Author Archives: Andrew

U.S. Treasury bills for Canadians infographic featuring American and Canadian flags, Treasury securities, T-bill yields, brokerage options, Canadian taxes and currency risks.

Canadian Investing in U.S. Treasuries and T-Bills

Updated October 23, 2026. Market yields are based on October 22, 2026 data unless otherwise indicated. Rates change daily and are not forecasts or guarantees.

Picture a Canadian investor with USD 25,000 sitting in an RRSP, waiting for an attractive opportunity to buy U.S. equities. The cash earns little or nothing meanwhile. Could a three- or six-month U.S. Treasury bill put that money to work?

On October 22, 2026, the U.S. Treasury reported a 13-week bill yielding 4.14% and a 26-week bill yielding 4.31%, using its investment-yield measure.

On USD 25,000, those rates would generate approximately USD 257 over 91 days or USD 530 over 182 days, assuming a purchase at the quoted yield and a hold to maturity.

That is meaningful income from a short-term government security.

But Canadians face questions that American investors do not.

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Illustrated caricature of Andrew Henderson alongside the Nomad Capitalist book, passports and international destinations, representing flag theory, second citizenship, global wealth and international diversification.

Andrew Henderson and Nomad Capitalist: The American Who Turned Flag Theory Into a Brand

Part of the Sovereign Canadian Thought Leaders series, profiles of the writers, investors, and thinkers who shaped how I think about money, freedom, and geography. This is personal documentation of what I’ve read and what I’d actually use, not financial advice. Read me as a peer taking notes, not an analyst issuing a rating.

For a lot of people today, flag theory means Andrew Henderson. He didn’t invent it. What he did was attach a slogan to it, then a YouTube channel (I’m a subscriber), a book I really should read, and a consulting firm called Nomad Capitalist, and then repeat the slogan until it stuck: go where you’re treated best.

That’s a real achievement, and it’s why he belongs in this series. His questions are good ones, and I want to read them through a Canadian filter. Henderson is a skilled popularizer and the founder of a consultancy positioned at the premium end of the market, and the hinge of his own story, giving up his American citizenship, is a move Canadians don’t need to make. Take his playbook straight from the American version and you can end up solving a problem we don’t have while missing the ones we do.

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Illustrated caricature of Gad Saad with Canadian flag, Concordia University, books, free speech symbols and an airplane, representing his criticism of Canadian academic culture and reasons for leaving Canada.

Gad Saad: The Montreal Scientist Who Studied Why We Buy, Then Left Canada

Part of the Sovereign Canadian Thought Leaders series – profiles of the writers, investors, and thinkers who shaped how I think about money, freedom, and geography. This is personal documentation of what I’ve read and what I’d actually use, not advice. Read me as a peer taking notes, not an analyst issuing a rating.

I’ll be upfront about why Saad is in this series, because he’s the odd one out. Everyone else I’ve profiled here sells something adjacent to money. Saad sells none of that. He’s a marketing professor at Concordia. There’s no newsletter telling you which junior miner to buy. What he has is the layer underneath all of it: a theory of why humans want the things they want, and a very loud second career arguing that Western societies have talked themselves into decline.

He was also, for decades, the one subject in this series who was genuinely Canadian and stayed. He came to Montreal as a refugee, earned tenure at Concordia, and dug in. That made him a living counter-argument to the whole flag theory playbook: proof that you could choose voice over exit. Then, on Joe Rogan’s podcast in May 2026, he announced that his family was moving permanently to Oxford, Mississippi, where he has taken a position at the University of Mississippi. The man who stayed chose exit after all. The reasons he has given, as reported by the National Post, include safety, the threats he says made it untenable to keep working at Concordia, and, in the paper’s later reporting, a tax system he says makes it nearly impossible to save enough to retire. For a blog about Canadians weighing that exact decision, it is the most interesting thing he has ever done.

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Same $200,000 Income, Different Financial Futures: How Investing Creates a $600,000 Gap

Two Canadian families earn the same $200,000 annual household income. Both have good jobs, own homes and enjoy comfortable lifestyles. Neither is struggling to make ends meet.

Yet after 20 years, one family has accumulated approximately $298,000 in investments, while the other has nearly $893,000.

That’s a difference of almost $600,000, despite identical household incomes.

The explanation isn’t an inheritance, a lucky stock pick or a complicated investment strategy. It’s a difference in how much each household consistently invests.

Our latest Sovereign Canadian video illustrates how those decisions can compound over time.

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France riots 2026 infographic featuring the French flag, protesters, riot police, Arc de Triomphe, government response, economic impacts and implications for Canadians.

France’s Riots: What Set Them Off, Why the State Can’t Stop Them, and Who Pays

Paris spent Sunday sweeping up. Windows were smashed around Place de la Republique, a newspaper kiosk had burned down to a frame, and in Limoges the 19th-century town hall was torched and largely destroyed. Saturday’s national day of protest against the cost of living drew about 550,000 marchers by the Interior Ministry’s count, and most of them were peaceful. By nightfall it was something else.

