Downgraded growth projections for Canada again! Under 3% for 7th year in a row at 1.2% this year. Next year better but only  2.1% forecast. Lots of problems, perhaps the worst that Canada will be operating next year in a World economy that has been downgraded again.

Don’t miss Michael’s Daily Comment: Who Benefits From a Higher Minimum Wage?

The US 10 year Treasury Bond has just given an indication that interest rates are about to move higher from 5000 year lows. The implications for  economic health as well as the currency, real estate and stock markets will be profound. 

also: SWOT Analysis: Are Gold and Silver Stocks the Best Area for “New Money Right Now”?

Chart Courtesy of

The line-ups for health treatment has grown to 18.3 weeks, double since 1993. Why? Not enough money in our medical system. Now there is a movement to prevent you spending your own money on treatment. Sorry, you’ll have to stay sick for 4 1/2 months to protect the “system” they say. Just like the only other country in the world that forbids private health care….. Communist North Korea!

….from Martin Armstrong: WHY 2017 is The Threshold to Chaos

Record low interest rates, a 25% devaluation of the loonie and an oil price rebound wasn’t enough to rescue the Canadian economy.

… the bigger picture from Martin Armstrong: Sovereign Debt Crisis – Banking Crisis – Derivative Clearinghouse Risk

…and from Michael infrastructure spending on golf courses:  A Gov’t Spending Lesson in Futility

In a superb lesson in market timing, after all of the howls of protest peaked and Vancouver passed a law to make housing more affordable sales have just collapsed.

The law has barely taken effect and recent numbers released show single family Vancouver home sales down over 70%. Down 86% in the suburb of Richmond!

It is going to be expensive for some people. Is it a bear market or correction?

…more from Ozzie Jurock: The Shocking Drop in Vancouver Real Estate