Canadian real estate markets picked up at the end of the year, as cheaper mortgage debt appeared. Expect the opposite pressure over the next few days as Government of Canada (GoC) bond yields surge on strong inflation data. Reversing some of the ground made over the past few weeks, a sudden jump in yields is […]
Canada embarked on an ambitious mission to grow its economy using rapid population growth. After hitting unreal immigration targets they may have forgotten to plan one detail—what are people going to do when they get to Canada? That was the focus of the latest analysis from National Bank of Canada (NBF). The bank’s chief economist […]
One of Canada’s largest banks is telling investors Toronto real estate sales are back, but prices—not so much. Despite a huge jump in existing home sales across Greater Toronto in January, prices continued to slide lower. BMO explained to investors that the increased activity will prevent further declines, and even boost home prices in time. […]
Canadian small businesses have only seen things get worse after the pandemic. Office of the Superintendent of Bankruptcy (OSB) data shows business insolvencies surged in Q4 2023. The surge in fillings helped to make last year the largest annual growth for insolvency filings. Experts warn as bad as the data is, it’s actually a lot […]
Canada is experiencing record population growth but unusually slow mortgage growth. Bank of Canada (BoC) data shows that outstanding residential credit growth slowed even further in November. It marked the slowest rate observed by Canadians in over two decades. Canadians Owe $2.26 Trillion In Residential Mortgage Debt Canadian mortgage credit continues to advance despite elevated […]
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 […]
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 […]
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. […]
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 […]
