Roughly around the same time that Carney announced non-binding MOU’s with India and Japan that of course will benefit Brookfield and himself,  he called for a  renewal of the EV subsidy, he avoided commenting on the Musqueam Indian band’s claim to all of Vancouver, he also announced an additional $2b to Ukraine while our own social fabric deteriorates.  A new Canadian first occurred under his watch as well; a LNG tanker arrived in New Brunswick from Australia.  That’s right folks!  We imported natural gas from the other side of the planet even though we have our own. This is certainly not carbon friendly and proves Canadians require an east-to-west pipeline.

Ottawa had better wake up to the real world.  Thanks to the recent discoveries of natural gas in many parts of Africa, the world is closing in around 300 years’ worth of proven reserves and an additional century, at least, of unproven ones. Much of this is in our high Arctic and the Indian Ocean.  The plus for us consumers is we can expect a price between $2 and $4 and means natural gas will be the cheapest energy source for the rest of this century. The responsible governments are adopting this cheap and clean natural energy whereas it is only the left leaning governments that are bent on destroying their economies with expensive renewables. Britains power costs four-times higher than Canada’s only because they fell for the renewable trap. 

Oil is a depleting resource.  It is estimated that the world has between 80 to 100 years’ worth of reserves.  Canada is lucky because our oil reserves are close to 80 years’ worth.  But Carney feels it should be left in the ground. If Canadian provinces were viewed as a family parented by the Liberals, Carney would ultimately be viewed as abusive for purposely limiting the success of his children.  It is disturbing that the Elbows Up crowd does not see this. 

The war in the Middle East shows how important our energy sources are for Canada and others. The Liberals have been successful in blocking new pipelines that would generate wealth for Canadians and the government. The demand is there for Canada to lock-in longterm contracts with nations to sell our oil and gas. Yet, our only roadblock remains the Liberal's Climate Change agenda.   

The Climate Scam is slowly destroying Canada. It is the Brookfields of the world who are the only ones profiting from it via government handouts and naïve investors willing to lose their capital.  The citizen however is becoming poor because of it.  In fact, the Liberals are becoming very successful at pushing Canada into Third-world status.    If we could develop our resources, we could easily become one of the most prosperous countries in the world. But since we are ruled by abusive parents, Canada will  never live up to its potential. As time goes on there becomes more reasons for the kids to either run away from home and seek independence or become adopted by our neighbors. 

_____________________________________________

If buying stocks today the dividend yield must be between 3.5% to 6%.  However, it is still better to wait for the market to come to you.   We expect interest rates to fall in June which should support the stock market.  But by year end they will begin a multi year increase because government and consumer debts are getting out-of-control and lenders will demand a higher rate of return.  The chart below highlights the relationship between equity markets and interest rates. Specifically, markets do nothing at best when interest rates increase.  This is the reason to be patient and let the market come to you. 

Warning: When looking to buy a GIC, make sure it is insured.  At the end of 2025, three small American banks went broke.  They sold uninsured GIC's and it is estimated that holders of them will get nothing back.  Today, in Canada, small lending firms are facing large amounts of withdrawals as people are becoming scared of the mess in the Middle East and the Carney government.  To date no Canadian firm has gone under.  But the withdrawals are so high it is possible some of these firms could.  We stress if there is no insurance, do not buy.

Chart Source: www.tradingeconomics.com