Economy

What 97% of homebuyers regret

If your clients are looking for a home, there’s a good chance they need your help. That’s because almost all Canadian homebuyers (97%) say they wish they’d factored in their other financial obligations when determining the mortgage they could afford, reveals a TD survey. Read: What first-time homebuyers want from their advisors More than half […]

By Staff |September 28, 2017

2 min read

Monetary policy to be data dependent: BoC

“There is no predetermined path for interest rates from here.” That remark came from Bank of Canada Governor Stephen Poloz in a speech today that highlighted the central bank’s plan to carefully monitor economic indicators to decide on the direction of monetary policy. While growth in the second quarter far exceeded expectations, and showed the […]

By Staff |September 27, 2017

2 min read

What to watch this week at home and abroad

Here’s what to watch this week in the economy, both at home and abroad. Bank of Canada speech. Governor Stephen Poloz speaks on Wednesday in St. John’s, Newfoundland. His topic, “The meaning of data dependence: An economic progress report,” suggests he’ll provide insight on criteria for further rate hikes and their timing. Read: Inflation inches […]

By Staff |September 25, 2017

3 min read

From the loonie to the euro: currency update

The Federal Reserve’s firm statement last week that a December rate hike remains on the table wasn’t good news for the loonie, which had reached US$0.83 after two hikes by the Bank of Canada. Read: Why there’s too much love for the loonie Loss of loonie steam can also be attributed to remarks from the […]

By Staff, with files from The Associated Press |September 25, 2017

2 min read