Why did President Donald Trump start a trade war with Canada and other countries?
Peter Watson answers the million-dollar question about tariffs. Why has our neighbour started a trade war with Canada? The answer is simple: Money. The U.S. financial position is a mess. In round numbers, the U.S. spends $7 trillion per year, and revenues are only $5 trillion. The challenge for the U.S. is how to reduce […]
More Homeowners Could Face Mortgage Payment Defaults
Homeowners are encouraged to consider the risk of not being able to afford their future mortgage payments, writes Peter Watson. There are troubling signs that more people will be unable to make mortgage payments on their house. During the last quarter of 2024, there were 11,000 mortgage delinquencies in Ontario. That is almost 3 times […]
Federal Government Should Complete Your Tax Return
Our government should complete your tax return for most Canadians, writes Peter Watson. The annual ritual of completing your personal income tax return and submitting it before the end of April for many is a waste of time and effort and money. I would like our federal government to automate this process for most Canadians […]
The News Media Plays an Important Role in This Trump Era
More than ever, we need a strong news media, writes Peter Watson. President Donald Trump’s second term has gotten off to a rocky start. Canada, and all its component parts need to rise to the occasion to protect our economy, values and independence. The news media plays an important role. In any system, there must […]
One American is Trying to Defeat Us
We will fight to protect our country, writes Peter Watson. I made a prediction…and I was wrong. My thought was our increasing and dangerously high debt levels both federally and provincially would eventually be the cause of Canada’s demise. I was not sure when that would happen but did think it was inevitable. That would […]
Bank of Canada Warns There Might Be Tough Times Ahead
The economic and personal challenges we face with a US trade war, writes Peter Watson. Recently the Bank of Canada Governor Tiff Macklem spoke about the significant dangers to the Canadian economy if we have a trade war with the US. There could be tough times ahead. The Canadian economy would weaken, inflation would rise, […]
How “the true North strong and free” will fend off an economic bully
Is Canada facing an economic bully? Peter Watson weighs in on the hot debate involving President Trump and his vision for Canada to be a 51st state. The country that shares our border is making repeated financially devastating gestures towards us. This has ignited a sudden rush of Canadian national pride. But that’s just the […]
Why investors should proceed with caution
Investors beware, this year will have many challenges, writes Peter Watson. The year is off to a rocky start. We have many challenges, and it is recommended that investors proceed with caution. President Donald is demanding trading partners, including Canada, pay a costly tariff to sell goods in the United States. Also, he has consistently […]
Understanding stock market returns
As investors, it is important to realize the “highs and lows” of the stock market. What’s interesting is that American stocks, as measured by the S&P 500 index, gained 25% in 2024. That was the first time in several decades there have been two back-to-back years with over 20% return. As an investor who owns […]
Trump’s Trade War Will Hurt Canadians
President Trump’s trade war against Canada could pose as a major financial risk, writes Peter Watson. Our former friendly ally to the south has attacked our financial stability. This is a fast-changing situation, but what is known is Trump wants to exert financial pain on Canadians by changing how trade between us operates. We cannot […]
