.@BankOfCanada Governor misses another forecast, on likelihood of 2026 recession, but tries to redefine "recession" for reporters: "Yes, 4th quarter GDP was quite a bit weaker than we thought."  blacklocks.ca/bank-misses-an… #cdnpoli

The U.S. Department of Energy (DOE) today issued a Request for Proposal (RFP) for an exchange of up to 40 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). Today’s solicitation opens competitive bidding, continuing DOE’s execution of President Trump’s 172-million-barrel release as part of a coordinated 400-million-barrel action by International Energy Agency (IEA) member nations’ strategic reserves. #oott energy.gov/hgeo/opr/articles…

Mark Carney's trade policies are so DISASTROUS that they're catching the attention of the Japanese. The Japan Times published an article on Tuesday noting that "Mark Carney’s trade push collides with reality." Not only is he FAILING in his negotiations with the United States, but he's FAILING to find new trade partners from around the world. How bad is the situation? According to The Japan Times, "Canadian officials acknowledge that the main draw for many potential trading partners is the prospect of gaining tariff-free access to the world’s largest market through Canada’s participation in ‌the U.S.-Mexico-Canada trade ‌agreement." In other words, the only reason many of these countries wanted to trade with us in the first place is because it would give them backdoor access to American markets. If Mark Carney can't secure that American market, then these other countries are simply not interested. But the report gets even worse. Acknowledging that Japanese companies own 75% of Canada's auto producers, the report further states that "for many of the Japanese companies investing here, one of the reasons for their investment is definitely the special access Canada has enjoyed ​over the long years." If we can't maintain access to the American market, then the Japanese companies won't see a as much of a reason to produce autos here. Do you think Mark Carney will be able to fix the mess he's created?

One of the world's biggest energy traders just did something traders almost never do.... It stopped just moving gas around and started buying the wells themselves. Here's why Gunvor's $300M move tells you where energy is going 💡 Gunvor's normal business is trading: buy a cargo here, sell it there, profit on the move. Middlemen, not producers. Now they're funding Western Natural Resources to buy US shale gas assets $300M in the Haynesville already, more deals in talks. A trader buying wells is like a real estate agent buying houses instead of selling them. Agents see every deal and every price. When they start buying for themselves, it means one thing, they think this asset wins for years, not quarters. Traders have the best information in energy. 2 forces behind the bet: 1️⃣AI data centers need massive power gas will supply much of it. 2️⃣After Hormuz, the world wants energy that doesn't cross a war zone. US LNG ships from the Gulf Coast. No chokepoint. Structural demand safe route = the trade of the decade. The smartest money doesn't announce its thesis. It buys assets. My newsletter portfolio has been positioned for exactly this theme for months Gunvor just confirmed the path. The names and latest update are in my newest article 👇 (link in reply)

BREAKING# Canada's economy posts biggest trade surplus in more than a year financialpost.com/news/econo…