News flash: most business owners don't have pension plans. What they have is a business that they were planning to sell when the time comes to retire. The capital gains hike is a direct attack on the retirements of those who spent their careers building the Canadian economy.
Jokes aside, Canada and Russia are very similar. No innovation, a vast amount of natural resources, and 2 dictators running the show. Canada is just lucky with its geographic location, otherwise same same! 🤷♂️
⛽️ If crude *was* facing a fundamental-driven selloff based on the perception that this was hurting the macro growth outlook (rather than just a mass risk-off liquidation) you'd expect to see refined products coming along for the ride.
But no, crack spreads up decently this week
When NYC banks almost failed in 1907, JP Morgan rallied key investors/depositors and propped up the banks. When $SIVB blew in 2023, libtard VC shitheads tripped over each other to see who could yell “fire” loudest, and then lost all their $$. Kids these days are built different…
⚡China's February manufacturing PMI rises to the highest level since April 2012.
Business sentiment continues to rebound amid the implementation of economic stabilization measures and pandemic relief.
We've had two weeks in a row with large crude oil adjustments indicating undersupply: 2 million bbl/d both weeks.
Remember: weekly numbers are highly variable; better to focus on the WPSR 4-week average or PSM.
We'll be releasing the findings of our 90-day study very soon.
Jim 'Bearcat' Murray was an exceptional human being who was the epitome of kindness and humility. He did so much for so many, contributing so much to the #Flames organization and our community.
Rest in peace, Bearcat ❤️ You will be missed by so many.