I Could Not Have Said It Better Myself!

Thanks for the fine intro Pres. Trump!

In our fair country, with the big GDP numbers (the last 4 quarters worth anyway, which are all historical and ended on June 30, that would be 2 months ago) we have the Bank of Canada offering up its decision on the course of monetary policy and interest rates tomorrow.

In a country as indebted as ours, this is not insignificant. The household debt service ratio at about 14.5%, rather subdued (again as of June 30), will start to feel it after two 1/4% interest rate increases (if they do raise the Bank Rate again tomorrow) and will have a nasty impact on the highly leveraged Canadian households already feeling the sting from the housing market slide.

Tax changes are coming, according to an article in today's Globe and Mail by the Finance Minister himself:

https://beta.theglobeandmail.com/report-on-business/rob-commentary/tax-changes-are-about-levelling-the-playing-field/article36161429/?ref=http://www.theglobeandmail.com&

If you are going to be impacted (especially those of you with professional corporations), you might want to start thinking about your strategy going forward. We can help you with that.

South of the border, they have lots of issues in front of them as Pres. Trump alluded to:

Another game of "debt ceiling roulette" and the Trumpian threat to shut down the government.

NAFTA negotiations are ongoing, but the early talk is that it is not going so swimmingly: 

Again from the Globe and Mail:

https://beta.theglobeandmail.com/news/world/us-goes-hard-on-demands-soft-on-specifics-in-nafta-talks/article36163100/?ref=http://www.theglobeandmail.com&

And it seems that Trump's message to North Korea has not had much impact and the political rhetoric has escalated further.

We shall discuss all of this and more on our client weekly webinar today. We shall post the recorded version on our website at or about 5pm EDT.

Feel free to have a listen!