Tag Archives: consumer

CIBC on the housing and the Canadian Consumer; Bank of Canada speech; Other noteworthy news stories

CIBC on housing and the Canadian consumer Just a week after Scotia Economics released a report suggesting that Canadian consumers are “tapped out”, CIBC economics has released an interesting report that contains some similar themes. Some highlights: This suggests that … Continue reading

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Scotia on the ‘Tapped out’ consumer; TD on Ontario’s debt problems

The ‘tapped out’ consumer Scotia economics has reiterated a call that I’ve been sticking to all year:  The Bank of Canada will be highly hesitant to raise rates later this year…..if at all.  But for the housing bulls who frequent … Continue reading

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Debt Crunch: A look at Canada’s record level of household debt

Action Canada Task Force releases final report The Action Canada Task Force on Canadian Household Debt released their final report on Friday.  The report echoes many of the concerns I have expressed on this site, namely that high debt levels … Continue reading

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Report highlights from ‘The Current State of Canadian Family Finances’

The Vanier Institute of the Family released their annual Current State of Canadian Family Finances report earlier this week.  It is well worth highlighting their important findings: Unemployment rate misleading:  Considering the ‘hidden unemployed’ The report does an excellent job … Continue reading

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Primer #7: Housing envy and the ‘Joneses’…How a realignment in consumer expectations will pull at aggregate house prices

“A house may be large or small; as long as the surrounding houses are equally small it satisfies all social demands for a dwelling. But if a palace rises beside the little house, the little house shrinks into a hut.” … Continue reading

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Is Canada awash in savings? Does all debt represent someone else’s asset?

Note to my readers: A trusted and very knowledgeable reader has pointed out some potentially significant (and inadvertent) misrepresentation of data contained in this post.  Alas, I am human, and this blog represents my thoughts and insights into the current … Continue reading

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Household credit analysis: What the boom looks like before the bust

CIBC released their latest household credit analysiss report yesterday.  It is full of interesting data points.  Though nothing in the report is particularly shocking for anyone who has been reading this blog and is aware of the ongoing credit bubble … Continue reading

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CAAMP puts the cart before the horse

New CAAMP report The Canadian Association of Accredited Mortgage Professionals was already in damage control mode prior to Flaherty’s mortgage rule change announcement.  Earlier in the week, CAAMP chief economist Will Dunning released a report titled, ‘Good Lord please don’t … Continue reading

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Survey of Forecasters data; From stimulus to restraint; China’s empty malls

Survey of Forecasters The Conference Board of Canada has released their 2011 survey of economic forecasters (subscription required) in which they surveyed economists about the growth prospects for the Canadian economy in 2011. The average analyst estimate for final 2011 … Continue reading

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The Great Mortgage Amortization Debate

The Amortization Debate You’ll recall that bank CEOs of all people are now putting pressure on Flaherty and Harper to curb debt levels by, among other things, raising down payment requirements and/or shortening maximum mortgage amortization lengths. With mortgages representing … Continue reading

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