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Liberal (Minority/Majority) Government 2025 - ???

Victor Davis Hanson has some zingers lately about Canada and PMMC’s handling of US relations, if anyone is interested in another perspective.
 
A longer read, but interesting. New York Times has published their full hour long interview with PM Carney and about ten of their reporters. Not a ton of depth on any one subject obviously, but it’s pretty wide ranging and worth a read over a coffee.


It most certainly is, thanks for the link.

When someone uses the term “tail risk” there is a very high likelihood that they know what they’re talking about.
 
uh oh...


I'm sure someone will be here soon to tell this is fine, everything is fine.

This Is Fine GIF
 
I'm sure someone will be here soon to tell this is fine, everything is fine.

This Is Fine GIF
Fine? No. We do remain the target of significant predatory trade actions by our largest and dominant trading partner though, so it’s unsurprising. We’ll see in a few months how it’s looking with more data coming in.

Frankly I’m surprised we’re not in outright recession. A lot of our defensive play is strategic/structural with pretty long lead times before we can expect to realize much benefit. Resource projects take time to get off or (or into) the ground.

Strategy continues. Weather the storm best we can, and diversify diversify dirvesify.
 
As expected, the loyal media and pundits have come out attacking a steel company now undertaking layoffs who have been critical if PMMC’s tactics and Chinese steel dumping.
 
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