June 2015 Canadian Economic Fundamentals
- Thread starter Ally
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Scotiabank lowers 2015 outlook for Canada and the U.S.
Economists at Bank of Nova Scotia are lowering their 2015 growth forecasts for both Canada and the United States, following a slower than expected start to the year.
The bank has cut its forecast of U.S. GDP growth this year, from 2.6% to 2.2%, according to a new report.
Read the full article here.
Economists at Bank of Nova Scotia are lowering their 2015 growth forecasts for both Canada and the United States, following a slower than expected start to the year.
The bank has cut its forecast of U.S. GDP growth this year, from 2.6% to 2.2%, according to a new report.
Read the full article here.
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Western premiers talking diversification and economic expansion
REGINA - Canada's western premiers discussed ways to diversify their economies in light of plunging oil prices during a teleconference call Monday.
Saskatchewan Premier Brad Wall was host on the call that was a substitute for the annual western premiers meeting to save time and money.
Read the full article here.
REGINA - Canada's western premiers discussed ways to diversify their economies in light of plunging oil prices during a teleconference call Monday.
Saskatchewan Premier Brad Wall was host on the call that was a substitute for the annual western premiers meeting to save time and money.
Read the full article here.
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Trump's right-hand man busts real estate market myths
The real estate market is hot these days. It's also cold, lukewarm, on the verge of tanking and just about to take off. If you're smart, you'll get in (or get out) now, while the getting is good.
These are the myths plaguing first-time homebuyers in Canada, according to Donald Trump's top lawyer and right-hand man, George H. Ross. Ross says it's easy to be misled by advertisers and market average reports, but the key to investing wisely in real estate is to focus on specifics and do your research.
Read the full article here.
The real estate market is hot these days. It's also cold, lukewarm, on the verge of tanking and just about to take off. If you're smart, you'll get in (or get out) now, while the getting is good.
These are the myths plaguing first-time homebuyers in Canada, according to Donald Trump's top lawyer and right-hand man, George H. Ross. Ross says it's easy to be misled by advertisers and market average reports, but the key to investing wisely in real estate is to focus on specifics and do your research.
Read the full article here.
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As the saying goes: "they have correctly predicted nine of the last 5 crashes" The sky isn’t falling on Canada’s real estate market
American economist Paul Samuelson back in 1966 famously said of the predictive power of stock markets that “Wall Street has correctly predicted nine out of the last five recessions.” These days, you could say much the same thing, in a different way, about the Canadian housing market.
Read the full article here.
American economist Paul Samuelson back in 1966 famously said of the predictive power of stock markets that “Wall Street has correctly predicted nine out of the last five recessions.” These days, you could say much the same thing, in a different way, about the Canadian housing market.
Read the full article here.
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When actuality gets in the way of a good story and political policy. CDNs actually much better off than rhetoric that some commentators and politicians would have us believe
Conventional wisdom holds that Canadians are in miserable financial shape – addicted to debt, allergic to saving and ill-prepared for retirement.
Conventional wisdom is mistaken.
Read the full article here.
Conventional wisdom holds that Canadians are in miserable financial shape – addicted to debt, allergic to saving and ill-prepared for retirement.
Conventional wisdom is mistaken.
Read the full article here.
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The cost of oil's slump: Saudi Arabia's economic boom shows signs of losing steam
Official data released last week in Saudi Arabia showed demand for loans growing at the slowest pace since 2011 and the kingdom’s currency reserves plunging for a third month in a row. An index reflecting the performance of the non-oil private economy fell to the lowest level in a year in May.
Read the full article here.
Official data released last week in Saudi Arabia showed demand for loans growing at the slowest pace since 2011 and the kingdom’s currency reserves plunging for a third month in a row. An index reflecting the performance of the non-oil private economy fell to the lowest level in a year in May.
Read the full article here.
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Canada's housing starts jump more than expected on condo surge
Canadian residential building activity accelerated in May to the fastest in 10 months, driven by condominium construction.
Builders began work on an annualized 201,705 homes last month, up 10 per cent from April and the most since July, the Canada Mortgage & Housing Corp. said in a statement. Annualized multiple-unit construction in urban centers rose 17 per cent.
Read the full article here.
Canadian residential building activity accelerated in May to the fastest in 10 months, driven by condominium construction.
Builders began work on an annualized 201,705 homes last month, up 10 per cent from April and the most since July, the Canada Mortgage & Housing Corp. said in a statement. Annualized multiple-unit construction in urban centers rose 17 per cent.
