Why Canada’s latest deal with the U.S. creates trade barriers

Canada must be aware that protectionism has returned which makes international trade complicated

Why Canada’s latest deal with the U.S. creates trade barriersCanada faces new pressures on any attempts to ramp up international trade. In 1994, the United States, Mexico and Canada created a free-trade region with the North American Free Trade Agreement (NAFTA). Considering that the U.S. has been the largest economy in the world from 1994 to now, NAFTA was a true asset for the…

When Reagan fired the air traffic controllers

It was assumed that Reagan would cave to the aggressive labour action. He didn't

When Reagan fired the air traffic controllersSomething unusual happened in August 1981. Ronald Reagan, then president of the United States, fired the country’s illegally-striking air traffic controllers. Most observers were astonished. This wasn’t part of the normal political playbook. Increasing union militancy had become a prevalent feature of the economic landscape since the 1960s. And when faced with aggressive labour action…

With Iranian nuclear deal uncertain, crude oil prices rise

The summer driving season is upon us and Americans are hitting the road in much larger numbers than a year ago

With Iranian nuclear deal uncertain, crude oil prices riseCrude oil markets face an interesting mix of influences. While the COVID-19 Delta variant continues to affect the markets, conflicting signals seem to push oil prices in the opposite direction. Reports confirm that American oil consumption is rushing back much faster from the pandemic slump than initially predicted. The summer driving season is upon us…

OPEC dispute sends oil market reeling

U.A.E. prepares for a post-oil world, endeavouring to make the best of the oil it has before demand shrinks for good

OPEC dispute sends oil market reelingCrude oil markets have left a confused picture and observers can’t decipher where prices will stabilize. In the immediate aftermath of the Organization of Petroleum Exporting Countries (OPEC) fiasco last week, oil prices were on a slippery slope. OPEC+ ministers halted crude oil output talks on July 5 after the United Arab Emirates rejected a…

We can’t just laugh off unidentified aerial phenomena

The observers of these phenomena are sober professionals who seek to understand what it is that has been detected and recorded

We can’t just laugh off unidentified aerial phenomenaThe venerable television program 60 Minutes aired a segment recently focused on a topic that has been examined before, but not with the same widespread receptivity and credibility. It had to do with UAPs. And the Pentagon, directed by the United States Congress, recently released its file on UAPs, or unidentified aerial phenomena. These sightings…

Keeping border closed ignores our pandemic progress

Relaxing measures at the border could serve as an indication that vaccination efforts are working

Keeping border closed ignores our pandemic progressPrime Minister Justin Trudeau has made no secret about his belief that every Canadian should get vaccinated. “I just want to get back to normal,” he said in May, insisting that the path back to normality was to ensure that everybody, including the “crusty old uncle who resists” or a “friend who’s skeptical,” take a…

Richard Nixon’s shocking summer and its big payoff

He wanted to be seen as a man of action, someone taking charge

Richard Nixon’s shocking summer and its big payoffIn the summer of 1971, Richard Nixon demonstrated how his charismatic deficiencies didn’t preclude daring moves. His detractors were taken by surprise. Nixon was in the third year of his first U.S. presidential term and he came into that summer on the back foot. The inherited Vietnam War was grinding on and the policy of…

Rising demand and prices suggest an oil market resurgence

US$100 oil is a distinct possibility

Rising demand and prices suggest an oil market resurgenceThe world needs more oil. The Organization of Petroleum Exporting Countries (OPEC), Russia and American shale oil producers all need to up their output to keep the rising prices of the “super cycle,” as Saudi Energy Minister Prince Abdulaziz bin Salman called it, under control. Media reports say Prince Abdulaziz bin Salman told the Robin…

Global corporate tax rate will hamstring economy

A global minimum corporate tax is a 20th-century solution imposed on the 21st-century, where the digital realm is disrupting taxation

Global corporate tax rate will hamstring economyWorld leaders should resist U.S. pressure to enact a global minimum corporate tax, despite a recent move by the G7 countries to adopt the plan. It would harm corporations, small companies, workers and consumers while discouraging investment and wealth creation. If anything, the world needs more competition for post-pandemic recovery. U.S. Treasury Secretary Janet Yellen’s…

The dangers of shutting down North American pipelines

We should stop caving in to North American virtue signallers

The dangers of shutting down North American pipelinesMichigan Gov. Gretchen Whitmer has launched the latest political hit job on a Canadian pipeline. Whitmer is targeting Enbridge’s Line 5, which runs from Alberta through the Great Lakes region to refineries and chemical plants in Sarnia, Ont. The Sarnia terminus sells to companies that make products that fuel cars, trucks, vans, ships and airplanes…
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