This Week’s Top Stories: Canadian Real Estate Prices Rise Sharply In Some Markets, BoC Sees Further Declines

Time for your cheat sheet on this week’s top stories. Canadian Real Estate What Canadian Real Estate Correction? Detached Market Surges Up To $52k Higher Canadian real estate is showing signs of a firming market. The price of a typical single-family home across Canada fell 1.2% to $748,800 in December. Five markets bucked the trend, […]

USA

US Employment May Not Be As Strong As Data Suggests: BMO

Cracks in America’s booming job market are starting to appear, warned Canada’s oldest bank. BMO Capital Markets outlined a divergence between US payroll and household-survey employment. The bank warns this is the largest divergence on record, outside of the pandemic—indicating the market might be weaker than it appears.  US Payroll and Household Employment  The US […]

This Time Is Different, Central Banks Are Tightening Into A Bear Market: Oxford Econ

Advanced economies replicating the same monetary policy mistakes are facing monster inflation. Now with additional external pressures driving inflation even higher, policy is tightening as the economy deteriorates. That’s the opposite of what usually happens, warns global forecasting firm Oxford Economics. Typically as the economy slows, rate cuts help to craft a soft landing. This […]