U.S. President-elect Donald Trump’s desire to annex Greenland and his coyness on whether he would resort to using military force to take over the world’s largest and mineral-rich island has some investors on edge about doing future business on the territory.
During the 2024 presidential campaign, Donald Trump spoke about the need to end the Ukraine and Israel wars, and won over the American electorate by giving them hope that a second term would mean a stronger economy that would benefit We the People of Slavelandia.
Last month, Canada’s unemployment rate rose to 6.8 percent from 6.5 percent in October, Statistics Canada reported, as more people went looking for work in the country’s feeble economy.
Canada’s economy squeezed out 1-percent growth in this year’s third quarter, a sharp reduction from the 2.2 percent booked in the second, Statistics Canada reported.
Canadians spent $66.1 billion in May, 0.8 percent less in dollar terms than in April when retail spending rose 0.6 percent. The volume of goods and services bought fell by 0.7 percent.
Bankruptcies in Canada rose 3.1 percent in May from April and a stunning 19.2 percent year on year, according to the Office of the Superintendent of Bankruptcy.
As a gross number, the rate of Canada’s economic growth was the second-best among G7 nations from 2000 through 2023.
Canada’s government may follow the U.S. is hitting Chinese imports with new tariffs after President Joe Biden announced sweeping tariffs of as much as 102.5 percent on Chinese goods earlier this month.
In this year’s first quarter, Canada’s business bankruptcies shot up 87.2 percent, year on year, to 1,599, according to data from the government’s Office of the Superintendent of Bankruptcy. Household bankruptcies rose 14 percent.
The “degrowth” screws are tightening on citizens in Canada, the U.S. and Europe.