Canadians support Mark Carney’s management of the economy, even though he’s presided over the worst first year of growth for a prime minister since at least 1963, a poll showed. https://t.co/XtHIBvReFl
This is the black swan event that is starting to look very real for the Canadian consumer.
If the Canadian dollar decisively breaks below US$0.70, technical traders could target significantly lower levels, potentially into the mid-to-high US$0.60s.
The Bank of Canada faces a difficult choice: raise rates to support the dollar and risk slowing an already weak economy(Stagflation), or tolerate a weaker dollar and accept higher imported inflation.
Years of weak productivity growth, persistent deficits, and policy uncertainty have all contributed to a weaker Canadian dollar. The result of 11 Years of policy failure and weak leadership.
There are winner, exporters of goods that sell in USD and pay wages in CDN. The wealthy that have most of their assets in USD. If you have debt in CDN and have offsets in USD, you win big.
The losers, and that is most of the population, meaning you.
It will be the person already struggling to get by, this will drive inflation.
This is the result of the govt spending.
This is important. A country's currency ultimately reflects investor confidence in its economy, fiscal discipline, productivity, and long-term policy direction.
A weaker Canadian dollar isn't just a number on a trading screen. It makes imported goods more expensive, fuels inflation, reduces purchasing power, and lowers Canadians' standard of living.
Currency markets are ultimately a vote of confidence in a country's economic direction.
The current polices are geared to benefit the few, and to hell with the masses, they are only good for votes.
Poilievre criticizes PM Mark Carney with a quote from Ronald Reagan.
"If a Liberal sees something that moves, they tax it. If it keeps moving, they regulate it. And when it stops moving, they subsidize it."
🚨🇨🇦 Meanwhile in Canada
Muslim Public Affairs Council Demand $40M to combat Islamophobia & protect the ever growing number of Mosques all across Canada.
They want Canadians to continue funding their own replacement.
Every asset you own sits somewhere on the vulnerability ladder during financial repression.
At the top are the most vulnerable:
- Cash
- Bond funds
- Long-term Treasury bonds
- CDs paying below inflation
These all pay fixed amounts in dollars that lose value year after year.
In the middle are short-term bonds and money market accounts. They track rates but lose to inflation.
At the bottom are the protected:
- Gold
- Real estate
- Physical silver
- Stocks with pricing power
These hold their real value when the dollar weakens.
Now where does your portfolio sit?
Bill Maher just went so hard against Islam, it left his guests in stunned silence.
It all started when Maher recalled how people overused the term “Islamophobia” after 9/11.
He says that moment was the “beginning” of a “wokeness” that forbade you to say this out loud:
“There is such a thing as Western civilization. Remember after 9/11, if you said ‘clash of civilizations’? It was the beginning of sort of that wokeness where, ‘Oh, don’t say that. That’s Islamophobia.’”
“No, it was a clash of civilizations. The civilizations are very different, and OURS IS BETTER!”
[Guests stare at each other in silence].
Maher continued: “And if you’re not clapping, spend a week in a Muslim capital, you wouldn’t last.”
Back in 2012, MSNBC attacked an American hockey player for choosing not to visit the White House under Obama, arguing White House visits for champions were standard & not the time to play politics. Now the entire Democrat party argues the exact opposite:
Through his first 400 career NHL regular season games, Evan Bouchard has 69 goals, 224 assists, 15 game-winning goals, and a plus-minus of +66.
The only other defencemen with at least 69 G/224 A/15 GWG/+66 in their first 400 games:
Ray Bourque
Cale Makar
Bobby Orr
Denis Potvin
Canada is finally waking up to a hard reality it has long tried to ignore. Bay Street is now awakening as well. After decades of cheering on or excusing Ottawa’s performative policies, and virtue signalling, the realization that sanctions on Venezuelan oil can be lifted and those barrels can flow back to the U.S. Gulf Coast is a cold slap in the face for an economy that has squandered its natural resource advantage. Canada should be a global economic powerhouse; instead, it has become a case study in squandered potential.
Years of virtue signaling, regulatory overreach, and chronic underinvestment have left a resource‑rich country economically adrift. Now, as foreign supply options reopen and global capital looks elsewhere, the financial commentariat is suddenly converging on the same belated conclusion: Canada’s position is far weaker than advertised. Yes, Canada needs pipelines; the only real question is when the dithering will end and concrete action will finally begin.
Too many Canadian pundits insist it will take years for Venezuelan oil production to rise, as if that were the decisive variable. That entirely misses the point: Venezuelan barrels are already a functional substitute and can displace Canadian supply at the margin today. Canada has failed to secure sufficient, durable offtake capacity for its own production, leaving it exposed as cheaper Venezuelan crude steps in to fill demand. In a country that once prided itself on sober policy analysis, even basic economics has become strangely scarce.