Canada Day

Here’s an old one from blogspot recently viewed thrice, reminding me of its existence and that I’d written it way back in June: 2 days before Canada’s July 1, 2014 birthday celebration.

June 29, 2014

This coming Tuesday July 1 is Canada Day, like the United States of America’s July 4, its “fourth of July” birth day, July first is celebrated as Canada’s birthday in 1867 under Canada’s first prime minister, that mean old Tory, conservative, right winger, John A. MacDonald. On Tuesday 200 years after the war between colonial Canada and the United States ended, Canada now formally an independent nation has been quietly absorbed by American and other global entities melding with a near infinite array of Canadian companies too numerous to remember. The most recent media-celebrated business story is about Blackberry under an American corporate down-sizer bred in China, that Canadian Waterloo based technology company Rim , whose name changed to Blackberry(Primecap Management & Fairfax Financial controlling shareholders) under its previous leader who “high tailed” it back to Germany last year. But the most glaring example of Canadian business “Laissez faire” ness has been the almost invisible demise of Canada’s crown corporation Petro Canada achieved in 2009 by the persistent efforts of Sun Oil’s Colorado bred, officer of the Order of Canada, Rick George, narrated by George himself in his 2012 publication Sunrise.

Canada’s Dirty Secret

A. The United States and Canada are crisscrossed by thousands of miles of oil and gas pipelines, but none have drawn the attention and political controversy of Keystone XL. Environmentalists oppose the project because it would create a conduit to market for petroleum extracted from the Alberta oil sands, an unconventional energy source requiring far more fuel, water and carbon emissions to extract than conventional oil and gas.

Reading media-political depictions above and below about how not allowing a pipeline to carry Canada’s tar sands oil into the United States will deny Canada’s ability to export dirty non-renewable oil, despite Canada’s already shipping  this oil to the U.S. by train thus making Canada the #1 exporter of oil to the U.S. ahead of even Saudi Arabia. and according to Canadian Press’ “Baloney Meter” ahead of all OPEC countries combined :”Canadian oil is increasingly dominant among those imports, now overtaking the total amount the U.S. brings in from all OPEC countries combined.”

 

… Chairman of the Environment and Public Works Committee, California Democrat Sen. Barbara Boxer, stood in front of a huge poster marked “Misery Follows Tar Sands” and another with people wearing protective face masks. “It’s called Keystone XL,” Boxer said, “Not extra large, but extra lethal… Why do we want to bring barrels of filthy, dangerous, dirty pollution into America?”…

One More QE Maybe?

November 7, 2014

Today was one more eventful day in the investment world; after several days of bond yields tip toeing higher after falling back to QE levels just about when the U.S. Federal reserve announced an end to its QE,  buying its own U.S. government bonds; then rumours of  a possible Europe QE program with Japan leading the way and the Dow Jones again reaching toward record heights, just after Warren Buffet lost 2 billion bucks on Coke and IBM. And a few days ago the  Arabian OPEC powerhouse dropped its price to the U.S.A..Then  today November 7 maybe 2.5 weeks since what was written below on October 21, returns on U.S. bonds suddenly fell back from their tepid climb; and  gradually  dwindling gold prices just as startlingly came back to life because someone heard Ms. Yellen say that Europe should do what’s necessary to keep its economy alive, maybe like Japan is doing that’s devaluing the Yen to compete better with Europe and Canada maybe, trying to keep wages lower to sell stuff to its biggest trading partner the U.S.A. , and then of course there’s China with whom we all compete.

October 21, 2014; am.

Today, October 21, 2014, after dwelling on Brendan Brown’s notion, “Q.E infinity”, in his 2014 book EURO CRASH How Asset Price Inflation Destroys the Wealth of Nations I might assume that Mr. Bernanke who according to Brown appears to have contrived “Q.E. infinity” to keep rates low was keeping his “cards close to his chest”on June 19, 2013 knowing that rates could not be permanently affected by recent investor actions in the bond market because he had stifled the so called natural impulses of the market and its “invisible hand” with his “Q.E infinity”.

And with North American interest rates having again fallen precipitously with stock markets in America and Europe nervously gyrating, and some business commentators rumouring the unexpected apprehensiveness of some Federal Reserve governors about ending the Reserve’s bond purchases this October, there are whisperings of a Q.E. # 4.

And at about 2:00 pm. with stock markets reversing last weeks plunge with vigorous upward rises, one U.S. commentator said that present stock improvements  could be attributed to rumours that Europe may be about to begin its own version of Q. E. (Quantitative Easing/money manufacturing) program.

Blackberry Ltd.;don’t let it out of your sight.

Yesterday January 30, 2017,  John Chen, U.S. citizen born in China; head of what was once a Canadian company, Research in Motion; now the more international Blackberry Ltd. was interviewed on BNN and objected to the U.S. ban on Middle East travelers entering America.

This morning, January 31,  in a caption printed across CP 24’s video screen Mr. Chen is said to be against  the “ban on Middle East travelers entering America”. So far these reports of Mr. Chen’s opposition to the recent U.S. immigration law has not mentioned that Mr. Chen himself as a tech worker is used to traveling freely from China to the U.S.A. and now to Canada replacing the former leader of Canada’s company  who went back to Germany with a few million severance dollars.

 

October 31, 2014

Blackberry like Suncor has an American leader; like its former leader from Germany who changed this Canadian company’s name from Research in Motion, before he high tailed it back to Germany, to its present name Blackberry. Talk of a company based in China taking over this Canadian business has according to The Motley Fool been stymied by the Nationalist Canadian federal government:

.., this wouldn’t be the first time the Conservative government has nixed a takeover offer. In 2010, it put a kibosh on an offer by BHP Billiton to acquire Potash Corporation. It’s rejected Telus‘ repeated efforts to buy Mobilicity. Other, lesser-profile deals have been shut down as well. It seems Ottawa is serious about keeping certain Canadian companies out of foreign hands…

But the same government in 2009 did sell the Crown Corporation Petro Canada to Suncor, born of U.S. global energy giant Sun Oil, and its Colorado born Officer of the Order of Canada, Mr George who handed the leadership of Suncor and Petro Canada to his Sun Oil associate Mr. Williams also of the U.S.A. and like Mr. George with experience working for Sun Oil in Great Britain.