The MacroTourist

The MacroTourist

TOUGH DAY TO BE CANADIAN

Kevin Muir's avatar
Kevin Muir
Apr 26, 2017
∙ Paid
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Today is a tough day to be Canadian.

Coming just a few days after the Ontario government made the atrociously timed decision to impose a foreign buyer tax on Toronto real estate (The world’s worst market timer), this morning, alternative home lender, Home Capital Group, announced they were forced to borrow $2 billion at a 10% interest rate to fund their …

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