January 2014 Canadian Economic Fundamentals
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The Canadian commercial real estate sector by the numbers
This article is the second part of a two part series. Following is a link to the first article The `surprising` contribution of CRE to the Canadian Economy .
This fall, Property Biz Canada delved into some of the really big numbers from the Real Property Association of Canada`s (REALpac) recent study The Contribution of the Commercial Real Estate Sector to the Canadian Economy.
Read the full article here.
This article is the second part of a two part series. Following is a link to the first article The `surprising` contribution of CRE to the Canadian Economy .
This fall, Property Biz Canada delved into some of the really big numbers from the Real Property Association of Canada`s (REALpac) recent study The Contribution of the Commercial Real Estate Sector to the Canadian Economy.
Read the full article here.
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Experts see modest, but solid growth for Canada's economy in 2014
OTTAWA -- Wait until next year.
It's a familiar refrain for sports teams, but the premise is getting old for Canadians awaiting the return of an economy that can be counted on for jobs, solid incomes and financial security.
As far back as 2010, the Bank of Canada held out the prospect of better times in the year ahead. But unexpected events -- whether it was a tsunami in Japan, a debt crisis in Europe, or political shenanigans in Washington -- always took the shine off the optimism.
Read the full article here.
OTTAWA -- Wait until next year.
It's a familiar refrain for sports teams, but the premise is getting old for Canadians awaiting the return of an economy that can be counted on for jobs, solid incomes and financial security.
As far back as 2010, the Bank of Canada held out the prospect of better times in the year ahead. But unexpected events -- whether it was a tsunami in Japan, a debt crisis in Europe, or political shenanigans in Washington -- always took the shine off the optimism.
Read the full article here.
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Look for a little more economic drama for Canada in 2014
If 2013 was the year of `modest` ` moderate economic growth, modest job gains and mild-to-non-existent inflation ` next year should bring a little more drama.
Canada`s economy grew by about 1.7 per cent in 2013, the second year in a row of tepid growth that disappointed most forecasters. Next year, if their crystal balls are any indication, growth should accelerate to 2.3 per cent.
Read the full article here.
If 2013 was the year of `modest` ` moderate economic growth, modest job gains and mild-to-non-existent inflation ` next year should bring a little more drama.
Canada`s economy grew by about 1.7 per cent in 2013, the second year in a row of tepid growth that disappointed most forecasters. Next year, if their crystal balls are any indication, growth should accelerate to 2.3 per cent.
Read the full article here.
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The Canadian dollar weakens with 2014 expected to bring more pressure
TORONTO, Jan 2 (Reuters) - The Canadian dollar softened against the greenback on Thursday as oil prices fell, kicking off a new year that is expected to bring more weakness for the currency.
With some investors still on holiday, trading was choppy in thinner-than-usual markets. Earlier in the day, the loonie strengthened to as much as C$1.0589 against the U.S. currency before giving up its gains.
Read the full article here.
TORONTO, Jan 2 (Reuters) - The Canadian dollar softened against the greenback on Thursday as oil prices fell, kicking off a new year that is expected to bring more weakness for the currency.
With some investors still on holiday, trading was choppy in thinner-than-usual markets. Earlier in the day, the loonie strengthened to as much as C$1.0589 against the U.S. currency before giving up its gains.
Read the full article here.
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Property sales and prices in Canada set to rise in 2014, according to CREA forecast
The Canadian Real Estate Association (CREA) has updated its forecast for home sales due to stronger than expected activity through the summer and early autumn months.
Although monthly sales volatility has increased in recent years, particularly surrounding changes to mortgage rules, national activity on an annual basis has remained remarkably stable, it says in its latest report.
Read the full article here.
The Canadian Real Estate Association (CREA) has updated its forecast for home sales due to stronger than expected activity through the summer and early autumn months.
Although monthly sales volatility has increased in recent years, particularly surrounding changes to mortgage rules, national activity on an annual basis has remained remarkably stable, it says in its latest report.
Read the full article here.
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Paying down debt remains top financial priority of Canadians: CIBC poll
TORONTO - Paying down debt remains the top financial priority of Canadians, although a new poll says slightly fewer have made it their top pick compared with the previous two years.
The poll, conducted for CIBC (TSX:CM.TO - News) by Harris/Decima, found that overall 16 per cent of respondents said lowering debt was their No. 1 priority for 2014.
Read the full article here.
TORONTO - Paying down debt remains the top financial priority of Canadians, although a new poll says slightly fewer have made it their top pick compared with the previous two years.
The poll, conducted for CIBC (TSX:CM.TO - News) by Harris/Decima, found that overall 16 per cent of respondents said lowering debt was their No. 1 priority for 2014.
Read the full article here.
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Property sales and prices in Canada set to rise in 2014, according to CREA forecast
The Canadian Real Estate Association (CREA) has updated its forecast for home sales due to stronger than expected activity through the summer and early autumn months.
