The best way for Canada to respond without triggering a new chapter in the trade war is to embark on a massive cut to top marginal tax rates on incomes of all sorts: personal, corporate, and capital gains. Take a feather out of Ireland’s cap and make Canada a global tax haven - one way to not just prevent capital flight but trigger an investment boom. Make the business sector think twice about relocating without hurting consumers, which is what tariff retaliation would do.
The fact I’m still putting my own money into #jailstool cause I don’t want people losing money shows that my heart is too big for this stupid space. I need a blacker heart. Rise #jailstool rise.
DO NOT INVEST WHAT YOU CANT LAUGH OFF!!!!
Dec #PCE#inflation is at 2-handle and mkts think the #Fed will start cutting in Mar.
Will they do it?
Let's delve deeper into the PCE figures.
A thread.
1/11
Canada YoY Inflation headline print is so misleading.
MoM was -0.3, the only reason YoY went up was because December 2022 was -0.6.
That's still deflation.
Not to mention Core Inflation is down to 2.6% YoY and -0.5 MoM.