oct 9th
10/09/2021 7:30 AMNat gas rose 40% in one night - yeah...one night but that's not the story. Josef Schachter on why long term energy prices from coal to oil look higher. And what to make of Facebook's wicked week with Blake Corbett - plus a pandemic quote of the week and a goofy that...
Vancouver council moves on after parking fee rejected
10/08/2021 11:43 AMAfter a contentious parking fee plan marketed as addressing the climate crisis was narrowly voted down, Vancouver city councillors are looking for other avenues to address the problem. Transportation will continue to be a major focus, according to some councillors....
British Columbia may axe deep well credits for oil and gas
10/08/2021 11:06 AMRoyalties and tax credits for B.C.’s oil and gas industry are outdated, piecemeal, complex, and don’t provide the societal benefits that they should, according to an independent assessment by two public policy and energy experts commissioned by the B.C. government to...
Tesla moves headquarters from California to Texas
10/08/2021 10:26 AMTesla is moving its headquarters from Palo Alto, California, to Austin, Texas, CEO Elon Musk announced at the company’s shareholder meeting on Thursday. The meeting took place at Tesla’s vehicle assembly plant under construction outside of Austin on a property that...
Canada returns to pre-pandemic employment levels
10/08/2021 10:20 AMCanada has recovered all of the roughly three million jobs lost to COVID-19. The country’s economy added 157,100 jobs in September, returning the labor market to pre-pandemic levels, Statistics Canada said Friday in Ottawa. That compares with economists’ expectation...
All the Metals We Mined in One Visualization
10/08/2021 10:00 AMMetals are all around us, from our phones and cars to our homes and office buildings. While we often overlook the presence of these raw materials, they are an essential part of the modern economy. But obtaining these materials can be a complex process that involves...
Global Stagflation Reminiscent Of The 1970s Is Forming, And It’s Bad News: National Bank
10/07/2021 11:04 AMDust off the disco ball and rolled up dollar bills, because the 1970s are back. At least the signs of 70s-style stagflation are forming, according to one of Canada’s Big Six banks. National Bank of Canada (NBC) chief economist Stéfane Marion warned clients of the...
These are the 3 main drivers behind bitcoin’s 35% rally over the past week, according to JPMorgan
10/07/2021 10:48 AMBitcoin has staged an epic rally since its lows near $40,000 in late September, surging almost 35% and easily passing by key technical resistance levels. Driving bitcoin's surge past a $1 trillion market valuation are are range of factors, including increased appetite...
Recession ‘virtually guaranteed’ amid energy squeeze: David Rosenberg
10/07/2021 10:22 AMDavid Rosenberg said its growing increasingly likely Canada will fall into a period of recession in the near-term as the headwinds against the economy continue to stack up. “Compounding all the other issues on the supply side globally is this energy squeeze we’re...
Vancouver’s war on car owners set to shift into overdrive in 2022
10/06/2021 12:11 PMThe City of Vancouver’s incessant guerilla assault on car and truck owners has taken on many shapes over the years. But 2022 offers the prospect of an inflection point, from a period of annoyance to one of absurdity. A proposal before the city’s council this week...
Schachter’s Eye On Energy – October 6th
10/06/2021 10:47 AMEach week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
Conference Board CUTS Canada Growth Forecast
10/06/2021 10:17 AMThe Conference Board of Canada released its two-year economic outlook and forecasts that Canada’s real gross domestic product (GDP) will grow 5.1 per cent in 2021. Our projection for the year is down from previous estimates largely because the Canadian economy...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Shocking Stat – Oct 2
10/03/2021 4:35 PMEnergy prices are screaming higher - and there's a reason why the upward pressure won't stop.
Mike’s Comment Oct 2
10/03/2021 4:28 PMIf you didn't anticipate Trump's election, Brexit, the storming of the Capital Building and global unrest then you need to understand the dominant trend to know what's coming...
Trading Desk Notes For October 2nd
10/02/2021 12:05 PMMajor stock indices drop to 10-week lows – then bounce The most significant broad market decline since Biden’s election (S+P and DJIA down ~6%, Nasdaq 100 down ~7.5%) happened right on schedule. For the previous 35 years, September (especially the 2nd half) has...
Aaaand… We’re On! Entire Show – October 2nd
10/02/2021 7:28 AMMike talks about the driving force behind social, economic and financial change with renowned and controversial forecaster, Martin Armstrong - along with the coming monetary crisis. Ozzie on the CMHC latest prediction, a shocking stat for the climate crowd and don't...
Coming Up on This Week’s Show
10/01/2021 2:26 PM"It's best to know what is coming." So says world-renowned analyst Martin Armstrong about his less than optimistic forecasts. Martin joins Michael to discuss problems in the global monetary system, where capital is flowing and the implications for your financial...
Canada Is Running Low On Cheap Labor As Immigration Remains Minimal: BMO
10/01/2021 11:42 AMImmigration to Canada is improving from pandemic lows, but it’s still weak. A BMO economics analysis shows the net flow of non-permanent residents was minimal in Q2 2021. It’s better than the beginning of the pandemic when the flows were negative, but not by much. The...
El Salvador has just started mining bitcoin using the energy from volcanoes
10/01/2021 10:22 AMEl Salvador has mined 0.00599179 bitcoin, or about $269, with power harnessed from a volcano. President Nayib Bukele – who has banked his political future on a nationwide bitcoin experiment – tweeted early Friday morning that this is the country’s maiden voyage into...
Affirm’s ‘super-app’ ambitions win praise as company plots debit, crypto moves
10/01/2021 9:59 AMAffirm Holdings Inc. is joining the ranks of fintech companies vying for “super-app” status as the company plans a series of feature introductions that will broaden its platform beyond buy-now pay-later capabilities. Fintech companies in the U.S. are increasingly...
Canadian economy bounces back during summer reopenings
10/01/2021 9:53 AMCanada’s economy returned to growth as consumers headed back to restaurants and entertainment venues, propelling spending on services. Gross domestic product rose 0.7 per cent in August, Statistics Canada said in a flash estimate from Ottawa. That’s a reversal from...
New Zealand is considering launching its own digital currency as it sees opportunity for payments innovation
09/30/2021 11:28 AMNew Zealand's central bank is looking at the potential of creating a digital currency, with officials in a report Thursday saying such a project could foster further innovation in the country's payments system. The Reserve Bank of New Zealand sought public feedback on...
Gold price shoots higher on US labor data disappointment
09/30/2021 10:10 AMGold prices advanced past the key $1,750 level on Thursday as investors sought haven after a new labor report pointed to an uneven recovery in the US jobs market. Spot gold rose 1.7% to $1,757.38 per ounce by 11:55 a.m. EDT, its highest level in more than a week. US...
Compound supply bug mistakenly rewarded users with $70M in tokens
09/30/2021 10:05 AMDecentralized finance (DeFi) interest rate protocol Compound Finance has reported a token distribution bug within its newly implemented Proposal 062, which is over-rewarding suppliers into the tens of millions of dollars. The upgrade was designed to “split COMP...
Someone is betting that oil will soar to a record US$200 a barrel
09/30/2021 9:55 AMCould the energy crunch get so bad that oil prices hit US$200 a barrel? One options trader thinks so. Brent US$200 calls for December 2022, options contracts that would profit a buyer from a rally toward that level, traded 1,300 times on Wednesday. While the contracts...
G-7 Ministers Set to Meet on Reopening International Travel
09/30/2021 9:49 AMTransport and health ministers of the G-7 countries are due to meet virtually on Thursday to discuss ways to restart international travel, according to people familiar with the matter. The meeting is being organized by the U.K., which holds the presidency of the Group...
