Canadians think of the Hudson's Bay Company as something to be proud of. A lot of them drape themselves in the iconic stripes.

My family is from the Caribbean though. So while I was educated in Canada, I'm reminded of a totally different kind of branding.

🧵👇
See Canadians are taught the founder of HBC, Prince Rupert, funded the expedition of Canada to develop the fur trade.

In fact, they're taught in a cutesy way that most of the country was originally just called Rupert's land. Remember that? Adorable and harmless, right?

2/7
What they don't teach is Rupert is one of history's worst monsters. His wealth didn't come from HBC.

HBC was funded in part by the profits from another company he founded – the Royal African Company (RAC). Canadian history tends to leave out any mention of this venture. 🤔

3/7
Weird, because the RAC is actually one of the most successful companies IN HISTORY. 🧐

They might not have mentioned it because the RAC was the largest slave trader in the Americas. They shipped more slaves to the Americas than any other *institution.* Not just company.

4/7
That's where Rupert started to dabble in branding, actually.

The company branded all of their slaves RAC, partially to permanent mark that they were slaves, but to also show market prominence.

Just like logos today, they wanted everyone to know how popular they were.

5/7
Despite HBC actually naming the territories in Canada after Rupert, history distances Rupert – trying to say he only funded the expedition.

Same with RAC. He was "only" an investor, but like HBC, he was actively involved – even serving as governor (CEO at the time).

6/7
So you gotta forgive black and brown people if they don't like that cute photo you posted on instagram of your new HBC blanket draped over your couch.

A good portion of us see the flag of a company founded by one of history's most murderous slave traders.

~ Fin ~

7/7
Strange number of people in my DMs saying Canada has nothing to do with slavery.

You know "fur trade" is just a narrative that was spun through history? Academics have long known HBC didn't arrive looking for fur, they were looking to pillage, plunder, and enslave.

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More from @StephenPunwasi

Dec 3
🇨🇦: who wants a funny GDP story? 🙋‍♂️

When a quant sees an unexpected surge on a chart, they break it down—it’s often a modeling issue.

This is 🇨🇦’s GDP chart. I stared at it for ~8 hours & talked to StatCan. You’re gonna laugh…

<thread> 🧵👇
2/ What do we see? Imports contributed 0.7 points out of 0.6 points of Q3 GDP growth. The rest of the economy was a net drag.

Imports contribute to GDP as a part of net exports: exports minus imports.

Smaller imports boost net exports. Imports made the biggest drop since 2022.
3/ What we’re seeing is a phenomenon called import compression: the balance was boosted by falling imports.

It’s a superficial improvement due accounting mechanics. The only growth is actually weakness.

We figured it out. But wait—how do they get import/export data? 😬
Read 12 tweets
Nov 20
🇨🇦’s real estate is about to spiral faster than most realize.

The red is the estimated level of investor-owned units. A lot don’t have the cash & hoped to flip it before completion.

It gets crazier. Let’s talk about blanket appraisals.

<thread> 🧵👇
2/ first off, when you buy a pre-construction home in 🇨🇦 you don’t own a home—you own an assignment. The right to a home on completion.

You aren’t qualified in anyway way. You make the deposits until you have 20% down at occupancy, and then you need to provide cash or financing.
3/ Lenders will do up to 80% LTV, so you need at least 20% equity on the property.

If prices rise, you have extra equity by completion. If they fall, you need to top it up.

Here’s the fun part: Prices dropped over 20% in TO since peak, wiping out the deposit.
Read 11 tweets
Oct 23
Pst… while the normies are sleeping—let’s talk about serial killers.

Specifically, the 70s boom & bust. Most experts attribute the disappearance of serial killers to improved social conditions.

What if the only thing that disappeared is the data? This gets wild.

<thread> 🧵👇 Image
2/ first rule of data literacy: what are we looking at?

This chart shows 🇺🇸 data from the Radford/FGCU, which defines a serial killer as someone who murders 2 or more in separate instances.

That definition broadens the label—even reclassifying infamous murderers like Ed Gein.
3/ Experts often attribute the rise to:
- Mobility: New highways let killers flee; victims were farther from home & community

- Post-war trauma: Returning vets passed trauma to their kids

- Anonymity: As people moved further from home, they knew fewer neighbors
Read 16 tweets
Oct 9
🇨🇦: Canada Post is losing money.

The left thinks that’s okay. The right thinks it now needs to be sold off.

The elites & their politicians? They don’t want you to realize that Canada Post’s losses were manufactured so they could loot a public asset.

<thread> 🧵👇
2/ InnovaPost was Canada Post’s in house IT provider, handling key infrastructure like email and its shipping platform.

Brilliant. This allows internal transfer for the lowest cost, since any profits are returned.

It was sold to Deloitte in 2024. Obvs they must be suckers.
3/ Canada Post built SCI, a third-party logistics company (3LP) w/ synergistic operations. It was one of 🇨🇦’s largest 3PLs, essential ecommerce infrastructure.

“SCI has been a strong performer for the Canada Post Group of Companies over the years,” Canada Post’s CEO in 2024.
Read 7 tweets
Jul 3
Have you noticed smart people are suddenly irrational—ignoring facts & embracing narrative?

It’s not your imagination—it’s a biological phenomenon exploited by leaders & we’re all vulnerable to it.

Let’s talk about amygdala flooding & neurobiological hijacking.

<thread> 🧵👇
2/ Bonhoeffer, a Lutheran pastor executed for trying to kill Hitler, famously touched on this in his theory of stupidity.

Stumped by the normal people he knew suddenly becoming Nazis, he concluded they’re not evil—they’re stupid.

Stupidity is way worse than you think.
3/ to him , stupidity is surrendering one’s ability to think, making one incapable of self-reflection or moral judgment.

It’s not greed. People are so stressed they’re outsourcing thinking.

This is why facts have no impact—there’s no consideration.
Read 16 tweets
Apr 23
🇨🇦’s wild these days.
- Money laundering capital of the world
- the global fentanyl “command & control center”
- home to transnational organized crime heads
- at least 1 in 7,800 residents are members of organized crimes.

How did this happen so fast?

<thread> 🧵👇
2/ first of all, most folks in 🇨🇦 don’t realize how bad things are yet, they’re just dealing with the consequences.

Soaring housing costs. Rising car thefts. Unaffordable housing, Overdoses in your hood. Violence in your streets.

All related.
3/ 🇨🇦’s home prices soared in the mid-2010s due to laundering.

Fentanyl proceeds were washed in casinos, then layered w/housing. It’s now called the Vancouver model.

Home prices surged since comps were skewed, & launderers WANT to pay more.

Dive into this later.
Read 11 tweets

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