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Cory’s Chart Corner
Humans just repeat the same old themes decade after decade. Today there is far more debt to service, thus greater financial impact on spending. Ask Walmart's CEO if he's noticed any change in consumer behavior while the U.S 10 years hits 5%.
Don’t forget in April of 2007 10 year hit 5.3% and by October of 2008 they were 2%.
Monthly Archives: October 2020
Ottawa to declare petro-plastics toxic to health–because they are
Today, Canada’s federal government is expected to release a list of banned single-use plastic items and a plan to designate plastic a toxic substance–defined under CEPA as those that cause, or may cause, immediate or long-term harm to the environment, … Continue reading
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Canadian household insolvency deferred but growing
Douglas Hoyes, licensed insolvency trustee and co-founder of Hoyes, Michalos & Associates, joins BNN Bloomberg to provide his forecast for Canadian insolvencies. He notes, a second wave of COVID-19 and taxes due on CERB benefits could result in a gradual … Continue reading
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Condo in the coal mine
Plunging rents and rising vacancies are a bad combo for levered owners. Toronto’s thriving housing market is beginning to show signs of strain, particularly in a condo segment suddenly flooded with new listings. September data from the Toronto Regional Real … Continue reading
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