Silver as an investment

Category Archives: Canada

Don’t Believe “Eerily Low” Inflation in Canada: National Bank

wolfstreet.com / by Wolf Richter • May 23, 2017  This is how it’s “understated.” We have long lamented the persistent understatement of soaring US housing costs in the Consumer Price Index, and thus the understatement of overall inflation as experienced by people with a roof over the head. But now two economists from the National Bank of Canada spell […]

Oh Canada! A Cold Wind Blows from the Great White North

news.goldseek.com / By Plunger / 17 May 2017 I am rushing this to you ahead of publication schedule as the message is both urgent and important. The great risk to the world’s economic system is that of a credit contraction. Western and Asian economies are ill equipped to absorb economic shocks as a result of […]

“Canada Hasn’t Seen A Bank Run Such As This In Decades” – Finance Minister Says Home Capital Bailout Is Possible

zerohedge.com / by Tyler Durden / May 13, 2017 When we first said three weeks ago that the spectacular, sudden implosion of Canada’s largest alt-lender Home Capital Group or HCG – whose fate we had followed closely since 2015 – was Canada’s own “New Century Moment“, the parallels were more than just the obvious: like in the […]

New Study Issues ‘Code Red’ on Canadian Housing Affordability

financialsense.com / DANIELLE PARK / 05/10/2017 Shelter prices are so over-valued relative to income levels today, that saving just a 10% downpayment now takes 12 years on average, compared with just 5 years to save a 20% deposit twenty years ago. In many cases, people are trying to circumvent the waiting and saving period by borrowing even the […]

Stocks Dazed After Trump NAFTA Flop, Tax Plan Disappointment; ECB Looms

European shares are lower, pressured by disappointing results by Deutsche Bank and ending a six-session gain, as Asian equities and S&P futures were little changed after a record-setting rally in world stocks which pushed the MSCI World index to over $50 trillion yesterday, fizzled after Trump released unconvincing tax cut plans prompting traders to “sell […]

Peso Plunges As White House Plans NAFTA Withdrawal Executive Order

zerohedge.com / by Tyler Durden / Apr 26, 2017 11:54 AM The Mexican Peso is tumbling (and Loonie extending yesterday’s timber-tariff-driven losses), as Politico reports, the Trump administration is considering an executive order on withdrawing the U.S. from NAFTA, according to two White House officials. Politico reports that a draft order has been submitted for the final stages […]

Trump: “I Don’t Fear A Trade War With Canada”

While Trump tried to downplay concerns about a trade with with Canada, after his administration slapped tariffs on Canadian softwood lumber, he may have succeeded in fanning the flames when on Tuesday Trump told reporters that “No,” he does not fear a trade war with Canada adding “they have a tremendous surplus with the United […]

An Angry Canada Responds To Trump’s Lumber Tariff… And What It Means For The Economy

After last night’s announcement of ~20% tariffs on softwood lumber imported from Canada, Prime Minister Justin Trudeau lashed out at the Trump administration saying the U.S. could suffer from a “thickening” border as trade tensions between the two countries escalated, sending the Canadian currency to a 14 month low. As a reminder, the United States […]

Get Ready for Inflation! Lumber Logs a 12-Year High

news.goldseek.com / By Frank Holmes / Tuesday, 18 April 2017 As if you need more proof that inflation is finally starting to pick up, lumber prices rose to a 12-year high last week, supported mainly by expectations that steep duties will soon be levied on cheap softwood imports from Canada. Lumber futures rose to nearly $415 per […]

“Canada: Irrational Exuberance?” Wild Housing Speculation Drives Entire Economy

wolfstreet.com / by Wolf Richter / Apr 10, 2017 Everyone is afraid of breaking the addiction. Here’s another data point on the Canadian housing bubble, how immense it really is, and how utterly crucial wild housing speculation has become to the Canadian economy. Housing starts surged to 253,720 units in March seasonally adjusted, the highest since September 2007, […]