David Malin

Canadian restructuring and insolvency professional with a focus on distressed M&A

[Peter St Onge, Ph.D. @profstonge]

Canada’s trade war just got real as Jeep pulls $13 billion project — it’s biggest in history.

One in five Canadian jobs export to the US. But instead of making a deal, “elbows up” Carney spins goofy fantasies about green energy and the EU.

[Steve Saretsky @SteveSaretsky]

This is a crazy chart. Business confidence in Canada has collapsed to decade lows.

[Ron Butler @ronmortgageguy]

Lousy Employment News = Good Mortgage Rate News But The Future Of Canada's Private Sector Economy Looks Awful

The Unemployment Rate in Canada rose to 6.8% sending 5 - Yr Canada Bonds down (over 40 BPS drop in 10 days)

Will the Bank of Canada cut 50 BPS next Wednesday?

2/

[Marc Nixon @MarcNixon24]

#WATCH Do you want to be ahead of the curve? Then you’re not going to want to miss this valuable and crucial update.

The latest Bank of Canada interest rate cut and its impact on the Canadian economy and real estate market. #BankOfCanada #InterestRates #CanadianEconomy #RealEstate #Inflation #MonetaryPolicy #Canada2024 #FinancialNews

[red pill rick @igetredpilled]

“Recession-like”

So, it’s like a recession but since they haven’t admitted it yet it’s not a recession.

[red pill rick @igetredpilled]

🚩Canada just DOUBLED the Sahm Rule.

In Aug 2024, the 3-month moving average of unemployment rate jumped a full +1% from the 12-month low.

Since 1978, this has happened five times - one time per recession.

Unemployment has taken off and it’s en route to the stratosphere.

[Martin Pelletier @MPelletierCIO]

Listen to this folks. From CBC. 9 years under Trudeau and our economic productivity has fallen not just below the U.S. but will now be lower than most of our OECD peers. Enough is enough.

[Peter St Onge, Ph.D. @profstonge]

We just got a big recession signal when the yield curve went normal.

What the heck does that mean, and why does it matter?

[Peter St Onge, Ph.D. @profstonge]

Second jobs miss in a week panics the Fed.

Even mainstream media is admitting the Fed screwed up, pumping out $7 trillion in fresh money during Covid.

Then strangling the real economy to cover it up.

[BNN Bloomberg @BNNBloomberg]

Canada’s unemployment rate approaching ‘worrying levels’: senior economist https://t.co/bqKeMdIY8t

[Better Dwelling @BetterDwelling]

During the Great Recession, 🇨🇦's unemployment rate hit a high of 8.7% in 2008.

🇨🇦's largest city currently has an unemployment rate of 8.0% & others are doing worse.

Canada Sees Unemployment Rise To Deep Recession Levels In Big Cities

#ToRe #VanRe

https://t.co/mXIxkMvUd6

[Peter St Onge, Ph.D. @profstonge]

Jobs collapse as job openings crash by *half a million* and layoffs soar to 1.8 million.

Here come the panic cuts.

[Bravos Research @bravosresearch]

Credit card defaults are now rising FASTER than the 2008 Financial Crisis

The situation is worse than you think

A thread 🧵

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Canada's youth unemployment rate rises to 14.2% in July, its highest since September 2012 excluding the pandemic.

Among young men, the unemployment rate jumped 1.3percentage points in July, to a whopping 16.0%.

This is a massive 5 percentage point jump since the start of 2024.

Nearly 2 in 10 young men in Canada are currently unemployed.

Overall, Canada's economy lost -2,800 jobs last month, marking the 2nd straight monthly drop.

What is happening in Canada?

[Peter St Onge, Ph.D. @profstonge]

Canada is headed for its worst decline in 40 years as economy fails to recover from the pandemic.

Under Trudeau, incomes are West Virginia level, house prices are Los Angeles level, and a middle class family might pay *half* their income in taxes.

7 in 10 Canadians now think that “Canada is broken” — rising to 8 in 10 of the young.

Almost half of Canadians are considering moving to another country.

Rarely has a country fallen so far so fast.

[Alf @MacroAlf]

The Canadian economy is in trouble.

Thread.

1/

[Better Dwelling @BetterDwelling]

Canadian Consumer Spending Intentions Lag Global Peers

#ToRe #VanRe

https://t.co/f2KZ79O5rO

[Alf @MacroAlf]

Bank of Canada hiking again.

I feel the urge to share this chart: Canada today has more private sector debt than Japan at the peak of the 1990s real estate bubble.

Not sure how this ends well for the Canadian real estate market and economy.

[Better Dwelling @BetterDwelling]

A Global Hard Landing Is Now Expected, Worst Outlook In Decades: IMF

#ToRe #VanRe https://t.co/ZAJQp8Y82u

[Nouriel Roubini @Nouriel]

An economic & financial hard landing has been my baseline for over a year now. Now it is clearly unavoidable. Economic stability & fighting inflation require raising policy rates much higher. But now financial stability risks require lower policy rates. So we will great a crisis