Economic Indicators

CSA proposes national framework for syndicated mortgages

CSA is proposing changes that would harmonize Canada’s regulatory framework for syndicated mortgages. The proposed amendments, published for comment on Thursday, would remove the prospectus and registration exemptions that currently apply to syndicated mortgages in certain jurisdictions. “The proposed amendments introduce a common regulatory approach for syndicated mortgages across Canada,” said Louis Morisset, CSA chair […]

By Staff |March 8, 2018

2 min read

Economic Indicators

Home construction rises in February: CMHC

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By Staff, with files from The Canadian Press |March 8, 2018

2 min read

Economic Indicators

ECB offers further hint of stimulus withdrawal

The European Central Bank has tweaked its main monetary policy statement

By Staff, with files from The Associated Press |March 8, 2018

2 min read

Economic Indicators

IIROC fines, bans former Winnipeg investment advisor

Sanctions total $485,000

By Staff |March 7, 2018

1 min read

BoC holds key rate, citing U.S. trade uncertainty

The Bank of Canada (BoC) today maintained its target for the overnight rate at 1.25%, citing the growing uncertainty around trade. The bank rate is correspondingly 1.5%, and the deposit rate is 1%. In a press release, the central bank said global growth remains solid and broad-based, and it noted that U.S. government spending and […]

By Staff |March 7, 2018

3 min read

January trade deficit narrows, but numbers still disappoint

Canada’s trade deficit totalled $1.9 billion in January, a narrowing from December’s $3.1 billion deficit, StatsCan reported Wednesday. That narrowing “was where the good news ended,” says CIBC senior economist Andrew Grantham in an economics report, as the deficit was “driven exclusively by a plunge in imports.” Imports decreased 4.3%, mainly due to lower volume […]

By Staff |March 7, 2018

2 min read

How a U.S. trade war could affect markets

With markets attuned to inflation risk and with equity volatility rearing its head, President Trump’s tough talk on trade tariffs isn’t good news. The president has threatened tariffs on aluminum (10%) and steel (25%) imports, with the effect likely being sharply higher domestic metals prices. Douglas Porter, BMO chief economist, estimates in a weekly financial […]

3 min read

Why the BoC will hold rates this week

The Bank of Canada is widely expected to hold overnight rates steady at 1.25% at its next decision Wednesday, industry experts say. In a weekly economics report, Derek Holt, vice-president and head of capital markets economics at Scotiabank, says trade policy uncertainty between Canada and the U.S. is among “compelling reasons” to pause the hike […]

By Staff |March 5, 2018

3 min read

Economic Indicators

CSA proposes national framework for syndicated mortgages

Home construction rises in February: CMHC

ECB offers further hint of stimulus withdrawal

IIROC fines, bans former Winnipeg investment advisor

BoC holds key rate, citing U.S. trade uncertainty

January trade deficit narrows, but numbers still disappoint

BMO extends mortgage rate guarantee period for homebuyers

Toronto area home sales down 35%, Montreal up 5%

How a U.S. trade war could affect markets

Why the BoC will hold rates this week