Canadian Stocks Enter 'Correction' - Drop 10% From Highs

Tyler Durden's picture

No one is immune when the tide starts to turn... not even the Canadians.

 

 

Charts: Bloomberg

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madcows's picture

Canada has a stock market?  Those crazy cannucks, trading logs, shale and junior hockey stats.

Bindar Dundat's picture

FxCK you Yankee!   You know what a yankee is -- it's a quicky but your by yourself because nobody likes you.

Bindar Dundat's picture

Well one thing is for sure we share one serious problem -- our borders.  

Both the U.S. and Canada have uneducated, ignorant freeloading bums on our southern border that want to escape into our country for a better life.

I share your pain Yankee.  

Ralph Spoilsport's picture

Canada is a beautiful country with great people. It's just too cold most of the year for the FSA bums.

LULZBank's picture

Canada is a beautiful country for its great people.

Leave the rest of us out of it.

BobPaulson's picture

As a Canadian I would say our biggest weakness is our rabid defensiveness and strange effort to deny we are the most like Americans of any country in the world. It comes from most of the key events in English Canadian history coming from specific divergence from the US. It is weird that we define ourselves very heavily on what we are NOT, even though to the rest of the world we are so similar.

falconflight's picture
perspicacious comment, if you don't mind me saying.
TahoeBilly2012's picture

Who are really out of sync are teh Brits, who are the original Zionist world empire and think they are some free thinking intellgentsia. Gotta love the London music crowd, damn near as ignorant as the Hollywoods idiots.

TheAnalOG's picture

We speak as Canadians.  We can tell you that the majority of Canadians (at least those in urban centers in the east) are a bunch of smug douchetards that think they are morally and intellectually superior to everyone.

Abbie Normal's picture

How many Canadians does it take to change a lightbulb?  Depends on where you are:

- in most of Canada, it only takes one

- in Calgary, it takes 3 -- one to change the bulb and 2 to reminisce about the '88 Olympics

- in Vancouver, it also takes 3 -- one to change the bulb and 2 to sell/buy the house that contains it

- in the Maritimes, it takes 2 -- one to change the bulb and one to get the pogey cheque

- and in Toronto, it takes all 33 million -- one to hold the bulb and the rest of the country to rotate around them

The Limerick King's picture

 

 

An ode to us listless Canucks

Our markets are hemorrhaging bucks

We haven't got fear

We're too drunk on beer

Our traders are out hunting ducks

U4 eee aaa's picture

Last line:

While sit and watch ice hockey pucks

angel_of_joy's picture

There is no fucking difference between WA and BC when you cross the border, except for the flags. Even the uniforms of the border agents are pretty similar...

Abbie Normal's picture

...except for the lack of guns.

Christophe2's picture

A key aspect of Canadian propaganda (on the news, etc.) is to make ppl think that things are vastly different and better in Canada than in the US, when in fact it is the

  • same corruption
  • same endless wars abroad
  • same pedophile elites raping kids all year long
  • same police forces designed to look the other way
  • same distractions (booze, porn, shopping, pro sports, same TV shows mostly, etc.)
  • same pedophile priests
  • same shitty schools
  • same shitty sellout pill-pushing corporate doctors
  • same Israel-first sociopath politicians
  • ...

I guess the one advantage of Canada is that we are generally always just 20 years behind the US, misery-wise.  So yes, things for common people are 5-10% better as always, but experience tells us that we are just following behind the US, so even if things are a tiny bit less shitty here, we know it will only get worse from now on (if things go according to TPTB's plans), and so we just need to look south to get a sense of what's coming in the next few years.  Fucking Canada!

disabledvet's picture

Welcome to our misery then.

Sorry.

sylviasays's picture

Median income in Canada pulled into a tie with median United States income in 2010 and median Canadian income has surpassed the median United States income since then. 

http://www.nytimes.com/2014/04/23/upshot/the-american-middle-class-is-no...

Thanks dictator Obola! 

