Alan Arcand (He/Him)

Breaking news: The Middle East crisis will fuel a surge in US inflation to 4.2% this year, the highest in the G7, according to an OECD forecast ft.trib.al/27ocdxe

Donald Trump’s tariff regime has shredded the global trade rulebook. Yet even as Washington openly flouts those rules, his administration is quietly signaling a re-engagement with the very institution that wrote them. politico.eu/article/donald…

Statistics Canada is providing an advance estimate of sales in the manufacturing sector for January. Advance results indicate that total manufacturing sales decreased 3.3% in January. www150.statcan.gc.ca/n1/daily-quoti…

My latest, on the many ways in which we are unprepared for the crisis we are now in —almost uniquely so. We are, indeed, an outlier, on several fronts: not only uniquely exposed, but having done almost nothing about it — or done our best to make it worse. theglobeandmail.com/opinion/articl…

NEW from me: The US is losing blue-collar jobs for the first time since early COVID or the Great Recession—the country has lost 65k jobs over the last year as manufacturing, transport, & mining employment decline while growth in construction has flatlined apricitas.io/p/america-is-l…

An unsexy fix to Canada’s growing red tape problem theglobeandmail.com/business/comme…

Must read: “The United States now risks finding itself in the position of Britain in the late 19th century and Germany and Japan in the 20th: overtaken militarily by a rising industrial powerhouse. History shows such competitions between rising powers and established ones often end in catastrophic wars. China’s gaming of international trade, rising hostility to neighbors and especially its accelerating military buildup show the urgent need for credible deterrence.” To Outbuild China, America Needs Friends nytimes.com/interactive/20…

.@trevortombe: One Canadian economy? Not quite yet thehub.ca/2025/11/27/one…

Ottawa announces more protection for steel industry, new money for lumber mills theglobeandmail.com/business/econo…

Brexit reduced UK GDP by 6-8%...investment was reduced by 12-18%, employment by 3-4% and productivity by 3-4%....a combination of elevated uncertainty, reduced demand, diverted management time, and increased misallocation of resources... nber.org/papers/w34459

Goldman on who's been paying US tariffs so far: American companies & consumers: 88% Foreign exporters: 9%

The tiny Caribbean island of Anguilla now derives almost half of its state budget from the sale of .ai domain names.

Via JPM's Michael Cembalest, AI-related stocks have driven: - 75% of S&P 500 returns since ChatGPT’s launch in November 2022 - 80% of earnings growth over the same period - 90% of capital spending growth - Data centers are now eclipsing office construction spending. - In the PJM region (the largest regional transmission organization, covering 13 states and D.C.), 70% of last year’s electricity cost increases were due to data center demand.

Goldman's latest (still very early) analysis of tariff effects thru June 2025: -Foreign exporters absorbed 14% of US tariffs -US companies ate 64% -US consumers ate 22% -Protected US companies also raised prices -Consumers will see bigger price increases (70%) thru the Fall

America has lost 116k manufacturing jobs over the last year—that's the fastest pace of job loss since the early COVID era and worse than any period from 2011-2019. Big drops in the transportation (-49k) & electronics (-32k) industries drive most of the decline

ISM: "U.S. manufacturing contracted for a fifth straight month in July and factory employment dropped to the lowest level in five years amid tariffs that have raised prices of imported raw materials." reuters.com/world/us/us-ma…

The zero-sum trap: the more people believe that wealth, status, and well-being are zero-sum, the more they back policies that make the world zero-sum. marginalrevolution.com/marginalrevolu…

Add your voice to the North American manufacturing trade policy Conversation! Fill out the 2025 Manufacturer Survey on North American Trade and have your say on what’s needed to strengthen manufacturing across North America. survey.zohopublic.com/zs/FkD5m0

In May 2025, the number of return trips Canadians made by automobile fell by 38.1% on a year-over-year basis, a larger drop than the 35.2% decline recorded in April. www150.statcan.gc.ca/n1/pub/36-28-0… #CdnTravel

'Worst cuts to the public service in modern history' could be on the horizon, says report ottawacitizen.com/public-service…