Is your bank safe?
We’re not asking this question in the classical sense such as, safe from armed robbery but rather are you safe from your bank itself? On June 22, 2016 Bill C15 became law along with its controversial “Bail-In Regime”. In…
AB Consumers Continue to Hemorrhage
The rate of consumer insolvencies rose in Alberta in the second quarter of this year by 43 per cent compared to last year, according to a report released by the Superintendent of Bankruptcy Canada at the end of August….
The Sordid Love Affair Continues
Canadian household debt soared to a record high in the second quarter, as rock bottom interest rates continued to encourage heavy borrowing. The ratio of debt to disposable income rose to 167.6 per cent in the three months to June,…
Have bankers gone insane or is it me?
Does anything scream insanity louder than this sign board shown above that was spotted on August 23, 2016 at the CIBC Branch located on the University of Waterloo campus? -Is home ownership for an international student with a study permit and no verifiable…
Delinquent and Angry
As widely reported last week in the mainstream media delinquency rates in Alberta and Saskatchewan climbed higher in the second quarter allegedly due to the fallout from the drop in the price of oil. Equifax Canada reported this past week…
45 Years Ago Today: The Day the Money Died
As many continue to panic over the potential for greater global uncertainty and chaos, based upon Brexit and the upcoming US elections in November one must recognize that chaos and new public policy coming completely out of left field…
Negative Interest Rate Insanity Arrives in Canada
On July 18, 2016 the Canadian Imperial Bank of Commerce (CIBC) became the first Canadian bank to sell bonds with a negative yield. Worse than that the CIBC had no problem selling the debt even though it’s guaranteed to lose…
The Donald or Hillary: It’s Tribal
Naturally with the Republican National Convention taking place this week the fitness of The Donald as President has once again taken the centre of debate on social media, most especially amongst many of my more ‘progressive’ friends and associates. Doomsday…
What does Brexit Signal?
Putting aside the non-stop debate in the mainstream media driven by the sheer terror of the political establishment, government elites, and those with a vested interest in maintaining their positions as members of the status quo the real question…
Alberta Bankruptcies: Storm is a Brewin’
As we reported exactly 13 months ago back in May 2015 when we pontificated that we potentially arrived at an inflection point, the end of the old trend and the beginning of a new trend, for the…