Business

Authored by Steve Saretsky via VanCityCondoGuide.com,

Nothing says Merry Christmas like a 27 year low for Canadian housing affordability. That’s right, real estate across Canada has not been this un affordable since the year 1990 per RBC. Spoiler alert house prices tumbled shortly thereafter.

RBC Bank released their updated Q3 numbers for housing affordability. To no surprise, Vancouver leads the nation in the most unaffordable market to buy a home. Followed by Toronto and then Victoria.

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Authored by Tsvetana Paraskova via OilPrice.com,

As we roll into 2018, analysts and investors are more optimistic that the oil market will further tighten next year and support higher oil prices, but rising U.S. shale production will likely cap any significant price gains.

On the demand side, expectations are that global economic growth will support solid oil demand growth.

Ahead of last night's collapse in cryptocurrencies, Ron Paul warned CNBC viewers that they had become an asset thatrivals the bubble he sees in stocks...

"I think it's going to continue to do exactly what it's doing. It's going higher and it's going lower," he said Tuesday on CNBC's 'Futures Now'.

 

"We can look at what's happening now, which to me is a climactic end of QEs."

Earlier this week, as Trump's tax reform was finally being voted through Congress, we showed that in a surprising market reaction, total asset returns - those combination of S&P and 30Y Treasurys - saw their biggest two-day drop since last December, a shock which led to one of the biggest declines for risk-parity investors in months.