Monday, December 28, 2015

Challenges to Canadian Economy 2016

 Snares to Canadian economy

This Huffpost article points to six traps that could cause the Canadian economy grief in 2016. Among the list of potential snares includes the fact investors have been 'shorting' Canadian stocks, banks, Loonie, real estate and anything else they can get against. That is why the Loonie is where it is at and the TSX loosing 12% this past year.

Also highlighted was the fact nearly 300,000 Canadian families have dangerous levels of debt. With a 30% decline in house prices 294,000 Canadian households would be under water. Mortgage fraud and other housing shenanigans are listed as another threat to our economy.

The article goes on to claim that the OPEC cartel are flooding the market with cheap oil in an attempt to but US shale out of business.

allvoices

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