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Trouble's brewing in Canada

Business Insider - 28 Aug 2016 19:00
Trouble's brewing in Canada REUTERS/Victor Fraile There’s trouble brewing in the Great White North. Jared Dillian, former Lehman Brothers trader and noted financial writer, says that low oil prices have hurt the Canadian economy and the real estate market is near the peak of a massive bubble. In a video interview with Mauldin Economics, Dillian notes he shorted the Canadian dollar almost three years ago, and has profited a great deal since then. He also says the structure of the Canadian mortgage market means that when t...
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