Bank of Mattress savers unite!

Same, babe. Sold all my iShares and Vanguard ETFs and moved into BMO emerging markets, Euro, and Canadian funds.

I still need to look into my employer group pension account. I don’t know how much control I actually have over that.

What isn’t hard to explain to that lead poisoned cult of cunts.

I doubt anything is going to stop Putin in the long run, other than a definitive loss. I’m interested to see how Trump responds when he’s forced to confront the fact that geopolitics is not like demanding a refund at McDonalds because your nuggies are cold.

We may be talking past each other, but in any case, I don’t think that is a useful way of presenting this information.

Gross domestic product calculates only for the net effect of imports and exports. That is to say, the balance of trade.

56% of Canada’s GDP is consumer spending. 19% is investment. 23% is government spending. And 2% is net exports.

That’s the $2.2/2.3 trillion GDP of Canada broken down. Yes, it’s technically true to say that the trade relationship represents a value roughly equivalent to 40% of Canada’s GDP, but I don’t believe that’s very helpful framing.

Using the same method, we might say that the various trade relationships of the US represent a value that is roughly 25% of US GDP.

If Canada’s GDP, an acronym that many people take to be synonymous with ‘economy’, was 40% US trade, we’d be talking about more than a 3% recession.

I can’t help but think of the ‘length of a football field’ or ‘weight of an elephant’ mode of analysis.

Also, your definition of the fallout this could create seems very limited in scope, but I take your point that you are only defining said fallout within the confines of the immediate and specific effects of the tarrifs themselves, and not all the various ripple effects.

Otherwise, we probably agree more than we disagree. Trump’s a cunt is about what it boils down to for me.

Yes, but the $920b you’re quoting is bilateral. That’s the total value of the trade relationship in goods. $450b is the value of Canada’s exports to the US, with the remainder representing US exports to Canada.

I have also seen the 3% figure for Canada, and don’t dispute that. The Atlanta fed is also predicting around the same for the US. Don’t forget, the US is attacking all of its trade partners at once, not just Canada.

You’re not alone! It looks like investors also think they overplayed their hand, judging by the reaction of the markets. Terrible combination of Trumps silky smooth brain and US exceptionalism.

Also, not the first time I’ve seen the 40% GDP figure make an appearance. Must be doing its rounds on US propaganda networks.

While true, the Canadian government has already announced grants and loans to help Canadian companies restructure their supply chains away from the US. It’s a start. While the legal framework exists, Canadian companies haven’t yet had a reason to take advantage of new free trade agreements with the EU and the Asia Pacific. Now they do.

Also, in terms of numbers: about 25% of Canadian GDP is based on US trade; a little lower than the number you quoted, still too high, I’d say. Hopefully, the Canadian economies’ smaller size will prove agile enough for the transition. I’ve also seen it suggested that the hit to the Canadian economy from Trump’s attacks could be offset by removing internal trade barriers so that Canada can trade more efficiently with itself. This has been a huge shot in the arm for that project.

20% of US exports go to the EU, 18% go to Canada, 17% to Mexico, and less than 10% to China. Similarly, about 70% of US imports come from those same markets. This will be devastating for everyone, the US included. It won’t be the ‘short period of transition’ the bloated diet coke goblin imagines. World trade patterns and supply chains will literally be upended.

The fall-out between Trump and Musk is going to be explosive! And it will come. Sooner than we think, I’d guess.

If Canadian and European movie theatres want to boost attendance, they might want to think about screening the whole thing.

When Trump inevitably threatens to have him deported, it’s going to be the comedy event of the year. Oscar worthy.

Countries can and have come back from this. Chile, Germany, Italy, Japan, Spain, Brazil. I hope you guys can pull back from the precipice before you end up like any of those though, because we are all at least somewhat familiar with the hell each of them went through before they came out the other side. Not to mention that some of those descents sparked global conflict.

Only recently, South Korea had a bit of a scare. Luckily, their institutions were solid and able to mount a robust defence. I don’t know if I am as confident with regard to US institutions.

They seem that way because they are.

The Americans need to learn from the French where one egg is un oeuf.

It is definitely atypical for the PM not to be a sitting MP, but it is within the confines of the constitution. The PM only needs to be elected by and then maintain the confidence of parliament.

It’s almost certain that he will call an election immediately, however. A non sitting PM won’t maintain parliamentary confidence for long.

Or a Liberal MP in a safe seat will resign and Carney will stand in the subsequent by-election.

It’s how parliamentary democracy works. The Prime Minister (PM) is elected by Members of Parliament (MPs) who are, in turn, directly elected by canadians. Typically, the Prime Minister is the leader of the largest party, but not always since a coalition of smaller parties could theoretically band together to elect their choice for PM. Carney was just elected leader of The Liberal Party of Canada, the largest party currently sitting in the Canadian lower house, by members of said party.

Our head of state and commander in chief is King Charles III, whose power is severely limited by constitutional and conventional traditions. Typically, in a parliamentary system, the head of state is merely a figurehead with no ability to influence policy directly.

Our Cabinet, unlike in the American Presidential system where cabinet members are unelected and appointed by the executive, are by convention chosen by the PM from amongst the directly elected MPs.

The PM can be forced to resign, alongside their Cabinet of Ministers, when a majority of MPs support a ‘motion/vote of no confidence.’ An election can be called at any time, with the maximum period between elections being 4 years.

This system of governance is shared with most Parliamentary and Semi-Presidential democracies with some minor differences.

He’s been sniffing around in tariffs’ dressing room since the 80s when Japan was economically dominating. Rumour is he’d rather date a 25% tarrif on steel than date his own daughter, so that should tell you a lot. He also has a Navarro body pillow.

Well, he ended the war in Ukraine in 24 hours, didn’t he?

That’s decades of lead poisoning for you!

Makes me wonder what the microplastics have in store for us? If all we get is an “I love you” from our Costco greeter and hand jobs on the menu at Starbucks we’ll be lucky.

Only an economic idiot?

Right. Obvious to most except maybe those with only two brain cells strung together with spray cheese.

Boys’ night out at the local strip club, he turns up at Ikea wondering where everyone is.