RE:RE:RE:RE:RE:RE:RE:RE:RE:New Press Release - goeasy Ltd. Announces Pricing of US$400 Million of Senior Unsecured NotesIn Canada 23% of PPL are skipping meals. 90% of ppl under 35 can't afford a home and don't. Housing starts have crashed.
We have a massive seperation in the have and have not's. You either have low housing cost or you don't. And wait till the under 2% have to refinance.
Where is the relief?
I don't see it till housing breaks here in Canada. Boc will stay high to long and break the economy. High interest rates only hurt the type on ppl using GSY services.
Many data points show GSY clients will come under even more pressure in the near future.
Not that I don't like GSY but I don't see the bull case near term to hold.