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Originally Posted by curves2000
Things are definitely slower, more concerning and hectic. My previous post was poorly written in the sense that since November when Trump actually won the election and we knew that tariffs were an almost certainty, Canada, Canada's leaders and even the political opposition have done nothing within their control to increase competitiveness. We have had a long time to make serious changes but it's this small, micky mouse stuff that has come out thus far.
Considering the economic catastrophe that has materialized with this new administration now or in the near future, I don't see a sense in urgency for reform.
I understand the enormity of the situation, this is about as serious of an economic collapse as it gets. My concern with Canada and Canadian's is the level of stupidity isn't allowing them to move at breakneck speed for reform.
Canada, Canadian business, Canadian equity managers and our governments are just not ready for it.
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OK, well my apologies for this...this could probably go into the gear grinder thread, but here goes. No matter what happened with the tariffs, we were about to hear "I told you so!" and "I knew it all along!". There is nothing that grinds my gears in my line of work more than this, but it was inevitable. If the tariffs never came to pass, it would be because "we all knew it was a negotiating tactic". And if the tariffs get implemented and we get the economic mess, it would be "well, Trump said he would and you could've prepared!"
Now, neither of those scenarios has actually played out...we both got the tariffs and we didn't (Schrodingers Tariffs!), and yet here we are subjected to "I told you so" anyway. Gimme a break. First of all, no one I saw was calling for 30 day tariff peek-a-boo, and while I read an abnormal amount of these things, if you can show me one person who called that I'll concede that I'm wrong.
But more importantly, you speak of this economic devastation. The TSX is down about 0.77% this year. Obviously, we're 2.5 months in, and that number means nothing, but that's absolutely nothing in the grand scheme of things. How should we expect our leaders to react in the face of that drawdown?
And yeah, those tariffs were first mentioned during the campaign and then again in late November. Since then, the Canadian economy has not plummeted, unemployment is not skyrocketing, and things are not wildly out of control. We know that the Canadian government has plans to provide enormous relief packages to people if those tariffs are implemented, and they have a plan. But you know...the tariffs haven't actually been in for any length of time. It was two days of tariffs and now we're back in the threat stage. How would you like to see the government take meaningful action against this?
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Originally Posted by Azure
Tariffs are the oh crap what will we do I guess we will match response.
The better response is consumer boycott of as many American based products as financially and humanly possible. That is what really makes people fill the pitch down south and supports Canadian business instead.
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