Canada-US Trade War Erupts, Setting New 50% Tariffs On Canadian Goods

Ocean Container Freight Costs Explode, Rivaling COVID-Era Crisis Highs A worsening ocean freight price shock is reviving concerns about the supply-chain disruptions seen during the pandemic and the 2024 Red Sea crisis. If continued through the fall and winter, higher shipping costs could intensify inflationary pressure, squeeze corporate margins, and weaken growth. Together, these factors raise the risk of a broader economic shock, particularly if diesel prices remain elevated.  Bank of America retail analyst Lorraine Hutchinson warned in a note Saturday that ocean freight rates have jumped 201%, approaching the 250% spike seen during...

The US began a series of airstrikes against Iran’s coast on Tuesday, attacks that came after Axios reported that President Trump was considering a Hormuz Strait bombing campaign aimed at disrupting Iran’s ability to target commercial shipping that one US official described as “mowing the lawn.” Iranian media has reported explosions in Iranian cities and […]

Hawkish Warsh Hammers Barbarous Relic: Gold Crashes Back Below $4000 As Rate-Hike Odds Rise Gold plunged back below $4,000 an ounce for the first time since November 2025 this morning, as a resurgent dollar and the prospect of higher interest rates bring bullion’s three-year bull market to a halt (now down 30% from its January highs). The precious metal has posted double-digit gains for each of the last three years, more than doubling in price as central banks, money managers and retail investors all piled into the trade. That rally ran out...