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October 2015 Economic Fundamentals

Ally

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Canada signs on to huge Trans-Pacific trade deal

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GE expansion suggests Canadian manufacturing may get a boost from U.S. gridlock

Canadian manufacturing could be on the brink of a much-needed investment boost from an unlikely source: the U.S. government.

American political gridlock has sent exporters searching for new sources of dried up financing they say is required to compete for contracts overseas.


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Love animals? Hate those who kill just for trophies or ivory or horns? Then you will love a provision in the Trans Pacific Partnership Canada just signed

WASHINGTON — Environmentalists praised wildlife protections included in the sweeping Trans-Pacific Partnership trade deal announced Monday, calling them groundbreaking.

They said the pact would strengthen international environmental enforcement agreements and could go a long way toward diminishing the illegal trade in certain plants and animals.

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Good to see that even the Saskatchewan NDP see the positive value of the Trans Pacific Partnership trade agreement. Maybe Mr Mulclair should value Western Canadian jobs as much as Eastern ones

REGINA — The Saskatchewan government has given an enthusiastic OK to a tentative agreement on a massive new trade agreement called the Trans Pacific Partnership.

“It’s very, very good news for Saskatchewan,” the provincial trade minister, Jeremy Harrison, told reporters Monday morning, hours after the deal was reached at talks in Atlanta.

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Canada’s real estate market won’t crash, says Riocan’s CEO - BNN

Speculation about the Canadian real estate market has run wild over the past year, with everyone from the Bank of Canada to Wall Street short-sellers warning that prices are overvalued.

But the chief executive officer of Canada’s largest real estate investment trust says there is little risk of a correction while the vast majority of property is in responsible hands.

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Canadian Real estate website to allow new home purchase online with credit card

Your next home purchase may be just a click away — if you have the nerve to do it.

Canada-wide real estate search site BuzzBuzzHome plans to launch a "buy now" button, allowing Canadians to instantly purchase a new construction condo or house online with nothing more than a credit card.

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Always easy and manipulative to use the 'scary boogie man in the closet ' approach... Until someone turns the light on and shows reality. Good to see that the monster in the closet turned out to be a jacket hanging in the dark. (And by the way, the nature of negotiations between nations is always behind closed doors.)

Is Halloween approaching? Are the kids in bed? Good. Don't tell them, but the big, hairy TPP monster — the ogre that would chew up the dairy farmers and slam the auto sector into reverse — isn't very scary after all.


For weeks, the apprehension has been spreading, fanned by fearful farmers driving their cows to Parliament Hill, that the Trans-Pacific Partnership would gut the dairy industry and wipe out 20,000 auto jobs.

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Oil price forecaster declares crude at a 'turning point'

A Calgary oil forecaster has a positive message to a beaten down oilpatch, as he expects prices to start recovering in the next year.

However, the recovery will be subdued, with only marginal gains as global oil supply begins to fall and demand continues to rise.

FirstEnergy's commodity analyst, Martin King, delivered his analysis to a few hundred people at the Petroleum Club in downtown Calgary.

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Canadian banks ranked world’s soundest for 8th straight year Economic stability of country plays role

Canada’s banks were ranked the world’s soundest by the World Economic Forum for the eighth year in a row, even as rising housing prices may present a risk.

The country’s banking system, which includes Toronto- Dominion Bank, Royal Bank of Canada and Bank of Nova Scotia among others, ranked No. 1 in the Global Competitiveness Report released by the organization Wednesday in Geneva. Finland’s system ranked second of 140 countries surveyed and Australia’s third. The U.S. came in 39th place, compared with 49th a year earlier, according to the report.

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Why interest rates will stay low, and what that means for your retirement security

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Interesting perspective: Canada has done so well on the economy that the 3 parties fear to change course

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Suburbs on the upsurge? Those with good transit will win, others to whither

PwC Canada in a report out Wednesday suggests the urbanization trend across the country remains strong but dismisses the idea that the suburbs are in decline.

“Last year’s report was all about the condo craze and the urbanization trend and the big push and movement into the core,” said Frank Magliocco, leader, Canadian Real Estate, PwC Canada, during a conference call. “What we are seeing, and the dynamic we are seeing, that as the cost even in the core gets higher and higher, people are looking for alternatives. Right now, the alternatives in the suburbs are tough because of commute times but as infrastructure gets put in place…you’ll find individuals might look at that alternative.”

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Btw, higher taxes don't end up creating more tax revenue over long term

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Look at Hamilton go! Continuing to lead the pack in new home real estate market increases while Toronto-Oshawa not too shabby either.

The combined region of Toronto and Oshawa was the top contributor to the increase, with prices up 0.6% over the previous month. Builders reported market conditions as the main reason for the gain. This marks the seventh straight month of price increases in that region.

The census metropolitan area (CMA) of Hamilton recorded the largest price increase in August, up 0.8%. Builders cited market conditions as the primary reason for the advance, the largest in that CMA since April 2013. Prices in Hamilton have been rising for four consecutive months.

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There’s that word “Surprising” again. Just who is it surprising to?

Canadian housing starts surged unexpectedly in September while new home prices also beat forecasts in August, prolonging a housing boom in the country despite signs of weakness in other parts of the economy.

Groundbreaking on new homes jumped to a seasonally adjusted annual rate of 230,701 in September from a downwardly revised 214,255 in August, a report by the Canada Mortgage and Housing Corp showed.

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What the Canadian election will mean for the energy and power sectors across Canada

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Edmonton will skirt recession, city's chief economist says. REIN Members, this coming ACRE weekend will tell you exactly what to do with this information. It is NOT what you think

Edmonton’s large public sector and diversified local economy will enable it to narrowly duck the oil-driven economic downturn that has slammed Calgary and other parts of the province this year, says Rose, the city’s chief economist.

When the final numbers are in, he figures the Edmonton economy will grow 0.7 per cent this year before edging up to the 1.5 per cent range in 2016. While that’s no reason for a parade, it’s not a disaster. It’s a message Rose badly wants to get out.

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These are the 11 countries with the safest banks in the world. Guess which one is #1 AGAIN!

The World Economic Forum's recently-released Global Competitiveness Survey offers a bundle of indicators to show the health of a country's institutions.

One of those is the perceived safeness of banks.

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Are you taking advantage of these strategies with the new CMHC Changes to Secondary Suite Income Usage

Following the latest changes in CMHC policy has come a lot of confusion and misinformation. So I have turned to a mortgage insider to give us the real goods on what these changes mean and how we can use them to our advantage. There are some opportunities hidden in this new policy, but only if you look closely. So here is that ‘closer look’ from finance expert Calum Ross.

Enjoy!

On July 23rd of 2015, CMHC announced changes to its policies regarding the treatment of rental income for borrower qualification purposes. There seemed to be a lot of confusion about the exact details so I reached out to my senior CMHC contacts to get the facts and inside scoop. The facts in this article are entirely correct and will be the basis for the CMHC Secondary Suite program from September 28, 2015 onward.

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Ignorance about basic international trade rules is muddying the debate over TPP

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