TRUDEAU ECONOMY: After Venezuela, Canada’s Stock Market Is Worst Performing On Earth

Fall in energy stocks and declining investor confidence a key factor in the horrible performance of the TSX, which is only getting worse so far in 2018.

A combination of long-term energy industry struggles, and the regulatory strangulation being imposed by the Trudeau government are having a serious negative impact on Canada’s economy, and are a key reason the TSX is the worst performing stock market on earth (if we don’t count the dumpster fire that Venezuela calls an economy).

Charles Adler summed things up well:

Carbon tax, regulations, and anti-energy agenda taking a serious toll

In recent days and weeks, more and more reports have emerged of the rising toll of anti-energy industry policies, and this is causing serious damage to our economy and the TSX.

Former Canadian Ambassador to the US Frank McKenna pointed out that Canada has lost $117 BILLION in the past 7 years because of our inability to get more oil to market.

Additionally, Canada is expected to lose $10.7 BILLION this year alone.

Yet, instead of reducing regulations and supporting the energy industry, the Trudeau government keeps doing nothing to confront the foreign-funded anti-energy industry agenda that is trying to poison the minds of Canadians against our homegrown oil industry, and is making it worse by imposing a carbon tax and throwing more roadblocks in the way of energy projects.

Now, with the Trans Mountain Pipeline being blocked by the BC NDP, and Trudeau failing to get the project going again, we can only expect that the hit to the energy industry will get worse.

As noted by Bloomberg News, “I’m not crazy about Canada,” Paul Tepsich, founder and portfolio manager at hedge fund High Rock Capital Management Inc. in Toronto, said by phone. “We’ve got taxes going up and regulations going up.”

Notably, the TSX isn’t doing great outside the energy sector either, as the environment for investment is increasingly uncertain.

Our competitiveness – especially after the US passed big tax cuts – is eroding, as we move in the opposite direction with more bureaucracy and an ever-escalating carbon tax.

With lower growth expected in the coming years, household debt at record highs, and deficits as far as the eye can see, the weakness of the TSX is just another example of the failed Trudeau economy.

Spencer Fernando

Photo – YouTube

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11 comments Add yours
  1. But then Jr and his cabinet are lost in some (drug induced?) utopia thinking that everything is what booming. Maybe StatsCan has been taking lessons from the climate dudes at IPCC on how to rig the numbers for liberal talking points. The liberal backbenchers MUST wake up before we are like Venezuela and punt pretty sock boy out the door.

    1. You meant to say liberal bench warmer… they’re all freemason and Shriners…. “Ancient Arabic Order, Nobles of the Mystic Shrine” which is available to the 32nd Degree Masons… Islam has already invaded out institutions over 100 years ago… now you know…

  2. Do you think the USA will take us as refugees once we have fallen or protect us from Trudeau and his goons (or masters, I am not sure) Brazil and Columbia are taking millions of sick and starving refugees from Venezuela and having a hard time handling them all (at least they are warm countries), most of the Venezuelian middleclass is gone farther afield.
    We had better talk to the Trudeau Governor General, Oh but it is unlikely The British can help with their already burgeoning refugee problem. Hopefully the middle easts wars will be over and our refugees can go home to rebuild? Don’t think so. The world is a mess, thank you very rich thoughtless greedy people and those who chose to help them.

  3. kick him out the door, it will never happen, his members are in love with him, have you ever watch the way he looks into their eyes. scary i would say, did anyone see queen sophie all dressed up with her indian jewellery. she is playing the part to a t.

  4. Thanks Spenser. We will have an industry, two maybe……….selling our land to china, Russia, and Iran, and being the world’s dope grower. So we will be stoned serfs in our own land. I’m wondering how quickly Trudeau will use the ‘“bail in” option on our bank accounts and pensions?

  5. Wonder what this little boy ever did that got himinto this position and what
    the dangled carrot might be at the end??? His handlers and Soros have a
    set agenda to destroy our Canadian Culture/Economy.
    He must be defeated in the next election. Now running scared and
    applying censorship via social media in an effort to hold onto his empty
    suit and silly socks as an election is in the cards. Social media accounts
    which are our form of communication and debate are changing the
    rules under Trudeau’s direction…as dictated ….
    Hitler took away their voice, then he came for them. Of course if you know
    about Soros he was part of that.
    Patriots stand up for Canada and unite to save our country from this
    gang.

  6. I believe strongly that it’s time to fly our flag upside down as Trudeau criss-crosses the country and the globe for that matter. Wherever he lands he should be greeted with this symbol of our disdain. Show the world our distress.

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