Can we, Canadians 🇨🇦 admit that the entire Justin Trudeau reign of foolishness has now put Canada in a position of severe weakness.
Can we admit that we could have been in a position of material strength, right here in 2026?
To course correct we must be honest with ourselves.
$SPPP ~ #Platinum & #Palladium ETF. Weekly Close. Up 0.31% last week. This was the most bearish metals ETF out of all the ones i track closely $GLD $SLV $GDX $COPX over the last few weeks. SPPP has now almost completely “backtested” the 11.50 (CUP) breakout level from June 2025.
Copper Stocks ETF/CDNX (small cap) #Gold & #Silver index & #Platinum & #Palladium ETF. Weekly Close. All 3 with textbook complete Elliott Wave (5 wave) impulsive fractal structures which unfolded from April 2025 lows. Bulls stalking (abcde) {Wave 2} low in $SPPP $CDNX $COPX $SLV
Canada is in economic trouble. Under the Trudeau government GDP per capita is flat, productivity growth is the lowest in the G7, and debt per Canadian is up >35%. To place a de-facto production cap on a sector that = ~15% of the Canadian economy (costing 51,000 fewer jobs and ~$45BN/year in lost GDP) is economic treason.
We zealously attack a sector that makes up only 0.1% of global emissions when 1 year of Chinese coal plant growth would completely wipe out our efforts. For what gain then?
Industry cannot even vocally defend itself now under existing law (C-59) that threatens oil and gas companies with fines = 3% of global revenue per "offense" of speaking up about their environmental leadership.
I believe the demand for oil will grow much longer and stronger than consensus believes. With non-OPEC production expected to peak in 2027 and Canada's high environmental standing, we are part of the global "solution", not the "problem."
To willingly cede market share to others, many of whom do not respect the environment, is purposeless, self-inflicted economic repression. The world needs MORE, not less Canadian energy.