Standard & Poor’s Ratings Services has revised its outlook from stable to negative on seven Canadian banks over concerns about unsustainably high home prices and consumer debt levels. The New York debt-rating firm revised its outlook downward on Royal Bank of Canada (TSX:RY), Toronto-Dominion Bank (TSX:TD), Bank of Nova Scotia (TSX:BNS), National Bank of Canada […]
The Education Bubble: How Will It Impact The Canadian Housing Bubble?
In 1980, a full year of arts and science cost $655.00 In 1990, a full year of arts and science cost $1344.00 In 2010, a full year of arts and science cost $4900.00 That is an increase of almost 650%. To put that into perspective, housing inflation since 1980 has increased by 350%, while inflation has […]