History of fierce free trade issue essential background for high-stakes NAFTA renegotiation with erratic Trump administration.

  No Canadian political and economic issue is as contentious, persistent, and long-running as the struggle between free trade and protection. A concise account of that issue from 1840 to the 1988 Canada-U.S. Free Trade Agreement provides essential historical background to the impending high-stakes renegotiation of NAFTA with the erratic Trump administration. The record clearly […]

SS Manhattan signals an open Northwest Passage

All photos by author As the ice continues to shrink, the 2017 sailing season could see a record number of vessels transiting the fabled Canadian Northwest Passage. The first vessel has already left port. An ancient resuscitated icebreaker is on a 23,000-kilometre, 150-day voyage from Toronto to Victoria to help mark Canada’s 150th birthday. A giant […]

Why gentlemen prefer bonds: the 1929 stock market crash

“Gentlemen prefer bonds,” said Andrew Mellon (1855-1937), wealthy American financier, banker, and U.S. Treasury Secretary. Commons shares, or stock, were considered too speculative for gentlemen; best left to disreputable speculators. Had more investors heeded Mellon’s advice, the horrendous stock market crash of October 1929, which ushered in the Great Depression of the 1930s, would likely have […]