Great info, the way you show Canada gets most of its wealth from the energy sector. However, you don’t mention the trade part in cap and trade. You don’t mention that it is not the only cap and trade system in the world, EU has one, California has one I believe. Even China from what I read this morning. Could mention Ronald Coase theory too. I agree it will hurt the Canadian economy but I wished you explained from where this cap (and trade) comes from. Cheers

👏

I really appreciate these videos, thanks very much for your the time you put into these!

I don't bother investing in Canada. S&P500 baby!

The worst part of all this stuff is that we as hard working tax paying Canadian's, we dont deserve this abuse. Vote with your wallet

Brilliant as always!

More great content. Thanks Rich!

Canadians NEED Bitcoin!!!!!!!!!

Yes you guys. Love you guys

Thank you Rich! This is setting up like a backwards 2008. Americans are going to be shopping for cheap Canadian assets with a 60 cent dollar.

Rich is going to prison

Oil and gas subsidies cost Canadian taxpayers at least $6.03 billion, or roughly $214 per taxpayer every year without an energy rebate. This makes the industry benefit half of the stated importance in this video. It is still a very important industry, however is grossly overstated in this video. The bigger scare should be Trump's plan to add at least a 10% tariff to all imported goods into the US. This will be compounded by "Drill Baby, Drill!." Further compounding this, is that 80%+ of TMX exports are to California. That will impact the oil patch "bigly."

The current government is acting like King Louis XV, "Après moi, le Déluge "

Replace "ignorance" with "malice" and you'd be correct.

FOR YOUR FUTURE In Order: 1) Infrastructure Hybrid Connected and the ability to Make Your Own Power & Food, Water. [Remove Inflation and Mobility which is Used to Control] 2) No Debt on Property & Property Must Create a Revenue. 3) Any $ Over 100.000.00 In any of the 3 Protected Accounts Goes into Infrastructure, like Larger array or battery bank. IF NOT YOU WILL BE OWNED BY 2030. Why: Armies Do not align for War, they align for the great crossing, every 12028 years and you are in SOL 2024. When the Grid Goes Down, you better be ready. End of Line

Rich, the Trudeau regime is not ignorant about the Canadian energy sector. They are gleefully waging war against it. They are insane IMHO

I’m as well off driving cab in my hometown than as an electrician working on Syncrude’s shovels. What skilled labor shortage? Show me the incentive, and I’ll show you the outcome. The oilsands are dead. The real companies have left leaving Suncor and CNRL (Canadian public) holding the bag for the environmental destruction. Home prices in Fort McMurray are down over 33% in the past decade. And that’s on a nominal basis. They have abandoned their workforce and the ones that never left are just absorbing abuse. Not just revenues, the paycheques of the workers are cut in half and redistributed to the poor people of the east so that maybe someday they can afford their own heat pumps and use the leftover to attack both Alberta and the oilsands.

Quebec dwarfing other provinces in equalization payments. Truly despicable.

Very good I very proud of you I hope people agree 😘

Shots fired with THAT title!

The Trudeau years are a lost decade.

As Usual Awsome Report Richard!

Good info Rich!!

Thanks Rich

Truly damning evidence…

The Chinese EV tariff probably come from the puppet master telling Trudeau to do it. The only country trying to contain China is USA and by extension its vassals. As you elude to, if they truly believe EVs are so beneficial to the global environment, then it just makes sense to get as many economical units in the hands of drivers as possible. How does it make sense to give tax payer funded incentives for EVs which are mostly unaffordable to the average Canadian while putting a large tariff on affordable ones, thereby leaving the only option to continue paying up carbon taxes for gasoline and diesel for their present ICE transportation all along shaming people which don't really have an option? The carbon tax seems to be just a cash grab to help fund the Liberal money wasting machine.

Am I mistaken in understanding that over 70% of our oil companies are owned by foreign companies? How is the oil companies a golden goose if they aren't owned by us, and by supporting those companies with federal money we are literally giving our money away? A serious question as I feel that only Alberta and foreign investment benefits from this and not average Canadians.

That's their plan.

Rich - there is a typo in this videos thumbnail! (Canadians not Candians 🙃🙃🙃)

Hopefully they’ll be out of a job very soon. If not, then I don’t see a ton of hope for Canada.

Keep at it Rich!

Central banks have lost control and the longer duration part of the curve reacting the way it has after cut announcements proves it. Inflation is here to stay as fiscal deficits continue to rip and the cycle of higher wages demand which begets higher prices for goods and services continues to roll on. This is more or less the “inflate away the debt” playbook that’s been seen in Germany post WWI and the US post WW2. What’s the release valve? The currency. Liquidity is expanding … just not really at an affordable price for large chunks of the population. You will own nothing and be happy because you will not be able to afford to borrow money credit to buy something. In the end, imho the debtors and asset holders will receive the wealth transfer as they have been at the expense of the savers and lenders.

Rich, I have it on good authority that Chrystia Freeland is not happy with you. Just sayin 😅

Your dad would be so proud of you; well done Richard!!!

As usual, very informative video. 🎉

Thanks Rich, great vid as always. I’ll ask again but would love if you could explain to us rubes (probably only me), why we are seeing US yields surge and others not as much. I mean why would I buy a cdn 5yr at, call it 3, and not a 5yr treasury at 4? I get they’re running a big deficit, but as are we. So if you get a chance, would really love an explanation as to who’s buying these bonds?

Thanks for your insight.

Great summary of that data, thanks!

Back in the 1970,s you could quit your job at 7 am and find 5 more good paying jobs by lunch , the corpirations hated the power the skilled worker had , the corporations own and control all as goverment sold us out and shipped 90% of manufacturing to mexico , then japan then china and now here we are consumers by design with sickness canadas biggest industry as the doctors get trained and go to mexico and quack doctors on every block beside the liquor stores and pot shops that all sell toxic products by design 😮

If you take our government sector, we are in deep 💩

Excellent work

Thanks again, Rich (…and Boomer) - That “no respite from rates” chart is very interesting. As someone who is riding variable on its way down and watching fixed go up, I’d love some insight on the current projections on when to lock in - maybe a topic for a future Loonie Hour?

Well Rich, you have grown on me. You earned a sub.

I appreciate the explanations. Trying to learn :)

Rich, are these being made available as audio-only podcasts anywhere? or just on youtube? thanks

thanks for the overview

Did the Boomer choose the intro music? Great content as always!

Rich, enjoying the videos. For some of rubes could maybe on the next video why a CDN 5yr yields so much less than a 5yr treasury? Why would I buy a CDN vs the US? Who buys and why one and not the other? Thanks!

Hey Rich, Can you get Mitch Vexler on the Lonnie hour podcast? Or just interview him on your own? His knowledge of the legal system in the US with RE property tax fraud is very interesting and I’m assuming it’s not much different in Canada. He is based in the US but he is Canadian so I’m assuming he’s researching Canadian issues as well. He would be a huge conversation asset on the real estate topic and could push on Steve’s theories.

The Trudeau years are a lost decade.