Derek DeCloet
@decloet.bsky.social
Executive editor for Canada at Bloomberg News. Opinions are mine; likes are often bookmarks. Facts matter.
Work email: ddecloet@bloomberg.net
Also: decloet@protonmail.com
Work email: ddecloet@bloomberg.net
Also: decloet@protonmail.com
Reposted by Derek DeCloet
I’m as surprised as anyone that an app that let people buy a burrito on instalments, with zero credit checks, is having a problem with loan quality
"Klarna #$KLAR sinks 25% after bad loan costs soar"
"$250m for credit losses in the fourth quarter — up almost 60% on the same period in 2024"
#$PYPL guided to ~3ppt of headwind for Transaction Margin Dollars in 2026, incl. 2/3 in Branded Checkout & BNPL
"$250m for credit losses in the fourth quarter — up almost 60% on the same period in 2024"
#$PYPL guided to ~3ppt of headwind for Transaction Margin Dollars in 2026, incl. 2/3 in Branded Checkout & BNPL
Klarna stock sinks 25% after bad loan costs soar
Swedish fintech’s share price has plummeted by two-thirds since September IPO
www.ft.com
February 19, 2026 at 6:24 PM
I’m as surprised as anyone that an app that let people buy a burrito on instalments, with zero credit checks, is having a problem with loan quality
100% THIS 👇
I am so disappointed FOR the Canadian Women’s Hockey team but I am proud OF their efforts.
Sure as fuck wasn’t for the lack of trying.
Sure as fuck wasn’t for the lack of trying.
February 20, 2026 at 12:50 AM
100% THIS 👇
Mitch Marner, as clutch as ever
February 18, 2026 at 6:30 PM
Mitch Marner, as clutch as ever
Here is the study Kevin Hassett is so mad about
February 18, 2026 at 6:02 PM
Here is the study Kevin Hassett is so mad about
Yes Excel, that's exactly what I was going for
February 17, 2026 at 11:02 PM
Yes Excel, that's exactly what I was going for
The Canada Revenue Agency chatbot. So it can answer tax questions but it doesn't know the day of the week?
January 31, 2026 at 2:06 PM
The Canada Revenue Agency chatbot. So it can answer tax questions but it doesn't know the day of the week?
Reposted by Derek DeCloet
My first remarks since being arrested last night.
January 30, 2026 at 11:30 PM
My first remarks since being arrested last night.
Reposted by Derek DeCloet
Trump's threats to annex Greenland have cast a chill over international climate research on the island.
Trump’s Greenland Threats Put Crucial Climate Change Research at Risk
Political tensions are hampering work on the island, which is key to understanding the effects of global warming.
bloom.bg
January 30, 2026 at 11:30 AM
Trump's threats to annex Greenland have cast a chill over international climate research on the island.
New Angus Reid poll: 16% of Conservative Party of Canada supporters give Trump an "A" for his first first year back in office.
January 28, 2026 at 12:43 PM
New Angus Reid poll: 16% of Conservative Party of Canada supporters give Trump an "A" for his first first year back in office.
anyone for barbecue?
January 25, 2026 at 8:08 PM
anyone for barbecue?
Reposted by Derek DeCloet
Lululemon founder Chip Wilson lashed out over the firm's latest product flop, calling it a “total operational failure” that he blamed on the board of directors.
“This is a new low for Lululemon,” Wilson said, referring to the “Get Low” leggings, which drew complaints for being see-through
“This is a new low for Lululemon,” Wilson said, referring to the “Get Low” leggings, which drew complaints for being see-through
Lululemon Founder Slams Board After See-Through Leggings Fiasco
Lululemon Athletica Inc. founder Chip Wilson lashed out over the company’s latest product flop, calling it a “total operational failure” that he blamed on the company’s board of directors.
www.bloomberg.com
January 21, 2026 at 11:12 PM
Lululemon founder Chip Wilson lashed out over the firm's latest product flop, calling it a “total operational failure” that he blamed on the board of directors.
“This is a new low for Lululemon,” Wilson said, referring to the “Get Low” leggings, which drew complaints for being see-through
“This is a new low for Lululemon,” Wilson said, referring to the “Get Low” leggings, which drew complaints for being see-through
Reposted by Derek DeCloet
I've lived in Minnesota my whole life and have experienced some major cold snaps but this is the first time I've heard about exploding trees.
January 21, 2026 at 7:03 PM
I've lived in Minnesota my whole life and have experienced some major cold snaps but this is the first time I've heard about exploding trees.
Past administrations saw trade treaties as a way of improving Americans’ standard of living. This administration sees them as a method of gaining leverage over counterparties.
Of course traditional US allies such as Canada are going to look to increase business with other trading partners.
Of course traditional US allies such as Canada are going to look to increase business with other trading partners.
"Trade is not fundamentally about competition. It's not us versus Canada. It's us and Canada." It's really about cooperation. And if the United States won't cooperate reliably with Canada, we shouldn't be surprised when Canada looks for new friends to cooperate with. And Americans miss out.
January 19, 2026 at 1:15 AM
Past administrations saw trade treaties as a way of improving Americans’ standard of living. This administration sees them as a method of gaining leverage over counterparties.
Of course traditional US allies such as Canada are going to look to increase business with other trading partners.
Of course traditional US allies such as Canada are going to look to increase business with other trading partners.
Reposted by Derek DeCloet
"Everything costs more because the algorithm says so"
@vassb.bsky.social is really on one about personalized pricing. And she's right. It's predatory, and it makes it more difficult for us all to navigate the world.
