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Death of a cartel: cuts = higher prices= more production= lower prices
Extending the OPEC plus Russia cuts should help bring commercial petroleum inventories down and boost crude prices by a few dollars a barrel in the short-term. But in the bigger picture: OPEC (Canada and other dependent exporters) are likely to … Continue reading
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After the oil-rush, Canadian economy un-diversified and fragile
While some 25% of Canadian GDP has come from realty and related services over the past 7 years, nearly all–s0me 84%–of Canadian economic growth since 2010 has come from abnormally high activity in this sector. As a result, it does … Continue reading
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Credit unions using high-pressure sales to harm customers too
I have never been a credit union member, but I recently saw a billboard outside a local Meridian that was advertising below-market mortgage rates along with above-market dividend yields, with the clear implication that one could borrow to ‘invest’ for … Continue reading
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