wolfstreet.com / by Wolf Richter • Apr 20, 2017
“People need to ask themselves very carefully, ‘Why am I buying this house?”’: Stephen Poloz, Bank of Canada.
The government of the Province of Ontario announced a laundry list of measures to prick the crazy house price bubble in Toronto and surrounding areas. This includes […]
zerohedge.com / by Tyler Durden / Apr 12, 2017 10:20 AM
The Bank of Canada kept its benchmark overnight interest rate on hold at 0.5%, as expected, noting that the “current stance of monetary policy is still appropriate” and adding that the “global economic growth is strengthening and becoming more broadly-based”.
While observing that […]
zerohedge.com / by Tyler Durden / Dec 25, 2016 3:44 PM
As MacLean’s Jason Kirby points out, the Bank has taken to YouTube to warn Canadians about the dangers of too much debt and unrealistic house price expectations. He wonders, however, whether anyone will listen as one after another real estate bubble form in […]
zerohedge.com / by Tyler Durden / Oct 24, 2016 4:48 PM
The reason why the loonie is surging and USDCAD tumbling is because moments ago, in his testimony before the House of Commons committee in Ottawa, BOC head Poloz said that the Bank of Canada is taking a wait-and-see approach to dealing with Canada’s […]
mishtalk.com / Mike “Mish” Shedlock / October 21, 2016
Despite having a massive property bubble, the Bank of Canada discussed cutting rates on Wednesday to stimulate the economy.
A rate cutting move is even more likely now, as retail sales unexpectedly fell 0.1% in August vs. an expected gain of 0.3%.
In response, the […]
marctomarket.com / by Marc Chandler / Oct 17, 2016
Of the forces driving prices in the week ahead, events appear more important than economic reports. There are four such events that investors must navigate. The Bank of Canada and the European Central Bank meet. The UK High Court will deliver its ruling on the […]
davidstockmanscontracorner.com / by Jeffrey P. Snider • August 31, 2016
The massive wildfires in Alberta earlier this year had a tremendously negative effect upon not just the oil sector but all of Canada. Not surprisingly, Canadian GDP released today was abysmal. Falling 1.6% in Q2, that was the worst quarter since 2009. Fortunately for […]
mauldineconomics.com / BY JARED DILLIAN / APRIL 14, 2016
A few months ago, Canada was going into a depression. USDCAD was at 1.46.
Now, the Bank of Canada is forecasting 1.7% GDP growth. USDCAD is at 1.28.
Oil was at $28 on its way to zero. (It is possible for commodity prices to go negative—where […]
gata.org / CHRIS POWELL / March 4, 2016
Dear Friend of GATA and Gold:
McEwen Mining Chairman Rob McEwen, founder Goldcorp, tells Business News Network in Toronto today that the executives of the Bank of Canada are “idiots” for having sold the country’s last gold reserves just as the Bank of England did from 1999 […]
dollarvigilante.com / JEFF BERWICK / MARCH 4, 2016
Canada’s Financial Ministry has continued to act out its insanity. The Ministry has actually stripped Canada of every last, single ounce of gold.
This at a time when China and Russia are buying whatever they can. China holds over 1,700 tons of gold though it probably […]
zerohedge.com / by Tyler Durden on 01/25/2016 14:59
Late last week the markets soared after the S&P hit 1812 – a 15% drop from its all time highs – with oil enjoying its biggest two-day surge in 7 years, on what most agree was a furious oversold bounce.
But what was the catalyst? The […]
zerohedge.com / by Tyler Durden on 01/19/2016 11:50
This Wednesday, the Bank of Canada has a decision to make.
Canada’s oil “dream” is dying thanks to the inexorable slide in crude prices and as the IEA made clear earlier today, the pain is set to persist for the foreseeable future as the world […]
marctomarket.com / by Marc Chandler / October 14, 2015
Canada’s national election is slated for Monday. The latest opinion polls show a virtual dead heat between the governing Conservatives and Liberals.
Two main issues dominate. The first is the economy. Canada is struggling. Although the contraction period is over, growth is fragile. The economy contracted […]
mises.ca / by Caleb McMillan / July 16th, 2015
To cut or not to cut, that is the question. And fortunately for Bank of Canada Governor Stephen Poloz, it was a pretty easy question. A lagging US recovery, China’s downturn, lower oil prices and “bad weather” all contributed to this interest rate cut. […]