The risk of AI taking your job calls on us to be proactive during these changing times
More people are unemployed and looking for work. Based on our current economy that could spread and affect more in the years ahead, writes Peter Watson. The new world of Artificial Intelligence (AI) is threatening to absorb jobs previously done by humans. When people lose their jobs they lose their paychecks, which can be an […]
Good Federal Politics Can Lead to Canadians Financial Success
Good decisions from federal politicians can enhance the odds of Canadians achieving financial success, writes Peter Watson. A strong foundation provided by the federal government contributes to the financial success of Canadians. Prime Minister Mark Carney’s leadership? Time will tell how he is judged. I liked the elbow up posture at the start of the […]
Why you should think twice about post-secondary education
Getting an education in the trades could lead to a successful career, writes Peter Watson. University education in the past offered prestige and a pay cheque. Now it can lead to a weak job market and a mountain of debt. Forget the dream of owning a house when your financial challenge for the next decade […]
Credit Rating is Key to Your Ability to Arrange a Loan
The downgrade of the US credit rating should be a lesson to us all, writes Peter Watson. There is a similarity in how both individuals and countries qualify to borrow money. It is based on the risk of the loan. For example, if you are living within your means and your income is sufficient to […]
Trump Tariffs Ignore What is Known About Economics
President Donald Trump ignores economic common sense with his tariff strategy, writes Peter Watson. The US international tariff strategy is in direct contradiction on what is known and accepted about economics. The Father of Economics, Adam Smith, stated that “specialization is one of the most important causes of economic growth.” That quote came from www.study.com. […]
Human Creativity is Our Advantage to Thrive with Artificial Intelligence
Human creativity is our advantage to succeed in the world with artificial intelligence, writes Peter Watson. The concern for many is if artificial intelligence will make humans obsolete. It sure feels that way for some people. We have smartphones and artificial intelligence. The tools we use in modern-day life are advancing at a very fast […]
Why Increased Defence Spending is Good for Canada
Increased defence spending will enhance Canada’s competitiveness, writes Peter Watson. Increasing our defence spending will have significant benefits to the Canadian economy and our international competitiveness. There are two aspects to defence spending. The first is to remain strong to protect ourselves against potential enemies. Remaining strong includes living up to our obligation with other […]
Trump’s Tariffs Might Backfire on the US Economy
President Trump’s tariffs could be costly to his country, writes Peter Watson. In simple terms a tariff is nothing more than a tax that the United States charges on goods imported to their country. For example, if an Ontario wine producer exported their product to the US it would be sold like any other product […]
Knowledge is a Key to Investing Success
Using what is known about investing should lead to better investment results, writes Peter Watson. Some of the keys to successful investing were discussed during a summertime interview on Bloomberg with David Booth, Co-founder, and Chairman of Dimensional Fund Advisors. I will give the key comments of the interview and then provide information to support […]
Canada Needs to be Brave and Bold
Our country needs a brave and bold fiscally responsible future, writes Peter Watson. Canada has a huge opportunity and that comes with challenges. Let’s consider both from a financial perspective. A new world order for trade is evolving. The one thing we do know is that our future will be different. We are a young, […]