Government Spending Needs Better Management
Government spending should constantly evolve to reflect the needs of Canadians, writes Peter Watson. In conversations about government spending, it’s surprising how often I hear the same response. The government spends the way it does because that is the way it always has. You seldom hear that response when you’re talking about a business because […]
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 […]
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 […]
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 […]
Bad Financial Management Could be the Reason Canada Joins the United States
Will Canada join the United States? This has been a hot topic in the media because Donald Trump kept referring to Canada as the 51st state, writes Peter Watson. The answer to the question of whether most Canadians would want that to happen is a strong no. A more important question is under what circumstances […]
Bank of Canada Increases Interest Rates Again
Managing personal finances just got more difficult, writes Peter Watson. Another significant interest rate hike was just announced by the Bank of Canada. The most recent rate increase was three quarters of one per cent. The Bank of Canada is determined to reduce the annual inflation rate to the target of two per cent. This […]