Schachter’s Eye On Energy – September 29th
09/29/2021 11:29 AMEach 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 (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
Rare Mew Pokémon Oreos Are Selling For Thousands
09/29/2021 10:32 AMThe best quick-buck scheme of the year isn’t GameStop stock, cryptocurrency, or reselling next-gen consoles. It’s...Pokémon Oreos? Oreos emblazoned with designs of Mew, the psychic-type feline Pokémon, are currently selling for hundreds if not thousands of dollars on...
Canadian food inflation nearly double what official data suggests: Study
09/29/2021 10:09 AMClimate change and the COVID-19 pandemic are causing food prices in Canada to rise, but a new study suggests the official data is underestimating the increase. According to Statistics Canada, food prices are up 2.7 per cent over the past 12 months. But, new research...
Enbridge’s long-delayed Line 3 oil pipeline project to start up Oct. 1
09/29/2021 10:00 AMEnbridge Inc said on Wednesday its Line 3 pipeline replacement project will begin operating on Oct. 1, the first successful major expansion of Canadian crude export capacity in six years, clearing hurdles that other projects were unable to overcome. Its completion is...
Military leaders saw pandemic as unique opportunity to test propaganda techniques on Canadians, Forces report says
09/28/2021 5:17 PMCanadian military leaders saw the pandemic as a unique opportunity to test out propaganda techniques on an unsuspecting public, a newly released Canadian Forces report concludes. The federal government never asked for the so-called information operations campaign, nor...
Natural Gas Prices Sent Skyrocketing Amid Concerns Over Tight Supplies
09/28/2021 11:16 AMThe price of natural gas has soared to a 13-year high, as fears over scarcity ahead of the winter months intensifies. October futures for natural gas jumped by more than 10% on Monday to close at US$5.86 per million Btu, marking the sharpest increase since February....
Financial stress is taking a physical toll on young Canadians, survey finds
09/28/2021 10:44 AMFor the past several years, the strain of financial stress has left Safiya Mayers with depression, anxiety, fatigue, aching muscles, weight fluctuations and chest pains. The 25-year-old facilities coordinator in Toronto said she experienced considerable stress paying...
Housing-market risk jumps to high in Canada government rating
09/28/2021 10:36 AMCanada’s housing agency said the country is now at high risk of a sharp correction in home valuations as the continued appreciation in prices becomes unmoored from economic fundamentals. The Canada Mortgage and Housing Corp. raised its market risk assessment to high...
Trading Desk Notes For September 25th, 2021
09/27/2021 2:24 PMEvergrande Monday The Dow Jones futures contract dropped >1,300 points from last Friday’s highs to Monday’s lows and then rallied back > 1,300 points to Thursday’s highs – a ~2,600 point round trip in five trading sessions. Here’s my take: The leading stock indices...
Ethereum developer pleads guilty for conspiracy to violate sanctions laws
09/27/2021 11:54 AMEthereum developer Virgil Griffith has pleaded guilty to a federal charge that he conspired with North Korea to violate United States sanctions law. On Monday, Griffith pleaded guilty in New York to conspiring to violate the International Emergency Economic Powers...
Big Fat Idea – Shifting Away from Bonds
09/27/2021 10:54 AMMany investors are fearing a crash. Stocks are at record highs. Inflation is on the rise. More COVID waves and variants. Supply chain issues. An increasingly chaotic political environment under the Biden & Trudeau administrations. Etc. Etc. Etc. But the real risk is...
Global oil demand seen reaching pre-pandemic levels by early 2022
09/27/2021 10:31 AMGlobal fuel demand is expected to reach pre-pandemic levels by early next year as the economy shrugs off pandemic woes, but spare refining capacity is likely to weigh on outlook, oil producers and traders said on Monday. While a persistent rise in COVID-19 infections...
The Legend of the $1 Trillion Platinum Coin
09/27/2021 10:04 AMYou may have heard that a deadline to suspend the debt ceiling is rapidly approaching, and if lawmakers don’t do anything it could lead to “economic catastrophe,” in the words of Treasury Secretary Janet Yellen. But what if we told you there was a solution to the debt...
Boris Johnson ‘considering use of British Army’ to drive fuel trucks as pumps run dry
09/27/2021 9:57 AMThe British government is said to be considering whether to call in soldiers to deliver fuel to petrol stations as pumps ran dry after days of panic buying. Emergency measures were triggered on Sunday evening, with Business Secretary Kwasi Kwarteng choosing to suspend...
Quote of the Week & Shocking Stat
09/26/2021 1:32 PMQuote of the Week Nobel Laureate Bertrand Russell on the danger of faux certainty in the absence of evidence. Shocking Stat Poll results say post election we're more divided than ever but the damage is more profound than...
Mike’s Comment – Sept 25
09/26/2021 1:23 PMSame old politics - just as nasty along with the free lunch express - but the question is, would we have it any other...
Goofy Award
09/25/2021 11:18 AMThe two Michaels are free but that doesn't excuse the lack of attention to China's election...
Entire Show – September 25th
09/25/2021 7:30 AMThe campaign - a return to old time politics but would we have it any other way? Vision Capital's Jeff Olin says there's an unprecedented opportunity in real estate complete with specific recommendations. The Goofy asks - the two Michaels have been released but there...
Webinar: Don’t Be Fooled – It’s About the Bond Market
09/24/2021 2:23 PMMany investors are fearing a crash. Stocks are at record highs. Inflation is on the rise. More COVID waves and variants. Supply chain issues. An increasingly chaotic political environment under the Biden & Trudeau administrations. Etc. Etc. Etc. BUT THE REAL RISK IS...
Unprecedented Time Never Seen in History – Tomorrow’s Show
09/24/2021 11:04 AMThis is how Jeff Olin of Vision Capital describes the current situation in the real estate markets - where low cost mortgages are available at the same time inflation causes asset values to rise. On tomorrow's show to hear the specific stocks his fund is favouring...
U.S. household net worth jumps to record $142 trillion
09/24/2021 9:24 AMTotal U.S. household net worth — the value of all assets minus liabilities — jumped by $5.8 trillion to a record $141.7 trillion at the end of June, according to a report from the Federal Reserve released Thursday. The value of corporate equities rose $3.5 trillion to...
Bitcoin and ether slide as China intensifies crypto crackdown
09/24/2021 9:04 AMBitcoin and ether tumbled Friday, with traders rattled by tough talk out of China. The price of bitcoin fell nearly 6% to $42,124.73, according to Coin Metrics data. Ether, the second-largest digital currency, dropped 8% to $2,894.36. It comes after the People’s Bank...
Federal deficit hit $48.5B over first four months of fiscal year
09/24/2021 8:47 AMThe federal government ran a deficit of more than $48 billion over the first four months of its fiscal year, about $100 billion less than the treasury pumped out during the same period one year earlier. The Finance Department's regular fiscal monitor says the...
Trump rips Bush for backing Cheney as Republican factions butt heads
09/23/2021 11:28 AMFormer President Trump is criticizing former President George W. Bush for backing Rep. Liz Cheney's (R-Wyo.) effort to keep her seat in what will likely be a hotly contested GOP primary. In a statement released late Wednesday through his Save America PAC, Trump...
Oil Rises To Two-Month High As Inventories Fall
09/23/2021 10:12 AMOil prices rose on Thursday to their highest levels since late July after U.S. crude stocks dropped to their lowest in three years and the broader market received more clarity about the Fed’s next policy moves. As of 10:52 a.m. EDT on Thursday, WTI Crude traded above...
You can now get paid in bitcoin to use Twitter
09/23/2021 9:39 AMTwitter on Thursday announced it will now allow users to tip their favorite creators on the social network using bitcoin. The company introduced tipping as a test feature back in May as a way to experiment with helping creators earn payments from their followers for...
