Five things wrong with Canada

A former Wall Street trader says there are five challenges facing Canada’s economy:

  1. A series of policy errors made by the Bank of Canada after the financial crisis.
  2. Home prices in Canada have risen even more dramatically than in the U.S.
  3. Current consumer debt levels rival those in the U.S. eight years ago.
  4. The loonie is overvalued based on interest rate differentials.
  5. Canadian bank stocks are highly overvalued.

Jared Dillian, editor of The Daily DirtNap and author of Street Freak: Money and Madness at Lehman Brothers joins BNN to share his thoughts on Canada’s housing market, debt levels and the BOC.

via BNN Video

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