HARD NUMBERS: Trumpcoin takes flight, Canada’s deficits are here to stay, Snowbirds flee Florida, US slashes red tape for energy and mining
50: The value of $TRUMP surged by more than 50% on Wednesday after the cryptocurrency’s issuer said President Donald Trump would have dinner with the top 220 holders of the meme coin next month. The top 25 holders of $TRUMP would get a special pre-dinner reception and VIP tour of the White House.
62.3 and 31.4: No matter which of Canada’s largest parties wins the upcoming election, you can be sure of one thing: Deficits are here to stay. The Liberals’ spending plans foresee a deficit of $62.3 billion this year, falling to about $48 billion by the end of the decade. The Conservatives see a deficit of $31.4 billion this year, falling to $14 billion over the same time frame.
25: The number of people locking in mortgage rates to buy second homes in the Tampa area of Florida fell 25% in the first quarter of this year. Experts say the drop is due largely to evaporating interest from Canadian “snowbirds” put off by the Trump administration’s attacks on Canada and its tighter security restrictions on foreigners.
28: It’s about to get easier to drill, baby, drill. The US Department of the Interior has implemented an emergency measure that caps approval times for energy and mining projects on federal lands at 28 days. Permitting for projects of this kind can normally take months or even years. Solar and wind projects are, notably, excluded from the new rules.