Commercial real estate in Calgary, the epicenter of the Canadian oil bust with 1.2 million people, is collapsing at a breath-taking rate.
A good swig of financial engineering to make the results go down better.
Oil Bust Contagion Spreads.
Get ready for some bad news and red ink.
2016 to be brutal. But then, dreams of “a potential spike in oil prices.”
And it’s far from over.