Top Stories

This Week’s Top Stories: Canadian Mortgages Pick Up, But Not Nearly As Much As HELOCs

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Odd: Canadian Mortgage Credit Growth Is Rising, While Consumer Growth Falls Household credit growth is picking up from earlier this year, but still below last year’s levels. The balance of credit outstanding hit $2.22 trillion in July, up 3.6% from […]

Canada

This Week’s Top Stories: Canada Gets Another Recession Warning Sign, Savings Fall To A 59 Year Low, and Home Prices Rise

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Yield Curves: Canada’s Recession Indicator Is Now Flashing Red Alert Another indicator is warning that a recession is likely approaching in Canada. The 10-2 spread, the difference between 10 and 2 year government bonds, turned negative. A negative spread, a.k.a. yield […]