Canadian Job Vacancies Are Soaring Due To Stimulus, But Wage Growth Isn’t: BMO
09/23/2021 9:28 AMCanadian employers are making jobs faster than people can fill them. In two separate reports, BMO economists took a dive into rising job vacancies and wages in Q2 2021. They found job vacancies hit a new record high last quarter. A lack of labor doesn’t appear to have...
Schachter’s Eye On Energy – September 22
09/22/2021 12:59 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 (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
Federal Reserve Meeting Surprise: First Fed Rate Hike Could Come In 2022
09/22/2021 11:27 AMThe Federal Reserve on Wednesday held off on a final decision to start tapering asset purchases, but policymakers are evenly split over whether the cycle's first rate hike should come next year, not in 2023. The Dow Jones, up strongly before Wednesday's 2 p.m. policy...
‘More spending, more deficits, more lacklustre GDP growth’: Reaction to election results
09/22/2021 11:01 AMIt’s a federal election that put Prime Minister Justin Trudeau right back where he started from: another minority government. With just one more seat for the Liberals after this election than the last one in 2019, a new cabinet is expected to be announced in the...
Toast surges 63% in NYSE debut after IPO valued restaurant-tech company at $20 billion
09/22/2021 9:26 AMToast shares soared 63% in their New York Stock Exchange debut on Wednesday after the provider of technology to restaurants priced its IPO above its expected range. The company, whose products are used at more than 48,000 restaurant locations, raised about $870...
10% of early-stage startups working on blockchain: GSER 2021
09/22/2021 9:22 AMWith venture capital funding seemingly prioritizing emerging technology, the blockchain industry experiences a significant influx of capital from corporate backers. According to the Global Startup Ecosystem Report 2021 published on Wednesday, blockchain-based...
Will South America’s Latest Oil Boom Spark A Military Clash?
09/21/2021 12:45 PMSince the controversial 1899 decision which set the border between Venezuela and Guyana, Caracas has repeatedly contested the ruling, claiming the 61,000 square miles west of the Essequibo river belongs to the Bolivarian Republic. That controversy has heated up in...
Why are investors turning to mortgage funds?
09/21/2021 12:27 PMReturns on GICs and “high-rate” savings accounts have been in general decline for decades. Investors in these low income-generating products now face an uphill battle as inflation accelerates, with countries printing money at an astounding rate. Real inflation numbers...
Canada stocks, dollar climb after Trudeau wins third term
09/21/2021 12:04 PMCanadian stocks climbed along with the country’s currency after Prime Minister Justin Trudeau won a historic third term in a federal election that did little to reorder the political balance of the country. Canada’s benchmark S&P/TSX Composite Index was up 0.7 per...
Investment Opportunities in CyberSecurity
09/20/2021 12:30 PMPlurilock Security CEO Ian Paterson joined Michael Campbell to explain how and why investors should consider participating in the booming sector of CyberSecurity. Also a must see for anyone considering adding FinTech or Crypto exposure to their...
Canada’s Oil Industry Could Win Big In Hard-Fought Election
09/20/2021 11:55 AMThe future of Canada’s oil and gas industry - a major employer in the country and especially in oil-rich Alberta - is at stake in Monday’s federal election, in which climate change is a key theme alongside the impacts of the pandemic on the Canadian economy. The snap...
Evergrande fears send stock market tumbling: What investors need to know about China’s teetering property giant
09/20/2021 10:02 AMEvergrande, a Chinese property giant nursing more than $300 billion in debt, remains on the brink of default — sending global equities tumbling Monday as investors, who had previously ignored the situation, sat up and took notice. Fears of a bursting property bubble...
U.S. to ease travel restrictions for foreign visitors who are vaccinated against Covid
09/20/2021 9:45 AMThe U.S. will ease travel restrictions for international visitors who are vaccinated against Covid-19 in November, including those from the U.K. and EU, the White House said Monday. Noncitizens visiting the United States will have to show proof of vaccination and a...
Quote of the Week & Shocking Stat
09/19/2021 11:02 AMQuote of the week On the eve of the election, three heavyweights weigh in on what it takes to be a great leader. Shocking Stat Trumps gone - and so has the anger and frustration...Not! The latest polls results are truly shocking - and spell trouble...
Goofy Award
09/19/2021 10:54 AMThanks Hillary, Barrack and Bernie - but no thanks we don't need to be told who to vote for. Plus a chance to get the dunce cap off when it comes to corporate...
Mike’s Comment – Sept 18
09/19/2021 10:48 AMWhat does a 36 day election campaign get us? Answer: another $600 million in debt, politicization of the pandemic, a nation further divided and not much...
Entire Show – September 18th
09/18/2021 7:29 AMThe Seinfeld of campaigns - in other words, "an election about nothing." Ace analyst, Lance Roberts answers the questions "can we deficit spend forever" and "will central banks ever let interest rates rise." Plus making money in cyber security, and the most shocking...
Special Webinar – Adding CyberSecurity Assets to Your Portfolio
09/17/2021 1:42 PMNext Tuesday, September 21st at 11am, Plurilock Security CEO Ian Paterson will expand on his conversation with Michael Campbell on this week's MoneyTalks show with a presentation showing investors how and why they should consider participating in the booming sector of...
On This Week’s Show
09/17/2021 1:36 PMDo deficits really matter? Lance Roberts joins Mike to discuss if the 40 year trend will ever end. Mike's thoughts on the upcoming federal election, plus investor insights into cybersecurity, all our regulars and of course.... a Goofy Award. All starting right here at...
Canadian Households Spend More Income On Debt Than Any Other G7 Country: BIS
09/17/2021 12:00 PMCanadian households devote an astronomical amount of income just to carry their debt payments. Data from the Bank of International Settlements (BIS) shows Canadian households have a very high debt service ratio (DSR). The ratio dropped in Q4 2020 slightly, but it’s...
Mapping The Biggest Companies By Market Cap in 60 Countries
09/17/2021 9:55 AMTech giants are increasingly making up more of the Fortune 500, but the world’s biggest companies by market cap aren’t so cut and dry. Despite accounting for the largest market caps worldwide—with trillion-dollar companies like Apple and contenders including Tencent...
Homes listed for sale in Metro Vancouver have fallen to lows not seen since 2016
09/17/2021 9:44 AMVANCOUVER — The Real Estate Board of Greater Vancouver says home sales have plateaued after reaching record highs in March. In its third-quarter housing overview for 2021, it said the number of homes listed for sale in Metro Vancouver has fallen to lows not seen since...
At end of the day, if bitcoin is successful governments will ‘kill it,’ says Ray Dalio
09/16/2021 12:13 PMRay Dalio, billionaire investor and founder of Bridgewater Associates, the world’s largest hedge fund, said that the more successful that bitcoin becomes, the more likely that it will get neutralized by governments and regulators supporting traditional monetary...
Alberta introduces new rules, passport amid COVID crisis
09/16/2021 9:50 AMAlberta Premier Jason Kenney, facing a COVID-19 crisis that is threatening to collapse its health system in just over a week, has reintroduced limits on gatherings along with elements of a vaccine passport system. Alberta is also asking for help from other provinces...
Dishwashing robots are ‘better for the environment,’ Dishcraft CEO says
09/16/2021 9:42 AMWith climate change pushing companies to evaluate their sustainability practices, one startup wants to help food-service operators make washing dishes more environmentally friendly — by using robots and artificial intelligence (AI). “When you automate, you can create...
