Category: Canada

  • How Enhancing Productivity Can Shield Canada from Trump’s Tariff Threats

    How Enhancing Productivity Can Shield Canada from Trump’s Tariff Threats

    As the threat of Donald Trump’s tariffs looms (again), Canada’s governments have vowed to protect the country’s most affected industries. Doug Ford promised to protect auto jobs in Ontario. The Bank of Canada predicts that tariffs would reduce Canada’s GDP by 2-3% in the first year alone, with another 1.1% to 1.5% drop in the…

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  • The Canadian Mint Has Unveiled the Blueprint of a Bitcoin Successor

    The Bitcoin currency – an online, anonymous currency, ‘mined’ by computing power – was fraught with problems from the start. Bitcoin’s supporters champion that it’s ‘safe from the instability of fractional reserve banking‘. Hardly. Bitcoin has proven to be a volatile currency, with only a tiny market for goods and services, no available deposit insurance,…

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  • Full Recourse: The Key Difference Between the Canadian and U.S. Housing Markets

    The largest difference between Canada’s housing market and the U.S. is that Canadian mortgages are full recourse. In Canada, if you take out a mortgage and then default when it is ‘underwater’ – your home value is less than our mortgage – your other assets and future income are at risk. In the U.S., only…

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  • Canadians Christmas Spending Defies Debt Levels

    This Christmas was a good one for Canadian retailers. Moneris Solutions, a payment processor, reported 4.6 percent more spending. Early data from IBM shows that consumers were even spending on Boxing Day sales just after they opened their presents on Christmas morning (Link). Clearly, Canadian consumers are spending contrary to record consumer debt levels and…

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  • The Economic Impact of the Canada-U.S. Border

    Make no mistake, lowering the barriers to trade between the Canadian and American borders could bring huge economic gains for Canada. As it stands, trade between Canada and the U.S. is far below its potential level. Although NAFTA eliminated a huge swath of tariffs and duties, other barriers to trade remain. The border between Canada…

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