Anti-U.S. consumer boycott? Canadians may find it hard to pull off – June 12, 2018,

I have a confession to make and after reading the post below you’ll have a better idea of why I’ve come to the conclusion I came too:
https://www.reuters.com/article/us-usa-canada-culture/anti-u-s-consumer-boycott-canadians-may-find-it-hard-to-pull-off-idUSKBN1J82PK

I liked when the Canadian media reported that Trudeau was going to do nothing when Trump announced tariffs, what I thought was the best course of action was for Trudeau to book a meeting with Trump and make temporary concessions or withdraw from NAFTA. When I say temporary concessions I mean Trudeau had a chance to get Trump out of office, a chance to make Trump look like a bully, a chance for Canada to stop allowing Mexico to take Canadian manufacturing jobs away via NAFTA. But Trudeau took the approach of a tit-for-tat tariff and this means that Canada is going to get stuck playing the waiting game.

Being that Canada doesn’t have the same luxury of printing money without consequence like America, prices in Canada are going to start fluctuating and worst of all this is going to put pressure on the Bank of Canada. Before this whole tariff deal came about if Canadians remember the talks revolved around overvalued real estate, well I’m sorry Canada but Canadian indebtedness and a bloated real estate sector hasn’t gone away and in real terms, if Trudeau did nothing prices in Canada would remain stable, it’s actually the U.S economy that would have suffered from higher prices.

With the steel tariffs, prices for steel in America are already going up and they can’t stop going up in America until prices are inline with the tariffs, because the investment community has a fiduciary duty to look out for shareholders, what this means is that American suffrage would have happened a lot sooner, and when this happened because Canada did nothing the blame would be put squarely on Donald Trump, but now because Canada went tit-for-tat with the tariffs Canada gets stuck playing the waiting game as American and Canadian options are lessened.

This also puts Canadian steel companies in a bad situation because they do after all have the opportunity to leave Canada because the one thing Trump did do was lower regulations so being the regulations are plentiful under Trudeau and lessened under Trump the longer this trade war lasts the more it is likely that manufacturers may leave Canada and go to America. Now, this is why in my opinion it wasn’t in Canada’s best interests to align with Mexico, because in the end, the Country Trump was trying to punish was Mexico, the problem was Canadians weren’t willing to negotiate NAFTA which lead to Trump going after Agriculture.

With that said I have a confession to make and that confession is that I would like some sanity back in the Canadian economy. Trump is my excuse for Canada to get its house in order. I mean seriously Canada we hired Trudeau, I don’t mind Liberals, but Canada is not a warmongering Country which means that Canadian Prime ministers have a job and that’s to look out for the Canadian economy. Where is Justin Trudeau weakest? Justin Trudeau is weak when it comes to economics, I personally hope that the Canadian economy crashes under Trudeau so Canadians never make this mistake again.

Even though I closely identify as a Libertarian I do believe that all Canadians have a right to view the world from their own lense, I just want that lense to be rooted in sound economic values. In the past Canadian Liberals were very smart people, meaning as much as I didn’t like their views on the economy they at the very least knew the impact of socializing any industry. Meaning that in the face of Donald Trump I’d expect the Liberals of old to know that taking an extreme approach or a tit-for-tat approach with an individual like Trump who is used to high-stress environments wouldn’t be the best course of action to take.

Trudeau’s advisors are the ones that told Trudeau to go ahead with the tit-for-tat tariffs and they told him this because the well organized unionized groups that make up the regulatory bodies of protected Canadian industries advised him too.

Now a real Liberal that understands economics would have listened, but he wouldn’t have responded the way Trudeau has. Anyway, the bottom line here is let’s see if a miracle happens because in case Canadians haven’t noticed North Korea is the talk of the town now and Trump basically has Canada right where he wants them. Waiting for him to respond, which is a time when Canadians are in record-setting debt levels doesn’t bode well for the Canadian economy if the Bank of Canada is forced to raise interest rates.

Interest times ahead