Eda Ho retweeted
The name Lake Ontario comes from the Wendat word Ontari’io, which, appropriately, means “the lake is beautiful, the lake is big”.
The name is more than 400 years old, predating both the Confederation of Canada and the Declaration of Independence of the United States of America.
We know that America is changing. Their trading relationships, their foreign policies, their national monuments, their hydronyms.
Canadians also know that naming reality means calling it Lake Ontario – then, now and always.
Eda Ho retweeted
A very good thing! So much rain here in Thunder Bay. @weathernetwork #onstorm
Eda Ho retweeted
Canada's boreal forest is roughly the size of Europe (or 4.5x the size of Texas). Most fires are in remote areas far from habitation in that have never had a history of fire suppression or management.
And the amount that is burning is directly linked to temperature and rainfall.
Eda Ho retweeted
Canada is buying thousands of overpriced Vancouver condos in order to….checks notes
Convert them to affordable housing
The builder bailout keeps getting crazier.
Eda Ho retweeted
Shocking stat of the day:
$2.1 TRILLION of excess savings have been wiped out of the US economy since August 2021.
From March 2020 until August 2021, $2.1 trillion in excess savings were built up after $4 trillion of stimulus.
Since then, US households have depleted these savings at a pace of ~$70 billion per month down to a -$72 billion in March 2024.
At the same time, US credit card debt has risen by $330 billion to a record $1.1 trillion.
Meanwhile, savings rates in the US declined from 3.5% in February to 3.2% in March, the lowest since November 2022.
Savings are now considered a luxury.
Eda Ho retweeted
Food retail sales in Canada still dropping, based on new data from Statistics Canada (February 2024).
The misery continues...
Eda Ho retweeted
Startups tend to win in spaces where the incumbent cannot respond effectively due to organizational, business model, or brand reasons. Perhaps the fact that AI has a long tail of brand risks and organizational dilemmas in resolving them, we’ll see more startup-led disruption.
Eda Ho retweeted
I wish I owned a detached home so I could …
• rake leaves
• shovel snow
• cut my own lawn
• have nothing in my TFSA
• have nothing in my RRSP
• have nothing for my kid’s RESP
• do all my own repairs & maintenance
• heat & cool the entire house while I sit in one room
Eda Ho retweeted
When you're frustrated with your journey, maybe it's time to pick a new destination.
Eda Ho retweeted
Commodity prices from oil to uranium to sugar are up a whopping 20-30% from their lows just three months back.
Today’s "hot" Candian CPI has rocked the markets as the worst fears have come true. It’s Official: We are in the second inflationary wave. It will be very difficult for the Fed to reach their 2% goal for inflation within this happening.
Source: Sagar Singh LinkedIn
Eda Ho retweeted
Interest Rates on Deposits, by Bank:
1. Wells Fargo: 0.15%
2. Citibank: 0.05%
3. Chase: 0.01%
4. Bank of America: 0.01%
5. US Bank: 0.01%
Rates on Alternatives to Bank Deposits:
1. CDs: 5.0%
2. Money Market: 4.5%
3. Treasury Bonds: 4.0%
Deposits continue to flow out of banks at a historic pace with $1 trillion+ withdrawn over the last year.
The era of "free" money for large US banks is coming to an end.
They must raise interest paid on deposits or capital will continue to leave.