Financial collapse and economic stagnation in Canada

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Sat, 2019-01-05 17:57
#1
iyraste1313
Financial collapse and economic stagnation in Canada

Plan to try to cover the spiralling decline here...in preparation for our own movement of desperation for transformation....

 

Authored by Steve Saretsky via VanCityCondoGuide.com,

The correction in the Vancouver condo market is now fully underway after prices peaked at the beginning of 2018.  This should really not come as a surprise given how weak the detached housing market has been for nearly 2 years, and considering the tightness in the mortgage lending space. As as a result, Vancouver condo sales fell to a 10 year low in December with sales plunging 47.5% year-over-year, the sharpest annual decline since 2008.....

...couple this with the forced increases in Bank primary interest rate...where already something like 40% of mortgage holders are in arrears(?)

Issues Pages: 
Economy
Regions: 
CA
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Wed, 2019-01-23 10:43
iyraste1313

Loonie Tumbles After Canadian Retail Sales Crumble

 

Canada retail sales fell 0.9% to C$50.4B in November, according to Statistics Canada (which did not need to ask the US for the data this time). This was well below the expected decline of 0.6% and Retail sales from August to October were all revised downwards.

Sales fell in 6 of 11 subsectors, representing 75% of total retail trade

  • Largest upside contributor on month was the general merchandise category, 0.20 percentage points

  • Largest downside contributor on month was the gasoline stations category, -0.53 percentage points

And the reaction was immediate weakness in the Loonie...

 

 

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