Market Talk – April 1, 2025
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 6.92 points or 0.02% to 35,624.48 • Shanghai increased 12.69 points or 0.38% to 3,348.44 [...]
NAFTA & CANADA
QUESTION: Mr. Armstrong; Up here in Canada, the politicians seem to not even talk about the NAFTA agreement being changed by Trump. Has something taken place behind the curtain that they are not even worried about that issue?
CB
ANSWER: While playing a front row seat during the 2016 Election in the States, the truth is that Trump was focusing more on Mexico than Canada. The reason why was taxes. Manufacturing plants set up in Mexico, not Canada, which taxed even higher rates than the USA.
Even Stephen S. Poloz, Governor of the Bank of Canada, has set aside the issue of NAFTA claiming there remains uncertainty until he knows more about the nature of the risk, he will not focus of that topic.
The much greater risk to Canada will be the Trump Tax Reform. Canadians will also shift business to the States because it will save 50% in taxes. So, the tax reform is a far bigger issue than NAFTA.
Latest Posts
PRIVATE BLOG – Gold & The Geopolitical Nightmare
PRIVATE BLOG – Gold & The Geopolitical Nightmare Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
Cuba Lost a Quarter of its Population in the Last 4 Years
Cuba is a tragic example of what can happen to a society under a Marxist–Leninist socialist republic—equal in poverty. New reports show that nearly a quarter of Cuba’s population has [...]
Britain Introduces Two-Tiered Justice System
England has fallen. Politicians permitted open borders and permanently altered society. England is no longer a Christian nation. They have abandoned their core traditions and beliefs for outsiders who vote [...]