This post sorts what’s known from what’s being claimed, explains why the French state is struggling to stop the violence, and who ends up paying for it.

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Selling options in Canada, comparing covered calls, cash-secured puts and limit orders, with Enbridge stock, option premiums, assignment risks and Canadian tax considerations.

Selling Options in Canada: Can Covered Calls and Cash-Secured Puts Beat Limit Orders?

General information, not tax, legal or investment advice. Option examples use quotes observed on October 19, 2026 and are historical observations, not current prices.

You have been watching Enbridge for months. It is a business you understand and would happily own, but you think it is a few dollars too expensive. So you do what disciplined investors do: you decide on a price and place a limit order to buy below the market.

Then someone suggests a smarter way. Instead of waiting with a limit order, sell a cash-secured put at that same price and collect a premium while you wait. It sounds like getting paid for patience.

The honest question is not whether selling options generates cash. It does. The question is whether selling options in Canada improves the outcome compared with the limit order you were going to place anyway, or whether it simply swaps one set of risks for another.

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Alberta separation referendum featuring the Alberta flag, provincial legislature, referendum ballot, voting results and questions about Alberta’s future within Canada.

Alberta Voted to Stay in Canada: What the Separation Referendum Actually Told Us

Albertans voted on Monday, and the answer wasn’t close. In the province’s first-ever referendum touching on separation, roughly three out of four voters chose to remain a province of Canada. The count is still unofficial and final results are expected October 29, but the margin is far too large for the remaining ballots to change the story.

This post covers what was actually on the ballot, why the question existed at all, who was pushing on it from inside and outside the country, and what the numbers do and don’t tell us.

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Estonian e-Residency for Canadians featuring Estonia’s digital identity card, Tallinn skyline, business registration, tax implications, residency limitations and application requirements.

Estonian e-Residency: Does It Still Make Sense for Canadians in 2026?

Ten years ago, micro-nations and digital-sovereignty experiments competed for the attention of anyone who liked opting out of the default. Liberland was the romantic version: a claimed sliver of land on the Danube, a flag, a constitution and, so far, no broad recognition from other states. Estonia offered something less theatrical and, frankly, more useful. It is an established, recognized, EU and NATO member state, and it decided to let non-residents plug into its digital government without moving there. That is what Estonian e-Residency for Canadians is really about.

The first thing to get straight is what it is not: a citizenship program, an immigration program or a micro-nation. It is a government-issued digital identity that lets a foreigner sign documents and run an Estonian company online. Liberland asks whether you can create a new sovereign. Estonia asks a much narrower and more practical question: can a state sell you access to its infrastructure? The distinction matters, because the second question has a real answer, and the answer depends heavily on where you pay tax.

This article starts from one question. If I am a Canadian resident operating or considering an international business, why would I establish an Estonian company instead of simply incorporating in Canada? For many people the honest answer is “there is no good reason”. For a narrower group there is a real operational reason, and the tax part is mostly a trap to avoid, not a benefit to chase.

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Liberland for Canadians guide featuring the self-declared micronation on the Danube River, Liberland citizenship, blockchain governance, currency, Canadian tax residency and international recognition.

Liberland for Canadians: Citizenship, Sovereignty, Taxes, Currency, and the Reality Behind the Micronation

Liberland is a self-declared state on a roughly 7 square kilometre strip of Danube floodplain between Croatia and Serbia. It has a president, blockchain voting, two tokens and a citizenship application. It also has, by its own terms, no recognition from the United Nations or most states, and limited control over the land it claims.

The question I wanted answered is whether Liberland is a meaningful sovereignty tool for a Canadian, or effectively a digital country club built around libertarian ideals and blockchain governance. I do not mean that as an insult. A community, a governance experiment and a network can have real value. But they are different things from a recognized second passport, legal residency, tax residency, asset protection, enforceable property rights, a recognized business registration or an investment. This article keeps those categories apart, and it separates established facts, Liberland’s own claims, my interpretation and speculation.

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Eaton stock analysis for Canadian investors featuring electrical power management equipment, data centres, grid modernization, financial performance, valuation, investment risks and long-term growth opportunities.

Eaton as an Investment: An Electrification Leader at a Premium Price

The Electrification Investment Everyone Wants to Own

Picture the electrical room of a large data centre. Power arrives at high voltage and is stepped down, split, protected and backed up before it reaches servers that cannot tolerate a flicker. Much of that equipment carries the Eaton name, and as electricity demand climbs and the buildings, factories and grids attached to it need heavy investment, Eaton sits in several of the best-paying corners of that spending.

The record is hard to wave away. Eaton’s GAAP operating margin rose from 11.2% in 2015 to 19.0% in 2025, and its order backlog reached USD 24.1 billion at the end of June 2026. The International Energy Agency’s base case has global data-centre electricity use roughly doubling to about 945 TWh by 2030, from about 415 TWh in 2024 (IEA, Energy and AI).

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