Tag Archives: recession

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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More lessons from the Irish experience

Ireland is a financial basket case.  Yet only a few short years ago they were the envy of Europe.  Ireland was dubbed the ‘Celtic Tiger’.  Strong economic growth had much of Europe caught in awe and envy.  Ireland enjoyed budget … Continue reading

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The week that was

Lots of interesting happenings on the economics front from this past week.  Here are a few that were on my radar: Canada’s economic recovery not as strong as originally reported Canada no longer leads recovery standings “Revisions released Friday by … Continue reading

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House prices decline for third consecutive month; Major GDP miss in Britain; House price double dip accelerates in US

Teranet Index declines for third straight month The November Teranet index released today registered its third straight monthly decline. “Canadian home prices in November were down 0.2% from the previous month, according to the Teranet-National Bank National Composite House Price … 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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Canadian employment picture brightens…but questions remain

Employment picture brightens Stats Canada released the latest job figures today: Employment edged up for the second consecutive month in December, with an increase of 22,000. The unemployment rate held steady at 7.6%. Compared with December 2009, employment increased by … Continue reading

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Happy New Year! What might 2011 hold?

Happy New Year to all!  As we begin another year, it’s always fun to contemplate just what the next 365 days might hold.  Below are a few ‘top 5’ lists covering a range of finance and economic topics. Top global … Continue reading

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My Canadian economic forecast: Not particularly rosy

After Canada’s GDP posted a ‘surprisingly’ low 1% annualized growth rate in Q3, with September readings turning negative, economists went back to the drawing board to update their economic forecasts. Yesterday TD released its updated quarterly economic forecast.  It provides … Continue reading

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Bubble in China means Canada at risk; The economic headwinds in pictures

Bubblicious in China I’ve said before that there are really only two global property bubbles that eclipse ours:  The Australian bubble and the Chinese bubble.  In a strange way, our economy and that of Australia are directly dependent on the … Continue reading

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Shocking report by CAAMP….part 1

So this morning I stumbled across a little tidbit from a report published by the Canadian Association of Accredited Mortgage Professionals (CAAMP).  I haven’t been able to get it out of my head.  The report itself contains a wealth of … Continue reading

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