Canada’s economy has been making a solid recovery, and it turns out it’s even stronger than thought. National Bank of Canada (NBF) points to this morning’s employment revision. A routine revision from Statistics Canada (Stat Can) shows a sharp climb for employment. In the bank’s opinion, this further strengthens the reason for the Bank of […]
Canada’s central bank is about to take away the punch bowl real estate has been binging on for the past few years. The National Bank of Canada (National Bank) has forecast interest rates will rise over the next few weeks to combat inflation. Canada’s freshly lowered neutral rate means this will top out fairly fast, […]
Canadian real estate buyers are rushing to buy anything they can, from Victoria to St. John’s. National Bank of Canada (National Bank) attributes this to FOMO on low interest rates. The Big Six bank said home buyers are trying to purchase before the Bank of Canada (BoC) raises rates. Especially buyers that have mortgage pre-approvals […]
Canada’s central bank renewed its mandate, but with one fundamental change. The Bank of Canada (BoC) will now consider employment in addition to its goal of maintaining a 2% rate of inflation. The Governor stressed, it’s difficult to figure out when full employment is present. Two of Canada’s “Big Six” banks say full employment has […]
One of Canada’s “Big Six” banks is declaring next year to be “The Year of The Hike.” National Bank of Canada (NBC) chief strategist (and poet-in-residence) Warren Lovely is calling the first interest rate hike in just a few months. He sees the Bank of Canada (BoC) making its hike in March, way ahead of […]
No, you didn’t accidentally eat the wrong brownie from the freezer. One of Canada’s biggest banks actually sent traders a Christmas poem about the Bank of Canada (BoC) governor’s management. It turns out it’s actually a tradition at the National Bank of Canada (NBC), who really should be teaching a Masterclass on throwing shade. They’ve […]
The Canadian economy is quickly going from a recovery to overstimulated. That was the take from the National Bank of Canada (NBC) today, anyway. In an unusual move, the Big Six bank wrote an open letter demanding a halt to stimulus. They also argue that the central bank needs to hike rates in the next […]
Canadian real estate has outgrown productive investment for a few years, but it’s never been this bad. National Bank of Canada (NBC) found that Canadians now invest more in homes than businesses. It’s the first time since the early 1960s that housing investment has grown larger than private investment. The “Big Six Bank” says this […]
Canadian real estate prices have been on an epic run, but they’re starting to lose a little steam. The Teranet–National Bank of Canada House Price Index (TNBC HPI) showed minor growth in September. The annual rate is still elevated, but it fell from the record high due to the month dragging. Last month’s gain was […]
The cost of living in Canada is now surprising even the experts, with price growth surging. Statistics Canada (Stat Can) data shows Consumer Price Index (CPI) annual growth surged higher in September. The measure of inflation has been running hot recently, but now it’s hit the highest level in 18 years. One of the country’s […]
