Tariffs, Tankers, and Data Centre Tensions

Obviously, front and center is the economic trade war between Canada and the U.S., but the oil market situation is still unstable, right? With the Strait of Hormuz still being in some state of closure, there's all sorts of things happening with data centers and opposition.

We've got all sorts of things going on behind the scenes with a memorandum of understanding with the West Coast oil pipeline.

That's been hibernating a little bit, but I think it's going to kick back into high gear as we go into the fall.

So let's start talking.

Where do you want to start?

Let's start with the trade war.

That's obviously the biggest news.

Let's do recency bias first.

Yeah.

So as we saw last week, the trade war got pretty heated.

Doug Ford was hurdling insults at President Trump.

And now we know that Trump renames Lake Ontario—

Lake of America.

Yeah.

Apparently, breaking news this weekend, Google's going to change it.

When we're in the U.S. and we look at our Google Maps, it will say Lake of America on it.

So—

Well, yeah, I mean, I think the whole renaming thing is just sort of juvenile, to be honest with you.

You know, what I want to say is that this is really an uncomfortable situation for two countries that have been friends for so long.

It's just not healthy at all.

But I do want to say that personally, I have a lot of American friends who...

I've met so many wonderful Americans over the years in business.

And so, you know, I hope people refrain from vilifying the American people because I really feel that this is sort of like at the very highest levels, people are not acting like adults in terms of what's going on.

Now, I fully appreciate that there's economic realities in the world and we can talk about all of that.

But to bring it down to changing names and hurling insults at each other, I mean, that just sort of just really degrades the arguments that are being made, some of which are quite valid, I think, on both sides of the border as it relates to economic policy.