AI Bubble Anyone?

It’s getting exciting. Who wants to bet the Case‑Shiller PE ratio breaks a new all‑time high? It’s only about 3% away from surpassing the Tech Bubble peak.

  Shiller PE Ratio - Multpl

"Looking ahead, while the IMF acknowledges that the near-term global outlook remains complex, it states firmly that “Canada’s strong fundamentals and reliable access to external financing provide important buffers,” and the IMF’s latest World Economic Outlook projects that Canada will have the second strongest economic growth in the G7 in 2026." 

Not Honourable François-Philippe Champagne, Minister of Finance and National Revenue

“Canada is ready to lead.”

...Mark Carney

Elbows-Up Economics

Canadian economy falls into technical recession: The Canadian economy fell into technical recession to start this year. Real gross domestic product unexpectedly fell by 0.1 per cent on an annualized basis during the first quarter. That follows a one per cent contraction in the fourth quarter, a downward revision from a 0.6 per cent decrease previously reported by StatCan. Weak business and government spending is holding back the economy, as Canada deals with tariff restrictions with its largest trading partner, the United States. The last time Canada recorded two consecutive quarters of negative growth was in 2020 during the COVID-19 pandemic. Before that, it was in 2015 amid low oil prices. (BNN Bloomberg)

Meanwhile our neigbour's GDP increased 1.4% in Q42025 and 1.6% in Q12026.  Trump placed tarriffs on almost every country in the world and only two leaders did not negotiate.  They are Carney Marx and his best friend, Xi Jinping. 

 Carney’s Net-Zero plan will result in his ideal carbon footprint of the average Canadian.

“You make most of your money in a bear market, you just don’t realize it at the time.”

...Shelby Cullom