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Summer of discontent
In April, Canada’s unemployment rate rose to 6.9%, the highest since September 2021 and 210 basis points above the July 2022 cycle low of 4.8% (shown below since 1950). Beata Caranci, chief economist at TD Bank, expects a recession in … Continue reading
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Food and energy innovation are here to help
We recently completed rooftop solar, which allows us to run operations and vehicles on sunshine. Technology is here to improve efficiency and lower waste for all sectors of the economy—a much-needed bright spot ☀️. Smart food production powered by renewable … Continue reading
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Housing bust and tariffs hitting highly leveraged economy
The spreading downturn in real estate is the typical and foreseeable mean reversion of the speculative mania that prevailed through the years of near-zero interest rates. The condo market in two of Canada’s big cities has taken a major downturn. … Continue reading
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