Canada

This morning, the Trump Administration called the leaders of Canada and Mexico to tell them that he "agreed not to terminate NAFTA at this time," showing, yet again, that Donald Trump is much less audacious a President than some expected.…

Donald Trump is a very media-centric public figure. And because the chatter in DC now is of Trump as a legislative failure during his first hundred days in office, Trump needs a win - and Canada is an easy target. Here’s why.

Bloomberg oil analyst Javier Blas reported earlier today that Saudi Arabia has told OPEC that it lifted oil production in February, despite the ongoing OPEC production cut agreement with Russia.

If you want to know whwere Trump is headed on trade, don’t look at China or Mexico. Don’t even look at the UK. Canada is the country to watch for a number of reasons. First of all, Canada has an existing deal with the US and Mexico under…

Just following up on yesterday’s post, I want to go into further detail regarding two situations in Europe and pivot to a Canadian-centric look at North America. ALl of these threads won’t tie together but I will see what I can do to bring…

The rout in the energy sector is complete now. Cuts in capital expenditure are everywhere you look, not just in shale oil. With oil stocks at a record high level, it is unlikely that a rebound in prices will happen in the near term. And…

Compared to the 1930s, this deflationary crisis has played out much slower and more benignly. That doesn’t mean it isn’t a crisis. It is one, as evidenced by the beggar-thy-neighbour tactics like negative rates and quantitative easing that…

As low nominal GDP growth takes hold, we should expect short-term interest rates to remain low and for the yield curve to flatten. There are three main reasons this is so. First, low nominal growth rates imply low inflation. Second, to the…

I am going to concentrate on the news flow today and what it tells us about where this financial crisis is headed. Given the last mini-crisis we had in emerging markets was overcome relatively quickly, the present crisis doesn’t have to…

Britain faces a crisis of monumental proportions as the Scottish electorate decides whether to leave the Union and make Scotland a fully independent country for the first time since 1707 when it first entered into political union with…