Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices To Fall Even In Optimistic Scenario: Scotiabank One of Canada’s largest banks doesn’t see rate cuts boosting home prices by next year. Scotiabank’s forecast, filed with its recent earnings report, shows prices falling by next year. Even in […]
Canadians are suddenly big savers while Americans are spending like drunken sailors on pay day. On the surface, that sounds like good news for Canada but it’s traditionally a sign of growing consumer hesitance, slowing the economy. At the same time, the resilient American consumer is leaning into further consumption, pushing their economy to defy […]
Canada’s economy is proving to be more resilient than virtually all analysts had anticipated. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) climbed in Q4, driving annual growth into positive territory. Accompanying the gain was an upward revision to the previous quarter’s decline, revealing an economy that may struggle with growth but […]
Many Canadians are bracing themselves for a post-rate cut boom, but at least one big bank doesn’t see it. Scotiabank’s macroeconomic scenario forecast accompanying their Q1 2024 earnings shows they’re pessimistic on home prices. Even in their most optimistic scenario, the bank expects home prices to fall over the next year. Macroeconomic Scenario Forecasting Modern […]
Canada went from the immigration darling to supervillain over a span of just a few months. Government of Canada (GoC) IRCC data for December shows a drop in permanent resident applications. It follows a weak end to the year that saw much weaker growth than many had anticipated. The drop wasn’t exclusive to countries Canada […]
Canada is proving that a massive population boom doesn’t always mean a booming economy. Statistics Canada (Stat Can) data shows the number of active businesses slipped lower in November. A lot more businesses have been shuttering their doors recently, and fewer entrepreneurs are interested in replacing them. Canadian Businesses Peaked Back In January 2023 Canadians […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Just Saw The Largest Foreign Investor Sell Off Ever Canada’s stock markets have been left out of the global boom in equities. Rather than buying everything in sight, investors have been dumping their Canadian holdings. Now we finally know who’s selling—foreign […]
The Canadian and US economies are tightly integrated, and tend to provide similar data for their central banks to move together. That’s no longer the case, as Canada’s economy grinds to a halt and inflation spirals back towards target. Meanwhile, the US economy continues to outperform expectations. Will economic divergence result in diverging monetary policy? […]
Greater Toronto’s soaring prices got a lift from mortgage fraud at a major bank. Earlier this month investigative journalist Sam Cooper and The Bureau, revealed whistleblower allegations of a massive mortgage fraud scheme at HSBC Canada’s Greater Toronto operations. RBC acquired the bank shortly after the alleged incidents occurred, with the government approving the sale […]
Canada has experienced tremendous success selling labor on opportunity. It’s not having nearly as much luck convincing investors of the same. That was the take from BMO Capital Markets, warning the TSX saw a record sell off from foreign investors. The institution warns this is just part of a larger issue of domestic and global […]
