Matt Lundy
@mattlundy.bsky.social
Economics Editor at The Globe and Mail
As a long-time reader and admirer of Mike's work, this is great news. Welcome back!
Dr. Mike P. Moffatt@mikepmoffatt.bsky.social · 6mo agoAfter over a decade away, I'm making my return to the Globe & Mail as a semi-regular opinion freelancer. Will have a couple of pieces a month on issues impacting middle-class Canadians. Today's piece is on the challenges faced by second-time homebuyers:
"The letter was sent on Saturday, Feb. 28, hours after the U.S. began bombing Iran." www.theglobeandmail.com/sports/artic...
U.S. ambassador to Canada requests apology for Globe and Mail column
In a letter to The Globe and Mail, Pete Hoekstra said he was ‘disappointed and outraged’ over Cathal Kelly’s column on U.S. men’s hockey team
theglobeandmail.com
"The White House’s stop-and-start policymaking—Trump threatened new tariffs on Europe, Canada and South Korea in recent weeks—has also led to what many executives view as a lost year for investment."
U.S. Manufacturing Is in Retreat and Trump’s Tariffs Aren’t Helping
Levies on imports were supposed to bring back a golden age of U.S. manufacturing. They haven’t worked, so far.
wsj.com
Chinese EV giant BYD has already made a Canadian foray – and it didn't exactly go to plan. (via @jasonkirby.bsky.social)
Why BYD’s first manufacturing foothold in Canada was a bust
Replacement parts and language issues were among the challenges for the TTC
theglobeandmail.com
📈📉 One year ago this week, Trump threatened Canada with 25% tariffs. Since then, the country has changed dramatically. Here, in text and charts, we look at 29 ways that Canada has changed in this very turbulent year.
Twenty-nine ways that Trump has changed Canada
A year ago, the U.S. President first unleashed his threats of tariffs and territorial expansion. Now, our country is different politically, culturally and economically
theglobeandmail.com
Great article on the bottlenecks to building better apartments in Canada. If you ask a random Canadian on the street they will tell you they want shorter high-rises, taller low-rises, and more livable apartments with cross-ventilation. Yet politicians and policymakers force the opposite.
Conrad Speckert@conradspeckert.bsky.social · 10mo ago“The era of shoebox condos is over” in the Globe and Mail today - a feature on single stair: ”Yet with features such as sprinklers, smoke-sealed doors and more reliable fire alarm systems, mid-size apartment buildings can be just as safe...” www.theglobeandmail.com/investing/pe...
Stark comments from Tiff Macklem: "Increased trade friction with the United States means all that works less efficiently ... What's most concerning is that unless we change some other things, our standard of living as a country, as Canadians, is going to be lower than it otherwise would have been."
Most Stellantis workers in Brampton have been on furlough for two years (!). And with the company shifting production to Illinois, they're not confident they're getting their old jobs back.
Laid-off Stellantis auto workers in Brampton face a grim new reality
The auto sector has long had its ups and downs, but this time feels different for its workers
theglobeandmail.com
The Carney government wants to double non-U.S. exports in a decade. How feasible is that? @markrendell.bsky.social and @jasonkirby.bsky.social break it down:
Can Canada really double non-U.S. exports in a decade?
Idiosyncratic factors such as the price of gold or the number of foreign students could make or break the country’s diversification hopes
theglobeandmail.com
Great piece from @markrendell.bsky.social on Canada's cabinet and furniture makers, who warn of a "blood bath" as the contend with new American tariffs on their orders.
Canadian cabinet and furniture makers warn of ‘blood bath’ as Trump tariffs bite
Industry representatives are asking Ottawa for more support, including protection from low-cost products made in China and Vietnam
theglobeandmail.com
📈📉 Ten charts that explain Canada's weird, messy and complicated housing markets:
Ten charts that explain Canada’s messy and complicated housing markets
The peak of real estate madness is behind us, but it seems as if the crisis is not going anywhere
theglobeandmail.com
All seven obstetrician-gynecologists at Kamloops hospital resign “It is fairly unprecedented for an entire group of physicians to depart, but with the state of obstetrics in our community…we see no viable way forward.” www.theglobeandmail.com/canada/briti...
