Canada

Canadian Building Construction Investment Is Rising, But It’s Entirely Due To Inflation

Canadian investment in building construction is soaring. Typically the leading indicator would mean a robust real estate market is coming. That may not be the case this time, according to Statistics Canada (Stat Can) data. Once the agency adjusts for inflation, investment in building construction contracts. The entire increase for investment (and then some) have […]

Canada

Canada’s Yield Curve Is Flattening After The US Killed The Transitory Narrative: BMO

The US Federal Reserve just scrapped the transitory narrative, and it was felt in Canada. Reserve Chairman Powell candidly dismissed the transitory inflation explanation. This immediately began to flatten Canada’s yield curve, according to BMO. The bank’s chief economist, Douglas Porter, highlighted this point to clients in his latest research note. His analysis shows the […]