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Demand has spiked new housing starts in Canada to a high not seen since previous cycle tops in 1990 and 2008. Once more, the Canadian economy has become extremely vulnerable to any downturn in the housing sector. Painful as they are for the unprepared, downturns are naturally recu...
Canada's economy added 259K jobs in February, more than triple the 75K expected, as the country started easing lockdown restrictions, according to Statistics Canada's latest labor force survey.That's the biggest gain since November, when a new set of containment measures were put into place, ...
10-year U.S. Treasury yield. Where is it headed? Will high-flying tech and momentum stocks fly high again? Is this a short-lived sector rotation from tech into value? For further details see: The Great Tech Rotation. Will High-Flying Tech Fly High Again?
The Bank of Canada holds steady on rates. Bank of Canada acknowledges economy is growing faster than expected. Orlando: U.S. fiscal stimulus an incremental positive for Canadian economy and outlook. For further details see: BoC Holds Rates Steady, Acknowledges Economy Is...
Sounding similar to the U.S.'s Federal Reserve, the Bank of Canada holds its key policy rate steady and says it will keep it there until its inflation target is sustainably achieved.Continues its quantitative easing program, continuing at a pace of at least C$4B per week.Developing...ETFs: [[...
Sondhi: We expect the current robust sales pace to hold up in the near term. The current unsustainable pace will likely give way to some moderation in the back half of 2021 and early 2022. Sondhi: We expect to see a tapering off in average home price gains in 2022. For furth...
Texas Governor Greg Abbott lifting the mask mandate on Tuesday is good news and will help to stimulate new job growth in the upcoming months. Mississippi Governor Tate Reeves announced similar moves. The other exciting thing that briefly boosted financial markets early last week was t...
The Canadian economy shrank 5.4% in 2020 (the sharpest annual decline since World War II) despite government transfers that totalled an incredible $20 for every dollar of other income that Canadians lost. The wealth effect of asset bubbles has always been transitory. Despite what many...
Canadian corporate bond yields hit new lows in January, led by the decline in high yield. There are factors that may be offsetting the deep Covid recession and serve to reduce credit default rates. Even if there are risks of increased loan delinquencies in Canada, should loan forb...
Canada's economic recovery is uneven and has been dubbed as the "K-Shaped Recovery". Industry overperformers have benefited from shifting spending patterns during the pandemic. Easing health concerns and restrictions, should allow for strong gains in underperforming industries. ...