CAD short term direction

The CAD is back trading in the 95/95 zone, but then oil prices that were all the way down to $75 last week are now around $83 (WTI), so it makes sense. My guess is that the Canadian employment numbers will make the loonie more attractive to foreign investors (again).

It may play around this range for a few weeks -- the direction of the CAD is 100% driven by exogenous economic events. Europe seems to be coming apart (Dexia) and that could be bad for everyone around. What happens of the Dexia crisis spills over into France (BNP, SocGen).

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Spray painting Taylor Swift G650 aircraft (updated)

First, a bit of paint will not harm anyone. These climate activities are going to learn two things in the next few days: (1) Trespassing at an airport is a felony almost anywhere in the world. That means criminal prosecution. (2) removing paint from an aircraft is expensive. So these climate activists are about to find out the reach of the British criminal system and it will not be pleasant, the UK has very strict laws about that, I would be surprised if cleaning the aircraft of all the paint will cost less than $100,000. I am sure that when they planned (premeditation) this little show they had a very valid logic to doing this. Tonight, they are probably realizing the depth of their troubles. I understand that in the UK it's a minimum one-year jail sentence. Also, good luck travelling with a criminal trespass charge against you. I am relatively certain that the airline industry will ...

Tariffs on inhabited Island

Two seldom-visited islands, part of Australia, saw a massive increase in the tariffs they will face when exporting to the United States. The 32,000 residents did not have much to say...being Penguines. NO kidding, massive tariffs were imposed on Heard Island and McDonald Islands. According to the Australian government, the last visitor to Heard was about a decade ago. Never mind the 47% tariff on Madagascar, where the principal export is Vanilla and the GDP per capita is less than $500 a year. Not only a Stable Genus but evidently an administration that took all of two hours to proof the list of countries. They also treated St Pierre & Miquelon, two islands part of France in the middle of the St Lawrence Gulf...

Britain, France and Egypt

The voters realize now that the Conservative Praty desire to return to 19th-century dominance has driven its hatred of the EU. The voters realize now that departure from the EU has accelerated Britain's decline and may soon make it irrelevant. At best it will have to kiss American arses to maintain its standing. For this, the conservatives were punished. The decline of Britain was inevitable, competition from Frankfurt and Germany in Finance was bound to grow. The core of Europe (aka Germany) is aging quickly Macron seems to be winning his bet, the left alliance that won the legislative elections will not remain united for long, since they disagree on about everything. The Far right though it was about to assume power is once again relegated to the back of the bus. It may draw its own conclusions, but not all of these are good for France. The far-right has won nearly 1/3rd of the electorate, that is not something to be ig...

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