Derek DeCloet

Job Description — Find Better Numbers, or Else Shooting the messenger further threatens US centrality to the world economy.

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Opinion Newsletter | @johnauthers.bsky.social , Columnist
Job Description — Find Better Numbers, or Else

Shooting the messenger further threatens US centrality to the world economy.
www.bloomberg.com/opinion/news... via @opinion.bloomberg.com

Once again, Gen X is super wrong, but they're confidently wrong.

New headline on the Bloomberg Terminal

Tariffs and jobs (note from BMO’s chief US economist)

Monthly fentanyl data from US border agency. Black line is Mexico. Yellow line is Canada.

Canada Plans to Recognize Palestinian State, Joining France, UK Prime Minister Mark Carney said Canada plans to recognize a Palestinian state at the United Nations summit in September, following France while setting up a clash with the US and Israel.

Nota bene:

Carney said the intention relied upon commitments made by the Palestinian Authority, including "to fundamentally reform its governance, to hold general elections in 2026 in which Hamas can play no part, and to demilitarize the Palestinian state"

correct

Incomes were not growing at 8% a year, that is true. But now inflation is around 2% and average weekly earnings are rising at 4.4%.

Three years ago the rate of inflation was 8.1%. Last month it was 1.9%. This is the front page of the National Post this morning.

Trump’s 35% Tariff Bulldozer Tests Carney’s Strategy of Avoiding Conflict It seems that nothing Canada has tried so far has shielded it from the threats of Donald Trump.

Trump’s 35% Tariff Bulldozer Tests Carney’s Strategy of Avoiding Conflict

w/ @rtkwrites.bsky.social @melissagshin.bsky.social @decloet.bsky.social @erikhertzberg.bsky.social

Canada’s Top Port Seeks Builder to Add 70% Capacity in Asia Trade Push The Port of Vancouver, Canada’s main trade gateway to Asia, kicked off the search for a company to build a new wharf to handle 70% more cargo, as the country looks for ways reduce economic reliance on...

The Port of Vancouver, already by far Canada's largest, kicks off procurement to build a terminal with capacity representing a 70% increase on today's cargo volumes

Canadian press officers: why don't you pick up your phones?

It seems consistently harder to speak to somebody than in the UK

totally agree

YouTube video by Historica Canada NEW! A Heritage Minute Salute to Canada Day

This is awesome. Happy Canada Day, everyone.
www.youtube.com/watch?v=yr2U...

if No Frills had a baseball team, it would look like that

NATO ALLIES AGREE ON NEW DEFENSE SPENDING TARGET OF 5% OF GDP

This was wrong

Mark my words: the team that scores the next goal will win the Stanley Cup.

we

want

the

Cup

#oilers

Someone needs to tell the sun it’s safe to come out

via @nytimes.com

WTF Rogers, you’re showing horror films in the daytime? LITTLE CHILDREN MIGHT BE WATCHING

well at least this time the Leafs aren't getting eliminated by a team with Brad Marchanbwwwwwhahahahhaahhdhahhaaaaagggghhhhaahhaaghhhggg

Al Overview. Google search. Reads: There are 60 days remaining until June 20th. Since the current date is May 18th, 2025, there are 2 days left in May and 58 days in June to reach June 20th, according to Calendarr.

Some day, AI might go SKYNET on us. It won’t be today.

INBOX: "Moody's Ratings has downgraded the Government of United States of America's long-term issuer and senior unsecured ratings to Aa1 from Aaa and changed the outlook to stable from negative."

Trade War Brings Ontario Budget Deficit to Near Pandemic Levels Ontario’s budget shortfall is expected to reach its highest level since the beginning of the Covid-19 pandemic as the effects of the trade war hurt economic growth.

Ontario's budget shortfall is expected to reach its highest levels since the beginning of the Covid-19 pandemic as the effects of the trade war hurt economic growth.

More in our Ontario budget coverage for
@bloomberg.com

www.bloomberg.com/news/article...

what happened to this tennis fan? 😂

Trump Says 80% China Tariff ‘Seems Right,’ Ahead of Trade Talks US President Donald Trump floated an 80% tariff on China ahead of negotiations due to begin Saturday as he urged Beijing to do more to open their markets to US goods.

Team Trump is heading into weekend China talks seeking a deescalation and mulling a dramatic cut in tariffs.

The issue: Tariffs are so high at 145%+ that even after massive cut they would be astronomical.

My latest with a battalion of @bloomberg.com colleagues:

www.bloomberg.com/news/article...

New trade deal imminent

It is not clear why Trump repeatedly claims the US subsidizes Canada by $200 billion a year.

A trade deficit isn’t a subsidy — but in any event, the US trade deficit in goods and services with Canada last year was about $36 billion.

Here’s the data (source: US govt)