TahoeBilly2012's picture

So  similar as to both be Rothchild debt slave holes of the first order, willing to do whatever the pretty people on TV tell them to do.

sylviasays's picture

"A key aspect of Canadian propaganda (on the news, etc.) is to make ppl think that things are vastly different and better in Canada than in the US, when in fact it is the same Israel-first sociopath politicians"

Canada also seems to have the same radical Islamists

http://www.torontosun.com/2014/02/14/radical-islam-is-on-the-march-in-ca...

 

zerohedgejjxxzz12's picture

Canadians,  we are the most like Americans than people from any other country because we have been fed the MSM from the US since approx 1973,  We watch American television networks supplied by our cable companies.


Osmium's picture

Been to various parts of Canada.  Most of it was nice, but in order to afford a house, you have to eat Kraft Dinner and not much else.

Son of Loki's picture

House prices up there soared out of sight same as Australia and NZ and for many of the same reasons.

 

owensdrillin's picture

Depends where you are. The interior of British Columbia has had falling real estate prices since 2007. Seems like it has bottomed but has dropped approximately 40% in the area I am in. Granted the prices went way too high in the first place. Average home is now $150,000 to 200k

Major markets had small downturn six or seven years ago and then continued up. Undoubtably due to our wide open immigration policy and the influx of Chinese money. However, there is a problem in Vancouver where a good percentage of houses sit vacant. One of the mayoral candidates has proposed a separate tax on vacant properties.

robertocarlos's picture

Eliminate income, beer, cigs, and sales taxes. Just have a property tax like Texas and you would get my vote.

robertocarlos's picture

Me too but I almost always over cook the noodles and they are limp because they are low grade.

rejected's picture

That was pretty good. And you are correct.

Bindar Dundat's picture

Yes that was good and oh so accurrate.  Peace everyone I am the biggest fan of the Americans here in Canada and I just like to poke you once and awhile so you do not take us for granted:-)

But I am a fan of the people  -- not the Government.

 

madcows's picture

that's funny shit.

Hey, no more than three taps next time you take a piss, okay ben.

asscannon101's picture

Yeah, you would like to fuck me wouldn't you? You'd never go back to farm animals again, I'll tell you that much...

steelrules's picture

Bindar, I down voted you and I'm a Canadian, America is full of good people, it's their theiving lying terrorist government that's the problem.

FieldingMellish's picture

World's largest market for PM miners. If you are a regular here, you should know that.

loregnum's picture

don't forget maple syrup you hoser. we mass produce it here in our igloos while saying 'eh' at the end of every sentence. 

frankly scarlet's picture

Yeah... and the Canadian market is not for the faint of heart or the stupid. Each province regulates it's trading forum as there is no national regulatory body watching out for your backside. The Canadian market is known internationally as a "wild west" operation, especially outside of Ontario and the Toronto exchange. Buyer be very aware and the local big five banks are up to their eyeballs in all of this.

Doubleguns's picture

Give away one free tree hugger with each ton of logs. 

oddjob's picture

Each ton of logs?.......you have over estimated the export market for twigs and sticks.

the not so mighty maximiza's picture

going to buy maple syrup by the drum

TradingTroll's picture

Burger King buying Tim Hortons was more than we could take.Actually we sold it at the top.

 

 

Drummond's picture

i met a Canadian once. Couldn't hold his drink. Ha ha.  Ha ha. Yeah it's all coming back now...

Cold Grub's picture

I'm a lumber jack and I'm ok, sleep all night and work all day.  EH

skbull44's picture

I cut down trees, I skip and jump,
I like to press wild flowers.
I put on women's clothing,
And hang around in bars.

http://olduvai.ca 

SheepDog-One's picture

Looks like a tropical shit quake blew through Canada! It's fuckin Laheys fault that drunk bastard!

Sages wife's picture

Ricky for Prime Minister!  Or whatever they call their lying, criminal puppet.  (He got his grade 10.)