Check out the latest: www.rbc.com/en/thought-l...

I think most of us have a weekend read now.

“Among the key findings, the report concludes that carbon dioxide (CO2) -induced warming appears to be less damaging economically than commonly believed, and that aggressive mitigation strategies could be more harmful than beneficial.”

But… (2)
... #US total energy exports were just over $300 billion. Only a quarter was shipped to Europe. The EU already takes in nearly half of US #LNG exports. Even if the US doubles LNG capacity and redirects all of it to Europe, a huge gap remains.

But… (1)
... The #EU’s total energy imports last year just inched above $400 billion. The US — its largest energy supplier, ahead of Norway by a thin margin — accounted for only 19% of that. To meet the deal’s target, the EU would need to replace 8 of its top 10 energy partners.

3.
⏳𝗟𝗼𝗻𝗴‐𝘁𝗲𝗿𝗺 𝘁𝗵𝗿𝗲𝗮𝘁: #agingpopulation
The silver economy is here: nearly half the world has crossed the “demographic turning point,” where the working‑age share begins to shrink. Canada’s median age has climbed to 41—almost a decade older than in 1990.

2. 🛠️𝗠𝗲𝗱𝗶𝘂𝗺‐𝘁𝗲𝗿𝗺 𝗳𝗶𝘅: #productivity
The U.S. economy is the single outlier back on its pre‐COVID trajectory. The IMF credits America’s labour mobility—hire fast, fire fast, which moves talent to where it is most effective. Canada’s story is messier.

1. 🚨𝗦𝗵𝗼𝗿𝘁‐𝘁𝗲𝗿𝗺 𝗽𝗮𝗶𝗻: #tariffs
Global growth just got a haircut—and Canada lost almost a third of its 2025 forecast, one of the steepest downgrades. Uncertainty shaved 1.5 % off U.S. investment in 2018; this round will likely be deeper and broader as firms pause to redraw supply chains.

🔗 Full IEA report: www.iea.org/reports/ener...