It should be illegal.
thewalrus.ca/everything-c...
@vassb.bsky.social is really on one about personalized pricing. And she's right. It's predatory, and it makes it more difficult for us all to navigate the world.
It should be illegal.
thewalrus.ca/everything-c...
Everything Costs More Because the Algorithm Says So | The Walrus
Tariffs and inflation dominate headlines, but personalized pricing is the real affordability crisis
thewalrus.ca
January 15, 2026 at 2:19 PM
"Everything costs more because the algorithm says so"
@vassb.bsky.social is really on one about personalized pricing. And she's right. It's predatory, and it makes it more difficult for us all to navigate the world.
It should be illegal.
thewalrus.ca/everything-c...
@vassb.bsky.social is really on one about personalized pricing. And she's right. It's predatory, and it makes it more difficult for us all to navigate the world.
It should be illegal.
thewalrus.ca/everything-c...
The question Joseph Welch posed to Senator Joseph McCarthy in 1954 — “Have you no sense of decency?” — helped end a witch hunt that was tearing the US in two...After the killing of a Minneapolis woman by a federal agent, it’s unfortunately relevant again.
Our editorial (gift link in next post)
Our editorial (gift link in next post)
January 15, 2026 at 2:20 PM
The question Joseph Welch posed to Senator Joseph McCarthy in 1954 — “Have you no sense of decency?” — helped end a witch hunt that was tearing the US in two...After the killing of a Minneapolis woman by a federal agent, it’s unfortunately relevant again.
Our editorial (gift link in next post)
Our editorial (gift link in next post)
Reposted by Derek DeCloet
Take a moment to orient yourself with this map — www.bloomberg.com/news/article...
January 15, 2026 at 11:52 AM
Take a moment to orient yourself with this map — www.bloomberg.com/news/article...
Greenland’s prime minister categorically ruled out joining the US and said the Arctic territory prefers to be in a union with Denmark.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Greenland Says It Chooses Denmark and Rules Out Joining US
Greenland’s prime minister categorically ruled out joining the US and said the Arctic territory prefers to be in a union with Denmark, suggesting the island is putting independence plans on the back b...
www.bloomberg.com
January 13, 2026 at 10:00 PM
Greenland’s prime minister categorically ruled out joining the US and said the Arctic territory prefers to be in a union with Denmark.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Trump, speaking in Detroit, said the USMCA is "irrelevant" and the US doesn't need it.
Meanwhile, his trade rep has asked for the following
- more access to Canadian dairy market
- end to provincial bans on US alcohol (imposed after Trump started trade war)
- customs reform
(thread)
Meanwhile, his trade rep has asked for the following
- more access to Canadian dairy market
- end to provincial bans on US alcohol (imposed after Trump started trade war)
- customs reform
(thread)
January 13, 2026 at 7:16 PM
Trump, speaking in Detroit, said the USMCA is "irrelevant" and the US doesn't need it.
Meanwhile, his trade rep has asked for the following
- more access to Canadian dairy market
- end to provincial bans on US alcohol (imposed after Trump started trade war)
- customs reform
(thread)
Meanwhile, his trade rep has asked for the following
- more access to Canadian dairy market
- end to provincial bans on US alcohol (imposed after Trump started trade war)
- customs reform
(thread)
America doesn't need Greenland. It needs a reality check.
Bloomberg editorial (gift link, no paywall)
www.bloomberg.com/opinion/arti...
Bloomberg editorial (gift link, no paywall)
www.bloomberg.com/opinion/arti...
America Doesn't Need Greenland. It Needs a Reality Check
For all the bluster and juvenile memes surrounding American ambitions in Greenland, the White House has yet to offer a good explanation for why the US needs to control the massive Arctic territory. Th...
www.bloomberg.com
January 13, 2026 at 12:44 PM
America doesn't need Greenland. It needs a reality check.
Bloomberg editorial (gift link, no paywall)
www.bloomberg.com/opinion/arti...
Bloomberg editorial (gift link, no paywall)
www.bloomberg.com/opinion/arti...
Paul Krugman today on the Fed
January 13, 2026 at 11:58 AM
Paul Krugman today on the Fed
Reposted by Derek DeCloet
While interviewing @plagasse.bsky.social with @decloet.bsky.social, he mentioned the concept of "defense against help."
That's to avoid the hypothetical situation where if the US saw Canada as unable to deal with a problem on its soil, "it may not choose to leave. Or it may choose to make demands"
That's to avoid the hypothetical situation where if the US saw Canada as unable to deal with a problem on its soil, "it may not choose to leave. Or it may choose to make demands"
Trump's moves on Venezuela and Greenland have rattled Canadians, after his past calls to make their country the 51st US state.
Trump’s Venezuela, Greenland Threats Make Canada Fear It's Next
The president’s past talk about annexing Canada has taken on new, chilling resonance.
bloom.bg
January 10, 2026 at 6:33 PM
While interviewing @plagasse.bsky.social with @decloet.bsky.social, he mentioned the concept of "defense against help."
That's to avoid the hypothetical situation where if the US saw Canada as unable to deal with a problem on its soil, "it may not choose to leave. Or it may choose to make demands"
That's to avoid the hypothetical situation where if the US saw Canada as unable to deal with a problem on its soil, "it may not choose to leave. Or it may choose to make demands"
Fact-checking, ChatGPT-style
January 6, 2026 at 2:47 AM
Fact-checking, ChatGPT-style
A world split in two is just what China wants
January 6, 2026 at 1:13 AM
A world split in two is just what China wants