Mike’s Midweek Comment

Hurricane Harvey Triggers Oil Market Chaos

 The most serious threat to the energy industry is hurricane damage to refineries including the largest refinery in the US. Damage to pipelines & storage means lengthier outages than many hoped. 3% growth in the US raises expectations for higher US rates while 19 Countries in Europe still have negative interest rates. 

….also from Michael: Creeping Socialism Creates Demand For Safe Spaces

ca 0901NID Hurricane Harvey Aug 24 online

Mid-Week Update: Trump Says NAFTA’s a Bust

 

Posturing or reality? We’ve just finished the first week of NAFTA negotiations and already Trump is saying no deal will be reached. Two of the worlds biggest companies team up to take on Amazon.

…also from Mike: Illegal Asylum Seekers Costing Taxpayers

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“NAFTA Fatally Flawed

 

The Americans come right out of the gate talking tough on NAFTA, not a good sign for what Canadians have come to understand is a critically important agreement for Canada. That said the numbers look better for Canada than for Mexico. Apple announces they are going to spend a Billion on streaming video, meaning the 76 Billion being spent on TV ads is going to get split even further as these transformative technologies continue coming down the pike. 

…also from Michael: The Iron Clad Stupidity of a Soft Drink Tax

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North Korea – Uncertainty & Underlying Strength

Mid-Week Update: The stock market shakes off North Korean uncertaintly & hits new highs this week, so do markets that refuse to go down want to go up? Tesla in the news bringing focus onto electric cars and the future of Oil & Gas. Geopolitical uncertainty triggers movements in the US Dollar & Gold.

….also from Michael: You, Your Investments & Isaac Newton’s 3rd Law

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Dow 22,0000!

 

Good news for investors as the Dow Jones Industrial Average closed for the first time over 22,000. That’s up 20% since Donald Trumps election as confidence continues moving towards the private sector. TSE lags, minimum wage going through in Ontario while BC is setting is up its own commission on minimum wage.

….also from Michael: The Problem Isn’t Minimum Wage – It’s No Wages At All

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A Victory? Petronas cancels $36B LNG Project

As B.C. jacked up demands Petronas has decided to pull out of a great industrial project with good high paying jobs and tax revenue to fund social programs. The construction phase was supposed to create 4,500 jobs alone. Also what does the recent run up in the Loonie mean for interest rates. Higher? Lower?

 

….related from Michael: Foreign Money Influence In Canadian Elections

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