Month: March 2018

Pending Credit Market Dumpster Fire?

Moody’s Investors Services joined the Bank of International Settlements (BIS) and S&P Global Ratings this month warning that Canada’s banking system, dominated by the Big 5, is facing a growing threat of souring consumer loans amid rising interest rates.  Canada’s ratio of household debt to disposable income reached a record 171 percent in Q3 of…

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The 1.8 Trillion Dollar Millstone

Canadians’ collective household debt has climbed to $1.8 trillion as the Bank of International Settlements (BIS) sounded an early warning that the country’s banking system is at risk from rising debt levels. China, Canada and Hong Kong are among the economies deemed most at risk of a banking crisis.  Yes, you read that right.  Not…

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Alberta Economic Outlook 2018

All signs point to growth for Alberta’s economy in 2018 with non-energy sectors poised to perform well, particularly agriculture, agri-foods, tourism and technology. Still, challenges continue, with the unemployment rate stubbornly high and some businesses in the province struggling. Late last month ATB Financial released its first  Alberta Economic Outlook of 2018, providing insight into what…

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