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Overvalued housing prices and how to read them: Don Pittis
Overvalued housing prices and how to read them: Don Pittis I was reading about baseball cards over the Christmas holidays and it made me think of Canadian houses. From the Bank of Canada’s warning to last week’s devastating analysis from Germany’s Deutsche Bank that claimed a 63 per cent overvaluation, it seems we are being told once […]
‘Canada Is In Serious Trouble’ As Debt, House Prices Climb, Deutsche Bank Declares
‘Canada Is In Serious Trouble’ As Debt, House Prices Climb, Deutsche Bank Declares It was little more than a year ago that Deutsche Bank declared Canada’s housing market to be the most overvalued in the world, and on Thursday the German-based bank doubled down on its bearish assessment of Canada. Residential real estate in Canada is overvalued […]
Canadians Have Some Fat Debt, But Don’t Seem That Worried About It
Canadians Have Some Fat Debt, But Don’t Seem That Worried About It. The percentage of households in Canada mired in extreme debt has almost doubled since 2000, and Canadians are pretty chill about it. On Wednesday, the Bank of Canada said that 12 per cent of Canadian households — or as The Globe and Mail […]
Oil Price Drop Expected To Surface At Provincial-Federal Finance Ministers’ Meeting
Oil Price Drop Expected To Surface At Provincial-Federal Finance Ministers’ Meeting. The topic of sliding oil prices is expected to surface this weekend when provincial finance ministers from across Canada have their first face-to-face meeting with federal counterpart Joe Oliver. Saskatchewan Finance Minister Ken Krawetz said the federal-provincial gathering begins Sunday with an informal get-together […]
Oil Price Drop Expected To Surface At Provincial-Federal Finance Ministers’ Meeting
Oil Price Drop Expected To Surface At Provincial-Federal Finance Ministers’ Meeting. The topic of sliding oil prices is expected to surface this weekend when provincial finance ministers from across Canada have their first face-to-face meeting with federal counterpart Joe Oliver. Saskatchewan Finance Minister Ken Krawetz said the federal-provincial gathering begins Sunday with an informal get-together […]
Canada’s Catch-22: Bankruptcies Could Soar If Economy Improves
Canada’s Catch-22: Bankruptcies Could Soar If Economy Improves. There is a Catch-22 in Canada’s economy, which is this: When things get good again, it will cause things to go bad. That’s because Canadians have taken on so much debt that a rise in interest rates could tip many borrowers at the margins into insolvency. Many […]
Canada’s Expansion Tops Forecasts as Exports Lead Growth – Bloomberg
Canada’s Expansion Tops Forecasts as Exports Lead Growth – Bloomberg. Canada’s economy grew faster than economists forecast in the third quarter as exports of crude oil grew and consumers opened their wallets for cars and other big-ticket items. Gross domestic product rose at a 2.8 percent annualized pace from July to September, Statistics Canada said today […]
Youth Should Work For Free – Bank of Canada Recommends | Armstrong Economics
Youth Should Work For Free – Bank of Canada Recommends | Armstrong Economics. What is seriously being overlooked here around the world politically is we are dealing with a revolution of the youth as a consequence of the collapse in Marxism. Pictured above is Bank of Canada Governor Stephen Poloz who has amazingly stated that […]