Schachter’s Eye On Energy – September 15th, 2021
09/15/2021 11:48 AMEach 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 (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
“It Has Arrived”: Uranium ETF Sees Record Inflows Amid Retail Buying Frenzy; Japan Hints At Restart Of Nuclear Power Plants
09/15/2021 10:32 AMWe've talked about the Commodity Super Cycle - a major theme in the coming years. Uranium is on our list of commodities that stand to benefit from this cycle, and this is why our managers began investing in the sector earlier this year. Its price has exploded recently...
Former BOC governor says economy facing ‘tripod of angst’
09/15/2021 9:42 AMWhen it comes to the state of the economy, particularly during a federal election campaign marred by the COVID-19 pandemic, a former Bank of Canada governor likens it to be a “tripod of angst.” Stephen Poloz, who spent seven years at the helm of the central bank until...
Big Fat Idea – Investing in Education Technology
09/14/2021 1:35 PMMartijn van den Bemd, GM of Adcore (TSX:ADCO) joins Mike to share some ideas on investing in cutting edge EdTech and the growth prospects for the...
Energy commodities have been the best-performing asset against inflation, research finds.
09/14/2021 11:12 AMOne of the best ways to fight inflation is just to follow the trend. That’s the conclusion of a research paper written by researchers at hedge fund giant Man Group led by Henry Neville, as well as famed Duke University finance professor Campbell Harvey. Man Group EMG,...
Kevin O’Leary says he wants to more than double his crypto holdings to 7%
09/14/2021 10:55 AMCelebrity investor Kevin O’Leary says he wants to at least double his cryptocurrency holdings by the end of 2021, and predicts that “trillions of dollars” could pour into the market if crypto becomes a new asset class. The “Shark Tank” investor had previously said...
Is Oil Really Doomed?
09/14/2021 10:22 AMTwo recent reports warned that oil and gas production needs to be significantly reduced if the world is to meet the Paris Agreement goals and curb the effects of climate change. They add to a growing body of research calling on Big Oil to stop pumping. But Big Oil...
Bitcoin worth $2 billion moves for just $0.78
09/14/2021 9:57 AMBlock data from Blockchain.com reveals that a colossal Bitcoin (BTC) transaction worth $2 billion was processed on Monday night. Despite the enormous financial value, the unknown wallet holder only paid 0.00001713 BTC fees equivalent to $0.78. Although it is unknown...
Trading Desk Notes For September 11, 2021
09/13/2021 11:49 AMStock indices trended lower all week to end the week right on their lows. Option Vol spiked higher In late August, my primary trading view was that the summer’s complacent, pro-risk market sentiment was due for a correction. “Everybody” was a buyer. Stock index option...
Walmart says press release on pact with Litecoin was fake and cryptocurrencies fall
09/13/2021 10:47 AMCrypto investors got a fresh injection of volatility on Monday, after Litecoin (LTC-USD) spiked — then quickly tanked — after news of a partnership with Walmart (WMT) was exposed as a hoax. Litecoin rallied as high at 25% in under half an hour, after a fake...
Canada’s Real Estate Bubble Is The Second Longest In The World: US Federal Reserve
09/13/2021 10:36 AMCanadian real estate has long been frothy, but how does it look compared to other countries? According to the US Federal Reserve (the Fed) exuberance index in Q1 2021, pretty bad. Only two G7 countries are considered exuberant markets (a.k.a. bubbles) — Canada and...
Chinese firm buys Canada mRNA vaccine tech in US$500M deal
09/13/2021 9:18 AMChinese biopharma firm Everest Medicines Ltd. will license an mRNA COVID-19 vaccine from Canada’s Providence Therapeutics Holdings Inc., as companies try to bring the most effective inoculation platform into China despite its apparent resistance to western shots....
Quote of the Week, Shocking Stat & Goofy Award
09/12/2021 9:40 AMQuote of the Week "Science" has been one of the big casualties during the pandemic but it shouldn't be a surprise given government controls the research purse strings. Shocking Stat The shocking impact of organized crime on the prices we pay for even the most...
Mike’s Comment – Sept 11
09/12/2021 9:22 AMIf you were looking for meaningful from the leaders' debate - you had to be disappointed but certainly not surprised. But there were two quotes worth...
Entire Show – September 11th
09/11/2021 7:30 AMInstant smarts - the best interview you'll hear on what the leaders debate should have said about your cost of living, economic growth, taxes and government debt with one of Mike's favourite economists, John Johnston. Ozzie on the latest government real estate move...
Investing in Education Technology – A Special Free Post Show Webinar
09/10/2021 1:53 PMJoin Adcore CEO Omri Brill and Amphy Head of Operations Kovi Fine at 10am Saturday morning as they share insights into opportunities in one of the fastest growing sectors of the online economy. Plus details on the development of the newest live, online learning...
On The Saturday Show
09/10/2021 1:44 PMBest interview you’ll hear on what the leaders should be talking about re cost of living, gov debt, taxes, housing, growth but don’t. No holds barred chat with one of Mike's favourite economists, John Johnston. Ozzie on the latest government real estate move that will...
Mapped: The World’s Fastest Growing eCommerce Markets
09/10/2021 11:41 AMWhile the overall retail industry struggled amidst the global pandemic, eCommerce sales managed to reach unprecedented heights. In 2020, retail eCommerce sales grew by 27.6%, reaching a total of $4.28 trillion worldwide. In 2020, Latin America’s eCommerce market saw...
Amazon likely front-runner for multiyear NFL Sunday Ticket deal, sources say
09/10/2021 11:19 AMAmazon is in talks to acquire the rights for the National Football League’s “Sunday Ticket” package and is seen as the front-runner by others involved in talks with the league, according to people familiar with the matter. Amazon has a serious interest in the...
Facebook Launches Smart Glasses With Ray-Ban
09/10/2021 10:25 AMA brief history of smart glasses: Google Glass: ✖️ Snap Spectacles: ✖️ (so far) Facebook’s “Ray-Ban Stories”: We're about to find out. Facebook launched its first-ever line of smart glasses in partnership with Ray-Ban yesterday. The glasses, which start at $299,...
How a foreign homebuyer ban in Canada could backfire
09/10/2021 9:41 AMAnyone looking to purchase property in Canada who is not a citizen or permanent resident of this country may not have much time left. After Canadians go to the polls on September 20, some potential homebuyers may have to wait to buy a property in Canada as both the...
Schachter’s Eye On Energy – September 9th, 2021
09/09/2021 11:06 AMEach 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 (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
Are Oil Prices Heading To $64 or $200? Depends On Who You Ask
09/09/2021 10:25 AMBrent Crude prices are set to retreat to $64 a barrel by the end of 2021, one of Japan’s leading banks says, while the energy minister of a Gulf oil producer warned that the International Energy Agency’s suggestion of no new investments in oil could push oil prices to...
Goldman Sachs cuts its US GDP forecast for the 2nd time in a month after last week’s soft jobs report – but lays out 2 reasons why it’s still optimistic
09/09/2021 10:10 AMGoldman Sachs economists lowered their US growth forecast for 2021 to 5.7% from 6.2% on expectations of a "harder path" ahead for consumers. This revision follows a weak August jobs report that showed the domestic economy added a disappointing 235,000 jobs during the...
The SEC’s “Really Sketchy Behavior”
09/09/2021 9:31 AMThat’s how Coinbase CEO Brian Armstrong described the SEC’s latest crypto crackdown. According to Coinbase, the Wall Street regulator has sent the crypto exchange a “Wells notice” regarding its upcoming lending product, Lend. Wells notice = a threat to take legal...
Bank of Canada leaves interest rate and quantitative easing unchanged
09/08/2021 11:21 AMThe Bank of Canada is leaving its target for the overnight rate at 0.25 per cent. Its stimulus program known as quantitative easing (QE) is being maintained at a target pace of $2 billion per week. Despite weaker than expected GDP data that showed a contraction in the...
