While the focus has been on Mexico, in the free trade deal with the US, Canada has been the more important trading partner. Now that agreement may undergo re-negotiation as soon as May this year and the implications for Canadian business is profound.
The most vocal supporters in Canadian Society ignore the fact that it has to be paid for. Economic growth is the only way to achieve that, yet the irony is that those that most support social programs are quite often found protesting the very economic developmen that's needed to pay for them.
Berkshire buys $12 billion of stock since election.
This move was largely Buffett’s.
Walgreens recuts Rite Aid deal.
Berkshire (BRK.A/BRK.B) substantially grew its equity portfolio after the US presidential election. They had slightly over $100 billion in shares before the election and increased it by over 10% with new purchases since then. Next month, we will go through the specific securities purchased. The new purchases could be new positions or increases of current ones.
The refugee backlash has been percolating in the US and Europe for some time. Governments inability to integrate immigrants & refugees on both social and economic terms satisfactory to the voting public is clearly an explosive issue.
Prime Minister Trudeau just completed a cross country tour where technology as a cause of job loss wasn't talked about. Meanwhile John Kerry in Davos Switzerland said 85% of job loss in the last decade was due to technology.
Every country in the world would like to have the access to US Markets that Canada has through Free Trade. Just imagine what will happen to Mexican factories if Donald Trump follows through with a 20% tax on Mexican good crossing the border. That's how Trump is going to get Mexico to "pay" for the wall.