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Monthly Archives: September 2019
Canada is wasteful and we can’t afford it
Canadians consume more than 5x more energy per capita than the global average, and 5.8x the amount of natural gas. Most of this is thanks to our fossil fuel-intensive industry and transportation sectors which will be increasingly subject to higher … Continue reading
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Canadian economy running on empty
Canada has a low-household-savings, stagnant income, high debt, aging boomers, slowing economy problem. The Bank of Canada will no doubt cut its policy rate soon but in present conditions, more consumer debt-stimulus will not help. Pushing lines of credit and … Continue reading
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Negative rates erode the base on which the financial system depends
Hard assets like gold and silver bullion have always been negative-yielding once owners pay for insurance and storage. Real estate is often negative-yielding when it does not generate income sufficient to pay for its carrying costs. Stocks and corporate bonds … Continue reading
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