Canada has been applauded in recent months for its decision to lift visa requirements for Mexican 'tourists' as of December 1st. Rather than a visa, under Trudeau's administration, Mexicans are now only required to have a so-called Electronic Travel Authorisation (ETA) which can be purchased online for CAD $7.
Authored by Caleb McMillan via Mises.ca,
As if Canadians needed more proof that the country’s real estate is in a bubble, and that this misallocation has spread to other sectors of the economy, the Bank of International Settlements released its latest quarterly confirming what any critical observer can see: binging on debt is rarely a good idea.
Canada’s debt-to-GDP gap is widening and even the central bank of central banks is concerned.
Via Khadija Khan of The Gatestone Institute,
Via Judith Bergmann of The Gatestone Institute,
Via Nick Cunningham of OilPrice.com,
Canada’s oil sands could struggle to rebound, with potentially billions of barrels of oil being kept underground permanently.