“As history has repeatedly proven, one trade tariff begets another, then another – until you’ve got a full-blown trade war. No one ever wins, and consumers always get screwed” – Mark McKinnon Canada, U.S. Impose Tariffs On One Another Thursday saw volleys of trade tariffs imposed. Citing “national security”, United States Commerce Secretary Wilbur Ross… Read More
The You First Blog
“If it seems too good to be true, it probably is” – Unknown British Columbia Securities Commission Cautions Investors of Cryptocurrency Scams The British Columbia Securities Commission (BCSC) has issued a warning to BC residents on the risks of investing in cryptocurrencies, joining their Ontario counterparts (OSC) and the Bank of Canada in warning investors…. Read More
“Nobody likes high interest rates” – Chanda Kochhar Bank of Canada Raises Five-Year Fixed Mortgage Rate The Bank of Canada raised its conventional five-year fixed mortgage rate on Wednesday, from 5.14% up to 5.34%. As we all now know, the BoC’s five-year fixed rate is a crucial piece of information for prospective home buyers in… Read More
“What’s the use of happiness? It can’t buy you money” — Henny Youngman *Amazon Headquarters Coming to Vancouver Prime Minister Justin Trudeau announced Monday that Amazon is expanding its Vancouver tech hub with a new headquarters. This is expected to bring an additional 3,000 high tech jobs to the city in fields including e-commerce technology,… Read More
“Globalization and free trade do spur economic growth, and they lead to lower prices on many goods” – Robert Reich Please note that starting next week until the end of April, our weekly update will simply consist of the weekly and year-to-date market numbers. Stock Markets Drop on Tariff Worries Sabre-rattling between the United States… Read More
“The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least amount of hissing” – Jean-Baptiste Colbert Continued Political Turmoil in the White House – and Abroad – Tempers Markets President Trump’s softening tariff stances – offering exemptions for Canada and Mexico – have led… Read More