Two days ago we introduced you to "the rich kids of Vancouver" for whom the most important decision in any given day is whether to spend half a million dollars on a new Lamborghini or on an investment such as "two expensive watches or some diamonds."
From left, Loretta Lai, Chelsea Jiang and Diana Wang attended a receptionat a Lamborghini dealership last month in Vancouver, British Columbia
An assisted suicide bill has been put before Canada’s Parliament and if passed will allow doctors to help terminally ill patients end their own lives. However, the new bill will exclude foreigners from coming to the country to die. However, According to BBC News: People with mental illness and psychiatric disorders are excluded too. Last year, the Canadian Supreme Court struck down a law banning doctors from helping someone die. This bill, which is backed by Prime Minister Justin Trudeau, must now be studied by committee and then voted on by both House and Senate.
By now, the only people in the world who are not aware that Vancouver has been overrun by Chinese "hot money-parking" oligarchs, who rush to buy any and every available real estate leading to such grotesque charts as the following showing the ridiculous surge in Vancouver real estate prices...
Roughly around the time the market troughed in early February, we asked "After The European Bank Bloodbath, Is Canada Next?" The reason for this question was simple: we said that "when compared to US banks' (artificially low) reserves for oil and gas exposure, Canadian banks are...not."
Stated otherwise, we warned that the biggest threat facing Canada's banking sector is how woefully underreserved it is to future oil and gas loan losses.
Submitted by Colin Chilcoat via OilPrice.com,
The United States and Canada work well together. The countries share the world’s largest and most comprehensive trade relationship, exchanging more than $2 billion per day in goods and services; the U.S. is Canada’s largest foreign investor and Canada is the third-largest foreign investor in the U.S. The partnership clearly isn’t broken, but it may need some mending as bilateral and international gas trade stands to complicate matters in short order.