Bank of Canada Sees Global Economy, Freaks Out, Cuts Rate, Warns of Financial Stability Risks, Loonie Plunges by Wolf Richter • Jul 15, 2015 • 16 Comments A lot of gloom in just one statement.
Largest “Alternative” Mortgage Lender in Canada Plunges, Denies “Systemic Problem” in Housing Market by Wolf Richter • Jul 15, 2015 • 14 Comments “Not an early signal of rising losses or broader housing stress.”
Is Canada Next? Recession Is “Quite Contained” by Wolf Richter • Jul 14, 2015 • 10 Comments Not just a “massive contraction” in the energy sector.
Canada’s Oil Patch Goes Into Convulsions, Business Confidence Plunges to Financial Crisis Lows by Wolf Richter • Jun 26, 2015 • 5 Comments Worry of “full-fledged contagion to the rest of the country.”
Manufacturing in Canada Sags, Triggers Chilling References to Financial Crisis by Wolf Richter • Jun 16, 2015 • 13 Comments Manufacturing is getting hit hard – and not just because of the oil bust.
It Gets Messy in Canada by Wolf Richter • Jun 14, 2015 • 14 Comments “All of that negative news has put a downer on consumer sentiment.”
Toronto’s Epic Condo Bubble Suddenly Turns into Condo Glut by Wolf Richter • Jun 11, 2015 • 27 Comments Unsold new condos spike to all-time record. Industry in denial.
Canadian Mortgage Insurer Tells US Hedge Funds Why Canada’s Housing Bubble Is Immortal. Hilarity Ensues by Wolf Richter • Jun 4, 2015 • 14 Comments Millennials, immigrants are “plankton” in the “food chain” for “big wales and sharks.”
Canada’s Magnificent Housing Bubble Goes Nuts, Cracks by Wolf Richter • Apr 24, 2015 • 20 Comments Even “Second-Time Buyers” can’t afford to buy without help from mom & dad.
Magnificent Housing Bubble Unravels in Much of Canada by Wolf Richter • Apr 14, 2015 • 6 Comments But prices in Vancouver and Toronto to continue rising “over the next few months.”