Read the full article here.
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Toronto, Vancouver experiencing rental renaissance as appetite for condos wanes
For the past two decades, developers in Canada’s hottest real estate markets have busily erected shiny new condominium towers while construction of rental buildings has stagnated.
But with the appetite for condos beginning to wane and sky-high home prices leaving home ownership out of reach for many, developers and institutional investors in Toronto and Vancouver are increasingly setting their sights on rental units.
Read the full article here.
For the past two decades, developers in Canada’s hottest real estate markets have busily erected shiny new condominium towers while construction of rental buildings has stagnated.
But with the appetite for condos beginning to wane and sky-high home prices leaving home ownership out of reach for many, developers and institutional investors in Toronto and Vancouver are increasingly setting their sights on rental units.
Read the full article here.
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When you are investing Billions of dollars, you want some consistency in your regulatory environment. Premier Brad Wall of Saskatchewan is making SURE that the Oil and Gas companies know that they are welcome to bring their jobs to that province by promising consistency on royalties
WEYBURN, Sask. – Saskatchewan Premier Brad Wall is using the NDP’s pending royalty review in Alberta to pitch his province to the oil industry.
In a speech to an industry audience in Weyburn this week, Wall promised his government has no plans to review the rates it charges oil companies in Saskatchewan.
Read the full article here.
WEYBURN, Sask. – Saskatchewan Premier Brad Wall is using the NDP’s pending royalty review in Alberta to pitch his province to the oil industry.
In a speech to an industry audience in Weyburn this week, Wall promised his government has no plans to review the rates it charges oil companies in Saskatchewan.
Read the full article here.
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Canada gains 58,900 jobs in May, private-sector employment surges
The country’s labour force received a boost of 58,900 net jobs last month thanks to a surge in private-sector work that more than offset April’s losses, Statistics Canada said Friday.
Even with the increase, the national unemployment rate in May remained locked at 6.8 per cent for the fourth straight month, after more people entered the workforce, the statistical agency’s latest job-market report found.
Read the full article here.
The country’s labour force received a boost of 58,900 net jobs last month thanks to a surge in private-sector work that more than offset April’s losses, Statistics Canada said Friday.
Even with the increase, the national unemployment rate in May remained locked at 6.8 per cent for the fourth straight month, after more people entered the workforce, the statistical agency’s latest job-market report found.
Read the full article here.
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Great news for landlords as CMHC expects fewer people to buy and more to choose rentals
After years of tolerating sky-high house prices, Canadian buyers are set to start flocking to more affordable homes and many others will opt to keep renting instead, helping to take more steam out of the housing market, the federal housing agency predicts.
New-home construction will slow over the next two years as low oil prices continue to take their toll on the economy despite rock-bottom interest rates, Canada Mortgage and Housing Agency said in a new housing-market forecast. Prices of resale homes will rise 3.4 per cent this year before slowing to 1.5 per cent next year.
Read the full article here.
After years of tolerating sky-high house prices, Canadian buyers are set to start flocking to more affordable homes and many others will opt to keep renting instead, helping to take more steam out of the housing market, the federal housing agency predicts.
New-home construction will slow over the next two years as low oil prices continue to take their toll on the economy despite rock-bottom interest rates, Canada Mortgage and Housing Agency said in a new housing-market forecast. Prices of resale homes will rise 3.4 per cent this year before slowing to 1.5 per cent next year.
Read the full article here.
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10 ways millennials are changing homebuying
As far as millennials are concerned, a Facebook page with listings is something their grandmother would do. They expect agents to engage them on social media. “They need to feel like they’re a part of your business,” Murray says. “Just reposting an article that’s been posted 1,000 times across the country isn’t enough.”
Read the full article here.
As far as millennials are concerned, a Facebook page with listings is something their grandmother would do. They expect agents to engage them on social media. “They need to feel like they’re a part of your business,” Murray says. “Just reposting an article that’s been posted 1,000 times across the country isn’t enough.”
Read the full article here.
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Despite the horrible headlines of doom and gloom, demand for Canadian crude is high. In fact, Canada’s heavy crude oil prices are at their highest this year
Brisk demand along with supply disruptions due to Alberta’s wildfires have propelled Canadian heavy crude oil prices to their highest this year.
Recent prices for Western Canadian Select heavy crude, a blend of bitumen from the oil sands and conventional heavy oil, reflect an unusually narrow discount to North American benchmark oil. The weakened Canadian dollar has also boosted returns for Canadian producers, even as OPEC holds firm on output to keep world prices low in a bid for more market share.
