Bank of Canada Now Owns 40% of Government of Canada Bonds. Fed a Saint in Comparison. Taper on the Table by Wolf Richter • Apr 6, 2021 • 227 Comments “Makes you wonder if there’s a potential mid-QE-life crisis taking shape in Ottawa”: strategists at the National Bank of Canada in a note that would be hilarious if it weren’t so serious.
Bank of Canada Announces Balance Sheet Reduction, Suddenly Worried about “Moral Hazard” by Wolf Richter • Mar 23, 2021 • 90 Comments “Once crisis tools have served their purpose, central banks should scale them back.”
Canada’s Mortgage Lenders Have Set Aside a Record Amount for Bad Loans by Daniel Wong • Jan 14, 2021 • 53 Comments It’s odd to see it occur while almost every market reports record home sales.
Toronto Rental Market Hit by 82% Spike in Apartments for Rent by Stephen Punwasi • Aug 13, 2020 • 53 Comments But a surge in new renters pronto is unlikely.
Huge Debt Payments at Worst Time for Canadian Oil Drillers by Oilprice.com • Jul 7, 2020 • 30 Comments “There’s a lot of extend, amend, and pretend with respect to finance documentation. But at some point the music will stop.”
Head of Canada’s Mortgage & Housing Agency Warns Home Buyers to Question Motives of Those Saying Prices Will Rise by Stephen Punwasi • Jun 1, 2020 • 75 Comments “They’re whistling past the graveyard and offering no analysis.”
Canadian Home Sales See Worst April Since 1984, Montreal And Toronto Lead Lower by Kaitlin Last • May 18, 2020 • 44 Comments National sales volumes have been sliding for a few years, but this is like nothing seen in a long time.
No One Knows How the Coronavirus Will Impact Canadian Real Estate, But Here Are My Thoughts by Steve Saretsky • Mar 13, 2020 • 100 Comments How will Canadians service $1.56 trillion in mortgage debt plus other debts such as credit cards? What about tenants who can’t pay their rent?
Carmageddon Spreads to Canada by Wolf Richter • Jan 5, 2020 • 114 Comments Sales fall for second year in a row, as car sales collapse further and truck sales barely tick up.
Status of US Dollar as Global Reserve Currency v. Euro, Yen, Chinese Renminbi, & Others by Wolf Richter • Jan 2, 2020 • 111 Comments Latest data is out. Folks who hoped the Renminbi would break the dollar hegemony have to be very patient.
