EWC is an etf ticker for Americans. The Canadian market has still not reacted much to the economic crisis, they seem more delusional than Americans and Crypto even. But the GDP of Canada is approximately 15-20% based on their real estate, which is 20x the median salary in many places.
>I have puts on EWC. This IS financial advice.
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Canada wasn't affected by 2008 either retard. Contrary to popular belief we have been trying exit hatch from the USA since 2002 after the 9/11 mini crash almost destroyed us.
EWC crashed like 50% during 2008. But that's irrelevant. This crash will be bigger than 2008 for Canada, since their real estate is far more inflated than the US real estate was at the peak of 2008. Canada still hasn't gotten their real estate crash, and the population has gotten complacent that "line only go up".
it's literally because oil&gas co's carry the TSX. shorting the tsx is shorting oil
Nigger, if you short this shit to the ground, I will consider you a fucking hero
Tempting. I might load up on more puts.
imagine how insulting it would be if she just started casually shitting in those panties.
Canada produces oil retard. Short Japan or some place in the eurozone. Not Canada.
Turdo won't let Canadian real estate EVER drop. He will flood the market with 800k Poojeets annually forever to prevent this from happening.
Brown people migration is Canada's version of money printing. Just creating value from nothing.
>Not shorting oil at the peak.
Also, there are plenty of non-oil components like banks which own Canadian real estate. Check the graph from 2008. There is more than enough exposure to Canadian real estate to ride a bubble pop into the ground, even if oil holds fast (which it never does in recessions).
The majority of Canadian real estate is owned by Canadian boomers, not immigrants. And good luck getting pajeets when there are no longer jobs for them.
Godspeed
Sure, but the landlords are complicit. They don't mind 18 quintillion jeets coming in, it's just more demand for housing, and the jeets get gov subsidized housing so it's all good from the landlord's perspective.
It's not the peak of oil until the US and other companies supporting ESG capitulate and start investing in it again.
Didn’t you guys have a giant red panda react to 9/11 during that time?
I already got a call credit spread
There is a good chance that Canada doesn't get affected but consider that Canada is like that one guy that will not risk his liquidity on assets that have not proven themselves - not a risk taker but an insurance policy holder and lawyer retainer.
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Canada's economic policy is beyond retarded, but it's economy is very easily controllable with it's natural resource trade. Canada's main industry is energy which is basically the only economic safe-haven at this point.
Going to be interesting to see how many Pajeets flee the moment they realize they have negative equity debt of hundreds of thousands in their Toronto condos.
>be me
>middle class family in Toronto
>living like we're broke
>parents only buy shit on sale now and refuse to buy at full price
what province should I move to (mostly white)? And don't say BC
that was because we actually had people with some economic sense in charge and oil expansion was in full swing. Not the case this time
Short fidels faggot son
long truckers
honk honk
Man, Sask, Alta. Effectively the prairies. But there might be some offsets that will trade off everything to end up being the same. And if that's not your cup of tea. PEI, NB or SB as they're like the prairies but the $/sqm in real estate will jump and maybe everything else.
You think if things crash in Canada
They will in the US next?
>Canada wasn't affected by 2008 either retard.
Canada is a more successful Saudi Arabia (but less successful than Norway). A significant portion of their economy is natural resources. The oil of Alberta kept Canada afloat in 2008