Canada In-Recession

[errolanderson]

Bank of Canada may be forced to cut rates into last half 2019 . . . .

Fallout in oil and gas, cooling housing and now outright recession likely to change the economic tune of BOC govenor Poloz (IMO).

U.S. Fed may also cut rates as U.S. economy also slowing in 1st quarter . . . .

[Rareearth]

Errol you forgot to mention the fall off in Agriculture business

[ajl]

Bank of Canada may be forced to cut rates into last half 2019 . . . .

Fallout in oil and gas, cooling housing and now outright recession likely to change the economic tune of BOC govenor Poloz (IMO).

U.S. Fed may also cut rates as U.S. economy also slowing in 1st quarter . . . .

Canuckistan is already in recession and that will be obvious once the Q4 data is revised in a couple of months. You can add now the declining ag industry to the fallout list. The B of C wants to cuts rates because the job of central banking is to produce as much inflation as possible without too much destabilization by keeping interest rates below market. With the current amount of debt out there, interest rates are no where near a market clearing rate but are suppressed continually. The question is will Poloz be able to cut rates in Canuckistan without running the loon so low that we cannot service our $USD denominated debt. For that reason, he may not be able to cut rates and may be forced to raise one more time yet this year.

[fjlip]

Wa, wa sob sob

[bucket]

E. All of the above.

[Oliver88]

E. All of the above.

All on the list and add one more:
-Get the CBC to change the channel to another issue...such as climate change, Trump is bad,etc.

[AlbertaFarmer5]

All on the list and add one more:
-Get the CBC to change the channel to another issue...such as climate change, Trump is bad,etc.

Or Trump, or going to the moon, or look what Trump did, or pardoning Pot offences, or Trump is evil, or look how we actually kept one election promise, or look at what Trump is doing now....

[errolanderson]

Surprise sell-off or reality strikes?

U.S. equities now under heavy selling pressure . . . Data showing sharp slowdown in U.S. construction spending. Recession lures (IMO).

Also, traders questioning talk of U.S. / China trade deal. VIX volatility index may get a jolt . . . .

[bucket]

Surprise sell-off or reality strikes?

U.S. equities now under heavy selling pressure . . . Data showing sharp slowdown in U.S. construction spending. Recession lures (IMO).

Also, traders questioning talk of U.S. / China trade deal. VIX volatility index may get a jolt . . . .

Is it Wisconsin that is now delaying Enbridge's line 3 replacement ????

Is it California that won't allow wind or solar to be built on private land????

Major projects being shitcanned might have something to do with the slowdown...?????

[GALAXIE500]

The world price of oil has never been set in Canada.
Demand for oil has never been higher than right now and the price for oil is a lot lower than the all time high, yet the commentary focuses on demand as the driver for oil prices. There are many other factors that go into the price of a barrel of oil.

One of the bigger factors in the price: TAX TAX TAX!!!