High hopes for housing market 12/29/2009
“The rate increases will be there, but the affordability of housing is very favourable because we’ve not had those big jumps in house prices in Canada,” said Warren Jestin, chief economist for Scotiabank. Click here to read more Add Comment In a wide-ranging yearend interview Flaherty explained his government has limited tools to cope with a rising Loonie and ruled out subsidies to soften the blow. Click here to read more Carney to banks: Be careful on debt 12/22/2009
Yet in the same address to a blue-chip Toronto luncheon crowd, Mr. Carney said a strong consumer able to capitalize on low rates is paramount for the Canadian economy. Read more: http://www.nationalpost.com/rss/story.html?id=2349767#ixzz0aQUXJGQ0 Canada’s dollar climbed against its U.S. counterpart for a third day on speculation an accelerating economic recovery will prompt the central bank to raise interest rates sooner than it expected. Click here to read more Nation Seeing Indicators of Positive Growth 12/21/2009
Manufacturing orders rose for the second time in four months while the housing market, consumer demand and employment levels all improved in November. Click here to read more BOC household debt warnings overblown: CIBC 12/19/2009
CIBC World Markets in its Economic Insights report estimates that less than 4% of households are vulnerable to a rate shock. click here to read more But key differences separate the Canadian and U.S. housing markets, analysts say, suggesting Canada may be less vulnerable to a U.S.-style market collapse. Click her to read more For the 12 months ending June 30, business bankruptcies actually decreased by 4.9 per cent compared with the 12 months ending June 30, 2008, mostly because of fewer insolvencies in construction and retail. Click here to read more “The Canadian housing market remains on fire as the combination of low mortgage rates and still favorable buying conditions continues to spur buying activity,” Millan Mulraine, an economist with TD Securities in Toronto, said in a note to clients. Click here to read more The average Canadian is carrying a record household debt-to-income ratio of 140%, according to numbers released by the Office of the Superintendent of Bankruptcy late last month. click here to read more |
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