Today, I want to highlight something I have masked all my life: I suffer from dyslexia. I believe everyone has it within them, but some cases are more severe than the type I suffer from. As it is my birthday, I can honestly express that I never felt my age of 16 as I do today. 

On Monday, my daughters accompanied me to a SPA called Go Place, an incredible facility in Markham, ON. A good friend provided a gift card, and my daughters pounced on the opportunity to demonstrate how I need to take care of myself by reducing the stress in my life. It was an incredible experience, to say the least, and highly recommended. 

On the weekend, my youngest daughter was discussing how I can manifest anything if I truly desire it. I can believe this because I did manifest a new car by getting into a nasty accident a few years ago that had my 2011 CR-V written off, and then I said hello to my 2020 Lexus. The best car I have ever driven, and hopefully one that will maintain luxury in the stretch run of my life!

But something even more concerning happened; my Samsung refrigerator, purchased in 2013, which had been unreliable to say the least and repaired under warranty three times over the years, finally met its fate. The repairs cost an estimated $4500 (not out of pocket). Even though the company stood by its product, my daughter asked me, Dad, what will it take to actually get a new refrigerator? I responded, It has to completely break down. 

Lo and behold, it happened 1 hour later. Everything was starting to thaw, and not to waste the food, I started cooking. I made a steak to die for. Oops, I really have to choose my words carefully. Can you guess what I am doing this weekend? 

Speaking of manifesting, those who were conned into voting Liberal after 10 years of total fiscal mismanagement, then presented a manufactured economic crisis, are now reeling in the worst economic performance ever in Canadian history. Exports have been decimated by a whopping 13%. The Gross National Product (GDP), a reflection of our standard of living, is falling hard while the cost of living is exploding.

After a pathetic jobs report, witnessing a net loss of <65.5k> jobs was the result, expecting a gain of 7500, following the previous month’s loss of <40k+> jobs, the unemployment rate rose to 7.1% from 6.9%. Expectations are that the Bank of Canada (BOC) will lower interest rates next week. In my opinion, very late to the table, you cannot blame Trump and tariffs for overall government incompetence. Canadians have been lied to!

The BOC is a sideshow to the real important market decisions, that is, what direction the Federal Reserve will take in lowering interest rates. In March of 2024, the Biden administration overestimated job growth by 30% or added 818k jobs in 2024, which never existed. At the time of the fraud, the Fed lowered rates by 0.50% from 5.50% to 5.0%. 

Now that the latest jobs number only showed 22k new jobs vs the expected 75k, will they be more aggressive with another 0.50 point cut, while other metrics remain mixed and inflation seemingly in check as the Producer Price Index (PPI) declined to 2.6% in August from the previous month’s 3.7% result. Core PPI rose to 2.8% from the downwardly revised 3.7% in July, completely missing the estimate of 3.5%. Now we await the Consumer Price Index (CPI) and the Weekly Jobless rates for more data. 

The pressure from the administration to cut rates could boost housing and equity markets going into the crucial holiday spending period. Note, it usually takes 2-3 months for the economic impact to be reflected in the data. The USD Index continues to show signs that interest rates are going to fall, as it maintains the 97.50 level. The question remains, how much of a cut will it be, considering that the Fed was slow-playing their decision for 7 months, waiting for inflation to kick in, which never materialized as they expected.