Seven OB/GYNs at B.C. hospital resign, citing unsafe workloads, lack of support
Years of challenges have made the situation untenable, doctors say in letter obtained by The Globe
theglobeandmail.com
Terrible, terrible news. One of the great recording artists of the last 30 years.
D’Angelo, Groundbreaking R&B Artist, Dies at 51
From his 1995 debut Brown Sugar to his 2014 comeback Black Messiah, he helped define the neo-soul movement
pitchfork.com
A record $1-million fine for violating the rules of the Temporary Foreign Worker Program – nearly triple the previous high.
N.B. seafood processor fined record $1-million for breaking temporary foreign workers rules
Bolero Shellfish Processing hit with 10-year ban on using TFW program, plans to challenge Ottawa’s decision in court
theglobeandmail.com
A nuanced and entertaining read on the TFW program — and specifically its agriculture stream — from @jasonkirby.bsky.social. Maybe the best piece ever written on the program. www.theglobeandmail.com/business/art...
Meet the migrant workers Canadian farmers depend on to harvest their crops
In Ontario’s Norfolk County, workers are shaping the community, changing lives back home and keeping food on our tables
theglobeandmail.com
Microsoft went public when Trump was nearly 40.
FinTwitter@fintwitter.bsky.social · last yr.Donald Trump Declares "I Owned Microsoft Stock At 28"
Why is youth unemployment so high in Canada? Here's our feature (and a gift link):
The summer funk isn’t over yet for young, jobless Canadians
With the youth unemployment rate at a rare high, Gen Z is scrambling for entry-level work – and there’s no hope of a quick fix, economists say
theglobeandmail.com
This is one of the biggest shifts in the Canadian housing market, and frankly a rare bright spot: We're building a lot of rental units, even as the economics prove challenging for other housing types.
Canada is building lots of rental housing – and losing interest in condos
Rental housing starts are in a boom period, at nearly double the condo starts over the last year
theglobeandmail.com
This lede. 😂 "Two Republicans named Kevin are vying to be the next chairman of the Federal Reserve."
Exclusive | Two Kevins Battle to Be Next Fed Chair in Trump’s Apprentice-Style Contest
Kevin Hassett emerges as contender to succeed Jerome Powell, posing possible threat to Kevin Warsh
wsj.com
"Finally, nothing is written in stone in Trump World. There are no binding accords, negotiated over years by experts, spelling out legal obligations in minute detail. ... International trade law is being rewritten with sketches on the back of a wet cocktail napkin."
Opinion: Trump’s trade goals are becoming clearer. Brace for impact, Canada
U.S. President just wants to tell Americans he won, which means the other side must bend the knee, kiss the ring and say thank you
theglobeandmail.com
👀 From Rob Carrick's (sorta) last column: "A guy once walked up to me while I was showering at the gym to ask if I thought the government would raise the contribution limit for tax-free savings accounts that year."
Eight lessons learned in 27 years of covering personal finance and investing
Even though we are in a golden age of personal finance, things are tough for both young and old
theglobeandmail.com
💀 "Canada’s national housing agency says it is no longer possible to build enough homes to bring housing affordability back to 2004 levels and it will starting using 2019 as a more realistic benchmark." www.theglobeandmail.com/business/art...
CMHC gives up on goal to return to 2004 housing affordability levels
2019 will now be used by the national agency as a more realistic benchmark for housing
theglobeandmail.com
In April, Canadian imports of U.S. wine plummeted 94 per cent (!) from the monthly average last year, owing to widespread bans. Gift link: www.theglobeandmail.com/gift/d6b0095...
Tony Keller on the One Big Beautiful Bill: "It’s reverse Robin Hood economics. It’s stealing from the poor and the future, to give to the wealthy and the present."
Opinion: Trump is inverting everything
The U.S. President keeps doing things guaranteed to yield bad outcomes, rather than upping his odds for success
theglobeandmail.com
