One of the most remarkable stats of the year is that the majority of Canadian Oil sold for under $16 a barrel on Friday, which means that most businesses in the oil sands are losing money after taking into account all their other costs.

On today's business comment, Michael takes the time to encourage you to tune into Money Talks on Saturday morning to hear his conversation with Economic Forecaster Martin Armstrong. If you are having a difficult time figuring out the world of finance, tune in.

Is there any level of financial mismanagement in local governments that would get you involved in the civic election? What about a wage gap between public and private sectors? What about taxes? What needs to happen to get people out to vote?

Why do politicians endorse bad economic policy?  A big reason is that the definition of a good policy, for politicians, is about getting votes and staying in power.  The policy should be based on promoting the public good.

When you look at the news these days there is one aspect of the daily cycle that you need to keep in mind and that's how fast the most complex issues are getting reduced to a simplistic, political tribalism.

Tarrifs on goods always impact the consumers which is why the government doesn't want you to be informed about them.  Politicians flirt with companies and don't care about the consumer who ends up footing the bill.

The CO2 emissions that are going to be the result of the new LNG project, are going to get more coverage than the reduction of emissions from the trans mountain pipeline.

The moral lesson from the LNG Deal that was announced yesterday is that taxes make a difference as to where investment capital goes.

It's surprising that some of the reaction toward the new trade agreement seems to focus only on the uneasy feelings of the poultry and dairy industry.