Yesterday we reported that Investors Group Real Property Fund may be in trouble because the fund was assigned a “Mechanics Lien Notice” for improvements made to their vacant property at 5201 Ladner Trunk Road in Delta, BC. We insinuated that the fund may be having cash flow problems since they had not paid their bills.
Today [...]
Canadian Stock Talk
Category Archives: Economy
Investors Group Real Property Fund Smoking – Part 2
Investors Group Real Property Fund Smoking!
No fire yet, but Investors Group Real Property Fund may be in trouble. The Property Fund was assigned a “Mechanics Lien Notice” for improvements done at 5201 Ladner Trunk Road, Delta, BC. This is the site of what used to be a Boston Pizza before they pulled out. The building has plastered windows at this [...]
Canadian Dollar upgraded to Safe Haven Currency Status
The number of analyst reports predicting that the Canadian Dollar will appreciate against the US Dollar was dwarfed today by Russia. The Russian Central Bank just announced that they will be diversifying away from US Dollars and one of the major replacement currencies will be Canadian Dollars.
It’s not often that Canada makes headlines in the [...]
Another Historic Bankruptcy: CIT Files for Bankruptcy
On Sunday Afternoon CIT Group (NYSE:CIT) finally filed for Chapter 11 Bankruptcy Protection. If you have been keeping up with previous posts on this blog then you know that this is the beginning of the next economic shoe to drop on the World Economy. This is estimated to be the fourth-largest bankruptcy filing in U.S [...]
US GDP Estimates
Gross Domestic Product (GDP) will be the driver of the stock market on Thursday. Expect to see little movement or volume in the market until the numbers are announced by the FED. The consensus among analysts is that GDP growth for the third quarter of 2009 should come in around 3%. If GDP comes in [...]
Google Predicts End of Recession?
Google (NASDAQ:GOOG) has recently been touted in the media for the company’s accuracy in displaying real time infection data for H1N1 (Swine Flu). If you go to Google Maps there is an application that tracks the number of people searching for symptoms for the illness. It’s pretty amazing that the graphical representation of this data [...]
The Next Economic Shoe to Drop on the World Economy
Economic Crisis: U.S. Commercial Real Estate is next to put a huge dent in the Economic Recovery.
Everyone remembers the destructive mortgage practices that lead the US Housing collapse that triggered the Global recession. These mortgage products were not limited to Residential properties, many loans were provided using the same teaser rates for Commercial properties and [...]
