Richard Dias Profile picture
Loonie Hour & IceCap Asset Management “It takes considerable knowledge just to realize the extent of your own ignorance” Thomas Sowell NOT Investment Advice

Mar 5, 11 tweets

Timing is everything, and this Tariff War is precisely what the Federal Government needed to distract Canadians from their abysmal economic record. From Capital Flight, Falling Investment, and my personal favourite, a collapse in Productivity Growth. The data speaks for itself.⬇️

The Receipts;

Capital Flight

Falling Private Sector Investment

Housing Affordability Crisis

Out of Control Immigration

20-Year Low in the Canadian Dollar

Canada’s Interest Payments Larger Than Healthcare Spending

8-Year (ex Covid) High in the Unemployment Rate

15-Year High in the Number of Unemployed

Growing Budget Deficits (outside a recession)

Lagging Real GDP per capita vs our G7 Peers

Stalling Industrial Production

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