Trading Desk Notes For September 4, 2021
09/08/2021 10:53 AMPowell’s “Substantial Further Progress” – is not happening yet – and neither is the taper The combination of much weaker-than-expected employment and consumer confidence reports means that the Fed will delay the taper. Price action was dull all week – nobody wanted to...
Diamond Rebound Rolls On as De Beers Reports Another Bumper Sale
09/08/2021 10:02 AMThe diamond industry’s resurgence showed no sign of slowing down with De Beers reporting its biggest gem sale since February as consumers continued to buy jewelry. Anglo American Plc’s De Beers said it sold $515 million of rough diamond at its seventh sale of 2021,...
Former Walmart Exec Unveils Plan To Build A ‘New City In America’
09/08/2021 9:54 AMA ‘new city in America’, set to house five million people, is being planned by a former executive of Walmart. Last week, Marc Lore, former head of US e-commerce for Walmart, unveiled plans for the new city, appointing a world-famous architect to design it. The...
Amazon brings its cashierless tech to two Whole Foods stores
09/08/2021 9:15 AMAmazon is bringing its automated checkout technology to a pair of Whole Foods stores, the company announced Wednesday, marking the latest test of the grab-and-go system in a full-size supermarket. In a blog post, Amazon said the technology, called “Just Walk Out,” is...
Canadian Consumer Confidence Plummets by Most Since April 2020
09/07/2021 12:07 PMConfidence among Canadian consumers fell by the most since the depths of the pandemic, suggesting that the elevated sentiment that sparked Prime Minister Justin Trudeau’s bid for re-election may soon be fading. The Bloomberg Nanos Canadian Confidence Index, which...
A 150-Year Old Idea Could Lead To A Breakthrough In Space Travel
09/07/2021 10:45 AMThe increasing frequency of both natural and man-made catastrophes such as worldwide pandemics and climate catastrophes has re-validated the urgency to establish humanity as a multi-planet species. Indeed, the founding ethos of Elon Musk's private spaceflight company...
Bitcoin suddenly retests $50K in possible ‘shakeout’ as analysts stay bullish on BTC
09/07/2021 9:37 AMBitcoin (BTC) kept traders on their toes on Tuesday as a sudden price dip sparked a retest of $50,000. Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it shed $2,000 in two hours Tuesday. The pair had hit $52,960 — nearly a four-month high —...
Canadian investment portfolios took flight during pandemic lockdown
09/07/2021 9:22 AMAccording to data released by Statistics Canada this week, Canadian investors acquired a record $57.2 billion in foreign securities during the spring months that constitute the second quarter of 2021. The massive flow of investments were made by Canadian businesses,...
Quote of the Week, Shocking Stat & Goofy Award
09/05/2021 10:58 AMQuote of the Week School’s back this week and eminent economist, Thomas Sowell’s astute observation on what we’re doing to our kids. Shocking Stat If this shocking economic stat doesn’t get your attention - can’t think of what will. Goofy It will take all the...
Mike’s Comment – Sept 4
09/05/2021 10:46 AMBefore we “reimagine capitalism,” which entails record levels of government control and regulation we should consider their track...
This Week’s Poll Question
09/04/2021 7:53 AMShare your thoughts on this important topic. We will release the results of the survey on Monday. ~ Ed
Entire Show – Sept 4th
09/04/2021 7:31 AMGiven its track record how can anyone vote for more government control and regulation. Looking for a homerun, The Trend Letter’s Martin Straith has two “off the grid” stock selections. Plus Ozzie on the outrageous secret report on foreign real estate buying. Plus one...
Oil Could Be Primed For Up To 50% Rally, Strategist Says
09/03/2021 10:54 AMThe price of WTI crude oil could be headed for a jump of between 20 percent and 50 percent, judging from a bullish breakout pattern that suggests a major rally could be coming for an asset, and that has occurred just three times for crude this century, an equity...
Day-Trading Army Goes All-In on NFTs as Meme-Stock Mania Ebbs
09/03/2021 10:14 AMBankrupt car-rental firms and Bitcoin-to-the-moon bets are falling out of fashion, as the retail army plunges into the digital art world like never before. Thanks to collectibles like Pudgy Penguins and the Bored Ape Yacht Club going viral on social media, sales of...
How to Invest in the Booming Chip-Tech Industry
09/03/2021 9:48 AMHow much of the modern world is powered by chip-tech? From computers and TVs to cars and washing machines, chips (or semiconductor devices) enable almost all of our digital goods. When the COVID-19 pandemic brought the regular world to a halt, it put a focus on our...
Frustrated millennials zeroing in on election housing pledges
09/03/2021 9:33 AMDrew Roberts couldn’t wait to get out of Toronto. After he and his girlfriend managed to find work in Kingston, Ont. they found the same problem: even 260 kilometres to the east, the dream of home ownership was still out of reach. “We left Toronto in search of a more...
Enbridge set to open most capacity on long-delayed Line 3 pipeline
09/02/2021 11:44 AMCanadian pipeline operator Enbridge Inc notified oil shippers on Wednesday that it would offer capacity for 620,000 barrels per day (bpd) on its Line 3 oil pipeline starting in October, signaling confidence in completing the long-delayed project. The aging pipeline,...
Kid siblings earn over $30,000 a month mining cryptocurrency
09/02/2021 10:25 AMFourteen-year-old Ishaan Thakur and his sister, 9-year-old Aanya, spent their summer building a lucrative business mining cryptocurrency. “We started because we wanted to learn something new about technology – and also make some money along the way,” Ishaan tells CNBC...
Bonds are ‘investment garbage’ just like cash: Bill Gross
09/02/2021 9:32 AMBill Gross is talking trash about the bond market -- literally. In a meandering and sometimes off-kilter investment outlook posted on his website, the onetime bond king said longer-term Treasury yields are so low that the funds that buy them belong in the “investment...
Schachter’s Eye On Energy – September 1st, 2021
09/01/2021 11:44 AMEach 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 (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
Is gold ready to run higher?
09/01/2021 11:09 AMThe gold market continues to see lackluster demand even as the price holds support above $1,800 an ounce. However, one market strategist said that sentiment could start to shift to the bullish side once again before the end of the month. In an interview with Kitco...
Canada Hid A Foreign Capital & Housing Study While Dismissing Intelligence Warnings
09/01/2021 10:01 AMCanadian tax authorities confirmed they knew about illicit foreign capital inflating real estate. They first found out over two decades ago, but only confirmed it to the South China Morning Post (SCMP) this week. A whistleblowing, retired auditor first told SCMP...
Former Fed official warns of ‘urgent’ threat of another financial crisis
09/01/2021 9:51 AMInvestors cheered Federal Reserve Chairman Jerome Powell’s Jackson Hole speech on Friday, with markets interpreting it to mean that the central bank would not too quickly wind down its support of the economy. But not every speaker at the annual gathering gave cause...
Major firms to hire thousands more, underscoring global supply-chain woes
09/01/2021 9:41 AMWalmart Inc said on Wednesday it planned to hire 20,000 workers at its supply chain division ahead of the busy holiday season as the world's largest retailer and other major rivals battle a logistics and labor crunch. The roles, a mix of part-time and full-time jobs...
Canadian economy unexpectedly contracts; dollar weakens
08/31/2021 8:05 AMCanada’s rebound unexpectedly stalled through spring and early summer, raising questions about the resiliency of the nation’s economy. Gross domestic product fell at an annualized 1.1 per cent pace from April to June, Statistics Canada reported on Tuesday, down from a...
COVID-19 Was Not a Bioweapon But Exact Origin Unclear, Concludes Intelligence Community
08/31/2021 12:46 AMThe intelligence community’s review of the origins of COVID-19 said there is “broad agreement” among agencies that the virus was not developed as a biological weapon and that Chinese officials “did not have foreknowledge of the virus before the initial outbreak of...
