AE

Winter is coming. 1️⃣ Canada’s economy is lopsided — built on consumption and real estate, not productivity or capital formation. Median wages have stagnated while living costs and asset prices surge. Public sector accounts for 25% of all the jobs in Canada. 2️⃣ Policy has long favored real estate: tax incentives, cheap leverage, and zoning restrictions turned housing into the main wealth engine — not industry or innovation. 3️⃣ Canadians learned to “invest” by buying homes, not businesses or equities. The wealthy became landlords, not diversified capital owners. 4️⃣ Massive immigration added fuel — pushing rents higher, which in turn justified rising property prices. But this virtuous loop was speculative, not sustainable. 5️⃣ Now, the cycle turns. Higher rates, weak wage growth, and oversupply in some areas mean valuations can’t hold. Many leveraged landlords risk losing both rental assets and their own homes. 6️⃣ Expect half‑measures — temporary credits, minor rate adjustments, or rental subsidies — but they’ll only delay the inevitable. Canada’s real estate winter is just beginning.

If your router is more than a few years old you should buy a TP-Link Archer BE3600 right now. Good home routers basically won't exist in six months, you'll have to buy an enterprise device if you want something that actually works.

BREAKING: RCMP executed a search warrant and seized the phone of former Calgary mayor Jyoti Gondek, daughter of a former World Sikh Organization board member, as part of a corruption investigation.

FED'S BARR: RATES MAY NEED TO STAY ON HOLD "FOR SOME TIME" WITH INFLATION ABOVE TARGET; WOULD NEED EVIDENCE OF SUSTAINABLE INFLATION DROP BEFORE CUTTING IF JOB MARKET HOLDS STEADY

Arm are to sell its own chips for the first time in a bid for AI revenue. $ARM