Canada’s Real Estate Bubble Is So Big Even The Mother Of All Crashes Can’t Fix It
01/25/2022 11:26 AMCanadian real estate is now some of the most expensive in the world. Home prices across the country, not in pricey hubs, are now comically overvalued. At this point, not even a major housing crash can restore affordability. Many think this is pandemic-related, but...
read more
Peter MacKay: It’s absurd for Trudeau to let China buy a Canadian lithium firm — especially without a security review
01/24/2022 2:09 PMThe Liberals must stop rewarding Beijing’s unconscionable behaviour For some time now, it has seemed as if Canada’s foreign policy approach toward China has been similar to that old Abbott and Costello baseball shtick of “Who’s on First?” That is to say, Ottawa’s...
read more
Trading Desk Notes For January 22, 2022
01/24/2022 10:51 AMThis was the worst week for the leading stock indices (including the TSE) since the February/March 2020 meltdown Market sentiment is extremely bearish, and markets are extremely oversold. Significant “technical support” levels have been broken. With the markets...
read more
Quote of the Week, Shocking Stat & Goofy Award
01/23/2022 11:56 AMQuote of the Week Lyn Alden, one of the top macro investment analysts will anger some people with her observation that when it comes to taking action on climate change - the emperor has no clothes. Shocking Stat Is the healthcare debate over the use of private care...
read more
Mike’s Comment – Jan 22nd
01/23/2022 11:45 AMGo figure. Polls say that Canadians' biggest worry is rising prices but many of the same people support climate policies that are guaranteed to push prices...
read more
January 22nd Episode
01/22/2022 8:26 AMThe bond markets crumbling, stocks are falling - why? Davis Rea's chief strategist John Johnston joins Mike to talk about the dramatic shift in the investment environment while Ozzie talks about the impact of higher interest rates on housing. The quote of the week is...
read more
Cryptocurrencies tumble, with bitcoin falling 10% and ether down 13%
01/21/2022 1:21 PMBitcoin prices fell sharply on Friday, while ether prices also dived, wiping off nearly $150 billion from the crypto market. Bitcoin fell about 10% and was trading near $38,330 on Friday, according to Coin Metrics. Ether, the second-largest cryptocurrency by market...
read more
An Indonesian 22-year-old makes $1M by selling NFT selfies on OpenSea
01/21/2022 12:54 PMAn Indonesian college student has reportedly become a millionaire by selling nonfungible token (NFT) versions of his selfies on the OpenSea NFT marketplace. Sultan Gustaf Al Ghozali, a 22-year-old computer science student from Semarang, Indonesia, converted and sold...
read more
Canada Sees Oil Investment Rise 22% In 2022
01/21/2022 12:04 PMInvestments in crude oil this year in Canada could rise by as much as 22 percent, according to the Canadian Association of Petroleum Producers. While this is an improvement over 2021, the expected spending total of US$26.2 billion (C$32.8 billion) is still much lower...
read more
Tilbury LNG plant expansion moves to environmental assessment phase
01/20/2022 11:42 AMThe FortisBC Tilbury natural gas plant has moved ahead another step towards expansion. Both the federal and provincial governments decided last week to move forward with environmental assessments of the proposed project to build a new storage facility and expand...
read more
