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Politics versus the future: Canada’s Orwellian energy standoff
Politics versus the future: Canada’s Orwellian energy standoff There is no denying the utility of fossil fuels, which meet 85% of the world’s energy needs. And consumption is rising along with emissions. Even in Canada, the second largest hydropower producer in the world, 76% of end use energy is provided by fossil fuels. We are told […]
BoC: 8% Of Canadian Households Owe More Than 20% Of The $2.1 Trillion In Debt
BoC: 8% Of Canadian Households Owe More Than 20% Of The $2.1 Trillion In Debt Canadian real estate debt hit a new high, and the news gets worse as they explain it further. The Bank of Canada (BoC) updated household debt numbers for March. In a speech this week, BoC’s Governor Stephen Poloz also gave […]
“TMX Market Incident”: All Toronto Stock Exchange, TMX Systems Down, Will Not Reopen Friday
“TMX Market Incident”: All Toronto Stock Exchange, TMX Systems Down, Will Not Reopen Friday UPDATE: The Toronto Exchange will not be opening for the rest of the day as per the latest exchange update: TMX has decided to shut down all markets for the remainder of the day. Trading will not resume today, including market […]
“Canada Is In Serious Trouble” Again, And This Time It’s For Real
“Canada Is In Serious Trouble” Again, And This Time It’s For Real Some time ago, Deutsche Bank’s chief international economist, Torsten Slok, presented several charts which showed that “Canada is in serious trouble” mostly as a result of its overreliance on its frothy, bubbly housing sector, but also due to the fact that unlike the […]
FM Meeting in Toronto: G7 Engaged in Frenzied Anti-Russia Hysteria
FM Meeting in Toronto: G7 Engaged in Frenzied Anti-Russia Hysteria The G7 foreign ministers’ get-together took place in Toronto on April 22-23 ahead of the group’s two-day summit in June, at which time Charlevoix, Quebec will host the leaders of the United States, Britain, Canada, Germany, France, Italy, and Japan. No decisions were made on […]
Canada has NO Gold but a Mountain of Debt… Things Will End Badly
Canada has NO Gold but a Mountain of Debt… Things Will End Badly While other central banks have been busy increasing their gold reserves, Canada sold off all its gold reserves in 2016. The Bank of Canada ranks last globally out of 100 major central banks. There is precedence in a central bank selling off […]
Oh Canada! Canadians Starting To Feel The Pain of Debt.
Oh Canada! Canadians Starting To Feel The Pain of Debt. Many Canadians are facing the consequences of spiraling debt. The Bank of Canada has increased its key interest rate three times since last summer, prompting some of Canada’s larger banks to raise their prime lending rates. Forty-seven percent of Canadians are feeling the pinch, indicating they […]
Lesson From Canada: There Really Are No Rate Hike Targets
Lesson From Canada: There Really Are No Rate Hike Targets Despite an inflation spike in Canada, Bank of Canada Governor Stephen Poloz says “Rate hikes Aren’t Mechanical.” Bloomberg reports Poloz Says Canadian Inflation Spike Doesn’t Violate 2% Target. Bank of Canada Governor Stephen Poloz said he’s not worried about inflation temporarily rising above the 2 […]
Congrats! Canadians Just Set A New Record For Borrowing Against Their Homes
Congrats! Canadians Just Set A New Record For Borrowing Against Their Homes Canadian real estate related debt tapering? That would be ridiculous! Filings obtained from the Office of the Superintendent of Financial Institutions (OSFI) show, after a brief decline in January, the balance of loans secured by residential real estate hit a new high in […]
Canada Home Prices Fall from Year Ago for First Time since 2009
Canada Home Prices Fall from Year Ago for First Time since 2009 The magnificent house price bubble wheezes. With 2017 mortgage pre-approvals having now expired, the first wave of buyers facing OSFI’s ground breaking mortgage regulations are being put to the test. The regulations, also known as B-20, require all borrowers to pass a stress […]
Loonie Drops As Bank Of Canada Holds Rates (As Expected)
Loonie Drops As Bank Of Canada Holds Rates (As Expected) With Canadian economic data at its most disappointing in 20 months, domestic trade-wars over oil pipelines exploding, and a housing market on the verge of collapse, The Bank of Canada held rates unchanged (as expected), sending a weak signal that sparked Loonie selling… Bank of […]
Four Flashpoints of Volatility
Four Flashpoints of Volatility 1 – Trade Wars Flashpoints, From China to Canada and Mexico Wall Street has knee-jerk reactions to any trade war related headlines. There are legitimate reasons to be concerned about trade wars. The world is increasingly more connected than ever. Many major American companies that are household names such as Starbucks […]
RBC Warns Cracks “Starting To Show” In Canadian Credit
RBC Warns Cracks “Starting To Show” In Canadian Credit One often wonders if the government will ever realize that, due to its policies, its “solutions” often wind up turning into bigger problems than the ones they set out to address initially? Not only that, but this has been the case for decades, and it will […]
Disaster Hits Canada’s Oil Sands
Disaster Hits Canada’s Oil Sands Kinder Morgan said it would halt nearly all work on a pipeline project that is crucial to the entire Canadian oil sands industry, representing a huge blow to Alberta’s efforts to move oil to market. Kinder Morgan’s Trans Mountain Expansion is the largest, and one of the very few, pipeline […]
Alberta’s Aggressive Renewable Energy Push
Alberta’s Aggressive Renewable Energy Push One Canadian province has set its sights on generating almost a third of its electricity from renewable sources by 2030. This will take some US$7.77 billion (C$10 billion) in investments by that year to add 5 GW of renewable capacity, creating more than 7,000 jobs. The province is Alberta—the center […]
