Tag: consumer confidence
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Daily round-up: Friday, September 17, 2010
SEPTEMBER 17, 2010
Hello again Time for your daily dose of reality: Four Things That Will Slow Canada's Growth
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Move along….nothing to see here!
SEPTEMBER 21, 2010
Well it's official! The U.S. 'officially' exited recession back in June, 2009 according to the National Bureau of Economic Research.
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I’m alive….the canary is not!
SEPTEMBER 30, 2010
Well I've managed to survive the nastiest illness of my life. I can't remember ever feeling as wretched as I did earlier this week. I'm quite certain it was a real nasty case of food poisoning. For those of you fortunate enough to not have ever experienced it, count your blessings. It's awful.
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The chicken, the egg, or a bit of both?
OCTOBER 07, 2010
Hello all
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Consumer confidence, leading indicators both falling
OCTOBER 22, 2010
As noted before, perhaps the greatest difference between the US and the Canadian economy is not our 'sound' banking system nor out 'conservative' consumers, but rather the fact that we still have confidence in our short term economic prospects, while they don't.
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Housing starts down...but at least debt's not an issue
NOVEMBER 08, 2010
Lots of good info out today. Housing starts decline If you haven't yet read the primer on the importance that real estate plays to the health of the broader economy, you need to. Let me remind you of the experience of our neighbours to the south. When people stopped buying houses, it had wide-spread economic impacts on consumer spending, consumer confidence, economic growth, and employment.
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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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US consumer confidence sinks as house prices continue to double dip
DECEMBER 28, 2010
Consumer confidence sinks The conference board released their consumer confidence reading for December. Analysts were expecting a reading of 56.3 on the confidence index. Instead it registered at 52.5.....a pretty hefty miss.
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"It's a great time to buy a house" -Royal LePage; Canadians opinion on the economy sours
JANUARY 06, 2011
As we anxiously await the December stats from the last few big real boards, let's turn our attention to the antics of increasingly desperate realtors. "Buy a house.....PLEASE" -Royal LePage I may have paraphrased it slightly, but that's the gist of a 'report' by Royal LePage predicting *surprise, surprise* that real estate prices will increase in Canada in 2011.
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Watching for signs of a deflating Canadian debt/real estate bubble
JANUARY 08, 2011
One of the favourite pastimes of those who acknowledge the existence of a credit bubble in Canada (self included) is predicting what will cause its demise and what might give us an early indicator of debt fatigue. What will cause the credit bubble to pop?
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Consumer confidence rises in January; Global food inflation concerns mounting
JANUARY 25, 2011
Consumer confidence rises in January The Conference Board released its January consumer confidence reading yesterday. The index rose 7.1 points to sit at 88.1, still well below the pre-recession average of +-100, but still much better than would be expected.
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CIBC on the housing and the Canadian Consumer; Bank of Canada speech; Other noteworthy news stories
MARCH 29, 2011
CIBC on housing and the Canadian consumer Just a week after Scotia Economics released a report suggesting that Canadian consumers are "tapped out", CIBC economics has released an interesting report that contains some similar themes. Some highlights:
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'Affordability' measures.....still misleading; Consumer confidence tanking; Taking a page from the 'bull' play book
AUGUST 24, 2011
Affordability measures still misleading: One comment I often receive is that I don't give enough weight to the impact of purchasing power in analyzing the Canadian real estate market. The argument is that since interest rates are falling, houses are more affordable, and therefore it should be expected that house prices show a marked dislocation from fundamentals like rents, incomes, and per-capita GDP.
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The confidence economy
SEPTEMBER 12, 2011
The confidence economy:
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OSFI warns on consumer debt; Confidence readings remain weak
SEPTEMBER 27, 2011
OSFI warns on consumer debt: The head of the Office of the Superintendent of Financial Institutions (OFSI), the country's top financial watchdog, recently gave a speech to the Economic Club of Canada in Toronto. In that speech, superintendent Julie Dickson issued some strong warnings to financial institutions not to let underwriting standards erode amid declining profitability. Some key snippets:
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