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Canada's red-hot housing market: Will prices continue to soar? Low interest rates fueling the Canadian real estate market. Layering taxes to temper housing demand could have unintended consequences. For further details see: Canada's Red-Hot Housing Market: Will Prices Co...
Bank of Canada keeps key policy rate unchanged. BoC upgraded its growth outlook in spite of third-wave of infections, lockdowns. Orlando: Sees a rising Canadian dollar. For further details see: BoC Keeps Rates On Hold, Signals Rate Hikes In 2022
The Bank of Canada adjusts its target for weekly net purchases of Canadian government bonds to C$3B from C$4B, in line with its previous statements that it will end its quantitative easing programs.The adjustment reflects the nation's progress made in the economic recovery, as its outlook for...
Canadian government bond yields have increased along with global rates, while the Canadian exchange rate has strengthened against the currencies of Canada's largest trading partners. Although the BoC is also likely to pull forward their guidance for when rate hikes are likely to begin...
The euro remains the most undervalued of the major currencies, but not as cheap as it was a year ago when it was nearly 29% below the OECD's fair value calculation. The ECB has been encouraging a robust fiscal response, and while individual countries are boosting counter-cyclical spen...
The global economic recovery is gaining momentum as the world’s two largest economies continue to deliver robust economic readings. US stocks are steadily making fresh record highs and that could continue if Treasury yields take their time in recapturing the highs made at the e...
The Bank of Japan has implemented strict yield curve control in the 2-10-year area of the JGB curve since 2016, in an attempt to prevent financial conditions from tightening and to boost Japanese inflation to 2%. Other government yield curves, where central banks have not targeted any...
The Canadian dollar skips down 0.3% against the U.S. dollar after Bank of Canada Deputy Governor said the central bank will end its quantitative easing programs that it introduced during the COVID-19 crisis to support market functioning.He also said the Bank of Canada hasn't changed its ...
The combined federal-provincial deficit now stands at $473 billion. Early guidance from governments points to a drop in deficit to around $190 billion (8% of GDP). Credit rating agencies will await information around governments' medium-term exit strategies. For further deta...
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...