Silver as an investment

Category Archives: Canada

Events Not Data Key in Week Ahead / by Marc Chandler / June 19, 2017 It is a light week for economic data from the G7, and for the reports that are on tap are unlikely to change the consensus scenario in the aftermath of major central bank meetings in the first half of the month.    Canada may be the chief exception […]

‘Retail Apocalypse’ Moves North As Sears Canada Admits Its Future Is In “Serious Doubt” / by Tyler Durden / Jun 13, 2017 The retail apocalypse that has caused the closing of thousands of department stores in the US – not to mention the evaporation of tens of billions of dollars in market capitalization – is moving north: Sears Canada revealed Tuesday that it’s exploring a sale or a possible restructuring […]

How to Prepare for the Coming 40% Crash / By Justin Spittler, editor, Casey Daily Dispatch / May 30, 2017 Get ready for a 40% plunge. That’s David Rosenberg’s message to investors. Rosenberg, as you may know, is one of today’s top economists. But unlike most economists, he’s actually worth listening to. You see, Rosenberg doesn’t work for the government or some think tank. Instead, he oversees […]

New Home Prices Are Over 50% Higher In Canada Than The US / by Kaitlin Last via / May 28, 2017 The price of new homes is quickly diverging in Canada and the US.  Data from the Canadian Housing and Mortgage Corporation (CMHC) show that new homes are selling for substantially more than the same time last year. Meanwhile south of the border, data from the […]

Don’t Believe “Eerily Low” Inflation in Canada: National Bank / 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 / 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 / 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 / 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 / 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 […]