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Tag Archives: canada
Why Rising Mortgage Rates Threaten Canada’s Banks
Why Rising Mortgage Rates Threaten Canada’s Banks Wolf Richter with Jim Goddard on This Week in Money: Interest rates will continue to rise in the US and Canada. In both countries, potential buyers face affordability issues, which puts a damper on demand. But in Canada, variable-rate and adjustable-rate mortgages dominate (while ARMs are only 6% of […]
A Wake-Up Call to the Canadian Left
A Wake-Up Call to the Canadian Left Yves Engler is Canada’s foremost feisty contrarian. Contrarians oppose what most people think about people and events. They don’t like to bask in the sunlight. They would rather look in the shadows or dimly lit back alleys. If they walk on a summer beach, they pay little attention […]
Canadian Shale Is Hitting The Wall
Canadian Shale Is Hitting The Wall Plunging Canadian prices have been depressing oil producers’ realized prices and revenues, even though the U.S. benchmark and the international Brent Crude prices have rallied year to date. But it’s not only oil sands producers that have been coping with wide price differentials between Canadian crude oil prices and […]
Trump’s Hand-Picked Winners and Losers: China vs Canada, NAFTA Threats, and P&G
Trump’s Hand-Picked Winners and Losers: China vs Canada, NAFTA Threats, and P&G As a single country, China is the US’s largest trading partner but Canada is the largest export partner. As Trump struggles to get a NAFTA deal going on account of Canada, the above chart puts things into perspective. Canada is the US’s largest […]
HELOCs in the US & Canada: As “Scarred” Americans Learned Bitter Lesson, Canadians Went Nuts
HELOCs in the US & Canada: As “Scarred” Americans Learned Bitter Lesson, Canadians Went Nuts Home-equity-loan balances in Canada per capita are now 3.3 times what they were in the US during HELOC peak before it all collapsed. Home Equity Lines of Credit – the infamous HELOCs Americans used as endless ATMs to draw equity […]
Canadians Who Smoke Marijuana Legally Could Face Lifetime Ban From Entering the US
Canadians Who Smoke Marijuana Legally Could Face Lifetime Ban From Entering the US The U.S. Customs and Border Protection agency has announced that they will continue their fight in the losing battle of cannabis prohibition by banning Canadian cannabis users and workers from entering the United States. Customs official Todd Owen told Politico that they […]
Debt-Laden Canadians Struggling Amid Decade-High Monthly Payments
Debt-Laden Canadians Struggling Amid Decade-High Monthly Payments Canadians are spending more of their monthly budget on servicing debt, according to Bloomberg, hitting highs not seen since late 2008. The household debt service ratio — a measure of the share of income that goes toward paying interest and principal on mortgage, credit card and other types of debt […]
Fake News is Unbelievable – When is Enough going to be Enough
Fake News is Unbelievable – When is Enough going to be Enough A TV reporter is caught acting pretending the wind is so strong in Florence while two people in the background are casually walking by. Besides that, the wind is coming from behind him and he is acting as if he is fighting against […]
Pot Stocks Tumble On Report Of Possible Lifetime Travel Ban For Toking Canadians
Pot Stocks Tumble On Report Of Possible Lifetime Travel Ban For Toking Canadians Update: And just like that, marijuana stocks are careening lower after hours, following Politico report that all Canadians, especially those working in the pot sector, risk lifetime travel bans to the US, according to a senior official overseeing US border operations. Here’s exactly how it […]
Canadian Leftist Militarism Leaves Decency Behind
Canadian Leftist Militarism Leaves Decency Behind If one were to travel north through North America, with the seasons or the change in climate, harvesting crops of patriotic warmongering, the biggest drop in crop yield might come around the Mason Dixon Line, not the Canadian border. Yves Engler’s new book, Left, Right: Marching to the Beat […]
Petro Politics and Trudeau’s Sordid Pipeline Deal
Petro Politics and Trudeau’s Sordid Pipeline Deal Behind the spin, the reality is clear — taxpayers and the environment lose in the pipeline debacle. Alberta Premier Rachel Notley and Prime Minister Justin Trudeau are ignoring the law, economics and the environment in backing the Trans Mountain pipeline. Photo from trumpvstrudeau, Creative Commons licensed. “Petroleum is […]
Canada, the Petroyuan Thesis, and Balance of Trade Issues in Pictures
Canada, the Petroyuan Thesis, and Balance of Trade Issues in Pictures As NAFTA negotiations linger on, let’s step back and see what Trump’s threats are all about. The US has had a goods surplus with Canada every month since 1985. Nonetheless, Trump is incredibly annoyed at Canada and threatens to put tariffs on Canadian cars. […]
Carbon price wars–BC, Ontario or Quebec?
Carbon price wars–BC, Ontario or Quebec? The question of how the Canadian provinces should deal with the issue of greenhouse gas emissions continues to be contentious and occasionally acrimonious. The new provincial government of Ontario has declared its intention to cancel that province’s cap-and-trade system—referring to it as “a punishing, regressive tax that forces low-and […]
First Nations Celebrate Win Against Trans Mountain Pipeline Expansion
First Nations Celebrate Win Against Trans Mountain Pipeline Expansion Here’s how indigenous leaders pulled together a grassroots movement to resist the pipeline expansion. A Federal Court of Appeal on Thursday struck down the Canadian government’s approval of the Kinder Morgan Trans Mountain oil pipeline expansion, halting construction of the 1,150-kilometer project indefinitely. The expansion would […]
Canadian Court Deals Blow To Trans Mountain Expansion
Canadian Court Deals Blow To Trans Mountain Expansion In a devastating blow to the prospects of the Trans Mountain expansion pipeline – and thus, to the entire Canadian oil sands industry – a Canadian court ruled that the federal government failed to adequately consult with First Nations affected by the project. The ruling throws the […]
