Economic Indicators

Decorative pattern

Economic Indicators

Big week coming up for central bank news, Canadian earnings

Headlines are likely to be dominated by international central bank news

By Staff |November 3, 2017

1 min read

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Economic Indicators

Toronto, Vancouver home sales heat up in October

Home sales in Toronto increased almost 12% in October from September. That’s an above-average rise that points to a stronger fall market, the Toronto Real Estate Board (TREB) said Thursday. Vancouver also saw a jump in October, with sales up 7% from September and a 35% year-over-year rise for the month, the Real Estate Board […]

By Staff |November 2, 2017

2 min read

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Economic Indicators

GOP doubles exemption for taxation of large estates

Tax cut plan also to limit deduction for mortgage interest, property tax

By Staff, with files from The Associated Press |November 2, 2017

5 min read

China pullback could hurt Canadian housing

Economic Indicators

China pullback could hurt Canadian housing

Find out more about China’s tie to Canada

By Katie Keir |November 2, 2017

3 min read

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Economic Indicators

Why foreign equity funds gained in October

In October, foreign equity and fixed-income funds were benefiting from strong market returns, and they were further buoyed by a depreciating Canadian dollar at the same time, says a report from Morningstar Research. Last month, the Canadian dollar depreciated significantly versus many world currencies: approximately 2% against both the euro and the pound, and more […]

By Staff |November 2, 2017

2 min read

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Economic Indicators

BoC defends cautious stance on rates

The Bank of Canada (BoC) is maintaining rates for now, but not everyone is supportive of the cautious stance. For example, David Dodge, former BoC governor, tells Bloomberg that raising rates is the wise thing to do, considering the economy is close to capacity. Further, low rates encourage excessive borrowing by households and businesses — […]

By Staff |November 1, 2017

2 min read

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Economic Indicators

Back to reality: Canada’s GDP slips in August

Details on the first monthly pullback since October 2016

By Staff, with files from The Canadian Press |October 31, 2017

3 min read

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Economic Indicators

Expect losses for the loonie

All signs point to downside ahead for the loonie. “The Canadian dollar is still mispriced,” says Benjamin Tal, deputy chief economist at CIBC World Markets, in a weekly economics report. “Too many factors are pointing in unison to one direction: a lower loonie.” Read: What’s next for economy and loonie First off, he notes the […]

By Staff |October 27, 2017

2 min read

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Economic Indicators

StatsCan data offer insight on your immigrant-client’s income

StatsCan census data from 2016, released this week, shed light on your immigrant clients’ financial status, as summarized in an economics report by Scotiabank economist Marc Desormeaux. For example, immigrant incomes in 2014 were 86% of Canadian-born workers’ earnings, he finds. Last year, a StatsCan report revealed that, one year after immigration, the median employment […]

By Staff |October 27, 2017

2 min read

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Economic Indicators

Small business optimism up slightly in October: CFIB

Small business owners’ outlook improved in October after declining for four straight months thanks to improved sentiment in the agriculture, resources and retails sectors, according to the monthly index from the Canadian Federation of Independent Business (CFIB). The organization’s Business Barometer is based on a national survey of 727 small business owners. The index moved […]

By Staff |October 26, 2017

2 min read

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