ZCAN News and Press, SPDR Solactive Canada ETF From 07/21/22

For three decades, the theory was that ultra-low interest rates allow borrowers to save on interest costs. In reality, low rates prompt most to borrow more and go deeper into debt. It will take a combination of lower home prices and higher incomes to enable the household formation nee...

Canada’s housing market continued to weaken for the third month in June. Sharply higher interest rates and some of the world’s most unaffordable home prices have shrunk the pool of able and willing buyers even as Canadian unemployment remains near cycle lows. After f...

The US and eurozone June composite PMI had nearly converged at 52.3 and 52.0, respectively. The BOJ saw the economy expanding 2.9% this year and slowing to 1.9% next and 1.1% in 2024. In June, the ECB raised the TLTRO rate to its deposit rate (-0.50%), and banks repaid almost 75 b...

U.S. inflation hits a 40-year high of 9.1%. Market pricing for July Fed meeting shifts. Bank of Canada announces largest rate increase in 24 years. On the latest edition of Market Week in Review, Director of Investment Strategies, Shailesh Kshatriya, and Director of Inst...

The Bank of Canada's hike of 100 basis points on Wednesday was somewhat out of the ordinary. If the Canadian economy enters into a tailspin in the near run, the culprit is going to be developments overseas. The housing market is going to cool, but that will take time. From a bond ...

The Bank of Canada raised the overnight rate to 2.5% and stated that it will continue with Quantitative Tightening (QT). Orlando: This big step up in rates is uncommon, so too is the economic backdrop. Orlando: The hit to consumers from high inflation and rising rates will weigh o...

The Bank of Canada hiked base rates a whole percentage point yesterday, now at 2.5% from .25% four months ago in March. The Canadian prime lending rate now jumps to 4.7%, and most home equity lines of credit (HELOCs) to 5.2%, while conventional variable rate mortgages are in the 3.85-...

Why Canada's hottest housing markets are feeling the biggest chill. How a population boom is helping to support Atlantic Canada's real estate market. Why the outlook for real estate in Saskatchewan and Manitoba is better than the rest of the country. Canadaȁ...

Secular bear markets begin from a point of mass exuberance and over-valuation and end when they have crushed both into remission. Bear markets have bottomed over the past 50 years when the price reaches 10 to 12x forward earnings estimates. Bear markets have never ended before med...

As inflation keeps rising, so too will rates. Does that mean a recession is unavoidable? -What a recession in Canada might look like and how long it may last. If a slowdown hits Canada, why the housing market will feel it the most. The Bank of Canada’s eff...