Unfortunately, the same sentiments cannot be expressed for the Canadian economy. On Friday, a pathetic outcome for Job losses in Canada. A net loss of <65.5k> jobs was the result, expecting a gain of 7500. This follows the previous month’s loss of <40k+> jobs and now boosts the unemployment rate to 7.1% from 6.9%. As a result, expect the Bank of Canada to lower interest rates next week. In my opinion, very late to the table, you cannot blame Trump and tariffs for overall government incompetence.

The other major announcement was U.S. Non-Farm Payrolls (NFP). The gain was only 22k jobs, as the market expected 75k. The unemployment rate ticked up by 1/10 of a % to 4.3%. 

The difference is that the Americans are opening up their economy to trillions of dollars in investments, and the results will soon amplify once the Federal Reserve starts reducing interest rates as well. 

The Canadian approach is to tax to death those companies that dare make profits and provide employment. The Canadian government has seen an exodus of investments, especially in the oil and gas sector, with other major companies looking to move production facilities south of the border. This doesn’t include the billions of dollars leaving by those wealthy enough to take up residence in countries that are accepting of their presence and financial appeal. 

Nonetheless, the black clouds are accumulating over the Canadian skies. Leadership is devoid of any beneficial ideas to boost Canadian morale and wants the country to be submissive to the government rather than a reflection of the people’s interests and values. The approach of indebtedness will only make us bow to foreign elites who hold the debt from which the government borrows to provide the services expected. It cannot be maintained without consequences and disruption to services, affecting quality of life and lifestyle. Enough is Enough, and the People need to wake up to this reality, as life will become harder and the ability to function will be even more restricted.