Mortgage Logic

Menu
Menu

Opinion

US Manufacturers Will Come out of Recession Meaner & Leaner

/

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 »

Cure for Housing Market Carries Risk

/

Steve Ladurantaye, Tara Perkins, and Bill Curry The housing market that led Canada out of recession is now so hot that Ottawa is talking about doing something to cool it off, a move economists say carries risks for the economy. Fuelled by record low interest rates, residential real estate prices have gained 20 per cent this

Cure for Housing Market Carries Risk Read More »

A Rethinking of Monetary Policy

/

OTTAWA — The Great Consensus is coming undone. By raising and lowering short-term interest rates to keep inflation moving at a targeted pace, many central bankers and academics thought they had finally found a monetary policy solution to conquer the booms and busts of the business cycle. After such failures as the gold standard and

A Rethinking of Monetary Policy Read More »