Read the full article here.
Brisk demand along with supply disruptions due to Alberta’s wildfires have propelled Canadian heavy crude oil prices to their highest this year.
Recent prices for Western Canadian Select heavy crude, a blend of bitumen from the oil sands and conventional heavy oil, reflect an unusually narrow discount to North American benchmark oil. The weakened Canadian dollar has also boosted returns for Canadian producers, even as OPEC holds firm on output to keep world prices low in a bid for more market share.
Read the full article here.
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Canadian home sales and prices will rise this year as oil-producing markets rebound, predicts RBC
In their latest economic outlook, RBC projects Canada’s GDP will grow by 1.8 per cent this year and 2.6 per cent in 2016. The bank says the outlook reflects “a positive read on expectations for consumption and housing.”
Housing? But what about those markets that have been hit hard by falling oil prices? RBC says a recent rise in sales suggests “oil-producing provinces may have hit their lows early in the year.” However, the bank cautions that given the uncertainty surrounding the near-term outlook for the price for oil, “another round of selling cannot be ruled out.”
Read the full article here.
In their latest economic outlook, RBC projects Canada’s GDP will grow by 1.8 per cent this year and 2.6 per cent in 2016. The bank says the outlook reflects “a positive read on expectations for consumption and housing.”
Housing? But what about those markets that have been hit hard by falling oil prices? RBC says a recent rise in sales suggests “oil-producing provinces may have hit their lows early in the year.” However, the bank cautions that given the uncertainty surrounding the near-term outlook for the price for oil, “another round of selling cannot be ruled out.”
Read the full article here.
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Follow the funding and you will see the ‘hidden’ economic reason for many protests and social media smear campaigns
Hardly a week goes by without a coup by the Tar Sands Campaign. The latest win is courtesy of SumOfUs, the group that pressured Tim Horton’s into pulling its ads for Enbridge, a pipeline company that transports Alberta oil across North America.
The Tar Sands Campaign was launched in 2008 by the Rockefeller Brothers Fund, the Tides Foundation (“Tides”) and other U.S. foundations with the objective of branding Alberta oil as the poster child of “dirty fuel.”
Read the full article here.
Hardly a week goes by without a coup by the Tar Sands Campaign. The latest win is courtesy of SumOfUs, the group that pressured Tim Horton’s into pulling its ads for Enbridge, a pipeline company that transports Alberta oil across North America.
The Tar Sands Campaign was launched in 2008 by the Rockefeller Brothers Fund, the Tides Foundation (“Tides”) and other U.S. foundations with the objective of branding Alberta oil as the poster child of “dirty fuel.”
Read the full article here.
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Why it may be better to rent, not buy that condo
Young Toronto professionals in their 20s and 30s may be getting bad advice from their parents when it comes to diving into the GTA condo market.
Their parents are armed with the irrefutable truth that having bought real estate 25 years ago, they’ve made a mint. Concluding that they were smart, when maybe they were just lucky, (25 years of interest rate declines really help) they are urging the kids to follow suit. Often, they offer financial help. So the kids, worried they might be priced out of the market, are feeling the pressure.
Read the full article here.
Young Toronto professionals in their 20s and 30s may be getting bad advice from their parents when it comes to diving into the GTA condo market.
Their parents are armed with the irrefutable truth that having bought real estate 25 years ago, they’ve made a mint. Concluding that they were smart, when maybe they were just lucky, (25 years of interest rate declines really help) they are urging the kids to follow suit. Often, they offer financial help. So the kids, worried they might be priced out of the market, are feeling the pressure.
Read the full article here.
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Mutual fund commissions cause problems for investors, lower returns and raise expenses: Study
A report commissioned by Canadian regulators considering overhauling mutual fund fees says there is “conclusive evidence that commission-based compensation creates problems that must be addressed.”
The Brondesbury Group reviewed existing research on mutual fund compensation and concluded that evidence on its impact is conclusive enough to justify an overhaul and the creation of new compensation policies.
Read the full article here.
A report commissioned by Canadian regulators considering overhauling mutual fund fees says there is “conclusive evidence that commission-based compensation creates problems that must be addressed.”
The Brondesbury Group reviewed existing research on mutual fund compensation and concluded that evidence on its impact is conclusive enough to justify an overhaul and the creation of new compensation policies.
Read the full article here.