Wildfire Tech Finally Sees Investor Momentum
08/31/2021 12:13 AMAfter years of hesitance, investors are finally warming up to wildfire tech. Questions around monetization have generally been the reason financiers have avoided startups making technology to help combat wildfires. According to Ahmad Wani, co-founder and CEO of...
PayPal is exploring a stock-trading platform for U.S. customers
08/30/2021 11:53 PMPayPal is exploring a possible stock-trading platform. After rolling out the ability to trade cryptocurrencies last year, the payments giant has been exploring ways to let users trade individual stocks, according to two sources familiar with the plans. The San Jose,...
Canadian Housing Affordability Got Worse Under Trudeau, But Did He Do The Worst?
08/30/2021 10:43 AMPrime Minister Justin Trudeau did the worst job with housing in the history of leaders. No, it was definitely Prime Minister Stephen Harper that oversaw the worst… No… this goes back to… Brian Mulroney? Uh, that was 30 years ago, but whatever. Ever since Canada’s...
Support.com Becomes The Latest Meme Stock
08/30/2021 10:03 AMSupport.com is a relatively unknown software company, considering how high it must rank in Google search results. But it’s under-the-radar no more: Amateur traders are gassing it up like friends at a bridal fitting. Shares of Support.com skyrocketed as much as 203% on...
Oil Could Rise Further As OPEC Suggests Keeping Output Cuts In Place
08/30/2021 9:40 AMCrude oil prices could rise further if OPEC+ stops adding barrels to global supply, which is a possibility after the cartel's next meeting, according to the Kuwaiti oil minister. "The markets are slowing. Since COVID-19 has begun its fourth wave in some areas, we must...
Billionaire Paulson who shorted subprime calls crypto ‘worthless’
08/30/2021 9:28 AMEver since John Paulson bet against the U.S. housing market more than a decade ago, people keep asking him about his next big trade. The billionaire hasn’t found anything to rival his massive short, but it’s hard to top the $20 billion that Paulson made for himself...
Quote of the Week & The Goofy Award
08/29/2021 9:59 AMQuote of the Week A well known climate activist says overstating the dangers of climate change will backfire. Goofy Award The doctored, misleading campaign video is not the biggest problem when it comes to...
Mike’s Comment
08/29/2021 9:47 AMSuccessive polls make clear that the public may express it in different ways but when it comes to our top election concerns - it all adds up to the same...
1st Online and Podcast-only Show Is Now Available!
08/28/2021 7:41 AMMike talks about our biggest election concern. A must hear interview with super strategist, James Thorne on the election, inflation and the key trends driving the future. Plus don't miss the quote of the week as a leading climate activist says enough of the over the...
Visualizing the Critical Metals in a Smartphone
08/27/2021 4:19 PMIn an increasingly connected world, smartphones have become an inseparable part of our lives. Over 60% of the world’s population owns a mobile phone and smartphone adoption continues to rise in developing countries around the world. While each brand has its own mix of...
Vancouver businesses say they won’t enforce BC’s vaccine passport
08/27/2021 8:16 AMFollowing the provincial government’s announcement that B.C. residents will need to show proof of vaccination to attend certain social events, many small businesses took to social media to announce they will not be enforcing the order. The movement was spurred by the...
Elon’s AI-powered “Tesla Bots” can deadlift 150 lb and travel at speeds of up to 5 mph
08/27/2021 7:54 AMElon Musk says he'll have a humanoid robot to show off next year, but the iconoclastic entrepreneur has a mixed record when it comes to promises and predictions. It's worth revisiting them before you plan your next moving day around the Tesla Bot's debut. Last week at...
India To Boost LNG Import Capacity By 12%
08/26/2021 1:07 PMIndia is planning to expand its import capacity for liquefied natural gas by 12 percent by building a new floating import terminal in the western state of Gujarat. The terminal is due to become operational next year, Reuters reports, and will bring India’s total LNG...
“Bond King” says US running its economy like there’s no tomorrow
08/26/2021 10:26 AMBillionaire investor Jeffrey Gundlach told Yahoo Finance in a video interview on Monday that the US is running its economy like it doesn't care if the dollar loses its global reserve currency status. The DoubleLine Capital founder and CEO reiterated his long-held view...
Going for gold: European investors pour nearly $1bn into gold ETFs in July
08/26/2021 10:03 AMEuropean investors poured nearly $1bn into exchange traded funds that invest directly in gold in July, more than offsetting outflows from US funds and indicating the emergence of divergent views on inflation, the global economy and future direction of the precious...
Take a bitcoin, leave a bitcoin: asset managers and companies accumulate 1.2M Bitcoin worth $57 billion
08/26/2021 9:36 AMAround 6% of Bitcoin’s circulating supply has been accumulated by asset managers and companies, signaling ever increasing mainstream and institutional adoption of crypto assets. According to Buy Bitcoin Worldwide, 816,379 BTC worth $40.1 billion is currently held by...
Canada sees supply of main crops dropping 26% on drought impact
08/26/2021 9:22 AMCanada, the world’s biggest canola grower and a major wheat producer, forecasts a 26 per cent drop in supplies of its main crops as drought ravages output and inventories shrink. Grain and oilseed exports are expected to fall in the marketing year that started Aug. 1...
“Directions to Alcatraz”: Waymo Launches Robotaxi Service in San Francisco
08/25/2021 10:46 AMWaymo, Google’s sister company, started offering robotaxi rides to people in San Francisco yesterday. These vehicles do drive themselves, but beware: There will be a safety driver at the wheel, and they will pitch you their app idea. SF becomes Waymo’s second market...
The best journey takes you home: Trudeau vows two-year ban on foreign homebuyers if re-elected
08/25/2021 10:19 AMPrime Minister Justin Trudeau promised to introduce a two-year ban on foreign home buyers to tackle housing affordability in Canada if he’s re-elected. The proposed restriction is an attempt to cool a housing market that has soared during the Covid-19 pandemic....
Richard Branson’s Virgin Orbit to go public via $3.2B SPAC deal
08/24/2021 9:05 AMVirgin Orbit is set to go public via a merger with a special purpose acquisitions company (SPAC), the company has confirmed. The deal values the combined enterprise at $3.2 billion, and will provide Virgin Orbit with $483 million in cash at close, including a $100...
End of housing market on ‘steroids’ to hit growth: Macquarie
08/24/2021 8:43 AMMacquarie Group is warning the slowdown in Canadian housing activity may have a material impact on the country's economic growth. David Doyle, the head of North America economics and strategy at Macquarie, said in an interview Tuesday the decline in existing home...
MoneyTalks Uncensored with Michael Campbell – Election Special this Saturday!
08/23/2021 10:49 AMWe hope you will join us as we start our new journey as a fully independent production. James Thorne joins Michael to analyze the financial and market implications of the federal election - and how it may impact your personal investments. Plus our regular commentators...
Justin Sun Buys NFT of a Rock for More Than Half a Million Dollars
08/23/2021 10:10 AMActually, 31-year-old crypto mogul Justin Sun spent $611,710 to buy an EtherRock NFT yesterday. And he can’t even take it home and pet it. Because it’s literally just a Clipart of a rock. What’s going on: EtherRocks are one of the latest crazes in the world of NFTs...
Delta variant may mute Q3 earnings performance at the Big Six banks
08/23/2021 9:47 AMFor the past two quarters, Canada’s big banks have crushed earnings expectations and their shares have enjoyed sharp post-earnings rallies. They also began releasing large sums of money previously set aside for loans that could potentially go bad – all of which flowed...
