According to Justin, President Biden is making a big mistake.  Not too long-ago Justin told Germany’s Chancellor there is no business case to sell our natural gas to them. In December, Biden announced that the Americans will sell all their gas to Europe if needed. It is estimated that by the end of 2023 the U.S. can be the world’s biggest exporter of gas, passing Qatar. For the Americans it means tens of thousands of new jobs and billions of tax revenue, something that Justin believes we do not need. 

For decades to come, fossil fuels will be the backbone of the global economy. Demand for oil continues to grow so we should be taking advantage of it because someone else will. Sadly, Justin is determined to close this sector in the name of climate change. These policies do not work. Has he not noticed the attempt has failed miserably across Europe? He clearly hasn’t.  He makes it obvious that his time is spent focusing on the front of a mirror rather than what is happening around him. 

The Liberals are determined to make Canada run on electricity. Trudeau is calling for gas-powered cars and natural gas in homes to be eliminated by 2035.  He has not told us where the consumer is going to get the money to buy costlier cars and solar panels yet.  He also fails to mention who will pay for replacing all natural gas appliances and retrofit the homes to pure electricity. It is estimated that it will take until 2040 to replace the stoves and add panels on every home; only if the electrical infrastructure is in place and there are enough mines for the minerals. 

Every year since Justin became PM CO2 has increased and there has been no abnormal weather patters across the globe.  If you go back before the Industrial Revolution, which climate extremists refuse to do, there is little evidence that CO2 causes global warming. Specifically, there has also been periods of cooling during high levels of CO2. It also shows that that more ppm of CO2 in the atmosphere the healthier the planet was.  Today we are 440ppm, life begins to die at 150 ppm, and the average has been 1200ppm over the last half billion years.   

The Liberal’s mismanagement is going to cause our dollar to fall to around $0.70US.  This will increase our inflation and prevent lowering interest rates.  If Trudeau continues his destructive path, then a $0.65US is possible in 2024. This means interest rates will have to increase much further to support the dollar. The only good thing is that Trudeau realizes that he needs the energy sector to survive financially.  Without the revenue he would not last a month, unless he prorogues Parliament again (which cannot be ruled out), if he thinks the party is about to give him the boot.

The House of Commons must be cleaned out.  Not one Liberal cabinet minister can give a speech without it being approved by Trudeau.  He is on record saying he admires China’s method of governing and is trying very hard to implement it here. The NDP are sellouts.  They have zero principals and have been bought and paid for by Trudeau.  They will do as they are told for the rest of their term because many of them will receive their pension and keep their benefits. A responsible member of the NDP would do the honourable thing and resign their seat, run as a Liberal or sit as an independent. 

What an embarrassment Ottawa is.  Canada has the best prospects in the world. But for some reason the Liberal Party wants to destroy us.  It will be painful until the Liberals are gone. When they are gone the country will prosper and the Loonie will recover to pre-Trudeau levels which is between $0.85 and par with the U.S. dollar.   Our economy will grow exponentially once foreign money knows Trudeau is gone. Since he came to power, $2.4 trillion more investment left Canada than entered and our dollar’s trading range dropped 12%.

Keep a minimum of 60% of your portfolio in 1-year insured GIC’s for the next while, depending on your age.