There are 32 days remaining before Spring arrives. Meanwhile, the snow is unrelenting causing people to discover muscles they never knew they had. After shovelling for weeks, I found a snowblower in my garage. After seven (7) hours of working out, I decided to give it a try, lo and behold, it started on the first pull. If I tried to use it from the beginning, it would not have started so easily. Definitely frustration would have set in and I probably would have taken a sledgehammer to it. But I am not a violent man, I would’ve put it on the side of the road and watched someone take it away, repair it and then show off in front of me as I cringe. 

Nonetheless, as the cold penetrates the multiple layers of clothing, the country might be in the midst of a deep freeze as drastic changes are coming. Specifically referring to the Canadian economy and the impact debt, job security and inflation are having on many individuals. 

Numbers never lie and they tell untold truths. The government and media broadcast information that the Canadian economy is growing faster than we could ever imagine. In the last announcement, the figure for employment growth was three (3) times greater than expectations announced at (+76k) jobs. 

There are two methods used in acquiring employment data. The first is The Labour Force Survey which is collected by phone calls. The second and most accurate is Payroll Data which measures the number of paychecks being issued. There has been a huge contradiction between the two methods with the latter demonstrating the loss of <56k> jobs. 

Our largest and most expensive cities, Toronto and Vancouver are experiencing the worst unemployment rate in the last ten(10) years. When people don’t feel financially confident, they usually sell their homes and home ownership becomes unattainable. Listings have skyrocketed in Toronto they are up 49%, in Vancouver up 33% and in Condo listings at record levels. 

Consequently, the Trump Administration is slapping additional tariffs on any products that apply tariffs on American goods, affecting all countries. A dollar-for-dollar duty that will be repealed if tariffs are lifted. This will just accentuate inflation making the cost of living even more expensive. 

This latest policy directive has lifted the USD Index above the 107.0 level. As a result, the currencies are starting to regress. The Canadian dollar still remains above the 0.70 cent level but could fall fast and hard if a negotiated settlement isn’t reached. The Americans are looking for a European-type economic union to secure energy and reduce barriers for better economic growth. 

Canada is promoting an unelected Prime Minister to a position of power who will not have a seat in the House of Commons, he is loyal to the elites and the World Economic Forum (WEF), making a mockery of our country, democracy and economy. 

Carney is the genius behind the Carbon Tax to triple in April on gasoline. People are already strapped and the solution to print even more money as they did during COVID, will only make people dependent on the government or usher calls for Canada to become the 51st State. Canadians are too complacent and don’t react quickly until actual economic pain is felt. 

Click here to understand the reality we are facing: 

https://youtu.be/Kr9uEW1kWwc

Expect the unexpected and volatility to continue in the currency market and global economies. Precious Metals continue their upward trajectory as Gold surpasses the USD$2930/oz level and Silver is testing the USD$33/oz level as inflation remains steadfast. On the other hand, Oil rises above the USD$72/B level keeping the CAD$ in check. Finally, Bitcoin remains stable in the USD$96/coin vicinity as I wait for the Easter bunny to bring me an electronic wallet.