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Tag Archives: Canada

Canada Passes Law Criminalizing Use Of Wrong Gender Pronouns

Authored by Rob Shimshock via The Daily Caller, Canada passed a law Thursday making it illegal to use the wrong gender pronouns. Critics say that Canadians who do not subscribe to progressive gender theory could be accused of hate crimes, jailed, fined, and made to take anti-bias training. Canada’s Senate passed Bill C-16, which puts “gender identity” and “gender expression” into both the country’s Human Rights Code, as well as the hate crime category...

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US-Mexico Reach Sugar Trade Deal…There’s Just One Problem

US Commerce Secretary Wilbur Ross announced Tuesday that he had reached “an agreement in principle” with his Mexican counterpart, Economy Minister Ildefonso Guajardo, on a new trade deal governing the trade of raw and refined sugar between the US and Mexico. There’s only one problem: The US sugar industry has said it’s unable to support the agreement in its current form, according to Reuters. Ross said that Mexico met nearly every request by the US sugar industry to...

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Sugar Wars – Sweet Deals, Bad Policy

Authored by Mike Shedlock via MishTalk.com, A “sugar bomb” will detonate on June 5 unless the US and Mexico can reach an agreement on sugar imports within the next week. If the US takes action, Mexico has threatened to retaliate. Corn and high fructose corn syrup are likely targets. Mexico is the key buyer of US corn syrup. Sweet Deals Whenever manufacturers or growers cannot compete, they moan about “dumping”. In a sweet deal for the express benefit of the sugar...

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Investors Catch Breath, Markets Stabilize

(Back from three-week business trip to Asia and early post today as I make my way to Bloomberg where I will be a TV guest from 6:00 am to 7:00).   Markets are calmer today.  The significant movers yesterday have stabilized.  The dollar has been unable to resurface above JPY110, but after plumbing to new lows near JPY109.35 in Asia, the dollar has recovered back levels since in North America late yesterday.   The decline in the US 10-year yield was also initially...

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Trade Notes: China and Prospects for a New Executive Order

Last week's meeting between the US and China's Presidents did not produce much fireworks or headlines.  The missile strike on Syria and the North Korean missile launch tended to overshadow the first meeting between the leaders of the two largest economies.   We understood that both Japan and China have similar strategies for dealing with a mercurial and, perhaps, unpredictable US President.   Make small concessions, giving Trump a "victory," which buys some good will. ...

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Canadian Housing Starts Explode To 9 Year Highs As Renter Nation Spreads

Misleading signals from China's capital flight into Canadian homes appears to have sparked a panic-building spree among homebuilders. Canadian housing starts surged in March, to the highest annualized level since 2007, driven by higher multiple unit construction. "Probably nothing..." Housing starts soared to an annualized 253,720 units in March, from 214,253 units in February, the Canada Mortgage and Housing Corporation said in a statement. Multiple-unit starts in urban areas surged 30...

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A New Phase Begins

There were no celebrations; no horn or trumpets, nary a sound, but an important shift took place last week. The shift was signaled by two events.  The first was the US strike on Syria, and the second was investors' willingness to look past Q1 economic data.   The US missile strike on Syria was significant even if it fails to change the dynamics on the ground.  It undermines the Trump Administration's ability to "reset" the US relationship with Russia. What the new...

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US Jobs Growth Disappoints

The US jobs growth slowed considerably more than expected in March and the disappointment pushed the dollar and equities initially lower.  The US created 98k jobs in March, well below market expectations for around 175k jobs.  Adding insult to injury, revisions to the January and February data took off another 38k job.   Wage growth also failed to meet expectations as the year-over-year pace slowed to 2.7% from 2.8%.   However, there were a couple of bright...

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Yen, Peso Pop After Ross Targets NAFTA, Japan For Trade Deals

The yen and the peso jerked higher after President Trump's commerce secretary Wilbur Ross commented that he expecte to start renegotiating NAFTA within two weeks and that Japan will be high on the list for trade agreements. As Bloomberg reports, discussions are under way with the Finance, Ways and Means committees and the expectation is that “in the next couple weeks” the U.S. will issue the 90-day notice trigger legally required consultations with lawmakers, Commerce Secretary Wilbur Ross...

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Solid US Jobs Report in line with Expectations

The US jobs report was largely in line with expectations.  February was the second consecutive month that the US economy created more than 200k jobs.   It is the first time since last June and July.  The 235k is just below the revised January 238k gain (initially 227k).    The unemployment rate ticked down to 4.7% from 4.8%, which is notable as the participation rate increased to 63.0% from 62.9%.  The underemployment rate slipped to 9.2% from 9.4% and matched the...

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