March 2015 U.S. Economic Fundamentals
- Thread starter Ally
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- Mar 24, 2009
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Lower loonie threatens to
slow retirement home purchases in U.S. "We've Only Just
Begun...."
When Mike and Brenda Schiller bought their first vacation home in Phoenix in 2010, economic factors worked in their favour. Arizona home prices were low and still dropping after the real estate crash of 2007; the Canadian dollar was strong and became even stronger by the time the deal closed.
“When we did the conversion [from Canadian to U.S. dollars], we actually made money,” says Mr. Schiller, 53, a manager in Calgary’s oil and gas industry. “The other thing that happened was that from the time we started the building process to the end, the economy dropped even further, so they had to reduce the house price. So we did really well.”
Read the full article here.
slow retirement home purchases in U.S. "We've Only Just
Begun...."
When Mike and Brenda Schiller bought their first vacation home in Phoenix in 2010, economic factors worked in their favour. Arizona home prices were low and still dropping after the real estate crash of 2007; the Canadian dollar was strong and became even stronger by the time the deal closed.
“When we did the conversion [from Canadian to U.S. dollars], we actually made money,” says Mr. Schiller, 53, a manager in Calgary’s oil and gas industry. “The other thing that happened was that from the time we started the building process to the end, the economy dropped even further, so they had to reduce the house price. So we did really well.”
Read the full article here.
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Maybe FLA isn’t all it is
cracked up to be as a Canadian investment location?
I came across two surprising statistics in the papers recently. The first was a report from the Florida Department of Tourism that 3.8 million Canadians visited the state in 2014. That’s more than 10 per cent of our entire population!
The second was buried in an article on the comeback in Florida’s real estate industry since the credit crunch of 2008-09 caused prices of residential homes to plunge, in some cases by more than 50 per cent. The story noted that valuations haven’t come all the way back but the market was looking healthier than at any time since the Great Recession. A large part of the reason, one real estate broker said, was foreign buyers. Almost as an afterthought, it was mentioned that about 500,000 Canadians own property in Florida.
Read the full article here.
cracked up to be as a Canadian investment location?
I came across two surprising statistics in the papers recently. The first was a report from the Florida Department of Tourism that 3.8 million Canadians visited the state in 2014. That’s more than 10 per cent of our entire population!
The second was buried in an article on the comeback in Florida’s real estate industry since the credit crunch of 2008-09 caused prices of residential homes to plunge, in some cases by more than 50 per cent. The story noted that valuations haven’t come all the way back but the market was looking healthier than at any time since the Great Recession. A large part of the reason, one real estate broker said, was foreign buyers. Almost as an afterthought, it was mentioned that about 500,000 Canadians own property in Florida.
Read the full article here.
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U.S. paper producers file petition against Canadian competitors
U.S. paper producers are seeking trade action against Canadian rivals who they say are dumping their product south of the border and pricing them out of the market.
The Coalition for Fair Paper Imports has filed a petition with the U.S. Department of Commerce and the U.S. International Trade Commission asking that countervailing duties be imposed on Canadian exporters of so-called supercalendered paper. The glossy paper is used in retail catalogues, flyers and magazines.
Read the full article here.
U.S. paper producers are seeking trade action against Canadian rivals who they say are dumping their product south of the border and pricing them out of the market.
The Coalition for Fair Paper Imports has filed a petition with the U.S. Department of Commerce and the U.S. International Trade Commission asking that countervailing duties be imposed on Canadian exporters of so-called supercalendered paper. The glossy paper is used in retail catalogues, flyers and magazines.
Read the full article here.
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Number of U.S. job openings rise to 14-year high in January
Job openings climbed in January, pointing to sustained gains in the U.S. labor market after the best year of hiring since 1999.
The number of positions waiting to be filled in the U.S. rose by 121,000 to 5 million in January, the highest level in 14 years, from a revised 4.88 million the prior month, the Labor Department reported today in Washington. The rate of hiring cooled, while the number of Americans quitting their jobs increased.
Read the full article here.
Job openings climbed in January, pointing to sustained gains in the U.S. labor market after the best year of hiring since 1999.
The number of positions waiting to be filled in the U.S. rose by 121,000 to 5 million in January, the highest level in 14 years, from a revised 4.88 million the prior month, the Labor Department reported today in Washington. The rate of hiring cooled, while the number of Americans quitting their jobs increased.
Read the full article here.
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California's new normal
SHASTA DAM, Calif. — Two out of every three meals eaten in the United States contain something grown in California. Under normal conditions, they would start right here as most of the state’s fields are irrigated with water from Shasta Lake, the state’s largest reservoir.
Held behind the 183-metre-high Shasta Dam is the lifeblood for truckloads of almonds, rail cars of oranges, thousands of jobs and billions of dollars.
Read the full article here.
SHASTA DAM, Calif. — Two out of every three meals eaten in the United States contain something grown in California. Under normal conditions, they would start right here as most of the state’s fields are irrigated with water from Shasta Lake, the state’s largest reservoir.
Held behind the 183-metre-high Shasta Dam is the lifeblood for truckloads of almonds, rail cars of oranges, thousands of jobs and billions of dollars.
Read the full article here.
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The U.S. has too much oil and nowhere to put it
Seven months ago the giant tanks in Cushing, Okla., the largest crude oil storage hub in North America, were three-quarters empty. After spending the last few years brimming with light, sweet crude unlocked by the shale drilling revolution, the tanks held just less than 18 million barrels by late July, down from a high of 52 million in early 2013. New pipelines to refineries along the Gulf Coast had drained Cushing of more than 30 million barrels in less than a year.
Read the full article here.
Seven months ago the giant tanks in Cushing, Okla., the largest crude oil storage hub in North America, were three-quarters empty. After spending the last few years brimming with light, sweet crude unlocked by the shale drilling revolution, the tanks held just less than 18 million barrels by late July, down from a high of 52 million in early 2013. New pipelines to refineries along the Gulf Coast had drained Cushing of more than 30 million barrels in less than a year.
Read the full article here.