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Making Economics Meaningful – How Official Inflation Figures Obscure Reality

Since 2008 (that evergreen financial milestone) central banks have tried to stimulate economies by keeping borrowing rates extremely low. The idea was that people and corporations would be encouraged to borrow and spend money since the cost of that borrowing would be so cheap. This would eventually stimulate the economy through growth, help people get […]

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2017 – The Year Ahead

Many of you won’t know this, but my father used to sky dive. He’d stopped by the time I was born (reportedly because my mom had a natural aversion to life threatening hobbies) but in many ways his hobby would be a reoccurring source of guidance for life lessons. For instance, whenever I was nervous about doing some […]

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Cities Are Hurting Your Retirement

The Economist endorses the Walker Report! Well not really, but they have joined my cause on the problems we face with regards to urbanism and increasing urban density. It’s not everyday that you can say that the economist endorses your position (even if they don’t know it) but in early April my constant nagging about the insane […]

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It Doesn’t Matter if There Isn’t A Real Estate Bubble

Last week I published a piece on the dangers of the housing bubble in Canada. It caused a stir with a number of clients and followed many articles over the past two years about our concerns with the Canadian economy. But on Wednesday I was at an industry lunch with another group of advisors talking […]

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Canada’s Housing Bubble Will Burst & We’re Not Ready

On Saturday a small book was released nation wide that made a big claim, Canadian housing prices are poised to drop between 40% to 50%. Written by a financial advisor in Edmonton, Hilliard MacBeth, When the Bubble Bursts is a grim and insightful polemic about both our obsession with housing and the danger such high valuations […]

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Why it’s so hard to see a financial correction when its staring you in the face

If you’ve been following this blog, you’ll have noticed how I am regularly concerned about the state of the Canadian economy. And while I maintain that I have good reason for this; including fears about high personal debt, an expensive housing market and weakening manufacturing numbers, the sentiment of the market isn’t with me. As of […]

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By the Numbers, What Canadian Investors Should Know About Canada

I am regularly quite vocal about my concern over the Canadian economy. But like anyone who may be too early in their predictions, the universe continues to thwart my best efforts to make my point. If you’ve been paying attention to the market at all this year it is Canada that has been pulling ahead. […]

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Canada’s Economy Still Ticking Along, But Don’t be Fooled

This year the Canadian markets have been doing exceptionally well. Where as last year the S&P/TSX had been struggling to get above 2% at this time, this year the markets have soared ahead of most of their global counterparts. In fact the Canadian market triumph is only half of this story, matched equally by the […]

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Economists Worry About Canadian Housing Bubble, Canada Politely Disagrees

This week the Financial Times reported that “Canada’s housing market exhibits many of the symptoms that preceded disruptive housing downturns in other developed economies, namely overbuilding, overvaluation and excessive household debt.” These comments made by economist David Madani have been repeated and echoed by a number of other groups, all of whom cite Canada’s low […]

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