Global Macro

In the realm of politics, the role of the political staffer in the path to being a career politician is an often overlooked one.

In 2024, Canada experienced the largest immigration boom in its history, with an unprecedented 1,260,000 people arriving in the year to March 2024, almost all of whom came via net overseas migration.

The 2026 Statistical Review of World Energy, considered the gold standard in keeping track of what powers the world, was released last month and revealed that: Oil consumption hit a record high.

The 60 day ceasefire enabling negotiation of a final deal on the Straits of Hormuz ends tomorrow week.

In March, India’s High Commissioner to Canada, Dinesh K.

Canadian Prime Minister Mark Carney recently touted that his government had “taken control of immigration”, noting that “asylum claims are down by a third, temporary foreign worker arrivals are down by half, and international student arrivals are down by 60%”.

Australia seems to be one of the few countries on earth still committed to net zero.

Justin Fabo from Antipodean Macro published the following chart last week, illustrating how Australians are paying among the highest mortgage rates in the world: The gap in mortgage rates between Australia and New Zealand has also widened.

As the uneasy truce between Washington and Tehran continues to mostly hold overall, Iran continues to attempt to throttle traffic through the Strait of Hormuz in order to maintain a greater degree of it’s negotiating leverage.

World of Statistics tweeted the following, claiming that “India leads the world as the top remittance recipient country and is the only country in human history to ever exceed $100 billion in annual remittances”.

Earlier this week, U.S. President Donald Trump signed a Memorandum of Understanding (MOU) with Tehran to move towards ending the war in the Persian Gulf.

As the world continues to hold its breath over whether the fragile ceasefire in the Persian Gulf will hold, the long-awaited details of the memorandum of understanding (MOU) between the United States and Iran have come to light via Bloomberg.

Since the flow of trade through the Strait of Hormuz was reduced to a trickle at the start of the U.S.-Iran war as February drew to a close, China and the United States have been effectively acting as Atlas, holding up the world of global energy supplies.

I reported last week how Asia’s addiction to coal is driving the world’s carbon emissions.

In the last 18 months, the Canadian economy has faced significant challenges as it has tried to adapt to a trade war with the world’s largest economy, with which it shares an almost 9,000-km land border.

Canada’s newly declared recession has exposed how heavily the country’s headline GDP growth relied on record‑high immigration, with Prime Minister Mark Carney acknowledging that reducing immigration contributed to the downturn, according to the National Post.

As the world continues to attempt to come to grips with the loss of somewhere around 13 million barrels per day in oil, fuel and condensate supplies that normally transit the Strait of Hormuz, there has been an unexpected guardian angel acting in the world’s favour and at its own expense: China.

Asian nations have overwhelmingly driven the rise in global carbon emissions this century.

The one clear message from a weekend of propaganda frenzy is the American Madman’s desperation.

As the war in the Persian Gulf continues to throttle traffic through the Strait of Hormuz down to a relative trickle compared with pre-war levels, it’s striking that oil prices have not risen more sharply despite around 13 million barrels per day of supply being taken off the table.