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At Pip Munch, we call that beautiful. 

☕️ GM Munchers! Today, we’re asking a question that’s got traders and Tim Hortons regulars equally worried:

Is Canada falling apart? 🇨🇦 

And as a Canadian myself, I’m allowed to poke fun here—so don’t send me angry maple syrup bottles.

Let’s break it down: Canada’s got political drama, economic struggles, and a looming showdown with President-elect Trump that’s making traders think twice about the Canadian dollar (CAD).

On today’s menu:

• Is Canada Falling Apart? 🇨🇦 

• Bitcoin Hits $107,000 🚀 

• The Creator of Bitcoin Is Now Richer Than Bill Gates 🤯 

What’s Going On Up North? 🍁

Canada’s looking shakier than a Zamboni on a summer day. Here’s the play-by-play:

1️⃣ Finance Minister Chrystia Freeland Resigned 🧳

Yesterday, Freeland handed in her resignation letter, citing “disagreements” with PM Justin Trudeau.

Translation? The country’s economic direction has everyone fighting behind closed doors.

2️⃣ Trudeau’s Leadership in Jeopardy

• At least seven Liberal MPs are publicly calling for Trudeau to resign, with more doing so behind the scenes.

• The NDP, which props up Trudeau’s minority government, says they’ll vote no-confidence if he doesn’t step down before 2025.

What’s a vote of no confidence? In political terms: it’s game over. Trudeau could be out by February, and a snap election might follow.

3️⃣ The Conservative Party is Surging

• Pierre Poilievre, Canada’s Conservative leader, is leading in the polls. If an election were held today, he’d likely win in a landslide.

Canada’s Economy Is... Not Great 📉

Let’s talk GDP per capita. Canada has fallen far behind the US:

• In 2023, US GDP per capita was 43% higher than Canada’s.

• By the end of 2024, that gap is expected to widen to almost 50%.

Over the past 10 years, Canada’s GDP per capita has grown 4.3%—not exactly something to brag about.

Enter Trump: Canada’s Worst Nightmare 🌪️

If Canada’s political drama wasn’t enough, President-elect Trump is back—and he’s threatening to hit Canada where it hurts:

• Trump wants to impose 25% tariffs on all Canadian imports. That’s big.

Canada’s response? A three-step plan that looks like this:

1. Retaliatory tariffs on US goods.

2. Export controls on Canadian products.

3. As a last resort, taxes on major commodities like uranium, oil, and potash.

Here’s the problem:

• Canada relies heavily on trade with the US. Tariffs would hit their economy—and the Canadian dollar—like a falling moose from the sky.

So, What Does This Mean for Traders? 💹

The Canadian dollar (CAD) is in a tough spot. Here’s why:

1️⃣ Political Instability = Weak CAD
Markets hate uncertainty, and Canada’s got plenty of it. A shaky government and a looming leadership shakeup don’t inspire confidence.

2️⃣ Tariffs? Say Goodbye to CAD Strength
If Trump slaps Canada with 25% tariffs, demand for Canadian exports will fall—and so will the CAD.

3️⃣ Inflation & Slow Growth
Canada’s economy is already crawling. Add in political instability, trade risks, and weaker GDP growth, and the outlook for CAD isn’t looking hot.

Why Some Traders Might Still Bet on Canada

Not all hope is lost. If you’re feeling contrarian:

• A snap election that brings Pierre Poilievre to power could stabilize markets and boost investor confidence.

• Canada’s commodity-heavy economy still has strong fundamentals—oil, gold, and uranium could hold up even if CAD wobbles.

But let’s be honest: the risk outweighs the reward right now.

What I’m Doing as a Trader 📈

Here’s how I’m playing this:

1. Short CAD? I’m keeping a close eye on CAD pairs like USD/CAD and AUD/CAD. If the instability continues and tariffs look likely, I’ll look for short opportunities.

2. Watch Commodities: Canada’s economy leans on oil and gold. If exports get hit, there could be volatility—and opportunity—in XAU/USD and WTI crude.

3. Wait for the Fed: The US dollar (DXY) will also move after the Fed decision this week. A stronger USD = more downward pressure on CAD.

Final Thoughts

Canada might not be totally falling apart, but let’s just say the snowstorm of problems isn’t clearing up anytime soon.

Between political chaos, economic stagnation, and Trump’s tariff threats, the Canadian dollar is skating on thin ice.

So, while Canada’s economy keeps saying “sorry” to the world, traders should keep saying “thank you” for the opportunities.

Time to grab your coffee, trade smart, and watch for CAD to make its next big move.

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Bitcoin Makes History (Again) 📈 

Bitcoin just hit $107,000, and the crypto world is acting like it’s the second coming of Satoshi himself.

Is it exciting? Sure.
Is it $150K? Nope.

Let’s break it down before we start popping bottles.

The Numbers You Need to Know 📊

1. New All-Time High: Bitcoin touched $107,000 like it was just casually grabbing another level on a Mario game.

2. Year-to-Date Gain: BTC is up a staggering +195% in 2024.

3. Market Cap: Bitcoin’s total market cap now sits at $2.08 trillion—that’s bigger than most countries’ GDPs.

4. The Target Everyone’s Waiting For: Analysts still have their eyes on $150,000.

Don’t get me wrong—$107K is great. It’s just not the big, juicy milestone everyone’s been screaming about.

What’s Fueling the Rally? 🚀

1️⃣ Institutional Demand: The big players keep piling in. Hedge funds, ETFs, and institutions have been hoarding BTC like it’s the last slice of pizza at a party.

2️⃣ Trump + Bitcoin 🤝: President-elect Trump’s “strategic Bitcoin reserve” whispers are helping turn the FOMO dial to 11.

3️⃣ Rate Cut Hopes: With the Fed likely to cut rates this week, the “risk-on” rally continues. Stocks are up, Bitcoin’s up, and my trading ego is definitely up.

But Let’s Be Real—$107K Isn’t $150K

Crypto Twitter’s acting like we just broke the speed of light, but come on—this was the easy part.

Hitting $107K was like climbing the hill on a roller coaster. Exciting? Sure. But we’re all here for the drop to $150K, right?

Let’s not pretend everyone isn’t already talking about:

• VanEck’s $180K prediction for 2025.

• Max Keiser’s $220K price target by year-end.

Bitcoin maximalists are salivating, and I can’t blame them.

What I’m Watching 👀

Here’s my game plan:

• $110K Next? If momentum holds, we could see BTC test $110,000 in the next few days. I’m watching for high-confluence setups before jumping in.

• Pullbacks = Buying Opportunities: With leverage liquidations piling up, dips are likely. And dips = discounts.

Final Thoughts: Wake Me Up at $150K 😴

Bitcoin at $107K is impressive. But this is crypto—expectations are sky-high.

So until we hit that magical $150K number, let’s stay focused, trade smart, and enjoy the ride.

Because when we do hit $150K, I’ll be the first one popping champagne.

Cheers,
Matt 🚀📈

☕️ Pre-Market Fuel

1. Satoshi Nakamoto is now richer than Bill Gates. And yet, still, nobody knows who he is…

2. Michael Saylor owns more Bitcoin than the US and China combined.

🍪 Munchy Memes

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