I thought when I first subscribed to you that you might be Canadian. I appreciate your information. I lived in the Detroit area for 27 years. At 76 (I’m now 78), I thought it was time to return to California where my two children & spouses are along with 5 granddaughters (1, 3, 5, 14 & 28) & a great granddaughter - 2 1/2. I have to say there’s been a number of times I’ve regretted not walking across the Ambassador Bridge & into Canada, especially since all my family are Trumpers. 😥 Go figure.
I was reading the Hansard transcripts (the official logs of what gets said in Parliament) from this past spring. The disconnect you pointed out is glaring. The TSX jumped over 30%, yet politicians in Ottawa were actively debating rising youth unemployment. It proves your point exactly. A soaring index driven by mining corporations does not translate to affordability for regular Canadians. Trade wars distract the government while investors rake in resource profits. It makes you wonder who actually benefits when the scoreboard lights up.
Very timely. See our investment people on Friday. I’m pretty sure these banks/groups use AI to forecast but there hopefully are actual people to add their 2cents worth of expertise. I’m a little(?) pessimistic/realistic and think it’s crystal ball reading🙃🤪
Totally misleading. Canada’s economy is on life support. Most Canadians are poorer. Way poorer. For a substantial part of the last Conservative PM’s term in office the CAD traded at parity or better with the USD. Thanks to Trudeau and Carney it’s now worth 25% less.
If the Libs achieved parity you’d be singing it from the rooftops. I’m just completing the picture you choose to tell only a part of. And I do it without shouting.
But it’s also important to remember why it happened.
Canada’s dollar surged during a global commodity boom when oil prices were extremely high. When those prices fell, the currency adjusted. That cycle wasn’t unique to any government.
Exchange rates are one piece of the economic picture... alongside investment flows, productivity, employment, and market performance.
My goal isn’t to tell half a story. It’s to add context that often gets missed.
Your explanations of complex financial topics are logical and easy to understand.
Eddie, thank you.
I’ve always believed clarity beats cleverness. If people understand what’s happening, they can make better decisions.
Appreciate you reading.
I thought when I first subscribed to you that you might be Canadian. I appreciate your information. I lived in the Detroit area for 27 years. At 76 (I’m now 78), I thought it was time to return to California where my two children & spouses are along with 5 granddaughters (1, 3, 5, 14 & 28) & a great granddaughter - 2 1/2. I have to say there’s been a number of times I’ve regretted not walking across the Ambassador Bridge & into Canada, especially since all my family are Trumpers. 😥 Go figure.
Sherry, yes, Canadian confirmed.
And honestly… if everyone walked across the Ambassador Bridge every time politics got stressful, we’d have traffic jams for miles.
Being near your kids and grandkids matters more than geography or politics ever will.
I’m glad you found your way here.
I was reading the Hansard transcripts (the official logs of what gets said in Parliament) from this past spring. The disconnect you pointed out is glaring. The TSX jumped over 30%, yet politicians in Ottawa were actively debating rising youth unemployment. It proves your point exactly. A soaring index driven by mining corporations does not translate to affordability for regular Canadians. Trade wars distract the government while investors rake in resource profits. It makes you wonder who actually benefits when the scoreboard lights up.
Hansard Files, exactly.
An index going up doesn’t mean people are doing better. It means companies... often a narrow slice of them... are doing better.
That gap between market performance and everyday reality is one of the most misunderstood parts of economics.
Good catch pulling the Hansard transcripts.
Very timely. See our investment people on Friday. I’m pretty sure these banks/groups use AI to forecast but there hopefully are actual people to add their 2cents worth of expertise. I’m a little(?) pessimistic/realistic and think it’s crystal ball reading🙃🤪
Kath, forecasting is basically educated guessing with better spreadsheets.
AI can process data faster, but it still can’t predict human behavior, geopolitics, or surprises. Nobody has a crystal ball.
What matters most over time is strategy, patience, and not panicking at the wrong moment.
Hope the meeting goes well.
I believe that is why Mr Carney is so good at taking time and being very methodical on behalf of all Canadians
It’s for the long haul for sure😊
Totally misleading. Canada’s economy is on life support. Most Canadians are poorer. Way poorer. For a substantial part of the last Conservative PM’s term in office the CAD traded at parity or better with the USD. Thanks to Trudeau and Carney it’s now worth 25% less.
CAD parity happened during a global commodity boom.
Oil prices drove that more than Ottawa did.
Currencies go up. Currencies go down.
That’s economics, not ideology.
And being louder about decline doesn’t make it more accurate.
If the Libs achieved parity you’d be singing it from the rooftops. I’m just completing the picture you choose to tell only a part of. And I do it without shouting.
Fair point... parity was a notable moment.
But it’s also important to remember why it happened.
Canada’s dollar surged during a global commodity boom when oil prices were extremely high. When those prices fell, the currency adjusted. That cycle wasn’t unique to any government.
Exchange rates are one piece of the economic picture... alongside investment flows, productivity, employment, and market performance.
My goal isn’t to tell half a story. It’s to add context that often gets missed.