Entire Show – Aug. 21st
08/21/2021 11:12 AMTwo election issues that will impact Canada for generations. Mike talks about why it's only Moneytalks podcasts from now on and stock picking genius, Ryan Irvine's got a couple of new companies that few have heard of. Plus an ex-CIA ops officer on the fall-out from...
Quote of the Week, Shocking Stat and Goofy Award – Aug. 21st
08/21/2021 11:00 AMQuote of the Week: A former CIA Ops officer gives a chilling account of the fall-out from the debacle in Afghanistan that will scare the heck out of you. Shocking Stat: Arguably the most chilling stat coming out of the Afghan withdrawal. Goofy Award: Facebook's absurd...
Mike’s Comment – Aug. 21st
08/21/2021 10:36 AMThe PM says this election will decide policy that could impact us for decades - Mike agrees - and gives pivotal 2 examples so please pay...
Facebook: Novi Digital Wallet Is ‘Ready to Come to Market’
08/20/2021 3:58 PMFacebook said Wednesday that the global payments system is seriously flawed and that the social media giant can fix it. “Change is long overdue,” Facebook’s David Marcus wrote in a blog post. Marcus, the former PayPal chief hired in 2018 to lead Facebook’s blockchain...
Mortgage Funds – 3 Things to Know Before Investing
08/20/2021 1:42 PMMortgage funds, commonly referred to as MICs, have grown in popularity as investors look for alternative ways to generate stable income. These funds earn interest by lending money, secured against real estate, to borrowers who don’t fit the increasingly rigid...
Amazon Is Reportedly Planning to Open Its Own Department Stores
08/20/2021 10:45 AMAmazon is like that monster from horror movies that kills its victims then assumes their identity. The company is planning to open several large brick-and-mortar retail locations in the US that resemble department stores, the WSJ reports. The physical stores will...
Majority of Canadian small businesses plan to require vaccination for staff: survey
08/20/2021 10:22 AMNearly two-thirds of small and medium-sized businesses in Canada plan to make COVID-19 vaccination mandatory for their employees, according to a new survey. A full 62% of businesses that were polled said they would implement a plan requiring immunization. Another 84%...
Chip crisis threatens to cut auto output by 7.1M cars
08/20/2021 10:03 AMThe global shortage of semiconductors will cut worldwide auto production by as many as 7.1 million vehicles this year, and pandemic-related supply disruptions will hobble the industry well into next year, IHS Markit said. The lack of chips won’t stabilize until the...
My Last Business Comment on Corus
08/20/2021 6:44 AMAnd the Prime Minister says, "forgive me if I don’t think about monetary policy.” So who the heck wants to hear a business comment about interest rates, inflation or record deficits. Clearly he...
Pattie Lovett-Reid: A ‘golden opportunity’ to tackle inflation pressure
08/19/2021 11:11 AMForgive me if you have heard this term before: "transitory," meaning inflation is supposedly temporary. Year-over-year, when you look at the base effect on prices, it makes sense to be patient. During the height of the pandemic, gas prices hit lows of around 60 cents...
Home prices rising per square foot, annual survey shows
08/19/2021 10:42 AMThe fifth annual Price per Square Foot Survey, released August 11 from Century-21 Canada, shows that real estate continues to be a strong investment. While real estate is most often dependent on local market conditions, the past year has seen widespread increases in...
For All the Talk About Concern Over Climate Change There’s One Giant Omission
08/19/2021 7:20 AMThey have no plan - no clue about how to get the raw materials needed for renewable energy and electric vehicles. And refuse to acknowledge the slave labour used to make the majority of solar...
Schachter’s Eye on Energy – August 18th
08/18/2021 12:18 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 (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline...
Palantir Buys $50.7 Million Worth of Gold Bars
08/18/2021 11:11 AMPalantir, the data analytics software company cofounded by Peter Thiel, revealed in a filing that it bought $50.7 million worth of 100-ounce gold bars. Why? “You have to be prepared for a future with more black swan events,” COO Shyam Sankar told Bloomberg. A black...
President of Argentina Open to Adopting Cryptocurrencies as Legal Tender
08/18/2021 10:58 AMAlberto Fernandez, the president of Argentina, stated he is open to the adoption of cryptocurrencies as legal tender in an interview this week. Fernandez said there is a big discussion around the value and use of cryptocurrencies not only in Argentina but also all...
“Build, Back, Better” Originated at the World Economic Forum in June, 2020
08/18/2021 6:26 AMIt was the slogan for Biden, the UK's Boris Johnson, the EU's Legarde and now the Prime Minister - but what does it...
Canada Could Boost Oil Pipeline Capacity As Soon As September
08/17/2021 2:03 PMCanada’s oil sands producers may find welcome relief to years of pipeline capacity constraints when the first new pipeline in years could enter into service as early as next month. Enbridge said in a filing with the Canada Energy Regulator last week that its Line 3...
Canadian Home Sales Just Fell For The First Time In Over A Year
08/17/2021 11:45 AMCanadian home sales continue to cool, logging another month of declining volumes. Canadian Real Estate Association (CREA) data shows home sales fell in July 2021. It was the first annual decline seen in over a year. Despite the negative factors, it was still the...
It’s THE Key Question in Evaluating Various Party Platforms
08/17/2021 6:43 AMAnd it relates to a question that I've never had an even remotely satisfactory answer to - even from the anti-capitalists - who can see Cuba and Venezuela for...
Blockchain can help filter the fake news dilemma
08/16/2021 8:21 AMGartner predicts that the majority of individuals in developed economies will consume more false than true information by 2022. While trust in mass media and established institutions is declining, the use of online social media to connect is rising sharply and it has...
What Will The Gas Station Of The Future Look Like?
08/16/2021 7:34 AMTwo-thirds of Americans are interested in electric cars. Sales of EVs hit a record of more than 300,000 in the first half of the year. Everything seems to be going well for EVs and their makers. And yet, gas station owners are having trouble justifying the costs of...
Coverage of Economics and Finance in this Election Better Be Different
08/16/2021 7:01 AMI appreciate our politicians and most of the media don't "do" economics but debt's up $500 billion in 2 years - competitiveness ranking is down - capital investment at generational...
Entire Show – Aug. 14th
08/14/2021 1:02 PMGuest host Victor Adair talks to Alan Oslie a long time realtor who explains what $1 million dollars buys on Vancouver Island, Josef Schachter discusses why he's keenly focused on the shifting energy supply/demand picture. Featured guest Kevin Muir, from The...
Kevin Muir – The MacroTourist
08/13/2021 1:37 PMLong passionate about markets, Kevin grew up in a household where his father was an equity research director. Being exposed to market talk as long as he can remember, Kevin’s true love was always macro. In fact, his first trade was in the US dollar index which...
Companies Going Public in 2021: Visualizing IPO Valuations
08/13/2021 7:41 AMCompanies Going Public in 2021: Visualizing Valuations The beginning of the year has been a productive one for global markets, and companies going public in 2021 have benefited. From much-hyped tech initial public offerings (IPOs) to food and healthcare services, many...
China’s zero-Covid policy is so strict that it shut down a whole shipping terminal after just one case
08/13/2021 7:09 AMChina has shut down a key terminal at its Ningbo-Zhoushan port, the third busiest port in the world, after one worker was found to be infected by Covid — a move that will likely put further pressure on already stretched supply networks. It was the second time this...
Should the Ultra Wealthy Start Looking for a New Place to Live?
08/13/2021 6:43 AMWith the election being called this Sunday Jagmeet Singh has already announced his platform and it's largely aimed at taxing the...
