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Friday, August 15, 2014

Canada's Economic and Real Estate Collapse Has Begun!

Canada's housing bubble burst- It will make the
 American housing crash look like child's play.
Investment Watch - S&P downgrades rating for 6 Canadian banks
Moody’s cuts outlook for Canadian bank debt to negative over ‘bail-in’ Regime Bank of Canada cuts forecast amid ‘serial disappointment’ with economy’s recovery
“Right now, we do not have a sustainable growth picture in Canada,”
Canadian housing to start showing signs of easing over next two years, says CMHC
“Valuations are incredibly stretched,” Hodgins said. “The banks aren’t just exposed because of their mortgage businesses, but also due to stretched consumer leverage.
Sources:


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