Canada just bucked expert estimates and it’s growing much faster than expected. Statistics Canada (Stat Can) data shows stronger than expected growth for gross domestic product (GDP) in November and December. BMO believes if, and they stressed if, the data is correct, the economy is growing much faster than anyone had forecast. That is generally […]
Canadian real estate markets are expected to fumble in the first half, but make up for it in the second. RBC Economics shared its latest forecast for Canada’s housing markets this morning. The country’s biggest bank believes interest rates are running the show, and the first six months of 2024 will be slow. As rate […]
It’s a Canadian story as old as time. High risk person meets a grocery bag filled with tens of thousands in cash. Person trades said bag of cash for casino chips and leaves without playing. Casino staff asks no questions, despite previously identifying the person as a high risk patron. Well, maybe not as old […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Do Canada’s Immigrants Stay? Fewer Continue To File Taxes Canada manages to attract a lot of immigrants, but how many are actually staying? Taxfiler data reveals 91% of immigrants that arrived in 2019 filed taxes for that year, but that same group […]
Canada is scrambling to grow its tax base via immigration but it has encountered a tiny problem—a lot of immigrants stopped paying. Statistics Canada (Stat Can) data shows a large share of immigrants that arrived in 2019 stopped filing taxes shortly after. Looking at the historical data, it’s not a new trend—but the drop off […]
Canadian real estate markets have been warming up with dreams of cheaper mortgages. Despite the Bank of Canada (BoC) making no changes yesterday, they may have changed expectations. In a note to investors, BMO explained the central bank’s messaging demonstrates cuts are a long way off, potentially backstopping progress made on fixed rates. The bank […]
Canada’s central bank held rates as widely expected, but still surprised. Bank of Canada (BoC) announced they’ll continue to hold the overnight rate at 5.0%, along with continued quantitative tightening (QT). It was believed the central bank would be hawkish, hoping to avoid a repeat of last year that sent inflation (and rates) even higher. […]
Canada’s economy isn’t just slowing down, it’s already in recession. That’s the take from prominent macro research firm Oxford Economics, whose latest research brief sees a hard landing coming. In the unlikely event a soft landing occurs, they see higher inflation and even higher interest rates. Canada Is Already In Recession, Hard Landing Expected The […]
Canadian policymakers have done a 180 when it comes to its open door policy for international students. The Government of Canada (GoC) announced a two year cap on study permits will be implemented soon. In addition, work permits will also become more difficult to obtain. The move comes after increased international scrutiny of the country’s […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Real Estate Bubble Is Batsh!t Crazy Compared To Other G7s Canadian real estate prices are moving like nothing else in the developed world. New data from the US Federal Reserve shows Canadian home prices have risen much faster than any other […]
