Canadian Recession Coming Soon (CAD & Oil Plunge) – Prepare Now

canadian-recession-ahead_
In addition to the oil price and Toronto Stock Exchange plunging from its high of 15700 points, now with the surprise rate cut by the Bank of Canada, the CAD dollar is taking a hit and along with that the Canadian Bond yields are going down too….Ouch.

The oil plunge will cause significant problems in western Canada, particularly Alberta which is now seeing huge layoffs in the oil fields and that will have ripple effects to be felt within 6 months.

So, if you are Canadian and reading this, prepare now….reduce debt and have some savings ready in case of loss of employment.

More info, read Global Economic Analysis article:
http://globaleconomicanalysis.blogspot.ca/2015/01/currency-wars-pick-up-steam-today-with.html

by Das Brain

Tags: Canadian, Coming soon, Prepare Now, recession

This entry was posted on Thursday, January 22nd, 2015 at 12:07 pm and is filed under Announcements, Bond Fixed Income, Commodities, Currency, Economy, Job Related, Politics, Technical Analysis, Trading Psychology. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.