Tag Archives: Bank of Canada

Bank of Canada holds the line; Royal LePage releases ‘research report’; “Canadian 30 year olds are screwed!”

Bank of Canada holds the line Those with variable rate mortgages can breathe a sigh of relief as the Bank of Canada held the line on interest rates today, as expected, keeping the overnight rate at a paltry 1%. Despite … Continue reading

Posted in Economy, Real Estate | Tagged , , , , , , , | 11 Comments

Revisiting predictions: Commodities still hanging tough, public sector unions under fire, European debt crisis intensifies, interest rate predictions

Revisiting predictions Now two full months into the new year, it’s worth stopping for a moment and taking stock of how things are shaping up.  You’ll recall that I made some predictions for 2011 back at the beginning of January.  … Continue reading

Posted in Economy, Social trends | Tagged , , , , , , , , , , , , , , , , , , , | 7 Comments

Credit risk across the nation: Who’s most at risk from an interest rate shock?

TD has come out with a very fascinating report in which they’ve assessed the financial vulnerability of households across the country.  It’s full of interesting data, though some of them certainly questionable.  Perhaps most interestingly, they have made easily available a … Continue reading

Posted in Economy, Real Estate | Tagged , , , , , , , , , , , , , , , , , , , | 21 Comments

Value of building permits plunges in November; Bank of Canada talks tough

Building permits plunge I suggested a few days ago that the October and November housing start data were telling vastly different stories.  November building permit data released today suggests that the spike in November housing starts, which were driven almost … Continue reading

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“The challenges we face have only just begun”

Reality bites! The sobering reality of our economic situation has bitten Mark Carney like an angry terrier.  Just a few months after raising interest rates while citing an improving economy, Carney has been on a media whirlwind tour discussing the … Continue reading

Posted in Economy, Real Estate | Tagged , , , , , , , | 16 Comments

Guest Post: How low interest rates screw up the economy

Hat tip to Caleb over at TANSTAAFL CANADA! for this excellent post explaining how low interest rates screw up the economy, a common theme on this site.  Caleb has given his permission for this re-post. My favourite thing about getting … Continue reading

Posted in Economy, Guest Posts, Real Estate | Tagged , , , , , , | 9 Comments

Bank of Canada sounds alarm bell

Bank of Canada sounds the alarm bell The Bank of Canada released their latest Financial System Review today.  While they speak at length of the risks of European contagion, a weak global economy, low interest rates, and global imbalances, it … Continue reading

Posted in Economy | Tagged , , , , | 8 Comments

Bank of Canada interest rate outlook; Consumer confidence in the dumps

Bank of Canada rate outlook The structural issues with Canada’s miraculous economic growth coming out of the recession has been painfully obvious to me for some time now.  When one strips away the economic spin-offs of rising home prices and … Continue reading

Posted in Economy, Social trends | Tagged , , , , , , , , | 8 Comments

Roundup: Turkey and Sweet Potato Edition

Hello all and Happy Thanksgiving! I hope this weekend finds you in the company of those you love. On a day meant for giving thanks for all the blessings we have here in Canada (and we do have much to … Continue reading

Posted in Economy, Real Estate, Social trends | Tagged , , , , , , | 3 Comments

Daily round-up: Wednesday, September 8, 2010

Hello all Here’s a quick recap of the day’s must-read articles: The big news of the day is the rate announcement by the Bank of Canada, which raised its overnight lending rate another 0.25% to 1%.  This will impact those … Continue reading

Posted in Economy | Tagged , , , , , , , | 1 Comment