Market Matters - July 2018

JULY 2018

Finally, a president with the guts to stand up to Canada

“We would like to thank Gerry Dery for having brought the following article to our attention.”

Finally, the United States has a president with the brains and the guts to stand up to the menace of the north. This weekend President Trump called Canadian Prime Minister Justin Trudeau “meek,” “very dishonest & weak” for protesting U.S. tariffs. Trump’s trade adviser said “there’s a special place in hell” for Trudeau, and Trump’s economic adviser said Trudeau “stabbed us in the back” and is guilty of “betrayal” and “double-crossing.”

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Why Canada's economy is at risk of falling behind

Capital investment is the lifeblood of the economy, and although Canadians like to think they are important, the fact is that Canada is a small fish in a massive ocean full of competitors for that capital. That means our government has a huge responsibility when it comes to creating an environment that is conducive to risk-taking and attractive to investment, and that our central bank must help back that up by providing an additional layer of economic stability. Unfortunately, we think that the decisions being made in Ottawa are doing the opposite by de-incentivizing the country’s citizens and corporations from taking risk.

Brumer Fenerdjian
Wealth Management Group

Jeffrey Brumer
Director, Wealth Management
Porfolio Manager
Tel.: 514.989.4835 • Email

Allan M. Fenerdjian, FCSI®, CIM®
Director, Wealth Management
Porfolio Manager
Tel.: 514.989.4803 • Email

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