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 …
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 …
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 …
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 …
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 …
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 »
Prudence Paying Off For Canadian Mortgage Borrowers – Spring 2010 • There are approximately 9.3 million homeowners in Canada, including about 5.55 million with mortgages. • Almost 80 per cent of young borrowers have opted for a fixed rate mortgage or a mortgage that combines fixed and variable rates. • A small number of mortgage …
OTTAWA — Bank of Canada Governor Mark Carney’s options were quickly running out. The economy was still in deep decline, interest rates were already at their lowest ever and he couldn’t take them much lower without bumping up against zero. Like many central bankers these days, he turned to unconventional means. But instead of fully …
3 March 2009, OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3/4 per cent. The outlook for the global …
Bank of Canada lowers overnight rate target by 1/2 percentage point Read More »
