With the Bank of Canada holding interest rates at 0.25%, some are saying that Canada’s housing market is overheating. Housing starts are up 21% over 2008 and building permits are up 18% (which are forward-projections).
At the very least, it is a sign of the strength of the Canadian housing market. But it doesn’t speak to [...]
Is there a bubble in gold? Liz Weston thinks so. And if you talk to Matt at Steadfast Finances, he’ll be quick to agree.
I’d concede there’s definitely a boom or “bandwagon” effect happening with money flowing into gold right now, but I’m not convinced it can be called a bubble in the same way that [...]
According to Jeff Rubin, in his book Why Your World Is About To Get A Whole Lot Smaller (2009) (read my review of Jeff Rubin here), the U.S. is two-thirds dependent upon foreign oil sources. That means roughly 66% of its oil usage comes from other countries. Do you know which ones? I’ll tell you [...]
Some readers have been asking about the prospect that a US-led hyperinflation would extend into Canada. The short answer is that it depends on how much of an economic bully the US administration is going to be to its trading partners. Unfortunately, Canada’s export trade is not very well diversified. We rely too much on [...]
A great article in today’s Financial Post explains how Canada’s really the most fiscally conservative G20 member right now. Ironic, eh? Flaherty and Harper don’t want any more government intervention in the markets right now.
Canada has the world’s best and most safe banking system currently. Corporations here aren’t going bankrupt and can still issue medium-term [...]