Category Archives: Main Page

Housing bust and tariffs hitting highly leveraged economy

Posted on May 15, 2025 by Danielle Park

The spreading downturn in real estate is the typical and foreseeable mean reversion of the speculative mania that prevailed through the years of near-zero interest rates. The condo market in two of Canada’s big cities has taken a major downturn. … Continue reading →

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Mayhem continues

Posted on May 14, 2025 by Danielle Park

A 90-day pause on embargo-style US-China trade tariffs has revived bullish spirits. The large-cap S&P 500 (black below), with its one-third weight in tech companies (“Magnificent Seven” companies in orange), has rebounded 18% since April 8—now flat year to date … Continue reading →

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Canadian unemployment looking even more recessionary

Posted on May 13, 2025 by Danielle Park

The Canadian unemployment rate rose to 6.9% in April (from 6.7% in March). Outside of the 2020 COVID shutdown, this was the highest level since January 2017 and up 210 basis points from the July 2022 cycle low of 4.8%. … Continue reading →

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