The Bank of Canada has announced today that it will leave its key policy rate alone at 1% for the time being. It notes that employment has risen and the Canadian economy is moving towards full capacity but it does not want to disturb the growth that has been realized this year after experiencing slower […]
Bank of Canada Announcement Shows Caution Read More »
Much has happened with interest rates, the lending market and investing since our last update several weeks ago. We thought it important to wait and confirm this week’s move by the U.S. Federal Reserve (the U.S.’s equivalent of the Bank of Canada) before further comment. Here is what is important to know: 1.) On
U.S. Fed & Trump More Important to Canadian Rates than Bank of Canada Right Now Read More »
by Theophilos Argitis and Greg Quinn, Bloomberg News Canada is raising minimum down payments on some government-insured mortgages, a move aimed at curbing the risk of a housing crash in Toronto and Vancouver where high prices are leaving some families at risk from heavy debt loads. Finance Minister Bill Morneau announced the plans on Friday
Feds Raise Down Payment Requirements Read More »
People will often wonder why the US has such a big impact on Canada’s economy. Here in a few short words Peter Hall, Chief Economist of EDC sums it up from a global perspective: Per capita, American consumers are among the richest in the world, operating in the planet’s top domestic market. Consumers account for
13 Cents Can Be a Lot of Money Read More »
Garry Marr, National Post The National Association of Realtors (U.S.) reported that Canadians spent US$2.2-billion on Florida real estate in 2013. This makes Canada the state’s No. 1 international buyer of real estate for the seventh consecutive year. Canadians comprised 31.6% of all international purchases in Florida. 89% of Canadians pay cash for their property
Canadians Prolific Buyers of Florida Property Read More »
This week the Government of Canada issued it’s first 50 year bond at an interest rate of 2.96%! It sold $1.5 billion at double the minimum target. If this isn’t an indication of low stable interest rates for an extended period of time then we can’t think of anything else that is. This was a
Canada Issues First 50 Year Bond Read More »
Jeremy Torobin, Globe and Mail It’s almost a cliché that neither advanced nations nor emerging markets are doing all they can to fulfill all the commitments they’ve made at Group of 20 summits to close yawning imbalances in the global economy, preventing a smoother, faster recovery. Few economic forecasting shops, though, have anything like the
Bank of Canada Fears Weak Growth in Economy Read More »
by Cristina Silva LAS VEGAS — A new report shows real estate investors played a larger role than originally thought in driving the housing bubble in the United States that led to record foreclosures and left the economy reeling in Nevada, California, Arizona, Florida and other states. Researchers with the Federal Reserve Bank of New
Speculative Buying Drove Crash: Report Read More »
Unemployment not a concern of progressive means of production in US. At a recent CAAMP (Canadian Association of Accredited Mortgage Professionals) conference in Montreal, Benjamin Tal, CIBC economist said (paraphrased) that the most significant event that will come out of the current extended period of low interest rates will be the massive re-investment by manufacturers/exporters
US Manufacturers Will Come out of Recession Meaner & Leaner Read More »
The Bank of Canada is concerned about the strong Canadian dollar affecting the pricing of goods and services to export customers. The U.S. economy remains sluggish and foreclosures of residential properties there remain very high. Economist generally believe that a consumer led expansion will be the only true way out of recession in the U.S.
Bank Rate Watch: What Will the Bank of Canada decide? Read More »
