Submitted by Robert Appel via ProfitConfidential.com,
A Zerohedge headline that shocked the world this week showed net searches for “moving to Canada” are up more than 1,000% since the “Trump bump.” The same report said that the Immigration Canada web site (one of the most boring sites on the planet) was blown because of excessive access. (Source: “Canada Searches Up 1000%,” Zerohedge, March 2, 2016.)
One month ago, when looking at the latest Canadian official international reserves, we noticed something strange: Canada had sold nearly half of its gold reserves in one month. According to the February data, total Canadian gold reserves stood at 1.7 tonnes. That was just 0.1 per cent of the country’s total reserves, which also include foreign currency deposits and bonds.
As we noted, the decision to sell came from Finance Minister Bill Morneau’s office.
An Ontario man caught smuggling nearly 40 turtles in his trousers while crossing into Canada has been given a two year probation with a fine of $3,500 and banned from owning any turtles for 10 years. The Globe and Mail reports: Dong Yan of Windsor, Ont., was convicted earlier this month of illegally importing reptiles into Canada that were transported in contravention of a foreign state’s law. During an inspection at the Niagara border crossing on June 11, 2014, Canada Border Services Agency officials discovered 38 turtles strapped to Yan’s legs.
Cape Breton Island in Canada’s Nova Scotia is inviting weary Americans to make it their new home should Republican real estate billionaire Donald Trump win the White House in November. The Hill reports: “Hi Americans!” a statement on a tourism website for Cape Breton Island, Nova Scotia, reads. “Donald Trump may become the next president of your country.
Two weeks ago we asked if, in the aftermath of the dramatic selloff suffered by European banks over commodity exposure concerns, whether Canadian banks would not be next in line. The reason was that according to an RBC report, while US banks had already taken significant reserves against future oil and gas loans, roughly amounting to 7% of their exposure, Canadian banks were stuck in denial.