The Canadian government shocked the professional financial and economic media with their latest fourth quarter GDP release showing the economy has essentially come to a grinding halt at 0.1% growth.  [Compare to U.S. GDP growth of 3%]
The Canadian Q4 GDP growth isn’t one percent, it’s one-tenth of one percent: 0.1%, essentially halted; but everyone discussing this is missing something very important.
First, The Financial Post headline:

[FP] Canada’s economy practically came to a halt in the final three months of 2018, in a much deeper-than-expected slowdown that brings the underlying strength of the expansion into doubt.
The country’s economy grew by just 0.1 per cent in the fourth quarter, for an annualized pace of 0.4 per cent, Statistics Canada said Friday from Ottawa. That’s the worst quarterly performance in two and a half years, down from annualized 2 per cent in the third quarter and well below economist expectations for a 1 per cent annualized increase.

(more…)

Justin from Canada is in very serious legal jeopardy after recent revelations that he interfered the Canadian Attorney General’s office regarding the prosecution of a Quebec engineering firm SNC-Lavalin surrounding bribes to Libyan government officials.

Canadian political pundit from Rebel Media, Ezra Levant, tweeted out an excellent summary, and then provided a very well organized video to highlight stunning testimony from the former Canadian AG.  Here is Mr. Levant’s explanation:

For my American and British friends: Canada’s Justin Trudeau is done. He might try to fight on; I personally think he’s too damaged. He’s irreparably damaged. Here’s what happened in a few short tweets.

Trudeau was detonated today by his former Attorney General, Jody Wilson-Raybould, Canada’s first Aboriginal A-G. She just testified in Parliament, in meticulous detail, how Trudeau and his staff tried to get her to drop criminal charges against a corrupt company that he liked.

(more…)

President Trump has nominated current U.S. Ambassador to Canada, Kelly Knight Craft, to be the U.S. Ambassador to the United Nations replacing Nikki Haley.

Washington – […]  Craft is set to succeed Nikki Haley, pending Senate confirmation, and is Trump’s second pick to replace Haley, who left the U.N. post at the end of last year. The president’s earlier candidate, State Department spokeswoman Heather Nauert, withdrew from consideration last week.

Trump praised Craft’s tenure representing his administration in Ottawa as “outstanding” as he made the announcement on Twitter. (more)

Two Canadian political and economic observers, Ezra Levant of The Rebel.media and lawyer and consultant Manny Montenegrino, discuss how the USMCA grants special consideration to Mexico that Canada doesn’t receive.

.
Historians will note the trilateral negotiations, including the U.S. and Canada, broke down in a series of events between October 2017 and January 2018; culminating with USTR Robert Lighthizer and President Trump deciding to focus on a bilateral agreement between the U.S. and Mexico that Canada was later forced to join.
The intransigent demands by Canada, which would have forced the U.S. to accept any Canada-China trade deal, was the fracture point.  [SEE HERE] This strategic mistake by Justin Trudeau and Chrystia Freeland created the downstream consequences now beginning to surface.
(more…)

The Precursor – Yesterday there was a meeting at the White House between FL Senator Rick Scott, FL Governor Ron DeSantis, FL Senator Marco Rubio, Secretary of State Mike Pompeo and President Donald Trump.  Florida is home to most of the Venezuela political exiles and opposition groups who oppose Venezuela’s dictator Nicolas Maduro.
Today, Venezuelan opposition leader Juan Guaido declared himself interim president while surrounded by thousands of supporters. At a rally that brought hundreds of thousands of Venezuelans into the east of Caracas, Guaido said Maduro had usurped power and promised to create a transitional government that would help the country escape its hyperinflationary economic collapse.

“I swear to assume all the powers of the presidency to secure an end to the usurpation,” 35-year old Guaido, the head of the opposition-run congress, told an exuberant crowd.

