Category Archives: Main Page

Retail gone wild (encore)

Posted on May 21, 2025 by Danielle Park

The S&P 500 risk premium—forward earnings yield minus the 10-year Treasury yield—is once again about zero (below since 2000, via The Daily Shot). Such dismal equity risk-reward prospects have only been seen once in the last quarter century and that … Continue reading →

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Summer of discontent

Posted on May 20, 2025 by Danielle Park

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

Posted on May 16, 2025 by Danielle Park

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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