Economic Indicators

Toronto homes prove too pricey for top 1%

How ridiculous are Toronto home prices? So ridiculous that even the top 1% of earners are now priced out of the market. Don’t believe it? Douglas Porter, chief economist at BMO Capital Markets, may convert you. Home prices in Toronto rose almost 24% year-over-year in February (using data from the MLS home price index). But […]

By Staff |March 15, 2017

2 min read

Economic Indicators

The solution to Canada’s housing crisis

If you’re worried about a housing crash in Canada, you’re not alone.

By Katie Keir |March 14, 2017

3 min read

Economic Indicators

Potential growing pains for Canada’s economy

Canadian GDP is expected to grow by 2% in 2017, followed by a slightly firmer 2.1% in 2018, reveals an economics outlook report by RBC. Ontario is expected to lead the way for the first time since 2000, with a growth rate of 2.5%. Two of Canada’s oil-producing provinces, Alberta and Saskatchewan, will swing back […]

By Staff |March 13, 2017

3 min read

Economic Indicators

Fed may move to faster rate hike cycle, says analyst

Canada's economic calendar is light this week and earnings season is coming to a close. So all eyes will be on the Fed.

By Staff |March 13, 2017

2 min read

Fed hike all but sure after U.S. job growth of 235K

U.S. employers added a robust 235,000 jobs in February and raised pay at a healthy pace, making it all but certain that the Federal Reserve will raise short-term interest rates next week. Friday’s jobs report from the government made clear that the economy remains on solid footing nearly eight years after the Great Recession ended. […]

3 min read

The BoC’s unofficial lower-loonie policy

The BoC will hold its benchmark interest rate at 0.5% through the year even as the Fed hikes rates more than once, a CIBC economist predicts. That’s because the BoC is intent on a weaker loonie to support exports, says Benjamin Tal, deputy chief economist of CIBC World Markets. In a speech at the Canadian […]

By Simon Doyle |March 9, 2017

3 min read

Is Europe next for election shock?

With the Netherlands holding elections next week, followed by France, Germany and Italy soon after, Europe could be the next region in line post-election market shocks. But political risks are probably overstated, says Richard Turnill, global chief investment strategist at BlackRock, in a weekly commentary. For instance, he points to polls suggesting a wide-margin loss […]

By Staff |March 6, 2017

2 min read

Economic Indicators

Toronto homes prove too pricey for top 1%

The solution to Canada’s housing crisis

Potential growing pains for Canada’s economy

Fed may move to faster rate hike cycle, says analyst

Fed hike all but sure after U.S. job growth of 235K

The BoC’s unofficial lower-loonie policy

Currency winners and losers for 2017

Global growth hinges on fiscal stimulus: OECD

Is Europe next for election shock?

Fed hike on the way, hints Yellen