Phil Smith
philsmith26.bsky.social
Phil Smith
@philsmith26.bsky.social
Canadian economist and statistician. https://linktr.ee/philsmith26
In general, current account deficits are neither 'good' nor 'bad'. It depends on the circumstances. Such deficits imply net borrowing from other countries and they are implicitly counterbalanced by net lending by the other sectors collectively - households, businesses and governments.
November 27, 2025 at 3:14 PM
Railway carloadings in the east have been flat overall this year, although as in the west the wood products category continues to decrease.
November 26, 2025 at 12:31 AM
The StatCan report provides no such details, but the quarterly reports of Rogers, Bell and Telus do. It's several things, including non-cash revaluation gains, the strong Blue Jays season and debt repurchase. The easiest way to get this info is with an AI agent.
November 25, 2025 at 4:00 PM
They have just two parties and before the current Trump revolution they tended to alternate back and forth in power. If US policy on, say, taxes, health or immigration did too, there would be great instability. The filibuster brings stability. It's hard to make big change and hard to reverse it too.
November 13, 2025 at 10:02 PM
I would disagree.
November 13, 2025 at 9:08 PM
Personally I favour government borrowing to pay for infrastructure such as roads, bridges, ports, airports, energy transmission routes and so on. The government can own and rent this infrastructure, or sell it to the private sector. Such investments can facilitate growth in private sector activity.
November 13, 2025 at 5:27 PM