Trump’s Cunning Economic Plan

As Canadian politicians bend over backwards to placate the incoming president, they seem unable to understand what they’re dealing with.

Tariffs are Trump’s favorite toy. By most accounts his promised tax cuts to $150 billion per year.

Tariffs of 25% on $900 billion in imports annually from Mexico and Canada will put $225 billion into the US Treasury – all other things being equal So he’s looking to Canada and Mexico to pay for his tax cuts as a ‘simple’ way to demonstrate his brilliant and ‘fertile’ mind.

No amount of supplication or ‘charm’ in Trudeau’s case, will make him change his mind.

During his last term he promised to get Mexico to ‘pay for the wall’. This time he’s promising to get Canada and Mexico to pay for his tax cuts

Trump’s Cunning Economic Plan –

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Risks of Founding a Startup

What are the chances of a successful exit for angel investors in a startup? Angel investing is a high-risk, high-reward game. The chances of a

Silicon Valley Snake Oil

The old west is alive and well in Silicon Valley – and Silicon Valley North.The closure of Bench Accounting Inc – self-described as the “world’s

Bench Accounting Closes its Doors

According to an article in the Globe and Mail on December 27th, 2024:“Bench Accounting, a Vancouver-based bookkeeping company, ceased operations Friday, potentially putting hundreds out

Regulatory Bodies in the Accounting Profession

The 20th century saw a proliferation of professions from the original three:First, theology;Second, medicine;and third, the law. Religion has recently lost out to ideology. But

Taylor Mania

First, an admission.We didn’t actually go to Vancouver to see the much-hyped Taylor Swift tour.I mean we’re not stupid.We didn’t just pay off our mortgage,

Economics: A User’s Guide (Part 2)

Russell David “Russ” Roberts (born 1954) is an American-born Israeli economist. He is currently a research fellow at Stanford University’s Hoover Institution and president of

Economics: A User’s Guide (Part 1)

Ha-Joon Chang was born in Seoul, South Korea, on 7 October, 1963 (there are stories about what life was like in South Korea in my

How Influence Works in Canada

Yesterday morning I attended a video conference with the CEO of a promising startup in the AI space. The other attendees were two lawyers from

Productivity and Human Capital in Higher Education

The first European universities emerged at the beginning of the High Middle Ages, offering courses in the liberal arts, and advanced professional training in theology,

What Warren Buffett can Teach us about Capitalism

While Milton Friedman preaches the gospel of the free market and free trade, he ignores anything that interferes with the beauty and metaphysical elegance of

Risks of Founding a Startup

Silicon Valley Snake Oil

Bench Accounting Closes its Doors

Regulatory Bodies in the Accounting Profession

Taylor Mania

Trump’s Cunning Economic Plan

ABOUT

Launch – June 16th, 2023

The MAIN STREET JOURNAL was launched online in 2023, as a kind of Canadian, small business counterpoint to the venerable WALL STREET JOURNAL (WSJ), established in New York City in 1889.

Canada’s small businesses are smaller than most people think.

This is true for people that work in small businesses, for policymakers, business schools, and the business press. The self-employed and other small business owners don’t ‘get no respect’ and yet about 73% of private sector employment in Canada is made up of the 2.85 million self-employed individuals, and 1.3 million small employer businesses which average less than 7 employees.

We believe it’s time that these workers, and the small business owner-managers that employ them, got some respect. What’s more, we believe that business schools and policymakers should get out of their ivory towers and take a walk on Main Street!

Finance + Investment