Messi receives ‘large number’ of crypto fan tokens as part of his PSG package
08/12/2021 10:25 AMFootball star Lionel Messi, who recently signed a two-year deal with the Paris Saint-Germain club after leaving FC Barcelona, has received crypto fan tokens as part of his new financial package. Paris Saint-Germain announced the news on Thursday, saying that Messi...
Canada Is Spending $73 Billion On Affordable Housing, And It Will Push Prices Higher
08/12/2021 10:14 AMCanada’s massive multi-billion dollar program to create affordable housing will only have a “limited” impact. That’s the take from the non-partisan Parliamentary Budget Officer (PBO), tasked with explaining the numbers behind policies, to lawmakers. They found the...
Levy: The Real Cost of COVID-19
08/12/2021 6:56 AMDo anti vaxxers truly understand how their right to choose effects the recovery of the economy in the long...
Schacter’s Eye on Energy – Aug. 11th
08/11/2021 1:14 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 (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
Is Robinhood The Next Meme Stock To Explode?
08/11/2021 8:04 AMRobinhood, the “democratizing” zero-fee trading app that helped create the retail trading frenzy that led to the wild ride with Gamestop and AMC Entertainment stocks, is now it’s own wild ride. It’s a self-fulfilling prophecy. Robinhood launched its IPO on July 29th...
Hackers start to return some of the $600 million they stole in one of the biggest crypto heists
08/11/2021 7:36 AMHackers have started returning some of the $600 million they stole in what’s likely to be one of the biggest cryptocurrency thefts ever. The cybercriminals exploited a vulnerability in Poly Network, a platform that looks to connect different blockchains so that they...
Levy: Let’s Talk Wealth Tax
08/11/2021 6:52 AMWith a federal election looming the topic of a one time wealth tax is once again being tossed around but will it make a dent in the nearly 1 trillion dollars of debt that the government has...
Giving Up Oil Is Impossible: Alberta Premier
08/10/2021 11:44 AMGiving up oil and other fossil fuels is "patently unrealistic", Alberta Premier Jason Kenney said in comments on the IPCC climate report released yesterday, which warned that humankind's window for addressing climate change was closing fast. The report attributed—with...
Levy: Why So Long for Clean Drinking Water for First Nations
08/10/2021 6:55 AMIn 2015 Trudeau promised to lift all First Nations drinking water advisories by March 2021, that didn't happen but a $8 billion settlement did. Why did it take so long and cost so much for this basic...
China Tech Wipeout Continues After Beijing Cracks Down On Online Videogames
08/09/2021 8:10 AMChina's bubbling tech sector has been hit with a massive regulatory storm ever since Alibaba Group Holdings (NYSE:BABA) founder Jack Ma criticized his country's government last year for what he called excessive regulations. Beijing hit back by cancelling the...
Gold price tumbles to yearly low, trades under $1,700 following Friday’s massive sell-off
08/09/2021 7:57 AMGold futures dropped sharply on Sunday evening at the start of the Asian trading session. Gold October futures dropped to low of $1,677 before recovering. As of 8:20 p.m. ET, gold is off 2.19% to $1,722. Silver October futures lost 3.5% to $23.74. Platinum was also...
The Ultimate Economic Flash Quiz
08/09/2021 6:35 AMA 10 second quiz that reveals just about all you need to know to understand economic policy. So play along and you'll instantly be more sophisticated than our political...
Big Fat Idea – Junior Gold Mining Exploration
08/07/2021 11:40 AMAlex Heath of Ethos Gold Corp talks to Mike about what to look for if you're looking to invest in the early stage of junior gold mining...
Quote of the Week, Shocking Stat and Goofy Award – Aug. 7th
08/07/2021 11:12 AMQuote of the Week Historian David Starkey fascinating observation about politics and young people comes with a serious warning. Shocking Stat So where does Canada's healthcare system rank compared to 10 other wealthy countries? Sit down before you hear. ...
Mike’s Comment – Aug. 7th
08/07/2021 11:00 AMOur Olympic athletes are fabulous role models. The epitome of dedication, commitment and work ethic. The ultimate merit based selection. Interesting how we reject those characteristics in so many other areas in...
Entire Show – Aug. 7th
08/07/2021 11:00 AMIf our Olympic athletes are great role models why do we reject the qualities that got them there? BT Global's Paul Beattie shares his top investment pick and you won't hear it anywhere else. Ozzie on the dos and don'ts of presales. And the shocking stat will indeed,...
The Canadian Property Bubble Has Grown For 24 Years, Longer Than Any Other G7
08/06/2021 12:26 PMCanadian real estate is perfectly efficient, and households never display signs of exuberance. That or it’s a ticking time bomb, waiting to go off. This year marks the 24th year of expanding home prices in Canada, and we’re two quarters into it. This isn’t just the...
Censored by Facebook
08/06/2021 6:13 AMI'm not allowed to post on MoneyTalks - no reason given. Increasing attacks on free speech are the norm and come at a huge cost to innovation and progress. PS You could be...
Facebook’s Reason for Banning Researchers Doesn’t Hold Up
08/05/2021 10:44 AMWHEN FACEBOOK SAID Tuesday that it was suspending the accounts of a team of NYU researchers, it made it seem like the company’s hands were tied. The team had been crowdsourcing data on political ad targeting via a browser extension, something Facebook had repeatedly...
Big Business’ New COVID Initiative: No Jab, No Job
08/05/2021 10:30 AMEver since the first Covid-19 vaccine was approved for use in the United States about seven months ago, most Americans have dreamed of the day when the virus will be vanquished and life gets back to normal. But according to the Bloomberg Covid-19 tracker, only 50% of...
Cuba: Canada’s Dirty Little Secret
08/05/2021 6:03 AMWhere does Cuba's communist government get the majority of its foreign currency? Tourism, their #1 industry. And guess which country sends the most...
U.S. Jet Fuel Stocks Continue To Rise As Production Outpaces Demand
08/04/2021 10:47 AMDespite a marked rise in U.S. air travel numbers this year compared to 2020, jet fuel inventories have climbed in recent months as refiners boosted production, while jet fuel demand is still lower than pre-pandemic levels. Refiners in the United States have raised jet...
Schachter’s Eye on Energy – Aug. 4th
08/04/2021 10:05 AMEach 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 (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
Twitter partners with AP and Reuters to address misinformation on its platform
08/04/2021 9:56 AMTwitter announced today it’s partnering with news organizations The Associated Press (AP) and Reuters to expand its efforts focused on highlighting reliable news and information on its platform. Through the new agreements, Twitter’s Curation team will be able to...
Will Our China Policy Be An Election Issue?
08/04/2021 6:22 AMProbably not but it should be. Policy of accommodation has not worked. We've ignored warnings from CISIS and the Canadian Military - Chinese aggression keeps growing - what's our...
How much gold & silver is actually in Tokyo 2020 Olympic medals?
08/03/2021 12:22 PMIt is no longer a secret that the Olympic gold medals don't contain a lot of the actual yellow metal. But how much gold do they have, and what about silver and bronze medals? Here's the breakdown: Gold medal: Only 1.2% of the Tokyo 2020 Olympic gold medal is actually...
Canadian Home Buyers Need Up To 34 Years Of Savings For A Down Payment: NBC
08/03/2021 11:37 AMCanadian real estate affordability deteriorated so fast, it will delay buyers by years. National Bank of Canada (NBC) crunched the numbers on how long it would take to save a down payment in Q2 2021. Not buy the home, but to just have the minimum required down payment...
Fire At Tesla’s Mega Battery Finally Extinguished After Four Days Of Burning
08/03/2021 11:22 AMFour days ago, we reported a shipping container-sized Tesla Megapack battery unit at the world's largest energy storage project, operated by France's Neoen SA, in Australia's Victoria, dubbed "Victorian Big Battery," caught fire during a test-run. Victoria Country...