So, there are going to be tariffs announced in the next few weeks, we are told. I’ve said many times that we are waiting to see what they are and will make informed investment pivots if required.
With all the talks of tariffs, I found this graph interesting. If there is on take-away, it’s that the tariffs that our provinces impose against each other, is essentially the same as the tariffs that the US is threatening. That’s astonishing. Contrast this to the US, where inter-state tariffs are virtually non-existent…
In Hockey they call this “scoring on your own goal” which is not good. According to the IMF, removing these barriers could boost inter-provincial trade volumes to levels comparable with international trade. Such reforms could also make Canada more attractive to investors by providing easier access to the entire domestic market. As the C.D. Howe Institute pointed out to us, the removal of internal trade barriers could raise Canada's standard of living and increase GDP per capita by an estimated 3.8%.
Sunday is the Grammy’s: one of the few live TV events that I still watch; I love the live performances and collaborations. Hardly going out on a limb, but Taylor Swift will pick up what seems like her 20th in a row, Album of the Year, with her The Tortured Poets Department album. As a part time driver for kids, I get to listen to all the new hits. Not sure how many times I’ve heard this song, but Chappell Roan’s “Good Luck, Babe!” is the winner.