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Oil-shock meets asset price deflation

Canada’s economy has generated no economic growth in five months and no job growth in eight months. Meanwhile, the household wealth effect is in reverse, with home sale prices nationally down 20% over the past 4 years and the stock … Continue reading

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Private equity has leveraged insurance companies’ balance sheets

Over the past decade, private equity has leveraged insurance companies’ balance sheets, increasing financial risk for all of us. Read An Open Letter to Speaker Johnson. The essay goes into specific numbers. Here are some of the big picture implications: … Continue reading

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Canadian real estate crash has staying power

BMO Capital Markets is warning that Canadian home prices haven’t moved in nearly a decade, once adjusted for inflation, and are now in the midst of the largest correction since the 90s. Unfortunately, years of prices leaping far beyond increases … Continue reading

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