Economic Outlook

They Don’t Want You To See This Film

Vivian Krause is Canada’s best investigative journalist (Robert Fife and Terry Glavin honourable mentions).  Her tireless efforts churning through thousands of pages of US tax returns revealed the extent of US involvement in the opposition to Alberta oil and every proposed pipeline. Her new documentary Over A Barrel is a must see and you can do that for free until the end of the month.

Canadian Variable Mortgage Rates Are Rising Very, Very Fast

Despite rock bottom borrowing rates, some Canadian real estate buyers are paying more. Bank of Canada (BoC) numbers show variable rates on residential mortgages made a big jump. Even with borrowing rates generally falling, variable interest mortgages are at a six year high.

Variable Rate Mortgages

Variable rate mortgages are when the borrower sees the interest rate fluctuate. Payments usually stay the same, but the amount that goes towards interest fluctuates. If rates rise during the term, the borrower pays more interest, and less principal. If rates fall during the term, borrowers pay less interest, and more principal. At the end of the term, depending on rates, you may have a bigger or smaller mortgage balance than expected.

Uninsured Variable Rates Are Up Over 26%

Uninsured rates made a very large increase over the past year. The rate paid on new uninsured residential mortgages hit 3.74% in July, up 1.63% from a month before. The rate is now 26.35% higher than it was during the same month last year. Rates are the highest they’ve been in at least 6 years, and likely beats that record for some time….CLICK for complete article

Mike’s Editorial – The Stupidest Election Ever

Noted Laval Economist, Stephen Gordon Calls the Election “the stupidest ever.” That’s an understatement when it comes to economic policy. Whether you’re issue is sustainable healthcare, the high cost of living, poverty or climate change – it all comes down to economics.

They Don’t Want You To See This

Vivian Krause is Canada’s best investigative journalist (Robert Fife and Terry Glavin honourable mentions).  Her tireless efforts churning through thousands of pages of US tax returns revealed the extent of US involvement in the opposition to Alberta oil and every proposed pipeline. Her new documentary Over A Barrel is a must see and you can do that for free until the end of the month.

 

Facebook’s Libra: Does the World Need Frictionless Money?

People typically think of money as something that exists mainly to facilitate the buying and selling of goods and services, or current account transactions. But in fact, one of the major uses, if not the major one, is to facilitate debt, investment, and other capital flows, including across national boundaries. Digital money like Libra, in other words, won’t just be used to buy cups of coffee. Unless strictly regulated, its major use will probably be to facilitate capital flows. This has really important implications—both good and bad—that weren’t addressed in the Libra White Paper . The most important one is that as the digital currency is now structured, the more successful Libra is the more it may facilitate destabilizing capital flows.

I have never been terribly knowledgeable about digital and cryptocurrencies (although like most people living in China, I pay for a lot of things with my WeChat app), but I had drinks at my home earlier this week with the very smart Cristian Gil. He is an old friend who at the turn of the decade started a digital-currency trading company called GSR as a hobby, only to watch the firm morph into a serious business. After our interesting discussion on cryptocurrencies, I decided to read up on Facebook’s new digital currency and try to figure out how it might operate….CLICK for complete article

Global Warning

Investigative documentary filmmaker Mathew Embry takes on the energy industry and the apocalyptic claims of climate activists as the debate grows around the world, including putting the future of Canada at risk. BROADCAST PREMIERE: October 20, 2019 only on Super Channel.