Although monthly sales volatility has increased in recent years, particularly surrounding changes to mortgage rules, national activity on an annual basis has remained remarkably stable, it says in its latest report.
Read the full article here.
The Canadian Real Estate Association (CREA) has updated its forecast for home sales due to stronger than expected activity through the summer and early autumn months.
Although monthly sales volatility has increased in recent years, particularly surrounding changes to mortgage rules, national activity on an annual basis has remained remarkably stable, it says in its latest report.
Read the full article here.
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Job growth to climb with steady economy
As economist Peter Buchanan notes, "forecasting Canada's fickle monthly job growth series isn't for the faint of heart."
Which is why analysts have such different expectations for Friday's December employment report from Statistics Canada.
Read the full article here.
As economist Peter Buchanan notes, "forecasting Canada's fickle monthly job growth series isn't for the faint of heart."
Which is why analysts have such different expectations for Friday's December employment report from Statistics Canada.
Read the full article here.
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Canadian investor confidence still near pre-financial crisis levels
Waterloo, ON (Jan. 6, 2013) ` Despite the continued market recovery, Canadian investors remain wary and continue to take a conservative approach to investment and savings vehicles as evidenced by a one-point dip (to +21) in the latest Manulife Financial Investor Sentiment Index. Nowhere is investor skepticism more apparent than in Quebec where the Index sits at +8 ` only three points higher than pre-economic crisis levels in 2008 (+5).
Read the full article here.
Waterloo, ON (Jan. 6, 2013) ` Despite the continued market recovery, Canadian investors remain wary and continue to take a conservative approach to investment and savings vehicles as evidenced by a one-point dip (to +21) in the latest Manulife Financial Investor Sentiment Index. Nowhere is investor skepticism more apparent than in Quebec where the Index sits at +8 ` only three points higher than pre-economic crisis levels in 2008 (+5).
Read the full article here.
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Housing market on solid footing
Preliminary December sales data from several cities indicate Canada`s housing market is entering the new year in solid shape, with prices again showing more strength than economists expected.
After the protracted sales slump that hit the market in the summer of 2012, economists were surprised by the degree to which it rebounded during the latter half of last year. The spring market got a jolt from falling mortgage rates and, ironically, sales got an even bigger boost in the late summer and early fall from rising mortgage rates ` which spooked some buyers into jumping into the market before rates rose further.
Read the full article here.
Preliminary December sales data from several cities indicate Canada`s housing market is entering the new year in solid shape, with prices again showing more strength than economists expected.
After the protracted sales slump that hit the market in the summer of 2012, economists were surprised by the degree to which it rebounded during the latter half of last year. The spring market got a jolt from falling mortgage rates and, ironically, sales got an even bigger boost in the late summer and early fall from rising mortgage rates ` which spooked some buyers into jumping into the market before rates rose further.
Read the full article here.
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2014 Canadian real estate outlook positive
The Canadian Real Estate Association (CREA) has updated its forecast for home sales due to stronger than expected activity through the summer and early autumn months.
Although monthly sales volatility has increased in recent years, particularly surrounding changes to mortgage rules, national activity on an annual basis has remained remarkably stable, it says in its latest report.
Read the full article here.
The Canadian Real Estate Association (CREA) has updated its forecast for home sales due to stronger than expected activity through the summer and early autumn months.
Although monthly sales volatility has increased in recent years, particularly surrounding changes to mortgage rules, national activity on an annual basis has remained remarkably stable, it says in its latest report.
Read the full article here.
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Real estate boom continues in Canada's largest cities
Repeated warnings of an overheated market failed to deter home buyers in Canada`s largest cities in 2013, with the number of Toronto home sales up two per cent over the previous year, Vancouver sales were up 14 per cent and Calgary sales rose 11 per cent.
Homes in the Greater Toronto Area continued their robust rise in price, up 5.2 per cent to an average price of $523,036 in December, compared to $497,130 in 2012, the Toronto Real Estate Board reports.
Read the full article here.
Repeated warnings of an overheated market failed to deter home buyers in Canada`s largest cities in 2013, with the number of Toronto home sales up two per cent over the previous year, Vancouver sales were up 14 per cent and Calgary sales rose 11 per cent.
Homes in the Greater Toronto Area continued their robust rise in price, up 5.2 per cent to an average price of $523,036 in December, compared to $497,130 in 2012, the Toronto Real Estate Board reports.
Read the full article here.
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The latest evidence Canada`s economy could be ready to stage a comeback? Ontario`s outlook
Growing consumer optimism in Ontario will help lead a 2014 economic rebound as Canada`s most-populous province closes a gap with the commodity-rich west.
