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Canada does have a choice. If they want access to big markets, they will pay more.
its unlike mark carney to waste other people's time with on\off\on.... tariff and trade nonsense.
Almost half of oil executives said they expect to drill fewer wells in 2025 than planned at the start of the year, according to second-quarter survey results released Wednesday. For “large” exploration and production firms — producing 10,000 barrels per day or more — 42% said they expected a significant decrease in the number of wells drilled. Most firms said that tariffs have increased the cost of drilling and completing a new well by 4.01% to 6%.
We basically have every organization that does real number crunching saying that this budget is recessionary or inflationary, and adds significantly to the deficit/debt. Then, we have politicians and their loyal minions telling us to ignore the data and the facts.The Cato institute ( with George Will's endorsement) is a very Conservative think tank focusing on individual liberty, free enterprise and economics.
They have an analysis of the massive recessionary and stagflation impact of the ICE budget. ICE budget will be $170 Billion, and will probably all be spent immediately on prisons, extra agents ($200,000 a piece) and the wall.
Cato thinks that the CBO projections of additional $3 Tr to debt are too conservative. they think there will be at least additional $4 Trillion to the debt.
$1 Trillion is the negative effects on the economy of deportations.
https://www.cato.org/blog/deportations-add-almost-1-trillion-costs-gops-big-beautiful-bill
Add to this the 50% cuts in NIH and NSF budgets, where ever dollar spent produces $3 in return, and I think you can see why we are headed for stagflation and likely a recession and/or depression.
OEF (prospectus):The Fund invests primarily in a diversified group of high-yielding, higher-risk corporate bonds—commonly known as “junk bonds”—with medium- and lower- range credit quality ratings. Under normal circumstances, the Fund invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in corporate bonds that are rated below Baa by Moody’s Ratings; have an equivalent rating by any other independent bond rating agency; or, if unrated, are determined to be of comparable quality by the Fund’s advisor.
Main difference (aside from distribution channel) seems to be that Vanguard (Michael Chang) will be the sole manager of the ETF, while management of VWEAX is split with Vanguard (Chang) managing 1/3 and Wellington (Elizabeth Shortsleeve) managing 2/3 (per M*).The Fund invests primarily in a diversified group of high-yielding, higher-risk corporate bonds—commonly known as “junk bonds”—with medium- and lower-range credit quality ratings. The Fund invests at least 80% of its assets in corporate bonds that are rated below Baa by Moody’s Ratings have an equivalent rating by any other independent bond rating agency; or, if unrated, are determined to be of comparable quality by the Fund’s advisors
This article should be required reading. People should be compelled to discuss it and debate it or even try to refute it, in an honest fashionYou of all people should have a subscription
https://www.nytimes.com/2025/06/27/opinion/trump-budget-big-beautiful-bill.html?unlocked_article_code=1.Tk8.wSgs.OFKFM1hFVG9H&smid=url-share
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