Tag: Bank of Canada
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Daily round-up: Wednesday, September 8, 2010
SEPTEMBER 08, 2010
Hello all Here's a quick recap of the day's must-read articles:
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Roundup: Turkey and Sweet Potato Edition
OCTOBER 10, 2010
Hello all and Happy Thanksgiving! I hope this weekend finds you in the company of those you love. On a day meant for giving thanks for all the blessings we have here in Canada (and we do have much to be thankful for), it seems almost wrong to post anything about the struggling economy and the coming housing bust. Alas, this is a blog dedicated to serving up the straight goods. No extreme doom and gloom...our economy will survive, but not sunshine and lollipops either. So let me highlight a few articles that caught my eye today:
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Bank of Canada interest rate outlook; Consumer confidence in the dumps
DECEMBER 06, 2010
Bank of Canada rate outlook The structural issues with Canada's miraculous economic growth coming out of the recession has been painfully obvious to me for some time now. When one strips away the economic spin-offs of rising home prices and the associated wealth effect spending, inventory restocking by businesses, and stimulus spending by government, we find our growth miracle was largely a mirage.
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Bank of Canada sounds alarm bell
DECEMBER 09, 2010
Bank of Canada sounds the alarm bell The Bank of Canada released their latest Financial System Review today. While they speak at length of the risks of European contagion, a weak global economy, low interest rates, and global imbalances, it is the section on household finances that caught my eye:
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Guest Post: How low interest rates screw up the economy
DECEMBER 14, 2010
Hat tip to Caleb over at TANSTAAFL CANADA! for this excellent post explaining how low interest rates screw up the economy, a common theme on this site. Caleb has given his permission for this re-post.
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"The challenges we face have only just begun"
DECEMBER 18, 2010
Reality bites!
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Value of building permits plunges in November; Bank of Canada talks tough
JANUARY 10, 2011
Building permits plunge
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Credit risk across the nation: Who's most at risk from an interest rate shock?
FEBRUARY 11, 2011
TD has come out with a very fascinating report in which they've assessed the financial vulnerability of households across the country. It's full of interesting data, though some of them certainly questionable. Perhaps most interestingly, they have made easily available a range of financial data going back over a decade. The trends certainly speak for themselves, and we'll look at those in more detail in a moment.
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Revisiting predictions: Commodities still hanging tough, public sector unions under fire, European debt crisis intensifies, interest rate predictions
MARCH 08, 2011
Revisiting predictions
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Bank of Canada holds the line; Royal LePage releases ‘research report’; “Canadian 30 year olds are screwed!”
APRIL 12, 2011
Bank of Canada holds the line Those with variable rate mortgages can breathe a sigh of relief as the Bank of Canada held the line on interest rates today, as expected, keeping the overnight rate at a paltry 1%.
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Inflation tops expectations…is a rate hike all but assured?; Will Canada be ‘going dutch’?
APRIL 19, 2011
Inflation tops expectations Stats Canada released their March inflation readings which surprised significantly to the high side. While economists were widely expecting a 2.8% year-over-year increase, the actual increase registered at 3.3%, the highest since mid 2008. Perhaps more significantly, the increase was widespread and not largely concentrated in the energy component of the Consumer Price Index.
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Mortgage arrears data across the nation: Visualizing Carney's interest rate conundrum
MAY 06, 2011
The Canadian Banker's Association released their latest mortgages in arrears data for February, 2011. I thought it might be cool to visualize the data by province to see where the trend is rising, where it's falling, and where it's stable. While this data should technically not influence the Bank of Canada's interest rate decisions, it must be hard to overlook the startling trend in a few provinces. Before we get to that, it's worth noting the positive Canadian economic data out in the past couple days.
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What a crazy few days: A plethora of data points for your consumption
JUNE 01, 2011
I've been quite busy working away on the book and the uber primer. I feel bad that I haven't had the time to discuss some of the amazing data points that have materialized in the last couple days. This post will be a round-up of the most news-worthy stories of the past few days (there have been many). Greece gets downgraded....50-50 odds of debt restructuring
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Have Canadian consumers reached their limit? The must-read report of the year
JUNE 14, 2011
Fantastic CGAAC report: Have Canadian consumers reached their limits? The must-read report of the year has been released by the Certified General Accountant Association of Canada. It contains so much great information that I may have to revisit it over several posts. Here are a few random snippets and some excellent graphs:
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The debt perception dichotomy....or why the road to financial hell is paved with good intentions.
JUNE 22, 2011
Debt perception dichotomy: It never ceases to amaze me just how staggeringly comfortable many people are with their massive debt burdens. You may recall that the Bank of Canada recently ran a stress test scenario and determined that a 0.5% increase in interest rates would put 1.1 million Canadian households under significant financial pressure. No kidding! Let's do some simple arithmetic: Low interest rates....
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Bank of Canada Review released: Flaherty now under pressure to adjust down payment rules
AUGUST 18, 2011
When the Bank speaks....people ought to listen!
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Canada's economic prospects sour: IMF, BMO, Bank of Canada
SEPTEMBER 20, 2011
There was a slew of revisions to Canada's economic growth prospects today. IMF warns of slower economic growth: The International Monetary Fund has released their latest World Economic Outlook publication. Although the IMF has been notoriously 'behind the eight ball' in their forecasting, it's nonetheless worth hearing what they have to say. The document is extensive, but here are just a couple key snippets:
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Can the Bank of Canada orchestrate a soft landing in housing?
OCTOBER 17, 2011
CREA released their latest resale figures and the Bank of Canada released some rather downbeat business outlook data. Unfortunately, that will have to wait until tomorrow. There’s only so much brain juice to go around. Today, I’ve used my daily ration looking at soft landings in real estate. Can the Bank of Canada orchestrate a 'soft landing'?
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Canadian house price affordability measures are still misleading
MARCH 07, 2012
RBC has released their latest housing affordability report. It shows an improvement in affordability, which was quickly trumpeted by media outlets without a fleeting though of perhaps checking the methodology of the index to make sure it made sense. That's obviously way too much to ask of the media in Canada. Here are some gems:
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