Tag Archive | Justin Trudeau

Financial Folly

Imagine that you earn $33,000 a year. It is a moderate income. But you like to spend money, and so you habitually spend about $2,000 more each year than you bring in in income. Five years ago, you were $50,000 in debt. As a result of your recent overspending, you are now $60,000 in debt. […]

Planning for the Next Crisis

It was announced this week that Justin Trudeau’s government is giving $300-$500 each to 6.7 million Canadian seniors, at a total cost of $2.5 billion. We seniors will accept the money, of course. We don’t have a choice. For most of us, it will automatically be deposited into our bank accounts. But how many of […]

We’ll All Get through This Together

In his daily media briefings, Prime Minister Justin Trudeau has taken pains to reassure Canadians that all will be well. “Don’t worry. We will all get through this together,” is the message he puts out, and the message is endlessly repeated by others. Don’t worry about paying your rent or your mortgage—the government is developing […]

Trust and Cooperation

A few months ago, I was “invited” by Statistics Canada to participate in a “Survey of Financial Security.” I have always voted in elections, completed my income tax returns, and filled in my census forms. I have nothing to hide. I have even worked as a census taker. But, even so, the scope of this […]

Would You Buy a Used Car from SNC-Lavalin?

Two hundred and eighty million dollars is a slap on the wrist. It doesn’t take an expert in corporate finance, engineering, or law to understand this. All it requires is a broad perspective and common sense. On December 18, 2019, SNC-Lavalin, the engineering firm at the heart of 2019’s biggest Canadian political scandal, pleaded guilty […]

Political Puzzle

“I don’t know how that guy ever got elected or why people still support him. He is self-centered, egotistical, obsessed with his own image, and vindictive to those who oppose him.  He broke the law, then lied about it and tried to cover it up. He has manipulated the electoral process, shown a limited grasp […]

Why the Federal Government Deficit Matters to You

$$$$$$$$$$$$$$$$$$$$$$$ When most Canadians look at a federal government budget (or a provincial government budget), they look to see what is in it for them. Is there some new program or subsidy or grant that will benefit them or their children? Is the government going to provide a home ownership grant or a child daycare […]

Black Holes and Other Investments

Let me ask you a question. As an investor, would you invest in BlackBerry Limited? This is a company whose sales dropped from almost $20 billion a year in 2011 to less than 1 billion in 2018. This is a company that racked up losses of over $10 billion between 2013 and 2017. Its work […]

The Arrogance of Apologies

Back when I was in high school, a teacher had arranged some small group sessions in which the students were to discuss certain assigned readings. When we assembled, it soon became apparent that most of the students had not done the assigned readings and thus were unable to discuss them. In frustration, the teacher cancelled […]

Advice to a First Year Student

The universities from which I graduated often ask me for things (mostly money). One recently asked me to contribute a short note of encouragement and advice to a first year student. I agreed. And then I discovered that my note was to be limited to 150 characters (25-30 words). It is difficult to condense my […]