Ontario has recorded the biggest increase in consumer confidence over the past four months, according to the Bloomberg Nanos Canadian Confidence Index, while sentiment in the western prairie provinces has fallen. A separate gauge of purchasing managers by Royal Bank of Canada also shows Ontario leading gains since August.
Read the full article here.
Growing consumer optimism in Ontario will help lead a 2014 economic rebound as Canada`s most-populous province closes a gap with the commodity-rich west.
Ontario has recorded the biggest increase in consumer confidence over the past four months, according to the Bloomberg Nanos Canadian Confidence Index, while sentiment in the western prairie provinces has fallen. A separate gauge of purchasing managers by Royal Bank of Canada also shows Ontario leading gains since August.
Read the full article here.
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PM says confident Keystone XL pipeline will be approved
VANCOUVER (Reuters) - Canadian Prime Minister Stephen Harper said on Monday he was confident that TransCanada Corp's controversial Keystone XL pipeline would be eventually approved by U.S. authorities.
U.S. President Barack Obama is set this year to decide the fate of the northern leg of the proposed project, which would carry crude from the Alberta oil sands in Canada to the U.S. Gulf Coast. Obama is under heavy pressure from environmental activists to block the pipeline.
Read the full article here.
VANCOUVER (Reuters) - Canadian Prime Minister Stephen Harper said on Monday he was confident that TransCanada Corp's controversial Keystone XL pipeline would be eventually approved by U.S. authorities.
U.S. President Barack Obama is set this year to decide the fate of the northern leg of the proposed project, which would carry crude from the Alberta oil sands in Canada to the U.S. Gulf Coast. Obama is under heavy pressure from environmental activists to block the pipeline.
Read the full article here.
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A world full of risk in 2014
EDMONTON - For the doom-and-gloom crowd, it has been a painful five years since the recession ended in 2009.
Armageddon never arrived, leaving an army of preppers wondering how to dispose of all the ammo and unused cans of tuna in their underground bunkers.
Read the full article here.
EDMONTON - For the doom-and-gloom crowd, it has been a painful five years since the recession ended in 2009.
Armageddon never arrived, leaving an army of preppers wondering how to dispose of all the ammo and unused cans of tuna in their underground bunkers.
Read the full article here.
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Looney may fall further in first half of 2014
It`s going to get worse before it gets better for the loonie.
Canada`s dollar has had a lousy year, down about 6% against its U.S. counterpart. Most analysts say they expect the currency to fall even further in the first half of 2014, before potentially rebounding in the second half.
Read the full article here.
It`s going to get worse before it gets better for the loonie.
Canada`s dollar has had a lousy year, down about 6% against its U.S. counterpart. Most analysts say they expect the currency to fall even further in the first half of 2014, before potentially rebounding in the second half.
Read the full article here.
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Canada's advantages
Canada`s economy continues to outperform those of most other industrialized countries. Driving this remarkable performance are a series of competitive advantages, such as low business costs and corporate tax rates, ready access to markets, a highly skilled and educated workforce, strong public support for R&D and stable, robust financial institutions.
Read the full article here.
Canada`s economy continues to outperform those of most other industrialized countries. Driving this remarkable performance are a series of competitive advantages, such as low business costs and corporate tax rates, ready access to markets, a highly skilled and educated workforce, strong public support for R&D and stable, robust financial institutions.
Read the full article here.
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Poloz says rates on hold until economic data improves
OTTAWA ` The Bank of Canada should keep its key interest rate on hold until economic data persuades it otherwise, central bank chief Stephen Poloz said on Tuesday, adding that he was not worried about calls from some international players to tighten policy
Read the full article here.
OTTAWA ` The Bank of Canada should keep its key interest rate on hold until economic data persuades it otherwise, central bank chief Stephen Poloz said on Tuesday, adding that he was not worried about calls from some international players to tighten policy
Read the full article here.
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First Nations leaders push for long-term LNG goals
A decade ago, Kitamaat Village in northwest British Columbia was broke as residents of the First Nations community faced non-existent job and economic development prospects. But that was then. Now, Haisla Nation Chief Ellis Ross is waiting for the bust-to-boom times as restructuring of the Rio Tinto aluminum smelter continues and oil company giants such as Shell and Chevron consider liquefied natural gas developments near the village site, bringing plenty of labour and service industry.
However, Ross wants to do something about his nagging feeling that the jobs won't last forever.
Read the full article here.
A decade ago, Kitamaat Village in northwest British Columbia was broke as residents of the First Nations community faced non-existent job and economic development prospects. But that was then. Now, Haisla Nation Chief Ellis Ross is waiting for the bust-to-boom times as restructuring of the Rio Tinto aluminum smelter continues and oil company giants such as Shell and Chevron consider liquefied natural gas developments near the village site, bringing plenty of labour and service industry.
However, Ross wants to do something about his nagging feeling that the jobs won't last forever.
Read the full article here.