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Canadian financial companies investing in overseas coal plants despite push against
Canadian financial companies investing in overseas coal plants despite push against A coal-burning power plant steams behind wind generators in Gelsenkirchen, Germany while the 23rd UN Conference of the Parties (COP) climate talks end in Bonn, Germany, Friday, Nov. 17, 2017. (AP Photo/Martin Meissner) OTTAWA – Canada’s national pension fund manager is among a group […]
Everyone cutting coal use except for most of the world and most of the banks
Everyone cutting coal use except for most of the world and most of the banks The situation with our most hated energy asset Australia’s big four banks are fighting over themselves to turn down the chance to profit from coal loans and tell the world. Months ago, Westpac went on a low-coal diet, declaring like […]
Canada Becomes Party to Ukraine’s Conflict
Canada Becomes Party to Ukraine’s Conflict The Canadian government has given the green light for national defence contractors to sell weapons to Ukraine. This makes Canada a party to the conflict with all ensuing consequences. The decision sets no preconditions for selling the armaments to Ukraine. It has been taken despite the fact that Project Ploughshare and Amnesty International Canada […]
Canadian Oil Prices Plunge To $30
Canadian Oil Prices Plunge To $30 Oil from Canada’s oil sands is now selling at a $27-per-barrel discount relative to WTI, the sharpest difference in more than four years. Western Canada Select (WCS), a benchmark for oil from Alberta’s oil sands, has plunged in December, falling to just $30 per barrel at the end of […]
The Separatist Movements in Canada & One-Size-Fits-All of Marx
The Separatist Movements in Canada & One-Size-Fits-All of Marx Many people are aware of the various attempts of Quebec to separate from Canada. What they are unaware of is the supporters of the Western Independence Party of Alberta. There has been an undertone of the separatist movement in Alberta which actually stems from the Great Depression […]
Canada Home Values Hit “First Quarterly Decline since Q1 2009” as Household Debt Binge Hits New High
Canada Home Values Hit “First Quarterly Decline since Q1 2009” as Household Debt Binge Hits New High How exposed are over-indebted household to rising interest rates? Household debt in Canada rose to a new record of C$2.11 trillion in the third quarter 2017, up 5.2% from a year ago and up 10.7% from two years […]
Canadian Homeowners Take Out HELOCs to Fund Subprime Buyers Unable to get a Mortgage
Canadian Homeowners Take Out HELOCs to Fund Subprime Buyers Unable to get a Mortgage The Housing & Debt Bubble ascends to the next level of risk. By Steve Saretsky, Vancouver, Canada, Vancity Condo Guide: The HELOC (Home Equity Line of Credit) has been a blessing and a curse for Canadian households. While it has helped spur […]
“Loonie Longs Are Set For A Painful Dose Of Reality”: Trader
“Loonie Longs Are Set For A Painful Dose Of Reality”: Trader Is all hell about to breaks loose for Loonie longs? Yesterday, Bank of America released a note titled simply enough “CAD longs at risk”, in which it said that “according to our liquid cross border flow (LCBF) data, hedge funds and real money now […]
Second Cockroach: Canadian Mortgage Lender Crashes After Admitting Mortgage Fraud
Second Cockroach: Canadian Mortgage Lender Crashes After Admitting Mortgage Fraud Back in April/May, Canada’s biggest mortgage lender, Home Capital Group, crashed its way into the headlines, coming clean over its balance sheet-full of liar loans, suffered a bank run, and was forced to take emergency liquidty from taxpaying pensioners, and was eventually bailed out by […]
Oil Major: 70% Of Crude Can Be Left In The Ground
Oil Major: 70% Of Crude Can Be Left In The Ground Canada’s oil sands are too dirty to be produced, and should probably stay in the ground. That has long been the sentiment of environmental groups, but it is also gaining acceptance even among some of the largest oil companies in the world. “A lot […]
Council of Canadians: Stop Nestle from bottling water on expired permits!
Stop Nestlé from bottling water on expired permits! Send an e-mail to your Member of Provincial Parliament calling on them to speak up against renewing Nestlé’s expired permits and for phasing out bottled water permits for good. 996,568,672 Nestlé is about to take its 1 billionth litre of groundwater on an expired permit […]
Whose Private-Sector Debt Will Implode Next: US, Canada, China, Eurozone, Japan?
Whose Private-Sector Debt Will Implode Next: US, Canada, China, Eurozone, Japan? Canadians, fasten your seat-belt. Here are the charts. The Financial Crisis in the US was a consequence of too much debt and too much risk, among numerous other factors, and the whole house of cards came down. Now, after eight years of experimental monetary […]
Is Trudeau Ready for a Middle East war?
Is Trudeau Ready for a Middle East war? The world is now at the mercy of a coalition of three of the most dangerous autocrats on the planet: Donald Trump, Benjamin Netanyahu and Saudi Arabia’s new absolute ruler Mohammad bin Salman a name that will become increasingly familiar as the months go by. These three […]
Canada Builds $300 Million Highway To Nowhere, But Is There A Hidden Agenda?
Canada Builds $300 Million Highway To Nowhere, But Is There A Hidden Agenda? A new $300-million first of its kind ‘permanent’ highway will officially open in the Northwest Territories of Canada on Wednesday. This will be the first time in Canada’s history that the national highway system will be linked to all coasts. The completion […]
PBOC’s Zhou Warns Of “Sudden, Complex, Hidden, Contagious, Hazardous” Risks In Global Markets
PBOC’s Zhou Warns Of “Sudden, Complex, Hidden, Contagious, Hazardous” Risks In Global Markets Just two weeks after warning of the potential for an imminent ‘Minsky Moment’, Chinese central bank governor Zhou Xiaochuan has penned a lengthy article on The PBOC’s website that warns ominously of latent risks accumulating, including some that are “hidden, complex, sudden, […]