Minutes later, U.S. President Donald Trump recognized Guaido as the legitimate interim president.
(more…)

In November of last year the New York Post interviewed President Trump asking specifically why he was not declassifying “spygate” documents, and inquiring about the purpose for his reluctance.  President Trump responded: “Maybe it’s better that the public not see what’s been going on with this country.”  Many people were disappointed, but its always been President Trump’s primary MAGA agenda to focus on economic security.

As the president has repeatedly stated: “economic security is national security.”  And with that cornerstone as the foundation, any evidence of a ‘Five-Eye’ ally participating in the scheme against Trump becomes leverage.  Cue the example:

EUROPE – European officials said today they will make tariffs on steel imports to the region permanent to help stem the glut of supply sparked by Donald Trump’s trade war against China.

The move highlights that protectionism is spreading and Donald Trump’s trade war with China is entrenching itself into the global economy.

The EU will impose quotas on 26 product categories and levy a 25% duty on imports exceeding those quotas, the executive arm said on Wednesday. The move cements proposals laid out last July with the stated aim of protecting European steelmakers amid Chinese overcapacity.

(more…)

The latest left-wing popular cause celebre, an 18-year-old Saudi woman named Rahaf Mohammed al-Qunun, arrives in Toronto Canada seeking asylum.
Canadian Foreign Minister welcomes Rahaf and showcases the results of severe immersion in left-wing teenage popular political culture. The results are, well, creepy. Watch the trophy parade:

(Via Reuters) […] Qunun arrived at Toronto’s Pearson International Airport on Saturday morning, wearing a hoodie emblazoned with the word Canada in red, and a blue cap with the logo of the United Nations High Commissioner for Refugees (UNHCR), which has granted her refugee status. (read more)

(more…)

In February 1993, Canadian Prime Minister Brian Mulroney announced his retirement effective June 25, 1993.  Ms. Kim Campbell succeeded Mulroney becoming the first female Prime Minister of Canada from June 25, 1993 to November 4, 1993.
Today, Ms. Campbell tweeted this about the current President of the United States:

(Tweet Link)

Ms. Kim Campbell was the first female Prime Minister of Canada.  However, months later she lost the national election and simultaneously wiped out her own party.  In the past several years Ms. Campbell has been a strong member of the progressive left.
A review of 71-year-old Ms. Campbell’s current TWITTER FEED highlights her elitist views, ideological perspectives and a disposition that seems perpetually angry about things.
(more…)

This is a little on the economic wonky side of things; but well worth watching if you are a trade follower.  The Canadian Broadcasting Company (CBC) attempts to construct a pro-TPP narrative by discussing possible 2019 benefits to Canada.  However, if you listen closely, each time the question of  Canadian consumer benefit it raised you’ll note there aren’t any.

.
Corporate globalism, via international trade agreements, is a scam. By design it is intended to exfiltrate the wealth of a targeted (host) nation, and allow corporations full control over the domestic pricing of commodity goods.  There are parts of that interview when the lobbyist/punditry accidentally admits the scheme.
(more…)

A few days ago many critics were concerned over an announced pledge of U.S. State Department funding ($4.8 billion) for security and economic development in Mexico. However, CTH noted the approach was likely not what it seemed.
Those who followed the USMCA construct closely noted that U.S. President Trump (through Jared Kushner) and Mexican President Lopez-Obrador (through Jesus Seade) were doing something much bigger than a trade agreement; they were structuring an entirely new U.S-Mexico economic alliance.
With increased investment in central America by the Chinese government; and with Venezuela in a state of vulnerability to becoming a proxy therein; and with Brazil taking a more nationalistic approach; a completely new partnership which focused heavily on domestic security and economics was taking shape between the U.S. and Mexico. Throughout 2017 and 2018 the U.S. media was oblivious to it.
Then, two days ago, the U.S. State Department made public the principles of an economic alliance between the United States and Mexico. [See Here] The outline should be familiar: Economic Security is National Security.
Today Department of Homeland Security chief Kirstjen Nielsen told lawmakers that migrants heading to the southwest border to seek asylum in the United States will have to wait in Mexico until their claims are processed, under an agreement between the two countries:

(more…)