In the Eye of the Storm: Vancouver Real Estate Detached Market
09/10/2020 11:19 AMAs the eye of the storm is eerily calm, so too is the Greater Vancouver Detached Real Estate market. Largely thanks to historic government stimulus. Just a heads up, the stimulus, draws nigh. CERB is coming to its conclusion, the deferred mortgage program is ending,...
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Canadians Cite Difficulty Paying Mortgages, Even Without Pandemic’s Financial Impact
09/10/2020 9:36 AMMost Canadians believe they’ll be able to pay their mortgage during the pandemic, it just won’t be easy for all. Mortgage Pros Canada (MPC), an industry group representing mortgage brokers, conducted a borrower survey on the impact of the pandemic. The survey yielded...
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Short Seller Compares Nikola To Theranos: ‘Intricate Fraud Built On Dozens Of Lies’
09/10/2020 9:33 AMJust days after a new partnership with General Motors Company sent Nikola Corporation shares soaring, Nikola short seller Hindenberg Research released a new report accusing the company of being “an intricate fraud built on dozens of lies.” Hindenburg allegedly spoke...
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Numbers Don’t Add Up
09/10/2020 7:44 AMWhat’s going on with the U.S. stock market’s amazing performance in these pandemic times? Quite a lot, actually. In the second quarter, the economy contracted by an annualized rate of about 33 percent, while gasoline prices rose more than 12 percent, and...
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Remote Work Is Killing the Hidden Trillion-Dollar Office Economy
09/10/2020 7:25 AMIf remote work has you missing your daily Starbucks cold brew (with 8 shots of espresso), you aren’t alone. According to the coffee colossus, COVID-19 -- and the related fall in foot traffic -- led to a revenue decline of $2.3B last quarter. As highlighted by...
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Bank of Canada is Worried
09/10/2020 6:10 AMSo worried that they are spending $5 billion per week buying government bonds to keep rates down. After $250 billion in fed spending and record low rates we're only back to 70% of pre pandemic levels of...
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Why The S&P 500 Snubbed The Most Valuable Car Company In The World
09/09/2020 8:43 AMThe S&P 500 is an exclusive club of the 500 biggest companies by market cap on the NYSE or Nasdaq, and the inclusion Friday of three new companies to replace three that are outgoing was a big deal--particularly because EV darling Tesla (NASDAQ:TSLA) wasn’t among those...
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Massive surge in risk taking
09/09/2020 7:01 AMOver the last few months, the markets have become engulfed by a palpable feeling of exuberance. I remember the last time investors were engulfed in a near “panic” to invest. It was 1998, where following a correction, the market began a seemingly endless run to the...
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Futures Rebound, Oil Jumps After Relentless 3-Day Hammering
09/09/2020 6:44 AMAfter three days of furious declines in the market culminating with the worst 3-day stretch for the Nasdaq since the financial crisis which entered a correction, stocks rebounded on Tuesday on the back of oversold conditions which approached the March puke... ... as...
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The Parliamentary Budget Officer Issues a Reality Check
09/09/2020 6:30 AMAccording to Yves Giroux it's time to get the deficit under control - and within two years. Which coincides with the Armstrong model for the coming sovereign debt and monetary crisis. But is anyone...
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