Timing is everything in investing and business … or is it?

While timing is important, action is more important. From action comes the fundamentals of success

Timing is everything in investing and business … or is it?Peter told me about his latest and greatest idea to improve his business. He was so excited because this new revenue stream was going to ensure his organization had stable income and would thrive again. This particular business seemed to have had its glory days 40 years ago. But this new leader was adamant that…

We drastically overreacted to the COVID-19 pandemic

One of the greatest peacetime policy failures in Canada’s history

We drastically overreacted to the COVID-19  pandemicCOVID-19 just ain’t what it used to be. The SARS-CoV-2 virus was never as deadly as feared in its early days and has evolved to be even less so today. The vaccines rushed to production in response weren’t the answer that some hoped and they’ve proved less effective as the virus evolves. It’s high time…

Surging global coal use highlights opportunity for Canadian LNG

There are 2,449 coal-fired plants operating worldwide, 189 under construction and 292 planned

Surging global coal use highlights opportunity for Canadian LNGCoal use around the world is rising in what the head of the International Energy Agency (IEA) calls “a sobering reality check” for targets to reduce emissions. Against that backdrop, global demand for liquefied natural gas (LNG) is soaring, in part because it can help displace coal power and reduce emissions by half – or…

Canada has its own baby formula problem

Its largest baby formula plant ships all its products to China

Canada has its own baby formula problemParents of toddlers are concerned about baby formula shortages due to a combination of factors. A major recall in the United States affecting the top manufacturer of baby formula, coupled with supply chain challenges, has made things difficult for parents. In the U.S., some parents are driving hours just to get the right product for…

Why Canada will have the world’s cleanest LNG

Canadian LNG exports are expected to replace coal power, primarily for growing markets in Asia

Why Canada will have the world’s cleanest LNGIn the world’s race for cleaner energy to reduce greenhouse gas emissions, liquefied natural gas (LNG) from Canada has an advantage. To start with, it comes with a smaller footprint – the lowest emissions intensity of LNG projects in the world. But why? Canada leads among countries able to export natural gas to displace coal,…

Disinformation, misinformation are the new energy battlegrounds

But what happens when disinformation campaigns run headlong into reality?

Disinformation, misinformation are the new energy battlegroundsI’m not a fan of making predictions because there are usually way too many variables at play. Trying to guess the price of oil leaves me speechless despite the pathetically large number of hours I spend trying to understand the market. Yet, given the way 2022 is unfolding, I offer the following predictions as more…

How we can each deal with inflation

Buying only what we really need eases our budgets, simplifies our lives and cools the economy

How we can each deal with inflationInflation is a relatively new concept to younger people, who have never experienced the onslaught of rising prices. It’s chilling to those who have lived through or learned of times when hard-earned and well-saved money depreciated in value. Monetary policy in Canada aims to keep inflation at or under two per cent. The latest rate…

Trudeau looking at a wealth tax to pay for soaring spending

Its impact on the overall economy means everyone will suffer

Trudeau looking at a wealth tax to pay for soaring spendingPrime Minister Justin Trudeau is eyeing a wealth tax to pay for his government’s spending spree. Heavily redacted documents obtained by the Canadian Taxpayers Federation show Trudeau asked for an analysis of a $60-billion wealth tax. With indefinite deficits looming, it must be tempting to grab that cash. But a wealth tax would inflict economic…

Rising gasoline prices at the heart of runaway inflation

A climate catastrophe seems in the making. And mitigating the impact of the Ukraine crisis won’t be easy

Rising gasoline prices at the heart of runaway inflationThe Paris-based International Energy Agency is widely viewed with respect, its analyses providing a better understanding of the direction of energy markets and the issues impacting the industry. IEA is the energy watchdog of the Organization for Economic Co-operation and Development (OECD), founded by the likes of Henry Kissinger in the immediate aftermath of the…
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