The Time Bomb under Canada’s Economy: Soaring Household Debt, and Suddenly Delinquencies! by Wolf Richter • Sep 16, 2015 • 19 Comments “Fortunately, there’s little need to fret about households’ ability to carry all that debt.”
“There’s Just No Cash”: Oil Bust in Canada Hits Creditors by Oilprice.com • Sep 14, 2015 • 6 Comments What happens when an entire industry, even at higher oil prices, can no longer service its debt?
What’s Coming Unglued Now in Canada? by Wolf Richter • Sep 4, 2015 • 15 Comments “The number of half-empty office buildings in Alberta is projected to spike.”
It Gets Even Uglier In Canada by Wolf Richter • Aug 30, 2015 • 25 Comments Businesses get “crunched” in the Oil Patch, consumers lose it, indexes hit Financial Crisis levels.
New Vehicle Sales Collapse in Canada’s Oil Patch by Wolf Richter • Aug 26, 2015 • 4 Comments Oil spills into the broader economy.
Canada “Getting Clocked” by Something Far Bigger than Oil by Wolf Richter • Aug 18, 2015 • 38 Comments The oil price collapse is bad, but this is worse.
World’s Most Hated Major Currency Hits 11-Year Low by Wolf Richter • Aug 14, 2015 • 23 Comments Traders are uniformly betting against it, a great contrarian sign. But wait….
It Gets Ugly in Canada by Wolf Richter • Aug 3, 2015 • 12 Comments At first, there was hope that only the oil patch would get hit.
Liar Loans Pop up in Canada’s Magnificent Housing Bubble by Contributor • Jul 30, 2015 • 22 Comments Just the tip of the iceberg?
Epic Glut of Office Space Crushes Hope in Canadian Oil Patch by Wolf Richter • Jul 19, 2015 • 2 Comments China, Greece, “Global instability” get blamed.
