From Peter Diekmeyer: The World Economic Forum consistently ranks Canada’s banks among the world’s safest. Competent regulators have overseen stress tests, tightened lending standards and delinquency rates are low.
Canadian banks have been perhaps the biggest beneficiary of the country’s massive housing boom, with the financial giants taking on more and more debt in order to meet surging mortgage demand.
A number of ETFs hit new 52-week highs this week, which isn’t unexpected as the major indexes hit multiple all-time highs. Let’s take a look at some of the standouts amid the relentless bullish action.
Investors worried about how domestic markets will react to next month’s election can instead look north to Canadian equities, which are easily accessible in the ETF space.
In a piece of news sure to roil the Canadians markets, Statistics Canada reported that Canadian household debt exceeded the country’s gross domestic product for the first time in history.
From Michael Snyder: Things have not been this bad for the Canadian economy since the last global recession. During the second quarter of 2016, Canada’s GDP contracted at a 1.6 percent annualized rate.
From ETFgi.com: Canadian-listed exchange traded funds are seeing incredible growth this year, with July posting another new record in assets under management on very strong year-over-year gains.
Tyler Durden: Vancouver’s real estate market is collapsing, and it may be a bad sign for the Canadian economy at large.
With over $10 billion in inflows through the first half of this year alone, Canadian ETFs have now crossed the $100 billion mark, as exchange traded funds continued to dominate the global investing landscape in terms of growth.
Tyler Durden: Moments ago, the Bank of Canada’s chief finally said what we had been patiently waiting for over the past several months: admission that Europe’s experiment with negative rates is about to cross the Atlantic.
NYSEARCA:RSX, NYSEARCA:NORW, NYSEARCA:EWC