
Both the women’s and men’s Olympic hockey teams won gold over the weekend. Both beat archrivals Canada in the final game.
Not to pile on, but we uncovered this surprising stat over the weekend, too.
If, by some twist of historic fate, Canada were to be eligible to join the U.S. as its 51st state, the Donald might want to reconsider.
Despite its overly-educated 40-million-plus population, on a GDP per capita, basis Canada is nul. Collectively, the Great White North would rank as America’s second-lowest state, coming in above Mississippi, but below Alabama:

The average Canadian has a lower purchasing power than the average citizen of Alabama.
(Source: @charliesmirkley via X)
On this basis, the annexation of Canada would be the economic echo of Germany’s post-Cold War reunification; a wealthy consumer economy sucking up a resource-rich, ideologically governed plot of land. Nearly 90% of Canadians live within 100 miles of the United States.
Setting aside the politics, if you’re a trader, there are plenty of unloved resource opportunities within Canada’s borders. We’re fans of the resource space, particularly for properties in North America. As you’re likely aware, many are included in our special reports.
Short-term opportunities – like USAS, UUUU, and the high-yielding natural gas company (NOG) that Andrew just closed out for 61.36% this morning – are available in the Grey Swan Trading Fraternity.
~ Addison
P.S. Last week on Grey Swan Live! Welcomed back Matt Milner, of Private Market Profits, gave us a tour of – and a strategy for – investing in the massive private capital markets usually reserved for well-connected investors: the pre-IPO space – an area where America continues to hone its GDP edge.
Elon Musk’s SpaceX and Palmer Luckey’s Anduril have grabbed headlines this year as their unicorn giants approach their very public launch into the AI stock market.




